ASX edges higher ahead of GDP data | Silver breaks new record
The Australian share market has closed higher ahead of tomorrow’s key GDP data, where a strong economic growth figure could further complicate the Reserve Bank’s interest rate decision next week. Plus, silver’s rally continues with the precious metal breaking above US$58 an ounce overnight. For more, Stephanie Youssef spoke with MPC Markets CEO Mark Gardner.
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'I wish I was a dog in Australia': Muhammad's story as UN probes immigration detention
Australia's immigration detention regime is under United Nations scrutiny this week. The U-N Working Group on Arbitrary Detention is examining how the country deprives people of their liberty — from prisons to offshore detention facilities. And for people like Muhammad, who spent six years in detention, this review is one that's long overdue.
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Rhetoric and 'gunboat' diplomacy: Is Trump pushing the US toward war with Venezuela?
United States President Donald Trump has threatened a ground invasion of Venezuela to disrupt what he claims is a vast drug-trafficking network. The U-S military has already deployed thousands of troops and dozens of warships to the Caribbean as a U-S air campaign that has killed at least 83 people continues. But how likely is an all-out war with their South American neighbour, really?
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Peace Optimism Grows in Ukraine as U.S. Plan Shifts, France Steps Up
Ukrainians are cautiously optimistic that an end to the war could come soon, as President Volodymyr Zelenskyy says a revised U-S peace plan for Ukraine is looking more acceptable. This comes as French President Emmanuel Macron says this may be a turning point for Europe’s security, as Ukraine doubles down on long-term defence with a large French fighter-jet deal.
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Rate cuts? What rate cuts - Home prices have eaten them alive
New data reveals that surging home prices have wiped away the benefits of three interest rate cuts to new buyers. Rent prices are also rising in every capital city, prompting more and more Australians to form larger households or move back to their family home. The rising prices have left economists predicting a possible rate hike in 2026.
Hear the story behind the headlines. In each episode, we’ll help you make sense of the news stories that matter to you from Australia and the world, with reports and interviews from the SBS News team.
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