SBS News In Depth

On this episode of the SBS On the Money podcast, Stephanie Youssef speaks with Michael Page Senior Managing Director David George about the growing use of artificial intelligence in recruitment, with more job seekers and employers turning to AI to write resumes, job ads and interview questions. Plus, Ricardo Gonçalves is joined by Tribeca Investment Partners Portfolio Manager Todd Warren to unpack a volatile week on the Australian sharemarket, as profit taking in the mining sector helped drag the ASX 1.3% lower for the week.

Six passengers from a cruise ship at the centre of a deadly hantavirus outbreak have returned to Australia, after the government secured a flight for them. They will now spend three weeks in quarantine which is just short of the World Health Organization's recommended 42-day period.

US President Donald Trump says China has offered to help calm conflict between the US and Iran, after high-stakes talks with President Xi Jinping in Beijing that focused heavily on the war in the Middle East, the Strait of Hormuz and growing fears of global economic fallout. The visit also exposed the delicate balancing act facing both powers, with Taiwan, trade and military tensions still threatening to destabilise the relationship between Washington and Beijing.

Coalition leader Angus Taylor has delivered his first budget reply, vowing to crack down on migration levels and prohibit non-citizens from accessing welfare payments. Critics say the coalition is blaming migrants for Australia's economic troubles, as Pauline Hanson's anti-immigrant One Nation accuses the opposition of copying their policies.

The ASX200 closed slightly higher after a late-session rebound, with mining giants BHP and Rio Tinto hitting fresh records while Coles fell after a landmark ACCC court ruling over misleading discount pricing. Ricardo Gonçalves speaks with Betashares investment strategist Hugh Lam about the day’s market action and the forces driving investor sentiment. Plus, Xero CEO Sukhinder Singh Cassidy responds to concerns artificial intelligence could disrupt the software-as-a-service sector, outlining how the cloud accounting company plans to navigate the next phase of the AI revolution after reporting a sharp fall in profit.