ABC News Australia

Australia's four major banks are now unanimous in forecasting that the Reserve Bank of Australia will raise interest rates at its meeting next week. The shift to a shared expectation reflects growing conviction among economists that tighter monetary policy is needed to curb persistent inflation, and borrowers are bracing for another increase in mortgage costs.

Australian scientists have developed technology that can measure how flammable eucalypt vegetation is from space, according to ABC News. The research could give authorities a new tool for assessing bushfire risk across vast and remote forested areas, allowing more targeted preparation ahead of dangerous fire seasons in Australia.

Mike Baird has resigned as chair of Cricket Australia, reportedly amid a dispute, according to ABC News Australia. The former NSW premier had led the governing body, and his departure raises questions about the internal disagreement behind the move and who will succeed him in charge of Australian cricket.

Australian retailers, including some of the country's most established and popular store chains, are feeling the strain of the ongoing consumer spending squeeze, according to ABC News business coverage. With households cutting back amid high interest rates and cost of living pressures, discretionary retailers are among the hardest hit, raising concerns about store closures and job losses across the sector.

ABC News' business program examines the difficulties facing some of Australia's best-known retail brands. The segment looks at the pressures pushing long-established stores toward closure or restructuring, reflecting broader strain in the country's retail sector as cost-of-living pressures and changing shopping habits hit familiar high street names.