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The Reserve Bank of Australia has raised its cash rate to its highest level in 15 years, extending its campaign against persistent inflation. Borrowers face higher mortgage repayments as lending costs climb to a level not seen in over a decade. The decision keeps Australia in line with other major economies still tightening monetary policy, and economists are watching whether further increases will follow in coming months.

The Reserve Bank of Australia has announced another interest rate increase, with policymakers citing growing concerns that inflation is proving more persistent than expected. The move means higher borrowing costs for Australian households and businesses, and it follows a series of tightening steps aimed at bringing price growth back toward the bank's target.

The Reserve Bank of Australia has raised interest rates for the fourth consecutive time, moving to curb inflation that policymakers had warned was building. The decision signals the central bank's concern that price pressures are proving more persistent than expected. It adds to a global pattern of aggressive monetary tightening, and households and businesses face further pressure on mortgages and borrowing costs.

Australia's central bank has lifted its key interest rate to the highest level in 15 years as it tries to bring inflation under control. The move makes borrowing more expensive for households and businesses, and signals policymakers remain willing to tighten further despite concerns about slowing economic growth and mounting pressure on mortgage holders.

Australia's central bank has raised interest rates to their highest level in 15 years and warned that further increases remain possible as it battles persistent inflation. Policymakers said more hikes are 'not off the table', keeping borrowers and markets on alert over the path of monetary policy.

Australia's central bank has raised its benchmark interest rate to its highest level in around 15 years, according to the Financial Times. The move means more expensive borrowing for Australian households and businesses, and is aimed at curbing inflation. Reactions so far focus on the pressure this adds to mortgages and the broader cost-of-living squeeze.

Australia's central bank has lifted interest rates to their highest level in 15 years, a move aimed at curbing persistent inflation. The decision means higher borrowing costs for households and businesses, and signals that policymakers remain willing to tighten further despite pressure on mortgage holders.

Australia's central bank has lifted its key interest rate to the highest level in 15 years in an effort to bring inflation under control. The move means higher borrowing costs for households and businesses, and it signals that policymakers remain determined to curb price growth despite the pressure on mortgage holders and the wider economy.

Australia's central bank, the Reserve Bank of Australia, has raised its cash rate to its highest level in 15 years, according to Reuters. The move means higher borrowing costs for Australian households and businesses, and signals the bank is still working to bring inflation back to target despite signs of economic slowing. Markets and economists will be watching for hints on whether further tightening is ahead.

The Reserve Bank of Australia has lifted its cash rate to 4.60%, up from 4.35% and in line with expectations. It is the first hike of this cycle, and markets and economists are watching for what the move signals about the bank's fight against persistent inflation and whether further tightening will follow.

Australia is being forced to rethink its dependence on the United States, according to DW News coverage drawing wide attention. The discussion centres on whether Washington remains a reliable security and strategic partner for Canberra, amid shifting global dynamics and questions over US commitments in the Indo-Pacific. The report has sparked debate about Australia's foreign policy direction and alternatives for its defence posture.

US Secretary of State Marco Rubio expressed frustration over the situation in Sudan after an official denied claims that the country rejected a ceasefire. The exchange highlights growing American impatience with parties to the conflict and uncertainty over diplomatic efforts to halt the fighting.

Reserve Bank of Australia Governor Michele Bullock has declared that the era of low interest rates is gone, warning Australians not to expect a return to the cheap borrowing conditions of recent years. Her remarks signal the central bank expects rates to stay higher for longer, drawing wide attention from homeowners and borrowers weighing the impact on mortgages and the wider economy.

Ukrainian forces carried out another series of precision strikes on Russian positions at an industrial site. Russian troops repeatedly returned to the facility even after being targeted, and similar activity was reported at a nearby grain elevator. The strikes are part of Kyiv's ongoing campaign to hit concentrated Russian positions and supply points along the front, repeatedly re-engaging targets that Moscow's forces continue to reuse.

Treasurer Jim Chalmers is defending his economic record ahead of the Reserve Bank of Australia's latest cash rate decision, in ongoing coverage from Canberra. The decision is being closely watched by households and businesses dealing with mortgage costs and inflation, with the opposition and minor parties including One Nation pressing the government over economic management.

Two of China's electric vehicle manufacturers have announced a deal, a sign that the country's crowded EV sector is beginning to consolidate. The New York Times reports the agreement comes as intensifying competition, price wars and overcapacity push China's auto industry toward mergers and consolidation.

The Reserve Bank of Australia is expected to lift the cash rate to 4.6%, which would make it the highest level since 2011. The anticipated hike points to continued efforts to curb inflation, and would add to cost-of-living pressures for Australian households and businesses with mortgages and loans.

Markets are gearing up for a packed economic calendar in the coming week. The U.S. jobs report heads the agenda, alongside inflation data from the United States, the Eurozone, Australia, South Korea and Tokyo. The Reserve Bank of Australia meets to set policy, and investors will also watch speeches from Federal Reserve, European Central Bank and Bank of England officials for clues on the direction of interest rates.

Consulting firm Bain & Co. says the global artificial intelligence industry must earn $6 trillion in annual revenue by 2031 to justify the massive capital being spent building data centers worldwide. The estimate highlights the enormous gap between AI infrastructure investment and the revenues companies currently generate, feeding debate over whether the AI spending boom is sustainable or a bubble in the making.

Chipmaker Advanced Micro Devices has agreed to acquire World Labs, the artificial intelligence startup founded by AI pioneer Fei-Fei Li, in a deal valued at $8.2 billion. The acquisition marks a major move by AMD into frontier AI research and signals intensifying competition among chipmakers to secure leading AI talent and technology. Li, a Stanford researcher known for her work on computer vision, founded World Labs to develop spatial intelligence systems.

Australian lawmakers have formally summoned the chief executives of OpenAI and Anthropic to appear before a parliamentary inquiry into artificial intelligence. The summons, reported by Al Jazeera, means the heads of the two leading AI companies must testify rather than attend voluntarily. It signals Australia's determination to scrutinise how advanced AI systems are developed and governed, and comes as governments worldwide weigh regulation of the fast-moving technology.

Australia is reportedly considering a new kind of 'unique alliance' with the European Union, according to DW News coverage. The report suggests Canberra is exploring closer institutional ties with Brussels beyond existing arrangements. Little detail is available beyond the claim itself, and it is not yet clear what form the proposed partnership would take or which policy areas it would cover.

China's population of artificial intelligence users is growing rapidly, with the generative AI industry expanding alongside it, according to a report from China Daily. The surge reflects accelerating adoption of AI chatbots, image generators and other generative tools among Chinese consumers and businesses, positioning the sector as a key driver of the country's technology ambitions.

The AI industry's conflicting positions are being scrutinized in both Washington and Silicon Valley, according to Axios. The report points to tensions between the industry's public warnings about AI risks and its aggressive push to build and deploy powerful systems, as well as companies' calls for regulation while lobbying against constraints. The contradictions are drawing attention as policymakers weigh new AI rules and tech leaders shape the debate.

The Council of the European Union has identified the first five projects of common interest for the European defence industry, a step meant to boost cooperation between member states' defence manufacturers and strengthen Europe's capacity to produce military equipment collectively. The move is part of broader EU efforts to deepen defence integration in response to security concerns on the continent.

Treasurer Jim Chalmers and Finance Minister Katy Gallagher are presenting Australia's final budget outcome, wrapping up the financial year's accounts. Attention is focused on the fiscal position ahead of an expected Reserve Bank of Australia interest rate rise, with the budget's state of repair likely to feed debate over whether further rate hikes are needed.

After the US Federal Reserve raised interest rates, attention is turning to whether the Reserve Bank of Australia will resume its own tightening cycle. Market watchers are speculating the RBA could restart hikes with a move in September, followed by another increase in November, as central banks worldwide continue battling inflation.

The opposition group Viet Tan accuses Vietnam of abducting an Australian and a Norwegian activist, claiming they were forcibly taken while abroad. The rights group is calling for their release and for international pressure on Hanoi. If confirmed, the case would fit a pattern of alleged transnational repression by Vietnamese authorities against overseas critics.

New US sanctions targeting Iran's aviation industry are disrupting flights, according to an analytical report that also examines how the ongoing conflict involving Iran is reshaping Gulf states' security strategies. The report highlights these states' reliance on the United States and the potential consequences for their future diplomatic and military ties.