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Reserve Bank of Australia chief Philip Lowe said the coronavirus is having a 'significant'effect' on the country's economy

NAB Slashes Fixed Mortgage Rates For Homeowners Amid Cost-Of-Living Pressures

Investor and owner-occupier interest-only fixed rates have been slashed by up to 0.65 percentage points, while owner-occupier principal and interest fixed rates have been lowered by up to 0.50 percentage points.

Qantas To Pay AU$120 Million In Fines For Selling Tickets On Cancelled Flights
Australia's largest airline had reached an agreement with the ACCC in May to implement a remediation program, agreeing to compensate nearly 86,000 customers who were affected by the airline's misleading conduct.
Coalition Rejects Government's Oct. 7 Commemoration Plan, Criticizes Albanese For Including Ceasefire
The Coalition's proposed motion focused on offering "words of comfort" and "words of recognition" to the victims of the Oct. 7 tragedy, whereas the Albanese government's motion took a broader approach, acknowledging the violence in Gaza and Lebanon.
RBA's Hauser Justifies Private Briefings, Says They Enhance Insight Into Financial Sector Dynamics
RBA Deputy Governor Andrew Hauser argued that a central bank needed to build strong bonds with business, unions, government organizations and the financial sector.
Israel Expands Offensive Against Hezbollah In South Lebanon
Israel ramped up its ground offensive against Hezbollah along Lebanon's southern coast on Tuesday, after deploying more troops in the country and urging civilians living near the Mediterranean to evacuate.

Will Tesla's Robotaxi Reveal Live Up To Hype?

After years of talking up Tesla's prowess on autonomous driving, Elon Musk is set to host Thursday a much-hyped robotaxi event amid a mix of anticipation and skepticism.

WAR IN UKRAINE

Ukrainian media have reported that six North Korean military officers were killed in a Ukrainian missile attack on Russian-occupied territory near Donetsk (pictured) on October 3

N. Korean Soldiers 'Highly Likely' Killed In Ukraine: Seoul

North Korean soldiers are likely fighting in Ukraine alongside Russian troops, with some believed already killed and more expected to be deployed, Seoul's defence minister said Tuesday.

Economy in Focus

China Stocks Rally Peters Out On Stimulus Worries Amid Asia Retreat
Mainland Chinese markets rallied Tuesday but were well off their morning highs, while Hong Kong tumbled as traders were left disappointed by a lack of detail on Beijing's raft of economic stimulus announced last month.
China To Flesh Out Economic Stimulus Plans After Bumper Rally
Australia Sees 29.3% Surge In Property Values As 200 Suburbs Join 'Million-Dollar Club': Report

More News

Australia Moves To Expand Antarctic Marine Park
Australia moved Tuesday to protect a swathe of ocean territory by expanding an Antarctic marine park that is home to penguins, seals, whales and the country's only two active volcanos.

Mission To Probe Smashed Asteroid Launches Despite Hurricane

Europe's Hera probe successfully launched Monday on a mission to inspect the damage done by a NASA spacecraft that smashed into an asteroid during the first test of Earth's planetary defences.