Thanks for joining us, we’ll be back soon with more live coverage. Here’s a quick recap:
- The Reserve Bank of Australia has cut the official cash rate for a third time this year: it’s going from 3.85 per cent to 3.6 per cent, and the big four banks have all pledged to pass on the cut in full to mortgage holders.
- The RBA also revised down its estimates for productivity by about one third, something the opposition was quick to seize on. Read more here from our team of expert writers.
- In other politics news, the Greens have been calling for the federal government to release the National Climate Risk Assessment, a report which it has delayed, before the government releases its next set of climate targets in September.
- Overseas, the leaders of 26 European nations have appealed to US President Donald Trump to defend their security interests at a key summit with his Russian counterpart Vladimir Putin later this week to discuss the war in Ukraine.
- Israeli forces killed at least 55 people across the Gaza Strip overnight, including people seeking humanitarian aid, according to local health officials.
- It comes as opposition leader Sussan Ley said today only the US can negotiate peace in the Middle East, and Australia’s recognition of a Palestinian state jeopardises this process. The Coalition has pledged to reverse Labor’s decision if re-elected.
- The chief executive of NBN Co says she expects Australia to climb up global broadband speed rankings after a major upgrade to the network next month.
- And tech giants Apple and Google have lost a landmark Federal Court trial, in a judgement that will likely reshape Australia’s digital app stores and potentially lead to one of the largest class action payouts in Australian history.
Have a great night!