Coalitions splits, What now ?
Good Morning. And today's edition is packed with information on the recent splits in Australia's two main opposition parties, the Nationals and the Liberals, and the RBA's interest rate cut announcement.
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Today's reading time is 7 minutes. - Miko Santos
BREAKING: RBA Cuts Interest Rate to 3.85% as Housing Market Poised for Recovery
In a pivotal move that signals growing confidence in Australia's inflation fight, the Reserve Bank of Australia has lowered the cash rate by 25 basis points to 3.85%, marking the first rate cut since the pandemic era and potentially triggering a significant shift in the housing market landscape.
BREAKING : Historic Coalition Split: Nationals Break with Liberals Over Policy Principles as New Leadership Takes Charge
Without having to look back and attempt to reclaim significant policy pieces that impact the lives of those we represent, the National Party will sit alone on a principled basis. With these remarks, Nationals leader David Littleproud ends one of Australia's longest-running political alliances, the Liberal-National Coalition, which has led the country for over half of its contemporary democratic history.
Australia Pledges $4M for Fiji's HIV Response as Pacific Aid Reaches Record $2.1B
In an uncertain world increasingly threatened by climate change, Australia is reinforcing its commitment to Pacific partnerships with record development assistance and targeted health initiatives. Foreign Minister Penny Wong announced nearly $4 million in support for Fiji's HIV outbreak response during her recent Pacific visit, highlighting Australia's role as the "largest and most comprehensive development partner in the region."
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THE PART8A
Nuclear Power, Regional Funds, and Supermarkets: What Broke the Coalition?
In this episode of Part 8A podcast, we explore the significant political development of the National and Liberal Party coalition split in Australia.
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Business & Markets
➡️ Telstra Shares Surge 15% in 2025: Why Analysts Call It a Top ASX Defensive Pick. Telstra shares have risen 15% in 2025 (compared to just 1.7% for the ASX 200) as investors are attracted to its defensive earnings, superior mobile network coverage, ongoing share buyback program, and strategic AI investments aimed at reducing costs and improving customer experience.
➡️ Melbourne Ranks Fifth Globally for Business Event Delegate Attendance, Surpassing London and New York. Melbourne has established itself as Australia's premier business events destination, attracting more international delegates than any other Australian city in 2024, according to new data from the International Congress and Convention Association (ICCA).
➡️ Qantas and Virgin Australia Record Strong Profits Amid Limited Domestic Airline Competition, ACCC Reports. The ACCC's latest Domestic Airline Competition report reveals that Qantas Group earned $1.5 billion in the first half of 2024-25 while Virgin Australia achieved record profits, highlighting how reduced competition following Bonza's collapse and Rex's withdrawal has strengthened Australia's airline duopoly.
Politics & World Affairs
➡️ 23 Nations demand Israel resume aid to Gaza amid Humanitarian crisis. Australia and 22 other nations have issued a joint statement calling for Israel to immediately allow humanitarian aid into Gaza, where the population faces starvation after a two-month blockade of essential supplies.
➡️ UK Halts Israel Trade Talks as EU Reviews Relations Amid Gaza Humanitarian Crisis. The United Kingdom has paused trade negotiations with Israel and the European Union is reviewing its relationship with the country as international pressure intensifies over Israel's military operations in Gaza, where a humanitarian crisis has left thousands facing starvation despite recent limited aid deliveries.
➡️ Albanese to Make Second China Visit as Xi Jinping Seeks "Mature" Australia Relations. Prime Minister Anthony Albanese will make his second official visit to China later this year for high-level meetings with President Xi Jinping and Premier Li Qiang, marking a significant diplomatic development as Beijing seeks to build "more mature, stable and productive" relations with Australia amid evolving regional trade dynamics and US-China tensions.
AI & Technology
➡️ Google I/O 2025 Event Launches with Focus on AI and Developer Tools. Google has officially launched its annual I/O developer conference, showcasing the company's latest technological advancements across multiple platforms with a significant emphasis on artificial intelligence and developer productivity tools.
➡️ Google Launches NotebookLM Mobile Apps Ahead of I/O 2025 Conference. Google has officially released dedicated NotebookLM applications for Android and iOS mobile platforms, expanding access to its AI-powered note-taking and research assistant beyond desktop environments. The launch comes one day ahead of the company's annual Google I/O developer conference, where further details about the application may be revealed.
➡️ TikTok Expands Mental Health Initiatives with Meditation Features and $2.3M Fund TikTok has announced significant expansions to its mental health support framework, introducing in-app meditation features for all users and committing substantial financial resources to support mental health organizations globally through its Mental Health Education Fund.
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