Australian News LIVE: Inside the mushroom murderer court case, new Trump tariffs; rate cut decision looms
Latest posts
6.56am
Alex de Minaur's Wimbledon campaign ends in disappointment
By Marc McGowan
Australia's hopes of a Wimbledon win have been toppled after Australian Alex de Minaur's loss to Novak Djokovic.
With Roger Federer watching from the royal box, Australia's perennially underestimated tennis torchbearer returned to Wimbledon's centre court for the showdown he was supposed to have 12 months ago – and fell agonisingly short.
Read how it played out here.
6.47am
Are rate cuts coming? Australia awaits RBA decision
By Millie Muroi and Shane Wright
All eyes will be on the Reserve Bank this afternoon with RBA governor Michele Bullock expected to deliver its fastest cut in interest rates since the early days of the COVID-19 pandemic.
On a $600,000 mortgage, a rate cut on Tuesday would be worth $100 a month and take to $300 the monthly savings since the Reserve Bank started easing monetary policy in February.
However, not all economists are convinced the RBA will cut rates on Tuesday.
Betashares chief economist David Bassanese said the bank could wait until the next quarter inflation report, due to be released at the end of the month, to get a better handle on how the economy was performing.
Read our full story here.
6.38am
This morning's top stories at a glance
By Emily Kowal
Good morning and welcome to today's national news blog. My name is Emily Kowal, and I will be taking you through today's top stories.
It's Tuesday, July 8.
Here's what is making news this morning.
It's the case that gripped the world and now Erin Patterson has spent her first night behind bars after she was found guilty in the mushroom murder case. Our reporters take you inside the evidence we couldn't publish during the trial, including the moment Erin Patterson lost her cool, and where the unlikely murder weapon was found.
In the United States, US President Donald Trump has unveiled a raft of new 25 per cent tariffs. Find out which countries are impacted here.
It's (likely) rate cut day, with the Reserve Bank poised to deliver its fastest cut in interest rates since the early days of the COVID-19 pandemic.
NSW Police will drop some of the charges laid against former Greens candidate Hannah Thomas after a review found officers incorrectly sought to use extraordinary emergency powers introduced to quell major riots.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
West Australian
4 hours ago
- West Australian
EDITORIAL: After making good with China, Anthony Albanese must salvage the US relationship
That Anthony Albanese has managed to reset Australia's relationship with China is perhaps the great achievement of his prime ministership to date. It's worth reminding oneself just how bad things were between us and our largest trading partner just a few short years ago. Huge tariffs on agricultural products including barley, wine and cotton squeezed profit margins. De facto bans on beef, lobster and timber hit affected businesses hard. Coal exports to China fell from $13.7 billion in 2019 to virtually nothing the following year. Chinese ministers weren't taking taking calls from their Australian counterparts. When Mr Albanese eventually met with President Xi Jinping in Beijing in 2023, it ended a seven-year stint in the diplomatic deep freeze. Fast forward to 2025 and things are decidedly warmer. Trade again flows across borders unimpeded by tariffs. That has been welcome news for Australian exporters who have regained access to a hungry market and to Australians more broadly as benefits flow through the economy. Things aren't all rosy: China has shown it is still keen to flex its military muscles through ostentatious displays of strength. However relations at a ministerial level are vastly improved. Mr Albanese heads back to China on Saturday where he is expected to meet with President Xi for the fourth time. On the agenda will be a welcome conversation about broadened trade opportunities. However the Prime Minister's abundance of face time with President Xi brings into stark relief Australia's fraying relationship with the United States. Mr Albanese is yet to meet with Donald Trump, seven months after his inauguration as US President. And there is plenty the pair need to discuss. The 50 per cent tariffs on Australian steel and aluminium exports and 10 per cent tariffs on everything else. The Pentagon's 'review' of the AUKUS defence deal on which Australia has pinned its security hopes. US Defence Secretary Pete Hegseth's demands that Australia dramatically increase its military budget. While our relations with the US — our most important strategic ally — are undoubtedly at their lowest ebb in recent memory, they haven't hit the crisis point of our dealings with China. But it is close. Mr Albanese says he will keep trying to convince Mr Trump to carve out an exemption for Australian exporters. But he has also been quick to stress that the 10 per cent tariff on most Australian goods is equal to the best deal extended to any nation as Mr Trump pursues his isolationist trade agenda. In other words: don't hold your breath waiting for a better outcome. Mr Albanese and his ministers need to apply the same diplomatic dexterity used to rebuild Australia's relations with China to the ailing US relationship. The Chinese example shows that it can be done, without kowtowing or major concessions. Responsibility for the editorial comment is taken by Editor-in-Chief Christopher Dore.
Sky News AU
4 hours ago
- Sky News AU
Labor spends $1.5 million in taxpayer funds to attend climate change summit
Sky News host Paul Murray discusses a $1.5 million taxpayer bill, which sent 75 public servants to attend a UN climate change summit. 'Think like Chris Bowen here … how many people does it take to represent Australia at an international climate conference, that is in part sort of screwing over the Australian economy,' 'Perhaps a Zoom conference or a giant Microsoft Teams work would do.'
Sky News AU
5 hours ago
- Sky News AU
‘What a hero': Coast Guard savior rescues 165 people in devastating Texas floods
On tonight's episode of Paul Murray Live, Sky News host Paul Murray discusses the RBA holding the cash rate, and other stories, including the Queensland zoo lion attack, Trump's further tariff delays and the devastating Texas floods. 'There is no silver lining, but there is something I wanted to tell you about this story,' Mr Murray said. 'There's one bloke who works for the Coast Guard in the United States, he saved 165 people, not the team; he saved 165 people. 'What a hero.'
