The Coalition criticises the prime minister's AI plan, saying it risks creating more bureaucracy; concern over fuel prices with the escalation in tensions in the Strait of Hormuz; and fans celebrate after Spain advances to the World Cup final.
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TRANSCRIPT
- The Coalition criticises the prime minister's AI plan, saying it risks creating more bureaucracy
- Concern over fuel prices with the escalation in tensions in the Strait of Hormuz
- Fans celebrate after Spain advances to the World Cup final
Opposition Leader Angus Taylor says he is concerned that what he has heard of the government's plan to strengthen regulation of AI will lead to more bureaucracy and stifle business innovation.
Prime Minister Anthony Albanese is delivering a speech that outlines stricter regulation measures, including plans for a world-first national regulation framework for data centres.
Mr Taylor says AI is a great opportunity and the risks do need to be managed, but more bureaucracy must be avoided.
"We don't make the most of AI through more bureaucracy. We make sure we deploy it for our benefit as our country, making sure our national security is strengthened. Making sure our creators can continue to create knowing that have secure intellectual property rights. And making sure at the same time that small business - like the ones I was with today - can use of AI to strengthen their businesses, strengthen our economy. Strengthen prosperity in our country."
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Iran is firing missiles at Jordan and Bahrain after the United States launched a five-hour attack on Iranian targets, stepping up a battle for control of the Strait of Hormuz that has pushed up oil prices to four-week highs.
Iran's president Masoud Pezeshkian says Iran would continue to retaliate to protect its country in the ongoing war in the region with the US - leaving an interim peace deal in tatters.
Mr Pezeshkian told Iranian state television, Mr Trump's continued commentary and attacks on Iran would not be tolerated.
"They continue this language. But have they reached their goals on the ground? The people who wanted to turn Iran to pieces, what have they reached? We respond in action and protect what we believe in, every inch of our soil. The rude language they are using is worthy of themselves, not us."
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Economists say the risk of fuel price increases remains amid uncertainty over oil supplies moving through the Strait of Hormuz.
President Donald Trump has announced he is abandoning his plan from a day earlier to impose a 20 per cent fee on all Strait of Hormuz cargo shipping, as the US and Iran battle for control of the waterway.
Shane Oliver, from AMP Capital, has told SBS's On The Money, there is uncertainty about the continuity of global oil supply - and that impacts Australians.
"The reserves have already been heavily run down, and there's only so long if you keep running down reserves, then you run out. We've seen the Strait of Hormuz blocked on and off, but most of the time blocked, since the end of February. That has led to a huge rundown in global reserves, and, and we're getting towards the bottom of the barrel there. And so unless the strait reopens fairly soon, there is an increasing risk of a bigger hit to global economic activity, as a result of higher oil prices, but also as a result of, you know, increasing shortages of fuel."
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The Australian Museum is returning the remains of 17 ancestors to the Rapa Nui people of Easter Island.
It is one of the largest and most complex repatriations conducted by the museum, which had held onto the remains after they were removed from sacred burial sites in the 19th century.
The repatriation is the result of two years of sustained community consultation with Rapa Nui representatives, led by the museum's Pasifika and First Nations teams.
A ceremony is being held to mark the journey of the ancestors' remains home - departing from Sydney for Rapa Nui.
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And in football, members of the Spanish community in Australia have celebrated Spain's 2-nil win against France in the World Cup semi-final clash.
Mikel Oyarzabal scored from the penalty spot after a heady play by teenager Lamine Yamal, Pedro Porro added another goal to help Spain advance to its first World Cup final since winning in 2010.
SBS spoke fans from the Spanish community at a watch party in Sydney, who have expressed their joy in watching the tournament unfold together, as a community.
Male fan: "We have Lamine Yamal, we have Cubarsi, lots of players. The best ones.
Female voxie: I think I have a little bit of FOMO (Fear of Missing Out) of not being home but at the same time, I'm really proud that we have an amazing community and are actually watching this match together."
Argentina and England will meet in the next semi-final match tomorrow morning.
The winner of that match will face Spain in the finals on Monday.
And you can watch the games live on SBS and SBS On Demand. There is also extended coverage with our special World Cup podcast, the 90+.
