In this bulletin, the Reserve Bank signals another interest rate rise could be on the way; a swimmer missing after a shark attack at a popular Perth beach; and in sport, the countdown is on to the Sharks' do-or-die semi-final against the Roosters.
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TRANSCRIPT
- The Reserve Bank signals another interest rate rise could be on the way
- A swimmer is missing after a shark attack at a popular Perth beach
- The countdown is on to the Sharks' do-or-die semi-final against the Roosters
Expectations of another interest rate rise are surging after Reserve Bank Governor Michele Bullock warned the risks of inflation are increasingly on the upside.
Ms Bullock has been appearing before a parliamentary hearing today, ahead of the Reserve Bank board's next interest rate decision later this month.
She says inflation remains too high, with persistent global supply shocks making it harder for the bank to simply look through price pressures.
The Governor says the risks facing the inflation outlook are becoming increasingly one-sided.
"The risks are actually skewed to the upside in terms of inflation at the moment part of that is the worries about inflation expectations part it is the shocks coming down the supply shocks coming down stream at us not only from the middle east but also from weather related events and the demand things the risks all seem to be sitting on that upside there."
Financial markets are now pricing in a 95 per cent chance of another rate rise when the Reserve Bank board meets later this month.
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A man is feared dead after a suspected shark attack at Sorrento Beach in Perth's northern suburbs.
Emergency services were called to the beach this morning after reports of a swimmer in distress.
Witnesses say two men had been swimming when the attack occurred, but only one returned to shore.
The beach has been closed while authorities respond to the incident.
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At least 49 people have died in southern Nigeria after consuming a drink suspected of containing the toxic alcohol methanol.
Around 100 others are being treated, with officials saying 182 people are believed to have been affected across two areas of Ondo state.
Residents say a locally made herbal alcoholic drink known as Monkey Tail may be responsible, but authorities are still investigating the source of the poisoning.
Thirty-two-year-old Gbenga Oluwaseun says he lost consciousness after becoming ill.
“I just took off my shoe and lay down on the bed. I started feeling my chest beating fast. So, I called one or two people. I tried to open the door... even while they bringing me, I was unconscious."
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The United Nations chief has warned deep global divisions are creating a growing culture of impunity as world leaders prepare to gather in New York.
António Guterres says conflicts in Ukraine and the Middle East are exposing the inability of the UN Security Council to act when major powers are involved.
The General Assembly represents 193 member nations, with a growing list of wars and international crises on the agenda.
Mr Guterres says violations of international law by powerful countries are setting a dangerous example.
"We have huge geopolitical divides and the Security Council is paralysed and we have systematic violations of international law, some of them by members of the security council, that obviously creates an environment of impunity because many countries say if superpowers can violate the law, why can't we?"
The General Debate begins in two days.
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Australia's spy chief is warning China is preparing the capability to shut down critical infrastructure in the event of a conflict.
ASIO Director-General Mike Burgess says Chinese hackers are targeting Australian power and telecommunications networks.
He says the activity is aimed at developing the ability to switch those networks off if needed during a future conflict.
Mr Burgess has stressed there is no indication it will happen any time soon but says China remains Australia's principal security concern.
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A Tasmanian devil with a taste for freedom is back behind bars after her great escape from a Gold Coast wildlife park.
Two-year-old Mary went on the run in June after making an abnormally large leap out of her enclosure.
She spent more than two weeks giving search crews the slip, evading sniffer dogs, thermal drones and traps before being found in bushland nearby.
Three months later, Mary is back on public display and her enclosure has had an upgrade to make sure her next adventure stays on the inside.
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And in sport,
The countdown is on to tomorrow night's do-or-die NRL semi-final between Cronulla and the Sydney Roosters.
The Roosters have beaten the Sharks twice this season, while Cronulla kept their premiership hopes alive with last weekend's win over North Queensland.
Sharks winger Sione Katoa is in red-hot form, scoring seven tries in his past four games, while Roosters star Angus Crichton is on track to return from a foot injury.
Cronulla coach Craig Fitzgibbon says a vocal Sharks crowd could make a difference.
"It certainly doesn't hurt - the fans will be noisy if you're playing well, it doesn't matter how many you've got but you've got to be performing to make sure that they're nice and noisy for you - but we feel the support immensely in the shire and having them out there to know they'll be vocal for us is definitely an asset but we want to perform for them as well."
