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Australia's Unemployment Rate Hits 4.2% Despite Adding 58,000 Jobs In July

Based on the data from the Australian Bureau of Statistics (ABS), the market added more than 58,000 jobs in July, mostly in full-time roles, but the number of those who were unemployed grew by 24,000, which lifted the participation rate to a record high of 67.1%.

SEEK Reports 20% Drop In Job Advertisements, Forecasts More Decline
RBA Deputy Governor Advises Patience On Rate Decisions, Cautions Against Premature Predictions

Federal Government Guarantees Bookings For Rex Customers Amid Administration
Administrator Sam Freeman said more than more than 20,000 passengers flew Rex in the first week of administration, adding that only the capital city routes serviced by Boeing 737s have been grounded.
Independent MP Tells Coalition Leader To Stop Being 'Racist' Amid Debate Over Gaza Refugees
Australia has accepted nearly 3,000 visa applications from Palestinians in Gaza or the West Bank, while rejecting 7,000, Home Affairs Minister Tony Burke said.
Gazans Lose Tens Of Thousands In War, But Have Few Chances To Mourn
Once a day, Umm Omar picks up the phone and calls her late husband, humouring their four-year-old daughter who does not understand yet her father was killed early in the Gaza war.
Bangladesh Mob, Vowing To 'Guard Revolution', Beats Ex-PM's Supporters
Mobs vowing to guard Bangladesh's student-led revolution roamed the site of a planned rally for ousted premier Sheikh Hasina on Thursday, beating up some of her suspected supporters with bamboo rods and pipes.

UK Growth Slows Slightly In Second Quarter

Britain's economy grew 0.6 percent in the April-June period, a slight slowdown compared with the first three months of the year, official data showed on Thursday.

WAR IN UKRAINE

Around 10 blindfolded and bound men in Russian military fatigues being driven in a military vehicle away from the border crossing in the direction of the city of Sumy

Ukraine Claims New Advances In Russia Incursion

Ukraine said Tuesday that its troops had advanced further into Russia's Kursk region and now control 74 settlements after launching a surprise cross-border incursion a week ago.

Economy in Focus

Australia's Public Sector Pay Hike Reaches 3.9%, Fastest Growth Since 2010
In the June quarter, the pay for public servants was raised by 0.9% and in March by 0.6%, contributing to a 3.9% increase in the past one year.
Asian Stocks Build On Gains Ahead Of US Inflation Data
Climate Change Risk Stirs Oil Market

More News

Government Plans For Partial Gambling Ad Ban Amid Calls For Comprehensive Reform
Despite sweeping support for the reforms, the government is planning on a partial ban for the time being, which critics argue would fall short of addressing the issue effectively.