Reserve Bank of Australia Lowers Cash Rate to 3.60 Percent
The Reserve Bank of Australia cut its benchmark interest rate by 25 basis points to 3.60 percent Tuesday, marking the third reduction this year as inflation continues to fall toward the central bank's target range.
New Zealand to Consider Palestinian Statehood Recognition in September Amid Green Party Criticism
The New Zealand government announced it will formally consider recognizing Palestinian statehood in September, prompting sharp criticism from Green Party co-leader Chlöe Swarbrick, who called the move insufficient and demanded immediate action.
Chinese Warship Collides with Own Coast Guard Vessel While Pursuing Philippine Boat in South China Sea
A Chinese warship crashed into one of its own coast guard vessels Monday while pursuing a Philippine patrol boat near the contested Scarborough Shoal, Philippine officials said, releasing dramatic video footage showing the Chinese vessel's bow completely caved in from the collision.
Australia-Israel Diplomatic Rift Deepens Over Palestinian Statehood
Australian Prime Minister Anthony Albanese revealed Tuesday he confronted Israeli Prime Minister Benjamin Netanyahu last week over Israel's military strategy in Gaza, marking a significant deterioration in bilateral relations as Australia prepares to recognize Palestinian statehood at the United Nations next month.
Australia Announces Recognition of Palestinian State Despite Strong Israeli Opposition
Australia announced Monday its intention to recognize Palestinian statehood at next month's United Nations General Assembly, breaking from decades of bipartisan policy and drawing sharp criticism from Jewish community leaders who called the decision a "reward for Palestinian violence."
Opposition Criticizes Government's Palestinian Recognition Plan Over Unmet Preconditions
Australian opposition leaders criticized the government's plan to recognize Palestinian statehood Tuesday, arguing essential preconditions remain unmet and warning the decision puts Australia at odds with its most important ally.
Australian PM Announces Palestine Recognition Despite Israeli Opposition
Australia will formally recognize Palestinian statehood at the United Nations General Assembly in September, Prime Minister Anthony Albanese announced Monday, marking a historic shift in the nation's Middle East policy amid ongoing conflict in Gaza.