Speaker 1: Hello, and welcome to the update. I'm Michelle Stevenson. Well
Speaker 1: The Treasurer has welcomed a below expected inflation rate, but
Speaker 1: admits there is still work to do to ease cost
Speaker 1: of living pressures. According to the ABS, underlying inflation remained
Speaker 1: pretty flat at three point six percent, reducing the chance
Speaker 1: of an interest rate rise. At the RBA's August meeting,
Speaker 1: Jim Chalmers says he won't get carried away with one
Speaker 1: set of data.
Speaker 2: Though people are still under pressure. We know that inflation
Speaker 2: is still higher than we would like it to be.
Speaker 2: We know that the war in the Middle East and
Speaker 2: the uncertain developments even in the last couple of weeks
Speaker 2: risks that outlook as well. But in the circumstances that
Speaker 2: we find ourselves in, these numbers today are encouraging.
Speaker 1: The opposition argues Australia's inflation is still too high despite
Speaker 1: lower than expected CPI data. Shadow treasure At Tim Wilson
Speaker 1: says we shouldn't really be focusing on that headline figure.
Speaker 3: The challenge for Australia and our inflation problem now is
Speaker 3: if you remove the Iran conflict, inflation would persist because
Speaker 3: government spending is driving Australia's inflation problem.
Speaker 1: One nation is under pressure to lodge three years of
Speaker 1: financial documents or the Office of Fair Trading will launch
Speaker 1: an investigation. The minor party has until August eighteen to
Speaker 1: submit its audit at financial statements. It's already handed over
Speaker 1: three years of missing annual returns. Well, the nation's Chief
Speaker 1: vet has confirmed Australia's first cases of local transmission of
Speaker 1: bird flu. Eleven news suspected cases have been identified across
Speaker 1: a coastal South Australia and Kangaroo Island. Today they've been
Speaker 1: center for CSIRO testing. Chief Vettery Officer Beth Cookson says
Speaker 1: it is likely we'll see more cases and deaths among
Speaker 1: local wildlife.
Speaker 4: This news of some local transmission may mean we start
Speaker 4: to see wider spread among wild birds and other susceptible wildlife.
Speaker 4: We do know from the overseas experience that once the
Speaker 4: virus becomes more white spread in wild bird populations, it
Speaker 4: will not be possible to avoid losses in susceptible wildlife
Speaker 4: in the natural environment.
Speaker 1: Well experts say extreme weather overseas could spell danger for
Speaker 1: our upcoming bush fire season. Wild Fires are burning across
Speaker 1: Europe and North America, forcing the evacuation of hundreds of
Speaker 1: thousands of people. An El Nino weather system in the
Speaker 1: Pacific could bring warm attempts and reduce rainfall for much
Speaker 1: of Australia. And Quanas has made aviation history after completing
Speaker 1: what is believed to be the longest NonStop flight on record.
Speaker 1: The test flight landed in France after flying for all
Speaker 1: the twenty four hours from Melbourne. As part of preparations
Speaker 1: for direct to Sydney to London routes sick Rounds for
Speaker 1: Entertainment to next just Born and Chrius Hewett will potentially
Speaker 1: face top ranked Ozzie Alex Demonor in round two of
Speaker 1: the Washington Open, the seventeen year old son of Leyton
Speaker 1: winning his first match on the ATP to rocketing two
Speaker 1: hundred and fifty places up at the world rankings and
Speaker 1: Australia's wonder record equally twenty eighth gold medal in the pool,
Speaker 1: taking out the mixed four by one hundred meter metal relay.
Speaker 1: In Your Entertainment News Now in Kim Kardashian was spotted
Speaker 1: dressed all in white looking pretty somber at her late
Speaker 1: grandmother's celebration of life. The ralthy star, joining the rest
Speaker 1: of her Morning a family to honor the ninety one
Speaker 1: year old, the Prince and Princess of Wales have shared
Speaker 1: a snapshot of their summer holidays. He is to post
Speaker 1: featuring a candid pick of William and Kate with their
Speaker 1: three children. And while there is a tight race for
Speaker 1: the number one spot on the Billboard Charts this week,
Speaker 1: Olivia Rodrigo, Morgan Wallan, Ala Langley and Charlie XX are
Speaker 1: battling it out for pole position, with just six thousand
Speaker 1: units separating them. That's the latest from the Never Podcast.
Speaker 1: News Tim, I'll have another episode of the Update for
Speaker 1: you tomorrow. I'm Michelle Stevenson.