Speaker 1: From the Daily Os. I'm Sam Kazlowski.
Speaker 2: I'm belief it Simon the twenty.
Speaker 1: Fourth of July. Here's what's making headlines this evening.
Speaker 2: The Governor of the Reserve Bank of Australia says she
Speaker 2: is cautious about cutting interest rates without more evidence inflation
Speaker 2: has stabilized. While inflation is within the target range of
Speaker 2: two to three percent, currently sitting at two point four percent,
Speaker 2: Michelle Bullock is not guaranteeing that RBA will cut rates
Speaker 2: when it meets next month. Speaking in Sydney today, Governor
Speaker 2: Bullock said that RBA wants to make sure that inflation
Speaker 2: remains low and stable from here on in. Bullock noted
Speaker 2: a measured and gradual approach to monetary policy easing is appropriate.
Speaker 2: The Central Bank's decision not to lower rates earlier this
Speaker 2: month came as some surprise, going against the predictions of
Speaker 2: many economists.
Speaker 1: The government has introduced legislation to freeze taxes on draft beer.
Speaker 1: Under current processes, locally made and imported beer are subject
Speaker 1: to increase duties twice a year. This bi annual levy,
Speaker 1: known as the beer Excize, is adjusted in line with
Speaker 1: inflation and generally paid for by manufacturers and importers. However,
Speaker 1: these costs are often passed onto the consumers. Labour promised
Speaker 1: to pause the excis for two years to reduce the
Speaker 1: cost for venues and customers if it was re elected
Speaker 1: in May. In the lead up to the election, Prime
Speaker 1: Minister Anthony Alberanezi said freezing the excise on draft beer
Speaker 1: is a common sense measure that's good for beer drinkers,
Speaker 1: good for brewers and good for pubs. The proposal was
Speaker 1: introduced in the Lower House today.
Speaker 2: Several people have been injured and two civilians are dead
Speaker 2: as violent clashes continue to escalate at Thailand's border with Cambodia.
Speaker 2: Tensions have intensified in recent months over a long standing
Speaker 2: land dispute, with both countries increasing their military presence at
Speaker 2: the border. At least two ties civilians were reportedly killed
Speaker 2: by cross border shelling this week, prompting the evacuation of
Speaker 2: thousands of Thai citizens from border villagers. Thailand's embassy has
Speaker 2: told its citizens to leave Cambodia immediately, while both nations
Speaker 2: have now recalled their ambassadors. According to Cambodian media reports,
Speaker 2: Thai forces have bombarded to local provinces. Each country is
Speaker 2: accusing the other of unprovoked.
Speaker 1: Attacks, and some good news for your Thursday. Archaeologists have
Speaker 1: located the wreckage of a missing eighty three year old
Speaker 1: Japanese warship, The one hundred and thirty four meter destroyer
Speaker 1: known as the Taruzuki, sank off the Solomon Islands during
Speaker 1: World War II. The exact site of the wreckage was unknown. However,
Speaker 1: a joint research collaboration between several institutions, including the University
Speaker 1: of New Hampshire and Kyodo University, has now found it. Tirezuki,
Speaker 1: which translates to Shining Moon, is resting nearly eight hundred
Speaker 1: meters below the surface. That's according to the fire from
Speaker 1: a recent research exploration trip. Officials say the ship is
Speaker 1: in excellent condition considering its age. Marine archaeologist Phil Hartemeier
Speaker 1: was involved in the discovery, and he said only by
Speaker 1: exploring our planet's unknown waters can these significant stories of
Speaker 1: sacrifice and human connection to our ocean be brought to light.
Speaker 2: That's the latest from the Daily Oz newsroom. If you're
Speaker 2: looking for something else to listen to, check out today's
Speaker 2: deep dive on the latest on the AID killings in Gaza.
Speaker 1: We'll be back tomorrow with another deep dive, but until then,
Speaker 1: enjoy your evening.
Speaker 2: My name is Lily Maddon and I'm a proud Arunda
Speaker 2: Bunjelung Caalguttin woman from Gadigol Country. The Daily oz acknowledges
Speaker 2: that this podcast is recorded on the lands of the
Speaker 2: Gadighl people and pays respect to all Aboriginal and torres
Speaker 2: Rate island and nations. We pay our respects to the
Speaker 2: first peoples of these countries, both past and present.