Speaker 1: From the Daily Os. I'm Emma Gillespie, I'm Lucy Tassel.
Speaker 1: It's Tuesday, the twelfth of August. Here's what's making headlines
Speaker 1: this evening.
Speaker 2: The Reserve Bank of Australia has cut the cash rate
Speaker 2: to three point six percent, down from three point eighty
Speaker 2: five percent. The cash rate is what the RBA charges
Speaker 2: banks for short term loans. It affects how much interest
Speaker 2: banks charge customers on their loans, for example, mortgages, which
Speaker 2: is why the figure is also referred to as interest rates.
Speaker 2: The Central Bank called its decision to cut rates by
Speaker 2: twenty five points quote appropriate as it forecasts inflation will
Speaker 2: continue to moderate. However, the RBA said it remains cautious
Speaker 2: as quote uncertainty in the world economy remains elevated. It
Speaker 2: comes after last month's surprise decision to keep the cash
Speaker 2: rate on hold. At the time, the RBA said it
Speaker 2: needed to wait for a little more information.
Speaker 1: Has confirmed it will revoke Australia's recognition of Palestinian statehood
Speaker 1: if elected. The opposition said it has serious concerns with
Speaker 1: Prime Minister Anthony Alberanese's plan to recognize the state of
Speaker 1: Palestine at a meeting of the UN General Assembly next month.
Speaker 1: Opposition leader Susan Lee said recognizing Palestinian statehood quote without
Speaker 1: a proper peace process won't expedite the end of the conflict,
Speaker 1: deliver a two state solution, see the free flow of aid, support,
Speaker 1: the release of hostages, nor put an end to the
Speaker 1: terrorist group Hamas. Senior opposition figures have now agreed to
Speaker 1: oppose the government's decision and revoke it if the coalition
Speaker 1: forms government. Albanesi has defended Labour's plan and re emphasized
Speaker 1: the need to quote, isolate and disarm Hamas. He said
Speaker 1: the international community is saying enough is enough. We need
Speaker 1: to move forward, and Israelis and Palestinians will benefit from that.
Speaker 1: French President Emmanuel Macron has welcomed Albanesi's decision, which follows
Speaker 1: similar deaths larations by the UK and Canada.
Speaker 2: A Colombian presidential candidate shot during a political rally has
Speaker 2: died after two months in hospital. Senator Miguel Aribe, a
Speaker 2: member of a right wing party in Colombia, was shot
Speaker 2: in the head and leg at a campaign event in
Speaker 2: the capital of Bogata on the seventh of June. Doctors
Speaker 2: performed multiple surgeries on the thirty nine year old during
Speaker 2: his nine weeks in intensive care. However, Oribe's wife confirmed
Speaker 2: his death on Monday in a social media post, thanking
Speaker 2: her late husband for quote a life full of love
Speaker 2: and for being the best father. The alleged gunman, a
Speaker 2: fifteen year old boy, is among seven people who have
Speaker 2: been arrested in relation to the shooting. The teenager has
Speaker 2: pleaded not guilty to one count of attempted murder.
Speaker 1: And Today's Good News. A rubber duck race known as
Speaker 1: the Chicago ducky Darby has raised more than six hundred
Speaker 1: and sixty thousand Aussie dollars for Special Olympics Illinois. Than
Speaker 1: not for profit, it aims to quote transform the lives
Speaker 1: of people with intellectual disabilities, empowering them to realize their
Speaker 1: full potential in sports and in life. It's annual ducky
Speaker 1: Derby attracted more than eighty thousand participants this year, who
Speaker 1: each paid ten US dollars to adopt a rubber duck.
Speaker 1: Hunters watched their ducks being dumped into the Chicago River
Speaker 1: for the thirty minute race before each and everyone was
Speaker 1: collected by volunteers and staff Throughout the river. Once collected,
Speaker 1: the ducks are washed and packed up to head to
Speaker 1: their next derby. Special Olympics Illinois thanked everyone who quote
Speaker 1: adopted a duck, showed up, cheered loud, and helped us
Speaker 1: celebrate twenty years of racing for inclusion.
Speaker 2: That's the latest from the Daily oz newsroom. If you're
Speaker 2: looking for something else to listen to, you can check
Speaker 2: out today's deep dive on Australia's decision to recognize Palestinian statehood.
Speaker 1: We will be back tomorrow with another deep dive, but
Speaker 1: until then, have a wonderful evening.
Speaker 2: My name is Lily Maddon and I'm a proud Arunda
Speaker 2: Bunjelung Calkatin woman from Gadighl 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 torrest
Speaker 2: Rate island and nations. We pay our respects to the
Speaker 2: first peoples of these countries, both past and present.