WEBVTT - Headlines: RBA cuts interest rates to 3.6%

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<v Speaker 1>From the Daily Os. I'm Emma Gillespie, I'm Lucy Tassel.

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<v Speaker 1>It's Tuesday, the twelfth of August. Here's what's making headlines

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<v Speaker 1>this evening.

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<v Speaker 2>The Reserve Bank of Australia has cut the cash rate

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<v Speaker 2>to three point six percent, down from three point eighty

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<v Speaker 2>five percent. The cash rate is what the RBA charges

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<v Speaker 2>banks for short term loans. It affects how much interest

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<v Speaker 2>banks charge customers on their loans, for example, mortgages, which

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<v Speaker 2>is why the figure is also referred to as interest rates.

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<v Speaker 2>The Central Bank called its decision to cut rates by

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<v Speaker 2>twenty five points quote appropriate as it forecasts inflation will

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<v Speaker 2>continue to moderate. However, the RBA said it remains cautious

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<v Speaker 2>as quote uncertainty in the world economy remains elevated. It

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<v Speaker 2>comes after last month's surprise decision to keep the cash

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<v Speaker 2>rate on hold. At the time, the RBA said it

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<v Speaker 2>needed to wait for a little more information.

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<v Speaker 1>Has confirmed it will revoke Australia's recognition of Palestinian statehood

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<v Speaker 1>if elected. The opposition said it has serious concerns with

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<v Speaker 1>Prime Minister Anthony Alberanese's plan to recognize the state of

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<v Speaker 1>Palestine at a meeting of the UN General Assembly next month.

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<v Speaker 1>Opposition leader Susan Lee said recognizing Palestinian statehood quote without

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<v Speaker 1>a proper peace process won't expedite the end of the conflict,

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<v Speaker 1>deliver a two state solution, see the free flow of aid, support,

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<v Speaker 1>the release of hostages, nor put an end to the

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<v Speaker 1>terrorist group Hamas. Senior opposition figures have now agreed to

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<v Speaker 1>oppose the government's decision and revoke it if the coalition

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<v Speaker 1>forms government. Albanesi has defended Labour's plan and re emphasized

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<v Speaker 1>the need to quote, isolate and disarm Hamas. He said

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<v Speaker 1>the international community is saying enough is enough. We need

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<v Speaker 1>to move forward, and Israelis and Palestinians will benefit from that.

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<v Speaker 1>French President Emmanuel Macron has welcomed Albanesi's decision, which follows

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<v Speaker 1>similar deaths larations by the UK and Canada.

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<v Speaker 2>A Colombian presidential candidate shot during a political rally has

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<v Speaker 2>died after two months in hospital. Senator Miguel Aribe, a

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<v Speaker 2>member of a right wing party in Colombia, was shot

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<v Speaker 2>in the head and leg at a campaign event in

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<v Speaker 2>the capital of Bogata on the seventh of June. Doctors

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<v Speaker 2>performed multiple surgeries on the thirty nine year old during

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<v Speaker 2>his nine weeks in intensive care. However, Oribe's wife confirmed

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<v Speaker 2>his death on Monday in a social media post, thanking

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<v Speaker 2>her late husband for quote a life full of love

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<v Speaker 2>and for being the best father. The alleged gunman, a

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<v Speaker 2>fifteen year old boy, is among seven people who have

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<v Speaker 2>been arrested in relation to the shooting. The teenager has

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<v Speaker 2>pleaded not guilty to one count of attempted murder.

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<v Speaker 1>And Today's Good News. A rubber duck race known as

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<v Speaker 1>the Chicago ducky Darby has raised more than six hundred

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<v Speaker 1>and sixty thousand Aussie dollars for Special Olympics Illinois. Than

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<v Speaker 1>not for profit, it aims to quote transform the lives

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<v Speaker 1>of people with intellectual disabilities, empowering them to realize their

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<v Speaker 1>full potential in sports and in life. It's annual ducky

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<v Speaker 1>Derby attracted more than eighty thousand participants this year, who

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<v Speaker 1>each paid ten US dollars to adopt a rubber duck.

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<v Speaker 1>Hunters watched their ducks being dumped into the Chicago River

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<v Speaker 1>for the thirty minute race before each and everyone was

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<v Speaker 1>collected by volunteers and staff Throughout the river. Once collected,

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<v Speaker 1>the ducks are washed and packed up to head to

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<v Speaker 1>their next derby. Special Olympics Illinois thanked everyone who quote

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<v Speaker 1>adopted a duck, showed up, cheered loud, and helped us

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<v Speaker 1>celebrate twenty years of racing for inclusion.

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<v Speaker 2>That's the latest from the Daily oz newsroom. If you're

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<v Speaker 2>looking for something else to listen to, you can check

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<v Speaker 2>out today's deep dive on Australia's decision to recognize Palestinian statehood.

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<v Speaker 1>We will be back tomorrow with another deep dive, but

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<v Speaker 1>until then, have a wonderful evening.

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<v Speaker 2>My name is Lily Maddon and I'm a proud Arunda

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<v Speaker 2>Bunjelung Calkatin woman from Gadighl Country. The Daily oz acknowledges

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<v Speaker 2>that this podcast is recorded on the lands of the

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<v Speaker 2>Gadighl people and pays respect to all Aboriginal and torrest

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<v Speaker 2>Rate island and nations. We pay our respects to the

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<v Speaker 2>first peoples of these countries, both past and present.