WEBVTT - Headlines: RBA announces first rate cut since 2020

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<v Speaker 1>From the Daily Os. I'm Emma, I'm Billy. It's Tuesday,

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<v Speaker 1>the eighteenth of February. Here's what's making headlines this evening.

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<v Speaker 2>The Reserve Bank of Australia has lowered its cash rate

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<v Speaker 2>for the first time since November twenty twenty. The RBA

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<v Speaker 2>cut interest rates from four point three five percent to

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<v Speaker 2>four point one percent. It comes after Australia's central banks

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<v Speaker 2>started lifting interest rates in twenty twenty two to combat

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<v Speaker 2>high inflation. In a statement today, the RBA Board said

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<v Speaker 2>inflation has fallen substantially since the peak in twenty twenty two.

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<v Speaker 2>Treasure Jim Chalmers has confirmed the point twenty five percent

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<v Speaker 2>interest rate cut will be passed on to borrowers of

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<v Speaker 2>each of the big four banks, that's ain, Z, Combank,

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<v Speaker 2>NAB and Westpac.

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<v Speaker 1>Australia's most notorious pedophile, priest Gered Ridsdale, has died in prison,

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<v Speaker 1>aged ninety. The former Catholic priest was found guilty of

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<v Speaker 1>child abuse in nineteen ninety three. The offenses related to

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<v Speaker 1>seventy two individuals and took place in central and southwestern Victoria.

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<v Speaker 1>Over several decades, church leaders received multiple complaints about Ridsdale's

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<v Speaker 1>abuse who was moved across sixteen different parishes in the sixties,

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<v Speaker 1>seventies and eighties. During his more than thirty years behind bars,

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<v Speaker 1>Ridsdale was sentenced eight more times for hundreds of historic

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<v Speaker 1>child abuse charges, bringing his total sentence to forty years.

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<v Speaker 1>Victoria police brought a further sixty two charges against him

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<v Speaker 1>last year. It's understood the ninety year old died in

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<v Speaker 1>the medical unit of Port Phillip Prison west of Melbourne.

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<v Speaker 2>At least eighteen people have been injured after a passenger

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<v Speaker 2>plane flipped upside down at Toronto Airport. The Delta flight

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<v Speaker 2>was carrying eighty people when it touched down in heavy

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<v Speaker 2>wind and snow, lost control on the icy runway and overturned.

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<v Speaker 2>A statement from Delta Airlines said initial reports indicate there

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<v Speaker 2>are no fatalities and eighteen customers with injuries have been

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<v Speaker 2>transported to hospital. Our primary focus is taking care of

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<v Speaker 2>those impacted. The Meteorological Service of Canada recorded minus eight

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<v Speaker 2>degree temperatures and sixty kilometers per hour winds at Toronto

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<v Speaker 2>peace In International Airport around the time of the incident.

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<v Speaker 2>Delta said it has canceled flights to and from the

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<v Speaker 2>airport for the rest of the day.

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<v Speaker 1>And today's good news. Archaeologists have discovered a two thousand

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<v Speaker 1>year old basilica beneath a London office building. Researchers had

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<v Speaker 1>suspected Roman ruins may lie beneath the Commercial CBD building,

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<v Speaker 1>but it was unclear what condition they might be in.

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<v Speaker 1>The building owners opened the site for the Museum of

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<v Speaker 1>London to investigate, where they discovered quote massive foundations and

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<v Speaker 1>walls over ten meters long. The museum estimates the basilica

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<v Speaker 1>was built around eighty CE and would have served as

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<v Speaker 1>Roman London's political, judicial, commercial and social hub. It described

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<v Speaker 1>the find as one of London's most significant discoveries in

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<v Speaker 1>recent years. The team will now expand its exploration of

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<v Speaker 1>the site to investigate the remains further.

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

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<v Speaker 2>looking for something else to listen to, make sure you

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<v Speaker 2>catch up on today's deep dive on what the latest

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<v Speaker 2>polls tell us about the upcoming election in Australia.

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<v Speaker 1>We'll be back tomorrow morning with another deep dive, but

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<v Speaker 1>until then, have a good one.

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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 Calkotin 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 Torres

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<v Speaker 2>Strait 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.