WEBVTT - Headlines: RBA rate cut and Coalition split

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<v Speaker 1>From the Daily Os. I'm Elliott, Lorie, I'm Sam Kazlowski.

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<v Speaker 1>It's Tuesday, the twentieth of May. 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 reduced the cash rate

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<v Speaker 2>to a two year low of three point eight five percent.

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<v Speaker 2>It comes after the Central Bank started to increase rates

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<v Speaker 2>for an extended period in twenty twenty two, and that

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<v Speaker 2>was to combat high inflation, which is rising prices. In

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<v Speaker 2>an update today, the IBA board said it's decided to

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

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<v Speaker 2>eight five percent. It noted inflation has fallen substantially and

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<v Speaker 2>continues to ease. It's the lowest the cash rate has

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<v Speaker 2>been since May of twenty twenty three. The next RBA

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<v Speaker 2>decision will be handed down in July.

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<v Speaker 1>The National Party has split from the Coalition, ending its

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<v Speaker 1>long standing alliance with the Liberal Party. The coalition was

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<v Speaker 1>formed in nineteen forty nine as a formal alliance between

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<v Speaker 1>the Liberal Andtional parties. If they win enough combined seats

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<v Speaker 1>in the House of Representatives, the two parties joined forces

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<v Speaker 1>to govern together. Earlier today, National's leader David Little Proud

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<v Speaker 1>announced the recent election has prompted a rethink from his party, saying, quote,

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<v Speaker 1>our party room will not be re entering a coalition

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<v Speaker 1>agreement with a Liberal party. He added, We've all broken

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<v Speaker 1>up in a relationship that's been important to us, and

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<v Speaker 1>very often you get back together with clearer clarity and

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<v Speaker 1>focus on what the relationship was about. That's how I'm

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<v Speaker 1>viewing this.

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<v Speaker 2>Quantas and Virgin have increased their earnings and market dominance

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<v Speaker 2>since the collapse of domestic airlines Bonza and re Rex.

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<v Speaker 2>That's according to the Agriable ce A. Statement by the

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<v Speaker 2>Atriable CEA reports that the Quantus group, which includes Jetstar,

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<v Speaker 2>has recorded strong financial results for the first half of

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<v Speaker 2>twenty four to twenty five. Agriable c Commissioner Annabraki said

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<v Speaker 2>increased profits quote reflect its dominance of the domestic airline sector,

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<v Speaker 2>with Quantus and Jetstar accounting for over sixty percent of passengers.

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<v Speaker 2>Jetstar is now the only low cost airline in Australia

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<v Speaker 2>since competitors Rex and Bondser have gone out of business.

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<v Speaker 2>Virgin Australia also achieved record profits and boosted passenger numbers

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<v Speaker 2>in the first half of this current financial year.

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<v Speaker 1>And today's good news another day, another good news story

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<v Speaker 1>from the world of chimps. This time it's that new

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<v Speaker 1>research has suggested wild chimpanzees share as similar mother infant

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<v Speaker 1>bond as humans. Findings published in the journal Nature have

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<v Speaker 1>detailed different attachment types of fifty wild chimpanzee infants aged

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<v Speaker 1>zero to ten. Researchers analyze the chimps' behavioral responses to

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<v Speaker 1>threatening events in nature, and the way chimps responded mimiced

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<v Speaker 1>human attachment patterns. For example, some chimps sought maternal closeness

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<v Speaker 1>while others displayed independence. The study supports the idea that

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<v Speaker 1>humans organized attachment types have adapted over a long evolutionary history.

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

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<v Speaker 2>looking for something else to listen to this afternoon, have

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<v Speaker 2>listened to today's Deep Dive. It's part two of our

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<v Speaker 2>new three part series investigating ozempic. This time we explore

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<v Speaker 2>the telehealth boom of weight loss medications to understand how

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<v Speaker 2>virtual clinics are reshaping prescribing practices. We'll speak to you

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<v Speaker 2>again tomorrow morning. My name is Lily Maddon and I'm

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<v Speaker 2>a proud Arunda Bungelung calcotin woman from Gadighl country. The

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<v Speaker 2>Daily oz acknowledges that this podcast is recorded on the

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<v Speaker 2>lands of the Gadighl people and pays respect to all

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<v Speaker 2>Aboriginal and Torres Strait island and nations.

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<v Speaker 1>We pay our respects to the first peoples of these countries,

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<v Speaker 1>both past and present.