The Reserve Bank of Australia has raised its cash rate target to 4.85%, an increase of 25 basis points and the fifth rise of 2026. Using a mortgage calculator, a 25-year loan of $600,000 at 6.50% would cost about $94 more each month under the higher rate assumptions.
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Fox News saw its prime-time audience fall 28% to about 2 million viewers between September 28 and October 25, the network said, a drop CEO Lachlan Murdoch described as viewer fatigue rather than audience defections. Despite the ratings dip, Fox’s parent company reported stronger-than-expected quarterly revenue and record political advertising ahead of the US midterms.
A Swedish company backed by the Wallenberg family has disclosed plans to develop a wind farm located north of Perth. Key project details including capacity, timeline and partners have not yet been released, with approvals and grid connections likely to determine the proposal’s advance.
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