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Albanese Faces Political Backlash as House Prices Slide Across Australia
Albanese government under fire as house prices fall in Brisbane, Adelaide, Perth, Sydney and Melbourne. Former adviser criticises tax policies; NAB warns of 10% drops ahead.
Australia’s Housing Market Slides 5% as NAB Slashes Forecast; Buyers Freeze
NAB forecasts Australian capital city house prices to fall 5% in 2026, with Sydney down 10% and Melbourne down 9%. Buyer activity has collapsed as sellers rush to list before prices slide further.
Jeff Bezos Backs $2.6B AI Startup Tackling Chip Material Shortage
Jeff Bezos backs CuspAI’s $450M Series B round at $2.6B valuation. The AI startup partners with Nvidia and Meta to discover chip materials, tackling gallium and rare element shortages.
Super El Niño Cuts 2026 Atlantic Hurricane Forecast to 9 Storms on August 3
Super El Niño weakens 2026 Atlantic hurricane season forecast to 9 storms. Climate Impact Company cuts outlook as warm Pacific waters suppress tropical activity through fall.
Pentagon General Warns He Lacks Forces to Defend Israel Amid Iran Conflict
U.S. European Command chief warns Pentagon he lacks sufficient naval forces to defend Israel from Iran without additional destroyer support amid escalating Middle East tensions.
ITR Filing Deadline July 31, 2026: No Extension Announced, 5.5 Crore Filed
July 31, 2026 is the last date to file ITR for salaried employees and pensioners. No extension announced. Late filing costs Rs 1,000-5,000 plus 1% monthly interest. 5.5 crore returns filed so far.
UEFA Vows World Cup Boycott Over FIFA’s $20B Private Equity Sale Plan
UEFA and 55 European nations threaten to boycott the World Cup and all FIFA competitions if FIFA proceeds with selling a 20% stake in World Cup commercial operations to private equity investors. Concacaf also rejected the plan.
Darwin Public Servant Charged With $18M NDIS Fraud on July 29
Darwin public servant Genevine Ebelebe charged with five offences including corruption over alleged $18M NDIS fraud scheme targeting vulnerable Australians.
US Walks Out on France at UN Security Council Over Human Rights Vote
US diplomats walked out during France’s UN remarks after voting against Volker Türk’s reappointment. The move marks a new low in US-France relations and reflects broader Trump administration tensions with European allies.