Latest / NewsCard® Australia Daily News / Australia rate rise, petrol prices climb, India floods kill 56
Transcript
- [warm] This is NewsCard Daily for Tuesday September 29, 2026 ... the biggest stories from Australia and around the world in just minutes. [serious] We begin in Canberra where the federal budget deficit is about six billion dollars better than forecast. Higher tax receipts, including from superannuation investments, help improve the final result for the last financial year. But the figures also show spending is rising as a share of the economy ... keeping pressure on the government to control costs. — — [serious] Now to interest rates. The Reserve Bank is expected to lift the cash rate from four-point-two-five to four-point-six per cent ... the highest level in about fifteen years. For households, that could mean more than one hundred dollars extra each month on a typical mortgage. The move reflects stubborn inflation, but adds pressure to borrowers already facing higher living costs. — — [urgent] Across Australia, petrol prices are climbing sharply. The national average is now above two dollars and thirty-seven cents a litre, after rising more than ten cents in a week. Global supply disruptions are pushing up oil prices ... with the impact likely to flow through to transport, groceries and household budgets. — — [curious] In Western Australia, Perth’s City Beach is closed after a whale carcass washes ashore. Authorities are concerned the remains could attract sharks, so swimmers are being kept away while crews assess the situation. The closure is a reminder that marine life events can quickly create safety risks along popular beaches. — — [serious] Overseas in South Asia, at least fifty-six people have died in rain and storm-related incidents in India’s northern Uttar Pradesh state since Friday. Flooding and severe weather are disrupting communities across the region ... as emergency services work to reach those affected. — — [urgent] Meanwhile in the United States, security concerns are growing near a major air base used by American forces in Britain. UK police arrest five men on suspicion of terror offences after a reported incident nearby. Investigators are examining the threat ... while authorities reassure residents that inquiries remain under way. — — [warm] That’s NewsCard Daily. For more top stories and quick summaries that keep you informed in minutes, download NewsCard ... available in the App Store.