Rba

Jeffrey Mosteller pleaded no contest to charges relating to burning death of Thomas Cooper in MichiganA former safety manager has been sentenced to one year and seven months in prison in connection with the death of a five-year-old Michigan boy who was killed in a fiery January 2025 explosion inside a hyperbaric oxygen chamber.Jeffrey Mosteller, 66, received that sentence after pleading no contest to involuntary manslaughter in Oakland county circuit court in Michigan on Monday. Continue reading...

Firefighters hollowed out a dumpster truck and lifted a man from trash and debris after bystanders alerted driver to screamsSan Francisco fire officials manually hollowed out a garbage truck early on Wednesday to rescue a man trapped inside.Firefighters were dispatched around 4.11am after receiving a report of an individual stuck inside a Recology dumpster truck, authorities said. Continue reading...

• The Australian dollar reached its highest level since May as traders increased bets on potential interest rate hikes by the Reserve Bank of Australia (RBA). • In a separate industry shift, MUFG Pension & Market Services has entered into a binding scheme implementation deed to acquire the administration platform Grow. • This acquisition follows previous issues where HESTA members faced difficulties accessing retirement savings, prompting intervention from the financial regulator APRA.

• The Reserve Bank of Australia (RBA) has reduced its target share of US dollars within its foreign reserves portfolio by 10 percentage points for 2025. • This strategic shift occurs as major banks predict another interest rate hike may be necessary this year to manage economic pressures. • Separately, China's vice-finance minister pledged in late August to implement additional fiscal support measures following a loss of economic momentum in the third quarter.

Labor put ‘levy on all public transport fares in metropolitan Melbourne and regional Victoria’ since January 2025, auditor-general saysThe Victorian government secretly increased public transport fares to raise money to help pay for the Suburban Rail Loop and other Big Build projects, the state’s auditor-general has revealed.The auditor-general’s report, tabled in parliament on Wednesday, also questioned whether the first stage of the multibillion-dollar project – a 26km stretch of twin tunnels from Cheltenham to Box Hill dubbed SRL East – can be delivered on time or within budget. Continue reading...

Prize was eighth largest in Powerball history and followed three months without a top prize winnerA Powerball ticket sold at a gas station in western Illinois was the sole winner of the $1bn jackpot, ending a three-month drought without a top-prize victor.The ticket that won the jackpot on Wednesday night was purchased at a Hy-Vee station in Quincy, about 100 miles (160km) west of the state capital of Springfield along the Missouri border, Illinois Lottery officials said. The winning numbers were 4-26-66-67-69 with the Powerball number of 9. Continue reading...

When it comes to the Reserve Bank, there’s a whiff of a parent making a threat they have no intention of carrying outGet our breaking news email, free app or daily news podcastEvery parent makes threats in an effort to get their kids to behave – and every parent hopes they won’t have to follow through.Some (most?) parents even make threats they have zero intention of carrying out. Continue reading...