RBA interest rates: Reserve Bank hikes official cash rate to 4.35% in blow to mortgage holders 05. May 2026 (07:16) Reserve Bank of Australia raises rates for third consecutive meeting, lifting them to early-2025 levelsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastUse our loan calculator to see how rate hikes could affect you The Reserve Bank has delivered a third straight interest rate hike to contain growing inflationary pressures linked to higher fuel prices, even as it warned the Iranian war would deliver a major blow to the economy.The widely expected decision to lift the cash rate to 4.35% from 4.1% comes as the central bank revealed a gloomy new set of forecasts that showed intensifying cost-of-living pressures alongside weaker growth. Continue reading...(The Guardian)
Google DeepMind workers in UK vote to unionize amid deal with US military 05. May 2026 (07:05) Exclusive: Worker pointed to Iran war and Pentagon’s Anthropic feud as indications the department is ‘not a responsible partner’Workers developing Google’s artificial intelligence products in the UK have voted to unionize, in part out of concerns about a deal between the company and the US military that was announced last week.In a letter slated to go to management on Tuesday and shared exclusively with the Guardian, workers at Google DeepMind, the company’s AI research laboratory, requested recognition of the Communication Workers Union and Unite the Union as joint representatives of the lab’s UK-based staff. Continue reading...(The Guardian)