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House prices head for historic 10% drop as fourth interest rate hike looms

Cotality data reveals property prices are now falling in more than 90% of Australian suburbs, while analysts expect market downturn to continueGet our breaking news email, free app or daily news podcastThe prospect of the steepest property market downturn in history will not stop the Reserve Bank from delivering a fourth interest rate hike as it battles to bring inflation back under control, economists say.New data from Cotality revealed house prices are now falling in more than 90% of Australian suburbs, amid a perfect storm of higher borrowing costs, a weak economy, and a once-in-a-generation change in the tax treatment of property investors. Continue reading...

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Macquarie University swaps in-person psychology classes with AI chatbot for two subjects

University’s move is part of trend that critics within academia say will lead to further staff cuts and the loss of ‘everything that makes the job worth doing’An Australian university has swapped in-person classes with an AI chatbot, online quizzes and optional online tutorials in two subjects as institutions give the technology more teaching responsibilities.Macquarie University’s “Virtual Peer” is part of each week’s learning in two mandatory Psychology units, programmed to ask students questions and guide them through scenario-based exercises. Continue reading...

Inside knowledge or ‘making stuff up’? Charles Perrottet’s advice to Jean Nassif put under microscope by Icac

Brother of former treasurer and premier faces questions about texts that appear to indicate he was aware of fast-tracking policy before it was announcedGet our breaking news email, free app or daily news podcastDid the former premier’s brother, Charles Perrottet, have prior knowledge of a Covid-era New South Wales government policy to introduce a fast track to approve major developments?Did he take steps to ensure that developments owned by the fugitive developer, Jean Nassif, were successful through the fast track? Continue reading...

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German police investigating reported explosives at Brandenburg power substation – Europe live

Police responding to explosives reported in Turnow-Preilack, near the coal-fired Jänschwalde power plantOver in Brussels, the European Commission is just starting its first midday briefing of the autumn.It opens with an announcement that Commission president Ursula von der Leyen will receive Nato’s Mark Rutte tomorrow. This comes amid growing scrutiny of Russia’s activities on the eastern flank. Continue reading...

‘Start being serious’: Canada’s Carney hits back at US officials as tariff talks stall – live

PM Mark Carney responds to US officials who blame Canada for trade war; Jamieson Greer says trade tension with Canada is ‘more their emergency than ours’Sign up for the US Breaking News emailDemocratic senator Chuck Schumer is introducing a bill that would reverse Donald Trump’s most recent tariffs, among them the new %50 duty on Canadian goods, MS Now reported.While the Senate minority leader’s proposed legislation has virtually no chance of becoming law, Schumer hopes that his proposal shows that Democrats are actively fighting the affordability crisis. Schumer first shared his proposed legislation with MS Now. Continue reading...