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Australia's central bank has lifted its key interest rate to the highest level in 15 years as it tries to bring inflation under control. The move makes borrowing more expensive for households and businesses, and signals policymakers remain willing to tighten further despite concerns about slowing economic growth and mounting pressure on mortgage holders.

China has expanded overseas travel restrictions on leading AI professionals working at private companies, now covering the family members of key personnel. The move is seen as part of Beijing's effort to prevent the loss of critical AI talent and know-how amid intensifying technology competition with the United States and other rivals.

A senior Ukrainian commander says its forces are advancing on a key eastern battlefield, according to Reuters. The claim comes as fighting remains intense along the front in Ukraine's east, where both sides have sought gains. Details on the location and scale of the advance were not provided, and Russia has not commented on the reported movement.

The European Central Bank is looking at creating new currency safety nets as part of an effort to strengthen the euro's standing in the global financial system. The reported plans would aim to make the euro a more attractive alternative to the US dollar, but details of the measures and their timeline remain limited so far.

Australia's central bank has lifted its key interest rate to the highest level in 15 years in an effort to bring inflation under control. The move means higher borrowing costs for households and businesses, and it signals that policymakers remain determined to curb price growth despite the pressure on mortgage holders and the wider economy.

The Reserve Bank of Australia is expected to resume raising its key interest rate, with policymakers' patience over stubborn inflation wearing thin. Bloomberg reports the central bank is poised to tighten again as price pressures prove more persistent than hoped, a move that would add to borrowing costs for Australian households and businesses.

Bank of England Deputy Governor Dave Ramsden said there would be a case for raising the key interest rate if inflationary pressures build in the UK economy. His comments signal that policymakers remain alert to upside risks to inflation even as rates stand at elevated levels, and come as investors and businesses watch closely for hints on the timing of the Bank's next move.

Democrats say they will open investigations into lucrative business deals involving Donald Trump and his family if they win control of Congress in the November midterm elections. The pledge, reported by Reuters, signals that oversight of the former president's finances would become a priority should the party take committee power, setting up potential confrontations over conflicts of interest and foreign payments.

The Reserve Bank of Australia meets tomorrow for the sixth time this year, with both financial markets and economists viewing an interest rate rise as almost certain. Attention is turning to how many further increases may follow as the bank continues trying to curb inflation, and what that will mean for mortgage holders and borrowers.

Canadian politician Mark Carney said he cannot guarantee that India will no longer be involved in crimes in Canada. The comment, reported by the National Post, touches on the ongoing diplomatic tensions between Ottawa and New Delhi, which have included Canadian allegations of Indian government involvement in criminal activity on Canadian soil. The remark is drawing attention to how Canada plans to manage relations with India.

The United States and China are reportedly exploring a package of tariff relief worth around US$60 billion, covering a range of goods affected by their ongoing trade disputes. Semiconductors, however, remain excluded from any potential easing, with both sides keeping chip-related restrictions firmly in place amid continued strategic competition over the semiconductor industry.

Japan is partially turning off the tap of decades of cheap money, moving to support the yen after prolonged currency weakness. The shift in monetary policy is being framed as an effort to defend the currency, with coverage suggesting Washington's position — described as an 'American friend' — played a supporting role in Tokyo's decision to rein in ultra-loose policy.

Europe and NATO are stepping up preparations for a possible broader confrontation with Russia, moving beyond the assumption that the war will remain confined to Ukraine. The concern driving the discussion is that Moscow's aggression could spill into NATO territory, prompting European governments to expand defence spending, readiness planning and military stockpiles in case the conflict widens.

The United States and Iran are both signalling that they are prepared either to enter negotiations or to move toward potential military confrontation. Officials on both sides appear to be keeping military pressure and diplomatic channels open at the same time, leaving the direction of the standoff uncertain as tensions over Iran's nuclear programme continue.

New York and New Jersey have declared states of emergency as a Nor'easter storm sweeps the region, forcing cancellations of events and disrupting travel. Officials are urging residents to stay off the roads as heavy snow, coastal flooding and strong winds batter the area. The storm is one of the most significant weather events to hit the Northeast recently, and residents are being told to prepare for extended disruptions.

Some Russian families who lost sons fighting in Ukraine say they still support the war effort and want Russia to keep fighting, according to a New York Times report. Their stance highlights how grief has not translated into opposition to the Kremlin's invasion, complicating Western assumptions that mounting casualties will erode domestic support in Russia.

EU-backed reconstruction in Ukraine is drawing private investment mainly to profitable sectors and areas, rather than to the most heavily damaged regions, EUobserver reports. The report raises questions about whether recovery funding is reaching the places destroyed by war or simply following commercial returns.