SBS News In Depth Folgen

A big start to the business week with the US and the European Union announcing a major trade deal. Liz Maddock gets the latest on that from Hebe Chen, Market Analyst at Vantage Australia. And Laurie Lawira speaks to Chief CommSec Economist Ryan Felsman about the CommSec State of the States report.

The United States and European Union have reached a trade deal that will see the EU face 15 per cent tariffs on most of its exports to America. The deal prevents a Trans-Atlantic trade war that could have had a huge impact on the global economy. Announcing it at his Scottish golf resort, Donald Trump described it in glowing terms but experts say Europe is likely to take a hit.

As global outrage builds over Gaza’s deepening humanitarian crisis, Israel has announced a daily 10-hour pause in military operations to allow aid deliveries. It comes amid allegations it is weaponising starvation, which Israel denies. While the World Food Program welcomes the pause, it warns access must be sustained and scaled-up to meet urgent needs, as nearly half a million Gazans face famine-like conditions.