SBS News In Depth Folgen

Around three million low-paid Australian workers are set to receive a pay rise after the Fair Work Commission lifted the national minimum wage and increased award wages above the current inflation rate. Ricardo Gonçalves speaks with Commonwealth Bank economist Harry Ottley about what the decision means for household budgets, inflation and the broader economy. Plus, the ASX 200 edged lower as retailers and shopping centre operators came under pressure following the wage decision, while technology stocks rallied and BHP hit another record high. Alice Shen, CFA from VanEck joins the podcast to unpack the day’s market moves and the influence of another strong session on Wall Street

Millions of Australian employees are set to receive a 4.75 per cent wage increase in July, after the Fair Work Commission handed down its annual wage review. Union groups have welcomed the figure, saying it will allow workers to get back on their feet. Business groups, on the other hand, say the move will worsen inflation and put too much pressure on businesses.

Lebanon says Hezbollah has accepted a US-backed proposal for a reciprocal halt to attacks with Israel, as the UN and world powers voice alarm over Israeli strikes in densely populated Beirut suburbs. The United Nations Security Council has held an emergency meeting over the escalation of Israel's military campaign in Lebanon, a day before Lebanon and Israel are to begin a fourth round of US-hosted direct negotiations.