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In The Know: Joe Biden's cancer, RBA interest cut, Trump's Golden Dome, NSW floods, Washington DC shooting
In The Know: Joe Biden's cancer, RBA interest cut, Trump's Golden Dome, NSW floods, Washington DC shooting

Perth Now

time23-05-2025

  • Business
  • Perth Now

In The Know: Joe Biden's cancer, RBA interest cut, Trump's Golden Dome, NSW floods, Washington DC shooting

Joe Biden On Monday, it was revealed that former US President Joe Biden had been diagnosed with an 'aggressive form' of prostate cancer that had spread to his bones. The 82-year-old's office said, 'While this represents a more aggressive form of the disease, the cancer appears to be hormone-sensitive which allows for effective management.' Camera Icon Former US president Joe Biden has been diagnosed with an aggressive form of prostate cancer. Credit: AAP RBA interest rate cut The Reserve Bank of Australia lowered the cash rate by 0.25 percentage points to 3.85 per cent on Tuesday. The move would ease mortgage repayments for millions of homeowners, but finance guru Scott Pape — better known as the Barefoot Investor — said the cut would make it harder for young people to join the property ladder as house prices will rise in coming months. Camera Icon Housing affordability continues to deteriorate, threatening aspiring homeowners entry into the market. Credit: NewsWire Donald Trump's Golden Dome US President Donald Trump announced that he had selected a design for a 'Golden Dome' which aimed to create a network of satellites to detect, track and potentially intercept incoming missiles. The missile defence shield plan, that Trump said would 'protect our homeland', will cost AUD$273 billion and has garnered political scrutiny since he first ordered it in January. On Thursday, the Chinese government called for the dome to be scrapped, citing that it risked turning space into a 'war zone.' Camera Icon United States President Donald J Trump, accompanied by US Secretary of Defense Pete Hegseth, announces he has selected the path forward for his ambitious Golden Dome missile defense shield. Credit: Chris Kleponis - Pool via CNP / Sipa USA Shooting in Washington DC Two Israeli embassy officials, Yaron Lischinsky and Sarah Lynn Milgrim, were killed on Thursday in a shooting outside a Jewish museum in Washington DC. The suspect, Elias Rodriguez, accused of opening fire on a group leaving an event for young diplomats, was charged on Friday and was heard chanting 'Free Palestine' after being taken into custody. Camera Icon Rodriguez allegedly killed Yaron Lischinsky and Sarah Lynn Milgrim, a young couple about to become engaged to be married. Credit: DC shooting suspect charged with murder of Israeli aides NSW flood catastrophe Four people were confirmed dead, a fifth person was reported missing and 50,000 people were left trapped as a result of the floods wreaking havoc on the Mid North Coast of New South Wales. On Friday, Prime Minister Anthony Albanese urged people to listen to flood advice and follow it. 'Because tragically, we have seen four people lose their lives, three of which are associated with driving through flood waters,' he said. 'If it's flooded, forget it. We keep saying it. You can't tell what is underneath the water as you make these assessments, and it is just not worth people taking risks at this point in time.'

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