Melbourne continues to cement its position as Australia's leading build-to-rent market, with approval granted for almost 800 new rental homes across two inner-city developments. Minister for Planning Sonya Kilkenny has signed off on the projects in Melbourne, delivering a combined 797 apartments in Docklands and Fitzroy.
Main construction works have officially started on the $535 million expansion of the Monash Medical Centre in Clayton, marking a major milestone in boosting healthcare capacity for Melbourne's south east. The Allan Labor Government says the project will help bring care closer to home and improve access to essential hospital services for growing communities.
A State Funeral for The Hon. Robert Ian Knowles AO will be held in Ballarat next week, recognising his decades of service to Victoria through parliament, health reform and community leadership. The service will take place at 10.30am on Friday 15 May at the Cathedral Church of Christ the King on Lydiard Street South and will be open to the public.
WASHINGTON (AP) – The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year, an unexpectedly aggressive outcome that would disappoint President Trump and suggests heightened concerns about persistent inflation.
SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk’s space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week.
TOKYO (AP) – The Bank of Japan raised its benchmark interest rate to 1% on Tuesday, citing challenges stemming from a weak Japanese yen and higher prices. The central bank’s increase in the uncollateralized overnight rate, by a quarter of a percentage point from 0.75%, puts it at a three-decade high.
EVIAN-LES-BAINS, France (AP) – Leaders at the Group of Seven summit on Wednesday threw their support behind U.S. President Donald Trump’s tentative agreement with Iran to open the Strait of Hormuz and extend a shaky ceasefire.
Senior U.S. officials on Wednesday read the memorandum of understanding with Iran to journalists after days of secrecy over what is in the document. The officials spoke on condition of anonymity to read the draft, which Iran has not released, ahead of a formal signing ceremony set for Friday.
The Group of Seven wrapped up three days of talks in the French Alps on Wednesday with discussions on the contentious future of artificial intelligence. Executives of leading AI companies, including OpenAI CEO Sam Altman, Google DeepMind CEO Demis Hassabis and Anthropic CEO Dario Amodei, attended discussions with U.S. President Donald Trump and other leaders.
NEW YORK (AP) – High oil and gasoline prices and energy supply problems won’t be solved overnight, despite an agreement to end the Iran war and open the Strait of Hormuz announced Sunday.


































































































































