SBS News In Depth

SBS Finance Editor Ricardo Gonçalves speaks with Daniel Ives from Wedbush and Alex Pollak, CIO at Loftus Peak about the deteriorating relationship between Donald Trump and Elon Musk as Tesla's share price tumbled overnight, plus a look at the day's sharemarket moves including Virgin Australia's IPO with Heath Moss from HLM Investments.

Labor's changes to the way superannuation will be taxed has caused an uproar in parts of the community. The policy isn't new, so what's the big deal about it now? And what do the changes actually mean?

How Ukraine’s astonishing raid on Russian bombers has redefined the war, Israel’s tightening grip on the West Bank, and the rise of Karol Nawrocki—what the untested, right-wing political novice means for Poland, and Europe’s future. Plus, US Defence Secretary Pete Hegseth makes waves in Asia, and a billionaire bromance on the rocks.

Australian Muslims are marking the Eid al-Adha holiday, one of the two most important festivals of the Islamic calendar, gathering with friends and loved ones. Commemorating the willingness of Ibrahim, or Abraham, to sacrifice his son on God's command, Muslims mark the holiday by slaughtering animals such as sheep, goats and cows. The meat is then shared among family and friends and also donated to the poor.

The federal government has pledged $8.5 million dollars in grant funding to launch a new school in the northwest of Sydney. This comes as the 2021 census found Hinduism is the third largest religion in Australia.

Tasmania looks set for an early election after the Premier was ousted in a vote by the parliament on Thursday afternoon. It follows days of debate over the state's budget, a proposal for a new stadium, the Spirit of Tasmania, and potential privatisation.

The United States has vetoed a United Nations Security Council resolution calling for an immediate ceasefire in Gaza. The remaining 14 UN Security Council members voted in favour of the resolution, which demanded an "immediate, unconditional and permanent ceasefire" between Israel and Hamas and a release of the hostages.

Ukrainian President Volodymyr Zelenskyy has proposed implementing a ceasefire, until a meeting can be arranged with Russian President Vladimir Putin to discuss peace. The Russian President has reportedly told his US counterpart that he regards the ceasefire negotiations as useful. But the high level meeting sought by Ukraine is unlikely to occur.

Extreme weather events in our region are causing communities and countries to reassess how to respond to these events. The World Meteorological Organisation has mapped these changes in our region, highlighting the effects they are having not just on land but also in our region's oceans.

South Korea has elected a new president after months of political chaos triggered by the former president's brief declaration of martial law.

SBS Finance Editor Ricardo Gonçalves speaks with Luke Laretive from Seneca Financial Solutions as the ASX200 edges closer to a record and CBA breaches $300bn market cap, while Stephen Wu from the Commonwealth Bank goes through the latest economic growth numbers.

In the Netherlands, far-right politician Geert Wilders has brought down the Dutch government by withdrawing his Freedom Party from the ruling coalition and declaring he wants to be the country’s next Prime Minister. Prime Minister Dick Schoof has been forced to resign, with snap elections to be held.

Aid operations in Gaza have been suspended after Israeli authorities declared key distribution routes active combat zones, warning civilians to stay away. The move follows the deaths of at least 27 Palestinians near an aid site in Rafah, with witnesses and Gaza’s civil defence accusing Israeli forces of opening fire on people collecting food. Israel denies targeting civilians and says troops fired warning shots at individuals who had left the designated route.

The Greens are reeling from the surprise defection of West Australian Senator Dorinda Cox to the Labor Party. The Prime Minister has defended his new recruit, amid accusations of workplace bullying.

SBS Finance Editor Ricardo Gonçalves speaks with Julie Lee from FTSE Russell about the impact of the Fair Work Commission's 3.5% rise to the minimum wage along with the rest of the day's sharemarket news, plus Rhayna Bosch finds out why petrol prices have risen despite a fall in the global oil price with Vivek Dhar from the Commonwealth Bank.

New Federal Multicultural Minister Anne Aly says that social cohesion is not entirely up to multicultural communities. It comes as the government announced plans to open an Office for Multicultural Affairs to sit within the Home Affairs Department. But it falls short of a landmark report's recommendation to create a standalone department for Multicultural Affairs, Immigration and Citizenship, which also raised concerns about how migrant communities feel they are being monitored, rather than supported, by the Home Affairs department.

Kurt Cobain's last guitar, used during his band Nirvana's iconic M-T-V Unplugged Performance shortly before his death, is the centrepiece of a new exhibition at London's Royal College of Music. The guitar, which previously broke records by selling for $9.4 million at auction, is considered an iconic piece in the band's enduring legacy.

Talks in Istanbul between Russia and Ukraine have produced an agreement to conduct a new prisoner exchange. The talks have unfolded a day after a string of stunning long-range attacks by both sides, with Ukraine launching a devastating drone assault on Russian air bases and Russia hurling its largest drone attack of the war against Ukraine.

Polish nationalist opposition candidate Karol Nawrocki has won the second round of Poland's presidential election. Securing just over 50 per cent of votes, Mr Nawrocki has defeated liberal Warsaw mayor and pro-European candidate Rafal Trzaskowski.The election was seen as a choice between a pro-European course – or a Donald Trump-style nationalism.

SBS Finance Editor Ricardo Gonçalves speaks with Robert Talevski from Activam Group about the days market moves including why Trump's move to increase steel tariffs benefited Bluescope Steel, plus Rhayna Bosch discusses the latest increase in home values with Tim Lawless from Cotality.