City News

The high-fashion fundraiser is underway again with celebrities flaunting their best looks for the crowd.

Experts are tipping interest rates will be left on hold today when the Reserve Bank of Australia (RBA) wraps up its May meeting today. The board will announce its official cash rate decision at 2.30pm (AEST) and release its revised set of economic forecasts. In the lead-up to the two-day meeting, economists were in broad agreement the RBA would keep interest rates at 4.35 per cent, the level they have been at since last November. READ MORE: Girlfriend and friends share tributes to slain Aussie brothers But stubborn inflation data has prompted warnings mortgage borrowers could be in for more pain in coming months. In the 12 months to March, the consumer price index increased 3.6 per cent above the RBA's indicative forecast of 3.5 per cent. That figure was also above the central bank's target of 2.5 per cent, which it is aiming for by 2026. Among those warning of the inflation threat to Australia's economy was former RBA governor Philip Lowe. READ MORE:  Trum

Jurors in Donald Trump's hush money trial heard for the first time how and why Michael Cohen's reimbursement payment for the Stormy Daniels' payment was entered as a legal expense. Former Trump Organisation controller Jeffrey McConney testified on Monday (Tuesday AEDT) about conversations he had with the company's longtime finance chief Allen Weisselberg in January 2017 about reimbursing Cohen for $196,000 ($US130,000) he'd paid to lawyer Keith Davidson, Daniels' then-lawyer. McConney said handwritten notes from Weisselberg detailed how much to reimburse Cohen for. READ MORE: 'Heart is shattered': Girlfriend and friends share tributes to slain Aussie brothers All expenses had to be entered in the general ledger with a category code, and “we were paying a lawyer,” McConney explained. So it was coded as such. Prior to witness testimony, Trump was sanctioned a second time for violating a gag order barring him from publicly speaking about witnesses,

At least 155 people were injured, while damage from the rains forced more than 88,000 people from their homes.

Police have been called in to investigate a sexism scandal at a prestigious Melbourne private school concerning male students using derogatory language to rank their female classmates. Year 11 students from Yarra Valley Grammar School at Ringwood shared a spreadsheet of photographs of female students to the messaging app Discord and ranked them in categories. The girls were ranked from top to bottom as "wifeys", "cuties", "mid", "object", "get out" and then finally "unrapable". READ MORE: Concerns over 'radicalised' student before alleged knife attack in Perth The school was alerted to the post last Wednesday, and by Friday the students involved in creating the post had been suspended pending further inquiries. The parents of the girls pictured in the post were notified by the school. Yarra Valley Grammar principal Mark Merry described the post as "disgraceful". "Respect for each other is in the

High waters flooded neighborhoods around the US city of Houston on Saturday following heavy rains that have already resulted in crews rescuing more than 400 people from homes, rooftops and roads engulfed in murky water. Others prepared to evacuate their property. A wide region was swamped from Houston to rural East Texas , where game wardens rode airboats through waist-high waters rescuing both people and pets who did not evacuate in time. One crew brought a family and three dogs aboard as rising waters surrounded their cars and home. READ MORE: Driver praised for helping in road collapse that killed 48  A flood watch was in effect through Sunday afternoon, as forecasters predicted additional rainfall on Saturday night and the likelihood of major flooding. "It's going to keep rising this way," said Miguel Flores Jr., of the northeast Houston neighborhood of Kingwood. "We don't know how much more. We're just preparing for the worst." READ MORE:

An investigation is under way in Perth following reports of a suspected knife attack. More than 30 patrol cars including emergency services rushed to High Road in Willetton in the city's south last night. Police said they will be providing further details "in relation to an incident last night" later this morning. READ MORE: Two knife incidents within hours at Melbourne shopping centre High Road Westbound remains closed between Yampi Wy and Leach Hwy this morning. More to come.