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The World Today is a comprehensive current affairs program which backgrounds, analyses, interprets and encourages debate on events and issues of interest and importance to all Australians. Source: abc.net.au
Police on Christmas Island have spent the night trying to restore order to parts of the detention centre. A group of about 200 rioters started fires and flattened fences in a protest over living conditions on the island. The detainees are also understood to be unhappy about the waiting times taken to process their applications for asylum in Australia.
The ANZ Bank has delivered another record profit on the day after the Reserve Bank announced its large interest rate cut. Australia's third biggest bank posted a half year profit of 2.92 billion dollars - up 8 per cent on last year. But the ANZ's chief executive Mike Smith is refusing to say what, if any, of yesterday's RBA official interest rate cut, it plans to pass on to borrowers.