Interest Rates: The Reserve Bank lifted its cash rate by 0.25 points to 4.85%, an 18-year high and its fifth increase this year. The 6–3 vote and softer guidance hint at a possible pause, but mortgage holders face higher repayments. Social Media: The High Court has begun hearing challenges to Australia’s under-16 social media ban, with Reddit and a digital rights group arguing it threatens privacy and political expression. Visas: Anthony Albanese is considering restoring a regional-work requirement for British backpackers after arrivals more than doubled to 87,000 last year, many settling in Sydney. Energy: Shell agreed to sell its 16.67% stake in Western Australia’s North West Shelf gas project to Abu Dhabi’s XRG for $1.45 billion, subject to approvals. Separately, Neoen secured $1.8 billion in financing for renewable projects across several states. Queensland Health: Mater will transfer pathology services at its Brisbane and Springfield hospitals to external providers, affecting more than 400 workers. The move follows a laboratory safety investigation and financial pressures. Cricket: Glenn Maxwell has retired from international cricket after a 14-year career that included two ODI World Cup titles and a T20 World Cup win.