From costly falls in the gymnastics, to awkward celebrations in the pool, there’s been no shortage of excruciating moments.

Malcolm Turnbull has claimed mutual cause with Olympic hopefuls and Bill Shorten has been abused and embraced.

The Reserve Bank is holding the line on low interest rates for years to come, but some economists warn the risks of an inflation "rebirth" are rising, an issue the US central bank will be discussing this week.

A SYDNEY man accused of plotting a terrorist attack in Australia allegedly sent thousands of dollars to Islamic State.

New Zealand will take 150 refugees from Australia each year for three years, settling a deal first struck by former prime minister Julia Gillard almost a decade ago.