Inflation fears as oil spikes | Aussies working multiple jobs | NFL’s $300m touchdown for Melbourne

The European Central Bank raised interest rates to 2.5 per cent, warning the Iran war and soaring oil prices is fuelling inflation, with other central banks, including the RBA expected to follow; official data shows the number of Australians working more than one job reached one million in the June quarter, accounting for a record 6.9 percent of employed people; and NAB says the first NFL match to be played in Australia – between the LA Rams and San Francisco 49ers – is expected to bring more than $300 million to Melbourne’s economy. 00:00 Brent crude surges to 4-month high 01:38 ASX 200 continues to tumble as markets reprice RBA hike 02:06 Australian investors pour record $6.94bn into ETFs in August 03:02 Record share of people working multiple jobs 03:54 Queensland’s credit rating lowered from AA+ to AA 04:46 Australian tourists flock to Vietnam, China and Fiji 05:21 NFL match expected to deliver $300m boost for Melbourne SBS News is Australia's trusted news source for the latest news from Australia and across the world. Subscribe to the SBS News YouTube channel: https://www.youtube.com/@SBSNews Follow SBS News on Instagram: https://www.instagram.com/sbsnews_au Follow SBS News on TikTok: https://www.tiktok.com/@sbsnews_au Follow SBS News on X: https://www.twitter.com/SBSNews Follow SBS News on Facebook: https://www.facebook.com/sbsnews Apple News: https://trib.al/MTx0gUe For the latest news, visit www.sbs.com.au/news Network Terms & Conditions: https://sbs.com.au/terms Privacy Policy: https://sbs.com.au/privacy Feedback or complaints: https://sbs.com.au/complaints