SpaceX launches 50th Dragon spacecraft to ISS on resupply mission for NASA
SpaceX launched its 50th Dragon spacecraft mission to the International Space Station (ISS) on Sunday, delivering 5,000 lbs of supplies and scientific...
Australia’s parliament passed legislation on Thursday to cut student loan balances by 20%, providing more than AU$16 billion ($10.31 billion) in debt relief for three million Australians, as part of the government’s efforts to ease cost-of-living pressures.
The law, the first passed since Prime Minister Anthony Albanese’s center-left Labor Party was re-elected in May with a sweeping majority, fulfills a key campaign pledge aimed at addressing rising financial burdens on younger generations.
“We promised cutting student debt would be the first thing we did back in parliament – and that’s exactly what we've done,” Albanese said in a statement. “Getting an education shouldn't mean a lifetime of debt.”
Education Minister Jason Clare said the measure would help relieve financial stress for young Australians.
“Young Australians don't always see something for them on the ballot paper, but they did this year and they voted for it in their millions,” Clare told reporters. “And we're repaying now the trust that these young Australians have placed in us.”
Millennials and Generation Z made up 43% of the 18 million registered voters in May’s general election, surpassing the number of Baby Boomers.
Labor framed the debt cut as a move to address intergenerational inequality and alleviate living costs.
Under the new law, a university graduate with an average student loan of AU$27,600 would have AU$5,520 wiped from their debt.
The changes will be backdated to 1 June, 2025, before a 3.2% indexation for inflation takes effect.
The legislation will also raise the minimum income threshold for loan repayments from AU$54,435 ($35,100) to AU$67,000 ($ 43,200), reducing payment burdens for low-income earners.
Different countries have various approaches to student loans.
As of the end of 2024, the average total student loan debt in the U.S. stood at approximately $38,375 per borrower, based on federal student aid data, just below the federal average of $39,075 noted in early 2025, according to BestColleges.
In England and Wales, student loans are automatically written off after a set period (typically 25 or 30 years, depending on the loan plan). Graduates repaying under income-contingent repayment schemes pay only when their earnings exceed set thresholds, with interest applied differently under each plan. Students in England now graduate with an average debt of £53,000 ($68,3700).
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
Honduras has brought back mask mandates as COVID-19 cases and a new variant surge nationwide.
SpaceX launched its 50th Dragon spacecraft mission to the International Space Station (ISS) on Sunday, delivering 5,000 lbs of supplies and scientific experiments. The CRS-33 mission also supports critical research for future human space exploration.
Ursula von der Leyen has defended the EU-U.S. tariff agreement, calling it a "conscious decision" that prevented a trade war, while responding to Mario Draghi's criticism of the EU's influence in global trade.
Typhoon Kajiki, the 13th of the year, intensified as it struck Hainan's coastal city of Sanya on Sunday, bringing heavy rain, powerful winds, and heightened risks of flash floods and geological disasters. Authorities have activated emergency measures to ensure safety and prevent damage.
Iran's Supreme Leader, Ali Khamenei, rejected U.S. negotiations and criticized Israel in a speech on August 24, 2025, emphasizing that Iran would not bow to foreign demands and reaffirming the nation's stance on sovereignty and resistance.
On Sunday, August 24, 2025, Russia and Ukraine conducted a significant prisoner exchange, each releasing 146 prisoners of war, facilitated by mediation from the United Arab Emirates. This swap is part of ongoing humanitarian efforts amid the prolonged conflict between the two nations.
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