Australia faces its highest mortgage default risk in roughly a quarter-century as household finances come under increasing pressure. Experts warn that rising mortgage stress is leaving thousands of homeowners vulnerable to falling behind on repayments, adding to concerns about the resilience of consumers and the broader housing market.

BHP workers at Port Hedland begin rolling 24-hour strikes in an escalating pay dispute at one of the world’s most important iron ore export hubs. The industrial action threatens to disrupt shipments from Western Australia as further stoppages are planned, putting pressure on a key channel for global steelmaking supply.

A separate two-day strike is also set at a key BHP port handling Pilbara iron ore after wage and working-condition talks stall. The action is expected to interrupt loading and exports of the company’s steelmaking material, extending labor uncertainty around a critical part of Australia’s resources trade.

More than 80 companies are due to report Q1FY27 earnings on August 8, making it a busy session for Indian markets. The lineup includes Delhivery, Aditya Birla Fashion, PNC Infratech, HBL Engineering and Affle 3i, with investors looking for signals on demand, margins and company outlooks.

Colombia’s new president, Abelardo De La Espriella, uses his first major speech to pair a tougher security agenda with fiscal austerity. He also promises to shrink the state and revive economic activity linked to the energy sector, setting out a policy direction with implications for public finances and investment.

Typhoon Dolphin hits Japan’s Okinawa prefecture with strong winds, causing injuries and widespread power outages, while China closes ports ahead of the storm’s landfall. The disruption leaves thousands of buildings without electricity in Okinawa and other parts of Japan, underscoring the threat to regional infrastructure and trade flows.

A proposed six-storey beachfront tower in Bondi draws opposition from local seniors, who argue the development would leave them boxed in and question how the approval process has been handled. The dispute highlights broader tensions in New South Wales over housing targets, planning rules and neighborhood development.

Cricketer Rishabh Pant publicly asks Uttarakhand Chief Minister Pushkar Singh Dhami for help securing land so he can move his base from Delhi back to his home state. The appeal quickly gains wide attention online, turning a personal relocation request into a widely discussed public matter.