Oceania : Breaking News

US stocks are diving and surrendering much of their historic gains from the day before as US President Donald Trump’s trade war continues to confuse and threaten the economy

Sell-off comes amid anger from Democrats over retreat that rattled markets, while Republicans praise Trump’s ‘art of the deal’ in actionUS politics live – latest updatesUS stocks fell again on Thursday morning after a historic rally following Donald Trump’s shock retreat Wednesday on the hefty tariffs he had just imposed on dozens of countries.The falls came as the president blamed “transition problems” for the market reaction and the sell-off deepened after a White House clarification noted that total tariffs on China had been raised by 145% since Trump took office. Continue reading…

The saga that had played out over the past week left the world struggling to catch its breath.

The chief of the Reserve Bank has cautioned patience in responding to the “economic volatility” sparked by US President Donald Trump’s tariff war, steering clear of signalling drastic interest rate cuts.

Alice Fraser thought she was being paranoid until her lawyer advised her jokes about Donald Trump and Elon Musk could be scrutinised at US airportGet our afternoon election email, free app or daily news podcastAn award-winning Australian comedian has cancelled a planned trip to the US after receiving legal advice that she could be stopped at the border due to her previous jokes about the Trump administration.Alice Fraser, who has appeared on Australia’s ABC and the BBC and toured internationally, was due to head to New York in the first week of May to promote her recently published book.Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading…

Shift away from fossil fuels by BOC is expected to cut company’s Australian emissions 40% by 2035 and follows similar commitment by Rio Tinto Get our afternoon election email, free app or daily news podcastA major industrial gas company in Australia will shift its power use away from fossil fuels and instead meet nearly half its electricity needs across three states from solar.BOC, owned by global gas and engineering company Linde, supplies speciality gases to large manufacturers, industry and oxygen to hospitals.Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading…

In past elections, debate about climate policy has been front and centre. Labor and independents campaigned hard on the environment back in 2022. But during the current campaign Labor and the Coalition have focused their messaging almost entirely on cost of living.Nour Haydar talks with deputy editor Patrick Keneally and climate and environment editor Adam Morton about the consequences of climate action fading from the campaignRead more: Continue reading…

Peter Dutton desperately needs to regain seats in Western Australia, but Labor have made the state a fortress – and then there’s the NationalsPolls tracker; election guide; full federal election coverageAnywhere but Canberra; interactive electorates guideGet our afternoon election email, free app or daily news podcastIn the heart of Kalamunda, a town nestled in bushland on Perth’s eastern outskirts, a turf war is under way.The Liberals and Nationals are on the same side in Canberra. But the two are fierce adversaries in Western Australia, a decades-old hostility now playing out in a scrap for the state’s newest political prize: the federal seat of Bullwinkel.Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading…

Housing organisations welcome the new laws but are bracing for a spike in evictions before the change takes effectGet our afternoon election email, free app or daily news podcastRenters and advocates are worried there could be a surge in no-grounds evictions in New South Wales over the coming month as landlords act ahead of the law changing in mid-May.The Tenants’ Union of NSW says it’s a “real risk” and the Minns government has dropped the ball by not putting interim measures in place to protect renters.Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading…

Having honed his craft during hours spent travelling with the GWS Giants, it hasn’t been unusual for the forward to be up at 3am playing an online game Jesse Hogan admits that, yes, people are surprised when they find out he plays chess. “My characteristics in the past haven’t really mirrored someone that would enjoy chess as much as I do,” he says.One of the AFL’s most imposing forwards, the 30-year-old has become a key piece for a Greater Western Sydney side in contention for the 2025 premiership. After inconsistent stints at Melbourne and Fremantle – in a period where he developed a reputation as an unfulfilled talent – he has honed his craft and fitness in recent years in Sydney, producing a late-career, Coleman medal-winning peak that few saw coming. Continue reading…