Crafting a federal budget is never easy. Tonight's budget is harder than most. The government faces irreconcilable pressures. The Reserve Bank is concerned about inflation. Governor Michele Bullock has signalled a preparedness to drive Australia into recession rather than let inflation get out of control.
BEIJING (AP) – As Presidents Xi Jinping and Donald Trump prepare for a highly anticipated summit, both China and the United States say their ties have been broadly stable in recent months – and they are planning on keeping it that way.
As Treasurer Jim Chalmers prepares to hand down another federal budget, attention is once again turning to one of Canberra's most tightly controlled democratic traditions: the budget lock-up. For decades, journalists from legacy media organisations have gathered in a secure room, phones confiscated, to scrutinise the government's fiscal blueprint before its public release.
MOSCOW (AP) – Russia on Tuesday test-fired a new intercontinental ballistic missile as part of efforts to modernize the country’s nuclear forces, a launch hailed by President Vladimir Putin just days after his claim that the fighting in Ukraine is nearing an end.
The rise of One Nation may seem sudden. In the 2025 Australian federal election, Pauline Hanson's party received only 6.4% of the national vote. A year later, One Nation has surpassed the Liberal Party in the polls, received more votes than the Liberals in the South Australian election, and won their first seat in the House of Representatives in the Farrer by-election.
A sudden halt for technology stocks put the brakes on Wall Street's record-setting run. The S&P 500 dipped 0.2% Tuesday from its all-time high set the day before. The Dow Jones Industrial Average added 0.1%, and the Nasdaq composite sank 0.7% from its own record. Oil prices meanwhile rose more than 3%.
No wonder Jim Chalmers was anxious to use every opportunity on Sunday to weigh in on the Liberals' "bloodbath" in Farrer. It was extremely good news for a treasurer who is having to explain a budget in which key election promises on taxes will be broken. The Liberals' utter disaster provides an ideal "look at them" opportunity for the government to capitalise on.
BEIJING (AP) – As Presidents Xi Jinping and Donald Trump prepare for a highly anticipated summit, both China and the United States say their ties have been broadly stable in recent months – and they are planning on keeping it that way. But many issues are at stake in one of the world’s most consequential relationships, with no easy end in sight.
OMAHA, Nebraska (AP) – Passengers from a cruise ship hit by a deadly hantavirus outbreak were being flown home Monday to more than 20 countries and quarantined, including a French woman and an American who tested positive.
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