The Tasmanian Government says its new short stay levy will help ensure more tourism revenue remains in the state, while supporting housing initiatives and protecting local jobs and businesses. The Government argues the levy reflects major changes in Tasmania's accommodation sector, where international booking platforms now hold significant influence and collect substantial commissions from local operators.
The Tasmanian Government will invest almost $600 million in housing and homelessness initiatives over the next four years as part of the 2026-27 Budget. The funding package aims to strengthen frontline support services while continuing investment in new housing and infrastructure projects across the state.
Tasmanian food and beverage producers are being showcased on a dedicated state stand for the first time at one of Australia's largest supplier-to-retailer trade events. Around 10 Tasmanian businesses are taking part in the Co-operative Supermarkets Australia Direct2Store Expo, being held in Sydney from today until Friday, 8 May 2026.
WASHINGTON (AP) – The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year, an unexpectedly aggressive outcome that would disappoint President Trump and suggests heightened concerns about persistent inflation.
SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk’s space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week.
TOKYO (AP) – The Bank of Japan raised its benchmark interest rate to 1% on Tuesday, citing challenges stemming from a weak Japanese yen and higher prices. The central bank’s increase in the uncollateralized overnight rate, by a quarter of a percentage point from 0.75%, puts it at a three-decade high.
EVIAN-LES-BAINS, France (AP) – Leaders at the Group of Seven summit on Wednesday threw their support behind U.S. President Donald Trump’s tentative agreement with Iran to open the Strait of Hormuz and extend a shaky ceasefire.
Senior U.S. officials on Wednesday read the memorandum of understanding with Iran to journalists after days of secrecy over what is in the document. The officials spoke on condition of anonymity to read the draft, which Iran has not released, ahead of a formal signing ceremony set for Friday.
The Group of Seven wrapped up three days of talks in the French Alps on Wednesday with discussions on the contentious future of artificial intelligence. Executives of leading AI companies, including OpenAI CEO Sam Altman, Google DeepMind CEO Demis Hassabis and Anthropic CEO Dario Amodei, attended discussions with U.S. President Donald Trump and other leaders.
NEW YORK (AP) – High oil and gasoline prices and energy supply problems won’t be solved overnight, despite an agreement to end the Iran war and open the Strait of Hormuz announced Sunday.


































































































































