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.
NEW YORK (AP) – Catapulted by the market debut of his rocket company SpaceX, Elon Musk is now the world’s first trillionaire. That level of wealth, all owned by just one person, was once unfathomable. Before Friday, the trillion dollar mark was reserved for measures like the GDP (or staggering debt ) of a handful of major economies.
NEW YORK (AP) – Shares of SpaceX soared 23% in their Wall Street debut on Friday, making the rocket maker’s CEO Elon Musk the first-ever trillionaire. The shares opened at $150 and kept rising, reaching $166.90 around 12:.20 p.m. ET. That price gave the company a market value of $2.18 trillion.
DUBAI, United Arab Emirates (AP) – Iran ‘s stranglehold on the Strait of Hormuz may be easing – and its own oil problems now seem to be mounting. The crucial strait at the mouth of the Persian Gulf, through which a fifth of the world’s oil and natural gas supplies once passed, has been effectively shut by Iran’s attacks on shipping since the start of the war in February.
ISLAMABAD (AP) – The United States and Iran are close to signing an agreement aimed at ending their war, three regional officials told The Associated Press on Friday. A senior U.S. official said the tentative deal includes terms for removing and destroying nuclear material from Iran.
LONDON (AP) – British Prime Minister Keir Starmer vowed Friday that he will fight to stay in office after the sudden resignation of his trusted defense minister left his shaky leadership weakened still further. Starmer has seen the departure of several junior and senior ministers in recent weeks.
A federal judge agreed Friday to extend a court-ordered block on the Trump administration’s creation and operation of a $1.8 billion settlement fund for compensating people who claim to be victims of a weaponized government.
WASHINGTON (AP) – President Donald Trump on Wednesday showed how he had learned to stop worrying about inflation and simply, in his own words, “love” it. Asked about the new report that the consumer price index in May had jumped 4.2% over the last year, the president took a surprisingly optimistic tack with the challenging news.

































































































































