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) – Shares of South Korean memory chipmaker SK Hynix rose 12.8% as they made their debut on Wall Street, at a time when demand for chips is surging thanks to the frenzy around artificial intelligence.
HONG KONG (AP) – Major German carmakers saw sharp quarterly sales declines in China as domestic demand weakened and competition heated up in the world’s biggest auto market. At Volkswagen, Mercedes-Benz, BMW and Porsche, China sales for the April-June quarter plummeted between 30% and 41% compared with the same period a year ago.
Meta has pulled the plug on a feature of a recently launched AI tool following criticism that it made Instagram accounts fodder for use in creating AI-generated images.
US launches new airstrikes on Iran, as Tehran fires back at Gulf Arab states
WASHINGTON (AP) – President Donald Trump is suggesting he has left standing orders for the U.S. military to destroy Iran ” at levels they’ve never seen before ” if Tehran follows through on its long-standing threats to kill him. But the U.S. government has no way to create an automatic, preauthorized “dead man’s switch” that would prompt immediate retaliation.
KYIV, Ukraine (AP) – Russian attacks on Ukraine killed six people, including a child, and wounded 29, officials said Saturday, adding that Ukrainian forces damaged more than two dozen Russian tankers and other vessels in the Sea of Azov.
US launches new airstrikes on Iran, as Tehran fires back at Gulf Arab states



















































































































































