Bill Kelty’s tax reform comments cast a harsh light on Labor’s lack of ambition
The Labor heavyweight and union legend says young Australians increasingly feel economic policy is rigged against them. But will Jim Chalmers step up?Get our breaking news email, free app or daily news podcastThe first day of the Greens’ parliamentary inquiry into the capital gains tax was dominated by a bloke in his late 70s imploring parliamentarians to show “unequivocally that they’re on the side of young people”.Not just any bloke, of course, but Bill Kelty: union legend, co-architect of the economic reforms of the 1980s and 90s, former Reserve Bank board member, and self-proclaimed rich guy. Continue reading...
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New Russia sanctions on hold as Hungary blocks EU package ahead of fourth anniversary of Ukraine war – Europe live
European foreign policy chief says ‘there is not going to be progress’ on sanctions package todayGermany’s foreign minister Johann Wadephul also said he was “astonished” by the Hungarian position on sanctions, and hoped to discuss this during today’s meeting of EU foreign ministers.But Estonia’s foreign minister Margus Tsahkna was more blunt saying that the failure to adopt the new sanctions would only benefit Russia. Continue reading...
US to stop collecting Trump tariffs ruled illegal by supreme court
Dollar slumps and gold rises as authorities say they will halt levies linked to emergency powers but give no word on refundsBusiness live – latest updatesDonald Trump’s administration has said it will stop collecting tariffs the supreme court ruled were illegal as they were imposed using emergency powers, as investors attempted to digest the US president’s latest volley of replacement levies.The US dollar slumped 0.4% against a basket of other currencies on Monday after the US Customs and Border Protection (CBP) agency said it would deactivate all tariff codes associated with International Emergency Economic Powers Act (IEEPA) related orders as of Tuesday at midnight (5am UK time). Continue reading...
Video: Armed man killed after breaching perimeter of Trump residence
US Secret Service agents killed a man who broke into the secure perimeter of President Donald Trump's Florida property.
Mexico descends into violence after cartel leader ‘El Mencho’ killed
Killing of Jalisco cartel boss El Mencho triggers widespread violence and piles pressure on President Sheinbaum.
New York Mayor Zohran Mamdani orders citywide shutdown as snowstorm hits
The city's entire traffic network is shut down except for emergency travel as a severe snowstorm hits northeast US.
Drives me crazy: Mumbai residents plead for respite from ‘musical road’
Motorway stretch plays music as a safety feature but those close to it say ‘intrusive’ noise is constant and distressingResidents of one of India’s most upmarket neighbourhoods say the country’s first “musical road” has turned their daily lives into a nightmare soundtrack.A stretch of Mumbai’s recently opened Coastal Road seafront expressway has been engineered to play the pulsating Oscar-winning tune Jai Ho from the movie Slumdog Millionaire when vehicles drive on it at lower speeds. Continue reading...
Donald Trump’s actions stir election concerns in the lead-up to US midterms
November midterms will be first major US election since Trump took office and follow false claims over 2020 loss.
Pakistan claims at least 70 fighters killed in strikes along Afghan border
Afghan officials accuse Pakistan of targeting civilians and violating its sovereignty in Sunday's border air raids.
Duterte’s Fans Rally in The Hague as the I.C.C. Weighs Evidence Against Him
The protests are a sign of the Philippine ex-leader’s ongoing influence, even as he faces a possible trial for the deaths of thousands during his war on drugs.