Breaking news, politics, business, economy, and current events from Australia.
US President Donald Trump has reneged on his plan to charge a 20 per cent fee on shipping in the Strait of Hormuz, a day after saying he would introduce it. After weeks of insisting the strait must be toll-free, Mr Trump said on Monday, local time, he would impose charges “at the rate of…
American investor Warren Buffett has stopped donating money to the Gates Foundation, following revelations about interactions between the Microsoft co-founder and convicted sex offender Jeffrey Epstein. Mr Buffett said he will instead donate about $US6 billion ($8.6 billion) of Berkshire Hathaway stock in his annual mid-year donation to four family foundations overseen by his daughter…
Australia will seek to harness the benefits of artificial intelligence without losing control of it by tackling challenges like data centres, copyright and jobs through a new national framework. Prime Minister Anthony Albanese will use a speech in Sydney on Wednesday to declare the end of the federal government’s “issue-by-issue” approach to AI and outline…
Opposition leader Angus Taylor says he will not enter a Coalition with Pauline Hanson’s One Nation party. “I’m ruling it out,” Mr Taylor told 7.30 on Tuesday night. “There is no plan to form any kind of coalition with One Nation.” Mr Taylor was adamant that the current Coalition with the National party will not…
Tasmania’s top health official says the Launceston General Hospital is experiencing “impacted” capacity and is urging patients to only attend if it is a medical emergency. “The Launceston General Hospital is currently experiencing high demand for services, particularly patients with acute health needs,” Health Secretary Dale Webster said on Tuesday evening. “At present, clinical services…
The financial watchdog is trying to shut down a formerly licensed Australian company accused of promoting fake bond investments and engaging in “serious misconduct”. The Australian Securities and Investments Commission (ASIC) says its investigations to date indicate Capital Guard had raised more than $17 million from around 80 investors across Australia, alleging only a “small…
Victorian public school teachers will hold another 24-hour statewide strike next week amid an ongoing dispute with the state government over pay and conditions. Australian Education Union (AEU) Victorian Branch members have resolved to take further industrial action next Thursday, July 23, including stop-work action and a ban on unpaid overtime. AEU Victorian branch president…
Australian swimmer Shayna Jack says she will retire at the end of the Commonwealth Games. Loading Instagram content Jack was part of gold medal relay-winning teams at the Olympic Games, world championships and Commonwealth Games. In a video posted to social media with coach Dean Boxall, Jack said she was leaving the sport with her…
Federal Court proceedings have been dropped against the former company responsible for caring for South Australian woman Ann Marie Smith, who died six years ago in one of the state’s most serious cases of criminal neglect. The National Disability Insurance Scheme (NDIS) Quality and Safeguards Commission withdrew civil proceedings against Ms Smith’s former NDIS provider,…
The NRMA is urging other states and territories around Australia to follow New South Wales and scrap roadworks speed limits outside construction hours. As of this month, speed limit signs must be removed from NSW roads “when it is safe to do so” and no one is working on the road. NRMA spokesman Peter Khoury…