Prime Minister Rishi Sunak leaves Dorland House in London after giving evidence to the UK Covid-19 Inquiry during its second investigation exploring core UK decision-making and political governance. Jordan Pettitt | Pa Images | Getty Images LONDON — U.K. Prime Minister Rishi Sunak on Tuesday is seeking to shore up his weakening grip on power … Read more
New spending measures to help struggling households have been shunned in favour of fixing the budget bottom line as Treasurer Jim Chalmers looks to bank soaring government tax collections instead. The mid-year budget update, to be released on Wednesday, is expected to show 92 per cent of revenue upgrades over the forward estimates will go … Read more
The resilience of the jobs market continues to beat expectations and keep pressure on the Reserve Bank to lift interest rates even further. The official labour force data showed the unemployment rate hanging on at 3.5 per cent in June, after the May result was revised down. WATCH VIDEO ABOVE: Latest job figures could mean … Read more
Kremlin says it’s closely monitoring Biden-Zelenskyy meeting TOPSHOT – Pedestrians walk past a New Year decoration stylised as the “Kremlin Star”, bearing a Z letter, a tactical insignia of Russian troops in Ukraine, in Moscow on January 02, 2023. (Photo by Natalia KOLESNIKOVA / AFP) (Photo by NATALIA KOLESNIKOVA/AFP via Getty Images) Natalia Kolesnikova | … Read more
Drinkers are facing another hike in the cost of liquor, with Australia’s tax on spirits set to tip over the $100 per litre mark for the first time. Already paying some of the highest taxes on spirits in the world, Australians are being warned to expect further cost increases. WATCH VIDEO ABOVE: Bad news for … Read more
An Israeli army self-propelled artillery howitzer fires rounds from a position near the border with the Gaza Strip in southern Israel on Dec. 7, 2023. Menahem Kahana | Afp | Getty Images Israel’s war against Hamas — which has turned the blockaded and then besieged Gaza Strip into a post-apocalyptic wasteland — is now in … Read more
The incoming head of one of the world’s largest development banks says it must become faster and more efficient in order to finance priorities such as the climate transition and Ukraine rebuild. Nadia Calviño, Spain’s finance minister and deputy prime minister, was appointed head of the European Investment Bank Friday — in what has been touted … Read more
CNN’s Kaitlan Collins grilled Sen. Ron Johnson (R-WI) over his claim that Democrats have used fake electors like President Donald Trump did in his attempt to overturn the 2020 presidential election. Last week, 10 Wisconsin Republicans who signed false documents claiming Trump won the state’s 2020 presidential election – and therefore its electoral votes – … Read more
Occidental Petroleum on Monday agreed to buy CrownRock, a major privately held energy producer that operates in the Permian Basin, for $12 billion. The deal is latest in a spate of consolidation in the U.S .energy sector, particularly in the Permian, the largest oil-producing region in the U.S. The transaction is expected to close in … Read more
When the U.S. Supreme Court undid the nationwide right to abortion last year, it did not remove the issue from the courts. Instead, it opened a new frontier of litigation, with states passing their own restrictions and opponents challenging them in courts across the country. This week, at least four state supreme courts are dealing … Read more
