Gina Rinehart’s Hancock Prospecting to pay hundreds of millions’ worth of royalties to rival family in ‘half loss half win’

Former Treasury secretary says a tax rate was ‘socially optimal’ in submission to a new parliamentary inquiryFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe former Treasury secretary Ken Henry says “self-serving” claims from gas giants about the risks of a windfall profits and export taxes should be ignored by the Albanese government as it weighs up the intervention ahead of next month’s federal budget.In a submission to a new parliamentary inquiry examining the gas taxation regime, Henry made the case for a 100% windfall profit tax as he rejected the assertion that any changes would heighten perceptions of Australia as a sovereign risk and freeze investment in new projects. Continue reading...

Legal charity argues ‘job lot’ prosecution approach is unjust and primarily targets young black menJoint enterprise cases in England and Wales have soared over the past four decades, according to a report calling for a change in the law so that individuals are held accountable only for their own actions.The Centre for Crime and Justice Studies (CCJS) also found sentences have become harsher under the legal doctrine, which allows for individuals to be convicted of crimes they did not physically carry out if they were present at the scene or held an association with the principal culprit. Continue reading...

Plans for such a transport system have been discussed for many years and not all locals believe that service will comeIt is 1993 and a young James Lewis is going to do work experience in Leeds city council’s highways department. His team, Leeds United FC, have only just relinquished the title of defending English champions. And the council is marching on with big ideas: putting the abandoned 1980s Metroline tram plan behind them, and forgetting the unloved 1991 concept of a Leeds Advanced Transit skytrain. The Supertram is the coming thing.“I remember these drawers and drawers, full of big paper plans,” says Lewis, 33 years on. Lewis is now leader of the city council, and it is all done online. Much of the city centre has been transformed, rebuilt and pedestrianised. Leeds United have never threatened to be champions again. But as Lewis stands outside Elland Road stadium, explaining how to cross the adjacent motorway, one thing has not changed. What Leeds really wants is to build a tram. Continue reading...

Not ‘reasonable’ to impose that Siena Hopper, 25, with no criminal history, should be excluded from City of Sydney except for work or to attend courtFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastA judge has overturned the bail conditions imposed by police on a Sydney anti-Herzog protester with no criminal history, saying the conditions were not “reasonable”.Lawyer Wael Skaf made an application before the Downing Centre local court to vary Siena Hopper’s bail conditions, which barred her from attending any “unlawful protests” and included a condition that she not enter the City of Sydney except for work or to attend court. Continue reading...

Struggle for justice symbolises limitations of Truth and Reconciliation Commission, whose hearings began 30 years agoDarkness had fallen on 27 June 1985 when Fort Calata, Matthew Goniwe, Sicelo Mhlauli and Sparrow Mkonto set off on the 150-mile drive back from a meeting of anti-apartheid activists in the South African city of Port Elizabeth, now known as Gqeberha. They never made it home.About an hour into their journey, as the road wound north from the coast towards their home town of Cradock (now called Nxuba), the four men were pulled over by three white security police officers. They were handcuffed and driven back towards Gqeberha. Continue reading...

US military boasts blockade of the strait of Hormuz will incapacitate Iran’s economy; Trump says negotiations could return to PakistanUS-Iran peace talks could resume in next two days, Trump saysWelcome to the Guardian’s continuing coverage of the crisis in the Middle East.The US military has said American forces have completely halted economic trade going in and out of Iran by sea through a blockade.An estimated 90% of Iran’s economy is fueled by international trade by sea. In less than 36 hours since the blockade was implemented, U.S. forces have completely halted economic trade going into and out of Iran by sea.”Donald Trump has said that talks with Iran could resume in Pakistan over the next two days, according to an interview with the New York Post. “Something could be happening over the next two days, and we’re more inclined to go there,” Trump was quoted as saying.US secretary of state Marco Rubio said Israel-Lebanon talks in Washington on Tuesday were a “historic opportunity”. He said that while every complexity would not be resolved immediately, he hoped the parties would begin to move forward.Lebanon’s president expressed hope that direct talks would lead to an end to his country’s “suffering” after war erupted again between Israel and Hezbollah last month. “I hope that the meeting in Washington... will mark the beginning of the end of the suffering of the Lebanese people in general, and those in the south in particular,” president Joseph Aoun said in a statement, adding that “stability will not return to the south if Israel continues to occupy its lands”.Lebanon’s top envoy to the US said the high-level diplomatic engagement between her country and Israel was “constructive,” but urged an end to the ongoing conflict between Israel and Iran-backed Hezbollah militants that has displaced thousands of Lebanese. After participating in Tuesday’s talks with Rubio and Israel’s ambassador to the US, Nada Hamadeh Moawad said she had “underscored the need to preserve our territorial integrity and state sovereignty”.The US will not renew a 30-day waiver of sanctions on Iranian oil at sea that expires this week officials told Reuters, as the US imposes a blockade on shipments from Iranian ports.UK prime minister Keir Starmer and French president Emmanuel Macron will co-host a summit in Paris on Friday focused on efforts to reopen the strait of Hormuz, Downing Street said. A spokesperson said: “The summit will advance work towards a coordinated, independent, multinational plan to safeguard international shipping once the conflict ends.”Trump criticised Italian prime minister Giorgia Meloni, a political ally, in an interview published on Tuesday for her unwillingness to help in the Iran war. “I’m shocked at her. I thought she had courage, but I was wrong,” he told Italian daily Corriere della Sera.Foreign ministers from Saudi Arabia, Pakistan and Egypt will meet Turkey’s top diplomat this week for talks on regional matters, a ministry source told AFP on Tuesday. “This is the third meeting of the four countries to discuss regional affairs, not specifically Hormuz,” said the source, who wished to remain anonymous.Hezbollah said it targeted 13 northern Israeli towns with rockets shortly after the start of Lebanese-Israeli talks in Washington. In a statement, the group said it targeted Kiryat Shmona, Metula and 11 other towns “with simultaneous rocket salvos” at 6.15pm.US treasury secretary Scott Bessent has said the underlying US economy remains strong and that growth could still exceed 3% or 3.5% this year despite the impact of the US-Israel war on Iran. Earlier on Tuesday, the International Monetary Fund (IMF) cut its growth forecasts for 2026 based on the impact of the war and said any further escalation in the conflict could trigger a global recession. Bessent however cast cuts in global growth forecasts and higher inflation projections by the IMF and World Bank as an overreaction. Continue reading...

Second day of ‘faux-royal’ tour sees Duke of Sussex speak candidly about challenges of new fatherhood as amused football fans watch onIt was an unusual sight. As a group of children were rocking out to the Wiggles, Prince Harry kicked a football on Whitten Oval in Melbourne, home of Australian rules team the Western Bulldogs.“Just a regular Wednesday,” a member of the crowd, dressed mainly in suits and from the advocacy and academic fields, said. Continue reading...

Conference president expresses ‘complete faith’ in Chris Bowen to lead tough negotiationsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastTuvalu, the Pacific nation at the forefront of the global climate crisis, will host a special meeting of world leaders before this year’s Cop31 summit, as the conference president expresses “complete faith” in Chris Bowen to lead tough negotiations.Turkey’s climate minister, Murat Kurum, is president-designate for the November summit, set to see world leaders meet in Antalya to thrash out new targets for cutting carbon emissions. Continue reading...

Section of state’s electoral act that introduced caps on political donations but carved out an exemption for major parties ruled unconstitutional The high court has ruled Victoria’s political donation laws are unconstitutional, in a move that has been described as “enshrining a level playing field”.The unanimous decision, handed down by Australia’s highest court on Wednesday, struck out an entire section of Victoria’s electoral act that introduced caps on political donations but carved out an exemption for major parties. Continue reading...

Passengers can book a four-hour session in the bunk beds from May for Auckland-New York flights but airline cautions against smuggling in childrenEconomy passengers on Air New Zealand’s ultra-long-haul flight between Auckland and New York can book a spot in the airline’s bunk-bed style sleeping pods from May, which will take to skies in late 2026.In what the airline says is a world first, six full-length, lie-flat sleeping pods, are squeezed into the aisle of the new Boeing 787-9 Dreamliner. The pods, known as “Skynest”, will include fresh bedding, a privacy curtain, ambient lighting and kit with eye-masks, skincare, earplugs and socks. Continue reading...

Sheinbaum has recently been taking a firmer stance with the US, defying pressures where other countries have cavedThe Mexican government has voiced concern about the deaths of its citizens in US custody, with Mexican president Claudia Sheinbaum also pushing back against the Trump administration’s decision to impose an energy blockade on Cuba.The progressive Mexican leader has walked a careful line with Trump for more than a year, addressing provocations with a measured tone and meeting US requests to crack down on cartels more so than her predecessors, in an effort to offset threats of tariffs and US military action against gangs. Continue reading...