Wall Street scales fresh record high as investors bet on end of Iran war

• The U.S. and Iran agreed on Tuesday to a two-week ceasefire, marking a potential diplomatic breakthrough after 47 days of conflict. • Under the agreement, both Iran and Oman will be permitted to participate in the pause in hostilities, with U.S. military personnel and weaponry remaining positioned in and around Iran until a peace deal is finalized. • The ceasefire emerges as negotiators push for a next round of talks, though tensions remain high with shipping disruptions continuing in the Strait of Hormuz.

Proceedings brought to halt as protesters condemn Russ Vought for slashing Pepfar program amid sweeping aid cutsProtesters decrying delays to funding in the battle against HIV/Aids charged into a congressional hearing where the Trump administration’s budget czar, Russell Vought, was testifying in Washington on Wednesday.The demonstrators disrupted the proceedings on Capitol Hill and twice brought the hearing to a halt. Continue reading...

Smoke warning for residents south of Viva oil refinery in Corio as Geelong mayor calls fire ‘unprecedented’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastA major oil refinery in Geelong, which supplies half of Victoria’s fuel and 10% of the nation’s, exploded into flames on Wednesday night and the blaze was still out of control by first light on Thursday.Fire Rescue Victoria said they responded to an incident at the Mogas (motor gasoline) unit at Viva oil refinery in Corio around 11:15pm Thursday. Continue reading...

Agents detained Marie-Therese Ross in Alabama on 1 April after she overstayed her 90-day visa, according to DHSThe French government is pressing the US Department of Homeland Security (DHS) to release the 86-year-old French widow of a military veteran from immigration custody after she was detained earlier this month.US Immigration and Customs Enforcement (ICE) agents detained Marie-Therese Ross in Alabama on 1 April after she overstayed her 90-day visa, according to DHS. Ross is now being held at a federal immigration detention facility in Louisiana. Continue reading...

Researchers find increase in whale deaths in the Bay, largely because of collisions with vessels on busy shipping routeGray whales have historically been a rare sight in the San Francisco Bay. They trek from the warm lagoons of Mexico’s Baja California over 10,000 miles north to the Arctic region to feast on shrimp-like animals during the summers, seldom stopping in the busy shipping corridor for prolonged periods.But in recent years, that story has changed in a dire way. A new study, published this week in the journal Frontiers in Marine Science, has found that gray whales in the Bay have been dying at alarming rates, largely due to collisions with vessels. Continue reading...

Scheme cutting bills by up to 25% expanded to cover 10,000 firms, but they will not be paid until next yearRachel Reeves has announced an expansion of support for the most energy-intensive UK businesses, as they face soaring bills as a result of the Middle East conflict.The chancellor said the long-promised British Industrial Competitiveness Scheme (BICS) would be expanded to cover 10,000 companies, up from the 7,000 originally announced. Continue reading...

Residents south of the refinery in Corio warned to shelter inside due to smokeGet our breaking news email, free app or daily news podcastNationals leader Matt Canavan defended the Coalition’s planned crack down on immigrations as “fair and reasonable” and that migrants would understand the policy.Asked on 7.30 last night how Australia’s migrant communities would see the plan, Canavan referred to the “rigour” of the naturalisation process his Italian grandparents went through in the 1950s and his own publicised Section 44 high court citizenship saga (which he said ultimately proved him to be a “dinky-di Aussie”). He said:It’s fair and reasonable that we set high standards to join the club of Australians and I’m sure migrants here today want to see that …We have a Government that has put its head in the sand now and has not listened to the Australian people that clearly want change.I think we should discriminate on values …We shouldn’t discriminate on colour, religion, sexuality, gender, but surely … we should discriminate on people who don’t support democracy, who profess support for terrorism or violence, who don’t believe in equality between male and female genders. People who have those views I don’t want them in our country.I’ll comment that the Robert Frost line in that poem was delivered in irony.But we’ll return to that another day along with many other questions, thank you for joining us … Continue reading...

Lack of funding leaving police forces failing to keep pace with two-thirds annual increase in referrals, says reportChild victims of online sexual abuse are being inadequately protected from further harm because police forces are struggling to cope with an increase in this crime, his majesty’s chief inspector of constabulary has warned.Michelle Skeer said: “Without investment and coordination, the situation will worsen and children could be put at further risk.” Continue reading...

Rebrand as NewBird AI sent shares up 582% in bizarre and rapid turnaround for firm that had fallen on hard timesAllbirds, the maker of minimalist wool sneakers beloved by Silicon Valley, announced on Wednesday that it is leaving shoes behind and pivoting to artificial intelligence. The new focus and rebrand as “NewBird AI” sent the company’s stock up 582% as of mid-day during a flurry of trading.The surging stock price and new direction is a bizarre, rapid turnaround for a company that had fallen into disrepair in recent years. Once valued at $4bn, Allbirds’ shares had lost 99% of their worth since 2021 and earlier this month the company announced plans for a $39m sale to brand management firm American Exchange Company. Continue reading...

Woman, 47, and man, 46, held on suspicion of arson endangering life after attempted Finchley attackA 47-year-old woman and a 46-year-old man have been arrested on suspicion of arson endangering life after an attempted attack on a synagogue in Finchley, north London, as part of an investigation into what the Metropolitan police described as an “antisemitic hate crime”.The force said the woman was arrested at an address in Watford just after 4.45pm on Wednesday, while the man was arrested at 7.15pm in the Watford area. Both suspects remain in police custody. Continue reading...

Liberal judge attacks emergency-docket rulings designed to benefit president as ‘scratch-paper musings’The supreme court justice Ketanji Brown Jackson has delivered a sustained attack on her conservative colleagues’ use of emergency orders to benefit the Trump administration, calling the orders “scratch-paper musings” that can “seem oblivious and thus ring hollow”.Jackson, the court’s newest justice, delivered a lengthy assessment of roughly two dozen court orders issued last year that allowed Donald Trump to put in place controversial policies on immigration, steep federal funding cuts and other topics, after lower courts found they were probably illegal. Continue reading...