Wall Street seems to have decided the recession risk is over. Can the Australian market do the same?

US president told reporters he was ‘not happy with Australia because they were not there when we asked them to be there’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastDonald Trump has again accused Australia of not doing enough to help him in the Middle East war, claiming the US “asked them to be there” despite Australia’s defence minister saying there had been no “specific request”.The US president made the comments while taking questions from reporters, including Australian correspondents, as he left the White House on Thursday. Continue reading...

Keir Starmer understood to have lost confidence in official over decision to override security vetting failureMandelson failed vetting but Foreign Office overruled decisionSir Olly Robbins, the UK Foreign Office’s top civil servant, is leaving his post after the decision to fail Peter Mandelson during his security vetting was overruled by his department.Robbins was the Foreign Office’s most senior official in late January 2025 when the decision was made, paving the way for Mandelson to become the US ambassador. Continue reading...

Prime minister cuts fuel security visit to Malaysia short. Follow updates liveGet our breaking news email, free app or daily news podcastAn extra 250,000 tonnes of agricultural-grade urea for fertiliser will come to Australia from Indonesia, under a new deal supported by the federal government.That’s around 20% of the fertiliser needed for the current planting season for Australian farmers, according to the Albanese government.This deal also shows why it’s critically important that we have strong relationships with our regional partners.While this is a commercial deal, the Australian and Indonesian Governments have been working to support this positive outcome … This will mean Australia can continue to play an important role supporting food security in Indonesia and our region at a time of global uncertainty. Continue reading...

Chair’s decision to not seek re-election in June ‘not as a result of any disagreement’, company says in SEC filingNetflix chair Reed Hastings is leaving the streaming service he co-founded 29 years ago as the company regains its footing after it lost its $72bn deal for Warner Bros Discovery.In a letter to investors released on Thursday, Netflix said Hastings will not stand for re-election at its annual meeting in June and plans to focus on philanthropy and other pursuits. Continue reading...

Schwartz was deputy surgeon general under Trump’s first administration and is a rear admiral in the US Coast GuardDonald Trump announced Thursday that he has selected Erica Schwartz to lead the Centers for Disease Control and Prevention (CDC), bringing to an end a months-long search for a permanent head of the troubled public health agency.Trump revealed his choice on Truth Social, saying: “I am pleased to announce the new leadership of the Centers for Disease Control and Prevention (CDC). It is my Honor to nominate the incredibly talented Dr Erica Schwartz, MD, JD, MPH, as my Director of the CDC,” he wrote. “She is a STAR!” Continue reading...

Health secretary and chef Robert Irvine claim Americans could eat healthier and more cheaply if they shopped betterSign up for the Breaking News US email to get newsletter alerts in your inboxThe first episode of the new Secretary Kennedy Podcast, produced by the US Department of Health and Human Services (HHS), opens with this quote from guest Robert Irvine, who creates meal plans for the US military: “We talk about food being expensive. If you’re buying expensive food, it’s expensive. But if you’re buying food and you know what to do with it, it’s not expensive.”The episode is titled Fixing America’s Food System – Robert Irvine, and features a 45-minute conversation with the HHS secretary, Robert F Kennedy Jr, the host of the show, and guest Irvine. Best known as a celebrity chef, Irvine has collaborated with the US military to launch Victory Fresh, a program that offers healthy grab-and-go meals on military bases, during the Biden administration. The program’s Biden-era origins are never acknowledged during the show. Continue reading...

Exclusive: A trove of previously redacted documents was filed as part of the tech giant’s anti-trust battle with the state of California. Amazon denies it engages in price-fixingHundreds of previously redacted records reveal how Amazon has pressured independent sellers using its platform into raising their prices on the sites of competitors like Walmart and Target, so that Amazon can appear to have lower prices, California authorities allege.The global conglomerate became concerned even if a competitor was selling an item for as little as a penny less, according to one segment of the newly unredacted evidence. Continue reading...

Trump ally grilled by lawmakers over ‘terrible decisions’ on vaccines, public health and funding cuts to key programsUS politics – latest updatesVaccines and public health dominated a frequently contentious hearing with Robert F Kennedy Jr on Thursday before the US House ways and means committee.Kennedy, the controversial health secretary and a longtime vaccine opponent, has overseen sweeping changes to routine vaccination recommendations and has promoted misinformation even amid the biggest measles outbreak in decades. Continue reading...

Jay Bryant negotiating plea deal in New York death of Run-DMC star, over which one conviction has been overturnedOne of the three men charged in the killing of Jam Master Jay plans to plead guilty, court records show, in what would be the first admission anyone has made in court to any role in the Run-DMC star’s death in 2002.Jay Bryant pleaded not guilty to murder after his 2023 indictment, but his lawyer and federal prosecutors told the court in recent letters that they were negotiating a plea agreement. Continue reading...

Met police look into incident near office of Iran International after attempted firebombing of a synagogueCounter terror investigators are examining three separate arson attacks in London against an Iranian dissident and Jewish targets amid fears the Iranian state may be behind them.The latest attack came on Wednesday evening at about 8.30pm against the offices of the parent group of a company that runs Iran International, a Persian news channel which opposes the regime in Tehran. Continue reading...

Leader of Tories criticises Farage after he says holding another independence vote ‘probably quite reasonable’Kemi Badenoch, the leader of the Conservative party, has accused Nigel Farage of being an opportunist who does not believe in unionism after he urged Scottish nationalists to back Reform.Farage said earlier this week he believed in “genuine nationalists” who do not support the Scottish National party’s bid to rejoin the EU, and urged them to vote Reform in the Holyrood election on 7 May. Continue reading...

Paramount confirmed the actor will play flying ace Maverick again in one of first major films in new eraTom Cruise is heading to the skies once again with the confirmation of Top Gun 3.While a sequel had been reportedly in the works since 2024, this week saw an official announcement from Paramount during the annual CinemaCon presentation. The 63-year-old will headline the third film in the action drama series with no other returning cast members confirmed. Continue reading...