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Australia’s most prominent portrait prize was announced on Friday at the Art Gallery of NSW, where the finalist exhibition will open on SaturdayArchibald prize 2026 finalists: Virginia Trioli, Jan Fran, Ahmed al-Ahmed and more – in picturesRichard Lewer has been awarded the 2026 Archibald prize for his portrait of Pitjantjatjara elder, traditional healer and senior artist Iluwanti Ken.The New Zealand-born, Melbourne-based artist was announced as the winner of the $100,000 prize at the Art Gallery of New South Wales on Friday. The judging panel, comprised of the gallery’s trustees, selected the work unanimously from a field of 59 finalists whittled down from 1,034 entries. Continue reading...

Steve Roth was responding to the announcement by New York’s mayor of tax on second homes worth more than $5mSign up for the Breaking News US newsletter email The phrase “tax the rich” can be “just as hateful as some disgusting racial slurs”, according to New York City billionaire Steve Roth, who said that the top 1% should be “praised and thanked”.Speaking on his company’s quarterly earnings call on Tuesday, Roth, the CEO of Vornado Realty Trust, expressed his support for fellow billionaire and the CEO of Citadel, Ken Griffin, who was singled out in New York mayor Zohran Mamdani’s 15 April announcement of the state’s first “pied-à-terre” tax on second homes valued at more than $5m. In a video, Mamdani announced the policy in front of Griffin’s penthouse, which he said was purchased for $238m. Continue reading...

Germany’s chancellor suggests Trump administration is being outwitted at negotiating table by TehranThe US is being “humiliated” by Iran’s leadership, according to Friedrich Merz, Germany’s chancellor, who suggested the Trump administration was being outwitted at the negotiating table by Tehran.Two days ago Donald Trump cancelled a trip by US negotiators to Islamabad for indirect talks with an Iranian delegation. A previous round in the Pakistani capital two weeks earlier, when JD Vance, the American vice-president, led the US delegation, broke up without progress. Continue reading...

• Iran has announced the resumption of uranium enrichment to 80% purity at its Natanz facility, signaling a breakdown in ongoing ceasefire negotiations with the United States. • International Atomic Energy Agency inspectors confirmed the announcement on Friday; Iran's move violates terms of previous diplomatic agreements and heightens regional security concerns. • The escalation comes as negotiators report deadlocked talks over sanctions relief, with both sides blaming the other for refusing compromise on nuclear program restrictions.

Survey by global economic forum shows ‘tax wedge’ in Britain increased to 32.4% of income in 2025Business live – latest updatesTaxes on workers in Britain rose at the fastest rate among the world’s richest economies last year, according to the Organisation for Economic Cooperation and Development.With Labour under pressure on the economy amid the Iran war, the OECD said a key measure of the total tax paid by workers and their employers rose by the most in the 38-member club of rich nations in 2025. Continue reading...

Tice’s image on X was almost certainly generated or altered using AI, according to Peryton IntelligenceIn a picture of a blue-skyed day in Birmingham, a diverse group of Reform supporters gathered with placards and cheesy grins to knock on doors for their party. Richard Tice, the party’s deputy leader, posted the picture as evidence of the activists’ commitment through thick and thin.“That is what resilience looks like,” he wrote. “This is what belief looks like.” Continue reading...

Deputy leader ran shell companies that reportedly did not pay tax on profits from 2020 to 2022, during which time his firm donated £1.1m to partyRichard Tice allegedly failed to pay almost £100,000 in corporation tax to the benefit of his investment company, which in turn made donations to Reform UK, it has been reported.In response to the report in the Sunday Times, the deputy leader of Reform UK posted a lengthy statement on X, in which he said: “A long career with multiple businesses is bound to feature some errors. Naturally I am always happy to put things right and if numbers need rechecking, of course I will pay what is owed – be that more or less.” Continue reading...