Despite

• One Nation-leider Hanson en Barnaby Joyce vlogen in het vliegtuig van Gina Rinehart van de Sunshine Coast naar Mount Isa, voordat ze een charter namen om overstroomde gemeenschappen te bezoeken. • Pauline Hanson heeft de belastingbetalers bijna $16.000 in rekening gebracht voor privéchartervluchten om door het door overstromingen getroffen Queensland te reizen op suggestie van miljarderes Gina Rinehart, ondanks haar eerdere bewering dat de reis "geen kosten voor de belastingbetaler" met zich meebracht. • In januari vlogen Hanson en Barnaby Joyce in de luxe Gulfstream G700 van Rinehart van de Sunshine Coast naar Mount Isa, waarna ze met chartervluchten naar overstroomde gemeenschappen rond Julia Creek reisden om lokale burgemeesters te ontmoeten.

• Republikeinen in het Huis drijven op 12 mei door met aanpassingen aan een door de Senaat aangenomen woningbouwpakket, zelfs nadat president Trump opriep tot de aanname van de oorspronkelijke versie zonder wijzigingen. • Deze inspanning valt samen met pogingen van de regering om 1 miljard dollar aan beveiligingsfondsen binnen een groter, partijlijn-gebaseerd uitgavenpakket gericht op immigratiehandhaving te verkrijgen, wat mogelijk Trump's ballroom-project ondersteunt. • Directeur van de Secret Service, Sean Curran, ontmoette dinsdag Republikeinen in de Senaat om steun veilig te stellen, terwijl Trump een deadline van 1 juni heeft gesteld aan wetgevers om de wetgeving af te ronden.

• Groenen zijn in toenemende mate in conflict, maar beginnen te profiteren van het steunen van de 'Make America Healthy Again'-beweging van Robert F. Kennedy Jr. • Milieugroeperingen wezen Kennedy publiekelijk af tijdens zijn presidentscampagne, maar sommigen sluiten zich nu stilletjes aan bij de langdurige milieuadvocaat. • Deze verschuiving is van belang omdat het de kloof overbrugt tussen traditionele groenen en de op gezondheid gerichte agenda van MAHA, wat de invloed op het beleid potentieel kan vergroten.

• De MSCI-index voor Aziatische aandelen steeg bij de opening met 1%, waarbij de Zuid-Koreaanse markt met wel 5% naar een recordhoogte steeg, gedreven door optimisme over investeringen in kunstmatige intelligentie. • Brent crude olie steeg met 3,6% tot bijna $105 per vat nadat president Donald Trump het antwoord van Iran op zijn vredesvoorstel afwees, wat de spanningen en de feitelijke sluiting van de Straat van Hormuz verlengde. • US S&P 500 futures daalden met 0,1% naar aanleiding van het nieuws, terwijl de momentumstrategie die recente winnaars zoals tech bevoordeelt de Aziatische markten een impuls gaf, ondanks dat risico's in het Midden-Oosten inflatievrees aanwakkerden en obligatierendementen verhoogden.

• Hoogleraren bestempelen het voorstel van de Judge business school om diensten en trainingen aan te bieden als 'verschrikkelijk'. • De business school van de Universiteit van Cambridge probeert "leiderschapsontwikkeling" en "innovatiemanagement" te bieden aan het Saoedische defensieministerie, ondanks zorgen over het trackrecord van de regering op het gebied van mensenrechten en klimaatverandering, aldus onderzoek van the Guardian. • De leiding van Cambridge heeft een voorstel van de Judge business school goedgekeurd om een "memorandum of understanding" met het ministerie te sluiten voor diensten en trainingen, na een eerste introductie door het Britse Ministry of Defence.

• Winst van het staatsoliebedrijf van Saoedi-Arabië steeg met 26% naar £26,9 miljard in de eerste drie maanden van het jaar • Business live – laatste updates • Het staatsoliebedrijf van Saoedi-Arabië rapporteerde een stijging van de winst met 26% in het eerste kwartaal, aangezien de oost-westpijpleiding het mogelijk maakte om miljoenen vaten olie uit de Golf te verschepen ondanks het conflict in het Midden-Oosten.

• De minister van Onderwijs zegt dat kiezers zich teleurgesteld voelen, maar niet willen dat Labour 'meer tijd besteedt aan intern overleg'. • Labour-woordvoerders zouden het fout doen als ze Keir Starmer zouden afzetten, ook al hebben kiezers de partij bij de stembussen een "stevige tik" gegeven en voelen mensen zich "bitter teleurgesteld", aldus minister van Onderwijs Bridget Phillipson. • Phillipson zei dat Labour "te somber" was geweest en een fout had gemaakt door te proberen de winterbrandstoftoeslag in te trekken, nadat de partij donderdag bij de lokale verkiezingen de controle over ongeveer 40 raden en 1.500 zetels verloor.

• Ocean Network Express (ONE) posted a US$55 million profit in the fourth quarter of FY2025 as freight rates recovered, though overall cargo movements remained sluggish throughout the year. • The container shipping company faced persistent headwinds from weak cargo demand in 2025, signaling continued challenges in the global freight market. • Industry observers view ONE's modest profitability as reflective of broader shipping sector weakness, with market recovery dependent on improved global trade volumes.

Badenoch’s statement came after the Conservatives won back Westminster and Wandsworth councils in LondonElections 2026 live: latest news updatesFull results from England, Scotland and WalesKemi Badenoch has claimed that the Conservatives are “coming back” after winning back Westminster and Wandsworth councils from Labour in London, despite her party suffering significant losses throughout England in Thursday’s elections.The party also saw off a threat from Reform in Bexley. But the Tories suffered a series of losses in Essex, where Badenoch herself is an MP, losing 13 seats while Reform gained 52. It held on to Harlow, securing all 11 district council seats available. Continue reading...

Promises to cut emissions and use more fuel-efficient planes fail to stop rise, with Ryanair’s carbon footprint 50% up on 2019Emissions from flying in Europe have now passed pre-pandemic levels, with Ryanair’s carbon footprint 50% higher than in 2019, research has shown.Total aviation emissions continue to increase despite industry pledges to decarbonise and the introduction of more fuel-efficient planes, driven by the massive expansion of low-cost carriers. Continue reading...

Leader defiant in face of calls from some of his MPs to quit but admits ‘results are tough, and there’s no sugarcoating it’Election 2026 live: latest news updatesFull results from England, Scotland and WalesKeir Starmer has vowed to fight on as prime minister despite early results in local elections that show his party suffering heavy losses, many at the hands of Nigel Farage’s Reform UK.Starmer struck a defiant note on Friday morning in the face of calls from some of his MPs to quit, insisting he remained as determined as ever to deliver the promises on which he was elected less than two years ago. Continue reading...

A booming tech sector has disrupted translation jobs in publishing – but they could be needed for a while longer yetIn February 2022, while he was plugging away at rendering the US writer Dana Spiotta’s novel Wayward into French, the literary translator Yoann Gentric decided he needed a bit of light relief. He would test whether AI could put him out of work.Gentric had been grappling with a short non-verbal sentence that described the book’s protagonist’s feelings upon opening a window: “Bright, sharp night air, bracing.” He put the prompt into DeepL, a neural-network-powered machine translation engine that regularly outperforms Google Translate in accuracy assessments. Continue reading...

• India's largest companies have seen profits surge over 30% annually since the pandemic, yet private investment remains weak with capital outflows nearly matching FDI inflows. • Chief Economic Adviser V. Anantha Nageswaran and Finance Minister Nirmala Sitharaman publicly questioned the reluctance amid tax incentives, infrastructure push, and record corporate cash reserves. • Experts cite safety preferences by family-run businesses, funds parked in family offices by heirs, and high perceived political-regulatory risks as key barriers.

• Southern Republicans are pressing forward with election-year House redistricting efforts, including an aggressive gerrymander in Tennessee demanded by Trump. • The moves come amid widespread protests and legal challenges, with PBS reporting on resistance in multiple states. • These changes could reshape congressional seats ahead of the 2026 midterms, potentially benefiting GOP majorities.

• Tamilaga Vettri Kazhagam (TVK), led by Vijay, secured 107 seats and gained 5 from Congress, totaling 112, but remains 6 short of the 118 needed for majority. • Governor Rajendra Arlekar is not convinced of TVK's numbers, delaying Vijay's swearing-in as Chief Minister despite his request for time to prove majority. • VCK remains undecided on support, while Left parties and IUML have declined, heightening political uncertainty in the state.

• Grab's Q1 2026 earnings surged 466.7% to US$136 million from US$24 million in Q1 2025, reinforcing analyst confidence in the ride-hailing and delivery platform. • Analysts view Grab as the clear regional leader in Southeast Asia despite facing ongoing regulatory challenges across multiple markets. • The company's strong profit growth demonstrates the sustainability of its business model even amid tightening regulatory scrutiny in the region.

• AI coding startup Cursor agreed to a $60 billion conditional takeover from SpaceX last month but is keeping distance from xAI integrations. • Rivals anticipated deeper ties, but Cursor emphasizes operational autonomy post-potential acquisition. • The move highlights tensions in AI ecosystem consolidations amid Elon Musk's overlapping ventures.

Owner-occupier mortgage growth slowed under growing costs while investor loans grew by $42bn in the year to March, a 9.6% increaseGet our breaking news email, free app or daily news podcastProperty investor borrowing rose at its fastest rate in a decade in March, according to the Reserve Bank, despite higher interest rates and speculation about property tax changes.Owner-occupier loan growth slowed under the weight of growing mortgage costs but investor lending is continuing its record surge. Continue reading...

President says US navy will ‘guide’ stranded ships out of waterway but report says warship was hit by IranMiddle East crisis – live updatesThe world’s shipping industry has questioned if vessels will be able to travel safely to and from the Gulf after Donald Trump announced his latest plan to open the strait of Hormuz.The US president wrote on Monday that the navy would “guide” stranded ships out of the waterway, writing on his social media site Truth Social that the operation, “Project Freedom”, would be a humanitarian gesture “on behalf of the United States, Middle Eastern Countries but, in particular, the Country of Iran”. Continue reading...

• Infosys reported Q4 net profit up 21% to Rs 8,501 crore, though shares fell 3.6% on weak revenue guidance. • IT sector faces pressure from BFSI weakness and higher costs, impacting peers like Cyient. • Results highlight mixed quarterly outcomes in tech amid global demand shifts.

German chancellor downplays US military drawbacks and president’s barbs in TV interviewThe German chancellor, Friedrich Merz, has said he will not give up on working with the US president, Donald Trump, despite a spat between the leaders over the war in Iran.“I am not giving up on working on the transatlantic relationship,” Merz told the public broadcaster ARD in an interview due to air on Sunday night. “Nor am I giving up on working with Donald Trump.” Continue reading...

• The Federal Reserve maintained interest rates unchanged at its latest meeting but signaled a more hawkish stance, shifting investor sentiment regarding future policy direction. • Tech sector earnings continued to show strong numbers, though stock market reactions remained mixed, with the S&P 500 rising 1% for the week as equities powered through higher oil prices and a backup in yields. • Fed Chair Jerome Powell announced he will not retire after his term ends next month, committing to serve as a constructive governor rather than a shadow Fed chair.

Pete Hegseth argued that a ceasefire agreement with Iran more than three weeks ago ‘means the 60 day clock pauses, or stops’Sign up for the Breaking News US email to get newsletter alerts in your inboxHello and welcome to our live coverage of the day.Today marks 60 days since the Trump administration notified Congress that it was carrying out strikes on Iran – meaning that under the War Powers Act of 1973, today is the deadline for Donald Trump to either end the Iran war or seek congressional authorization to extend it.Jeanine Pirro, the top federal prosecutor in Washington DC, released edited security-camera video of the incident at the White House correspondents’ dinner amid questions about whether or not the suspected gunman, Cole Allen, fired his weapon before being subdued. While the video shows four muzzles flashes from the agent’s gun as he fired at Allen, it was not immediately clear that it does show Allen discharging his weapon after he pointed it at the agent.Sean Curran, the director of the US Secret Service, told Fox News that Allen was stopped not by secret service gunfire, but by a box used to transport a metal detector, which he tripped over.Congress has passed a 45-day extension of section 702 of the Foreign Intelligence Surveillance Act, a law that grants US intelligence agencies warrantless spying powers.Trump has threatened to withdraw troops from Spain and Italy, two countries that countries have been vocally critical of his war in the Middle East. This comes after Trump suggested reviewing US military presence in Germany after the country’s chancellor said America was being “humiliated” by Iran. Continue reading...

Rise of 3% in April, the fastest annual pace in 11 months, leaves typical property worth £278,880, says NationwideBusiness live – latest updatesHouse price growth in the UK has surprised estate agents and economists by jumping in April at the fastest annual pace in 11 months, according to Nationwide.The UK’s biggest building society said its mortgage data showed that house prices unexpectedly rose by 3% in April on a year earlier, from 2.2% in March, leaving the typical UK property worth £278,880. Continue reading...

• Oil prices surged amid Iran-U.S. conflict threatening global supplies, but U.S. stocks remained resilient near record highs driven by strong earnings from Visa and Starbucks on April 29, 2026. • S&P 500 edged down 0.1%, Dow fell 286 points or 0.6%, Nasdaq up 0.1%; Visa shares jumped 8.3% on resilient consumer spending per CEO Ryan McInerney, Starbucks climbed 8.6% with higher per-visit spending in North America. • Federal Reserve officials hinted at no 2026 rate cuts, nearly eliminating investor bets and nearly favoring hikes due to inflation from energy prices; bond market trembled.

The Israeli military began carrying out strikes in eastern Lebanon on Monday, expanding the scope of its bombing campaign during a ceasefire that has failed to fully halt hostilities with Lebanese armed group Hezbollah.

One by one, the pins have been knocked out from under B.C. businessman Fred Sharp: He's been fined tens of millions of dollars for his role in stock-market schemes, he's banned from equity markets in Canada, his bank accounts were frozen. But he still has his freedom, and it's not clear why.

• Ukrainian officials acknowledged on Monday that Russian forces have captured additional territory in eastern Donbas region despite increased deliveries of Western arms and ammunition over the past 30 days. • Kyiv's military command reported that Russian forces are attempting encirclement operations near Bakhmut and Popasna, forcing Ukrainian units into tactical withdrawals in select areas. • The Pentagon reaffirmed commitment to Ukraine, announcing a $500 million weapons package including air defense systems and precision munitions, with U.S. officials emphasizing the long-term nature of support.