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US households and businesses have been battered by years of higher-than-target inflation, and prices have surged in the wake of Trump's war on Iran, his signature tariff policies and the ongoing AI boom.

Donald Trump said that Venezuela should no longer be designated as having failed demonstrably to fulfill its drug control commitments.

Follow the day’s news liveGet our breaking news email, free app or daily news podcastBarnaby Joyce says Labor is copying and pasting One Nation’s homework because the measures we know so far around blocking the families of international students and preventing visa hopping have some similarity to what Pauline Hanson is suggesting.Speaking to the Today show a little earlier, Joyce says Burke’s last minute cancellation at the press club was “the greatest no-show since Amelia Earhart”.[Burke] can’t possibly be about to announce One Nation’s policy. I mean, Tony’s a great guy, right? I like Tony, but honestly, he was the greatest no-show since Amelia Earhart when he didn’t turn up to the Press Club …What I’ve heard thus far is that it’s an exact replication, but not to the extent of what One Nation is doing.I will be watching this with absolute fascination and some trepidation, and I’ll be waiting for Jim Chalmers to explain his new budget.I was on polling booths with my colleagues like Sally Sitou. I was out there in Reid with her in those last weeks of the campaign, standing there for hours at a time. She would be surrounded by men a foot taller than her, stopping her physically talking to or giving information to voters.I would think secretly paying known rightwing figures to disrupt events and pretend that they are just disgruntled citizens having their say is certainly immoral, if it’s not illegal. Continue reading...

According to the report, two individuals familiar with the matter, reporting that the strike involved four Iranian drones alongside at least one missile, with a projectile making direct impact while the ship navigated the strategic waterway.

Boys aged 14 and 16 charged after Marco Tapia, 23, was killed inside his family’s home in Glen AlpineFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastTwo teenage boys have been charged with murder after the shooting death of a university student in Sydney this month, which police say was a case of mistaken identity.Marco Tapia, 23, was shot inside his family’s home in Glen Alpine early on 1 September. Continue reading...

The US artist, whose swirly, colorful, instantly recognizable designs became hugely commercially successful, died on MondayPeter Max, whose colorful, psychedelic pop art expressed the optimism of the “flower power” movement of the 1960s and graced everything from postage stamps to a cruise ship, has died at 88.Max died on Monday, his son, Adam Max, said in a written statement on Wednesday. No cause was given. Continue reading...

Speaking to CBS News on Tuesday, Zelensky said his aircraft was in Moldova when the first incident took place. He claimed a similar incident occurred when he travelled back through the country.

Warning comes as forecast for nation’s economic growth downgraded amid concerns over rising debt and inflationFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe International Monetary Fund has called on Australia’s federal and state governments to cut spending as it warns the Reserve Bank may have to hike interest rates further to get price pressures back under control.More disciplined budgets would rein in rising debt burdens and help solve Australia’s long-running inflation problem, the IMF said in a new report, as it downgraded its forecast for Australia’s economic growth in 2027. Continue reading...