Stock markets on both sides of Atlantic up as concerns ease over prospect of another inflationary shock
Oil prices have fallen to pre-Iran war levels as more oil tankers exited the strait of Hormuz.
Brent crude, the global benchmark, fell to a low of $72.24 a barrel on Thursday, slightly lower than the day before the US and Israel launched missile attacks on Tehran on 28 February. Prices have fallen more than 20% this month.
Continue reading...Police confirm they are investigating as sources close to Guy say he vehemently denies the allegations and is considering legal action
Get our breaking news email, free app or daily news podcast
The Victorian Liberal party is in turmoil just five months out from the state election after MP Moira Deeming accused colleague Matthew Guy of assaulting her at a community event.
Sources close to Guy, the opposition’s public transport spokesperson, said he vehemently denies the allegation, which is being investigated by police, and is considering a defamation legal action against Deeming.
Continue reading...Nine Entertainment is expected to sever ties with the Today show host but is yet to make details of the separation public
Get our breaking news email, free app or daily news podcast
Karl Stefanovic will not appear on his scheduled Friday afternoon radio show with Eddie McGuire after widespread criticism of his podcast interview with UK far-right activist Tommy Robinson.
Stefanovic only recently signed the deal with ARN Media to co-host The Long Weekend nationally on Gold FM, but the threat of an advertising boycott has led to the contract being reviewed, Guardian Australia understands.
Continue reading...Oxfam predicts PNG will be worst-hit country in Pacific from the weather pattern, with up to 3 million people affected nationwide
Families across Papua New Guinea’s Highlands are facing depleted harvests and the threat of hunger after the El Niño weather pattern brought frost and prolonged dry conditions that have destroyed food gardens providing sustenance and income for thousands of households.
The effects of El Niño emerged in recent weeks, bringing drought conditions, falling water levels and frost that are threatening food security in some of the country’s most agriculturally productive regions.
Continue reading...