Politics

‘Someone with access to privileged information appears to have made hundreds of millions in profit by trading on a political secret before it became public.’

The world has had its ‘comfort blanket’ ripped away and learned that distance no longer provides safety when economic dependencies can be weaponised, Europe’s president has warned Australian politicians.

Skyrocketing fuel prices and the prospect of more interest rate rises have caused consumer confidence to plunge to a record low.

Europe is poised to overtake the US as Australia’s second-biggest trading partner after Prime Minister Anthony Albanese and EU Commission President Ursula von der Leyen signed a blockbuster trade deal.

Benchmark prices fell 9 per cent to around $US97.50 after US President Donald Trump gave Iran five days to respond to peace talks.

There have been United States-Iran talks and a deal could be done soon to settle the war, US President Donald Trump says.

The Pilbara’s status as Australia’s economic powerhouse is under threat from rising union activity that ‘doesn’t help productivity’, the head of mining’s peak lobby group says.

Australians have been warned to brace for higher prices in supermarkets, cafes and shops — and even shortages — in coming weeks as the deepening fuel crisis begins to ripple through supply chains.

Secretive testing of an advanced hypersonic weapon capable of travelling at five times the speed of sound is believed to be underway in remote South Australia.

Australia can no longer trust a bunch of kingdoms and caliphates in the Middle East to provide our fuel security.

The world’s energy watchman has warned the oil and gas crisis prompted by the US-Israel-Iran war is worse than the energy shocks of the 1970s ‘which led the world to recession’.

Federal Climate Change and Energy Minister Chris Bowen confirmed fuel rationing has been reviewed by his department as more than 200 service stations ran out of petrol in NSW, Queensland and Victoria.

LATIKA M BOURKE: Australia is catching up with the anti-globalisation and anti-establishment sentiment that has swept through the UK and US.

Russia’s audacious bid to help their NATO ally maintain his grip on power.