RBA Governor Criticizes Albanese Government Spending
Reserve Bank Governor Michele Bullock has slammed the Albanese government's spending, saying it contributes to persistent inflation. The RBA raised rates to 4.35%, hitting mortgage holders.
Reserve Bank Governor Michele Bullock has slammed the Albanese government's spending, saying it contributes to persistent inflation. The RBA raised rates to 4.35%, hitting mortgage holders.
The price of whey protein concentrate has surged 90% in a year, driven by demand from weight-loss drug users and healthier eating trends, prompting dairy giants to invest heavily.
UK consumers received £3.5bn in 'friendly fraud' refunds over 12 months, with 7.9 million disputes. Only 18% of illegitimate claims were denied, and repeat fraud is common.
Joao Pedro expresses sorrow for Chelsea fans after a 3-1 home defeat to Nottingham Forest, their sixth straight Premier League loss, and calls for consistency and better performances.
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RecommendedPhil Foden has provisionally agreed a four-year contract extension with Manchester City, keeping him at the club until 2030 despite recent form dip.
UK budget airlines Ryanair, EasyJet, Jet2, and Wizz Air reassure travellers of normal summer schedules despite warnings of jet fuel shortages from Middle East imports.
Goldman Sachs warns the UK is most exposed to jet fuel shortages due to Iran war, with no strategic reserves and critically low inventories, raising rationing fears.
Nearly 1.4 million older people could receive over £4,300 in extra support from Pension Credit. Learn who qualifies, how to apply, and common myths debunked.
Pep Guardiola insists Manchester City will keep fighting for the Premier League title after a dramatic 3-3 draw with Everton, admitting the race is now out of their hands.
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RecommendedUK new car registrations rose 24% in April to 149,247, rebounding from tax-driven slump in 2025, says SMMT.
A new interactive map reveals surprising cities that lie on the same latitude, from Edinburgh and Moscow to New York and Madrid, highlighting shared daylight hours.
Vodafone will acquire CK Hutchison's 49% stake in VodafoneThree for £4.3bn, gaining full control of the UK's largest mobile network with over 27 million subscribers.
HSBC reported a 4% profit drop in Q1 2025, hit by a $400m fraud-related charge and $300m set aside for Middle East conflict impact, sending shares down over 5%.
Asian stock markets fell sharply Tuesday, mirroring Wall Street losses, as US-Iran conflict escalates. Oil prices retreated after a surge amid fragile ceasefire and new military actions.
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RecommendedThe UK new car market grew by nearly a quarter in April, with 149,247 registrations, as the industry rebounds from tax rises that depressed sales in 2025.
Phil Foden has provisionally agreed a new four-year deal with Manchester City, keeping him at the club until 2030 despite recent form struggles.
Chancellor Rachel Reeves faces warnings that her 2028 pay-per-mile tax on EVs could cost the economy billions and slow electric vehicle adoption.
HSBC reported a slight dip in pre-tax profits to $9.4bn in Q1 2026, down from $9.5bn a year earlier, due to higher credit impairments and operating expenses, though revenue rose 6% to $18.6bn.
HSBC's first-quarter pre-tax profit fell to $9.4B, missing forecasts due to a $400M fraud loss in the UK and $300M from the Iran war, as bad debt provisions jumped 50%.
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RecommendedThe 2026 Met Gala theme 'Costume Art' and dress code 'Fashion is Art' spark debate on whether fashion qualifies as art, contrasting views from Lagerfeld and Warhol.
Victoria's 2026-27 budget focuses on infrastructure, cost-of-living relief like free transport and half-price fares, but debt nears $200bn, raising concerns for future generations.
Government officials warned that Jaguar Land Rover might have moved production abroad without a £380m subsidy for its sister battery company, Agratas, potentially triggering an exodus from the UK car industry.
The Reserve Bank of Australia raised the cash rate to 4.35%, warning of further increases due to inflationary pressures from higher fuel prices and the Iran war's economic impact.
Reserve Bank of Australia raises official cash rate to 4.35%, the third hike in 2026. Governor Michele Bullock warns more increases may be needed to curb inflation.
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RecommendedA new meta-analysis suggests that eating earlier in the evening, even without calorie reduction, improves metabolic health markers like blood sugar and insulin levels.
HSBC reported a $100m drop in pre-tax profits to $9.4bn in Q1 2026, partly due to a $400m fraud-related credit loss in the UK from private equity loans.
Chang Bingyu earned £172,000 at the World Snooker Championship despite not making the main draw, thanks to two 147 breaks and a highest break prize.
HSBC's pre-tax profit fell to $9.4bn in Q1 2026, down from $9.5bn a year earlier, due to higher credit losses and operating expenses, despite revenue growth of 6%.
Manchester City's Premier League title ambitions suffered a blow as a 13-minute collapse at Everton ended in a 3-3 draw, with Guardiola's side missing key players and composure.
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RecommendedAsian stocks fell Tuesday tracking Wall Street losses, while oil prices pared gains amid escalating US-Iran tensions and a fragile ceasefire.