Jim Chalmers’ negative gearing changes could backfire spectacularly

Basically, this is a you-break-it, you-bought-it situation. Treasurer Jim Chalmers now owns house prices. Whatever happens, he will be held responsible. His changes to negative gearing and capital gains tax are monumental.... Read more »

Markets today: Wall Street mixed, ASX set to slip; Warsh narrowly confirmed as new Fed chair

Stan Choe Updated May 14, 2026 — 6:41am,first published 5:20am Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA A rebound... Read more »

Keir Starmer resignation calls: Health Secretary Wes Streeting emerges as leadership challenger, warring sides pause for King’s speech

Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA London: Warring factions are set for bruising fight over the Labour leadership... Read more »

Cannon by Lee Lai becomes first graphic novel to win the Stella Prize

When Lee Lai published her graphic novel Cannon, she had no idea how it would land with readers. “I never can tell what is going to resonate,” she tells ABC Arts. It... Read more »

Mussel farmer Aroma Aquaculture fined $24k for biosecurity breaches

Company director Ben Winters appeared at sentencing in the Christchurch District Court on Wednesday. Photo: LouisDunham A South Island mussel farming company that unlawfully moved hundreds of tonnes of live shellfish from... Read more »

Gunshots ring out at Philippine senate as ICC seeks arrest of former police chief

Gunshots have been heard inside the Philippines’ parliament as chaos erupted around the building in anticipation of the arrest of a top senator. Senator Ronald dela Rosa has taken refuge in his... Read more »

Blast furnace worries grow as Whyalla steelworks remains ‘fiscal risk’ to federal budget

The federal government’s hundreds of millions of dollars in support for the Whyalla steelworks remains a “fiscal risk”, according to the budget papers, as the state government warns it may need extra... Read more »

Stella prize 2026: Lee Lai becomes first non-binary person and first graphic novelist to win with Cannon | Stella prize

As the 2026 winner of the Stella prize, Lee Lai has established two new firsts: the first ever non-binary winner with her book Cannon, which is the first graphic novel to win... Read more »

Kim Teo fears CGT reform will take Australian startups off the menu

Startup support measures won’t help founders if they leave the country to escape capital gains tax, Me&u CEO Kim Teo says, after a federal budget that scrapped a tax break benefiting successful... Read more »

Mortgage holders warned of rate hike as budget fails to tame inflation

Cash-strapped mortgage holders could be paying more on their home loan, as the national budget does little to remove excess inflation. In a grim warning, economists say the budget did not do... Read more »