One-quarter of homeowners could be spending 30% of their income on loans by late-2023, RBA says

07/10/2022 04:37 The Guardian

Reserve Bank warns households with high debt relative to income are ‘particularly vulnerable to shocks’Get our free news app, morning email briefing or daily news podcastFollow our Australia news live blog for the latest updatesThe Reserve Bank of Australia says more than a quarter of mortgage holders will be spending at least 30% of their income to repay debt if the central bank’s key interest rate peaks at the level expected by investors in mid-2023.The RBA’s semi-annual financial stability review, released on Friday, found Australian households, firms and banks were “entering this more challenging environment in a strong financial position”, as interest rates rose and global economic headwinds strengthened. Strains, though, were unevenly felt and would likely intensify. Continue reading...

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Middle East crisis live: Israel launches fresh strikes on Tehran; Iran claims to have targeted Kurdish groups in Iraq

Tehran says it hit groups ‘opposed to the revolution’, amid reports the US is looking to arm Kurdish militiasIran says it has targeted Kurdish groups in Iraq and warned “separatist groups” against action in the widening war.Tehran said on Thursday it had hit Iraq-based Kurdish groups “oppo...

05/03/2026 09:36 The Guardian

Spain rejects White House comments that it now backs US-Israel war on Iran – Europe live

The White House press secretary earlier said Spain had agreed to ‘cooperate with the US military’ after Donald Trump threatened to cut trade to SpainNordic correspondentThe bank of Sweden has released new guidance advising Swedish households to keep a “warchest” of 1,000 SEK (about £81) per...

05/03/2026 09:36 The Guardian

Globalisation is under threat from Iran war – and Britain is uniquely vulnerable

Economic ripples from US-Israel attacks will soon become waves, engulfing everything from energy prices to foodIn retaliation for the US-Israeli missile attacks, Iran has launched what amounts to all-out economic warfare. Should the conflict continue even for another week, its impacts will start to...

05/03/2026 08:34 The Guardian

UK defence secretary flies to Cyprus amid fallout over RAF base drone strike

John Healey meets Cypriot counterpart after Shahed-style drone evaded defences and hit Akrotiri airbase on islandUS-Israel war on Iran – live updatesJohn Healey has flown to Cyprus to calm the diplomatic fallout over a drone that evaded detection and hit an RAF base, which has prompted fury from l...

05/03/2026 07:51 The Guardian

US did not share details with the UK before attacking Iran, sources say

Donald Trump has also criticised Keir Starmer’s initial decision not to allow the US to use UK military bases in the warThe US did not share exact operational details or timings with the UK before the joint strikes with Israel on Iran, sources have told the Guardian.The US decision to cut the UK o...

05/03/2026 06:00 The Guardian

Lobbyists send legal threats to councils over anti-wood burner campaigns

At least eight councils receive legal threats alleging flyers criticising wood burners are in breach of advertising codesLobbyists for the UK wood-burning stove industry have threatened councils with legal action over public information campaigns warning of the harms of air pollution.At least eight...

05/03/2026 06:00 The Guardian

US submarine sank Iranian warship, Hegseth says – as it happened

This blog is closed. Please follow our continuing coverage on our new liveblog hereLebanese state media said that four people were killed and six more were wounded in an Israeli strike on a building in Baalbek in eastern Lebanon on Wednesday.“The initial toll is four killed and six wounded, and wo...

05/03/2026 04:09 The Guardian

Pentagon releases names of final two soldiers of six killed in Kuwait

Chief Warrant Officer Robert Marzan, 54, and Maj Jeffrey O’Brien, 45, were from California and IowaThe Pentagon has released the names of the final two of the six soldiers who were killed during a recent drone strike in Kuwait. They were killed on Sunday, the day after the US and Israel launched s...

05/03/2026 02:51 The Guardian

Ukraine war briefing: Russia claims LNG tanker in Mediterranean hit by drones

The Arctic Metagaz had been carrying 61,000 tonnes of liquefied natural gas when it exploded; Ukrainian drones reported to have hit southern Russia. What we know on day 1,471Vladimir Putin, the Russian president, has accused Ukraine of carrying out a attack on one of its liquefied natural gas (LNG)...

05/03/2026 02:46 The Guardian

Sam Altman admits OpenAI can’t control Pentagon’s use of AI

CEO’s claims come amid increased scrutiny of US military’s use of the technology and ethics concerns from AI workersSign up for the Breaking News US email to get newsletter alerts in your inboxOpenAI’s CEO, Sam Altman, told employees on Tuesday that his company does not control how the Pentago...

04/03/2026 22:55 The Guardian

Senate votes down resolution to prevent Trump from continuing war with Iran

War powers vote broke along party lines with almost all Democrats in support and most Republicans opposedSign up for the Breaking News US email to get newsletter alerts in your inboxSenate Republicans on Wednesday voted down an attempt to require Donald Trump receive Congress’s permission before c...

04/03/2026 22:27 The Guardian

Airstrikes hit Iran-Iraq border as US and Israeli plan to mobilise Kurds gathers pace

Experts say backing Iran’s ethnic communities could ‘open up a hornet’s nest’ and increase risk of chaotic civil warIntense waves of airstrikes have hit dozens of military positions, frontier posts and police stations along northern parts of Iran’s border with Iraq in what appears to be p...

04/03/2026 22:22 The Guardian

Putin accuses Ukraine of attacking gas tanker that exploded and sank off Libya

The Arctic Metagaz burst into flames before sinking after what the Russian president described as a terrorist attackVladimir Putin has accused Ukraine of carrying out a terrorist attack on one of Russia’s liquefied natural gas carriers which exploded into flames and sank in the Mediterranean Sea o...

04/03/2026 19:51 The Guardian

US submarine sinks Iranian warship as conflict spreads beyond Middle East

Frigate goes down off Sri Lanka as Washington and Israel step up their offensive and promise to hit ‘deeper’ targets in IranMiddle East crisis – live updatesA torpedo fired by a US submarine sank an Iranian warship off the south coast of Sri Lanka as the Trump administration followed through o...

04/03/2026 19:50 The Guardian

Starmer’s slow start in the war against Iran could leave UK playing catch-up

Prime minister’s initial refusal to help US could constrain Britain’s ability to protect its nationals in the Gulf and reassure alliesMiddle East crisis – live updatesBritain knew that the US was considering attacking Iran from the moment Donald Trump told protesters that “help is coming”...

04/03/2026 19:43 The Guardian

Gavin Newsom likens Israel to ‘an apartheid state’ and decries war on Iran

California governor, promoting his memoir in LA, was asked if US should rethink military partnership with IsraelSign up for the Breaking News US email to get newsletter alerts in your inboxGavin Newsom, the Democratic California governor, likened Israel to “an apartheid state” on Tuesday in comm...

04/03/2026 19:29 The Guardian

Australia politics live: stranded Australians return from Middle East; new inquiry into racism towards Indigenous Australians

Emotional scenes as people trapped by conflict land at Sydney. Follow today’s news liveGet our breaking news email, free app or daily news podcastGood morning and welcome to our live politics blog. I’m Martin Farrer with the top overnight stories and then Krishani Dhanji will pick up the slack.W...

04/03/2026 19:24 The Guardian

Badenoch gives a borderline disgraceful performance at PMQs on Iran | John Crace

At times like this you have to thank your lucky stars that the opposition leader is not in Downing Street On another day it might even have been quite funny. The mismatch between Kemi Badenoch’s self-belief and her performance. But Wednesday’s prime minister’s questions was far too serious for...

04/03/2026 19:08 The Guardian

Democratic slate for California governor’s seat still crowded despite warning from party head

Rusty Hicks had urged candidates with no ‘viable path’ to victory to drop out to ensure Democratic win in NovemberUS politics live – latest updatesSign up for the Breaking News US email to get newsletter alerts in your inboxOne day after California’s Democratic party urged candidates without...

04/03/2026 19:04 The Guardian

White House expected to face questions on Iran school bombing as Karoline Leavitt briefs press – US politics live

Press secretary expected to face number of questions on Trump’s handling of US-Israel war on IranSign up for the Breaking News US email to get newsletter alerts in your inboxGen Caine said today that the US will “now begin to expand inland, striking progressively deeper into Iranian territory”...

04/03/2026 19:04 The Guardian

Trump’s ‘quasi-dove’ era is over. Iran strikes expose his hawkish turn

Deploying the world’s most powerful military seems to exert an almost erotic fascination for Donald TrumpThis was originally published in This Week in Trumpland; sign up to receive it in your inbox every WednesdayIt was a claim uttered repeatedly on the 2024 campaign trail: “I’m the only presi...

04/03/2026 19:00 The Guardian

Saharan dust plume to transform UK sunrises and sunsets this week

Fine sand from Sahara will travel thousands of miles and when mixed with rain can leave harmless coating on carsA vast plume of Saharan dust is expected to light up the skies over much of the UK this week.The fine sand lifted from the deserts of north Africa will travel thousands of miles on warm so...

04/03/2026 18:36 The Guardian

Covid inquiry reaches ‘bittersweet’ final day of witness testimony

Campaigners say ‘hard-hitting, clear-sighted and damning’ inquiry – the most expensive in history – ‘absolutely has been worth it’‘A new normal’: inquiry’s key findings on how Covid changed UK societyBereaved families have marked the final day of witness testimony in the long-runni...

04/03/2026 18:16 The Guardian

Energy bills could rise by £160 after Iran conflict pushes gas prices higher

Household costs could reach £1,800 a year from July as UK market hits three-year highMiddle East crisis – live updatesHousehold energy bills could climb by £160 a year from this summer after the war in Iran pushed the UK’s gas market to a three-year high.A typical combined household gas and el...

04/03/2026 17:46 The Guardian

Israel strikes Tehran and Beirut as Iran vows ‘complete destruction’ in region

Rapidly escalating war enters fifth day and spreads as far as Indian Ocean with sinking of Iranian vessel off Sri LankaMiddle East crisis – live updatesIsrael has carried out a wave of airstrikes on Iranian security targets and Hezbollah in Beirut as Tehran threatened the “complete destruction o...

04/03/2026 17:43 The Guardian

‘Any threat against member state is threat against the EU’, says commissioner in response to Trump comments – Europe live

Stéphane Séjourné is the latest high-profile name to express solidarity with Spain over Trump’s comments last nightin MadridSánchez’s defiant speech may have been made in response to Trump’s threat to cut off all trade with Spain, but his words were also aimed every bit as much at other EU...

04/03/2026 16:22 The Guardian

War in Middle East ‘could wipe out growth in UK living standards’

Rising oil and gas prices may affect increase of £300 a year for typical working-age households, says leading thinktankThe Middle East crisis could trigger an energy price shock that more than wipes out the £300 rise in living standards a typical working-age household could otherwise expect this y...

04/03/2026 15:55 The Guardian

Pete Hegseth says Iranian regime is ‘toast’ as US expands military offensive

The Pentagon chief claims Tehran ‘cannot outlast’ US as strikes intensify and civilian toll climbsThe US will have complete, uncontested control of Iranian airspace within days, the Pentagon chief, Pete Hegseth, declared Wednesday, saying Iran “cannot outlast” American military power and tha...

04/03/2026 15:51 The Guardian

UK’s partial study visa ban ‘will drive people to small boats’, campaigners say

Ban affecting Sudan, Afghanistan, Myanmar and Cameroon will mean more people make Channel crossings, charity saysA new ban on students coming to the UK from four countries where there is war and human rights abuses will drive more people use small boats, campaigners have warned.The home secretary, S...

04/03/2026 15:48 The Guardian

Pete Hegseth says US is ‘investigating’ deadly strike on girls’ school in Iran

US defense secretary was evasive when asked about the airstrike that Iranian officials say killed at least 165 studentsMinab school bombing: how the worst mass casualty event of the Iran war unfolded – a visual guidePete Hegseth, the US defense secretary, offered few details and was evasive when a...

04/03/2026 15:41 The Guardian

BREAKING NEWS

05/03 09:39 - Sri Lanka attempting to save crew of second Iranian warship – minister 05/03 09:36 - Middle East crisis live: Israel launches fresh strikes on Tehran; Iran claims to have targeted Kurdish groups in Iraq 05/03 09:36 - Spain rejects White House comments that it now backs US-Israel war on Iran – Europe live 05/03 09:21 - News24 | Second Iran ship fearfully sails toward Sri Lanka after US strike killed 87 on frigate 05/03 09:15 - Canada PM unable to rule out military involvement in Iran war 05/03 09:15 - Canada PM unable to rule out military involvement in Iran war 05/03 08:58 - Where are Iran’s allies? Why Moscow, Beijing are keeping their distance 05/03 08:58 - Where are Iran’s allies? Why Moscow, Beijing are keeping their distance 05/03 08:49 - Drone targets US base in Iraq as Iran attacks hit region amid US-Israel war 05/03 08:49 - Drone targets US base in Iraq as Iran attacks hit region amid US-Israel war 05/03 08:34 - Globalisation is under threat from Iran war – and Britain is uniquely vulnerable 05/03 08:07 - Under cover of Iran war, Israeli settlers terrorise Palestinian communities 05/03 08:07 - Under cover of Iran war, Israeli settlers terrorise Palestinian communities 05/03 07:51 - UK defence secretary flies to Cyprus amid fallout over RAF base drone strike 05/03 07:36 - Late Night Doesn’t Understand Why America Is Attacking Iran 05/03 07:32 - NATO’s new nuclear euroclub: An Armageddon gamble to hedge Trump risks 05/03 07:23 - Iran war puts F1 races in Bahrain and Saudi Arabia under threat 05/03 07:10 - News24 | UN condemns Iran war, shocked at strike on Shajareh Tayyebeh girls’ school, killing 160 05/03 07:10 - Iran war: What is happening on day six of US-Israel attacks? 05/03 07:10 - Iran war: What is happening on day six of US-Israel attacks? 05/03 07:05 - Israeli strikes hit Beirut amid threats on Iranian officials in Lebanon 05/03 07:05 - Israeli strikes hit Beirut amid threats on Iranian officials in Lebanon 05/03 07:04 - News24 | White House to push defence companies to accelerate weapons production for Iran war 05/03 06:52 - US sub sinks Iranian warship in Indian Ocean, Hegseth says 05/03 06:36 - The Papers: 'Trump's war goes global' and 'Labour ensnared by China spy probe' 05/03 06:19 - US-Israeli war on Iran plunges Middle East into chaos: Live Updates (PHOTOS, VIDEOS) 05/03 06:00 - Lobbyists send legal threats to councils over anti-wood burner campaigns 05/03 06:00 - US did not share details with the UK before attacking Iran, sources say 05/03 05:39 - Global News Podcast: US Senate blocks bid to limit Trump's powers for Iran war 05/03 05:07 - Senate Thwarts Bid to Curb Trump’s War Powers on Iran 05/03 05:00 - News24 | US Senate protects Trump’s war powers as Iran launches volley of missiles at Israel 05/03 04:44 - Canada PM Carney says unable to rule out military role in Iran war 05/03 04:44 - Canada PM Carney says unable to rule out military role in Iran war 05/03 04:34 - TPUSA lying about Charlie Kirk to defend Iran war – journalist (VIDEOS) 05/03 04:09 - US submarine sank Iranian warship, Hegseth says – as it happened 05/03 03:40 - News24 | Oman insists: ‘There are off-ramps available’ in war, rejects Iran ‘imminent threat’ idea 05/03 03:37 - News24 | Africa urges restraint as US-Israel strikes escalate in Iran 05/03 03:06 - Live: Israel strikes Tehran and Beirut as Iran says it targeted Iraqi Kurdistan 05/03 02:51 - Pentagon releases names of final two soldiers of six killed in Kuwait 05/03 02:46 - Ukraine war briefing: Russia claims LNG tanker in Mediterranean hit by drones 05/03 02:37 - Demonstrators across Iran condemn US-Israeli war 05/03 02:37 - Demonstrators across Iran condemn US-Israeli war 05/03 02:32 - Senate Republicans block war powers resolution on Iran 05/03 02:32 - Senate Republicans block war powers resolution on Iran 05/03 01:38 - Anti-Iran war protester breaks arm during fight in US Senate (DISTURBING VIDEO) 05/03 01:33 - Israel tightens siege on Gaza amid Iran war 05/03 01:33 - Israel tightens siege on Gaza amid Iran war 05/03 01:32 - Live updates: Senate rejects war powers resolution; NATO shoots down Iran’s missile heading toward Turkey 05/03 00:28 - Pro-American Kurdish Forces Are Preparing Possible Iran Incursion 05/03 00:14 - North Korea's Kim inspects new destroyer, vows progress on naval nuclear expansion 05/03 00:05 - The devastating conflict where both sides have reasons to keep fighting 05/03 00:00 - Iran live: Senate fails to curb Trump’s war powers; Israel pounds Lebanon 05/03 00:00 - Iran live: Senate fails to curb Trump’s war powers; Israel pounds Lebanon 04/03 23:57 - US will ‘rain missiles’, ‘death and destruction’ on Iran, Trump aides say 04/03 23:57 - US will ‘rain missiles’, ‘death and destruction’ on Iran, Trump aides say 04/03 23:42 - US Senate vote fails to rein in Trump war powers on Iran 04/03 23:35 - Iranian TV and Social Media Project Defiant and Distorted View of the War 04/03 23:15 - How is the war playing out in Iran? 04/03 23:15 - How is the war playing out in Iran? 04/03 23:05 - Trump: US forces doing ‘very well on the war front’ in Iran 04/03 23:05 - Trump: US forces doing ‘very well on the war front’ in Iran 04/03 22:55 - Sam Altman admits OpenAI can’t control Pentagon’s use of AI 04/03 22:51 - US Senate fails to advance war powers measure to rein in Trump’s Iran war 04/03 22:51 - US Senate fails to advance war powers measure to rein in Trump’s Iran war 04/03 22:31 - Pre-Quiz WARNING: This Timed Fast Food Logo Quiz Is Very, Very, Very, Very, Very, Very, Very, Very, Very, Very Hard 04/03 22:27 - Senate votes down resolution to prevent Trump from continuing war with Iran 04/03 22:27 - ‘The opportunity was missed long before Biden took office’: Why US-Russia tensions persist despite shared human instincts 04/03 22:22 - Airstrikes hit Iran-Iraq border as US and Israeli plan to mobilise Kurds gathers pace 04/03 22:06 - UK warship HMS Dragon not expected to sail to Cyprus until next week 04/03 21:56 - After US attacks, is Iran's navy on the brink? 04/03 21:47 - Oil prices steady as Iran war continues 04/03 21:31 - Wide Swath of the U.S. Faces Days of Severe Weather 04/03 21:18 - Iran's wartime succession: What direction after Khamenei? 04/03 21:16 - Spanish prime minister rebukes Trump’s war in Iran, escalating feud 04/03 21:14 - In maps: Five days of strikes across the Middle East 04/03 21:05 - Why Washington can’t stop Trump on Iran 04/03 21:05 - Why Washington can’t stop Trump on Iran 04/03 21:04 - Russia accuses Ukraine of drone attack as gas tanker sinks in Mediterranean 04/03 21:04 - Russia accuses Ukraine of drone attack as gas tanker sinks in Mediterranean 04/03 20:56 - Video of US torpedo hitting Iranian warship released by Pentagon 04/03 20:42 - 'No to war': Pedro Sánchez hits back as Trump threatens full trade embargo on Spain 04/03 20:26 - How Trump Decided to Go to War 04/03 20:21 - Death toll of strikes on Iran rises above 1,000, tens of thousands flee Tehran 04/03 20:10 - Hungary will block ‘every’ EU decision on Ukraine over ‘oil blockade’ – Orban 04/03 19:53 - Spain denies White House claim it agreed to cooperate with US military 04/03 19:53 - Spain denies White House claim it agreed to cooperate with US military 04/03 19:51 - Putin accuses Ukraine of attacking gas tanker that exploded and sank off Libya 04/03 19:50 - US submarine sinks Iranian warship as conflict spreads beyond Middle East 04/03 19:43 - Starmer’s slow start in the war against Iran could leave UK playing catch-up 04/03 19:42 - US Dems say Iran troop deployment ‘more likely’ ahead of war powers vote 04/03 19:42 - US Dems say Iran troop deployment ‘more likely’ ahead of war powers vote 04/03 19:34 - U.S. Submarine Torpedoed Iranian Warship Off Sri Lanka as Conflict Widens 04/03 19:29 - Gavin Newsom likens Israel to ‘an apartheid state’ and decries war on Iran 04/03 19:24 - Iran war: Redrawing the map of the Middle East, Israeli style? 04/03 19:24 - Iran war: Redrawing the map of the Middle East, Israeli style? 04/03 19:24 - Australia politics live: stranded Australians return from Middle East; new inquiry into racism towards Indigenous Australians 04/03 19:23 - US submarine torpedoed Iranian warship in Indian Ocean, Pentagon says 04/03 19:17 - Who is Mojtaba Khamenei, a contender for Iran’s leadership amid war? 04/03 19:17 - Who is Mojtaba Khamenei, a contender for Iran’s leadership amid war? 04/03 19:08 - Badenoch gives a borderline disgraceful performance at PMQs on Iran | John Crace