‘An economic fairytale’: Australia’s inflation being driven by company profits and not wages, analysis finds

23/02/2023 14:00 The Guardian

Australia Institute warns of a ‘profit price spiral’ and calls for shift in RBA and government narrative towards corporationsFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastCompany profits, not wages, have driven the soaring inflation in Australia, an analysis from the Australia Institute has found.The thinktank has released evidence of what it calls a “profit price spiral”, arguing big business earnings account for 69% of the inflation that is above the reserve bank’s target range of 2-3%.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...

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Crypto market sheds more than $1tn in six weeks amid fears of tech bubble

Bitcoin price at lowest level since April while FTSE 100 falls as Google boss warns there is ‘irrationality’ in AI boomBusiness live – latest updatesMore than $1tn (£760bn) has been wiped off the value of the cryptocurrency market in the past six weeks amid fears of a tech bubble and fading e...

18/11/2025 12:03 The Guardian

California farms applied millions of pounds of PFAS to key crops, study finds

‘Forever chemicals’ sprayed on almonds, grapes, tomatoes and other crops as activists warn of ‘obvious problem’California farms applied an average of 2.5m lbs of PFAS “forever chemicals” per year on cropland from 2018 to 2023, or a total of about 15m lbs, a new review of state records sh...

18/11/2025 12:00 The Guardian

Reform’s plan to cut EU citizens’ benefits would risk trade war with Europe, Labour claims – UK politics live

As Reform announces what it claims are £25bn in savings through cuts, Labour says ‘Farage’s fantasy numbers don’t add up’ Back at the Reform UK press conference, Zia Yusuf, the party’s head of policy, has just finished outlining his plan to cut spending on foreignersAs he finished, Yusuf...

18/11/2025 11:28 The Guardian

Poland says ‘everything indicates’ Russia was behind rail sabotage incidents – Europe live

Security spokesperson says the incident at the weekend was a terrorist attack ‘initiated by special services from the East’Heads up: Poland’s prime minister Donald Tusk will address the Polish parliament around 1pm local time (midday UK) to give lawmakers an update on the latest on the rail sa...

18/11/2025 11:04 The Guardian

Crest Nicholson plans job cuts and warns on profits, blaming budget uncertainty

Housebuilder’s autumn selling season was wiped out by speculation about new property taxes, says analystBusiness live – latest updatesThe housebuilder Crest Nicholson has warned of job cuts and worse than expected profits after a summer of “subdued” sales amid uncertainty around the possible...

18/11/2025 10:48 The Guardian

Asylum changes seek to use children as a weapon, says Labour peer

Alf Dubs criticises Shabana Mahmood’s ‘shabby’ proposals which he says will only increase community tensionsUK politics live – latest updatesThe home secretary is seeking “to use children as a weapon” in her changes to the asylum system, a veteran Labour peer who came to Britain as a chi...

18/11/2025 09:49 The Guardian

Chinese travellers cancel hundreds of thousands of trips to Japan amid rising tensions

Chinese airlines offer free cancellations and film releases postponed after Japanese PM’s comments on TaiwanChinese travellers are estimated to have cancelled hundreds of thousands of tickets to fly to Japan amid reports of suspended visa processing and cultural exchanges as a diplomatic dispute o...

18/11/2025 08:52 The Guardian

Liberals to target international students and skilled migrants in proposed cuts to immigration

The Coalition is preparing to thrash out the design of a policy to significantly reduce immigration placesGet our breaking news email, free app or daily news podcastLiberal MPs say skilled migration and international student numbers must be cut to reduce overseas arrivals into Australia, but have wa...

18/11/2025 07:45 The Guardian

Tuesday briefing: What Labour hopes to learn from Denmark’s hardline asylum stance

In today’s newsletter: Shabana Mahmood is pitching radical new limits on whether asylum seekers can ever gain settled status – but it may come with political consequencesGood morning. In September, Nigel Farage floated a Reform UK policy of ending indefinite leave to remain that critics said wou...

18/11/2025 06:50 The Guardian

UK consumers warned over AI chatbots giving inaccurate financial advice

Which? study of ChatGPT, Copilot and others uncovers incorrect and misleading tips on investments, tax and insuranceArtificial intelligence chatbots are giving inaccurate money tips, offering British consumers misleading tax advice and suggesting they buy unnecessary travel insurance, research has r...

18/11/2025 06:00 The Guardian

Larry Summers faces bipartisan scrutiny over years-long ties to Epstein

Democrats and Republicans urge institutions to cut ties after files show Epstein called himself Summers’ ‘wing man’Lawmakers from both sides of the aisle are urging companies and institutions to cut ties with Harvard professor and economist Larry Summers after documents released by the House o...

18/11/2025 00:57 The Guardian

UN security council votes to endorse Donald Trump’s Gaza plan

The resolution, which includes references to an independent Palestine, was passed by a vote of 13-0 with China and Russia abstaining The UN security council has endorsed proposals put forward by Donald Trump for a lasting peace in Gaza, including the deployment of an international stabilisation forc...

18/11/2025 00:05 The Guardian

Trump has ‘blurred’ line between military and politics, ex-officers warn

Former leaders’ report cautions against politicizing armed forces as national guard deployments raise tensions in USWith months of escalation between US cities and the Trump administration amid the deployment of national guard troops, former military officials released a report on Monday about the...

17/11/2025 21:52 The Guardian

Protests in Charlotte as aggressive immigration arrests continue

North Carolina governor says immigration crackdown ‘stoking fear’ as officials say at least 130 people detainedAggressive arrests by federal immigration agents continued in Charlotte on Monday after a weekend sweep in which authorities said they detained a total of at least 130 people in North C...

17/11/2025 20:58 The Guardian

Australia news live: Victorian Liberal leader Brad Battin faces spill; Penny Wong warns of permanent contest in Asia Pacific

Party room meeting set for this morning with Jess Wilson backed by many MPs. Follow today’s news liveGet our breaking news email, free app or daily news podcastPauline Hanson says Liberal dumping of net zero targets doesn’t go far enoughOne Nation leader Pauline Hanson is on Radio National Break...

17/11/2025 20:52 The Guardian

Poland railway blast was unprecedented act of sabotage, says Donald Tusk

Polish PM vows to ‘catch the perpetrators, regardless of who their backers are’ after blast on track used for deliveries to UkrainePoland’s prime minister, Donald Tusk, has described an explosion along a section of railway line used for deliveries to Ukraine as an “unprecedented act of sabot...

17/11/2025 17:31 The Guardian

Foreign state services behind Polish rail sabotage, says minister – as it happened

Security services minister Tomasz Siemoniak says explosion was not the work of ‘a gang of metal thieves’. This live blog is closedBack to Poland, the country’s interior minister is hosting an emergency meeting on the train incidents, with transport, justice ministers, police and representative...

17/11/2025 17:04 The Guardian

UK weather: amber cold health alerts issued for northern England

Warnings in place until 8am Saturday, with sub-zero overnight temperatures also expected to disrupt transportAmber cold health alerts have been issued for northern England amid warnings of sub-zero overnight temperatures this week.The UK Health Security Agency issued amber warnings for north-east an...

17/11/2025 14:50 The Guardian

UN to vote on Gaza stabilisation force plan that references Palestinian state

Netanyahu faces pressure from far-right ministers after Saudi insistence on ‘credible pathway’ to statehoodThe UN security council is to vote on Monday on a US-drafted resolution to set up an international stabilisation force (ISF) in Gaza that includes a late and highly tentative addition on a...

17/11/2025 14:39 The Guardian

Owner of scandal-plagued Panthera Finance tells court it was not technically operating illegally in Victoria

Francom claims that because Panthera had ‘acquired’ the debts, it was not technically engaged in collecting debt owed to a third partyFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastOne of Australia’s largest debt collection firm...

17/11/2025 14:00 The Guardian

Business and energy leaders warn Coalition dumping net zero won’t cut power bills and demand more detail

CEO of Australian Chamber of Commerce and Industry calls Sussan Ley’s new policy ‘a bit of a plan not to have a plan’, echoing business scepticismFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastSign up for climate and environment...

17/11/2025 14:00 The Guardian

First Thing: Trump tells Republicans to vote to release Epstein files, in reversal of previous stance

The US president says he backs lawmakers’ efforts to release the files before an expected House vote this week. Plus: is there a dark side to gratitude?Don’t already get First Thing in your inbox? Sign up hereGood morning.Donald Trump has urged his fellow Republicans in Congress to vote for the...

17/11/2025 13:27 The Guardian

Far-right group with links to neo-Nazi leader offers online military training

Experts say Observations Group’s connections to the Base and Rinaldo Nazzaro present ‘urgent danger’In the underworld of accelerationist neo-Nazis, where talk of attacks against western governments are commonplace, the spread of illegal weapons manuals and tradecraft on drone warfare are proli...

17/11/2025 12:00 The Guardian

Trump continues Taylor Greene attacks despite his call to release Epstein files – US politics live

President repeats assertion that former ally is a ‘traitor’ even as he urges fellow Republicans to vote for release of documents relating to sex offenderA leading Ukrainian drone and missile manufacturer said on Monday that it has named former US secretary of state Mike Pompeo to its newly launc...

17/11/2025 11:45 The Guardian

Moderates rally around Sussan Ley as Liberal leader says she has been underestimated for much of her life

Factional powerbrokers issue statement contradicting media reports that moderates could swing behind conservative Andrew HastieGet our breaking news email, free app or daily news podcastSenior Liberal moderates are rallying around Sussan Ley after speculation that members of the faction could withdr...

17/11/2025 08:58 The Guardian

Turnbull says Coalition consumed by ‘fact-free, reality-free’ climate culture war – as it happened

This blog is now closedSouth African man’s visa cancelled after neo-Nazi rally outside NSW parliamentGet our breaking news email, free app or daily news podcastFactchecking five Coalition claims about net zero, from power prices to the $9tn costAs Liberals join Nationals in abandoning a 2050 emiss...

17/11/2025 06:32 The Guardian

Rape victims in Scotland will be protected when giving evidence, says lord advocate

Supreme court ruled ‘rape shield’ laws to limit intrusive cross-examination may breach men’s right to fair trialScotland’s most senior law officer has moved to reassure victims of sexual abuse that they will be protected after a supreme court ruling warned that Scottish laws designed to limi...

17/11/2025 05:00 The Guardian

Shabana Mahmood warns Labour MPs ‘dark forces are stirring up anger’ over migration

There is understood to be growing unease in party over home secretary’s sweeping overhaul of refugee rightsShabana Mahmood has warned Labour MPs that “dark forces are stirring up anger” over migration, amid growing alarm among senior party figures over the most sweeping overhaul of refugee rig...

16/11/2025 22:30 The Guardian

UK weather: Arctic air sweeps in as Storm Claudia clean-up continues

Flood warnings still in place in England and Wales, with plunging temperatures leading to possible snow and iceCold Arctic air has begun to sweep across the UK, bringing freezing temperatures as emergency services continue to deal with severe flooding caused by Storm Claudia.On Saturday, a major inc...

16/11/2025 16:41 The Guardian

Zelenskyy pledges to clean up Ukraine’s energy sector amid corruption scandal

President to overhaul state energy firms after $100m kickback scheme alleged by anti-corruption investigatorsVolodymyr Zelenskyy has announced a plan to clean up Ukraine’s energy sector after an $100m (£76bn) kickback scheme was alleged by anti-corruption investigators, in the worst scandal of h...

16/11/2025 16:13 The Guardian

BREAKING NEWS

18/11 12:03 - Crypto market sheds more than $1tn in six weeks amid fears of tech bubble 18/11 12:00 - California farms applied millions of pounds of PFAS to key crops, study finds 18/11 11:55 - MI5 warns MPs and peers over risk of Chinese espionage 18/11 11:33 - Ukraine’s Zelenskyy headed to Turkiye in bid to resuscitate peace talks 18/11 11:33 - Ukraine’s Zelenskyy headed to Turkiye in bid to resuscitate peace talks 18/11 11:28 - Reform’s plan to cut EU citizens’ benefits would risk trade war with Europe, Labour claims – UK politics live 18/11 11:27 - ‘Dire situation’: Russia gains ground in Ukraine’s Zaporizhia region 18/11 11:27 - ‘Dire situation’: Russia gains ground in Ukraine’s Zaporizhia region 18/11 11:04 - Poland says ‘everything indicates’ Russia was behind rail sabotage incidents – Europe live 18/11 10:48 - Crest Nicholson plans job cuts and warns on profits, blaming budget uncertainty 18/11 10:35 - NATO nation’s top general tells population to prepare for attack 18/11 10:24 - Palestinian Voices Absent from U.S.-Run Center Planning Gaza’s Future 18/11 10:18 - Google boss warns 'no company is going to be immune' if AI bubble bursts 18/11 10:16 - TotalEnergies accused of 'complicity in war crimes' at Mozambique gas site 18/11 10:04 - House Democrats Press for Vote to Bar Military Action in Venezuela 18/11 10:04 - Paramount, Comcast and Netflix Prepare Bids for Warner Bros. Discovery 18/11 10:00 - Russia, Europe fight for custody of operative linked to DHL bomb plot 18/11 09:49 - Asylum changes seek to use children as a weapon, says Labour peer 18/11 09:47 - Sudan’s humanitarian crisis: UN chief says nearly two-thirds of country needs aid 18/11 09:18 - U.N. Security Council approves Trump’s 20-point peace plan for Gaza 18/11 08:52 - Chinese travellers cancel hundreds of thousands of trips to Japan amid rising tensions 18/11 07:45 - Liberals to target international students and skilled migrants in proposed cuts to immigration 18/11 07:28 - UN security council approves the Trump administration's plan for the future of Gaza 18/11 07:03 - UN approves US plan authorising international stabilisation force in Gaza 18/11 06:52 - Snow and ice warnings issued by Met Office as sub-zero temperatures forecast 18/11 06:50 - Tuesday briefing: What Labour hopes to learn from Denmark’s hardline asylum stance 18/11 06:00 - UK consumers warned over AI chatbots giving inaccurate financial advice 18/11 06:00 - Nothing Succeeds With Trump Quite Like Success 18/11 06:00 - China has lent $200B to U.S. tech and infrastructure projects, report finds 18/11 05:43 - Israel’s war on Gaza live: Hamas says UN resolution does not meet demands 18/11 05:43 - Israel’s war on Gaza live: Hamas says UN resolution does not meet demands 18/11 02:12 - Russia-Ukraine war: List of key events, day 1,363 18/11 02:12 - Russia-Ukraine war: List of key events, day 1,363 18/11 01:14 - U.N. Security Council Adopts Trump’s Peace Plan for Gaza 18/11 01:01 - Ukraine eyeing purchase of 100 French jets 18/11 01:01 - 22 Target Fashion Items That’ll Become Staples In Your Wardrobe In No Time 18/11 00:57 - Larry Summers faces bipartisan scrutiny over years-long ties to Epstein 18/11 00:15 - French NBA star Wembanyama faces weeks-long injury layoff 18/11 00:05 - UN security council votes to endorse Donald Trump’s Gaza plan 17/11 23:26 - Zelensky-Macron agreements: 'Very clearly a successful visit' after leaving the US empty-handed 17/11 23:14 - COP30: Pope Leo XIV urges ‘concrete actions’ on climate change 17/11 22:16 - 21 Stories From People Who Are FINALLY Allowed To Break Their NDAs 17/11 22:02 - Wardley to be world champion as Usyk gives up belt 17/11 21:52 - Trump has ‘blurred’ line between military and politics, ex-officers warn 17/11 21:52 - As US engagement wanes, is Western military support for Ukraine now primarily a European effort? 17/11 21:06 - Funding Kiev’s ‘war mafia’ is like vodka for an alcoholic – Orban 17/11 20:58 - Protests in Charlotte as aggressive immigration arrests continue 17/11 20:52 - Australia news live: Victorian Liberal leader Brad Battin faces spill; Penny Wong warns of permanent contest in Asia Pacific 17/11 20:14 - Report claims that almost 100 Palestinian prisoners have died in Israeli jails since October 2023 17/11 20:04 - EU to spread legal costs of attacking Russian assets – Politico 17/11 19:55 - Netanyahu condemns settler violence by 'extremists' after West Bank village torched 17/11 19:44 - Air cover for Zelensky: How much can stepped-up French support boost Ukraine? 17/11 19:42 - Ukraine to get up to 100 French-made Rafale fighter jets 17/11 19:37 - France Agrees to Sell Up to 100 Rafale Fighter Jets to Ukraine 17/11 18:49 - ‘Historic agreement’: Ukraine to receive fleet of French fighter jets 17/11 18:49 - ‘Historic agreement’: Ukraine to receive fleet of French fighter jets 17/11 18:47 - Does ‘America First’ make the US weaker? 17/11 18:47 - Does ‘America First’ make the US weaker? 17/11 18:30 - EU proposes cut of members’ GDP to finance Ukraine – Bloomberg 17/11 17:42 - Poland says blast on rail line to Ukraine 'unprecedented act of sabotage' 17/11 17:31 - Poland railway blast was unprecedented act of sabotage, says Donald Tusk 17/11 17:24 - A Plan for Private Jet Taxes Would Fund Climate Measures 17/11 17:05 - Western aid cuts could cause 22.6 million deaths by 2030, study warns 17/11 17:04 - Foreign state services behind Polish rail sabotage, says minister – as it happened 17/11 16:51 - Gaza’s shelter crisis is ‘most dangerous’ disaster of war: Authorities 17/11 16:51 - Gaza’s shelter crisis is ‘most dangerous’ disaster of war: Authorities 17/11 16:45 - The mothers, children suffering Israel’s engineered starvation in Gaza 17/11 16:45 - The mothers, children suffering Israel’s engineered starvation in Gaza 17/11 16:38 - Japan’s Mount Fuji: Autumn beauty draws crowds despite rising bear fears 17/11 16:13 - Macron and Zelensky sign a letter of intent for Ukraine to purchase up to 100 Rafale fighter jets 17/11 16:08 - Ukraine’s Cash Is Running Low, and Europe Has No Good Plan B 17/11 15:56 - China warns citizens against Japan travel as Taiwan spat escalates 17/11 15:47 - Ukraine’s ex-president Poroshenko: ‘Corruption scandal is the biggest danger for Ukraine' 17/11 14:50 - 'As we rely more on space, any attack on space will fundamentally impact what we do' 17/11 14:50 - UK weather: amber cold health alerts issued for northern England 17/11 14:50 - South Africa investigates mystery plane carrying more than 150 Palestinians from Gaza 17/11 14:39 - UN to vote on Gaza stabilisation force plan that references Palestinian state 17/11 14:30 - Ukraine to import US liquefied natural gas via Greece 17/11 14:29 - What Russian Activists Do When They Can’t Criticize Putin 17/11 14:27 - Graft scandal has weakened Zelensky – Le Monde 17/11 14:11 - Macron and Zelensky sign letter of intent for Ukraine to buy Rafale fighter jets 17/11 14:05 - Poland suspects ‘foreign intelligence services’ after explosion hits railway line to Ukraine 17/11 14:05 - Rail explosion in Poland was ‘sabotage,’ prime minister says 17/11 14:01 - Macron hosts Ukrainian leader Zelensky at the Elysée Palace 17/11 14:00 - Owner of scandal-plagued Panthera Finance tells court it was not technically operating illegally in Victoria 17/11 14:00 - Business and energy leaders warn Coalition dumping net zero won’t cut power bills and demand more detail 17/11 13:38 - REPLAY: Macron and Zelensky discuss Rafale fighter jet deal at joint briefing 17/11 13:32 - NATO member launches military exercise on Russia’s doorstep 17/11 13:31 - Palestinian deaths in Israeli jails surge amid Gaza war: Report 17/11 13:31 - Palestinian deaths in Israeli jails surge amid Gaza war: Report 17/11 13:27 - First Thing: Trump tells Republicans to vote to release Epstein files, in reversal of previous stance 17/11 12:55 - News24 | 3 killed in Russia strike on Kharkiv, 36 Ukraine drones destroyed 17/11 12:51 - Ukraine to buy 100 fighter jets from France in bid to create 'one of the greatest' air defences in the world 17/11 12:41 - Russia could strike NATO much earlier than predicted – German defense chief 17/11 12:00 - Far-right group with links to neo-Nazi leader offers online military training 17/11 11:45 - Trump continues Taylor Greene attacks despite his call to release Epstein files – US politics live 17/11 11:42 - Fog and weather conditions helps Russian forces to push deeper into Pokrovsk, Ukraine 17/11 11:30 - Diplomatic spat with China threatens Japanese tourism industry 17/11 11:30 - News24 | UN blames Israel for firing on peacekeepers in Lebanon, but it was ‘poor weather’ 17/11 11:26 - Macron and Zelensky sign letter of intent for Ukraine to buy up to 100 Rafale fighter jets