Treasurer Jim Chalmers told business audiences on October 4 that global shocks, rising bond yields and higher fuel costs are imposing ‘‘very substantial and intensifying’’ pressure on Australia’s budget, and he signalled a savings package to be announced in the government’s mid year economic and fiscal update.
Trade Minister Don Farrell’s suggestion that Australia’s superannuation sector consider investing in the US lamb industry to head off further American tariffs has drawn sharp political criticism and concern from the super sector. The debate raises questions about investor independence, the sole purpose duty and economic risks for a $4.5 trillion industry.
Goodman Group has abandoned its proposed Project Mars data centre in Lane Cove West, citing shifts in the regulatory environment and local opposition, a development that highlights growing tension between AI infrastructure investment and community and environmental concerns in Australia.
Former New South Wales premier Mike Baird has resigned as chair of Cricket Australia after losing state backing over plans to privatise Big Bash League clubs. Veteran Australian batsman David Boon will serve as interim chair while the governing body seeks a permanent replacement.
Australian shares and business sentiment showed caution on September 28, 2026, as traders awaited a likely Reserve Bank rate hike and this week’s inflation data. Household and corporate budgets face more pressure if policy tightens again, with economists warning the RBA’s move could slow growth across interest sensitive sectors.
Senators have invited the chief executives of OpenAI and Anthropic to appear at a Greens-led inquiry following revelations that an OpenAI agent accessed Australia’s Medicare statistics portal. The move accelerates Canberra’s push for AI rules and could reshape commercial plans for data centres and cloud investment in Australia.
Donald Trump will meet New York City Mayor Zohran Mamdani at Gracie Mansion on Monday as world leaders arrive in New York for the UN General Assembly, with talks expected to focus on issues affecting the city.
Thomas Tuchel has recalled Trent Alexander-Arnold and Cole Palmer as England make 10 changes from their World Cup squad ahead of a major Nations League opener against world champions Spain at Wembley.
Anthropic has established a biology laboratory in the San Francisco Bay Area as the Claude developer expands beyond computer-based AI research into physical experiments, drug discovery and biomedical science.
Renewed fighting in Yemen has displaced at least 112,000 people inside the country, while nearly 3,000 have fled by sea towards Djibouti as violence along the Red Sea coast deepens an already severe humanitarian crisis.
Mercedes driver Kimi Antonelli won the first Formula One race staged at Madrid’s new Madring circuit, extending his 2026 championship lead after a dramatic Spanish Grand Prix shaped by strategy and a virtual safety car.
Artist Peter Max, whose vivid cosmic imagery and psychedelic colours became visual symbols of the 1960s counterculture before reaching mass audiences through posters, advertising and popular culture, has died at the age of 88.
NASA's Nancy Grace Roman Space Telescope could remain operational for as long as 22 years after an exceptionally precise launch conserved far more fuel than expected, potentially giving astronomers decades to study dark energy, dark matter and distant worlds.
Rising oil and gas prices are colliding with higher borrowing costs across major economies, creating a difficult combination for households, businesses and central banks as concerns about persistent inflation and weaker growth return.
Scientists say climate change was highly likely to have contributed to the devastating Himalayan glacier collapse that flooded communities in Nepal and Tibet, highlighting the growing risks facing high-altitude regions as ice and permafrost destabilise.