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Negative gearing changes on the table before May budget, Jim Chalmers confirms

Treasurer says ‘not unusual’ for his department to examine options but stresses that no decision has been madeFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Albanese government has again opened the door to reforms to negative gearing as it weighs up potentially sweeping tax changes to raise revenue and help address the housing crisis.The treasurer, Jim Chalmers, confirmed that changes were being examined in the lead-up to the May federal budget after reports his department was modelling rules that would limit negative gearing to two investment properties. Continue reading...

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Pakistan bombs Kabul after intensifying border clashes with Afghanistan

Escalation of violence between the volatile neighbours makes a Qatar-mediated ceasefire appear increasingly shakyPakistan bombed Afghanistan’s capital of Kabul and two other provinces on Friday, hours after a cross-border attack, the latest escalation of violence between the volatile neighbours who signed a Qatar-mediated ceasefire in 2025.Following months of tit-for-tat clashes, Afghan forces attacked Pakistani border troops on Thursday night in what the Taliban government said was retaliation for earlier deadly air strikes. Continue reading...

Hillary Clinton says she answered every question in Epstein testimony and confirms Republican asked about UFOs and Pizzagate – as it happened

This live blog is now closed.Trump news at a glance: No deal reached in Iran talks as potential for US attack loomsSign up for the Breaking News US email to get newsletter alerts in your inboxCindy McCain announced today that she will step down from her role as executive director of the United Nations World Food Programme to focus on her health.McCain, the widow of the late US senator John McCain, suffered a mild stroke last October and had returned to Italy to resume her work after that, but the demands of the job were affecting her recovery, the organization said. She started the role in April 2023. She will step down in three months. Continue reading...

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Texas airspace closed after military reportedly downs US drone on accident

Federal Aviation Administration bars flights around Fort Hancock after reported use of anti-drone military laserThe Federal Aviation Administration barred flights on Thursday in an area around Fort Hancock, Texas, after congressional aides told Reuters a military laser-based anti-drone system was believed to have accidentally shot down a US government drone.The FAA and Pentagon did not immediately comment but the FAA cited “special security reasons” in its notice about the restrictions on the airspace near the Mexican border posted on its Notam alert system, shorthand for “Notice to Air Missions”. Continue reading...

Woman at heart of US trial says she was addicted to social media at age six

Lead plaintiff, now 20, says use of social media made her relationships with friends and family anxious and strained The young woman at the heart of the landmark trial about the addictive nature of social media testified for the first time on Thursday, saying she got hooked on YouTube starting at age six and Instagram at nine. By the time she was 10, she said, she had become depressed and was engaging in self-harm.The woman, who is now 20 and known by her initials KGM, is the lead plaintiff in an expansive lawsuit against YouTube and Meta, which owns Instagram and Facebook. The crux of the case alleges social media companies intentionally create addictive products, leading to mental health issues in young people. Continue reading...