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May 3, 2026 - World

While interest rate rises can’t affect the surging price of oil caused by Middle East turmoil, they are still the Reserve Bank’s best – and only – tool to fight inflationFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastOne economist is calling it the “Hormuz hike”.There’s a nearly 80% chance that the Reserve Bank will deliver a third straight interest rate rise on Tuesday, according to financial markets.Patrick Commins is Guardian Australia’s economics editor Continue reading...

May 3, 2026 - World

PM’s attendance at European Political Community meeting in Yerevan seen as part of effort to build new ties after US ruptureCanada is to become the first non-European country to attend a meeting of the European Political Community when the prime minister, Mark Carney, joins Monday’s summit of the 48-plus nation grouping in Yerevan, Armenia.Carney has said he is determined to build a new network of trade and diplomatic alliances after the loss of US markets under Donald Trump. His presence will also represent a show of western support for Armenia in its efforts to distance itself from Russia at a time when Washington’s approach to Moscow’s opponents, such as Ukraine, is at best ambiguous. Canadian diplomats have rejected suggestions Ottawa might seek EU membership. Continue reading...

May 3, 2026 - World

Israeli court extends detention of two men who were among 175 people intercepted near Crete on ThursdaySpain’s foreign ministry has demanded the immediate release of a Spanish national it said was being “held illegally” by Israel after the interception of a Gaza-bound flotilla, hours after an Israeli court moved to extend his detention by two days.Saif Abu Keshek, who lives in Barcelona, and Thiago Ávila, from Brazil, appeared in court in Ashkelon on Sunday, days after Israeli forces intercepted at least 22 boats from a flotilla that was attempting to break Israel’s maritime blockade of the devastated Palestinian territory to deliver aid. Continue reading...

May 3, 2026 - World

Airport seeks deal with BA owner, Virgin and billionaire local landowner, who has own expansion plan, over cost and service issuesHeathrow’s new chair has opened talks with airlines and the billionaire local landowner Surinder Arora to defuse a row that threatens to further delay the £49bn plan to build a third runway at Europe’s busiest airport.Philip Jansen, who was appointed at the start of the year, is understood to have held meetings with the airport’s carriers and with Arora, who has been promoting his own £25bn expansion scheme, in the hope of finding the middle ground in a row over cost and service issues. Continue reading...

May 3, 2026 - World

Singer Diljit Dosanjh's concerts have in the past seen pro-Khalistani flag-waving people try to disrupt the events