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'Average' Eagles are 'fighting for a spot in the eight': Simpson

West Coast are only an 'average' side at the moment, says coach Adam Simpson.

West Coast may be strongly placed with a 6-3 record but a humbling 61-point loss to Essendon – a third defeat in Victoria this season – left coach Adam Simpson lamenting that the Eagles were an "average side" who were "fighting for a spot in the eight".

Fairfax sale plot Thickins at TPG

Illustration: John Shakespeare.

Subplots and twists in takeover story now playing out in public at the select committee on the future of public interest journalism.

North Korea fires medium-range ballistic missile

North Korean leader Kim Jong-un.

North Korea fired an unidentified projectile on Sunday, South Korea's military said, a week after it test-fired a mid-long range missile which experts said marked an advancement in the reclusive state's missile program.

Bank rout wipes $50 billion in May

Banks have led sharemarket falls, with the financial sector down 8.69 per cent since the start of May.

Some $50 billion has been wiped off the combined market value of Australia's major banks since their highs at the start of this month, as investors eye a more challenging outlook for the big four.

Labor-lite budget ticks all the boxes for Turnbull

Malcolm Turnbull: "If we don't sell [coal] to [India], someone else will.''

For students of the politics of economics – my special subject – this clothes-pinching budget has been a feast. Oh no, it's "Labor-lite". Shocking! Actually, it's a budget that ticks all the boxes for Malcolm Turnbull and, by extension, his parliamentary followers – something their silent acquiescence suggests they realise.