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Latest

Vice Admiral David Johnston.

New Defence chief; Investors brace for trade war; Dimon’s big risks

Read everything that’s happened in the news so far today.

  • 31 mins ago
A total solar eclipse passed over North America on Monday (Tuesday AEDT).

Millions watch total solar eclipse across Americas

Experts called the eclipse “the most viewed astronomical event in history” as the moon blocked out the sun across North America.

  • Marcia Dunn

World’s oldest man says his longevity secret is an ‘unhealthy’ meal

But Englishman John Alfred Tinniswood, 111, also says a long life comes down to luck – and moderation.

AUKUS partners eye adding ‘like-minded’ Japan to counter China

The announcement from the AUKUS defence ministers came as Canada said it was considering joining the pact, signalling concern over threats from China.

  • Updated
  • Matthew Cranston

‘Hardest Geezer’ finishes 16,300km run across 16 countries in 352 days

Briton Russ Cook had hoped to jog the length of Africa in 240 days, the equivalent of more than a marathon every day. Sandstorms and robberies intervened.

  • Mehdi El Arem

UK jobs market getting even tougher for new graduates

The number of vacancies for graduates fell 30.2 per cent from a year ago in February, according to data from the jobs search engine Adzuna.

  • Isabella Ward

Opinion & Analysis

Why no one cares Trump’s soaring media stock is actually a dud

The more an asset price is disconnected from its fundamentals, the more potential it has to go “to the moon”.

Jemima Kelly

Contributor

Japan’s pivot away from peace reflects new world order

Japan’s tensions with China, North Korea and Russia have accelerated its move away from pacifism and into the fold of AUKUS and other regional alliances.

Michael Smith

North Asia correspondent

Michael Smith

Why it doesn’t pay to be a working-class professional

Social class is a bigger barrier to career progress than gender or ethnicity, a study by KPMG in Britain has shown.

Pilita Clark

Columnist

Pilita Clark

Wall Street workers don’t understand how to prepare for retirement

Higher interest rates mean people need less money to retire, so if anything, finance industry employees should have revised their estimates down, not up.

Allison Schrager

Contributor

From the Financial Times

The Nasdaq board in New York.

Why no one cares Trump’s soaring media stock is actually a dud

The more an asset price is disconnected from its fundamentals, the more potential it has to go “to the moon”.

  • Jemima Kelly

How Russia’s cheap, old bombs are changing the Ukraine war

Moscow is retrofitting “very scary, very lethal” Soviet-era weapons and launching them from beyond the reach of Ukraine’s air-defence systems.

  • Christopher Miller

Why it doesn’t pay to be a working-class professional

Social class is a bigger barrier to career progress than gender or ethnicity, a study by KPMG in Britain has shown.

  • Pilita Clark
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More From Today

The Nasdaq board in New York.

Why no one cares Trump’s soaring media stock is actually a dud

The more an asset price is disconnected from its fundamentals, the more potential it has to go “to the moon”.

  • Jemima Kelly

Yesterday

Janet Yellen with Pan Gongsheng, People’s Bank of China governor, in Beijing on Monday.

Yellen threatens sanctions for China banks that aid Russia’s war

America’s ultimate weapon against financial institutions is the Treasury’s ability to cut off their access to US dollars, an existential threat for any bank operating internationally.

  • Christopher Condon
US, South Korean and Japanese vessels during joint exercises in the Pacific last year.

Japan’s pivot away from peace reflects new world order

Japan’s tensions with China, North Korea and Russia have accelerated its move away from pacifism and into the fold of AUKUS and other regional alliances.

  • Updated
  • Michael Smith
A military expert examines the site of a Russian bombing that killed several people in Kharkiv.

How Russia’s cheap, old bombs are changing the Ukraine war

Moscow is retrofitting “very scary, very lethal” Soviet-era weapons and launching them from beyond the reach of Ukraine’s air-defence systems.

  • Christopher Miller
Qantas CEO Vanessa Hudson and Qantas Loyalty CEO Andrew Glance announce the Classic Plus loyalty program.

Qantas’ $120m FF revamp; Ansell’s $974m deal; ‘Insane’ house auction

Read everything that’s happened in the news so far today.

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An Israeli tank moves a long the border with the Gaza Strip as seen from a position on the Israeli side of the border.

Albanese leaves door open to cutting support for Israel

The government has appointed former defence chief Mark Binskin to scrutinise Israel’s investigation into the death of Australian aid worker Zomi Frankcom.

  • Andrew Tillett
Kevin Hassett, former chairman of the White House Council of Economic Advisers.

Trump’s Fed chairman option opposes rate cuts this year

Kevin Hassett is a frontrunner to become Federal Reserve chairman if Donald Trump is elected. He says inflation remains sticky and isn’t being measured properly.

  • Matthew Cranston
workers

Why it doesn’t pay to be a working-class professional

Social class is a bigger barrier to career progress than gender or ethnicity, a study by KPMG in Britain has shown.

  • Pilita Clark
There is always an audience for ideas on “how to solve the retirement problem”, but no one has much of an incentive to act on them.

Wall Street workers don’t understand how to prepare for retirement

Higher interest rates mean people need less money to retire, so if anything, finance industry employees should have revised their estimates down, not up.

  • Allison Schrager
Palestinians return to what is left of Khan Younis.

Israel pulls troops from southern Gaza, eyes Rafah assault

Israel has withdrawn its troops from Khan Younis in southern Gaza to prepare for operations in Rafah, Hamas’ last stronghold, despite international warnings.

  • Jack Jeffery and Tia Goldenberg
Australian aid worker Zomi Frankcom was one of seven workers killed in an Israeli airstrike in central Gaza while helping to deliver food.

Israel accused of ‘systemic failures’ over aid workers

As frontbencher Ed Husic said Australian woman Zomi Frankcom had paid a high price, the aid sector is urging Canberra to sanction Israeli politicians.

  • Andrew Tillett

This Month

The Bank of England.

Bernanke tips BoE towards ‘scenario forecasts’ over Fed dot plots

This week, the former Fed chairman is expected to suggest the Bank of England adopt something new to update its forecasting process and repair its battered reputation.

  • Philip Aldrick
People take part in a protest against Israeli Prime Minister Benjamin Netanyahu’s government and call for the release of hostages held in the Gaza Strip.

Weekly protest in Israel turns sombre after hostage’s body found

The Israeli military said on Saturday that it had retrieved the body of Elad Katzir, 47, in Khan Younis and repatriated him.

  • Gabby Sobelman and Ephrat Livni
People protest outside the Ecuadorian embassy in Mexico City.

Governments rally around Mexico after embassy raid in Ecuador

The late-night seizure of Jorge Glas, Ecuador’s former vice president who was detained on graft charges, triggered a suspension of relations with Quito by Mexico City.

  • Alexandra Valencia
Janet Yellen and Chinese Premier Li Qiang in China’s Great Hall in Beijing on Sunday.

US, China need ‘tough’ conversations, Yellen tells Li

The US Treasury Secretary says Washington and Beijing have a ‘duty’ to responsibly manage their complex relationship, as she brought her case for reining in China’s excess factory capacity.

  • David Lawder
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Peter Pellegrini faces the media after winning the weekend presidential election.

Pro-Russia candidate wins Slovakia’s presidential election

Despite the presidency’s limited powers in Slovakia, the election was widely watched as a test of strength between political camps with starkly different views on Russia.

  • Andrew Higgins
People inspect the site where World Central Kitchen workers were killed last week.

How many ‘mistakes’ are Israeli forces making in Gaza?

Rights groups and aid workers say last week’s fatal strike on aid workers was hardly an anomaly.

  • Updated
  • Lee Keath

Trump seeks to outdo Biden fundraiser with glittering Palm Beach affair

The event, hosted by billionaire John Paulson, follows a concerted push by the Trump campaign to tackle a long-standing financial disparity with the president.

  • Updated
  • Michael Gold
 Donald Trump and moderator Laura Ingraham on stage during a Fox News town hall in February.

The uneasy truce between Donald Trump and Fox News

Every media outlet in the world is grappling with how to cover Donald Trump, as his pronouncements become more stuffed with false claims. But the dilemma is most vexing for Fox News.

  • Updated
  • Anna Nicolaou, Lauren Fedor and Daniel Thomas
Volodymyr Zelensky: “If they keep hitting [Ukraine] every day the way they have for the last month, we might run out of missiles, and the partners know it.”

Zelensky warns of dwindling air defence missiles

Kyiv is grappling with a slowdown in military assistance from the West and in particular from the United States.

  • Tom Balmforth and Yuliia Dysa