Top World News

Price of oil hits $116 a barrel after Trump says he wants to ‘take the oil in Iran’

Stock markets in Asia drop sharply, with investors nervous over escalation of Middle East conflictBusiness live – latest newsThe price of oil has risen sharply to $116 a barrel after Donald Trump said he wanted to “take the oil in Iran”, sending Asian stock markets tumbling.Brent crude, the international benchmark for oil, rose by 2% in early trading on Monday, after Trump said that he could seize the Iranian export hub of Kharg Island. Continue reading...

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Glasgow arts hub tenants condemn ‘unsustainable’ rent rises by landlord

City Property, which manages buildings for council, accused of ‘coercive and unfair’ increases and issuing eviction noticesTenants at one of Glasgow’s leading cultural hubs are battling what they describe as “unsustainable” rent increases, with critics describing the landlord responsible as a “rogue agency” imposing similar rises on vulnerable organisations across the city.With tenants expected to sign new leases or receive notices to quit last week, hundreds of protesters gathered outside the offices of City Property last Friday. The demonstration reflects growing concern about the conduct and accountability of the arm’s-length organisation that manages hundreds of buildings on behalf of Glasgow city council. Continue reading...

Fugitive emerged from building holding weapon before being shot dead, commissioner says – as it happened

This blog is now closedDezi Freeman shot dead by police after seven-month manhuntSeven months ago, Dezi Freeman vanished in the mountain fog. Now he’s been shot dead – but many questions remainWho is Dezi Freeman: what to know about the Australian fugitiveGet our breaking news email, free app or daily news podcastThe chief commissioner is asked about the fact that the most recent update from police regarding Dezi Freeman indicated that they believed Freeman was dead. He is asked if that was a genuine belief or a tactic.Bush responds:It’s a very good question because, you know, we have to follow every avenue of inquiry and there was a lot to suggest that Freeman had taken his own life. But I can tell you standing here that our investigators – that’s why they’re professionals – keep their mind open to every possible outcome and follow every possible lead. Continue reading...

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How Tropical Cyclone Narelle turned the sky red in Western Australia

Dry ground, iron-rich earth and strong winds combined to create an eerie dust storm that was filmed in DenhamGet our breaking news email, free app or daily news podcastThe skies of Shark Bay in Western Australia turned an eerie blood red before Tropical Cyclone Narelle made landfall, a phenomenon an expert said was caused by an iron-infused dust storm.Narelle crossed into WA on Friday, hitting the state roughly 900km north of Perth in the food bowl region. Continue reading...

Labor backs Greens inquiry into gas export tax – as it happened

This blog is now closedLabor cuts fuel excise for three months, saving Australians 26c a litre on petrol and dieselDezi Freeman shot dead by police after seven-month manhuntGet our breaking news email, free app or daily news podcastTrade minister to speak at National Press Club after signing of EU free trade dealDon Farrell, the trade and tourism minister, will speak to journalists at the National Press Club in Canberra today, talking up the government’s new free trade agreement with the European Union.We haven’t had an honest conversation in this country about issues around taxation for a very long time, because the conversation always gets shut down. So I absolutely support us having honest conversations as Australians about what we should be doing into the future that’s in the best interest of our nation. Continue reading...