Wong says she isn’t concerned about One Nation’s fundraising efforts, but more about their policies. Pauline Hanson’s party says it has raised more than $1.5m in the last day, although those claims are unverified.
I’m less interested in what Pauline Hanson fundraises and am more concerned about One Nation’s policies. Just as I am concerned about the fact that the Liberal party and One Nation seem to be working together and that it appears to be very clearly that a vote for One Nation is actually a vote for the Liberal party, and a vote for the Liberal party is actually a vote for One Nation.
We’ve said for some time it’s obviously a fragile ceasefire, but we’ve also said that what Australia wants is a negotiated end to the war. That’s what we’re calling for, and that’s what we will continue to press for …
We’re not a central player in the Middle East, as we have said. What we can do is add our voice to others who are calling for a negotiated end to the conflict. It’s obviously one of the things we discuss today with the United Kingdom.
EU imports of Russian liquefied natural gas (LNG) from the Yamal project increased by nearly 18% in the first five months of 2026, according to a report by environmental and sanctions-monitoring NGO Urgewald shared with the Kyiv Independent.
The figures show the challenges facing EU's effort to end
Speaking at a bill signing on Wednesday, President Trump predicted that inflation would recede quickly, once the Iran conflict concludes.“ It’s going to come down like a rock.”
Naftogaz Group has, for the first time, booked long-term LNG regasification capacity in Europe, specifically at the LNG terminal in Klaipėda (Lithuania) for the period from 2033 through 2044, announced Serhiy Koretsky, CEO of NJSC Naftogaz Ukrainy.
For months, Donald Trump and White House officials had a habit of insisting that the president had delivered an economy with “no inflation.” The public has heard a lot less such talk lately, and there’s no great mystery as to why. CNBC reported:
The consumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus.
Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% level from April.
All that related data, incidentally, was released shortly before White House deputy chief of staff Stephen Miller told Fox News that Trump had transformed the U.S. into an “extraordinary paradise.”
Asked for his reaction to the developments, Trump said the latest inflation data was “great,” adding, “I love the inflation.” (He went on to claim that his love for inflation is based on a secret program that takes Iranian oil. It’s unclear whether that program exists in reality.)
Q: Are you concerned about the latest inflation numbers that came out this morning?TRUMP: No, I love it. I love the inflation. You know why? Because as soon as this war is over — do you know we've been taking out millions of barrels of oil? You know who doesn't know? Iran until right now.
Perhaps most importantly, NBC News’ report emphasized that inflation’s rise “has surpassed wage growth,” which necessarily exacerbates the affordability crisis gripping American consumers.
Kevin Hassett, the director of the National Economic Council and the top economist at the White House, has argued in recent weeks that rising inflation should be blamed on Democratic policies in blue states. Those claims, like much of what Hassett has to say, have been thoroughly discredited.
And no one is buying it. The latest national CNN poll found that 77% of respondents, including a majority of Republican voters, agreed that Trump’s policies have increased the cost of living. The same poll found that just 30% of Americans approve of the president’s handling of the economy, a career low for the Republican across both terms. That mirrored the results of the latest national Associated Press poll.
There’s no reason to assume those results won’t continue to get even worse.
This post, which updates our related earlier coverage, has been revised to include the quote from Trump..
Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy prices
US inflation jumped to an annual rate of 4.2% in May, the third consecutive monthly increase since the start of the Iran war and a three-year high, as Americans continue to face steep oil prices.
Prices have increased sharply over the past several months, rising at an annual rate of 3.3% in March before going up to 3.8% in April. In February, before the conflict began, inflation was at 2.4%.
Virtual bank monobank has abolished fees on all incoming and outgoing international SWIFT payments for both individual and business clients, project co-founder Oleg Gorokhovsky announced.
Portugal’s economy has demonstrated remarkable resilience in the years following the Covid-19 pandemic, with strong growth, rising wages and continued success in attracting major international investment, according to Finance Minister
NovaPay, the international financial service operating under the NovaPay brand and part of the Nova group, has fully placed its 14th bond issue (Series N) issued by its subsidiary NovaPay Credit, with a total nominal value of UAH 200 million.
Germany’s economic decline is no longer merely an economic story. It has become a political one. Chancellor Friedrich Merz has become the focal point of this broader crisis of governance and legitimacy. For decades, Germany was regarded as the economic engine of Europe and, alongside France, a principal political architect of the European Union. Today, […]
OpenAI files for IPO. Credit: Focal Foto / Wikimedia Commons / CC BY-SA 4.0
OpenAI confirmed Monday it has confidentially filed an IPO with U.S. regulators, joining rival Anthropic as the AI sector moves toward public markets. No timeline, share count, or pricing was announced.
The company said the move preserves the option for an earlier listing, while some decisions are easier to handle as a private firm.
Reuters reported OpenAI is targeting a valuation near $1 trillion for a debut possible as early as September. Anthropic filed for a U.S. IPO on June 1 after a $65 billion funding round valued it at $965 billion.
SpaceX is also pursuing a $75 billion offering at a $1.75 trillion valuation. Analysts say the simultaneous push by three major AI companies toward public markets is the most significant development of its kind for technology investors in a decade.
In March, OpenAI raised $122 billion from SoftBank, Amazon, and Nvidia at a valuation of $840 billion to $852 billion. ChatGPT had exceeded 900 million weekly active users and 50 million paying subscribers.
Monthly revenue stood at $2 billion, up from roughly $1 billion per quarter at the end of 2024, growing nearly four times faster than Alphabet and Meta at comparable stages. Internal projections put the company’s break-even point no earlier than 2030.
Beyond ChatGPT, OpenAI launched tools for government, healthcare, and finance, a web browser, consumer hardware plans, and an AI coding agent. It added a lower-cost $8 subscription tier and advertising as new revenue sources.
The Information reported in April that OpenAI projects 122 million subscribers this year and expects advertising to lead revenue by 2030.
A renegotiated Microsoft deal, covering $13 billion in investment since 2019, enabled growth at Azure and opened new agreements with Amazon and Alphabet.
OpenAI files its IPO amid legal battles and market pressure
Gil Luria of D.A. Davidson warned that large AI listings and Google’s recent secondary share sales could reduce the capital available for smaller offerings.
Michael Ashley Schulman of Cerity Partners said OpenAI appeared to be keeping its options flexible while Anthropic moved ahead in the IPO filing process. Prediction markets had expected OpenAI to file first.
OpenAI began as a nonprofit in 2015 and later added a for-profit arm under nonprofit oversight, a structure that drew attention when CEO Sam Altman was ousted by its board and reinstated within days in late 2023.
The company announced plans to convert to a public benefit corporation in December 2024. Early backer Musk filed a lawsuit alleging Altman and others redirected the organization from its founding mission for personal benefit.
A jury ruled against Musk in May, removing what analysts described as a significant legal obstacle ahead of the OpenAI IPO filing. His attorneys plan to appeal. Separate lawsuits link ChatGPT to shootings and suicides, and public skepticism toward AI persists.
Albanese says Australia still impacted by Middle East conflict ‘each and every day’
The prime minister, Anthony Albanese, is now on the ABC News Breakfast couch. He said Australia remains concerned about the economic impact of the turmoil in the Middle East.
Our job now is to demonstrate that we are a genuine and credible alternative to this terrible Labor government.
He’s a great supporter of the party, he’s a great supporter of Angus Taylor, I think this is a great opportunity. The Liberal party has always been what John Howard called the broad church: we like having different opinions.
We listen to everybody’s views, and we represent them.
Did you know Peter Thiel's Macro LLC liquidated his entire stock portfolio valued at $210 million. As of Q1 2026 he owns zero stocks outside of Palantir. I wonder what he knows that we don't? https://t.co/qhboC3aSO1 pic.twitter.com/sQphHwLGBX — Financelot (@FinanceLancelot) June 9, 2026
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