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Labor offers $1bn in loans to Australian export companies and seeks to loosen US trade ties after Trump tariffs | Australian economy newsthirst.

Labor will provide $1bn in zero interest loans to help export-focused companies tap alternative markets as Australia seeks to loosen trade ties with the US in response to Donald Trump’s new tariffs. The lending facility would complement a separate government initiative to fund representative bodies of affected sectors “to secure and grow new markets”. The…

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Fed’s Kashkari says rising bond yields, falling dollar show investors are moving on from the U.S. newsthirst.

Minneapolis Federal Reserve President Neel Kashkari said Friday that recent market trends show investors are moving away from the U.S. as the safest place to invest while President Donald Trump’s trade war escalates. With Treasury yields rising and the U.S. dollar sagging against its global counterparts in recent days, the trends are running counter to…

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AI-generated child sexual abuse videos surging online, watchdog says | Internet newsthirst.

The number of videos online of child sexual abuse generated by artificial intelligence has surged as paedophiles have pounced on developments in the technology. The Internet Watch Foundation said AI videos of abuse had “crossed the threshold” of being near-indistinguishable from “real imagery” and had sharply increased in prevalence online this year. In the first…

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Griffin calls tariffs a ‘painfully regressive tax,’ hitting working class the hardest newsthirst.

Citadel CEO Ken Griffin speaks during the Semafor World Economy Summit 2025 at Conrad Washington on April 23, 2025 in Washington, DC. Kayla Bartkowski | Getty Images Billionaire Ken Griffin, founder and CEO of the Citadel hedge fund, said working class Americans will bear the brunt of President Donald Trump’s punitive tariffs on U.S. trading partners. “Tariffs…

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Obama bats for Harris at Philadelphia rally: ‘She will have your back, every single day’ | US elections 2024 newsthirst.

Barack Obama made an impassioned pitch for Kamala Harris at a Philadelphia rally with Bruce Springsteen on Monday, telling voters: “It’s not just policies that are on the ballot, it’s who we are. “Whether this election is making you feel excited or scared, or hopeful, or frustrated, or anything in between: do not sit back,”…

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NSW Labor accused of ‘pretty deliberate attempt’ to minimise impact of long-promised drug summit | New South Wales newsthirst.

New South Wales Labor has been accused of trying to minimise the impact of a once-in-a-generation drug reform summit amid last-minute changes and concern from experts over transparency. The long-promised NSW drug summit begins on Friday in the regional city of Griffith before hearings in Lismore and Sydney. All but the opening speeches in Griffith…

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