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Australia PM calls general election for May 3 amid cost of living crisis, tariff worries newsthirst.

Australia’s Prime Minister Anthony Albanese during a press conference at Parliament House in Canberra on March 28, 2025. Mike Bowers | Afp | Getty Images Australian Prime Minister Anthony Albanese on Friday called a national election for May 3 as the country grapples with high cost of living and rising U.S. tariffs. That kicked off…

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Planes diverted as China conducts rare military drill near Australia newsthirst.

Planes flying between Australia and New Zealand have been diverted as China conducts a closely-scrutinised military exercise in nearby waters that may involve live fire. The rare presence of three Chinese naval ships in the Tasman Sea has put both antipodean countries on alert in recent days, with Australia calling it “unusual”. Australian airline Qantas…

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Australia central bank cuts rates for the first time in more than four years, flags economic uncertainties newsthirst.

Reserve Bank of Australia (RBA) at the central bank’s building in Sydney, Australia on May 2, 2022. Brendon Thorne | Bloomberg | Getty Images The Reserve Bank of Australia on Tuesday cut benchmark interest rates for the first time in over four years, joining ranks with other major global central banks, as softening inflation allows…

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