Business

Donald Trump to wade into Middle East politics on first foreign trip

Donald Trump to wade into Middle East politics on first foreign trip

One of three senior White House officials who briefed reporters on the trip on the condition of anonymity said that making Saudi Arabia the first stop on Trump's trip is important because some people have portrayed him as anti-Islamic. They point to frequent visits from foreign leaders - including the most recent visit of Palestinian President Mahmoud Abbas - as proof that Trump has influence on foreign affairs from the White House.



Tillerson straddles fence on U.S. climate change policy at Arctic Council

The U.S. was formally handing over the rotating chairmanship to Finland . Tillerson made the remarks on Thursday while speaking at a meeting of Arctic nations in Fairbanks, Alaska, where the top United States diplomat signed an agreement recognizing the landmark 2015 Paris Agreement, but said Trump would decide whether to leave or weaken the pact.


Consumer prices rebounded 0.2 percent in April

Consumer prices rebounded 0.2 percent in April

In the 12 months through April, the CPI increased 2.2 percent. The biggest rise came from food and non-alcoholic beverages, which reached its highest level for three years at 1.2% for the 12 months to March. However, the likelihood the central bank in the US will increase their rates twice prior to the end of 2017 fell following the release of data on Friday.



Huge cyberattack hits almost 100 countries with 'Wanna Decryptor' malware

Across an ocean, Darien Huss, a 28-year-old research engineer for the cybersecurity firm Proofpoint, was doing his own analysis. Megafon , a Russian telecommunications company, was also hit by the attack. An Indian-origin doctor based in London had warned against the cyber-hack of the NHS just days before it crippled the country's network. Who else has been affected by the attack? Hospitals, schools, companies and governments around the world were assessing the damage Saturday after a ...


Treasurer slams bank 'whinge' but says levy won't increase

Treasurer slams bank 'whinge' but says levy won't increase

Mr Morrison said there was no reason bank customers should have to bear the brunt of the tax, noting "this isn't a levy on their deposits, it's not a levy on their mortgages", and banks will have to be honest about their reasoning for increasing fees.