Top World News

Nov 21, 2024 - World

International Distribution Services’ says it will take £134m hit from budget but shows improved underlying financial performance The company that owns Royal Mail has blamed a £134m hit from Labour’s first budget in 14 years for preventing a return to profit, as its underlying financial performance improved.International Distribution Services’ half-year results illustrate the difficulties it is facing during one of the most turbulent periods in the history of its 508-year-old subsidiary, the Royal Mail. Continue reading...

Nov 21, 2024 - World

This blog is now closedSydney train strike: chaotic shutdown averted after 11th-hour crisis talks with unionGet our breaking news email, free app or daily news podcastNew South Wales MPs condemned for ‘part-time’ parliamentary yearScores of NSW MPs will earn the equivalent of more than $10,000 per sitting week in 2025 after a bid to increase the year’s 16-week calendar was rejected, AAP reports.To do this, government MPs have to turn up to parliament and discuss matters. Voters won’t be happy that government MPs would prefer to hide in their electorate offices rather than turning up to parliament, where they face scrutiny. Continue reading...

Nov 21, 2024 - World

Wars have spread and intensified, with far-reaching impacts on global economic growth and food security, according to latest Conflict Intensity IndexThe proportion of the world engulfed by conflict has grown 65% – equivalent to nearly double the size of India – over the past three years, according to a new report.Ukraine, Myanmar, the Middle East and a “conflict corridor” around Africa’s Sahel region have seen wars and unrest spread and intensify since 2021, according to the latest Conflict Intensity Index (CII), published by risk analysts Verisk Maplecroft. Continue reading...

Nov 21, 2024 - World

Perth businessman tells AGM he made ‘error in judgment’ as company’s executive pay plans are voted downFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastEmbattled mining billionaire Chris Ellison has told shareholders he can’t stress enough “how much I hate what I’ve done” after a series of scandals engulfed the company he leads, Mineral Resources.The Perth businessman has previously acknowledged he failed to disclose revenue generated by overseas entities to tax authorities earlier in his career. A company investigation later found he had also used business resources for his personal benefit.Sign up for Guardian Australia’s breaking news email Continue reading...

Nov 21, 2024 - World

NSW government caves to rail union demands to prevent workers strikingFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastA chaotic two-day shutdown of Sydney’s train network has been averted at the 11th hour after the state government caved to rail union demands to run 24-hour services to prevent workers striking.However, the New South Wales premier, Chris Minns, has warned that despite securing a two-week hiatus on industrial action amid tense negotiations with rail unions over a new pay deal, there is no guarantee that the threat of a city-wide rail shutdown will not recur in a fortnight.Sign up for Guardian Australia’s breaking news email Continue reading...