作者: admin

  • Qantas and Jetstar extend flight schedule changes into first quarter FY27 amid fuel price pressures

    Qantas and Jetstar extend flight schedule changes into first quarter FY27 amid fuel price pressures

    The global aviation sector is facing mounting systemic pressures that are forcing major carriers to reshuffle their operational plans well into the next financial year, and Australia’s Qantas Group — which owns both Qantas and budget subsidiary Jetstar — is the latest airline to extend network adjustments to navigate ongoing headwinds. The two biggest challenges driving the changes are persistently sky-high jet fuel prices and ongoing travel market disruption stemming from conflict in the Middle East, which have combined to reshape international travel demand across the Asia-Pacific region.

    In an official statement, Qantas Group confirmed it is continuing to reconfigure its route network to two key ends: first, to mitigate the financial and operational fallout of Middle East tensions and sustained elevated fuel costs, and second, to capitalize on the unbroken strong consumer demand for travel between Australia and Europe.

    The carrier group has chosen to extend the network adjustments it first announced earlier, rolling the changes through the July-to-September period of 2026 and into the first quarter of fiscal year 2027. A core part of the international reshuffle is the redeployment of existing aircraft to boost capacity on Australian-European routes, an adjustment that also gives customers booked with Qantas’ partner airlines greater flexibility to rebook onto alternative services if their original plans are disrupted.

    A key addition to the expanded capacity is the extension of extra Perth-Rome return services through the end of October 2026. By contrast, Sydney-to-Paris services will scale back to three weekly return trips starting in August 2026, as previously scheduled; all Paris services will continue to operate out of Sydney with a stopover in Singapore. Overall, the combined adjustments add approximately 2,000 additional seats per week for travel between Australia and Europe, matching the ongoing robust demand on the corridor.

    Not all routes are seeing growth, however. Qantas will temporarily suspend its direct Sydney-Bengaluru service starting in August 2026, with a planned resumption of operations at the end of October. Both Qantas and Jetstar have also cut available capacity on trans-Tasman routes connecting Australia and New Zealand. Altogether, the changes reduce the Qantas Group’s previously planned international capacity by 2% for the first quarter of FY27.

    On the domestic front, the group is extending a previously announced 5% cut to overall domestic capacity through the end of September 2026, with the reductions largely concentrated on high-volume routes between major Australian capital cities. Qantas Group noted that all customers whose bookings are affected by the schedule changes are being contacted directly, with options to rebook onto alternative flights or receive a full refund for their tickets.

    Industry analysts note that this latest round of extended schedule adjustments underscores how the lingering impacts of post-pandemic supply chain disruptions, combined with new geopolitical and commodity price shocks, continue to create uncertainty for airline profitability and planning across the globe.

  • New footage shows how Trump dinner gunman charged through security in four seconds

    New footage shows how Trump dinner gunman charged through security in four seconds

    Prosecutors have made public never-before-seen closed-circuit security footage that captures the chaotic four-second encounter of an alleged assassination attempt targeting former President Donald Trump during a high-profile Washington press gala. The incident unfolded Saturday at the Washington Hilton, where Trump was in attendance at the annual White House Correspondents’ Association dinner. The newly released video shows 31-year-old Cole Tomas Allen, the accused attacker, bursting out of a hotel doorway and charging straight through a secured checkpoint while carrying a long-barrelled weapon. The footage captures a responding security agent opening fire on the sprinting suspect as Allen raises his firearm. The short clip does not clarify whether Allen successfully discharged his weapon, nor does it include the sequence investigators previously described where the suspect was tackled and taken into custody. Prosecutors additionally confirmed that the CCTV footage also captured Allen conducting pre-attack surveillance of the venue one day before the dinner, which was hosted in the hotel’s basement ballroom. Court documents and official statements outline that Allen checked into the Washington Hilton as a paying guest 24 hours before he attempted to carry out the attack. Acting U.S. Attorney Todd Blanche explained that the suspect managed to run roughly 60 feet (18 meters) down the hotel corridor before law enforcement officers stopped and subdued him. Per official charging documents, one responding officer was struck by a single bullet fired from Allen’s weapon, though the round was stopped by the officer’s ballistic vest, preventing serious injury or death. Immediately after being hit, that same officer drew his service weapon and returned fire, shooting multiple rounds at Allen. Remarkably, none of the officer’s bullets struck Allen, Blanche confirmed. Allen has formally entered a plea of not guilty to the charge of attempted assassination of the former U.S. president. The release of the new footage comes as the legal process moves forward, offering new public context for the botched attack that unfolded near one of the nation’s most prominent sitting political leaders.

  • AFL 2026: Michael Voss backs Luke Beveridge’s rule change criticism

    AFL 2026: Michael Voss backs Luke Beveridge’s rule change criticism

    Ahead of a highly anticipated Saturday night fixture against St Kilda at Marvel Stadium, Carlton Football Club senior coach Michael Voss has added his voice to growing criticism of the Australian Football League’s (AFL) current approach to rule enforcement and in-game officiating, aligning with recent remarks from Western Bulldogs head coach Luke Beveridge.

    Last week, Beveridge drew widespread attention when he delivered a three-minute monologue slamming the state of the modern AFL, arguing the current rule set has turned the competition into a “ping pong” style of play prioritizing broadcast revenue over natural, flowing game action. Voss, a long-time respected figure across the league, has echoed that critique, calling on the governing body to adopt clearer, less ambiguous standards for simple calls and cut back on excessive reviews by the AFL Review Centre (ARC).

    Voss specifically called out inconsistencies around the new last-disposal rule for balls kicked out of bounds. Under current protocols, any close call triggers a lengthy ARC review to determine which player touched the ball last before it went out of play. Voss argued that this process directly undermines the AFL’s stated goal of speeding up match play. He insisted that for any unclear last-touch calls, the straightforward solution of a boundary throw-in should be used immediately, eliminating the 25-second delays caused by constant reviews.

    “I think the less we use the ARC, the better we are,” Voss told reporters this week. “The ball goes out of bounds and it takes us 25 seconds to review. Please don’t do that. If you’re unsure, throw it in. Our intention was to quicken up the game and we’re slowing it down by continually reviewing everything. For that part, if the intention is to make the game faster, let’s go down that path, but let’s not slow it down by analysing whether the ball came off my foot or my hand. I think we can be better than that, we can be much more black and white on the simple things.”

    On the topic of recent draft adjustments that force Carlton to pay a higher selection price to secure father-son recruit prospect Cody Walker at the end of the current season, Voss played down the impact of the mid-season change, acknowledging that rule and system adjustments naturally bring discomfort but that the core demand from coaching staff is simply greater clarity around the league’s decisions.

    Beyond rule discussions, Voss turned his focus to Saturday’s upcoming match, which holds extra narrative weight as it marks the first time Carlton will face St Kilda following the off-season off-field player moves that saw Tom De Koning and Jack Silvagni switch clubs. De Koning, who will suit up against his former side for the first time this weekend, is already expected to be a focal point of the matchup. Voss admitted that friendly banter between former teammates is likely inevitable in the lead-up, but said he expects both sides to set personal friendships aside when the ball is bounced.

    “Not that I’ve heard but I am not going to pretend there probably hasn’t been a little bit of banter that’s been exchanged,” Voss said. “I am really not too sure what Cotts (Matthew Cottrell) gets up to, so he’s the quiet assassin in all of this. It’s a bit of wait and see but look, I hope for whatever it’s worth that we walk out as competitors, really. They put the friendships aside. We’ve got jobs to do and our boys have a job to do for our team and clearly they’re going to be locked in on what they need to be able to get done. But maybe turn the microphones up (because) there might be a bit of banter between the two.”

    For Carlton, the match comes after a far less turbulent week than the club experienced in the previous round, with the Blues still chasing a much-needed victory to boost their position in the 2025 AFL ladder.

  • New CCTV footage appears to show Washington press dinner suspect shoot at agent

    New CCTV footage appears to show Washington press dinner suspect shoot at agent

    Freshly uncovered closed-circuit television footage has emerged that seemingly documents the moment a suspect opened fire on a United States Secret Service agent connected to a high-profile incident at a Washington press dinner. The release of this visual evidence comes directly on the heels of circulating claims that the agent’s injuries were not caused by the suspect, but rather by an accidental case of friendly fire from fellow law enforcement personnel.

    The incident, which unfolded at one of the capital’s prominent annual media gatherings, sparked immediate confusion over the sequence of events and who bore responsibility for the agent being wounded. Prior to the CCTV footage being made public, speculation had grown around the friendly fire narrative, with multiple sources suggesting that miscommunication between responding officers led to the agent being struck by a round from a fellow agent’s weapon. Now, this new video material offers what appears to be clearer evidence of the suspect’s actions, potentially upending the earlier claims that have dominated discussions of the incident.

    Law enforcement officials have not yet issued an official formal comment confirming the authenticity of the footage or addressing how it may alter the ongoing investigation into the shooting. The incident has already drawn significant public and political attention, given its location at a major Washington press event that typically draws high-level government officials and leading journalists from across the country.

  • Apple hails ‘extraordinary’ iPhone demand as boss Tim Cook heads out

    Apple hails ‘extraordinary’ iPhone demand as boss Tim Cook heads out

    On Thursday, three major U.S. tech firms unveiled their first-quarter financial results, revealing a mixed picture of performance across the consumer technology and social platform sectors, alongside key updates on leadership transitions and artificial intelligence strategy.

    Leading the pack was Apple, which delivered blowout growth driven by unprecedented demand for its flagship iPhone line. For the three months ending March 31, the Cupertino-based giant reported total revenue climbed 17% year-over-year to $111 billion (£81 billion), with Chinese market sales outpacing all other regions, surging 28% from the same period last year. Outgoing Chief Executive Tim Cook called recent consumer demand for the iPhone “extraordinary,” noting that the iPhone 17 launch marked the most popular new iPhone release in the company’s history.

    While iPhone momentum remained strong, sales of other Apple product lines, including Mac desktop and notebook computers and wearable devices such as the Apple Watch, held relatively flat over the quarter. Even so, Cook highlighted that the newly launched lower-priced MacBook Neo has seen “off the charts” consumer interest, helping the company hit an all-time record for first-time Mac buyers during the quarter.

    Looking ahead to the second half of 2025, Apple plans to roll out a major update to its Apple Intelligence AI system that will integrate the technology natively into its Siri voice assistant. Cook emphasized that Apple’s approach to AI differs sharply from many of its industry peers: instead of launching a standalone AI feature, the technology will be woven into the core functionality of all Apple devices, with a core focus on protecting user privacy that Cook says makes Apple platforms the best environment for AI experiences. Unlike competitors that have poured hundreds of billions of dollars into developing proprietary large language models from scratch, Apple has opted to partner with established AI leaders including OpenAI and Google to power select features. While critics have labeled Apple a late mover in the current generative AI boom, the partnership strategy also leaves Apple far less exposed to financial risk if industry AI expectations fail to materialize.

    The earnings call also marked one of Cook’s final public appearances as CEO, ahead of his planned transition to chairman of the board effective September 1. Cook used the occasion to praise incoming CEO John Ternus, a long-time Apple hardware executive who will take the top leadership role. “I know he will push us to go further than we think is possible in order to deliver products for our users,” Cook said. In his first public comments to analysts as incoming CEO, Ternus confirmed he would maintain Apple’s longstanding tradition of financial discipline and teased a robust pipeline of upcoming products, saying “We have an incredible roadmap ahead…suffice it to say this is the most exciting time in my career at Apple to be building products and services.”

    Also releasing quarterly results Thursday was social discussion platform Reddit, which reported explosive 69% year-over-year revenue growth to $663 million for the first quarter. CEO Ladd Huffman told analysts that weekly active users in the U.S. now hit 200 million—more than half of the country’s total population—and the company’s next major growth goal is to convert that weekly audience into daily active users, with a long-term target of 1 billion daily active users globally. “Daily active users is both our mission and also fuel for the business,” Huffman explained.

    A growing, high-margin revenue stream for Reddit is licensing its user-generated discussion data to AI developers that use the content to train large language models. Huffman noted that existing data licensing deals with OpenAI and Google have already proven valuable, and will become even more critical as the broader internet becomes increasingly “optimized for AI” rather than authentic human conversation. “At the end of the day, there is no artificial intelligence without actual intelligence,” he said.

    Not all big tech earnings were positive Thursday: after releasing its quarterly results, youth-focused gaming platform Roblox saw its share price drop 20% in after-hours trading. While the company reported growth in both total users and revenue over the quarter, CEO David Baszucki told investors that user growth came in well below internal projections, a slowdown he attributed to the recent rollout of stricter age verification checks on the platform. The new protocol restricted communication for users who had not completed age verification and altered the experience for verified users, leading to slower new user acquisition than expected. Investors also reacted negatively to the company’s revised full-year revenue forecast, which came in lower than earlier projections. Roblox, which has been publicly traded since 2021, has yet to report a single profitable quarter since its IPO.

  • Violence in Australian town after arrest of man over girl’s murder

    Violence in Australian town after arrest of man over girl’s murder

    A wave of collective grief erupted into violent public unrest outside a regional Australian hospital this week, after authorities discovered the body of a 5-year-old Aboriginal girl who had been missing for five days. The incident has cast a harsh light on deep-seated community tensions in Central Australia’s Northern Territory, following the tragic death of the young child, identified publicly only as Kumanjayi Little Baby to respect Indigenous cultural mourning protocols that restrict using the full names of deceased people without family approval.\n\nThe girl was last seen alive late on Saturday night, when she was put to bed at Old Timers Camp, a government-designated Aboriginal accommodation camp on the outskirts of Alice Springs. Her body was recovered early Thursday, triggering immediate shock and anger across the local community. By Thursday evening, local residents had located Jefferson Lewis, the 47-year-old man who had been the prime suspect in the case, who had been released from prison just six days before the girl disappeared. Community members confronted Lewis, reportedly assaulting him before police arrived to take him into custody.\n\nWhen word spread that Lewis would receive medical treatment at Alice Springs’ main hospital, hundreds of local Aboriginal people gathered outside the facility to demand justice under traditional Indigenous law, a practice known locally as “payback”. Footage captured from the scene shows crowds of up to 400 demonstrators throwing projectiles at police officers, leaving multiple police vehicles damaged and several people—including emergency responders—with minor injuries. Northern Territory Police Commissioner Martin Dole told the Australian Broadcasting Corporation (ABC) that when officers located Lewis, he was already unconscious from the attack by community members. When police and paramedics attempted to move Lewis for emergency care, roughly 200 demonstrators confronted the emergency teams, forcing officers to deploy tear gas to disperse the crowd.\n\nProtesters repeatedly chanted that Lewis should be killed for the alleged crime, and accused police of deliberately protecting the suspect from traditional punishment. Commissioner Dole acknowledged the overwhelming grief that drove the unrest, but condemned the violence, saying the chaotic scenes outside the hospital “are not acceptable” and do not “reflect what we’ve seen from the community of Alice Springs in the last five days”. In a remark that echoed the shared devastation of everyone involved in the search, Dole added, “Everyone involved in the search for her had been holding out hope of finding her alive. When we made that discovery yesterday it was absolutely devastating for everybody involved.”\n\nShortly after the unrest, authorities airlifted Lewis from Alice Springs to a hospital in Darwin, where he is now formally in police custody. Prosecutors confirm formal murder charges are expected to be filed in the coming days, as forensic teams continue work to confirm the girl’s identity and exact cause of death, with examinations set to continue through Friday.\n\nIn a written statement released through authorities, Kumanjayi Little Baby’s mother, who has requested to remain anonymous, shared a heartfelt tribute to her daughter, saying, “It is going to be so hard to live the rest of our lives without you. We know you are in heaven with the rest of the family and Jesus. Me and your brother will meet you one day.” She also extended gratitude to the hundreds of local community members, police officers, and civilian volunteers who worked around the clock for five days to search the surrounding bush and outback terrain for the missing child.\n\nNorthern Territory Chief Minister Lia Finocchiaro echoed the widespread national sorrow over the tragedy, saying, “For five days every Territorian has had their heart in their throat waiting for the moment when we got the announcement that she had been found safe and well… Everyone is incredibly devastated.” As of Friday morning, no arrests have been made in connection with the violent unrest outside the hospital, and investigations into both the girl’s death and the public disorder are ongoing.

  • ‘I don’t want to be a burden’: Sea Eagles great set to play on in 2027 as club prepares for ultimate Panthers test

    ‘I don’t want to be a burden’: Sea Eagles great set to play on in 2027 as club prepares for ultimate Panthers test

    As the clock ticks down on one of the most anticipated career decisions in the NRL this season, Manly Sea Eagles veteran Jake Trbojevic is increasingly certain he will extend his decorated career into 2027, with a recent form resurgence under interim head coach Kieran Foran pushing him toward activating the player option in his existing contract.

    The 32-year-old former New South Wales State of Origin skipper, who made his top-flight NRL debut back in 2013, has spent years navigating a string of concussions that sparked widespread speculation about his potential retirement. After a underwhelming start to the 2024 season that mirrored the entire Sea Eagles squad’s slow start, Trbojevic has found new momentum since Foran took over the head coaching role from Des Hasler earlier this month.

    In a press statement this week, Trbojevic confirmed he is “definitely” leaning toward playing another season, noting that his recent run of strong on-field performances has made his choice far simpler. He emphasized that any final decision will prioritize the long-term interests of both himself and the club he has represented his entire career, adding he has no intention of becoming a “burden” to the side he has supported and played for over more than a decade.

    “It’s been a really enjoyable month. Having Foz (Foran) take over has been a breath of fresh air, and the consistent footy we’ve put together makes life a lot easier,” Trbojevic said. “The last few weeks have definitely made things a lot clearer. I just want to make a good decision for both me and the club. I don’t want to be a burden. We’re obviously always having ongoing conversations, and there’s great respect between both parties, so a final decision won’t be far away.”

    His younger brother, injured star fullback Tom Trbojevic, has thrown his full support behind another season for the veteran lock, arguing that criticism of Jake’s early-season form was wildly overblown. The Sea Eagles remain heavily reliant on Jake Trbojevic’s leadership both on and off the pitch, with his veteran presence viewed as a core asset for the club’s developing young core.

    “He’s definitely playing some of his best footy right now and really enjoying himself, so I definitely want to see him play on,” Tom Trbojevic said. “I thought everyone copped a bit of criticism at the start of the year, but I don’t think he was playing as badly as everyone was saying. We know what he’s capable of, and it’s great that he’s out there showing everyone that right now.”

    As Trbojevic nears his final call, the resurgent Sea Eagles will face their biggest test of the Foran era this Sunday night, when they go head-to-head with the ladder-leading Penrith Panthers. Manly has notched four straight wins since Foran took over as caretaker coach, but the clash with the five-time defending premiers will be the first true measure of how far the side has progressed in recent weeks.

    “Any time you play Penrith, it’s going to be a tough challenge,” Jake Trbojevic said. “It’s nice that we come in with good form because it gives you a bit of confidence. But we know it’s going to be a very hard test. Anyone who goes up against Penrith knows they’ve been the best side for the last five or six years. It’s a great challenge for us to see where we’re at. I’m just happy with our progression; we’ve continually gotten better and better. Hopefully, we can just go out and compete with them. I’m not going to talk about an end result, I just hope we can compete for a full 80 minutes.”

  • US congressmen introduce resolution condemning Hasan Piker for alleged antisemitism

    US congressmen introduce resolution condemning Hasan Piker for alleged antisemitism

    A new partisan firestorm has erupted on Capitol Hill this week after two U.S. lawmakers from opposing parties jointly introduced a congressional resolution that seeks to formally condemn high-profile online political commentators Hasan Piker and Candace Owens over repeated allegations of antisemitic rhetoric. The measure was brought forward by Democratic Representative Josh Gottheimer and Republican Representative Mike Lawler, who level claims that the left-leaning Piker, a leading Twitch streamer, and right-wing podcaster Owens have deliberately amplified dangerous antisemitic narratives across digital platforms, which the pair argue has directly fueled the rising tide of violent attacks targeting Jewish people, community institutions and religious sites across the United States.

    According to the text of the resolution, Piker has repeatedly deployed antisemitic language, most notably through public expressions of support for Hamas, the militant group officially designated as a foreign terrorist organization by the U.S. government. For Owens, the resolution accuses her of circulating toxic conspiracy theories including false claims that Israel exercises complete control over the U.S. federal government, pushing unsubstantiated assertions that ancient Jewish religious texts instruct believers to hate non-Jewish people, and publicly questioning the veracity of testimony from Holocaust survivors.

    Piker was quick to push back against the allegations in an official statement provided to the Jewish Telegraph Agency, denouncing the resolution as a cynical bad-faith political maneuver. “They are once again conflating legitimate critics of Israel with actual antisemites,” Piker said. “They would rather complain about fake antisemitism in defense of Israel than call out the real sources of Jew hatred with a full chest.” He added that his entire professional career has been dedicated to combating all forms of bigotry, including antisemitism, and he would not stop this work despite the politically motivated resolution crafted to satisfy partisan donors.

    The streamer doubled down on his criticism in a public Instagram Story, calling out Lawler’s history of opposing war powers restrictions. He highlighted that Lawler previously voted against a resolution designed to limit then-President Donald Trump’s authority to launch military conflict against Iran — a measure that ultimately failed to pass — asking rhetorically, “DID THIS DICKHEAD PUSH BACK THE WARPOWERS RESOLUTION TO PUSH THIS INSANE BILL?!” Piker also shared multiple critical posts about the resolution from X (formerly Twitter) to his own audience to amplify widespread pushback against the measure.

    As of press time, Owens has not issued any public response to the resolution, and Middle East Eye has reached out to both commentators for additional comment that has not yet been received.

    The resolution has sparked widespread backlash across social media, where thousands of users have slammed the initiative as nothing more than performative politics, questioning why elected officials are prioritizing the condemnation of private digital commentators when the country faces multiple pressing national crises. Many critics have argued that congressional condemnation of two private citizens over their speech sets a dangerous precedent for overreach by the federal government. “Yeah Candace and Hasan suck, why does congress need to do this at all though?” one user asked on Reddit, noting that the congressional attention would almost certainly boost the two commentators’ profiles and audience sizes.

    Other users echoed the concern over inappropriate government overreach. “Fuck antisemitism, but I think it’s really inappropriate for congress to condemn private citizens like this,” one commenter wrote. “I don’t need nanny state BIG government doing my hating for me,” another added. Many commentators pointed to the nation’s ongoing affordability crisis, with one user posting, “Nobody can afford to eat I don’t give a fuck about what a twitch streamer says in a free country.”

    A large portion of the criticism directed at the resolution centers on its conflation of legitimate criticism of Israeli policy with antisemitism, particularly in the case of Piker. Many critics have asked why lawmakers are wasting legislative time condemning a private streamer for criticizing Israel instead of condemning what they describe as ongoing genocidal actions by the Israeli government.

    Multiple social media users have also highlighted the politically loaded timing of the resolution, introducing it as the U.S. grapples with a severe cost-of-living crisis worsened by the unpopular U.S.-Israeli military engagement in Iran. “You wouldn’t know it, but we’re at war with Iran, gas is hurling towards $5/gallon, and SCOTUS (Supreme Court) just gut the Voting Rights Act,” noted Kyle Blomquist, a Democratic candidate for U.S. Congress, in a social media post that was widely shared across platforms. Many ordinary Americans echoed this frustration, sharing their own struggles with skyrocketing prices for basic necessities including gas, groceries and housing, noting that lawmakers appear to be ignoring these urgent daily concerns.

    Gottheimer and Lawler, both well-known staunch supporters of Israel, have a history of pushing pro-Israel legislation on Capitol Hill. Last year, the pair introduced the International Governmental Organization (IGO) Anti-Boycott Act, a bill that would have effectively criminalized organized boycotts of the state of Israel. That bill was ultimately pulled from consideration in May 2025 after significant backlash from right-wing politicians and independent podcasters who opposed the measure on free speech grounds.

  • ANZ half-year profits surge 9 per cent to $3.65bn

    ANZ half-year profits surge 9 per cent to $3.65bn

    Australia and New Zealand Banking Group (ANZ), one of the nation’s big four lenders, has delivered a robust 9% jump in half-year statutory profit to AU$3.65 billion, outpacing national inflation twice over, as the bank pushes forward with a sweeping internal restructuring and cultural reset under a year-old leadership team.

    Released on Friday morning, the latest financial results covering the six months to March 31 show steady growth across core banking metrics: total customer deposits rose 3% to add AU$23 billion to the bank’s balance sheet, while aggressive cost-cutting measures brought operating expenses down 22% year-on-year. The cost reductions have been tied to a widely publicized plan to cut 3,500 roles, announced in September 2023, with full implementation of the layoffs scheduled for September 2024.

    Nuno Matos, ANZ’s chief executive who will mark his first year in the role later this month, framed the strong results as proof the bank’s overhaul is on track. “We have refreshed our leadership team and commenced our cultural reset with new corporate values,” Matos said in a statement accompanying the results. “We have also made significant progress to reduce duplication and simplify the bank’s operations.”

    Against a backdrop of rising interest rates, persistent inflation, and intensifying competition across Australia’s retail banking sector, where consumers are increasingly shopping around for better loan and deposit terms, Matos noted that the bank’s active margin management kept profit margins stable through the half-year, even as lending and deposit growth remained moderate. Statutory profit, which excludes one-off significant items, hit the AU$3.65 billion mark, while the bank’s preferred cash profit metric recorded a stronger 14% year-on-year increase.

    Shareholders will receive an 83-cent dividend per share, fully franked to 75% — an increase from the prior period’s 70% franking, though the total dividend amount has held steady from the last reporting cycle. All key performance metrics improved over the period: return on tangible equity rose and the bank’s cost-to-income ratio also moved in a positive direction, in line with the lender’s cost-cutting targets.

    Matos, whose first year in charge has been defined by mass layoffs, structural streamlining and cultural reform, acknowledged the challenging operating environment facing the global and domestic economy, singling out the ongoing Iran crisis as a growing risk to global growth and inflation. “As Australia’s most international bank we have a front-row seat to global developments,” he said. “Much of the potential impacts of this crisis in Iran remains ahead of us, but the longer the flow of oil is constrained, the greater the chance the crisis shifts from being primarily an inflation challenge to much more of a supply and growth challenge.”

    On the domestic front, Matos noted that both corporate and household balance sheets have held up well through the current period of economic volatility. ANZ’s corporate clients have been proactive about building capital and liquidity buffers, boosting flexibility and strengthening supply chain resilience, he said. For households in both Australia and New Zealand, he added, most entered the current period of financial shock with strong balance sheets and elevated savings buffers accumulated during the pandemic.

    “ We have not seen any material increase in new customers entering hardship or receiving assistance,” Matos said. “However, we recognise that some individuals and businesses are navigating these challenging circumstances. We urge customers who may need assistance to contact us.”

    Matos is scheduled to answer questions from financial analysts and reporters later on Friday, where further details on the timeline of restructuring, future cost-cutting plans, and the bank’s outlook for the second half of 2024 are expected to be revealed.

  • Has the royal state visit saved the special relationship?

    Has the royal state visit saved the special relationship?

    For decades, the so-called “special relationship” between the United States and the United Kingdom has been a cornerstone of transatlantic diplomacy, but it has faced growing strains in recent years amid shifting policy priorities and changing leadership on both sides of the Atlantic. Now, a key question is circulating in diplomatic circles: could King Charles III’s recent high-profile royal state encounter with former U.S. President Donald Trump breathe new life into this long-standing alliance?

    Sarah Smith, senior political correspondent for the BBC, has examined whether the British monarch’s deliberate diplomatic outreach to Trump produced any tangible shift in the trajectory of U.S.-UK ties. The interaction, framed as a charm offensive by observers, saw King Charles lean into his decades of diplomatic experience to engage the former president in discussions covering shared global priorities, from transatlantic security to economic cooperation.

    The special relationship has long been defined by more than just formal policy alignment; it rests on shared cultural values, historical ties, and coordinated action on the world stage. In recent years, however, changing leadership in both capitals has led to questions about whether the bond has weakened, with disagreements over trade policy, climate action, and international security creating occasional rifts between the two allies.

    Smith’s analysis centers on whether the monarch’s soft power diplomacy, built on personal engagement and symbolic connection, can help bridge divides and shore up the relationship, regardless of ongoing shifts in elected leadership on both sides. While the meeting itself was largely symbolic, experts note that high-profile royal engagements have long played a quiet role in smoothing diplomatic tensions and keeping bilateral channels open.