The budget in seven graphs: no big surprises but this may be one of the most ambitious moves to fix Australia’s finances

With some long-awaited sanity on housing and taxes, including CGT and negative gearing changes, it’s one of the most important for good – but will still leave some out in the cold

Fortescue ordered to pay Yindjibarndi traditional owners $150m in record native title payout

Federal court found miner’s Solomon Hub iron ore mine caused cultural and social harm, including the destruction of 140 heritage sites

Labour must offer more than ‘better managed decline’ on economy, MPs urge

Soft-left Tribune group issues thinly disguised attack on Keir Starmer, calling for bold policy renewal

‘There’s too much risk’: Britons on changing holiday plans amid Iran war

Prospect of flight cancellations and petrol shortages prompt people to switch from air and road to rail and bus

Five former Carillion executives banned by accountancy regulator

Richard Adam, Zafar Khan and three others are also fined by Financial Reporting Council

UK households cut back spending at fastest rate in 16 months, Barclays says

Dip in credit card spending in April, particularly on travel, suggests Britons preparing for harder times amid Iran war fallout

British Steel nationalisation: what went wrong, and what happens now?

Keir Starmer’s plan for full state ownership marks latest chapter in Scunthorpe plant’s troubled history

Iran war oil shortage forces Japan snack giant to use black-and-white packaging

Calbee to switch its brightly coloured packaging to black and white because war has disrupted supply of certain raw materials used in ink

BuzzFeed sold to Byron Allen, who will take over as CEO in $120m deal

Allen, a media entrepreneur, to replace founder Jonah Peretti as chief executive with ‘significant’ cost cuts to come

British Steel: more questions than answers on the future

Hard decisions over a possible sale and future subsidies loom now full nationalisation is on the cards

UK government borrowing costs rise as Starmer ‘fails to reassure bond markets’ – as it happened

Yields on 10- and 30-year British government bonds have risen today, as investors digest possibility of leadership challenge

AI-powered hacking has exploded into industrial-scale threat, Google says

Criminal groups and state-linked actors appear to be using commercial models to refine and scale up attacks

UK borrowing costs rise as Starmer speech fails to dispel investor ‘jitters’

Bond yields creep higher on concerns about potential for political instability and rising inflation

Ofcom to investigate GB News over second airing of Trump interview

Regulator initially declined to investigate but now says it is looking into repeat broadcast from day after first showing

E.ON agrees to buy Ovo in deal to create UK’s biggest energy supplier

Acquisition would result in combined company serving about 9.6 million households if given regulatory approval