Queensland's treasurer David Janetzki has handed down a budget with a $6.17bn deficit, even as coal royalty revenues are set to jump from $4.8bn to $6.9bn. A return to surplus is promised only in 2029–30, the year after the next state election. State borrowing is forecast to exceed $200bn within three years, raising the prospect of a credit ratings downgrade despite the mining windfall.
Earnings from mining the fossil fuel set to increase to $6.9bn over financial year, up from $4.8bn, with budget deficit to reach $6.17bnFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastQueensland’s treasurer says he’s “not giving up” on halting a ratings downgrade for the state’s finances after handing down a budget full of red ink, amid predictions state borrowing will top $200bn in three years.David Janetzki promised a budget surplus in 2029-30, the year after the state’s next election – but only after years of billion-dollar deficits.Government revenue will increase 5.1% over the forward estimates, driven by increases in government duties, payroll tax and royalties.Spending will grow, rising from $100.8bn in 2025-26 to $111.6bn in 2029-30.The government says it is committed to returning the budget to a “fiscally sustainable position through strong expenditure management”, with expense growth dropping from 4.9% in 2026-27 to an average of 2.6% over the four years to 2029-30.Half a billion dollars will be saved through better coordinating procurement, reducing the cap on senior executive positions and reduced spending on contractors and consultants.$119.2bn for new roads, bus projects and rail in the next four years, and other infrastructure.The state’s 50 cent fare scheme will remain and be legislated. Continue reading...
The Milwaukee Bucks have traded superstar Giannis Antetokounmpo to the Miami Heat. Analysts are grading both sides of the blockbuster deal to determine which franchise came out ahead. The Bucks effectively begin a rebuild by parting with their franchise cornerstone, while the Heat land one of the NBA's premier players.
The UK Competition and Markets Authority (CMA) has fined ticket reseller StubHub for failing to display full prices to buyers upfront. The company must refund approximately 50,000 customers who were misled. The action is part of a broader crackdown on hidden fees in the secondary ticketing market.
Jordan has qualified for the FIFA World Cup for the first time in history, and for millions of Palestinians living in the country, it feels like their moment too. Palestinian flags and emblems were prominently displayed at the match, turning the game into a show of national identity. The historic qualification has resonated deeply across the Palestinian diaspora.
Russian forces have entered Kostiantynivka, a key Ukrainian stronghold in the Donbas region, according to The Telegraph. The city risks falling under Russian control, and the situation in other nearby towns is also described as difficult. Kostiantynivka has long been a critical node in Ukraine's eastern defensive line.
This Saturday's SGP2 qualifiers — the Junior Speedway World Championship — will feature five Polish riders competing for a spot in the finals. However, one of the Polish competitors has already lost any chance of fighting for the world title. The start lists for the elimination rounds have been published.
Argentina secured victory in their World Cup 2026 group stage match, with the result discussed in the Mundial studio show. Lionel Messi was highlighted as the standout figure for the team. The studio panel reviewed the match performance and its implications for the tournament.
Despite the widespread use of GPS, geodetic control networks — grids of fixed reference points with known coordinates — remain essential for accurate land surveying in Poland. Specialists known as "guardians of coordinates" maintain and update these benchmarks. Without them, modern navigation and construction projects would lose critical precision.
Norway defeated Senegal 3-2 to maintain a perfect record after two group-stage matches at the World Cup. The result sets up a direct top-of-Group-I showdown between Norway and France. The Haaland vs. Mbappé duel is now the most anticipated fixture of the group stage.
Ukraine's permanent representative to the UN, Andriy Melnik, stated on Monday at an emergency UN Security Council session that Kyiv remains ready for direct negotiations with Russia. However, he warned that Ukraine's patience is not unlimited. The statement was reported by the Ukrinform news agency.
Porsche AG's CEO has promised to cut the brand's model range and increase integration with parent company Volkswagen AG. The sports car maker is battling compressed margins caused by US tariffs and sluggish demand in China. The restructuring aims to restore profitability for the maker of the iconic 911.
French animation studio Passion Paris has partnered with anime streaming service ADN to produce an animated series based on a popular South Korean webtoon. The adult action title has accumulated 80 million views worldwide, according to Passion Paris managing director Caroline Audebert. Passion Paris is known for productions including "400 Boys" and "Not a Box."
France secured a place in the last 32 of the 2026 World Cup with a 3–0 win over Iraq, but the match in Philadelphia was interrupted by a violent thunderstorm. The delay lasted two hours — the longest stoppage coach Didier Deschamps said he had ever experienced. The French squad waited in the dressing room before play eventually resumed.
Julian Alvarez publicly stated after Argentina's 2026 World Cup match against Austria that leaving Atlético Madrid is the best option for his club career. Barcelona are the front-runners to sign him, but Atlético, frustrated by repeated Catalan interest, are reportedly planning an alternative scenario to block the move to Camp Nou.
Canada has unveiled a nuclear strategy to build 10 new reactors within 15 years, double its uranium exports, and sell Canadian-designed reactors abroad. Energy Minister Tim Hodgson called the plan a "new civilian nuclear renaissance." It represents one of the country's most ambitious expansions of atomic energy.
A decade after the UK voted to leave the European Union, British politics remains deeply fragmented. Millions of voters have abandoned both the Conservative and Labour parties in favour of smaller alternatives. Brexit reshaped not only Britain's relationship with the EU but also the domestic balance of political power.
Algeria beat Jordan 2-1, overturning a half-time deficit of 0-1. Vladimir Petković's side levelled and scored the winner from set pieces. The victory keeps Algeria in contention to advance from the group stage.
Oil prices fell sharply following reports of a possible return of Iranian crude to the market. Weakening demand from China added further downward pressure. By Tuesday morning, Brent crude was trading around $77 per barrel, while WTI slipped below $74–75.
Just before Wimbledon, Iga Świątek publicly joined calls for higher prize money at Grand Slam tournaments. She stressed that her main concern is improving conditions for lower-ranked players, both men and women. Świątek said it is the right moment to speak up on the issue alongside fellow players.
Giannis Antetokounmpo has been traded to the Miami Heat in one of the NBA's biggest moves in years. Miami now faces the challenge of building a winning roster around both Giannis and Bam Adebayo. NBA insiders are also examining what comes next for the Milwaukee Bucks after losing their franchise player.
Jimmy Fallon mocked the company Greenwater Services after it came under fire for turning the Lincoln Memorial Reflecting Pool bright green. Fallon quipped "Nailed it" in reference to the firm's name, highlighting the irony. The company had been hired under the Trump administration.
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