Day: June 10, 2025
Discussions with US president on sidelines of G7 summit in Canada not yet locked in
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Anthony Albanese has pledged not to back down on plans to ban under-16s from social media and force online giants to pay for Australian news – two key policies opposed by big tech companies with the ear of Donald Trump – ahead of his expected meeting with the US president next week.
The prime minister also declared that “Australia should decide what we spend on Australia’s defence”, shrugging off demands from the Trump administration to rapidly increase military spending, even as he kept open the option of budgeting more for new assets.
Wage growth cools more than expected as Rachel Reeves tax increases add to labour market slowdown
Unemployment in the UK rose in April to the highest level in almost four years, official figures showed, as tax increases introduced by Rachel Reeves added to a broader slowdown in the jobs market.
In a blow for the chancellor before Wednesday’s spending review, the Office for National Statistics (ONS) said the jobless rate increased to 4.6% in the three months to the end of April, up from 4.5% on the previous three-month period to hit the highest level since summer 2021.
