Author: Press Room

Australian home borrowers are in for a bad year but a major bank is forecasting relief in 2027 as the Middle East oil crisis pushes unemployment to levels last seen during COVID lockdowns.While National Australia Bank sees the Reserve Bank raised interest rates again on May 5, it sees relief coming next year with two rate cuts.This would occur as unemployment soared from 4.3 per cent now to a six-year high of 4.8 per cent in 2027, reaching levels last seen in late 2021 when Sydney and Melbourne were in COVID lockdowns.Over coming months, the oil crisis is set to…

Meta will lay off 8,000 workers while Microsoft is offering buyouts to 8,750 people, a first for the Windows maker.Published On 23 Apr 202623 Apr 2026Meta is laying off about 8,000 workers, or about 10 percent of its workforce, the company has said as it continues to ramp up spending on artificial intelligence infrastructure and highly paid AI-expert hires.On Thursday, the company said it was making the cuts for the sake of efficiency and to allow new investments in parts of its business, as first reported by Bloomberg, which also said the company will leave about 6,000 jobs unfilled.Recommended Stories…

NEWYou can now listen to Fox News articles! Housing and Urban Development (HUD) Secretary Scott Turner has ordered an immediate halt to enforcement of a key Obama-era housing rule tied to gender identity, directing the agency to operate programs based on biological sex.The directive stops any pending or future enforcement of HUD’s 2016 Equal Access Rule, which expanded gender identity as formally recognized in federally-funded housing programs and shelters.The move marks a significant shift in how shelters and HUD-funded providers operate, particularly those serving women fleeing domestic violence, and implements President Donald Trump’s executive order to restore what the administration…

NEWYou can now listen to Fox News articles! A former private school teacher, who was nicknamed “Mr. Wonderful,” has been charged with three counts of rape involving two of his former students.Matthew Rutledge, 64, walked into Berkshire Superior Court in Pittsfield, Massachusetts, on Wednesday for his arraignment after Melissa Fares, 33, and Hilary Simon, 39, accused their teacher of abusing them when they were students at Miss Hall’s School. The abuse allegedly happened between 2000 and 2010. He pleaded not guilty.The allegations include claims Rutledge groomed and repeatedly abused students, according to statements released by the Berkshire District Attorney’s Office.”For…

The reeve of the regional municipality (RM) of Corman Park, Sask., says his council is considering leaving a Saskatoon-area regional planning district after years of the other municipalities having more say than his. The planning district, called the Saskatoon North Partnership for Growth (P4G), was formed in 2014 and comprises Saskatoon, Martensville, Warman, Olser and Corman Park. It was created with the intention of developing the region, supporting sustainable land use and strategizing for decades of growth.But for Reeve Joe Hargrave, the partnership has revealed several challenges that are slowing down development approvals, with the RM’s council feeling as if…

The Cleveland Browns, rumored to be willing to trade down from their No. 6 overall selection in the 2026 NFL draft, did just that Thursday evening when the traded the pick to the Kansas City Chiefs.Cleveland traded the sixth overall pick in the first round of the 2026 NFL Draft to the Chiefs, in exchange for the ninth overall pick, as well as pick No. 74 in the third round and No. 148 in the fifth round.The Browns now hold the No. 9 and No. 24 picks in the first round of the draft. They have a total of 11…

The updated Honda ZR-V is due to arrive in Australia next month, with hybrid power expected to play a bigger role in the refreshed mid-size SUV range.

The United States Department of Justice has filed criminal charges against an active-duty soldier for placing a bet on the abduction of Venezuelan President Nicolas Maduro, using classified military information for personal profit.On Thursday, prosecutors accused Gannon Ken Van Dyke, 38, of cashing in on the operation against Maduro, to the tune of more than $400,000.Recommended Stories list of 3 itemsend of listThey say he used the prediction market platform Polymarket 13 times to bet on topics including whether US forces would “invade” Venezuela and when Maduro would be removed from office. Officials framed his actions as a dire breach…

President Trump said Thursday that he was weighing a taxpayer-funded takeover of Spirit Airlines with the intent of reselling the struggling budget carrier after oil prices drop.The president confirmed his continued interest in offering Spirit a financial lifeline after a lawyer told a U.S. Bankruptcy Court that the airline was in advanced talks with the U.S. government on a financing deal that would allow Spirit to emerge from Chapter 11 protection. “They have some good aircraft and good assets, and when the prices of oil goes down, we’ll sell it for a profit,” Mr. Trump said, speaking at an unrelated Oval…

NEWYou can now listen to Fox News articles! U.S. Immigration and Customs Enforcement (ICE) arrested multiple individuals on Wednesday who were convicted of serious crimes, including sexual assault and drug trafficking, as part of enforcement actions during National Crime Victims Week, officials said.The Department of Homeland Security (DHS) said the arrests targeted individuals with prior convictions for offenses such as aggravated sexual assault, lewd acts with a child, assault by strangulation and distribution of methamphetamine.”During National Crime Victims Week, DHS is continuing its work to fight for justice for victims of illegal alien crime,” Acting Assistant Secretary Lauren Bis said…