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Anthony Albanese's meeting with Donald Trump cancelled as US president leaves G7 summit

Anthony Albanese's meeting with Donald Trump cancelled as US president leaves G7 summit

SBS Australia5 hours ago

Prime Minister Anthony Albanese's highly anticipated first meeting with United States President Donald Trump will not go ahead on the sidelines of the G7 in Canada. The two leaders were expected to discuss US steel and aluminium tariffs on Australian goods as well as the AUKUS deal, which is being reviewed in Washington. Hours after striking a trade deal with United Kingdom Prime Minister Keir Starmer, Trump has decided to leave the G7 early due to the escalations between Israel and Iran in the Middle East. US press secretary Karoline Leavitt said Trump had a "great day at the G7" as she revealed news on social media on Tuesday morning. "Much was accomplished, but because of what's going on in the Middle East, President Trump will be leaving tonight after dinner with Heads of State," she said on X. Moments before the post was shared, Albanese had told the media he looked forward to their discussion. This is a developing story and this article will be updated.

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EOFY 2025: Best Bedding Deals from Emma Sleep in Australia
EOFY 2025: Best Bedding Deals from Emma Sleep in Australia

News.com.au

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  • News.com.au

EOFY 2025: Best Bedding Deals from Emma Sleep in Australia

As the Australian EOFY (end of financial year) rapidly approaches, hot deals and huge savings are dropping faster than ever. This time of year also marks an annual shopping event that sees retailers rushing to offload stock before the financial year wraps at the end of June, providing incredible opportunities for clever shoppers to get their hands on some massive bargains. It's the perfect time to save a whole lot of dollars on big ticket items for your home – like a new mattress or bed – that usually would make your wallet quite a bit thinner. Top bedding brand Emma Sleep has slashed prices on its award-winning mattresses, including the Emma Luxe Mattress that buyers describe as a 'game-changer' and a 'super comfortable yet supportive' mattress. A queen-size version of the Emma Luxe, which is a highly rated cooling mattress, is currently on sale for $1215 (down from $2700), meaning you can save an insane 55 per cent off. 'Best mattress I have ever bought!' raved one five-star reviewer. 'Totally love this Emma mattress. Super comfortable yet supportive and best of all, I don't feel my partner moving in the night, so I sleep undisturbed! Brilliant.' In the market for a new bed? The price on the Emma Storage Bed – which doubles as a smart storage solution as well as a bed – has plunged from $1050 to $945 for a double size, which is a total of 10 per cent off. Alternatively, you could sort multiple bedroom buys at once with Emma Sleep's bundle deals like 48 per cent off Emma Breezy Nights Bundle (which contains a Luxe Mattress, Diamond Pillow, Mattress Protector) for the low starting price of $1099 (down from $2128) to get even more bang for your buck. As well as huge savings, Emma Sleep makes shopping even more stress-free thanks to its 150-night trial, 10-year warranty, money-back guarantee and free metro delivery on all orders with no minimum spend. Scroll down to see all of Emma Sleep's must-have EOFY deals. Please note: prices are correct and products in stock at time of publishing. We'll do our best to keep this story updated, but be aware products move fast during sales events. Best EOFY 2025 mattress and bed deals at Emma Sleep Best EOFY 2025 bundle deals at Emma Sleep Best EOFY 2025 bedding and accessories deals at Emma Sleep FREQUENTLY ASKED QUESTIONS What is EOFY? The end of financial year (EOFY) sales marks Australia's financial year coming to a close in June before a new one kicks off in July. As retailers race to get rid of the previous year's stock by the end of the month and make room for fresh products, shoppers can score some serious bargains. When is EOFY? The final day of the financial year is June 30 each year, while the new financial year starts on July 1. This year, EOFY takes place on a Monday. Be warned: while sales technically finish at the end of June, retailers often drop deals early. Some of the best bargains are snapped up lightning fast by savvy shoppers, so don't let your finger linger over the 'add to cart' button if you see something that catches your eye. Snap up the savings as soon as you spy them or you may miss out all together. What to expect from EOFY sales at Emma Sleep Most major Aussie retailers are involved in the EOFY sales — and Emma Sleep is no exception. A mattress is such an essential and big ticket item, so if you're looking for a new or upgraded one for your home, now is the time to buy. Save 55 per cent off Emma Luxe Mattress (Queen), $1215 (down from $2700) or 45 per cent off Emma Comfort Mattress (Queen), $880 (down from $1600). Or if it's bedding and accessories you're after, try the Emma Bamboo Bedding Set, which is currently 30 per cent off. It could be yours for just $140 (down from $200) for a single set. Stay in the loop with this year's EOFY discounts by signing up to our free weekly shopping newsletter.

The Trump family's next venture, a gold smartphone and mobile phone service
The Trump family's next venture, a gold smartphone and mobile phone service

ABC News

time31 minutes ago

  • ABC News

The Trump family's next venture, a gold smartphone and mobile phone service

Donald Trump's family business is launching a new Trump-branded phone service in its latest plan to monetise the US president's name, though even his son admits manufacturing phones in America will be a challenge. The Trump Organization, which is run by Mr Trump's sons Donald Jr and Eric Trump, said it planned to license a third party to sell a gold smartphone with Mr Trump's name that will be "proudly" built in the United States. It joins Trump-branded watches, sneakers, fragrances and Bibles as products capitalising on his political brand, the licensing of which has made millions for his family. But industry experts say the pitch to manufacture the phones in the US at a cheaper price point isn't possible, at least in the near future. In announcing its plans, the executive vice-president of the Trump Organization, Eric Trump, said consumers deserve a phone that aligns with their values. A website for the project advertises a $US47.45 monthly plan, an apparent nod to Mr Trump's two terms as the 47th and 45th president of the United States. The mobile phone service also pitched a policy of "discounted" international calls for families with members serving in the military outside the US. It's not the first time Mr Trump has ventured into the telecommunication industry. He once gave speeches and promoted a multi-level marketing company called ACN. It was eventually sued for fraud and misleading customers. The Trump Organization has also had a string of business failures tied to licensing, including Trump Vodka, Trump Steaks and Trump Mattresses. According to the announcement, the $US499 ($765) T1 "sleek, gold smartphone" will be "proudly designed and built in the United States". For comparison, Apple's iPhone 16 Pro Max — which is mainly made in China — costs $US1,199. A mock-up of the planned phone on the company's website shows Mr Trump's slogan Make America Great Again on the front and an etched American flag on the back. Tingling Dai, a Johns Hopkins University business professor, told the Wall Street Journal "there's absolutely no way you could make the screen, get the same memory, camera and battery" in the US. He estimated it would take "at least five years" to build the infrastructure needed for domestic smartphone production. High labour costs, supply chain complexity and reliance on overseas component sourcing are also key pain points. In fact, the US only has one company that makes smartphones domestically, California-based Purism which makes Liberty phones that retail for $US1,999. The Trump family hasn't disclosed which company would manufacture the phone, or which suppliers will provide the components. Even the president's son, Eric Trump, suggested that the first delivery of phones in August might not be made in the US. "Eventually, all the phones can be built in America," he claimed on the Benny Show podcast. "If the Trump Phone is promising a $US499 price tag with domestic manufacturing, this announcement looks to be classic vapourware," said Todd Weaver, CEO of Purism, referring to the unlikelihood of a US-manufactured phone being available at that price. Vapourware refers to software or hardware that has been advertised to the public but has not and may never become available. Currently, only Chinese makers like Xiaomi and Oppo have hardware to match at the $US499 price point. Speaking to Fox Business, Eric Trump said call centres supporting the phone service would also be based in the US. "You're not calling up call centres in Bangladesh. "You're doing it right out of St Louis, Missouri." In April, Mr Trump told reporters on Air Force One he would be announcing tariff rates for imported semiconductors. One of the main aims of these tariffs was to encourage firms to manufacture more products in the US. "We want to make our chips and semiconductors and other things in our country," Mr Trump said. According to the Semiconductor Industry Association (SIA), the US is projected to more than triple its semiconductor manufacturing capacity in the decade following the CHIPS and Science Act. But a shortage of skilled workers may present a challenge to reinforcing chip supply chains on US shores. The SIA says there would be a shortfall of 67,000 technicians, computer scientists, and engineers in the semiconductor industry by 2030, and a gap of 1.4 million such workers throughout the broader US economy. When Mr Trump announced the tariffs, experts also investigated what it would take to make an iPhone in the US. Dan Ives, an analyst at US financial firm Wedbush Securities, said the US would need years and $US30 billion to establish factories needed to match China's output. At the time, Mr Ives said the concept of making iPhones in the US is a "non-starter" if Apple were to begin assembling iPhones in the US, a Chinese or Indian-made device that previously sold for $US1,000 would cost more than $US3,000. Currently, the US, UK, Europe and China rely heavily on Taiwan for semiconductors. The country's Taiwan Semiconductor Manufacturing Company provides over half the world's supply. The Trump Organization's latest venture has raised ethical concerns and conflicts of interest for mobile carriers who would be contracted to the president. The mobile service is partnering with existing cellular carriers with access to a 5G network, raising questions about how they will be treated by federal regulators now that they have partnered with his company. The Trump Organization said those companies are America's three biggest mobile network providers, an apparent reference to Verizon, AT&T and T-Mobile, the latter with a trademarked name that is very similar to Trump's T1 Mobile. The Federal Communications Commission, the primary regulatory body overseeing mobile phone companies, has already launched investigations of media outlets Mr Trump dislikes and, in some cases, is personally suing. The phone deal comes as a mandatory financial disclosure report provided a glimpse into the vast business holdings of the billionaire president. Mr Trump reported making more than $US600 million last year, including millions from items such as Trump-branded bibles, watches, sneakers and fragrances. Forbes estimated in March that his net worth was $US5.1 billion, more than double that a year earlier. It said the surge was due in part to the president's social media company, which runs the Truth Social platform.

Iron ore extends drop towards $US90/t as Citi cuts outlook
Iron ore extends drop towards $US90/t as Citi cuts outlook

West Australian

time43 minutes ago

  • West Australian

Iron ore extends drop towards $US90/t as Citi cuts outlook

Iron ore headed for the lowest close since September on a seasonal slowdown in demand and signs Chinese mills are curbing steel output. Futures fell for a fourth day in Singapore, sinking below $US93 a tonne. The rainy season in southern China, as well as high temperatures in the north, have persisted, slowing construction, Shanghai Metals Market said in a note. On Monday, figures from China — the top iron ore importer — showed nationwide steel output in May was below April's total on a daily basis, and almost 7 per cent less than a year ago. It was the weakest showing for the month since 2018. The steel-making staple has been under pressure in recent weeks as traders eye a slower pace of construction into the summer, as well as a push by authorities in China to curb steel output to combat a glut. Futures are coming off the back of a four-week losing run that was the longest since January. 'Steel demand in China is likely to remain weak over the coming months over the upcoming seasonal lull,' Citigroup said in a note, cutting iron ore forecasts. China's property market weakness is showing no signs of a turnaround, and manufacturing faces increased trade headwinds, they said. The bank's prompt-to-three month price forecast was reduced to $US90/t from $US100, while the six-to-12 month target was scaled back to $US85 from $US90. On the supply side, miners in Brazil — the largest shipper after Australia — have been ramping up flows. Exports totalled 35.077 million tons in May, narrowly setting a record for that month. Iron ore futures fell as much as 1.2 per cent to $US92.90/t in Singapore, before trading at $US93 at 11.44am. Steel futures in China also declined. Copper and other industrial metals were lower as investors monitored the Israel-Iran conflict and appetite for risk assets. US President Donald Trump called for the evacuation of Tehran, in comments that contrasted with earlier optimism the situation wouldn't escalate into a wider conflict. Bloomberg

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