Ukraine demands seat at planned Trump-Putin war summit
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West Australian
an hour ago
- West Australian
Live updates: All the latest news from ASX reporting season
And we're off ... the first big week of reporting season! The Aussie economy may be ticking along to the gentle hum of a finely-tuned engine but not everyone is basking in the warm glow of healthy balance sheet. The next two weeks will highlight the good, the bad and down-right ugly of corporate Australia. Grab the popcorn and stay tuned as we bring you all the news you need to know. The first bigwig up today is JB Hi-Fi. Oil major Santos has pushed out a period of exclusive talks with its takeover suitor until later this month. The Adelaide-based company received the bid - priced at $US5.761 ($8.892) a share - in June from the XRG consortium, led by a subsidiary of Abu Dhabi National Oil Company and Carlyle. The proposal values Santos at about $36.4 billion. Santos said XRG had now substantially completed its due diligence under the exclusivity deal. 'The XRG consortium has confirmed it has not discovered anything to date that would cause the XRG consortium to withdraw its indicative proposal and has confirmed its commitment to working constructively with Santos to complete the due diligence promptly and agree on a binding transaction,' Santos told the ASX in an update this morning. 'To complete due diligence and progress a binding transaction, the XRG consortium has requested a two-week extension to the due diligence and exclusivity period under the process deed. 'Santos notes that there is no certainty that the XRG consortium will enter into a binding scheme implementation agreement on terms acceptable to Santos or that the potential transaction will proceed.' The talks wil run until August 22. US stocks ended higher and the Nasdaq notched a record closing high for the second straight day on Friday as technology-related shares, including Apple, gained and as investors were optimistic about potential interest rate cuts. The three major indexes also registered solid gains for the week. Recent weaker economic data has underpinned expectations for rate cuts, while investors are evaluating Trump's interim pick for a Federal Reserve governor. The president late in Thursday's session nominated Council of Economic Advisers Chair Stephen Miran to a short-term board seat following Adriana Kugler's abrupt exit last week, as he narrowed his shortlist to succeed Fed Chair Jerome Powell, whose term ends on May 15. Read the full market report here .
Sky News AU
an hour ago
- Sky News AU
Donald Trump vows to push homeless people out of Washington DC, jail criminals: ‘We want our Capital back'
President Trump promised Sunday to crack down hard on Washington, DC's plights, forcing the homeless out of the nation's capital and quickly jailing criminals who roam the streets 'I'm going to make our Capital safer and more beautiful than it ever was before,' Trump vowed on Truth Social, saying: 'We want our Capital BACK.' 'The Homeless have to move out, IMMEDIATELY. We will give you places to stay, but FAR from the Capital.' 'The Criminals, you don't have to move out. We're going to put you in jail where you belong. It's all going to happen very fast, just like the Border,' he added. 'This will be easier — Be prepared! There will be no 'MR. NICE GUY.'' Trump teased more specifics to come in a news conference Monday. The president recently erupted with rage at the spate of crime roiling Washington, DC, after former Department of Government Efficiency (DOGE) staffer Edward Coristine, also known as 'Big Balls,' was bludgeoned around 3 a.m. last Sunday. Coristine, 19, who has since moved to the Social Security Administration, was assaulted by about 10 juveniles after attempting to intervene in an apparent carjacking, according to a police report. At least two of his alleged attackers were later arrested, and there is a $10,000 award for information that leads to the apprehension of the others. Trump shared a picture of Coristine bloodied from the attack near DuPont Circle, roughly a mile away from the White House. Last Thursday, the president announced plans to deploy federal law enforcement across DC to tamp down on crime. Unlike other cities in the US, DC is governed by the 1973 Home Rule Act, which delegates certain powers to its mayor and the Council of the District of Columbia. Congress has to review any laws the council passed and can overrule them, though it rarely does. Some Republicans have floated a federal takeover of DC to address crime within the city. DC Mayor Muriel Bowser (D), who is a staunch advocate of autonomy for the nation's capital, said the city will work cooperatively with federal law enforcement. 'I suspect that his announcement is that he is surging federal law enforcement and he may talk about even larger numbers or longer periods of time,' she told MSNBC's 'The Weekend.' 'He's interested in being in neighborhoods, fighting crime in neighborhoods.' 'We are not experiencing a crime spike.' Despite her differences with Trump, Bowser has sought to refrain from alienating him. She met with Trump at Mar-a-Lago last year and privately expressed that she shares his goal of making DC safer and cleaner. Violent crime in DC is down 26% from last year, homicides are down 12%, and overall crime is down 7%, according to data from the DC Metropolitan Police Department. Violent crime in 2024 had fallen 35% from 2023. Still, DC has one of the highest homicide rates in the country, notching fourth place in 2023, according to USA Facts. 'It is our capital city. It is more violent than Baghdad. It is more violent than parts of Ethiopia, than parts of many of the most dangerous places in the world,' Stephen Miller, White House deputy chief of staff for policy, told reporters last week. The data on how DC stacks up against Baghdad is a bit murky. Originally published as Donald Trump vows to push homeless people out of Washington DC, jail criminals: 'We want our Capital back'
Sydney Morning Herald
an hour ago
- Sydney Morning Herald
Europe on edge after Trump envoy's ‘translation blunder' amid high-stakes peace talks
Bild reported that Witkoff thought Russia was proposing its 'peaceful withdrawal' from Kherson and Zaporizhzhia when he was instead demanding the withdrawal of Ukrainian forces from those regions. 'Witkoff doesn't know what he's talking about,' a Ukrainian government official told Bild, adding that the German government shared this view. 'It's not going to make anybody super happy' A White House official told the Associated Press that Trump was open to a trilateral summit with both the Russian and Ukrainian leaders, but was planning the bilateral meeting requested by Putin. The statement from the Nordic-Baltic Eight represented the views of the leaders of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. US Vice President JD Vance said a negotiated settlement between Russia and Ukraine was unlikely to satisfy either side, saying the US was seeking a settlement both countries could accept. 'It's not going to make anybody super happy. Both the Russians and the Ukrainians, probably, at the end of the day, are going to be unhappy with it,' he said on Fox News on Sunday, Washington time. Vance's comments appeared to acknowledge that Zelensky would be part of the discussions in some way, if not directly with Putin in Alaska. 'We're at a point now where we're trying to figure out, frankly, scheduling and things like that, around when these three leaders could sit down and discuss an end to this conflict,' he said. Russian strikes injured at least 12 people in Ukraine's Zaporizhzhia region, the country's Foreign Ministry said on Sunday. Trump has said a potential deal would involve 'some swapping of territories to the betterment of both' countries – signalling an outcome fiercely opposed by Ukraine. EU foreign ministers will meet on Monday to discuss next steps. 'The US has the power to force Russia to negotiate seriously,' EU foreign policy chief Kaja Kallas said on Sunday. 'Any deal between the US and Russia must have Ukraine and the EU included, for it is a matter of Ukraine's and the whole of Europe's security.' NATO Secretary General Mark Rutte told the ABC network in the US that Friday's summit 'will be about testing Putin' on how serious he was about ending the war. Rutte said a deal could not include legal recognition of Russian control over Ukrainian land, although it might include de facto recognition. He compared it to the situation after World War II when Washington accepted that the Baltic States of Latvia, Lithuania and Estonia were de facto controlled by the Soviet Union but did not legally recognise their annexation.
