News

Labor wins federal election and extends majority

Labor wins landslide victory; Albanese extends majority, while Dutton loses seat, marking Coalition’s record low performance.

Published

10 months ago

May 3, 2025

Ahron Young

Labor wins landslide victory; Albanese extends majority, while Dutton loses seat, marking Coalition’s record low performance.

In Short

Labor’s strong election victory allows Prime Minister Anthony Albanese to expand his majority, while Opposition Leader Peter Dutton suffered a significant defeat, losing his seat.

The results indicate a clear rejection of the Coalition, with Labor gaining ground on cost-of-living issues, despite the Greens and independents maintaining a presence.

Labor’s strong election victory will enable Prime Minister Anthony Albanese to expand his majority in the House of Representatives.

Opposition Leader Peter Dutton faced the biggest loss, not only losing the election but also his own seat.

Counting will continue in the coming days, with both the Greens and certain Liberals awaiting results to see if they retain their positions.

Voters have decisively backed Labor, defying early predictions and rejecting the Coalition. The ABC predicts that Labor will increase its seats under Albanese, who expressed confidence and determination in his victory speech.

Dutton’s defeat to Labor’s Ali France marked a significant setback for the Coalition, which saw its primary vote decrease to record lows.

Labor, focused on cost-of-living issues, not only held but also gained seats, particularly in the mortgage belt and outer metropolitan suburbs.Nationally, Labor’s primary vote rose, while minor parties and independents reached historic heights.

Vital presence

The Greens are currently facing uncertainty in three seats but will remain a vital presence in the Senate.

The Coalition called for calm as results arrived but by evening, analysts indicated a clear path to victory for Labor.

Dutton acknowledged responsibility for the Coalition’s poor performance during the campaign.

Labor began with 78 seats, and the Coalition is set to drop even lower.

Albanese’s win makes him the first leader since John Howard to secure two consecutive election victories.

Victories in Queensland and Tasmania demonstrated Labor’s strong performance, especially in areas previously dominated by Liberals.

Independents generally maintained their positions despite the overall shift towards Labor.

Money

AI fears rattle global markets and investors

AI developments cause market volatility, with European software and US tech firms facing significant declines amid rising uncertainty.

Published

5 hours ago

February 16, 2026

Harvey Vargas

AI developments cause market volatility, with European software and US tech firms facing significant declines amid rising uncertainty.

Global stock markets are experiencing heightened volatility as concerns about AI disruption sweep across industries. Investors are closely monitoring which sectors could be most affected as the technology continues to evolve.

Recent announcements from major US AI companies sent waves through international markets, highlighting the interconnected nature of global finance and technology. European software giants such as Dassault Systèmes and RELX saw significant declines, underscoring the global reach of AI developments.

UBS analysts warn that the impact of AI disruption could intensify in 2026 and 2027, with potential ramifications for a wide range of sectors.

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News

One Nation matches coalition as Liberal backing slides

One Nation’s support hits 23%, equaling Coalition; Labor leads at 32% as Liberals reach record low.

Published

5 hours ago

February 16, 2026

Harvey Vargas

One Nation’s support hits 23%, equaling Coalition; Labor leads at 32% as Liberals reach record low.

One Nation has surged to match the Coalition under Angus Taylor, each claiming 23 per cent of primary vote support. This is the first time the party has tied with the Liberals, signalling a major shift in voter sentiment.

The Coalition’s backing has dropped from 28 per cent in January to a record low, while Labor gains ground with 32 per cent of the vote. Analysts say this could reshape the political landscape ahead of the next election.

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News

Iran and U.S. restart nuclear negotiations with diplomacy in focus

Iran-US nuclear talks restart; diplomacy favored amidst economic interests and potential energy deals, mediated by Oman, amid high stakes.

Published

6 hours ago

February 16, 2026

Harvey Vargas

Iran-US nuclear talks restart; diplomacy favored amidst economic interests and potential energy deals, mediated by Oman, amid high stakes.

Iran is pursuing a new nuclear agreement with the United States aimed at delivering economic benefits to both sides, as negotiations restart over its long-running nuclear programme. With tensions simmering for years, both nations are signalling a desire to avoid military confrontation and stabilise the region.

U.S. Secretary of State Marco Rubio says President Donald Trump prefers a diplomatic path forward, while Iran has indicated it is open to compromise in exchange for sanctions relief. The renewed talks mark a significant moment in efforts to de-escalate one of the world’s most volatile geopolitical flashpoints.

Oman is mediating the discussions, which are focused exclusively on Iran and the United States, even as Washington increases economic pressure and Tehran promotes potential deals in energy and mining to sweeten the negotiations.

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