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Israeli soldiers work on armored military vehicles at a staging ground near the Israeli-Gaza border.

Biden to halt weapons shipments if Israel attacks Rafah

The US president’s ultimatum is aimed at trying to deter Israel’s planned operation in Gaza.

  • Zeke Miller and Aamer Madhani
Stanley Druckenmiller said the Biden administration was in danger of crowding out innovation.

Biden fights back after Druckenmiller’s reckless spending lambast

Campaigning in a key state, Joe Biden defended his government’s massive government industry subsidies from critics including the billionaire investor.

  • Matthew Cranston

Trump tax cut extension cost swells to $7 trillion, CBO warns

New estimates from Congress’ fiscal scorekeeper make clear the cost of extending the 2017 tax cuts enacted under president Donald Trump.

  • Erik Wasson

Most FTX customers to get all their money back after catastrophic collapse

The collapsed cryptocurrency exchange says it will be able to pay off most of its investors - but the soaring price of bitcoin means they still lose.

  • Michelle Chapman

Reddit’s bright first earnings report sends shares soaring

Its IPO was one of the biggest in the US this year – and its first earnings report shows that revenue increased 48 per cent.

  • Aisha Counts

US reveals weapons shipment to Israel halted

The United States withheld 3500 bombs last week out of concern that they might be used in a major assault against the southern Gaza city, officials said.

  • Peter Baker

Opinion & Analysis

China’s flood of cheap exports is about to get worse

EU’s leaders were this week the latest to scold China about overcapacity, but there are no quick fixes to its factory glut.

Karthikeyan Sundaram

Contributor

Why Gaza is an endless gift for Vladimir Putin

Israel’s war on Hamas is a serious drain for Joe Biden as he heads towards the US presidential election.

Edward Luce

Columnist

Edward Luce

Can the ICC actually arrest Benjamin Netanyahu?

The International Criminal Court is entitled to judge Israeli and Hamas officials, writes one of its former presidents.

Chile Eboe-Osuji

Contributor

Why Australia could benefit from engaging with China on clean energy

A new report provides the framework for a forward-looking Australia-China relationship, identifying vast potential for economic co-operation.

James Curran

International editor

James Curran

From the Financial Times

Russian President Vladimir Putin

Why Gaza is an endless gift for Vladimir Putin

Israel’s war on Hamas is a serious drain for Joe Biden as he heads towards the US presidential election.

  • Edward Luce

TikTok sues over US ban in battle for survival

The lawsuit from the social media platform and its parent company, ByteDance, claims US legislation banning the app would breach free speech rights.

  • Hannah Murphy

Benjamin Netanyahu’s dilemma: save the hostages or his government

In one of the biggest gambles of his career, Israel’s premier sent troops into Rafah to raise pressure on Hamas – and buy time.

  • Neri Zilber, Mehul Srivastava and Andrew England
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More From Today

Workers make vapes in a factory in Shenzhen in China.

China’s flood of cheap exports is about to get worse

EU’s leaders were this week the latest to scold China about overcapacity, but there are no quick fixes to its factory glut.

  • 54 mins ago
  • Karthikeyan Sundaram
Russian President Vladimir Putin

Why Gaza is an endless gift for Vladimir Putin

Israel’s war on Hamas is a serious drain for Joe Biden as he heads towards the US presidential election.

  • Edward Luce
Benjamin Netanyahu at a ceremony marking Holocaust Remembrance Day at Yad Vashem, the World Holocaust Remembrance Centre, in Jerusalem on Monday.

Can the ICC actually arrest Benjamin Netanyahu?

The International Criminal Court is entitled to judge Israeli and Hamas officials, writes one of its former presidents.

  • Chile Eboe-Osuji

Yesterday

NA

Why Australia could benefit from engaging with China on clean energy

A new report provides the framework for a forward-looking Australia-China relationship, identifying vast potential for economic co-operation.

  • James Curran
A TikTok content creator protests outside the US Capitol in Washington.

TikTok sues over US ban in battle for survival

The lawsuit from the social media platform and its parent company, ByteDance, claims US legislation banning the app would breach free speech rights.

  • Hannah Murphy
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Stormy Daniels exits the courthouse in New York, Tuesday (Wednesday AEST) after taking the stand  and testifying about her alleged sexual encounter with Trump in 2006.

Stormy Daniels’ graphic testimony of alleged Trump sexual encounter

The remarkable testimony is the latest example of how Donald’s Trump’s dealings with women are coming back to haunt him in court.

  • Updated
  • Erik Larson, Patricia Hurtado and David Voreacos
Benjamin Netanyahu this week took a characteristic path: he bought time.

Benjamin Netanyahu’s dilemma: save the hostages or his government

In one of the biggest gambles of his career, Israel’s premier sent troops into Rafah to raise pressure on Hamas – and buy time.

  • Neri Zilber, Mehul Srivastava and Andrew England
Jeremy Clarkson on his farm, Diddly Squat, in West Oxfordshire.

Jeremy Clarkson, patron saint of the Great British bore

In barely a decade he has gone from disgraced Top Gear presenter to beloved guardian of the British countryside, due to the success of Clarkson’s Farm.

  • The Economist

Garrick Club of London votes to accept female members for first time

The vote – a margin of roughly 60 per cent to 40 per cent – will open membership to women for the first time since the club’s founding in 1831.

  • Mark Landler
Incursion: An Israeli soldier walks near an armoured personnel carrier near the border with the southern Gaza Strip.

White House piles ceasefire pressure on Netanyahu as tanks roll into Rafah

White House national security spokesman John Kirby urged negotiators to come to an agreement after Israel launched a “limited” assault on Rafah, in the south of Gaza.

  • Nataliya Vasilyeva, Tony Diver and Abbie Cheeseman

This Month

Stormy Daniels in 2022.

Stormy Daniels expected to appear at Trump’s trial

The adult-film actress’ testimony is by far the most-awaited spectacle in Donald Trump’s hush money trial.

  • Jennifer Peltz, Jake Offenhartz, Michael R. Sisak and Eric Tucker
The United Nations General Assembly may vote on Palestinian membership this week.

Palestinians seek UN General Assembly backing for full membership

It would effectively act as a global survey of how much support the Palestinians have for their bid, which was vetoed in the UN Security Council last month by the US.

  • Michelle Nichols
A soldier directs Israeli tanks near a border crossing to the southern Gaza Strip, Israel, on Sunday.

Israel takes control of Rafah border crossing

The Israeli 401st Brigade entered the Rafah crossing early on Tuesday local time, the Israeli military said, taking “operational control” of the vital pass.

  • Updated
  • Mohammad Salem and Nidal al-Mughrabi
Xi Jinping and Emmanuel Macron at a Franco-Chinese Business Council dinner.

Xi urges Macron to help avoid a ‘new cold war’

The Chinese leader told his French counterpart that the two nations should uphold mutual benefits, and jointly oppose decoupling and the disruption of supply chains.

  • William Horobin, Samy Adghirni and Li Liu
Anthony Pratt at the 2024 Met Gala the Metropolitan Museum of Art in New York.

Billionaire Pratt leads Aussie charge at garden-themed Met Gala

A high-profile annual event, the Met Gala is a benefit for the New York museum and marks the opening of its Costume Institute’s annual fashion exhibit.

  • Ben Kellerman
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Houses in Zhouzhuang old town. Home buyers are no longer focused on new builds.

Why the Chinese are warming to ‘second-hand’ homes

With tens of thousands of new developments yet to be completed, house hunters are looking again at older buildings. End buyers don’t trust developers any more.

  • Thomas Hale, Wang Xueqiao, Andy Lin and Chan Ho-him
The Metropolitan Museum of Art’s Costume Institute benefit gala, otherwise known as the Met Gala.

Zendaya, Jennifer Lopez in full bloom at Met Gala

The annual charity event for New York’s Metropolitan Museum of Art, otherwise known as Anna Wintour’s Met Gala, is getting underway, drawing fashion’s A-listers.

  • Updated
  • Leanne Italie
For the big four, one of the big issues of 2022 was finding and keeping staff.

Why can’t top auditors find fraud?

US regulators have put forward a series of proposals to clarify and extend responsibilities to spot wrongdoing.

  • Stephen Foley
Indian Prime Minister Narendra Modi’s BJP won power in 2014. A sizeable share of India’s electorate has come to see him as a national saviour.

India is starting to look like a Central Asian dictatorship

As the country holds its national election, Narendra Modi’s government is undermining democratic institutions and building a cult of personality around the PM.

  • Debasish Roy Chowdhury
Smoke rises following an Israeli airstrike east of Rafah

What’s in the ceasefire deal Hamas backs, but Israel does not?

The deal supported by Hamas would have seen three hostages released each week instead of three every three days, according to Israeli media reports.

  • Reuters