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News from the ABC Australia $250 tax break for millions in budget's 'rebalance' of system for workers Labor will raise taxes on investment properties and some trust funds, giving the revenue back to workers with a new $250 tax break unveiled in the federal budget. Why Chalmers reined in the property tax lurks in the budget One of the more striking elements from the now well-entrenched program of pre-budget leaks is the lack of outrage from the population or even the opposition. How CGT changes could push investors to look outside property Investors in stocks will be affected by changes to capital gains tax, but experts say the budget is still likely to see some investment move away from property and into shares. Australia's last baby boomer prime minister becomes King of the Kids Tonight, Anthony Albanese becomes the first serving prime minister in decades to take a hammer to the most sacred shibboleth in Australian domestic politics. Your five-minute guide to this year's cost-of-living budget measures Fresh tax cuts, an instant $1,000 tax reduction and cheaper medicines: here's what the federal government's latest budget means for Australians. Negative gearing cut off for existing homes bought after tonight Tax perks that property investors have used for decades to maximise profits and offset their losses will be restricted from tonight, in one of the most significant changes to the tax system in years. Find out if you're among the budget's winners or losers In the first full budget since Labor's landslide election victory last year, the government is putting some money back in workers' pockets and increasing taxes on investors. So who wins and who misses out? Father allegedly high on 'nangs' in crash that killed daughters, as scuffle erupts outside court A Perth father was allegedly high on 'nangs' during a crash that killed his two daughters, as a scuffle with media erupts at court. The name of this health condition was 'very inaccurate'. Now it's changed Polycystic ovary syndrome (PCOS) has been renamed polyendocrine metabolic ovarian syndrome (PMOS), a move health experts say will lead to faster diagnoses and better treatment for women of all ages. LeBron contemplates potential retirement after NBA playoff exit LeBron James says he has no idea what the future holds after being bounced out of the second round of the NBA playoffs. Duo swindled $6 million from five victims in investment scam, court hears Two men fleeced millions from five victims in a fraudulent property investment scheme, which one victim said had stolen half her superannuation and "ruined" her life. Rankine says he has 'come a long way' since homophobic slur ban After being forced to sit out of last year's finals series thanks to a suspension for a homophobic slur, Izak Rankine is confident he has grown. Property owner says he helped wounded officer after Dezi Freeman shot at police A Porepunkah property owner says he helped a wounded police officer after the fatal shooting when Dezi Freeman killed two Victoria police officers. Pakistan market blast kills at least nine people A blast in a market kills at least nine people as Islamabad blames Kabul for a weekend attack that has left 15 police officers dead. Jacinta Nampijinpa Price leads emotional tributes for Kumanjayi Little Baby Senator Jacinta Nampijinpa Price weeps through an impassioned tribute to her niece, Kumanjayi Little Baby, in federal parliament, amid a push to broaden the focus of an inquiry announced in the wake of her alleged murder. Skipper keen to refloat yacht beached at Byron Bay and avoid $20K fine The clock is ticking for a skipper scrambling to avoid a hefty fine by refloating a yacht beached at Byron Bay. Man charged with son's murder offered to plead guilty to lesser charge, court hears Reinhardt Bosch has been charged with the murder and torture of his son Rhuan in 2022, and offered to plead guilty to the lesser charge of manslaughter, a court has heard. Coroner reopens Jayden Penno-Tompsett inquest after remains found The New South Wales man's remains were found in the Queensland bush last October, years after an inquest determined his death was not suspicious. Lake Cargelligo gunman died 'very shortly after' triple murder NSW Police focused the search for triple murderer Julian Ingram based on sightings by the public, but his body was found between the two major search areas. 'Terrible conversation': Smith opens up on call to sack childhood coach Cameron Smith is leaving no stone unturned in his bid to correct his recent form slump, even if that means parting ways with someone he considers a friend. News from the BBC World Service The potential challengers to Keir Starmer Andy Burnham, Angela Rayner and Wes Streeting are all potential candidates for the top job. Jess Phillips's resignation letter in full The prominent Labour MP has resigned as safeguarding minister over Sir Keir Starmer's leadership. At a glance: Starmer grapples with leadership crisis The prime minister is fighting to stay on in No 10 as heavy election losses trigger a Labour revolt. Watch: Reporters shout questions at ministers leaving No 10 Several ministers were met with a barrage of questions about the PM's future after leaving a cabinet meeting. 'Crisis in Great Britain!' How global media is reporting Starmer's fight for survival Sir Keir Starmer's fight for survival after a dismal set of elections last week is receiving coverage across the globe. BBC unmasks key people smuggler in network behind most small boat crossings The 28-year-old Iraqi Kurd has evaded arrest by operating under the alias “Kardo Ranya”. No sign of larger hantavirus outbreak, says UN health agency The situation could still change and there might be more confirmed cases, warns the head of the World Health Organization. Man shot dead by police in Bedford The man, in his 40s, "presented a weapon" after barricading himself inside a property, police say. Green Party admits Polanski may have failed to pay council tax The Green Party admits that its leader has, until recently, been living on a houseboat in London and may have failed to pay council tax. Bonnie Tyler 'stable' in Portuguese hospital following emergency surgery The Welsh star had undergone emergency intestinal surgery in Portugal last week. TV chef questioned on suspicion of sexual assault A man has been released on bail as enquiries continue. Midwife told us we 'picked a bad day to have a baby' before our daughter died A couple whose baby was stillborn in hospital hope a maternity review will lead to improvements. Why a slice of Edinburgh is being bought up by overseas owners More than a third of the properties in Quartermile area have been bought by people based outside the UK. Russia's shadow fleet ships defying PM's threat and entering UK waters BBC Verify analysis of ship-tracking data suggests "shadow fleet" vessels sailed into UK water despite the government threatening to board them. How the Trump-Xi summit could set superpower relations for many years to come Trump's whirlwind visit to China is the most significant for years - but will it bear fruit? 'Superhuman' managers shouldn't have to ask for help - Family of ex-Liverpool boss on loss The family of former WSL manager Matt Beard tell BBC Sport about the emotional burden of football management, and the changes they want to see. How are countries responding to hantavirus? The UK, US and EU are asking all citizens returning home from the virus-hit MV Hondius to self-isolate for about six weeks. How driving test booking is changing for learner drivers From 12 May, only learner drivers can book their own tests, not instructors. Olympic medallist Archibald retires from cycling after falling 'in love' with nursing Three-time Olympic medallist Katie Archibald retires from cycling - despite being previously chosen for Scotland's 2026 Commonwealth Games team - having "fallen in love" with her new career as a nurse. Barrister in Palestine Action trial wins contempt challenge Rajiv Menon KC says he was performing his duty to fairly and fully represent his client. Warnings :: No Current Warnings
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