Global stocks recouped Iran conflict losses — but the shadow of Mideast war still looms 

Global stocks have clawed back losses triggered by the Iran conflict, with major indexes now trading at or above pre-war levels, as investors rapidly unwind geopolitical risk hedges and refocus on the artificial intelligence boom, said market watchers. The MSCI World Index, which measures the performance of over 1,000 large and mid-cap equities from developed…

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At least 160,000 people to be removed from NDIS as Labor unveils ‘unavoidable and urgent’ cuts | National disability insurance scheme

At least 160,000 people are expected to be removed from the National Disability Insurance Scheme by 2030, as the Albanese government looks to claw back savings by changing who can access the scheme. The health minister, Mark Butler, also announced on Wednesday the $50bn scheme’s growth rate will be brought down to just 2% every…

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‘Significant failures’ led two NSW foster children to be placed with serial killer, review finds | Australia news

Two staff members in the New South Wales Department of Communities and Justice have been suspended following a review into why two foster children went to live with a convicted triple killer. The review, which was made public on Wednesday, found “significant failures” by the department led to foster children aged 12 and 14 living…

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