Australia news live: OECD economists slash growth estimates for Australian economy and warn trade wars may push prices up | Australia news

Key events Show key events only Please turn on JavaScript to use this feature Patrick Commins The Paris-based OECD – a 38-member grouping of rich countries, including Australia – on Monday evening issued a more downbeat assessment of the global economy, laying the blame on Trump’s tariffs. The OECD’s economists slashed their estimates for Australian … Read more

‘It’s a history lesson’: fossil fish up to 16m years old found perfectly preserved in central NSW | Fossils

Fossil fish so exquisitely preserved that scientists have been able to reconstruct their final days from up to 16m years ago have been discovered in central New South Wales. Several fossils of small freshwater fish, embedded in an iron-rich mineral called goethite at the McGraths Flat fossil site, have retained microscopic structural features including their … Read more

Farage reprises his favourite moans at his latest not-so-special announcement | John Crace

It’s getting to be quite a habit. Reform send out an invitation to attend a press conference with the promise of a “special announcement”. The media attend with high expectations only to be rewarded with a crushing sense of anticlimax. One special announcement turned out to be a 30-minute whinge from Nigel Farage about some … Read more

Red Cross had to take £220,000 from disaster fund to clothe asylum seekers in UK | UK news

The British Red Cross had to use hundreds of thousands of pounds from its funds earmarked for disasters to provide basic clothing for asylum seekers in the UK in what it described as an unprecedented intervention. The charity is the largest UK provider of services to refugees, asylum seekers and other vulnerable migrants. It said … Read more

EU’s foreign policy chief laments US funding cuts to Radio Free Europe | European Union

The EU’s foreign policy chief, Kaja Kallas, expressed disappointment over US funding cuts to Radio Free Europe and said the EU could not automatically fill the gap. The US Agency for Global Media stopped grants over the weekend to Radio Free Europe/Radio Liberty (RFE/RL), which was founded during the cold war and broadcasts to 23 … Read more

Trump cuts to have ‘chilling effect’ on climate science and ‘degrade’ Australia’s ability to forecast weather | Climate science

Staff cuts and a freeze on international collaborations at a leading US science agency will have a “chilling effect” on climate science and may “severely degrade” Australia’s ability to accurately forecast the weather, scientists have warned. The Trump administration fired 880 workers at the US National Oceanic and Atmospheric Administration (Noaa) on 27 February, and … Read more

Rachel Reeves is causing confusion on competition policy. What does she want? | Nils Pratley

Another day, another trip to Downing Street for the nation’s regulatory chiefs as the chancellor attempts (again) to “kickstart” growth and chop back red tape. A novelty this time was the suggestion that the Competition and Markets Authority would be told to restrict the number, or at least the type, of deals it investigates. There … Read more