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Australia ’s Prime Minister Anthony Albanese has secured a second term in office in a disastrous night for his conservative rivals, as voters chose stability over change against a backdrop of global turmoil inflicted by US President Donald Trump. Australia’s return of a left-leaning government follows Canada’s similar sharp swing towards Mark Carney’s Liberal Party, another governing party whose fortunes were transformed by Trump. The loss of Liberal Party leader Peter Dutton’s seat mirrors that of Conservative Party leader Pierre Poilievre. While Australia wasn’t facing the same threats to its sovereignty as Canada, Trump’s global tariffs and policy swings have undermined Australians’ trust in the US, according to recent surveys. Albanese’s victory makes him the first Australian Prime Minister to win re-election for two decades and he will start his second term with at least 87 seats in the 150-seat lower house, according to the most recent estimates. A clearly emotional Albanese took...

 For anyone wondering whether buying a new iPhone is about to become more expensive, the answer has finally been revealed. Over the past few months, many experts have speculated that President Donald Trump ’s tariffs, primarily those levied against China, will have significant consequences for the U.S. economy. Meanwhile, consumers have anxiously waited to learn just how much the prices of goods will increase. Through it all, one company that has been in full focus is Apple  (AAPL) , as people wonder if the prices of iPhones and MacBooks will rise. While there’s been little doubt that the cost of Apple’s products will increase, the amount has remained a mystery. Recently, Apple CEO Tim Cook provided some context on what the tariffs will mean for his company. However, he did not answer the question that’s likely been on many people’s minds for months. Apple braces for impact as tariff-imposed costs loom Last week, Apple reported earnings for Q2 2025, coming in above estimates ...