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The levy will apply to funding sources such as corporate bonds and large deposits and will only affect banks with debts above $100 billion - effectively limiting it to big players the Commonwealth Bank, Westpac, NAB, ANZ and Macquarie. Mr Morrison warned the banks not to put up fees to cope with this new tax during an address at the National Press Club in Canberra on Wednesday. On budget night, the government downplayed the company tax cut, which rated only a glancing, one-line reference ...
  • Apple TV could finally get this long-absent app at WWDC

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    Apple plans to announce Amazon Prime video's impending arrive to the Apple TV App Store during the keynote at its annual Worldwide Developers Conference (WWDC) on June 5 in San Jose, CA. While the Apple TV has always been home to streaming video services like YouTube, Netflix and Hulu, one company has been jarringly absent: Amazon.
  • President Trump's approval rating has dropped to a near-record low

    President Trump's approval rating has dropped to a near-record low

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    A Morning Consult/Politico survey released Wednesday found the president's approval rating dipped four percentage points, to 44 percent, after the passage of the bill, which just 38 percent of respondents supported. It also found that 57 percent of respondents said that they trust the media more than Trump to "tell the truth about important issues". The fact that even his base doesn't believe him anymore gives congressional Republicans little motive to shield Mr.
  • Trump to meet with Turkey's Erdogan

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    The meeting will take place at the White House. Kurdish fighters have faced opposition from the Turkish government because they have been aligned with an extension of the Kurdish Worker's Party called People's Protection Units, which has been labeled as a terrorist group by the North Atlantic Treaty Organisation ally, Turkey.
  • South Korea's Moon takes presidency of divided country amid North Korea tensions

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    Moon had a 40-minute conversation with Chinese leader Xi Jinping, his spokesman Yoon Young-Chan told reporters, with the two agreeing denuclearising Pyongyang was a "common goal" between them. At the same time, South Korea is embroiled in disputes with China over a United States missile defence system, and Japan over wartime history. Moon came to power with a promise to review the deployment of the Terminal High Altitude Area Defense (THAAD) anti-missile system, which is opposed by China ...
  • Macron's victory brings cheer across seas

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    What he said: "The growth in threats of terrorism and militant extremism is accompanied by an escalation of local conflicts and the destabilisation of whole regions. Macron's win is the third European nail-biter in which populist parties failed to win top positions. Macron ended up winning by about 66 percent to roughly 33 percent.
  • Thousands demonstrate against new French president Macron

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    This could give the National Front a significant increase on the two seats the party now holds. But the election was not an endorsement of the status quo, a fact made evident in the first round of voting when the candidates put forward by the long-standing powers of French politics, the Republicans and the Socialists, failed to make the runoff.
  • Israel scraps prison visit for isolated hunger strike leader

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    The announcement came during a general strike in the West Bank in solidarity with the 25th day of a hunger strike by Palestinian prisoners held in Israeli jails. The ICRC had previously been allowed access to other prisoners on hunger strike, but Israel had restricted access to Barghouti. It calls upon all our people to take part in the activities in all Palestinian cities.
  • News from Day 1 of the Microsoft Build Developer Conference

    News from Day 1 of the Microsoft Build Developer Conference

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    In another concession to the popularity of Apple's products, iTunes software will be added to the Windows Store - an announcement that evoked some of the loudest cheers in Thursday's crowd. The advantages here for users are pretty obvious, though for developers, this also means that they'll be able to re-engage their users more effectively as they move between devices.
  • State police: 3 dead, including deputy, in rural Arkansas

    State police: 3 dead, including deputy, in rural Arkansas

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    Bowden had been barricaded inside a residence on a rural road in Yell County with a woman who may have been a hostage, Arkansas Police spokesman Bill Sadler told a news conference. Mainhart was a law enforcement officer in Yell County for five years after having been a police officer in West Memphis, Arkansas, for more than 20 years.