Bailey says BoE must ‘take seriously’ risk to growth from Trump tariffs

More than 100 Australians were evacuated from Israel on an Australian Defence Force flight amid escalating conflict with Iran, following airspace closures that left many foreign nationals stranded. The recent ceasefire, brokered by the US, allowed for the evacuation, while concerns remain among the Iranian community in Australia regarding potential repercussions of the conflict. Explain It To Me Like I'm 5: Australian Evacuation from Israel More than 100 Australians and their families were safely flown...

Oil prices surged to a five-month high after a US strike on Iran's nuclear facilities, but fell over 5.6% when Iran refrained from further attacks, including closing the Strait of Hormuz, a vital trade route. While a closure could spike prices significantly, analysts noted that Iran's current restraint suggests economic retaliation isn't imminent, easing immediate market concerns. Explain It To Me Like I'm 5: Oil prices went up after the US attacked Iran, but then...

Carlos Owens, 35, was arrested in Bristol, Connecticut, after getting stuck in a chimney while attempting to rescue his dog trapped in a bathroom. Firefighters had to remove parts of the chimney, causing $5,000 to $10,000 in damages; Owens faces charges including third-degree burglary and was released on a $50,000 bond. Explain It To Me Like I'm 5: A man named Carlos Owens got stuck in a chimney while trying to save his dog that...

The Canada Border Services Agency (CBSA) seized 187 kg of suspected cocaine, valued at $23.3 million, on June 12, 2025, at the Blue Water Bridge in Point Edward, Ontario. A commercial truck from the U.S. was inspected, leading to the arrest of Karamveer Singh, 27, who faces charges related to cocaine importation and trafficking; this marks the fourth significant cocaine seizure at the bridge this year. Explain It To Me Like I'm 5: On June...

President Trump stated that China can continue importing oil from Iran following U.S. airstrikes on Iranian nuclear facilities, while expressing hope that China would also increase oil purchases from the U.S. This commentary follows a ceasefire agreement between Iran and Israel, with Trump emphasizing his administration's intent to re-impose sanctions and exert pressure on Iran's nuclear activities. Explain It To Me Like I'm 5: Trump allows China to buy oil from Iran President Trump said...

Daniel Park, a 32-year-old suspect charged in connection with a bombing outside a Palm Springs fertility clinic, died in federal custody at the Metropolitan Detention Center in Los Angeles. He had been indicted for his role in the incident, which involved shipping explosives to the bomber, Guy Bartkus, who died in the explosion on May 17. Explain It To Me Like I'm 5: A man named Daniel Park, who was in trouble for a big...