Asia News – The Eastern Herald

Australian banknotes and budget papers as Labor defends its 2026 capital gains tax overhaul

Labor Defends Capital Gains Tax Overhaul as Coalition Vows to Block It

Australia's Labor government is defending its plan to scrap the 50 per cent capital gains tax discount as the Coalition vows to block the budget's centerpiece tax reform.

May 28, 2026

Business·Economy·News

Trading screens and oil markets react to renewed US-Iran tensions as the ASX 200 falls in May 2026

ASX 200 Tumbles 1.4% as Renewed US-Iran Strikes Gut Gold Miners and Oil Slides Again

The S&P/ASX 200 fell 124.8 points to 8,592.9 on Thursday as fresh US strikes on Iran sank gold miners and dragged oil lower for a second session.

May 28, 2026

Business·Markets·News

Beef on display at a Beijing market as China imposes a 55% tariff on Australian beef imports above quota

Australia Braces for 55% China Beef Tariff as Quota Nears Trigger in Weeks

Australia's red meat industry expects strong US and Southeast Asian demand to cushion the blow as a 55% Chinese beef tariff looms within weeks, once Canberra's 205,000-ton quota is exhausted.

May 28, 2026

Business·Economy·Markets·News

US President Donald Trump speaks during a cabinet meeting at the White House on May 27, 2026, where he rejected a reported Strait of Hormuz deal

US and Iran Trade Fresh Strikes Near Hormuz as Trump Rejects Oman Deal and Threatens to Blow It Up

Iran's IRGC says it struck a base used by US forces after an American strike near Bandar Abbas, as Trump rejected a reported Hormuz deal and threatened to blow up Oman.

May 28, 2026

Conflicts, Military and War·Government and Politics·News

Vladimir Putin and Kassym-Jomart Tokayev during the Russia Kazakhstan state visit in Astana

Russia-Kazakhstan Trade Nears Record $30 Billion as Putin, Tokayev Meet in Astana

Kazakh President Kassym-Jomart Tokayev said trade with Russia is heading toward a record $30 billion as Vladimir Putin opened a rare second state visit to Astana tied to the EAEU summit.

May 28, 2026

Business·Economy·News

Iranian flags and portraits at a ceremony as US strikes and IRGC retaliation push oil prices higher

Oil Jumps 3% as US Strikes and Iran Airbase Retaliation Revive Strait of Hormuz Supply Fears

Brent crude jumped more than 3% to $97.29 a barrel on Thursday after fresh US strikes in Iran and an IRGC claim that it hit a US airbase reignited fears over Strait

May 28, 2026

Business·Economy·Markets·News

US President Donald Trump shakes hands with Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev at the White House trilateral signing ceremony, August 8, 2025

Trump Backs Pashinyan for Re-Election, Armenia Votes Amid Russia’s Energy Ultimatum

Donald Trump has issued his full endorsement for Armenian Prime Minister Nikol Pashinyan ahead of June 7 parliamentary elections, tying the backing to the TRIPP corridor and American energy interests in the

May 28, 2026

Government and Politics·News

Smoke rising near US air base in the Middle East after IRGC missile strike during Operation True Promise 4

IRGC Strikes US Air Bases Across the Middle East, Warns of Harder Retaliation to Come

Iran's Islamic Revolutionary Guard Corps launched Operation True Promise 4, striking US air bases in Kuwait, Bahrain, UAE and Iraq with missiles and drones, and closed the Strait of Hormuz to foreign

May 28, 2026

Conflicts, Military and War·Government and Politics·News

Smoke rises over southern Lebanon following Israeli airstrikes as the IDF declares the area south of the Zahrani River a combat zone

IDF Declares All of Southern Lebanon a Combat Zone, Orders Mass Evacuation North of Zahrani River

Israel's military declared all of southern Lebanon a combat zone on Wednesday and ordered every resident to evacuate north of the Zahrani River, as IDF jets struck more than 550 Hezbollah targets

May 28, 2026

Conflicts, Military and War·News

Iranian parliament national security committee session amid US-Iran nuclear deal negotiations 2026

Iran Will Not Yield on Uranium, Sanctions or Hormuz, Senior Lawmaker Declares

Ebrahim Azizi, chairman of Iran's parliamentary national security committee, declared Tehran will not retreat from its core positions on uranium enrichment, sanctions relief, or the Strait of Hormuz, even as US-Iran peace

May 28, 2026

Conflicts, Military and War·Government and Politics·News

Asia- Page 63

Labor Defends Capital Gains Tax Overhaul as Coalition Vows to Block It

ASX 200 Tumbles 1.4% as Renewed US-Iran Strikes Gut Gold Miners and Oil Slides Again

Australia Braces for 55% China Beef Tariff as Quota Nears Trigger in Weeks

US and Iran Trade Fresh Strikes Near Hormuz as Trump Rejects Oman Deal and Threatens to Blow It Up

Russia-Kazakhstan Trade Nears Record $30 Billion as Putin, Tokayev Meet in Astana

Oil Jumps 3% as US Strikes and Iran Airbase Retaliation Revive Strait of Hormuz Supply Fears

Trump Backs Pashinyan for Re-Election, Armenia Votes Amid Russia’s Energy Ultimatum

IRGC Strikes US Air Bases Across the Middle East, Warns of Harder Retaliation to Come

IDF Declares All of Southern Lebanon a Combat Zone, Orders Mass Evacuation North of Zahrani River

Iran Will Not Yield on Uranium, Sanctions or Hormuz, Senior Lawmaker Declares

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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