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Australian black market tobacco sparks firebombings, budget hole
Australian black market tobacco sparks firebombings, budget hole
Economy
by  AFP

Sky-high tobacco prices in Australia have created a lucrative black market, analysts say, sparking a violent "tobacco war" and syphoning away billions in potential tax revenue. In March, the government cut its budget forecast for tobacco tax revenue in the period to 2029 by Aus$6.9 billion.

Protesters denounce Musk at Tesla dealerships in US, Europe
Protesters denounce Musk at Tesla dealerships in US, Europe
Economy
by  AFP

Demonstrators descended on Tesla dealerships across the United States and Europe on Saturday to protest company chief Elon Musk, who has amassed extraordinary power as a top advisor to US President Donald Trump. Hundreds rallied Saturday outside the Tesla dealership in New York's Manhattan.