FEAR & GREED | Business News Iran ties severed over attacks; AusPost suspends US parcels; Federer a billionaire
Aug 26, 2025
Canberra cuts diplomatic ties with Iran after attacks on its soil, raising major security concerns. Australia Post halts parcel shipments to the US, impacting logistics. Coles sees a surge in profits thanks to a crackdown on shoplifting. Qantas faces backlash over its controversial grooming policy for pilots. And in sports news, Roger Federer joins the billionaire ranks with a net worth of $1.1 billion, sparking discussions about financial disparities among athletes.
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Diplomatic Break With Iran
- Australia severed diplomatic ties with Iran after ASIO linked Iran to organised attacks on Australian soil.
- The government will expel diplomats and consider listing the IRGC as a terrorist organisation to protect the Jewish community and national security.
Australia Post Halts US Parcels
- Australia Post paused most parcel shipments to the US ahead of new low-value import tariffs from the Trump administration.
- Carriers must implement duty-collection systems and some small businesses are already halting US sales to avoid surprise fees.
AUKUS Pressure And Defence Talks
- High-level defence talks with the US are looming amid AUKUS implementation debates and calls for clearer commitments on submarine deployment.
- The US is pushing for streamlined Pillar 2 focus and higher Australian defence spending, which Canberra resists.