July 8, 2026

Telstra shares hit February low following network outage

The Australian sharemarket opened sharply lower as renewed hostilities in the Middle East rattled investors, before recovering most of its losses by the close. Energy stocks surged on a jump in oil prices, while Telstra slid after a network outage sent its shares to their lowest level since February. SBS Finance Editor Ricardo Gonçalves speaks…

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Airspace Alert: EU Agency Issues Caution Over Middle Eastern Skies

Airspace Alert: EU Agency Issues Caution Over Middle Eastern Skies

The European Union Aviation Safety Agency has advised airlines to avoid Iranian, Iraqi, and Lebanese airspace amid rising tensions and potential military actions following recent U.S.-Iran exchanges. This advisory replaces a previous one that included other Middle Eastern countries, highlighting the fragile U.S.-Iran ceasefire.

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