Trump, Australia
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Just weeks after Prince Harry smiled his way through another Invictus-heavy visit to Australia with Meghan Markle, the organization at the center of the trip got hit with some rough news. The Australian government has officially pulled future funding from Invictus Australia,
Australia’s government today released its budget for fiscal 2026-2027, putting aside a total of $62.6 billion Australian dollars ($45.2 billion USD) for defense. This represents an increase of 6 percent from last year’s defense budget,
Australia is the highest-ranked country outside of Europe in 2026, landing 14th overall. This puts us ahead of the only other non-European countries in the top 25, including Singapore (16th), Japan (17th), the United States (18th), Canada (19th), South Korea (20th) and New Zealand (21st).
Australia's government expects its ambitious reforms to the way it taxes property investments to take some of the immediate heat out of one of the world's least affordable housing markets.
The government hopes reforms will help young people enter the market, while critics say it will stifle supply.
The US differs greatly from Australia because of its enormous defence spending. The US has the largest military budget in the world, representing about 3.1 per cent of the nation's gross domestic product. This expenditure accounted for roughly 13 per cent of all federal spending in 2025.
Australia will launch its first challenge for the America's Cup in a quarter of a century at the 38th edition of the prestigious regatta next year in Naples.
Meghan Markle's website traffic is down in Australia while the country's government cut funding to Prince Harry's Invictus Games.