Updated Aug 12, 2026 – 3.39pm, first published at 1.14amGo to latestPinned post – 1.26PMWhat you need to knowJosh HohneWelcome to The Australian Financial Review’s live coverage of breaking news this Wednesday, August 12. Here are the top stories we’re following.US President Donald Trump has confirmed reports that he secretly switched planes while leaving last month’s NATO summit in Turkey.The opposition housing spokesperson, Andrew Bragg, opened his address to the National Press Club by declaring Labor to be “the government for vested interests” but admitting he wished he did more to “stop the madness” of the Morrison-era Coalition government.The US military on Tuesday (Wednesday AEST) said it had used missiles to disable the steering gear of a Panama-flagged cargo ship that ignored repeated warnings to stop violating a naval blockade on Iranian ports. Six people were killed by Houthis firing missiles on a vessel in the Bab al-Mandab strait, Yemeni authorities said.Housing Minister Clare O’Neil says the Coalition has “lost the plot” after it asked the Australian Federal Police to investigate accusations that diplomatic cables between Japan and the prime minister’s office were leaked.1 / 5