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This key index is flashing a clear US recession warning

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That’s a wrap

That’s the end of our live coverage of breaking news for Sunday, March 16.

Many thanks for following along.

Here’s how the day unfolded:

– This key index is flashing a clear US recession warning  Investors watching the S&P 500’s plunge this week are processing a mix of signals. Will the threat of tariffs push the economy into a recession or is this simply a retrenchment from the highly valued technology companies that some analysts and investors argued were due for a pullback? But a different stock index is flashing a much clearer warning sign.

Vanuatu on list of 43 countries on Trump travel ban list The Trump administration is considering targeting the citizens of as many as 43 countries as part of a new ban on travel to the United States that would be broader than the restrictions imposed during President Donald Trump’s first term, according to officials familiar with the matter.

Tariffs on Australian beef would push up American McDonald’s prices Trade Minister Don Farrell says any decision by the US to impose tariffs on Australian beef would drive up the price of McDonald’s meals in the United States, which would hurt American consumers.

‘Putin has imperialist designs’: Albanese Prime Minister Anthony Albanese said it is clear that Russia’s Vladimir Putin has imperialist designs on Eastern Europe and he must be stopped.

‘We should get out of AUKUS’: Bandt says Trump is ‘dangerous’ Greens leader Adam Bandt says it is time to abandon the AUKUS alliance because Donald Trump has proved himself to be dangerous.

Canadian PM reviews $21b F-35 fighter purchase from US Canada’s new Prime Minister Mark Carney has ordered a review of the country’s contract with the US’s Lockheed Martin for F-35 fighter jets – a new front in the dispute between the two sides in response to tariffs and expansionist rhetoric from President Donald Trump.

Generals wargame Ukraine peacekeeping force at London summit Generals from 27 countries will gather in London this week to start wargaming the potential deployment of troops, ships and planes to Ukraine.

Monster US storm sparks scores of tornadoes  Violent tornadoes that ripped through parts of the US proved deadly as well as destructive, as whipping winds moved east into the Mississippi Valley and Deep South on Saturday (Sunday AEDT), with at least 17 people killed and scores of homes decimated.

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    Original URL: https://www.afr.com/politics/federal/albanese-underlines-support-for-ukraine-at-uk-summit-20250316-p5ljvg