U.S. District Judge Charles R. Breyer ruled that Trump’s seizure of the California National Guard was illegal and unconstitutional, ordering control be returned to Governor Gavin Newsom.

The economic war launched by US president Trump against the rest of the world, with China the principal target, was the main factor driving the downgrade of forecasts made barely six months ago.

The 200 wealthiest Australians now control $667 billion, $42 billion more than last year. This amounts to over 36 percent of Australia’s annual gross domestic product.