Iranian MPs set a paper US flag ablaze in Parliament in the wake of President Donald Trump's decision to scrap the nuclear deal, while European leaders are scrambling to salvage the international pact.

Only a fraction of the $1.8 billion in federal infrastructure money promised for SA in last night's federal budget will flow over the next four years, it's been revealed.

Only a fraction of the $1.8 billion in federal infrastructure money promised for SA in last night's federal budget will flow over the next four years, it's been revealed.

ABC News director Gaven Morris says there is "no more fat to cut at the ABC", and an $84-million reduction in funding revealed in the federal budget will "cut into the muscle" at the broadcaster.

ABC News director Gaven Morris says there is "no more fat to cut at the ABC", and an $84-million reduction in funding revealed in the federal budget will "cut into the muscle" at the broadcaster.

A Melbourne developer admits his company demolished a 160-year-old pub without a permit, while the co-director of the company prepares to fight the charges.

A Melbourne developer admits his company demolished a 160-year-old pub without a permit, while the co-director of the company prepares to fight the charges.

AMP shareholders send management and the board a stinging rebuff with the largest protest vote against a Top 50 company in Australian corporate history

AMP shareholders send management and the board a stinging rebuff with the largest protest vote against a Top 50 company in Australian corporate history

The introduction of frozen Indian buffalo meat in Indonesia has had a huge impact on Australia's live cattle trade.

The introduction of frozen Indian buffalo meat in Indonesia has halved demand for live Australian cattle in its biggest market, industry representatives say.

AMP will defend itself in two class actions, which were launched just before the company fronts angry investors at its annual general meeting today.

AMP will defend itself in two class actions, which were launched just before the company fronts angry investors at its annual general meeting today.

The day after Donald Trump decided to re-impose sanctions on Iran, oil prices surged to their highest level in three years, boosting global stock markets.

The day after Donald Trump decided to re-impose sanctions on Iran, oil prices surged to their highest level in three years, boosting global stock markets.