And when the markets in Europe closed a couple of hours ago, London's FTSE 100 was down. The Dax and Euro were also down. In the US, trading comes to a close shortly and the Dow Jones is down five points, while the SP 500 is down three.The Australian
Bank customers are likely to be the one who pay for the Federal Governments planned deposits levy. The government says the money is needed to guarantee deposits in the event of a bank collapse. The levy will be imposed on deposits of up to 250,000 do
The Federal Government is slugging smokers to help pay for its policies. Its putting up the tobacco excise by 12.5% a year over the next four years. The move will raise more than five billion dollars. Labor is moving quickly to try to minimize the da
Raising the GST and reducing company tax are part of a pre-election blueprint for economic growth being proposed by business leaders. The Business Council of Australia has put forward an ambitious nine point plan. It says the economy is at a crossroa
Police are investigating two fatal shootings in Sydney overnight. A 19 year old man was shot several times in Bexley in the citys south. He died on arrival at hospital. In Sydneys inner southwest, another man suffered several gunshot wounds at Earlwo
Federal cabinet is meeting today to put the finishing touches to another round of spending cuts. The treasurer Chris Bowen is expected to hand out a new economic statement this week in the face of falling revenues. In Egypt, supporters of ousted Pres
And when the markets in Europe closed a couple of hours ago, Londons FTSE 100 was down. The Dax was also lower, while the Euro Stoxx closed a little bit higher. In the US, the Dow Jones closed up. The SP 500 and the Nasdaq were also up slightly. And
Lets take a look at the satellite. A cold front crossing Southern WA is bringing damaging wind, showers and the odd storm. A trough a head of the cold front is generating areas of light rain over South Australia. Looking around the country, Queenslan
video footage emerged the moment when a train derailed in spain as it came around being, at least 80 died in the crash and more than 170 were injured. two investigation are underway. media report speed may have been a factor. the defence association
The Coalition is at the centre of a diplomatic row with Papua New Guinea over the latest asylum seeker deal. PNGs Prime Minister Peter ONeil denies that he told the Opposition that hell be given control over Australias aid money to his country as par
The share market is edging up in early trade after a relatively flat finish on Wall Street. Right now, the ASX 200 is a quarter of a per cent higher. Taking a looking, overnight in the US, weaker than expected existing home sales and disappointing ea
The Duchess of Cambridge is in the early stages of labour in London's St Mary Hospital. Kensington Palace announced that the Duchess is now in the Lindo Wing where her husband was born 41 years ago. The first sight of the baby's birth is expected to
A serious cold front is going cross the southeast and parts of the continent. Now it's going to bring widespread rainfall but nothing in the way overly heavy falls apart from the north and also western parts of Tasmania. But we will see strong and gu
Fire fighters are bracing for a new threat today as soaring temperatures return to the southern states. There will be a total fire ban across New South Wales, Victoria and the ACT. Fire authorities are warning residents in the affected areas to remai
In finance. Wall Street has hit a new record high before falling back slightly. The Dow Jones exceeded the previous record set back in 2007. Wall Street trader Douglas Blake says there are two forces at play in the US economy. Certainly, it doesn't f
The satellite shows a trough over eastern Australia causing rain, showers and storms for northern NSW and Queensland. Cloud associated with ex-tropical cyclone Rusty is producing rain in southern WA. While thick cloud covers the tropics. Looking ahea
Let's take a look at the satellite. A low is causing heavy rain, strong winds, dangerous surf over northeastern NSW. Troughes are triggering storms in parts of Queensland, South Australia and in Western Australia where a cooler change and showers are
More voters prefer Tony Abbott as Prime Minister. That's according to latest FairfaxNielsen Poll. It's the first time in seven months the Opposition leader has led Julia Gillard as preferred Prime Minister. The same poll shows Kevin Rudd is almost tw
Indigenous affairs minister Jenny Macklin is stepping up pressure on the Nothern Territory to deal with alcohol abuse in aboriginal communities. She's asked the Northern Territory government to investigate two Alice Spring's hotels that may be contri
Take a look at the satellite. A trough in the east is triggering showers and thundery rain in NSW and in southeast Queensland. Another trough in the west of the country is generating the odd shower. Meanwhile, a high pressure system is keeping elsewh
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