Australia has won the second gold medal on day 10 of the Olympics, world champion sailor Tom Slingsby comfortably dominated the men's laser class final of Weymouth, it's the first individual gold medal of the game for Australia, and meanwhile, the Au
And the ratings agency StandardPoor's is warning the odds of the United States slipping back into recession are on the rise. It says there is a 25 per cent chance of another recession in the United States. In February, it said the odds of a double-di
A political stoush has erupted over BHP Billiton's decision to delay the expansion of the Olympic Dam mine. The company has shelved the 30 billion dollar project because of weak commodity prices and high capital costs. But the Opposition leader Tony
A huge police search continues for a young woman abducted at gunpoint from a refuge in Darwin. Monique Edmundson was taken on Wednesday after two men forced their way in and fired several shots. Now, police believe one of them is her former partner J
Federal Labour has made up more ground in the latest Newspoll. Its primary vote is up 2 per cent to 35 per cent. Now that's on top of a 5 per cent jump in the previous poll, but Julia Gillard and Tony Abbott remain equally unpopular with voters. The
A deep Tasman low is sending strong cold winds through Victoria and New South Wales, causing showers and Alpine snow. A frontier is drawing a coolest southwest change into southern Queensland. Around the states. In Queensland, isolated showers over p
National Australia Bank has reported a flat profit for the third quarter. The country's fourth largest lender by market capitalization has posted an unaudited cash profit of 1.4 billion dollars in the three months to the end of June. That's in line w
Ecuador says it's hoping to grant asylum to Wikileaks founder Julian Assange. He's been sheltering in Ecuador's embassy in London for two months. The Ecuador foreign minister says the UK government has threatened to enter Ecuador's London embassy to
And Euro Zone finance ministers have agreed to lend Spain more than 30 billion dollars to help its troubled banks, they've also agreed to extend the deadline for Spain to cut its budget deficit by one year, minsters need to get approval for the bailo
Now lets move to finance. The chairman of the U.S. Federal Reserve says Americas economic recovery is being held back by Europes debt crisis. And Ben Bernanke has told a congressional hearing that the U.S. economy has slowed significantly in recent m
The armed vehicles are all on the street of Damascus ? farting tense of fires in Syrian capital.Opposition activists have descried southern part of the city is being under siege.A spokesman for the free Syrian armry says troops are trying to dislaunc
Now time for the business news and when the market in Europe close in a couple of hours ago.London's FTSE 100 was down by 62 points,the tax als took slide.IN the US trading council close shortly in the down joins is over a hundred points lover while
The US bank JPMorgan Chase says losses from risky trading in its London office have widened to nearly six billion dollars. The bank originally estimated the losses at two billion dollars when the bad trades were disclosed in May. JPMorgan says the ex
Leading the news this morning, Tension is growing between the Labor Party and Greens, several senior LOP figures say they are just a protest party. The Labor senator Do Camper says there are instransigis* and inmutual. And immigration Minister Chris
Now time for business news, and markets in Europe all closed down, the FEST 100 was down slightly, the Dax and Euro also closed lower. In the US, markets have closed lower this morning as well, with the Dow Jones down around 1% after their job figure
the news this morning, British police arrested six people who is expected to plotting a terrorist attack that side is part of ongoing investigation and this not linked to this month's Olympics. Wiki leaks is publishing more than two million mo says w
Let's take a look at the satellite ,a large high press system is directing showers southeast winds on to the new south wales and queensland coast ,the high is keeping rest nation southeast most clear ,leading to another cold morning ,a trough is pres
Tough new austerity measure in Spain have sparked violent protests. Police have fired rubber bullets at striking miners in the capital, Madrid. Thousands of people took to the streets to protest against the sweeping Tax rises and spending cuts. An Au
Britain is having to send in its troops to bolster security for the Olympic Games, with just two weeks to go it's emerged that the company contracted to provide security doesn't have enough trained staff. Home Secretary Theresa May has confirmed that
Britain remains in a diplomatic row with Ecuador over the fate of the Wikileaks' founder Julia Assange. Ecuador has granted him political asylum, but Britain says it's obliged to hand him over to Sweden. The British Foreign Office insists it does hav
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