Stock markets across globe have finished lower, prompted by fears of another global recession. In the US, stocks seesawed through the session before closing lower. The Dow fell 173 points to finish around 1.6 per cent lower. European stocks closed do
Veteran ABC journalist Paul Lockyer, cameraman John Bean and pilot Gary Ticehurst are believed to have died in a helicopter crash in South Australia. The crash happened around 7:30 last night over Lake Eyre in the north of the state. Police have now
The satellite image shows cloud over eastern New South Wales is spinning about an offshore low, triggering showers over the coast and ranges. Cloud over central South Australia and Victoria is causing showers. There are mostly clear skies in the west
The pressure is growing on the Gillard Government over the Craig Thompson credit card scandal. Mr Thompson's former union has referred the matter to the New South Wales police. The Health Services Union is demanding an explanation and wants to know w
An emotional memorial service has been held for the 11 victims of this week's house fire near Brisbane. Thousands of people packed a local sports complex for the ceremony. Queensland's Premier Anna Bligh told the mourners every Queenslander shared th
Thousands of Qantas passengers are facing delays because of a strike by ground staff. They're going to walk off the job for an hour from 8 o'clock this morning. Up to 40 flights are likely to be delayed or cancelled. And in a separate action, enginee
Police have found three human bones during a search for the body of missing Queensland schoolboy Daniel Morcombe. The discovery was revealed late yesterday, and the bones are now undergoing forensic tests. It follows the discovery of the second shoe
Australian beer maker Foster's has accepted a takeover bid by British great brewer SABMiller. The deal is worth more than $12 billion to Fosters shareholders. Foster's produces some of the country's most popular beers including its biggest seller VB.
There is the report. World's stocks have bounced back from 14-month low as expectations among the policy makers will take further action to ease the eurozone debt crisis. Stocks were swinging between gains and losses on overseas markets overnight. Le
A 19-year-old man is recovering in hospital after being shot in the stomach by police in Sydney's west. Police were called to a break-in at a house in Colyton early this morning. They say they were approached by a young man who was armed. He was shot
A southeasterly change along the New South Wales coast is generating cloud and a few showers. Cooler southerly winds are bringing isolated light showers to southern Victoria, Tasmania and South Australia. Taking a look around the country. Queensland
Another poor poll will put even more pressure on Julia Gillard's leadership. The Coalition is now leading Labor in all mainland states for the first time since the last election according to the latest Newspoll. It shows Labor would lose half of its
Prime Minister Julia Gillard has returned from the Pacific Islands Forum to a looming row over the carbon tax vote. The Government will introduce its carbon tax legislation to Parliament when it resumes next week, but the Federal Opposition is still
The weather satellite picture shows patchy cloud remains about eastern New South Wales as a Tasman low directs fresh southerly through the state, triggering isolated showers. Low cloud over southeast Australia in cold southwest winds is causing showe
It could be another volatile day on the Australian share market. Investors have again punished European markets because of fears about a debt default in Greece. Shares fell across the board. The banks were hardest hit because of their exposure to Gre
Look at finance now, and the United States Congressional Budget Office has delivered a grim assessment for the countrys economy as the president continues to push his jobs creation package. It says the economy will grow more slowly than anticipated o
The man charged with Sydneys collar bomb hoax could be back in Australia within days. Paul Peters appeared in court in Louisville, Kentucky and decided not to fight his extradition. Its alleged the Australian businessman attached a fake bomb to Mosma
Firefighters are continuing to battle a chemical fire in Canberra. There've been a series of explosions throughout the morning, and a plume of black smoke is drifting over parts of the city. The blaze has forced the closure of roads and schools acros
Cloud associated with a cold front over southwest WA is generating stormy showers but high cloud stretching across the country's south is not bringing rain. In a large high means skies are clear elsewhere. Taking a look around the country. Queensland
The Reserve Bank looks set to keep interest rates on hold until the economic picture becomes clearer. In the minutes from its September meeting, the RBA highlighted increasing risks to global growth -- particularly in the eurozone -- and a softer-tha
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