The Northern Territory government says the sale of gas on the Inpex project brings the Territory's step closer to securing a major investment. Inpex is planning to build a multi-billion-dollar gas processing plant in Darwin, but a final investment de
Tropical cyclone Heidi is crossing Western Australias Pilbara coast, the category 2 cyclone is bringing winds to up to 150km/h as well as torrential rain. A red alert remains in place for communities between Pardoo and Whilm Creek, 2000 homes without
Checking the weather now, and ex-tropical cyclone Heidi is causing rain of Western Australia while a trough stretching through Queensland and Top End is bringing a few showers and storms. Taking a look at the states. And a wet day for most of Queensl
As you heard standard and pools has decided to downgrade the France top notch credit rating. From its television says the rating's agency were cut pairs triple A rating. Other EU nations set to be facing the same fate late today. The northern territo
The death toll from an Italian cruise ship than run aground in the Mediterranean has risen to 5, 15 people are still missing, an Italian crew member and a south Korean couple were the latest to be rescued from the stricken ship, the ships captain has
Figures show US economy grew by its fastest pace in over 18 months during the final quarter of last year.The nation's gross domestic product grew at annual 2.7% between October and December.It was boost by a pick up in consumer spending but the numbe
With more positive economic news from the US this morning after the employment figures were published.The new numbers show employment grew solidly for a third straight month in February.Almost 230,000 positions were added to the payroll.And the unemp
And Greece's credit rating has been downgraded to below junk status.Rating agency,StandardPoor's has classified Greek debt as being in selective default.The European Central Bank says Greek bonds can no longer be used as collateral for loans to comme
More evacuations are expected today.Heavy rain continues to fall in large parts of New South Wales.Seventy people have been evacuated from Cowra,in the state's central west.There are evacuation warnings for five other towns, including Goulburn and Co
One of Australia's most wanted fugitives,Malcolm Naden has been captured in remote bushland on the New South Wales northern coast.Naden had been on the run for seven years.Police say no one was injured when he was arrested,just after mid-night. Holde
Defense Minister,Stephen Smith is refusing to apologize for accusing the head of Defense Forces Academy of mishandling last year's Skype sex scandal.A report has cleared Commodore Bruce Kafer of any wrong-doing and he's due to return to work this w
Police clashed with protesters outside the Greek Parliament as PMs prepared to vote on the unpopular austerity reforms.Buildings near the Parliament have been satellited.The IMF and the European Union say they want approve nearly 200 billion dollar b
Kevin Rudd is due to fly to Brisbane in just under an hour and he will hold a news conference.The former Foreign Minister yet to formally declared he will stand in Monday's leadership ballot but he's expected to make some formal announcements at that
Taking a look at the satellite imageTroughs over Queensland are bringing heavy rain and storms, a high is generating hot and dry northerly winds into southeast Australia while the trough is drawing cooler winds, the showers into southwest West Austra
Rating's agency,Fitch,has downgraded the priced credit ratings of three Australian Big Four banks,citing higher funding costs.It downgraded Commonwealth Bank,Westpac and National Australian Bank to double A minus from double A.ANZ,which already had a
A significant downturn in the Fortunes of several Australian fashion brands,most even go to foreign hands.Billabong's 72% slide in half year profits,pumped a take over offer could form global priority firm TPG but the offer was rejected.Pacific brand
Prime Minister is set to call a leadership ballot for Monday.Kevin Rudd lit the fuels yesterday when he resigned as foreign minister.Several ministers have publicly backed to Mr.Rudd and thrown their support behind the prime minister.Treasurer Wayne
The satellite image shows a band of cloud associated with trough is triggering a few showers and thunderstorms.Widely spread cloud over WA is leading to scattered showers and storms and patchy across the tropic cloud is producing thundery-showers. In
The administrator of the collapsed airline,Air Australia,has revealed that the accounting lost almost 90 million dollars over the past three years.In its first report to creditors,Korda Mentha has recommended Air Australia be placed into liquidation.
Juila Gillard and Kevin Rudd are refusing to bring the leadership crisis to ahead but that hasn't stopped the speculation. Bill Shorten,is latest minister to back the prime minister and leader of the Labor's Right faction,senator David Feeney says Ke
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