Let's look at finance and the International Monetary Fund says the economic recovery in the United States remains tepid. The IMF is warning the country must avoid tax increases and spending cuts that could send it back into recession, says the risks
Australia and other anti-whaling nations have condemned South Korea's proposal to start whaling. South Korea says it plans to follow Japan's lead and start killing whales for scientific research. It says it wants to hunt minke whales along its coastl
The prime minister Julia Gillard has refused to be drawn on the impact of carbon tax on the government's standing in the opinion polls, the A-C Nielson Poll shows 62% of Australians oppose the tax. Meanwhile a newspoll in the Australian newspaper sho
Leading the news this morning Gina Rinehart is now threatening to walk away from Fair Fax,if she doesn't get what she wants.The mining billionaire has told ABC's four coroners program,she now considers selling her stake in Fair Fax,if she does't get
Seven West Media was the worst performing stock in the ASX top 200 list of stocks,ending 14% lower.Investors bailed out of the shares after the announcement,former energy executive,Don Bounty,will take over as chief executive for Media stalwart,David
Australia and Afghanistan have just signed a strategic partnership from the sideline of the NATO Summit in Chicago. Prime Minister Julia Gillard says the 250-million-dollar agreement covers aid, development and trade. She says she hopes the summit wi
Here we start with the developing story this morning, that is the imminent collapse of the big engineering services firm, the hasty group with more than 2,000 jobs to be affected, particularly in states of New South Wales and Victoria, it's been reve
Now it's time for business news, and when the markets in Euro closed a couple of hours ago, London's FUTS' 100 was up slightly, as were the Dex and Euro. In the US, trading comes close shortly and Dow Jones and SP 500 were both down. The Australian d
Leading the news this morning. Three people have died in an overnight house fire in Melbourne's southeast. It's believed they are a woman and two children. Neighbors say they tried to break into the house at Clayton South, but shutters prevented them
Leading the news this morning, several Federal politicians are very concerned the crossbencher MP Craig Thomson is being pushed to breaking point, Mr.Thomson has lashed out the unrelenting focus on allegations he misused union funds, he's made a publ
Now time for the business news, and when the markets in Europe closed couple of hours ago, London's FTSE 100 was down 1.3%, and the Dax shed over 0.5%, in the US, trading comes to close shortly and the Dow and Jones is on 73 points while the SP 500 i
Before the Foreign Affairs Minister Bob Carr has brushed aside a formal complaint from a man who launched a sexual harassment case against the speaker Peter Slipper. James Ashby's lawyers lodged a formal complaint to victimisation yesterday with the
One of Australia's pre-eminent boardman Stock... has given a frank assessment to Europe's financial problems, saying he never believes the euro would succeed. Former treasury head and reserve bank boardman says the euro was compromised from the very
Union stalwart Bill Kelty has issued a reality check to Labor and Union movement. The Former ACTU secretary has told its national Congress the hope and trust the Australian people once had in the Labor party has retreated. He says Labor needs to arti
Top stories today, three more shots have been fired from the house at the center of an ongoing siege in Melbourne's northwest, the man holding police at bay is understood to be 43-year-old, Christopher Dean Binse, a convicted prison escapee, authorit
The Organization for Economic Cooperation and Development says the Eurozone crisis is the single biggest threat to the global economy.The OECD is forecasting economic contraction in the zone this year and only a weak growth next year.Chief economist
Leading the news this morning The Prime Minister has made a plea to the Senate to pass the bill that would break the asylum seeker deadlock.It took six hours of emotional debate for the legislation to pass the House of Representatives last night.The
Troughs are pushing clouds over southeast Australia and west Australia. While humid winds are generating low clouds along the Queensland coast. A close around the country. And Queensland will see showers along its east coast and northwest,with isolat
The Commonwealth Bank says,recent big cuts in the official interest rate,are helping boost consumer spending.The bank's business sale indicator has risen by nearly 2% in May but the CBA says uncertainty over the global economy has put a dent in confi
Plenty clouds still across the south east as a series of cold fronts will still moves through the south east in state over the weekend. But it looks at this stage as though Saturday will be the coldest of the days across the region, but it won't be a
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