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
A British court has found two Muslim converts guilty of murdering soldier Lee Rigby in a brutal, unprovoked attack. Michael Adebolajo and Michael Adebowale ran over and stabbed the Afghan war veteran near a London army Baracks in May. Adebolajo told
The Federal Reserve has just announced it's winding back its long-running stimulus program. Federal Reserve Chairman Ben Bernanke says the Central Bank is cutting its bond-buying program by 10 billion dollars a month. The program was designed to prop
Labor has accused the government of fudging the budget numbers to make a case for spending cuts. Shadow Treasurer Chris Bowen says the Coalition has changed its forecasting methods to suit its own political purposes. And when you look closely at the
Treasurer Joe Hockey will use today's budget update to strengthen the case for tough spending cuts. The mid-year budget update is expected to show a deficit close to 50 billion dollars for this financial year. That's 20 billion dollars more than what
U.S politicians appear close to reaching a deal on spending cuts and tax rises to avoid sending America over the dreaded fiscal cliff. President Barack Obama says some issues still need to be resolved, but an agreement is close. People around the wor
French President Francios Hollande is talking about he'll push ahead with plans to raise the tax rate on the rich. He wants to lift the rate to 75 per cent. A court scuttled the plan last month when it ruled the measure was unconstitutional. Mr Holla
Emergency Services are on high alert with soaring temperatures forecast for much of the country. The heat wave is expected to be unusually large in scale, both in the land area and the number of the days expected to push above 40 degrees. Dozens of S
Extremely hot, dry and windy conditions will put southern states on the most extreme fire alert for several years. In Tasmania, fire crews have already been out in force, battling fires in the south and the northeast. There's(口误) been no injuries
Hot northerly winds hitting Victoria and NSW. A trough over WA is triggering thundery showers. Meanwhile a high over the Tasman Sea is directing showers into northeast, while keeping most of the southeast clear. Looking around the states. In Queensla
And when the markets in Europe closed a couple of hours ago, London's FTSE 100 was up 42 points to 6,090. The Dax and Euro both closed up 20 and 8 points, respectively. In the US, trading comes to a close shortly and the Dow Jones is up 21 points, wh
Hundreds of bushfire victims have spent the night stranded in evacuation centres in Tasmania. The Tasman Peninsula is still blocked and authorities say it's not safe for residents to return to their houses. Around 100 people are missing and it's fear
The number of people looking for work across the Eurozone has hit an all-time high. November figures put the unemployment rate at 11.8 per cent. Spain recorded the highest rate at 26.6 per cent. Greece has the second highest at 20 per cent. More than
Thousands of firefighters have worked through a second night to try to bring dozens of blazes under control across the southern states. Crews have taken advantage of the cooler weather to carry out back burning, but high temperatures are scheduled to
Communities in NSW and Victoria are being warned not to underestimate the fire dangers they face today. Soaring temperatures and strong winds combined with a high fuel load will create catastrophic conditions in many areas. Dozens of spot fires are a
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