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To finance, and a new report by the Grattan Institute warns that young people are risk having lower living standards than their parents. It echoes comments by the former Treasury Secretary Martin Parkinson who says urgent tax reforms are needed to st
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
The world oil prices continue to tremble causing further volatility on global stock markets. It has been hard to believe how much it has collapsed. In New York it dropped well below 50 US dollars a barrel in today's trade. And the price's falling is
Woodside Petroleum's attempts to buy back nearly 10% of its shares from energy giant Shell has failed. At a general meeting in Perth today 72% of votes cast by shareholders went favor of the proposal and 28% were against. The resolution needed 75% su
The FBI has identified the masked Islamic State militant who murdered two American journalists and a British aid worker, the man who has a British accent appeared in the video showing the beheading of the three men. Now the FBI hasn't named the man o
Australian fighter jets have completed their first combat mission in Iraq. The chief of the Defence Force Mark Binskin says the two jets were armed but did not launch airstrikes. Two FA-18 jets were involved. The jets have returned safely to base. Th
A low pressure trough is triggering foundering showers in the inland parts of QLD and NT. A second trough is producing thunderstorms over parts of SA and showers over the south western Victoria. Pointing ahead to todays forecast for the state in QLD,
Leading the news, Clive Palmer wants our spoken senator Jackie Lamby to remain in the Palm United Party despite their falling out. Mr. Palmer says up to 700,000 dollars were spent getting Senator Lamby elected and he liked to stay, but the interview
And when the markets in Europe closed a couple of hours ago London's FTSE 100 was down 34 points. The Dax was also down, while the Euro was up two points. In the US, trading comes to a close shortly and the Dow Jones is up. The SP 500 is also up. And
After posting solid gains yesterday, the share market today lost momentum and closed flat. The All Ords and the ASX 200 just giving back a few points.By the close, the falls today were led by bank and retail sectors. Gains in the resource sectors, th
Now let's get more business and finance news, in particular the markets see how they finished the trading week. And in Europe, we could see a mostly down, a quite oversee in Germany with the Dax. The FTSE finished down 76 points. Across the Atlantic,
Let's go to finance and the markets have been digesting the recommendations from the government commission of audit. The chief economist at HSBC Australia Paul Bloxham says it is important to get the budget back into surplus but the whole issue has t
More people than never before employed in United Stats newly released official confirmed the total number of people who have job is now slartly high than the peak range before the international crisis of 2008. Corespondent say it's an important maste
And when the markets in Europe closed a couple of hours ago, London's FTSE 100 was up. The Dax and Euro stocks were down. In the US, trading comes to a close shortly and the Dow Jones is slightly up, while the Nasdaq is down. And the Australian dolla
And when the markets in Europe closed a couple of hours ago, London's FTSE 100 was up. The Dax and the Euro were also up. In the US, trading comes to a close shortly and the Dow Jones is up. And the SP 500 is up as well. And the Australian dollar is
Pope Benedict has indeed surprised the world announcing his resigning at the end of the month. He is the first pontiff to step down in almost 600 years, saying he is simply too old and frail to continue in the job. The Vatican says it expects his suc
And in Europe, it ended the week higher with London's FTSE up 44 points there. The Dax also having a positive day. And across the Atlantic, as trade has ended on Wall Street, the Dow finishing up 68 points. So a positive day all around globally. And
And when the markets in Europe closed a couple of hours ago, London's FTSE 100 was down and the Dax and Euro were also down. In the U.S, trading comes to a close shortly and the Dow Jones is up, while the SP 500 is down. And the Australian dollar is
Good morning everyone. Adani Group proposed Carmichael coal mine has been given final environmental approval by the Queensland government. Now that, the mine, which would become the biggest in the world, has been given the green light with 140 condit
The defence department secretary Denice Richardson has called Australia to take a strong stand with China on the South China Sea. Mr.Richardson says China will remain its longest longterm trading partner but it's not important Australia is very candi