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A new cold war may be erupting over one of the coldest places on earth and there are billions of dollars at stake. NBC's Kerry Sanders is On The Money tonight at the North Pole. The Arctic cap, a vast white blanket of ice the size of a continent, ho
US Treasury Secretary Timothy Geithner is urging European leaders to implement economic reforms at this week's EU summit. In a sign of just how bad the situation is in Europe, the ratings agency Standard Poor's has said it's reviewing almost every eu
And US President Barack Obama is selling education reforms as a key measure to improve Americas sluggish economy. He says investing in early childhood education will ensure the US remains competitive. Right out of the gate, it helps prepare our kids
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
And Cotton On has received a record fine for selling extremely flammable children's pyjamas. The clothing company will be forced to pay one million dollars. The Federal Court ruled that it breached the the Trade Practices Act by selling pyjamas that
So more finance news and the owner of Channel Nine is expected to meet creditors again this morning to try to determine the future of the debt-ridden company. Nine Entertainment owes its lenders more than 3 billion dollars. Yesterday, Nine boss David
Go to finance, and new figures show Italy's recession is deepening, the country's economy shrank for the fourth quarter in a row, tough austerity measures are continuing to bite, affecting everything from manufacturing to consumer spending, but some
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
And china's decision to restrict exports of rare earth minerals is to be challenged at the World Trade Organization.The US,EU and Japan were reportedly file the suit the with the global trade watchdog.China is the largest producer of rare earths,whic
The competition watch dog has set the prices that Telstra can charge its competitors the high speed broadband.The Australia competition and consumer commission will regulate price of ADSL to prevent Telstra from overcharging its rivals for the fixed
New Zealand born billionaire is negotiating to buy substantial slash Tasmanian based timber Gunns.The ABC understands that Richard Chandler wants to buy around 40% of the company.The investment potentially clears the way it build the Tamar Valley pul
Go to finance.And theres been a mixed response to the Greek bailout on the markets. The Dow Jones topped the 13,000 mark for the first time since May,2008. European markets were cautious,closing lightly lower. Analysts say Greece can't afford to wast
The Retailer's Association says the falling Australian dollar has pushed customers towards the local shops during Christmas. The association says retailers have reported stronger sales with the favorite present this year being gift cards. The associa
Today's national accounts are expected to show Australia's economic growth slows significantly during the last quarter. Economists are forecasting that Gross Domestic Product grows by 0.4% in the 3 months to the end of August. That's down from 1.1% g
And Apple has upped the end teeth on its rivals unveiling a new smart watch, a bigger new iPhone and new pay service. The smart watch is Apple's first new product line since the iPad. It'll feature apps including a heart and fitness tracker. The iPho
A new research has found some household power bills have been increased by up to 1,000 dollars in the past five years. Another report was by St. Vincent de Paul and Elvis Consulting, and it says the cost of poles and wires make up more than half of s
The treasurer Joe Hockey is in London where he is being heading talks with his British counterpart and the head of the Bank of England in the lead-up to next month's G20 meeting in Brisbane. Now Mr. Hockey is also taking the opportunity to meet poten
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
Raising the GST and reducing company tax are part of a pre-election blueprint for economic growth being proposed by business leaders. The Business Council of Australia has put forward an ambitious nine point plan. It says the economy is at a crossroa
And national account's figures out today are expected to show weak economic growth in the last quarter. Economists surveyed by Bloomberg are forecasting gross domestic product to have grown by half of a percent in the three months to the end of June.