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And Germany Chancellor Angla Merkel has pleged her country's support for Greece's austerity measures during a visit to Athens. She says Greece has made good progress in dealing with its massive debt. Her visit prompted a large protest outside the par
Jamaica's Usain Bolt has sprinted into the history books again this morning. He's added to his 100-metre gold by winning the 200 metres as well. It's the first time a man has won both events at two consecutive Olympic Games. Meanwhile, Australia has
Leading the news this morning. Two more swimming medals for Australia. James Magnussen has won silver in the 100 meters freestyle. Now he came in just one one hundreth of a second behind America's Nathan Adrian. And despite intense pressure as the fa
The top stories from ABC News. Unions are calling on the Federal government to low ?coal tax to prevent the closure of the x refinery.The company says the plant is too old and small to compete with Asian refineries.330 jobs will be lost when the plan
The Federal Government's expert panel on asylum seekers will release its report today. The political deadlock over asylum seekers is set to dominate when Federal Parliament resumes this week, but there is still no sign of compromise from the Oppositi
National Australia Bank has reported a flat profit for the third quarter. The country's fourth largest lender by market capitalization has posted an unaudited cash profit of 1.4 billion dollars in the three months to the end of June. That's in line w
Facebook shares have fallen to 19 US dollars a share overnight. It follows the expiry of a ban that has prevented some investors from dumping millions of shares in the social networking leader. The fall marks another low point in the continuing run o
And when the markets in Europe closed a couple of hours ago,London's FTSE 100 was down 54 points.With the DAX and EURO also down.In the US,trading comes to a close shortly,and the Dow Jones is up,while the SP 500 is also up. And the Australian dollar
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
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
Greeces conservative New Democracy Party has claimed victory in the countrys crucial general election. New Democracy appears to have won 30% of the vote, 4 points ahead of the left wing Syriza Party. Party leader,Antonis Samaras says the Greek people
Let's take a look at the satellite, a low is bringing rain to southern Vicotria and Tasmania, while the low and trough over southwest western Australia are generating showers and storms, a high is keeping the rest of the country, mostly dry. To Queen
The Federal Opposition is calling for a fresh election after the Prime Minister suspended the backbench MP Craig Thomson from the Labor Party. The move is aimed at restoring confidence in the Parliament. Mr Thomson is moving to the crossbenchers, but
Leading the news this morning, Economic forecaster Diloo access economist says the Treasure needs to find near 6 billion dollars in saving to return the budget to surplus. Wyane Swan says the budget surplus will allow the Reserve Bank to cut interest
lets check business in finance now . went the markets in the closed couple of hours ago .London's FTSE was downed 59 points about one percent ,the DAX in Germany falling about two and half percent . cross the Atlantic in the EU ,the Dow and SP 500
And now time for business news at the world markets. In Europe, closed a couple of hours ago London's FETE 100 without 26 points, the Tax was also up. In the US trading comes to a close shortly and the Dow Jones is down 65 points, the SP 500 is up 5
near Papunya ,cloud across central Australia ,the moment now is mostly high level and then sweep throw new south Wales ,and parts of Victoria on Saturday ,so little bit cloud about the S remain dry in the N, and near the O,there is along the Qu
To finance news. And the former finance minister, Lindsay Tanner, says trying to raise debt is a growing challenge for Australia's mid-sized companies. Mr. Tanner says the weakness of the corporate bond market is a major constraint for companies with
Leading the news this morning.The Pentagon is investigating photoes published in an American newspaper showing US soldiers posing with dead Afghan Suicide bombers.Australian defence minister Steven Smith has added his voice to a course of condemnatio
Former Treasurer,Peter Costello,has lashed out the why the federal government appointed David Gonski as the new chair of the Future Fund.Mr. Costello claims the reputation of the fund has been damaged because Mr.Gonski was originally asked to recomme