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Weak consumer spending figures in the US are dampening hopes the countrys economic recovery will be quick. Household spending fell for the first time in five months in September, down 47 billion dollars or 0.5%. Government spending was behind the thi
An Indonesian governor says he'll let 78 Sri Lankan asylum seekers be taken off from an Australian customs ship only if he's given a guarantee they won't stay longer than a month. The asylum seekers were due to be moved to an Indonesian detention fac
The election campaign has stepped briefly back in time with Kevin Rudd and John Howard duelling over who should lead the country. John Howard launched a stinging attack on Julia Gillard at a Liberal Party fundraiser last night, calling her a total fa
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
Our top stories this hour. The Tennis World has been rocked by allegations of match fixing which officials deny. A joint invesigation by the BBC and BuzzFeed News found a co-group of 16 players, all rating the top 50, are suspected of fixing matches
Former Foreign Minister Bob Carr has come under strong criticism for suggesting the Jewish lobby has too much power. Mr. Carr told 0730 Jewish groups enjoyed extraordinary influence over the Gillard government. The Council of Australian Jewry says Mr
Prime Minister Tony Abbott says the historic free trade agreement with Japan will be worth billions of dollars to the local economy. The deal will see tariffs on Australian beef halved and Japanese cars become much cheaper for consumers. Oscar Pistor
And there were mixed results on Wall Street overnight. The Dow closed down slightly, while the Nasdaq and SP 500 posted modest gains. In London, the FTSE also climbed. To commodity markets. West Texas Crude is trading at 104 US dollars a barrel. Tapi
And two explosions in Boston, at the finishing line of Boston marathon have claimed two lives. According to local media outlets, including the Boston Globe, more than 100 people injured and are being treated in nearby hospitals. There's been a series
The Christmas Islan ddetention centre is overflowing now because of a surge in asylum seeker arrivals. More than 2,200 asylum seekers have been detained on the island. That's about 200 above the official capacity. Now this has forced authorities to h
And the latest inflation figures are due out this morning. Economists are tipping a rise of 0.7% in the first three months of the year. Now that will take the annual CPI to 2.8%. Apple's quarterly profit has fallen for the first time in almost ten ye
The Federal Government's revenues are continuing to fall. The prime minister will review their 12-billion-dollar revenue shortfall in a speech later today. Now despite the financial hit, the prime minister will push ahead with her education reforms a