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The Reserve Bank governor Glenn Stevens has warned ultralow interest rates globally are putting retirement savings at risk. Speaking in New York, Mr. Stevens said record low interest rates are a big problem for savers, and that many stand to be disap
A large bushfire in the Perth hills has destroyed at least 27 homes. Hundreds of people have spent the night in evacuation centres. The blaze has burnt out about 650 hectares. Fire authorities say the bushire is contained, but not under control. And
A climate council report has found heat waves in Australia are becoming more frequent, hotter and are lasting longer. It says some parts of the country experienced an average increase of one to three heat waves days in the last 60 days. Total fire ba
Prime Minister Tony Abbott has taken his free trade message to the world. Mr. Abbott has addressed the World Economic Forum in Davos. He told delegates that the global economy needs more investment in infrastructure. He's also pushing for tax, bankin
At least 20 properties are thought to be destroyed as 50 bushfires continue to burn right across Victoria. An emergency warning's been reissued for the Midland Road, fires in Melbourne's northern fringe. It's now spread across 40 kilometres taking in
Stanislas Wawrinka has claimed his maiden(首次的,初次的)grand slam(大满贯)title in a major upset of the Australian Open. Tournament favourite Rafael Nadal battled injury right throughout the match. Wawrinka took the first two sets. Nad
New evidence has exposed endemic corruption with Australia's construction industry. A joint 7:30Fairfax Media investigation has found that high-raking officials in the CFMEU(Construction,Forestry, Mining and Energy Union)have helped organized crime f
Australian Peter Greste is among 20 Al Jazeera journalists who go on trial in Egypt on terrorism-related offenses. Mr. Greste is accused of aiding members of a terrorist organization. He and two of his colleagues have been in custody in Cairo since l
The new head of the US Federal Reserve Janet Yellen says the Central Bank expects to continue trimming stimulus measures despite a stubbornly high jobless rate. The unemployment rate is coming down, but Ms.Yellen says a labor market recovery is far f
The Australian sharemarket has posted its biggest weekly gain in more than two years. The All Ordinaries index added 0.9 percent, as did the ASX 200 index. Across the region, investors have focused on some stable Chinese inflation figures for January
Up to 25 people have died in renewed clashes between riot police and protesters in Ukraine's capital Kiev. The Interior Ministry says protesters have taken dozens of police hostage. The violence erupted again just hours after a truce was declared. Th
Tony Abbott has put spending cuts to health and education firmly on the government's agenda. The prime minister says the government will keep its pre-election commitment to maintain health and school spending his term, but he says reducing the rate o
David Jones has confirmed its Chief Executive Paul Zahra will remain in the role. Mr. Zahra announced he would be resigning last year, but there was speculation he would stay on after it was revealed last month the company's chairman and two other di
Qantas workers are anxiously waiting today's release of the airline's half-year results. Qantas is expected to announce plans to cut thousands of jobs in the wake of heavy losses. The government says it'll wait until today's results are released befo
Qantas boss Alan Joyce will meet Unions this morning to begin talks on his massive job cuts. The airline plans to shed 5,000 jobs after announcing its 235-million-dollar loss. The Federal Government is backing away from giving Qantas a debt guarantee
The David Jones releases its half-year result today and a possible merge with Myer is firmly back on the table. The retailer has reappointed consulting firm Port Jackson partners to assess the advantages of becoming a combined company worth more than
Malaysia's Prime Minister says new satellite data has confirmed missing flight 370 crashed into the southern Indian Ocean and there are no survivors. Malaysian Airline has informed the families of the 239 people on board.An Australian navy ship is no
A new report out today has accused Australia's big four banks of financing companies linked to land grabs and child labor in developing countries. The report was commissioned by Oxfam. It identifies four cases in Cambodia, Papua New Guinea, Indonesia
The share market closed down almost 1% with all sectors lower. The ASX 200 gave up 49 points. Doing most of the damage on the market today were mining stocks after the fall in the iron ore price overnight and shares in Cabcharge, the Australian's big
Next Tuesday's budget will include a tax levy on high income owners. Federal cabinet has sought to push ahead the tax despite opposition from business groups and growing number coalition benchfronts. Chris Richard ... the Royal Access Economics, says