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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
A suicide bomb has killed at least fifteen people and wounded more than thirty others in north west Pakistan.The attack took place at a funeral on the outskirts of the city of Peshawar.Police say the bombers appears to have targeted an anti-Taliban p
Labor and Peace are questioning the Prime Minister's judgement after she decided appeal a Four Corner's report about the leadership coup.In a interview with the program,Juile Gillard denied she had been plotted to over-threaten Kevin Rudd weeks befor
Residents in Saint George in southern Queensland are hoping a make-shift levee will hold back the worst of the record flood threatening the town.The Balonne river is expected to pick just over 14 meters this morning.About 30 homes have already been f
More evacuations are expected today.Heavy rain continues to fall in large parts of New South Wales.Seventy people have been evacuated from Cowra,in the state's central west.There are evacuation warnings for five other towns, including Goulburn and Co
The Northern Territory government says the sale of gas on the Inpex project brings the Territory's step closer to securing a major investment. Inpex is planning to build a multi-billion-dollar gas processing plant in Darwin, but a final investment de
An advisory body to the Arab League is calling the immediate withdrawal of its monitors from Syria. It says the observers have made knowing packed-all on the violence against protesters. Activists say at least 22 people are killed by government troop
And leading the news this morning. Controversial Liberal Senator Cory Bernanke has called for an end to the rising rate of abortions in his new bookthe Conservative Revolution. Senator Bernanke accused some women of using abortion as a harm form of b
Communities in NSW and Victoria are being warned not to underestimate the fire dangers they face today. Soaring temperatures and strong winds combined with a high fuel load will create catastrophic conditions in many areas. Dozens of spot fires are a
There are reports this morning. The bushfire has destroyed multiple homes and local police station and a pub in the Western Australian town of Yarloo. Bushfire conditions have worsened in the past few hours. And an emergency warning remains in place
The receiver of Dick Smith says the retailer stores will stay open as new buyers thought. The electronics chain has gone into voluntary administration because it wasnt able to get more bank loans to buy new stock after poor sales. Receiver Ferrier Hu
The Australian share market has risen for the 9th straight day with banks and energy shares leading the rally. A bounce in oil and cooper prices overnight also helped lift optimism. Today, the All Ordinaries Index gained 51 points or almost 1%. The A
But as the landscape alters, therere new dangers. Everythings just changing now. Look, the weather is getting worse, the wind picking up. But also, this river is really widening, which means that its prime crocodile territory. There are two types of