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The federal government is pushing ahead with plans to lift foreign ownership restrictions on Qantas. It'll bring legislation by the end of the week to repeal the part of the Qantas Sale Act, but it faces not-repeal battling in the senate. Labor and t
A moist southerly flow over New South Wales and southern Queensland coasts is producing showers with the odd thunderstorm off shore. Onshore wind about Queensland's Kent's Coast is generating scattered coastal showers. Moist easterly winds are causin
BHP Billiton is looking at cutting thousands of jobs from its iron ore operation in Western Australia. BHP Billiton has employed external consultants to conduct a review in order to cut costs. The company says jobs are likely to go as a result of thi
Leading the news this morning.Victoria's new premier Denis Napthine has a very big job ahead of him to revive the coalition government's flagging fortunes. He was sworn in late last night after Ted Baillieu's shock resignation. Now earlier in the day
A severe tropical cyclone is generating rain and storms on the northwest coast of Australia. Meanwhile a trough is triggering rains in the Northern Territory in WA. Finally another trough is drawing hot winds on the southern Queesland and NSW. Lookin
Ex-tropical cyclone Owswald is casuing heavy rain in eastern Queensland. A trough over soutern NSW is generating showers and a few storms. And a monsoon trough is triggering thundery showers across WA and the NT's northern tropics. Looking around the
Of course, Queensland's flood emergency which is threatening more communities. One man is missing after being swept away, while trying to cross a flooded creek on a motorbike at Greenback near Brisbane. In the Lockyer Valley, west of Brisbane, the lo
A trough stretching from the nation's interior to southeast NSW is triggering showers, onshore winds are causing showers over eastern Queesland. And a trough over northern WA and the Northern Territory is causing a few thunderstorms. Looking around t
Take a look at the satellite. Troughes over central and eastern Australian are producing showers and the odd thunderstorm. Hot Northerlies are affecting Victoria, South Australia and southern parts of Western Australia. A trough is causing storms ove
A key independent has told labor it is time to end the leadership speculation, once and for all. Tony Windsor says labor risks losing his support if it doesn't settle the issue. Meanwhile the foreign minister Bob Carl has strongly dismissed reports t
To finance,Australia's been warned not to be over-commit on the mortgage just because interest rate at record lows. Many economists believe the reserve bank will cut rates again before the end of the year.But Angie Zigmane from BIS Sharpnel says it's
-Leading the news morning. Prime Minister Kelvin Rudd wants to give Labor party members an equal say on who should be lead up.A special Caucus meeting will be held in a fortnight to consider the radical plan.Mr. Rudd says the change will reduce the p
Prime minister Julie Gillard will travel to Indonesia next month for annual talks with president Susilo Bambang Yudhoyono .The visit will give the PM opportunity to discuss ways to stem the flow of asylum seeker boats before September's election .The
And when the markets in Europe closed a couple of hours ago, Londons FTSE 100 was down 28 points. The Dax and Euro were also down. In the US, trading comes to a close shortly. The Dow Jones is down. The SP 500 is down by seven points. And the Austral
The offial interest rate is now at a record low of 2.75%. It's the Reserve Bank's first cut to interest rate since December last year. The RBA board says the domestic economy continues to struggle with the high Australian dollar. The bank has also le
An air-and-sea search continues for two passengers who've gone overboard from a cruise liner. Thirty-year-old Paul Rossington and 27-year-old Kristen Schroder were reported missing yesterday when the Carnival Spirit docked in Sydney. Police say they
Federal politicians due return to Canberra today as the Treasurer Wayne Swan prepares to hand down his sixth budget. He has considered it's going to be very uncomfortable to go back on his promise of a budget surplus. Instead, a 17-billion-dollar rev
Upper front the air is still cool over Tasmania past Victoria and New Southwales. And onshore wind still driving a few showers into Tasmania and Southern Victoria. Winds were layers and the air were warm at the influence of high. And a ridge of low p
First, it's going to be big factorial across much of the eastern and central parts of the continents is high pressure system becomes the dominant feature through the weekend. So it gonna bring small * winds along past of the New South Wales coast and
The Australian share market posted sharp falls weighed down by banks and mining stocks. The All Ords and the ASX 200 Index both lost 1.2%. The smaller oil producers were among the best performers. Iron Ore miners like Fortescue slumped. Nab was the w