"It hurts," was all that James "The Missile" Magnussen could muster of his defeat to American swimmer Nathan Adrian who outdid him in the pool by a fingernail and one-hundredth of a second in the 100 metres freestyle final event of the 2012 London Olympics.
After four days of stiff and neck and neck competition in the 2012 London Olympics, Australia's total medal tally has so far reached six - one gold, three silver and two bronze. Australia's standing is in the 12th place on the medal tally.
In Australia it looks like we're doing more sinking than swimming...and we're not just talking about the Olympics.
Tata Steel in Europe, which is the second largest steel producer in the continent, utters that there is a growing desperate need for a growth strategy in the U.K. so to overcome the problems in the industry. Dr Karl Kohler, chief executive of Tata Steel in Europe, admitted that he had experienced the toughest time in his 30 years and at the same time he called for the UK to remove the obstacles to economic growth.
That Ford Australia recently slashed production to about 33,000 cars a year and laid off 440 employees are by means already telltale signs it will soon be padlocking the doors of its plants permanently in Australia.
Ford Australia has pledged to locally assemble vehicles in the country until 2016 and that’s it, according to an automotive industry expert, who added the exit of the global carmaker has been a foregone conclusion.
While American households suffered a 30 per cent decline in their wealth for the six-year period 2004 to 2010, Australian households enjoyed a 20 per cent increase for the same time frame.
Prices of goods and services in Australia has risen at a much slower pace that the country registered on Wednesday a 13-year low inflation rate of 1.2 per cent.
Adhering to the popular adage that the only things permanent in life are death, taxes and change, a recruitment firm listed the top qualities that employers look for in workers amid high unemployment rates in different parts of the world.
A day after Deloitte Access Economics warned that Australia's mining boom could end in the next two years, an economist said any decline would not be caused by lower levels of investment but by the mining tax.
A UBS forecast that banks in Australia would axe several thousands of positions over the next two years was validated by a National Australia Bank (NAB) executive on Monday.
Virgin Australia admitted on Monday that its local operations have been performing beyond expectations but not to the point that could push Qantas Airways into near-extinction.
Deloitte Access Economics warned on Monday that Australia's mining boom is expected to last for just two more years. Deloitte pointed out that the current resources boom is the result of investments made by mining firms a few years back and there are few new mining mega projects on the pipeline.
A report by CommSec released on Monday confirmed that Western Australia (WA) is the country's strongest state in terms of economic performance.
Etihad Airways said on Friday that securing substantial holdings in Virgin Australia seeks "to create better economies of scale," for its international operations and not to control the management nor undermine a competitor's business.
Skills Minister Chris Evans warned on Thursday that low-skills jobs are fast disappearing from the Australian economy due to technology and structural changes. To address this growing problem, the federal government launched the Australian Workforce and Productivity Agency (AWPA).
Australia has given Abu Dhabi's air carrier Etihad Airways the go signal to expand to 10 per cent its stake control in Virgin Australia.
More home brands are expected to hit the local supermarket shelves over the next five years, a new report said, sustaining the latest trend in the grocery sector that benefits both retailers and consumers.
Due to the popularity of private label goods on the shelves of Coles and Woolworths, a new study released in Thursday forecast that by 2017, the share of such products would make up one-third of total supermarket sales.
Qantas Airways is set to become an Apple world, in large part, as the national carrier disclosed plans to replace the mobile handsets that were being used by company employees with iPhones, which emerged as the preferred smartphone in a recent Qantas internal survey.
A Chinese executive with holdings in Australia's mining industry advised on Monday Prime Minister Julia Gillard and Perth business leaders for Australia to prepare a back-up plan in case the mining boom ends.
Major economic indicators showed that the country's current cash rate of 3.5 percent will hold in the aftermath of the Reserve Bank of Australia's (RBA) board meet next month.
Airline passengers flying via Virgin Australia have been assured they will continue to enjoy the extra legroom seats in the front row of the economy section on its Boeing 737-800 aircraft at no extra cost.
The stifling effect of Europe's sovereign debt crisis and weakness in developing nations led the International Monetary Fund (IMF) to downgrade its global growth forecasts on Monday to 3.5 per cent for 2012 and 3.9 per cent for 2013.
While more Australian men are shifting to careers within the lucrative resources sector, there are also a rising number of Aussie women who are venturing into Outback jobs.
No thanks to the premium price of Apple's iPhone, Android smartphones have become the preferred device in most developed economies, according to the new figures issued recently by Kantar WorldPanel ComTech.
Local stocks are trading marginally higher at lunchtime in the East, ahead of the release of key Chinese data. After six sessions of losses, investors are moving back into the market with the All Ordinaries Index (XAO) firmer by 8.8pts or 0.2pct to 4114.8.
Manchester United, arguably the most popular sports club in the planet, wishes to join the fray in Wall Street purportedly to fix its financial woes, which reportedly commenced when the team changed ownership in 2005, and possibly to prolong its legacy.
A survey by consulting firm Hay Group forecasts that Australian workers could expect a 4 per cent salary increase in the next 12 months. The estimated is based on its analysis of salary data from over 440 organisations and 270,000 jobs in the past year to February.
What we have at the moment is a cash rate lower than what is deemed appropriate by the central bank, according to Reserve Bank of Australia (RBA) Deputy Governor Philip Lowe.
