POLITICS & POLICY

Australian Dollar Outlook - 04 September 2013

Bell FX Currency Outlook: The Australian Dollar rose to a two-week high after the Reserve Bank of Australia kept the cash rate unchanged and issued a neutral statement on the chance of further cuts.
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“PNG Solution” Broke Back of People-Smuggling Trade, Says Australian Immigration Minister Tony Burke on Asylum Seekers; But Agents Adopt Wait-n-Watch

With elections around the corner, Australian Immigration Minister Tony Burke claimed a major policy success in bringing down, for the first time, the number of asylum seekers. Burke claimed that, after the implementation of the “PNG solution,” there was a visible decline in the number of asylum seekers arriving on Christmas Island within a month.

Climate Change Forum: New Zealand in Spotlight as Sinking Marshall Islands Cry for Help

The Marshall Islands, a small island state in the Pacific, cries for help as the islands continued to sink due to rising sea levels. Composed of 29 coral islands and atolls in the middle of Australia and Hawaii, the Marshall Islands are currently just 2 metres above sea level. The islands want help from the New Zealand government as the population will be at risk to increasingly intense droughts and storms.

Tornado Rips Japan, At Least 67 Injured

In what was believed to be a rare occurrence for the country, a tornado has struck the Koshigaya city of Japan, ripping off the roofs of a number of houses and buildings as well as toppling down a number of structures. No casualties have been reported. At least 67 were injured.

Kevin Rudd Offers Sops to Woo Voters as Poll Day Nears

In a last ditch attempt to save himself from a seemingly impending defeat 6 days away, Australia's Prime Minister Kevin Rudd, on Sunday, promised a host of measures to woo voters back. His assurances, including tax breaks and education programmes and plans to counteract the country’s slowing economy, came as opinion polls showed him slipping towards a landslide defeat.

Desperate New Zealanders Eat Dog Food, Live in Cars in Australia

Desperate times call for desperate measures as New Zealanders in Australia struggle with basic necessities because of strict Australian welfare law. Unlike Australians living in New Zealand, Kiwis who moved to Australia will not be entitled to government assistance like unemployment and sickness benefits. Some New Zealanders were finding it difficult to make ends meet, according to an Oz Kiwi organisation in Queensland that pushes for Kiwi equal rights in Australia.

New Zealand Patent Law May Trigger Growth in Tech Sector, Attract Foreign Developers to Migrate

When New Zealand passed the new patents bill, it was a milestone for the country's struggling software industry. With the new patents bill now a law, it would exempt software from being patented. As Clare Curren, the Labour Party's ICT spokesperson, said it was a historic moment for New Zealand's intellectual property. According to Mr Matthews, New Zealand has already been approached by several companies based in the U.S. that were seriously considering relocation. The new patents b...

Syrian Official Mocks U.S., Says Obvious Latter is Selfish ‘Only Cares About the Oil Wells,’ U.S. Troops Speak Up Against Getting Involved in Syria Fight (PHOTOS)

Although Syrian troops didn't necessarily rejoiced, they also didn't find it amusing when the U.S. backed out from a verbal tussle it very well started after it alleged the former of using chemical weapons during an attack in Damascus on Aug 21. Syrian troops mocked the U.S. as selfish because its intentions were never really for world peace.

Assad of Syria Tweets U.S. Used Chemical Weapons in Japan, Korea and Vietnam

In a cautious yet deliberate move toward action, President Obama is ensuring the validity of his claims on chemical attacks in Syria on its own people. A revenge attack by the U.S. defence officials is planned by the end of the week; most likely on Thursday as UN officials leave Syria after investigating on the chemical. massacre

Lockheed Martin Mired in Controversy with Canada Over F-35 Costs

U.S. defense firm Lockheed Martin is 'neck-up' in controversy with the Canadian government putting a cap on its F-35 Joint Strike Fighters. Reports say that the government of Canada has hit the 'reset button' on the deal because costs go beyond the agreed rate of $9 billion for the contract. A spending cap that limits the purchase of F-35s to $9 billion has been placed by the conservative party in Canada.

Indonesia Arrests 4 West Papuan Leaders as Freedom Flotilla Proceeds

Four West Papuan pro-independence leaders were arrested by authorities on Wednesday, in Sorong – a coastal city in the eastern Indonesian province of West Papua - on charges of organising a congregation pray meeting at the Maranthan Church in the city. Over 2000 people had gathered at the local church to pray for the safe passage of the “Freedom Flotilla” to West Papua - a journey, which the organisers say, hopes to reunite the indigenous cultures of Australia and West Papua, and bring human ri...

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