POLITICS & POLICY

Australian Dollar Outlook - 05 July 2013

Bell FX Currency Outlook: The Australian Dollar has traded higher after announcements from the Bank of England (BoE) and the European Central Bank (ECB) pushed major European share markets higher.
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Australians in Egypt Strongly Advised to Leave ASAP After Morsi Ouster

Australians in Egypt are urged by the federal government to consider leaving the country immediately after the toppling of Egyptian leader Mohamed Morsi. According to the data of the Department of Foreign Affairs, 730 Australians are currently registered being in Egypt before the protests began. Authorities say the number of Australians actually in Egypt could be higher.

Parliament Gift Shop Runs Out of Julia Gillard Souvenir Coffee Mugs

Julia Gillard is no longer Australia's prime minister for one week now, but it seems tnat she has gained popularity after she left politics. One proof is that barely a week after she lost the leadership vote on June 27, souvenir coffee mugs with her face on its sold out at the Parliament House gift shop.

Australian Economy Uncertain But Resilient Says Treasurer Chris Bowen

Treasurer Chris Bowen warns of an uncertain economic outlook in Australia and says the situation requires careful management. A week after former prime minister Julia Gillard declared the Australian economy is "growing, stable and strong", Chris Bowen says commodity prices and mining investments are on a decline. Just last Monday, Julia Gillard told the Committee for the Economic Development of Australia that the economy is strong.

Family Feud: Mandela Edition to be Settled in Open Court (VIDEOS)

Democracy icon and former South African President Nelson Mandela's health may be slightly improving, but it is not just his body that needs healing. His feuding family also needs emotional healing as they went to court over planned burial site for the 94-year-old man.

PM Kevin Rudd Names 6 Female Ministers to Make Parliament of Australia History

New Prime Minister of Australia Kevin Rudd has appointed six female members to his Cabinet making the total number of female Cabinet members to eleven. This is Rudd's alleged attempt to reconcile a divided party due to the ouster of Julia Gillard as Labor party leader. Rudd made Parliament history as there are now 11 female ministers under his leadership up from 9 since his victory over the first female prime minister in Australia.

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