POLITICS & POLICY

India to Import Less than 500 Tonnes Gold in 2014

India's gold imports for financial year 2014 will be less than 500 tonnes, according to All India Gems & Jewellery Trade Federation (GJF), unless the national government relaxes the rules on import restrictions of the safe haven yellow metal.
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Malcolm Turnbull Backs ABC Amid PM Tony Abbott's Allegations

Australian Communications Minister Malcolm Turnbull expressed his support for ABC following the attack by Prime Minister Tony Abbott on the national broadcaster. Mr Abbott blasted ABC by saying the network "instinctively takes everyone's side but Australia's." Mr Abbott went straight to the point when he told the radio show that he would like ABC to become a "straight news gathering and news reporting organisation."

PM John Key Suggests Changing The New Zealand Flag

New Zealand Prime Minister John Key wants to change the country’s flag. The country’s leader has raised the possibility of a national referendum on changing the national flag because the current one looks a lot like Australia’s.
A man is silhouetted against a video screen with an Facebook logo as he poses with an Dell laptop in this photo illustration taken in the central Bosnian town of Zenica

New Zealand Labour Attacked for 'Mad' Threat to Ban Facebook Over Taxes

The New Zealand Labour Party has threatened to ban Facebook and the Internet from multi-national corporations over tax issues. Labour proposed the solution to force corporations to pay more taxes. The party recommends that the New Zealand government should talk to Facebook but if this doesn't work, a backup plan must be in place which Labour described as a "credible threat."

Rich Aussies Pay $430 Million in Unpaid Taxes, Penalties in 2013

Because of a strict campaign to collect unpaid taxes and penalties for 2013, the Australian government's coffer is richer by $430 million. The contributors are mainly the richest Australians, including racing celebrity Sean Buckley, art dealer John Ioannou and businessmen Bob Jane and Geoffrey Edelsten.
North Korean leader Kim Jong-un (R), flanked by his uncle North Korean politician Jang Song Thaek

Kim Jong Un Eradicates Traitor Uncle’s Entire Family

North Korean leader Kim Jong Un has had his uncle’s entire family eradicated, according to a new report. The once powerful Jang Song-thaek was executed in December for apparently attempting to overthrow his nephew.

Bill Shorten Reacts to Tony Abbott's "Embarrassing" Speech in Davos

Australian Labour Party and Opposition Leader Bill Shorten described Prime Minister Tony Abbott's speech in the World Economic Forum as "embarrassing." Mr Abbott had criticised Labour's stimulus package during the global financial crisis in front of the summit participants in Davos, Switzerland. He accused the Labour government of spending money to attract progress.

Australian Dollar Outlook - 23 January 2014

Bell FX Currency Outlook: The Australian Dollar remains above USD 0.8800 after inflation figures came in stronger than expected, making another cash rate cut highly unlikely.

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