POLITICS & POLICY

Google Wins Legal Tiff against ACCC

Four years after Australia’ competition watchdog labelled its search results as confusing and misleading, giant internet firm Google won the nod of the court, which declared on Thursday that the company hardly violated any provisions in the country’s consumer law.

PM Gillard Secures Support of Labor Powerbrokers

Although there is a growing movement within the Labor Party for Kevin Rudd to reassume leadership, current party leader and Australian Prime Minister Julia Gillard has secured sufficient support from powerbrokers. Enough support for her to remain in post amid discontent over her failed Malaysia Solution on border security.
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Australia Alters Student Visa Program

The Strategic Review of the Student Visa Program, conducted by former Olympics Minister Michael Knight on behalf of the Commonwealth Government was released Thursday by Ministers Evans, drawing mixed reactions.

More Money for Aussie Retirees Under Superannuation Plan Upgrade

Up to $40,000 more of retirement funds was promised on Wednesday to Australian retirees under a proposed upgrade to the country's superannuation scheme. The means a 30-year-old full-time worker who currently earns about $68,000 yearly would receive $150,000 upon retirement.

Abbott Seeks Gillard Resignation

Opposition leader Tony Abbott challenged on Thursday Australian Prime Minister Julia Gillard to resign because of her inability to protect the country's borders.

Australia May Be Affected by U.S. Economic Slowdown

A day after the International Monetary Fund (IMF) downgraded Australia's growth forecast over global recession concerns, a Reserve Bank of Australia (RBA) official acknowledged on Wednesday that the country could be affected by the U.S. economic slowdown.

Australian Dollar Outlook 09/22/2011

The Australian dollar has fallen overnight as pessimism once again pervaded throughout the financial markets. The AUD is back down near parity this morning and looking vulnerable to another move lower.

Tasmania Backs Same-Sex Marriage

The Tasmanian Lower House has this afternoon passed a motion of support for full marriage equality in Australia, with 13 voting in favour and nine against.

China will Launch Own Spacecraft Before National Day

China's technological sleight has taken a new dimension as it plans to launch its experimental aerospace, which is expected to commence on the communist country's attempt to build its own space station, says a report from Reuters.

Australian Dollar Outlook - 09/21/2011

The Australian Dollar has held its ground despite the IMF revising global growth forecasts from 4.3% and 4.5% in 2011 and 2012 respectively, to 4% in both years.

IMF Cuts Australia Growth Forecast to 1.8% in 2011

The International Monetary Fund (IMF) reduced on Wednesday its growth forecast for Australia to 1.8 per cent from previous forecast of 3 per cent. The gloomier outlook is part of the fund's warning of a new global recession that would hit commodity prices and lead to higher unemployment rates.

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