POLITICS & POLICY

RBA Predicts Return of Active Consumer Spending Soon

The uncertain state of global economies, the debt crises in both the United States and the Euro zone, has largely prompted majority of Australian households to build up buffer reserves for the rainy days, according to Reserve Bank of Australia (RBA) Governor Glenn Stevens.

Children Forced to Crush Animals to Death

After a year-long investigation by PETA Asia-Pacific and the National Bureau of Investigations, police have now charged a Philippine couple with cruelty to animals and other crimes related to producing a series of pornographic videos in which young girls torture and kill animals. Faced with the charges, suspects Dorma and Vic Ridon have fled. Warrants have been issued for them.
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Human Rights Advocates Worry About Sending Asylum Seekers to Malaysia

The Australian Human Rights Commission is worried about sending people who claim asylum in Australia to Malaysia or other third countries, and has urged that, in particular, the government not send vulnerable individuals such as unaccompanied minors, families with children and torture and trauma survivors under this agreement.

Malaysia Deal Questions Australian Values

The recently concluded agreement between Malaysia and Australia has created strong reactions in Australia’s multicultural communities for its rejection of Australia’s international humanitarian obligations.

Australia Stock Market Report - MIDDAY- 07/26/2011

AFTERNOON REPORT (12pm AEST)The local share market is trading higher at lunchtime in the East, despite a negative offshore lead on continued worries over the US debt crisis. US President Barack Obama has addressed his nation within the last hour, telling Americans Democrats and Republicans have still not agreed on a solution to stop the government from defaulting on its debt repayments ahead of the August 2nd deadline. However, local stocks, which were heavily oversold yesterday, are today ...

NBN: More Competition Drives Internet Service Prices Lower

Consumers are given better access to lower-priced internet service, according to Minister for Broadband, Communications and the Digital Economy, Senator Stephen Conroy citing one of the key benefits of the National Broadband Network (NBN) network.

FM Rudd Calls for Decisive International Action in Somalia

Hundreds of thousands face death and starvation in Somalia if the ongoing conflict in the region will keep international relief workers from reaching the affected areas, according to reports by the United Nations World Food Program (WFP).

Australian Stock Market Report- Midday -(7/25/2011

MIDDAY REPORTLocal stocks have started the trading week in the red, after US leaders failed to agree on a deal to raise the government's borrowing power, or so-called "debt ceiling" before the August 2nd deadline. The debt ceiling is currently at $14.3 trillion, and the Democrats want it increased by $2.4 trillion in order to meet legal obligations, such as Social Security and Medicare payments. The Dow Futures is pointing to a negative start for Wall Street following the gridlock o...

Australia's Producer Price Index Scales Up

Australian producer prices rose by 0.8 percent in the second quarter, signifying a subdued inflation increase in the near term and no need to raise benchmark cash rates.

Norway Mass Killer Wishes To Explain in Court

Anders Behring Breivik, the man blamed for Friday's twin terror attacks in Norway wishes to explain why he killed at least 93 people and wounded nearly 100 more when he appears in court for the first time.

Australian Stock Market Report-MIDDAY (7/22/2011)

MIDDAY REPORT (12pm AEST)Local stocks are posting solid gains in early trade, following an upbeat session in European and US markets after Eurozone leaders agreed on a new bail-out package for Greece. The All Ordinaries Index (XAO) is firmer by 42.2pts in early trade or 0.9pct to 4668.4.

Solar Policy Review in Limbo

Solar peak bodies in Australia are growing more concerned that there has been no progress or policy announcement and that their Solar Solution and expert industry advice has been sidelined.

Australian Stock Market-CLOSING (7/21/2011)

AFTERNOON REPORT (4.30pm AEST)Local stocks posted a slight win today, but importantly managed to hold onto yesterday's impressive gains, despite slight falls on Wall Street overnight. Sentiment was boosted by hopes European leaders will agree on a second bail-out package for Greece, while a disappointing flash read on China's manufacturing sector limited gains as markets around the Asian region fell. The All Ordinaries Index (XAO) rose 7.8pts or 0.2pct to 4626.2 while the S&P/ASX 200 ...

Most Australian Businesses Continue Fight Against Carbon Tax

Members of Australia's largest and most representative business organization, the Australian Chamber of Commerce and Industry (ACCI) are taking the concerns of business and ACCI's member organizations about the proposed carbon tax to the community through support of an advertising campaign by the Australian Trade and Industry Alliance (ATI) which commenced on Thursday.

Price on Carbon to Hit Queensland Employment

A price on carbon would hit regional communities across Queensland who would feel the impact of the estimated Australia wide loss of employment in existing coal mines, the Australian Coal Association (ACA) said on Thursday

Egypt's Cabinet Not Sworn in Until PM's Return

Egypt's reshuffled cabinet will not be sworn in until Prime Minister Essam Sharaf recovers from a drop in blood pressure and returns to work, cabinet sources told Reuters on Tuesday.

South Africa to Create State-owned Pharmaceutical Firm?

South Africa plans to set up a state-owned pharmaceutical company, a senior official in the ruling ANC party said on Tuesday, a move that could squeeze local players in one of the world's biggest market for anti-retroviral drugs.

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