POLITICS & POLICY

G-7 Finance ministers to intervene, prop up Japanese yen

The Group of Seven (G-7) Finance ministers had agreed to intervene in the markets to stabilise the Japanese yen that would help hasten the economic recovery efforts of the country as it struggles to rebuild after the devastating earthquake.
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4 out of 5 Australian consumers against tax on cleaner and greener LPG

Almost four out of five Australians say they are concerned about the Federal Government’s proposed tax on the cleaner, greener alternative fuel LPG - a tax that could send the cost of the green transition fuel sky rocketing, see taxi fares rise and cripple Australia’s fragile LPG industry.

Feds yet to fix definite price for carbon tax, says Combet

The federal government has yet to decide on a definite carbon price level despite the new review issued on Thursday by Climate Change chief adviser Professor Ross Garnaut that calls for a maximum tax imposition of $30 per tonne produced.

UN Atomic Agency Steps In to Help Japan

The United Nations had stepped in to help Japan's deepening nuclear power plant crisis. A meeting will be convened today in Tokyo with government authorities and the UN-led International Atomic Energy Agency.

Queensland rebuilds state for US$6B

It will take two years and a budgetary allocation of no less thanUS$6 billion to rebuild the state of Queensland after the devastating floods, Premier Anna Bligh said today.

AustralianSuper Fund steps up to serve Australians best

The merger of the Australian Retirement Fund (ARF) and the Superannuation Trust of Australia (STA) has created an industry behemoth that seeks to serve all of Australia's working class. AustralianSuper is still working hard to keep step with the demands of its members that encompasses all industries in the country.

Auto industry slams Gillard Government’s carbon tax

The Australian government’s carbon tax will permanently scar small business, according to VACC, which represents 5,500 small to medium businesses (SMEs) in the retail, service and repair sector of the automotive industry in Victoria and Tasmania.

Japan may take years to recover from earthquake and tsunami

Japan is facing a herculean task to rebuild its economy after a massive 8.9 magnitude quake hit Friday which triggered a tsunami that destroyed most of the country's northern coastal towns. This early, economic analysts are finding it difficult to determine the scale of the human tragedy and physical devastation in the region.

Japan village vanishes after tsunami

"It's all gone. There is nothing left." That was how Toshio Abe, 70, described the former village of Saito with 70 houses and 250 inhabitants which was literally wiped off after a tsunami obliterated everything in its path following a powerful 8.9 magnitude earthquake.

Smoke seen rising from Japan’s quake-damaged nuclear plant

Smoke emitting from Japan’s quake-hit nuclear plant has been seen continually rising from the No. 3 reactor at Fukushima Daiichi nuclear plant while some 30 Filipinos seafarers have already been located and were sent on their way to Narita airport early Monday.

Safety of Japan-based Aussies still being verified

Japan-based Australians numbering 1825 were attested to be safe by the Department of Foreign Affairs and Trade. Nevertheless, some 900 Australian citizens are still being sought in the earthquake-devastated townships in northeast of Tokyo, Japan.

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