Erik Pineda

Prudent regulatory measures and government economic policies are crucial in averting the damaging impacts of credit booms that largely crippled many economies during the global financial crisis in 2008.

The Australian economy surprisingly generated more jobs in September, exceeding expectations set earlier by economists, according to the latest employment report released on Thursday by Australian Bureau of Statistics (ABS).

The Coalition successfully moved on Wednesday to delay the final vote on Prime Minister Julia Gillard’s anti-tobacco measures that would have compelled cigarette manufacturers and sellers in Australia to market their products in plain packaging.

Samsung Electronics will not be allowed to sell its Galaxy Tab 10.1 tablet computer possibly for the whole duration of the Christmas season, according to a decision issued on Thursday by NSW Federal Court Justice Annabelle Bennett.

China unveiled on Monday one of its new towering skyscrapers that Beijing watchers said symbolised the once isolated nation’s ascension to dizzying prosperity while being ruled by a communist government that essentially embraced the basics of capitalism with great success.

New Zealand authorities have acknowledged on Tuesday that the country could be facing its toughest maritime environmental disaster yet in decades as a damaged container ship, trapped off the coast of the Bay of Plenty, remains in danger of spewing tonnes of oil in heavy seas.

It may not be the most gorgeous and powerful car assembled by man but the French-built ‘De Dion-Bouton et Trepardoux Dos-a-Dos Steam Runabout’ fetched a whopping $4.6 million during an auction held Friday last week in Hershey, Pennsylvania.

Prime Minister Julia Gillard is leaving The Lodge but her office quickly clarified that the imminent departure was mostly due to necessary home improvements needed to be undertaken on the decades-old government structure.

Steve Jobs fought a losing battle with cancer but his death certificate, released Monday by the Santa Clara County Public Health Department in San Francisco, California, revealed that the Apple co-founder’s actual demise was caused by respiratory arrest.

Mining activities on the Moon appears to become a fast-approaching reality as U.S. astronomers reported last week the likely presence of titanium ore on the lone Earth’s natural satellite, with reserves rich enough to encourage man in establishing a mine colony.

Fast-changing consumption habits and a host of other factors could further push up food prices, according to a global food firm, which added that rising costs could spawn uprisings in many countries around the world.

The Australian government has launched spirited efforts to win the release of an Aussie minor detained by Indonesian authorities for alleged possession of marijuana while on a holiday in Bali.

Following the critical and commercial success of its tech-based biopic ‘The Social Network’, Sony Pictures is reportedly approaching the last leg of securing the exclusive rights to produce a movie on the life of tech icon Steve Jobs.

Australia’s economy is stable enough, as compared to the rest of the world, but former Treasurer Peter Costello is all reluctant to credit the Labor government, insisting that the country benefited from efforts of previous governments.

In light of the gathering currency tiff between the United States and China, Federal Treasurer Wayne Swan hinted on Thursday that global foreign exchange issues could be resolved by worldwide initiatives that will encourage fluid currency floating.

Prime Minister Julia Gillard insisted on Thursday that Ken Henry’s scheduled entry to the National Australia Bank (NAB) board will not run in conflict with the former Treasury secretary’s present role as government economic adviser.

Australian banks have been shaving off their headline mortgage rates and some are even tossing cash bonuses in spirited efforts to lure more banking customers to sign up but analysts are doubtful that the trend will be sustained in light of the global economic uncertainties.

For dissenting earlier scientists’ assertions that the expanding universe has been slowing down, Australian National University Professor Brian Schmidt won the 2011 Nobel Physics prize.

Coca-Cola Amatil (CCA) may have agreed to sell off its current beer stakes to English brewer SABMiller but the beverage specialist has indicated that it will return to the market as soon as time permits.

China has accused the United States of provoking a confrontation that is both costly and unnecessary as Chinese officials called on the U.S. Congress to reconsider its plan of passing a legislation that would dictate on Beijing to allow the appreciation of Yuan.

Parents need not worry on the mental advancement of their teens as a U.S. study showed that adolescence actually breeds more excellence, thanks much to years of learning and experience.

More than a year after the plane crash that killed majority owner Ken Talbot, Sundance Resources is set to be taken over by Hanlong Mining Investment Ltd, a subsidiary of giant Chinese resource firm Sichuan Hanlong Group, with the suitor aiming to raise its present 18 percent stakes on the iron ore miner.

Amidst the seeming negative effects it also carries, the ongoing Australian resources boom, according to Prime Minister Julia Gillard, is generally beneficial to the country and its positive impacts are set to deliver the goods in the years ahead.

It appears Apple is convinced that Samsung Electronics will not be able to market its Galaxy 10.1 tablet in Australia as the U.S. tech firm rejected Tuesday overtures by its South Korean rival for a settlement of their legal dispute.

Microsoft is admitting that its in-house anti-virus product, Microsoft Security Essentials, had targeted Google's rival Chrome browser for blocking or even deletion, which the company insisted was unintended.

Seasonal spikes on three major consumer goods led to more than two percent surge in inflation over the past three quarters, according to the latest inflation measures released on Monday by the TD Securities-Melbourne Institute.

Officials of the Foreign Ministry issued confirmation on Friday that an Australian female backpacker died from an apparent drug overdose while on a holiday tour in Italy.

Following the gaffe he had committed earlier this week, Foreign Minister Kevin Rudd shifted his gears and voiced out support for his boss, the embattled Prime Minister Julia Gillard.

After months of stalling, the federal government finally approved the inclusion of six drugs to the Pharmaceutical Benefits Scheme (PBS) that provides state subsidies for the medicines that are normally used for life-threatening medical conditions such as cancer, heart failures and tuberculosis.