Erik Pineda

Prime Minister Julia Gillard downplayed suggestions that her government is on its way out and her predecessor Kevin Rudd is positioning to reclaim the seat he had lost to Ms Gillard last year.

Standard & Poor’s knocked down America’s credit rating earlier in August this year and almost immediately the world’s biggest economy courted the possibility of another recession, a scenario that Australia had apparently encountered in early 2009.

The gloomy state of global economy appears to be easing down on Australia’s inflation figures, according to Reserve Bank of Australia (RBA) governor Glenn Steven, but he warned that upheavals are still ahead and they can significantly upset the domestic economy.

Australia's mining boom is distorting the economy and could spur higher inflation, warns the country's central bank.

Despite its falling stock price, national carrier Qantas Airways posted Wednesday a full-year net income of $250 million, and executives said it is a natural target for acquisition.

The earth shook in the American East Coast on mid-Tuesday and prompted hundreds of office worker to rush out from swaying buildings, in what authorities described as the biggest earthquake to hit the region in the last 70 years.

Sort of labour pains could bedevil a number of Australian industries in the months ahead but Prime Minister Julia Gillard has expressed confidence that her government’s policy tools are sufficient in meeting the demands of shifting economic environment.

Facing the spectre of labour unrests and leadership shakeup from roll-over crises last week, national carrier Qantas Airways won a much-needed reprieve on Monday as Australia’s competition watchdog provisionally approved the company’s proposed alliance with American Airlines.

It’s one less competitor for the lucrative tablet market as Hewlett-Packard revealed last week its intent to shift its core operation from hardware business to a premium information technology service provider yet current market leader Apple is not taking any chances.

Australian smokers will be forced to patronise cheap cigars from China and Indonesia if the federal government would not allow deadline extension of the plain packaging measures for tobacco products in the country, which takes effect on July next year.

Not only that Apple is on the roll, it is wreaking havoc on its competitors and according to the latest report issued this week by global research firm International Data Corporation (IDC), the tech titan’s second quarter smartphone numbers toppled perennial market leader Nokia of Finland.

Taking note of the emerging trend that site contributors are migrating out of Wikipedia, founder Jimmy Wales revealed on Thursday that the web-based encyclopaedia is implementing tweaks that hopefully would lure fresh entry providers.

A preacher saw the so-called ‘End Times’ when a Texas lake almost dried up and turned bloody-red in the ongoing American summer but experts insisted that the searing drought merely deprived the water of oxygen, thus leaving thousands of fish dead and floating too.

The US space agency said on Monday that it has started perusing the incredible images from one of the asteroids orbiting the zone between Mars and Jupiter, which were provided by the spacecraft Dawn that reached the asteroid belt early in July.

The $4.7 billion takeover proposal dangled on Macarthur Coal by Peabody Energy and ArcelorMittal meets the minimal expectations of the world’s largest coking coal miner but the firm maintains that considering more options is the best path so far in attracting its desire bid.

Australians will have to wait for quite a while before they could get their hands on the new Samsung Galaxy tablet computer as the South Korean consumer electronics manufacturer decided to suspend its local sale, at least until the company’s legal dispute with Apple has been resolved.

British police officials revealed on Wednesday the arrest of an 18-yea-old teenager that authorities tagged as the mouthpiece of a hacking group identified as responsible for breaching the security protocols of Sony Pictures and a host of other websites.

A new study conducted by Chinese experts pointed to the likelihood that Archaeopteryx, long regarded as one of birds’ probable ancestors, would lose its more than a hundred year reputation and be re-classified as one of the many flying dinosaurs.

The International Space Station (ISS) will end its mission by 2020 but Russia assured that the huge orbiting object will not add up to the increasing numbers of space junks circling above Earth, according to the Roskosmos space agency.

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.

Almost always, Apple never fails to please its loyal followers and tech watchers, the same way that it did last week when the Cupertino, California-based tech giant unveiled the upgraded MacBook Air that is juiced up by Intel’s Core i5 and i7 processors.

As the US government grapples on addressing its budget issues, Australia’s planned upgrade on its air defence capability could run into more glitches, according to the country’s defence chief.

On two previous occasions, Australian Cadel Evans nearly pocketed cycling’s greatest competition yet after his sterling performance on Saturday’s individual time trial, where he narrowly beat Andy Schleck, the Tour de France 2011 title is finally his.

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).

Rigid security measures implemented by the office of Israeli Prime Minister Benjamin Netanyahu reportedly bordered beyond decency as foreign journalists covering the Israeli leader complained of intrusive checks imposed on them.

Global mining giant BHP Billiton said on Thursday that its iron ore output for the last quarter of fiscal year 2010-11 soared by 14 percent to 35.5 million metric tonnes, exceeding projections earlier set by market analysts.

Larry Page’s recent tinkering on Google’s in-place structures were meant to reposition the internet giant and keep its competitive posture despite the enormous success that the company has achieved in so short a time.

Banking on its economic muscle and its growing list of millionaires, Qantas Airways trains its sight to China where its future growth in the Asia Pacific region will be anchored, according to company chief executive Alan Joyce.

Google provides Android for free yet for the most part, its deployment and usage require the assistance of other technologies exclusively owned by other firms such as Microsoft, which holds the right of web content rendering and navigation widely utilised in the OS platform.