WORLD

Spain announces deep budget cuts to fend off Greece’s debt issue effects

The Spanish government said today that budget cut measures will take effect soon in order to cushion the anticipated spill over of Greece’s debt issues across the eurozone as Prime Minister Jose Luis Rodriguez Zapatero revealed that public sector wages will be slashed by five percent and frozen by next year.

Samsung reveals plan of billion dollar investments in healthcare and green sectors

Samsung Group announced Tuesday that it is set to invest a total of $US20 billion in healthcare and green energy sectors by 2020, which would create thousands of new jobs as company chairman Lee Kun-Hee hinted that governments around the world are channelling billions to sustainable energy over concerns on the planets dwindling resources.

Chinese consultancy group urges Beijing for a flexible Yuan

The State Information Centre, a powerful government think-tank, has called on the Chinese government to consider a more flexible exchange rate in order to eliminate worldwide pressure for a stable currency and discourage the entry of speculative funds on China’s economy, which could encounter a slow down by the year’s second quarter.
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Iran to arrest women with suntan

Better hide those bronzed skin when visiting Tehran, Iran. At least if you are a woman. On Thursday, Tehran police chief Brig. Gen. Hossien Sajedinia has warned that all women sporting a tan will be arrested and imprisoned because this violates the "spirit of Islamic law." Thus, any woman that looked like a "walking mannequin" will be punished.

IMF calls attention on possible overheating Asian economies

The International Monetary Fund (IMF) has issued warning on Thursday that Asian economies are in danger of overheating as more capital influx could lead to inflationary pressures that could bust the region’s recent gains.

10-yr-old girl stung by box jellyfish leaves hospital

She has been called a medical wonder. 10-year-old girl Rachael Shardlow miraculously survived being stung by a box jellyfish, one of the world's most venomous creatures, in December while swimming 23 kilometres upstream from the ocean mount in Calliope River, near Gladstone in Queensland.

Anonymous donor gives Pennsylvania charity $19k diamond ring

A retired jeweler sorting through items donated to a Pennsylvania charity got the surprise of his life when he discovered an expensive 2.6 carat diamond and platinum ring estimated to be worth $US17,600 ($19,000).

Organisations should invest in assessing climate vulnerability

Organisations that apply a "wait and see" approach to thinking about the impacts of climate change on their business might reach a point where it is too late to adapt, according to a University of Queensland (UQ) Business School expert.

China prepares for tighter grip on information control

China has announced on Tuesday that it is set to require telecom operators and internet service providers to report and cooperate with state security officers on possible leak of state secrets, as the country moves further to tighten its grip on communication facilities and discourage political dissent.

QUT researchers track climate change

Queensland University of Technology (QUT) scientists will use technologically-advanced automated monitoring equipment to track greenhouse gas emissions and the impact of urbanisation as part of a new national research network.

BHP faces accusations on water pollution in US mines

A US-based environmentalist group has filed charges against Broken Hill Propreity (BHP) Billiton, stating that the company's Mexico operations have polluted its groundwater flowing into the neighboring areas.

IMF hails Australia as 8th richest country

The International Monetary Fund hailed Australia as one of the top 10 developed counties as it made a comeback from the global financial crisis.

Qantas cleared to fly

Qantas Airlines is cleared today to fly its planes to London's Heathrow airport after several of the flights were suspended overnight due to fresh ash clouds from Iceland's Eyjafjallajokull volcano.

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