POLITICS & POLICY

Rio Tinto Reduces Costs, Eyes $5B Savings

With global prices of commodities still on a downslide, and the proverbial gold at the end of the rainbow still way out of sight, global mining giant Rio Tinto has announced it will reduce unnecessary costs to generate a $5 billion savings by the end of 2014.
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Australians Warned of Deadly Summer Sun

Australians wanting to have that tanned skin may well have it this summer season, but still beware as weather forecasters predict the country could be facing more of the sun's radiant glory.

Bo Xilai’s Chongqing Hit Anew by Sex Scandal

The dirty tales from Chongqing appear far from over. The bustling Chinese city hit international headlines this year when its chief, Bo Xilai, was unceremoniously sacked by his peers in the Chinese Politburo for allegedly engaging in corrupt and immoral activities.

Police Thwarts Biggest Credit Card Scam in Australian History

After 17 months of secretly working with financial institutions and international law representatives from other nations, the Australian Federal Police on Thursday announced it had thwarted a Romanian-based gang of credit card fraudsters, detaining 16 people and eventually arresting seven of them in Romania.

Bo Xilai’s Former Chinese Fiefdom Hit Anew by Sex Scandal

The dirty tales from Chongqing appear far from over. The bustling Chinese city hit international headlines this year when its chief, Bo Xilai, was unceremoniously sacked by his peers in the Chinese Politburo for allegedly engaging in corrupt and immoral activities.

Tourism Australia Loses Funding Support from Qantas

Tourism Australia has lost some A$44 million funding support from Qantas Airways Ltd. over allegations the tourism group's chairman is involved in a demolition job scheme to oust the airline company's chief executive.

NASA Captured Images of Near-Earth Asteroid 2007 PA8 [PHOTOS]

NASA scientists captured images of near-Earth Asteroid 2007 PA8 with the Deep Space Network antenna at Goldstone, California between October 31 and November 13, 2012. NASA described the asteroid in the released images as an irregularly shaped and stretched-out object with ridges and craters.

Tony Abbott Promises 1 Million Jobs Until 2017, 2 Million Until 2022

Australians know that election time is near when politicians promise the sun, the moon and the stars in a bid to win votes. This especially is the case for MPs who used to enjoy popularity with voters until the political scenario changed in favour of their perceived rivals.

Gold Up on Greek Debt Pact

Prices of the safe haven yellow precious metal jumped 0.2 per cent to $1,751.80 an ounce after finance ministers in the heavily fiscal-affected eurozone and the International Monetary Fund (IMF) agreed to reduced Greece's long-term debt.

Rare Disease Detected among Queensland Beef

A rare bovine disease, called Bovine Johne's Disease (BJD), has been detected among a number of cattle herd in Central Queensland. But an agriculture lobby group had maintained the beef from the concerned state remains safe to eat as BJD cannot affect humans.

SA Lotteries License Awarded to Tatts Group for $427M

For the next 40 years, the management of South Australia's lottery and Keno services will be managed by Tatts Group after the gaming giant shelled out $427 million to acquire its licence from the SA state government.

China’s J-15 Fighter Jet Saw First Take-Off Success

China’s combat capabilities jumped a notch higher as its first sea-operational aircraft carrier, Liaoning, saw the first landing of a Chinese made combat plane, cementing the nation’s reputation as a rising military power in the Asia-Pacific region.

Queensland’s Credit Rating Drops to Negative

The Australian state of Queensland's AA1 credit rating has been downgraded from stable to negative by international ratings agency Moody's Investors Service, and is unlikely to revert any time soon to its former AAA rating.

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