POLITICS & POLICY

Australia's Services Sector Posts Modest Gains

Australia's services sectors offering accommodation, cafes & restaurants, transport & storage, property & business and personal & recreational service have recorded gains in July, according to the latest services index survey from the Australia Industry Group in collaboration with the Commonwealth Bank.

Zimbabwe Needs Extra £45M Aid: U.N.

Zimbabwe needs an extra $73 million (44.8 million pounds) in humanitarian aid this year, mainly due to increased food needs for vulnerable groups despite improvements in the agriculture sector, United Nations agencies said on Tuesday.
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NBN Rolls Out in Kiama Downs and Minnamurra

Australia’s second mainland National Broadband Network (NBN) site has been switched on this morning, with residents in the Kiama Downs and Minnamurra, south of Sydney, set to experience superfast fibre broadband.

Australian Stock Market -CLOSING - 7/28/2011

AFTERNOON REPORT (4.30pm AEST)Ongoing concerns about the US debt crisis saw markets around the Asian region heavily sold off again today. Investors remain concerned that even if US lawmakers come to an agreement over the raising of the debt ceiling, the US could still have its AAA credit rating downgraded. Japan's Nikkei index eased by 1.6pct today while the All Ordinaries Index (XAO) fell 73.4pts or 1.6pct to 4539.2 while the S&P/ASX 200 Index (XJO) eased by 73.6pts or 1.6pct to 4463.8....

British police apprehend the public face of Anonymous

As the law enforcement crackdown against hacktivist groups Anonymous and LulzSec continued, British law enforcement on Wednesday announced the apprehension of "Topiary," a 19-year-old man from the Shetland Islands north of Scotland who has served as the spokesperson for the group.

Aussie Dollar's Strength Dismays Industry Groups

Industry groups in Australia have expressed concern as the value of the local currency surges pass the usual parity against the U.S. dollar. Is the rising Australian dollar a blessing or a curse to the domestic economy?

RBA Predicts Return of Active Consumer Spending Soon

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.

Children Forced to Crush Animals to Death

After a year-long investigation by PETA Asia-Pacific and the National Bureau of Investigations, police have now charged a Philippine couple with cruelty to animals and other crimes related to producing a series of pornographic videos in which young girls torture and kill animals. Faced with the charges, suspects Dorma and Vic Ridon have fled. Warrants have been issued for them.

Australia Stock Market Report - CLOSING- 07/26/2011

AFTERNOON REPORT (4.30pm AEST)Local stocks rebounded today, despite an impasse over the US debt crisis. US President Barack Obama today urged the Republicans to come to a compromise over the deadlock, which needs to be finalised before August 2nd or the US government will default on its debt repayments for the first time in history. Overnight, US and European markets fell, however investors bought back into local stocks which were heavily oversold yesterday. The All Ordinaries Index (XAO) r...

Australia Told: Be Careful Treading Privacy Issues vs Press Freedom

Should Australia have tighter privacy laws to avoid a similar phone hacking scandal involving the media? Treading on press freedom and creating policies to protect individual privacy are delicate issues that government authorities and law makers are assessing amidst the phone hacking issue in the United Kingdom involving News Corp owned by Rupert Murdoch, serving as a test case for media organizations in the country.

Human Rights Advocates Worry About Sending Asylum Seekers to Malaysia

The Australian Human Rights Commission is worried about sending people who claim asylum in Australia to Malaysia or other third countries, and has urged that, in particular, the government not send vulnerable individuals such as unaccompanied minors, families with children and torture and trauma survivors under this agreement.

Malaysia Deal Questions Australian Values

The recently concluded agreement between Malaysia and Australia has created strong reactions in Australia’s multicultural communities for its rejection of Australia’s international humanitarian obligations.

Australia Stock Market Report - MIDDAY- 07/26/2011

AFTERNOON REPORT (12pm AEST)The local share market is trading higher at lunchtime in the East, despite a negative offshore lead on continued worries over the US debt crisis. US President Barack Obama has addressed his nation within the last hour, telling Americans Democrats and Republicans have still not agreed on a solution to stop the government from defaulting on its debt repayments ahead of the August 2nd deadline. However, local stocks, which were heavily oversold yesterday, are today ...

NBN: More Competition Drives Internet Service Prices Lower

Consumers are given better access to lower-priced internet service, according to Minister for Broadband, Communications and the Digital Economy, Senator Stephen Conroy citing one of the key benefits of the National Broadband Network (NBN) network.

FM Rudd Calls for Decisive International Action in Somalia

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).

Australian Stock Market Report- Midday -(7/25/2011

MIDDAY REPORTLocal stocks have started the trading week in the red, after US leaders failed to agree on a deal to raise the government's borrowing power, or so-called "debt ceiling" before the August 2nd deadline. The debt ceiling is currently at $14.3 trillion, and the Democrats want it increased by $2.4 trillion in order to meet legal obligations, such as Social Security and Medicare payments. The Dow Futures is pointing to a negative start for Wall Street following the gridlock o...

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