POLITICS & POLICY

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US economy back on track

Is the US economy really on the rise? Are American consumers becoming more gung-hoed and spending on lattes and other luxuries given up during the downturn?

Former Duchess of York, Sarah Ferguson not invited to the Royal Wedding

The former Duchess of York, Sarah Ferguson has remained left out of the list of the prominent guests in the much awaited Royal Wedding in April. The spokesman reiterated that the former Duchess will not attend the ceremony at Westminster Abbey since she will be going to another country

NBN Co acquires Austra spectrum licenses for $120 million

Pursuant to its aim of delivering wireless services to parts of Australia yet to be reached by fibre-optics network, the National Broadband Network Company (NBN Co) inked a million-dollar deal with satellite television provider Austar.

Australia rebuilds Far North after cyclone Yasi

Acting Prime Minister and Treasurer Wayne Swan, Queensland Premier Anna Bligh and the Minister Assisting the Attorney-General on Queensland Floods Recovery, Joe Ludwig, have announced further measures to assist communities and businesses devastated by Cyclone Yasi.

Govt ban on bank exit fees to have 'opposite effect'

The federal government's plan to ban exit fees, although designed to help consumers, will have the opposite effect as it stifles bank competition, according to the mortgage and finance industry in Australia.

Privacy Commissioner: Vodafone breach customers privacy

Vodafone has been cleared by the Privacy Commissioner of accusations that the company had permitted the data leakage of its four million subscribers but it was ruled that the telco failed to institute appropriate safeguards that would shield its clients’ information from the public eye.

Swan welcomes bank wars among Australia’s major banks

The federal government is happy to see that major Australian banks are starting to actually compete with each other by bringing on to the table service offerings that intend to lure more customers and in the process deliver considerable benefits to their banking clients.

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