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Australia's most powerful indigenous1 land council has thrown its weight behind a push to stop seabed mining. There has been a surging applications to explore for minerals off the Northern Territory coast. Traditional owners on Groote Eylandt, north and east Arnhem Land, say mining will destroy important culture science. The Northern Land Council says it supports the Anindilyakwa people and other groups who oppose the practice.
Five of America's biggest banks have agreed to a $25 billion settlement over claims that they improperly2 break these homes. The abuses happened after the US housing market collapsed3 five years ago. The banks rushed the foreclosure through without following proper procedures. The money will compensate4 borrowers who lost their homes and give a lift to others trying to pay mortagages greater than the value of their property.
To the latest numbers from the markets now. In the US, markets are falling lating the trade. The Dow Jones has given up one percent. It's currently at 12761 points. In Asia, stocks fell across the region with Hang Seng giving up over 220 points. Back home and local shares ended Friday lower on Greek debt growth, the weak RBA growth forecast. The All Ords quench5 down, 0.8 percent.
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1 indigenous | |
adj.土产的,土生土长的,本地的 | |
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2 improperly | |
不正确地,不适当地 | |
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3 collapsed | |
adj.倒塌的 | |
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4 compensate | |
vt.补偿,赔偿;酬报 vi.弥补;补偿;抵消 | |
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5 quench | |
vt.熄灭,扑灭;压制 | |
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