The administrator of the collapsed airline,Air Australia,has revealed that the accounting lost almost 90 million dollars over the past three years.In its first report to creditors,Korda Mentha has recommended Air Australia be placed into liquidation....
Severe tropical cyclone Lua is causing rain and strong winds for northern WA as it nears the coast.A monsoon trough and tropical low are triggering heavy showers and storms elsewhere in the tropics.While a trough is generating a rain and storms in Ne...
Former Treasurer,Peter Costello,has lashed out the why the federal government appointed David Gonski as the new chair of the Future Fund.Mr. Costello claims the reputation of the fund has been damaged because Mr.Gonski was originally asked to recomme...
A group of Belgian parents have rushed to the site of a fatal school bus crashing in Switzerland,some still unsure if their child is among the dead.The children were returning from a skiing trip in the Swiss Alps,when their coach crashed into the sid...
And china's decision to restrict exports of rare earth minerals is to be challenged at the World Trade Organization.The US,EU and Japan were reportedly file the suit the with the global trade watchdog.China is the largest producer of rare earths,whic...
The Taliban is threatening to avenge the deaths of 16 civilians shot dead by a rogue American soldier.The Afghan Parliament is also demanding a public trail.The Afghan army has stepped up security in Kandahar city after the Taliban threats. Oppositio...
A suicide bomb has killed at least fifteen people and wounded more than thirty others in north west Pakistan.The attack took place at a funeral on the outskirts of the city of Peshawar.Police say the bombers appears to have targeted an anti-Taliban p...
With more positive economic news from the US this morning after the employment figures were published.The new numbers show employment grew solidly for a third straight month in February.Almost 230,000 positions were added to the payroll.And the unemp...
The satellite image shows,a low lingering over the Taman sea,directing strong winds and large surf onto the south-east coat.A developing monsoon trough is causing heavy storms in the tropics. To Queensland first,and there will be scattered showers an...
AFL Footballer Liam Jurrah has just been charged over a machete attack in Alice Springs.A 35-year-old man suffered serious head injuries during the attack at a town camp.Now Liam Jurrah and another man were arrested and questioned by police.The young...
Defense Minister，Stephen Smith is refusing to apologize for accusing the head of Defense Forces Academy of mishandling last year's Skype sex scandal.A report has cleared Commodore Bruce Kafer of any wrong-doing and he's due to return to work this w...
The big banks are refusing to rule out another interest rate rise.This is despite of course the Reserve Bank's decision to leave official rates on hold.The RBA has decided to keep the cash rate at four and a quarter percent for the second month,becau...
Residence in Wagga Wagga in southern New South Wales are fleeing their homes this morning as flood waters approach a record peak.More than 8 thousand people have been ordered to evacuate.The Murrumbidgee River is expected to reach 10.9 meters later t...
There have been more flood evacuations in New South Wales.About 450 people in Wagga have spent the night in emergency accommodation.The Murrumbidgee River is expected to reach 10 meters by tomorrow.In northern Victoria,meanwhile flood warnings remain...
European leaders in Brussels have signed a new treaty designed to prevent the 17 Euro-zone countries from living beyond their means.Beliefs hope the accord will also prevent a repeat of the crippling debt crisis,which led to the bailouts of Greece,Ir...
