Australia’s governing Labor party recorded its best polling performance in six months as Prime Minister Julia Gillard seeks to overcome public opposition to her carbon tax and stave off a leadership challenge.
Australians will weigh the ruling Labor Party’s record of preserving economic growth against opposition attacks on its trustworthiness and competence in an election that polls call so close no party may win a majority.
Australian Prime Minister Julia Gillard’s tax on iron ore and coal profits raised A$126 million ($130 million) in its first six months, trailing targets and denting her economic credibility seven months before a federal election.
Carphone Warehouse Plc, the U.K. mobile-phone retailer that demerged its TalkTalk unit this year, raised forecasts for the third time in six months after selling more smartphones in the U.S. and Europe.
Former Australian Prime Minister Kevin Rudd said he’ll join the election campaign of Julia Gillard , the woman who ousted him, as her Labor Party struggles in opinion polls in the run up to the Aug. 21 ballot.