Channel Nine News
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The strong Australian dollar gave an “unprecedented whack” to tax revenue the government needed to return the nation’s budget to surplus, Treasurer Wayne Swan said.
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The University of Pennsylvania sued St. Jude Children’s Research Hospital over a patent for creating genetically modified versions of immune cells to treat cancer.
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Australian credit unions and building societies can be a “strong competitive force” against banks, helping to cut borrowing costs, Treasurer Wayne Swan said in his weekly economic note.
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Alastair Cook and Ian Bell struck centuries as England built a 208-run lead over Australia on day three to take control of the deciding fifth Ashes cricket Test in Sydney.
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Phil Hughes scored 86 on his comeback and Michael Clarke and David Warner also made half- centuries as Australia reached 299-4 against Sri Lanka on the opening day of their Test cricket series.
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Australia paceman Brett Lee, who was the world’s fastest bowler at his peak, said he’s quitting international cricket after a 13-year career.
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Australia risks falling behind countries such as China in reducing greenhouse gas pollution without a price on emissions that will ensure the “health and prosperity” of the economy, Treasurer Wayne Swan said.
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Introducing a carbon price to tackle climate change is “essential to the health and prosperity” of Australia’s economy as countries such as China take steps to curb greenhouse gas pollution, Treasurer Wayne Swan said.
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Brisbane faces its worst floods since 1893 as rivers swollen with heavy rain race toward Australia’s third-largest city, triggering evacuations.
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Australian opposition leader Tony Abbott and Prime Minister Julia Gillard have placed management of the economy at the top of their election campaigns before a national vote next month largely being fought over how much taxes companies pay and who gets to come to Australia.
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