Berlusconi 'obliged' to stay in politics

FORMER Italian prime minister Silvio Berlusconi said he felt "obliged" to stay in politics to reform the justice system, the day after he was found guilty of tax fraud and sentenced to a year in prison. "There are going to be consequences,"...

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EU lawmakers cancel Iran visit in row

A VISIT to Iran by five Euro MPs has been called off after Tehran refused to let them meet with a jailed activist lawyer and a filmmaker, just a day after the two were awarded a prestigious European human rights prize. "The five MEPs were about...

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Russian opposition leaders detained

RUSSIAN opposition leaders have been detained while protesting what they say is the torture of a fellow activist. Investigators earlier this week said that Leonid Razvozzhayev had turned himself in and confessed to plotting riots. But days later...

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Iraq Eid attacks kill 16

ATTACKS mostly targeting Shi'ite Muslims during the Eid al-Adha holiday, including bombings of a marketplace and a minibus carrying pilgrims, killed at least 16 people in Iraq on Saturday. The shootings and explosions, which also left more than...

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Rebels raid poultry farm

COMMUNIST guerrilla rebels raided a poultry farm in the southern Philippines and torched two buildings after the owner ignored their extortion demands, the military said on Saturday. Thousands of chickens were killed after rebels from the New...

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Hong Kong to cool property market

HONG Kong announced it will raise real-estate purchasing and resale costs to cool its overheating property market down, in a move targeting non-local buyers and speculative activities. The prices of small and medium sized residential flats in...

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Retail Adventures goes into administration

DISCOUNT store business Retail Adventures has gone into voluntary administration with jobs at risk and store closures expected. Retail Adventures is the largest trader of discount stores such as Sam's Warehouse, Crazy Clark's, Chickenfeed and...

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Sudan-Iran links scrutiny after blast

SUDAN'S links to Iran came under scrutiny after Khartoum accused Israel of a deadly missile strike on a military factory in the heart of the Sudanese capital. The cabinet met in urgent session late Wednesday after the government said evidence...

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Pope's butler set to be jailed

THE Pope's butler Paolo Gabriele will be locked up in a Vatican police cell after the prosecution decided not to appeal against his 18-month prison sentence for leaking papal documents, the Vatican says. Gabriele had been under house arrest...

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Chinese investment in Australia slows

CHINESE investment in Australia has declined since 2009 while Australian investment in China almost tripled, a new report shows. The latest Asialink Index, calculated by PricewaterhouseCoopers (PwC) and the Melbourne Institute, shows Australia's...

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Ecuador worried about Assange's health

ECUADOR is 'very concerned' about the health of Julian Assange after the WikiLeaks founder lost a lot of weight while staying at the country's embassy in London, a foreign ministry official said this week while in Moscow. The deputy foreign...

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EU debt mountain continues to grow

EUROPEAN national debt levelsis continuing to rise way above EU limits, official data shows, as the eurozone debt crisis undermines government revenues. The EU statistics agency Eurostat said total accumulated national debt in the 17 eurozone...

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Prison, $6b fine for rogue trader

THE Paris appeals court has ordered former Societe Generale trader Jerome Kerviel to spend three years in prison and pay back a staggering 4.9 billion euros (about $6.2 billion) in damages for one of the biggest trading frauds in history. The...

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Germany opens memorial for Roma victims

GERMAN Chancellor Angela Merkel has opened a sombre memorial to the half million Roma and Sinti murdered by the Nazis, as she warned of still rampant discrimination against the minority. The long-delayed monument, a round pool of water with a...

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Greece wins extension on fiscal targets

DEBT-LADEN Greece has secured a long-sought extension from its creditors to meet its fiscal targets, Finance Minister Yannis Stournaras has told parliament. "We have obtained the extension," Stournaras said, shortly after telling reporters that...

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Govt should rethink nuclear subs: analyst

THE government must consider the nuclear option for the next generation of submarines, with US Virginia class "nukes" far more capable and cheaper than anything else Australia could acquire, a new study says. A paper by analyst Simon Cowan says...

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Greens push for wheat export amendments

THE Greens hope to break a political deadlock on wheat export deregulation with a proposal to set up a new body to give quality assurance and information to growers. Agriculture spokeswoman Rachel Siewert says the minor party's amendments would...

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Construction watchdog says it's on the job

THE new construction industry watchdog says it is holding unlawful union behaviour to account and investigating more unlawful industrial action and coercion matters than its predecessor. In Perth on Wednesday, Fair Work Building Construction...

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Woman 'attacked grandchild with iron'

AN INDONESIAN woman accused of burning her eight-year-old step-granddaughter with an iron and a litany of other abuse was arrested and faces up to five years in prison, police said. The girl's father reported the alleged abuse to police, saying...

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Fast Asian growth brings disaster risks

ASIA'S fast economic growth has increased the region's vulnerability to natural disasters, with new developments springing up in catastrophe-prone areas, the UN warned. Asia-Pacific countries suffered "staggering" losses of $US294 billion ($285...

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Two Gaza militants killed in Israeli raids

ISRAELI air strikes have killed two Gaza militants as they clashed with troops from the Jewish state who crossed the border on the eve of a landmark visit to the Palestinian territory by the Qatari emir, medical sources say. The flareup on Monday...

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LA Times endorses Obama for second term

A MAJOR US newspaper, The Los Angeles Times, has endorsed President Barack Obama for a second term in the White House, saying he has brought "steady leadership" to the office. "The nation has been well served by President Obama's steady leadership....

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BBC editor steps aside over Savile probe

A TOP BBC editor has stepped aside while the broadcaster reviews its editorial decision to pull the plug on a segment about sexual abuse allegations against a prominent British children's television star, the late Jimmy Savile. The BBC said...

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School funding to stay under wraps

SCHOOLS Minister Peter Garrett has "more than a vague idea" about how the bill for school funding reform should be split between the commonwealth and states. But he has no intention of revealing the federal government's hand before negotiations....

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Baby bonus cut penalises families: Hockey

SHADOW treasurer Joe Hockey has likened the government's decision to slash the baby bonus for second and subsequent children to China's one child policy. The policy that has restricted urban Chinese families to a single child since the 1970s has...

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ANZ lags in customer satisfaction

EDS: Not to be used before 0001 AEDT Monday October 22 By Evan Schwarten SYDNEY, Oct 22 AAP - ANZ remains in bottom place among the big four banks for customer satisfaction among business clients, 10 months after provoking outrage by shifting...

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Ten appoints new chief of programming

EDS: Not for use before 0001 AEDT Monday, October 22 SYDNEY, Oct 22 AAP - Beverley McGarvey has been appointed Network Ten's new chief programming officer. Ms McGarvey has been serving as acting chief programming officer for the TV network...

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WA remains the economic powerhouse

WESTERN Australia is still the nation's economic powerhouse but a slowdown in the mining sector could lead to weaker spending and a softer jobs market. A report shows WA leads the other states in four of eight criteria over the past three months....

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Budget 12/13 surplus not necessity: Access

THE federal government's promise to bring the budget back to surplus is based more on politics than economic necessity, a leading independent forecaster says. As Labor prepares to release its mid-year budget review on Monday morning, Deloitte...

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Growth could slow in 2014 with price falls

AUSTRALIA'S growth could slow in 2014 and deliver headaches for business as commodity price falls put a brake on mining construction projects. Big mining projects that were approved a few years ago will drive output gains in the next two years,...

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