News archive from 4 December 2013

National Party seats to be slugged by superannuation changes

National Party seats to be slugged by superannuation changes

The Australia Institute says voters living in National Party seats have most to lose if a low-income superannuation scheme is scrapped.The think tank used 2011 census figures to work out what proportion of each electorate would be affected by plans to...

ABC News, 11:42 in Business
 
Australian economy grows 0.6 per cent in September quarter, annual GDP growth rate at 2.3 per cent

Australian economy grows 0.6 per cent in September quarter, annual GDP growth rate at 2.3 per cent

Australia's economic growth has fallen short of forecasts, with the nation's gross domestic product edging up by 0.6 per cent in September quarter.The Australian Bureau of Statistics figures show the the annual growth rate is now at 2.3 per cent....

ABC News, 11:42 in Business
 
Rio Tinto stands aloof from claims of legal action

Rio Tinto stands aloof from claims of legal action

Mining company Rio Tinto remains silent about claims there are legal problems associated with the planned closure of its Gove alumina refinery. Australian Workers Union representatives met with the Northern Territory Government yesterday and raised...

ABC News, 13:01 in Business
 
Transparency International ranks the most corrupt countries in the world

Transparency International ranks the most corrupt countries in the world

AUSTRALIA is clean but New Zealand is almost squeaky-clean, graft watchdog Transparency International says in a just-released survey. Afghanistan, North Korea and Somalia are seen as the world's most corrupt countries while Denmark with New Zealand...

 
GDP up 0.6% in September quarter

GDP up 0.6% in September quarter

AUSTRALIA'S economy grew by 0.6 per cent in the September quarter, official figures show. Gross domestic product (GDP) growth for the 12 months to September was 2.3 per cent, in seasonally adjusted terms, the Australian Bureau of Statistics (ABS) said...

 
Economist Saul Eslake hails growth data the best news for Tasmania in two years

Economist Saul Eslake hails growth data the best news for Tasmania in two years

An economist describes the latest economic growth data for Tasmania as the best news in two years.The Bureau of Statistics figures show Tasmania's economic growth, or final state demand, rose by 0.5 per cent in the September quarter. It comes just one...

ABC News, 13:34 in Business
 
WA Premier Colin Barnett at odds with Transport Minister Troy Buswell over light rail

WA Premier Colin Barnett at odds with Transport Minister Troy Buswell over light rail

The Premier Colin Barnett denies he is at odds with the Transport Minister Troy Buswell over the construction of a light rail project.The $1.9 billion project was initially due to be completed by 2018, and was pitched as a way to connect Mirrabooka to...

ABC News, 13:38 in Business
 
Geelong workers to get training for jobs of the future

Geelong workers to get training for jobs of the future

A new report has identified health, disability services and advanced manufacturing as central to the future of Geelong.The Government will spend $4.6 million on phase one of the Skilling the Bay project, in conjunction with the Gordon TAFE and Deakin...

ABC News, 13:59 in Business
 
Titanium parts for Joint Strike Fighters to be made by BAE Systems in Adelaide

Titanium parts for Joint Strike Fighters to be made by BAE Systems in Adelaide

An advanced machining facility to make titanium parts for the F-35 Joint Strike Fighter aircraft has been officially opened in Adelaide.BAE Systems is making 30 separate parts for the vertical tail fin of the jets. Its $8 million Starrag BTP5000...

ABC News, 14:05 in Business
 
Japan food scandals, poor regulation hurting premium food export push

Japan food scandals, poor regulation hurting premium food export push

Japan is hoping to turn its reputation for expensive high-quality food into an export boom, to help kickstart the the country's economy.Japan wants to double its shipments of agricultural, marine and forestry products by 2020. Nearly three-quarters of...

ABC News, 14:14 in Business
 
Chinese agribusiness takes controlling stake in Queensland beef producer Kilcoy Pastoral Company

Chinese agribusiness takes controlling stake in Queensland beef producer Kilcoy Pastoral Company

China's largest privately-owned agribusiness has taken a majority stake Australia's fourth biggest beef processor for an undisclosed sum.The New Hope Investment Fund's decision to make an investment in Queensland's Kilcoy Pastoral Company coincides...

ABC News, 14:27 in Business
 
Gold Coast Mayor Tom Tate rejects conflict of interest over high-rise development in Surfers Paradise

Gold Coast Mayor Tom Tate rejects conflict of interest over high-rise development in Surfers Paradise

Gold Coast City Mayor Tom Tate has rejected suggestions there is a potential conflict of interest over a proposed high rise development in Surfers Paradise.A former political rival and councillor, Susie Douglas, says the future of land that Councillor...

ABC News, 14:43 in Business
 
Private Aaron Gardiner dreams of a dramatic career change

Private Aaron Gardiner dreams of a dramatic career change

HE'S a digger by day and aspiring actor by night. A stint off work sick earlier this year may have steered Private Aaron Gardiner towards a dramatic career change. The 26-year-old from the Royal Australian Corps of Signals says he 'had a crack' at...

 
Revealed: The best and worst ads of 2013

Revealed: The best and worst ads of 2013

THEY can be amazing. Or downright awful. News.com.au asked global advertising agency DDB Sydney to come up with their best and worst advertisements of 2013. Take a look at their list and add your own in the comments below. THE BEST Dove Camera Shy -...

 
What happens if Detroit goes bankrupt?

What happens if Detroit goes bankrupt?

IN the glory days of American culture Detroit was a shining city renowned for its manufacturing and steady stream of blue collar jobs. But overnight the city was declared eligible for Chapter 9 bankruptcy, in the largest ever municipal case the US has...

 
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