News archive from 8 December 2013

Shadow treasurer Chris Bowen flags government stake as possible option for Qantas assistance

Shadow treasurer Chris Bowen flags government stake as possible option for Qantas assistance

Opposition treasury spokesman Chris Bowen says the Federal Government must consider all available options to help Qantas, including taking a small stake in the airline.Standard and Poor's cut the airline's credit rating to junk status a day after it...

ABC News, 12:21 in Business
 
Typhoon Haiyan: Julie Bishop announces a further $10m in aid for Philippines

Typhoon Haiyan: Julie Bishop announces a further $10m in aid for Philippines

Foreign Minister Julie Bishop has announced a further $10 million in aid to help the Philippines in the wake of Typhoon Haiyan.Thousands of people were killed and many more left without homes after the typhoon ripped across the province of Leyte last...

ABC News, 15:08 in Business
 
What is behind the Qantas-Virgin row?

What is behind the Qantas-Virgin row?

Qantas and Virgin Australia are currently engaged in a public battle over who is better off under the existing regulations that govern airlines in Australia, but what is the context to the dispute?A recent capital raising from Virgin, and the...

ABC News, 16:29 in Business
 
China records strong export growth

China records strong export growth

Official figures show China's exports grew much more strongly than expected last month as a rebound in overseas shipments gained strength on demand from the United States and Europe.The General Administration of Customs says exports have increased...

ABC News, 17:14 in Business
 
Lesbian waitress fired after 'anti-gay' receipt flap

Lesbian waitress fired after 'anti-gay' receipt flap

A US waitress who raked in thousands in donations after claiming a couple didn't tip her because she's gay was fired from her job on Saturday. Dayna Morales, 22, was finally canned from Gallop Asian Bistro in Bridgewater - nearly a month after she...

 

Holden workers unlikely to know fate for weeks as shutdown looms

HOLDEN workers will likely go into the summer holiday break not knowing their fate even though a shutdown of the iconic car factory has become a foregone conclusion. General Motors in Detroit is yet to sign off on a decision, but the closure of the...

 
Qantas too important to fail and government must look at intervention, Chris Bowen says

Qantas too important to fail and government must look at intervention, Chris Bowen says

SHADOW Treasurer Chris Bowen says Qantas is "effectively" too important to fail, and Labor would be open to the idea of the federal government intervening to help the national carrier. But the government remains unenthusiastic about stepping...

 
Holden talks set between Prime Minister Tony Abbott and SA Premier Jay Weatherill

Holden talks set between Prime Minister Tony Abbott and SA Premier Jay Weatherill

South Australian Premier Jay Weatherill says he will meet Prime Minister Tony Abbott in Canberra on Thursday about the future of Holden manufacturing operations in Australia.Mr Weatherill says he will try to convince Mr Abbott the Federal Government...

ABC News, 08:20 in Business
 
Secret East West Link report forecasts increased traffic congestion on key roads

Secret East West Link report forecasts increased traffic congestion on key roads

A report prepared for a Victorian Government body has found the East West Link tunnel will lead to an increase in traffic on some of Melbourne's key roads.Fairfax media reports the secret modelling done for the Linking Melbourne Authority shows there...

ABC News, 08:41 in Business
 
Holden closure: Kim Carr says documents show company can be saved for $150m per year

Holden closure: Kim Carr says documents show company can be saved for $150m per year

Labor's former industry minister Kim Carr says the Federal Government could save Holden for an extra $150 million per year, and secure the entire Australian automotive industry by spending an extra $300 million per year.Senior Government ministers...

ABC News, 08:57 in Business
 

Australian market set to open higher

THE Australian market looks set to open higher following strong gains on Wall Street after a strong jobs report fuelled expectations that the Federal Reserve will begin to reduce its huge stimulus soon. At 0645 AEDT on Monday, the December share price...

 

$A higher after China data, US jobs

THE Australian dollar has jumped more than three-quarters of a US cent after surprisingly strong Chinese trade data and good US jobs figures. At 0700 AEDT on Monday, the local unit was trading at 91.33 US cents, up from 90.50 cents on Friday. China's...

 

Systems glitch brings UK airspace to a standstill

A technical glitch shut down the skies virtually over the whole of the UK with hundreds of flights delayed or cancelled as technicians worked to rectify the problem at central air traffic control. National Air Traffic Services, which controls...

 
Landmark legal case will probe the link between Parkinson's disease and insecticide sprays used on long-haul flights

Landmark legal case will probe the link between Parkinson's disease and insecticide sprays used on...

LONG-haul flight attendants who have been forced to spray insecticide through aircraft cabins every time they landed in Australia fear the chemicals may have given them Parkinson's disease. And experts have warned any frequent international flyer...

 
Paul Walker fan arrested after stealing a piece of police evidence from crash site

Paul Walker fan arrested after stealing a piece of police evidence from crash site

AN 18-year-old man has been arrested for stealing a piece of the wreckage from Paul Walker's fatal crash. Jameson Witty allegedly took the roof panel of the red Porsche Carrera as Police were transporting the remains of the car on a tow truck on...

 
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