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Exports solution for car industry Abbott
GREATER exports are the way forward for the local car industry, with the loss of manufacturing by Ford a "kick in the guts", Opposition Leader Tony Abbott says. Ford's announcement it will end local manufacturing operations in three years will result in the loss of 650 jobs at Broadmeadows, in northern Melbourne, while 510 will be put out of work at the company's Geelong ...
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Ford will help workers who lose jobs CEO
Ford Australia will work with governments to see how it can contribute to a transition package for workers who lose their jobs in 2016, the company's president and CEO Bob Graziano says.But Mr Graziano would not say how much Ford might contribute to the multimillion dollar government package."I want to get with the governments to understand what they are proposing and then we will come ...
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Australia coal firms dig in for years of mine closings job cuts
A bucket wheel reclaimer collects ore at the BHP Billiton iron ore loading facility in Port Hedland, about 1,600 km north of Perth, in this May, 2008, file photo. Australian coal miners are steeling themselves for years of production cuts, job reductions and asset sales as swelling shipments from international rivals lower hopes of a recovery in prices for coal. (TIM ...
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Rolf Harris bailed again until August
Rolf Harris' hopes that police were about to drop their investigation into sex abuse allegations have been dashed, with his bail renewed until ...
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ACTU calls for emergency talks on car industry after Fords decision to close Australian plants
The news that the Ford plants at Broadmeadows and Geelong will shut in 2016 has prompted calls for high level government and business talks, as well as an emergency boost to tariffs on imported cars.The ACTU is urging the Prime Minister, the industry and unions to convene urgent talks to draw up a survival strategy for Australia's car industry and to minimise job losses.The focus is now on ...
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Fatal milk truck crash causes traffic chaos on Sydneys Parramatta Road
Croydon 2132 Sydney's Parramatta Road is closed this morning after a milk truck crashed into a shopfront in the city's inner west late last night, killing the driver.Police say the truck ploughed into the shop in Croydon and burst into flames about 11:30pm.The accident has closed the major arterial in both directions and diversions are in place.Dave Wright from the Transport ...
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More tributes for the late Hazel Hawke
Hazel Hawke has been remembered as a beautiful soul and a great Australian, as tributes continue following the death of the ex-wife of former prime minister Bob Hawke. Mrs Hawke died on Thursday aged 83, after a battle with Alzheimer's disease. "She had a special grace and a beautiful soul," opposition communications spokesman Malcolm Turnbull told the Nine Network on Friday. ...
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$A bounces up from one-year low
The Australian dollar has surged more than one-and-a-half US cents higher from Thursday's low point, as the US dollar lost ground against all the major currencies. At 0700 AEST on Friday, the Australian currency was trading at 97.52 US cents, up from 96.23 cents at Thursday's close. It was up 1.58 US cents from its low of 95.94 US cents on Thursday afternoon, the Australian ...
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Stocks to watch on Friday
Stocks to watch on the Australian stock exchange on Friday, May 24: AAC - AUSTRALIAN AGRICULTURAL COMPANY LTD - down one cent at $1.10 Cattle farmer Australian Agricultural Company (AACo) is continuing to negotiate the sale of a major piece of land in Queensland after it was passed in at auction. BTU - BATHURST RESOURCES LTD - steady at 17.5 ...
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$A rebounds from one-year low
The Australian dollar has surged more than one-and-a-half US cents higher from Thursday's low point, as the US dollar lost ground against all the major currencies. At 0700 AEST on Friday, the Australian currency was trading at 97.52 US cents, up from 96.23 cents at Thursday's close. It was up 1.58 US cents from its low of 95.94 US cents on Thursday afternoon, the Australian ...
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Tributes flowing for Australias first lady
View all 17 photos One of Australia's most loved figures, Hazel Hawke, has died at the age of 83. Her daughter, Sue Pieters-Hawke, announced on behalf of the family on Thursday night that Mrs Hawke had died peacefully, surrounded by family. The family had been with Mrs Hawke during her last days as she finally succumbed to complications of dementia, Ms Pieters-Hawke said. ''The ...
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Sydney may miss out on major events oppn
MAJOR events could bypass Sydney, costing the state hundreds of millions of dollars, because a deal to construct a temporary convention centre has ...
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Suspended ABC caller reinstated after joke
ABC rugby league caller David Morrow has been reinstated after being suspended earlier this month for broadcasting remarks condemned as ...
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Dollar rebounds from one-year low
THE Australian dollar has surged more than one-and-a-half US cents higher from yesterday's low point, as the US dollar lost ground against all the major ...
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Ford to retire Falcon when Australia plant closes in 2016
Ford Motor Co. will shed 1,200 jobs when it ends auto manufacturing in Australia in 2016, but ...
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RPT-Australias Crown selling entire 10 pct stake in rival Echo-source
Thu May 23, 2013 5:54pm EDT (Repeats story from late Thursday; no change to text) SYDNEY May 23 (Reuters) - Australian casino company Crown Ltd is selling its entire 10 percent stake in rival Echo Entertainment Group, the operator of Sydney's sole casino, a source with knowledge of the sale said. Crown is seeking in a book build through UBS to sell 82.5 million Echo shares at A$3.20 each, or ...
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Govt supports car industry says Bradbury
The federal government is committed to continuing its support for the car industry despite Ford's decision to cease operations in Australia, Assistant Treasurer David Bradbury says.Ford Australia will cease its manufacturing operations at its Broadmeadow and Geelong plants in October 2016, after making after-tax losses of $141 million in the past financial year, and a $600 million loss over ...
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As Ford quits Australia a challenge for Canada
Ford Motor Co.'s decision to pull the plug on its Australian auto-making operations highlights the struggles of that country's manufacturing sector in the face of a currency bloated to the point of uncompetitiveness by its excessive exposure to commodity ...
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Australia to PH aid totals P5.7B
Australian ambassador to the Philippines Bill Tweddell (right) with former Australian premier John Howard. Tweddel said the Australian government is increasing its aid to the Philippines this year. AFP FILE PHOTO/SAEED KHAN MANILA, Philippines--The Australian government is increasing its aid to the Philippines this year to pour greater funding into basic services, education reform, ...
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Cadel Evans left behind as Nibali extends Giro dItalia lead
Italy Vincenzo Nibali took a giant step towards his maiden Giro d'Italia triumph by smashing his rivals on his way to winning a rain-soaked 18th stage uphill time trial from Mori to Polsa on Thursday.Australian Cadel Evans began the day only one minute, 26 seconds behind the Italian, but the 2011 Tour de France champion flattered to deceive on his way to a 25th place at 2:36 ...
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Demise of Ford leaves nations car industry in peril
Australia's loss-making car industry is under threat and risks closure following Ford's move to end nearly 100 years of local manufacturing. The decision comes as Ford revealed fresh losses of $141 million and as the ACTU warned of up to 10,000 jobs being shed across the industry. The iconic Falcon brand will cease to exist. Despite receiving hefty government subsidies, the three ...
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Man dies after Sydney truck crash
Police say the crash happened about 11.30 pm (AEST) on Thursday on Parramatta Road at Croydon.The truck driver, who was trapped inside the wreckage, died at the scene.Parramatta Road will remain closed for "the immediate future" while the truck is removed, police say.The Transport Management Centre (TMC) expects the road to stay closed in both directions for several hours."(It) ...
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ACTU wants crisis talks on car making
AUSTRALIA'S trade union movement wants the government to hold a crisis meeting on the future of local car manufacturing following Ford's decision to end domestic production. Ford announced on Thursday around 1200 workers would lose their jobs at the US company's Australian subsidiary's two plants in Victoria by October 2016. Australian Council of Trade Unions secretary Dave ...
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Vietnam nationals caught after Qld escape
SEVEN Vietnamese nationals who broke out of a remote Cape York detention centre have been caught in Cairns. The group are understood to have climbed over a fence at the Scherger detention centre, about 15km east of Weipa, on Thursday. "The circumstances of how they escaped are still unclear," a Department of Immigration spokeswoman told AAP. It's believed the group then managed to ...
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Qantas enlists authors to write books that match flight times
Calling the airplane the final bastion for the old-fashioned paperback novel, Aussie airline Qantas is launching a series of specially written books that can be read from start to finish within the duration of the flight. Aimed at appealing to the carrier's frequent flyers -- most often business travelers -- the strategy is meant to strengthen the brand's image as a ...
Melbourne Featured
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Melbourne will be IT capital of country
Melbourne has been selected by the federal government as the location where the NBN’s operations centre will be headquartered, setting the stage for the city to become the IT, technology and communications capital of Australia.
Melbourne has a long-running rivalry with Sydney and, to a lesser degree, Perth. The two biggest cities in Australia competed intensely to be designated the capital in the early 20th century and Canberra was built from scratch and designated the national capital in large part because of such rivalry, but now Melbourne is set to have something that Sydney will not, the city has been officially chosen as the centre of operations for the ground-breaking National Broadband Network. Analysts and city leaders see the decision as one which will in time make Melbourne the IT hub of the country. Read more
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