Two cyclones could form off Qld's coast

TWO cyclones are predicted to form on either side of Queensland and hit land within days. The Bureau of Meteorology (BoM) has issued warnings for two tropical lows, each on either side of the state's peninsula. The first is expected to cross...

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Planning minister welcomes overseas buyers

OVERSEAS investment which could see a proposed mini-city built in Melbourne's western suburbs should be welcomed, not feared, Victoria's planning minister says. A Southeast Asian developer plans to build a residential and commercial centre in...

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Australians on board missing plane

A search and rescue mission is underway for a Malaysia Airlines flight, which has lost contact with air traffic control. Flight with 227 passengers and 12 crew on board missing ... Malaysia Airlines service bound for...

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O'Farrell backs Cootes ban threat

TRUCKING company Cootes Transport is considering taking legal action over a NSW government threat to ban it from the state's roads. Roads Minister Duncan Gay has given the company 14 days to explain why its trucks shouldn't be suspended or banned...

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Qld ex top cop in claims over wife's grant

Queensland's former police commissioner is under scrutiny over allegations surrounding a grant. Source: AAP QUEENSLAND'S former police commissioner is under scrutiny over allegations he helped his wife secure a research grant without declaring...

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Medium-term outlook a worry: Stevens

RESERVE Bank boss Glenn Stevens has urged Australia's political leaders to start a "serious conversation" about government debt before it becomes a real problem. The central bank governor's appearance before federal politicians of the House Economics...

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Ai Group seeks less haste to fix budget

The Australian Industry Group group's Innes Willox (R) is seeking less haste to balance the budget. Source: AAP A KEY industry group is concerned that in a rush to get the budget back in order, the federal government will cut measures and...

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Garrett to front insulation scheme inquiry

Former Labor minister Peter Garrett will appear at the royal commission into the insulation scheme. Source: AAP FORMER Labor government minister Peter Garrett has been granted leave to appear at the royal commission into the botched insulation...

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Retail trade strong but maybe not for long

IT'S clear that growth in consumer spending has picked up, but there's a risk the surge may be short-lived. The value of retail turnover rose by 1.2 per cent in January. It meant an increase of 4.8 per cent over the six months to January - more...

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Buyers will come after Qantas, experts say

WHO in the world would want to buy Qantas? Quite a few people, it seems, who could look past the $252 million loss, the $2 billion cost overhang and the hemorrhaging international operations to see a lucrative domestic operation. The federal...

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Don't assume we're Asia's food bowl: Joyce

Barnaby Joyce has warned that being Asia's food basket won't be handed to Australia on a plate. Source: AAP AGRICULTURE Minister Barnaby Joyce has warned Australia must produce quality products and should not assume it will be the food basket...

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RBA's rate unchanged as economy improves

THE Reserve Bank of Australia has kept the cash rate at 2.5 per cent, amid signs that the local economy is starting to improve. The decision was expected, after RBA governor Glenn Stevens said a month ago that the board would not be changing the...

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Mining sector still driving growth

COMPANY profits have risen for the fourth consecutive quarter, with mining and resources still playing a big part in driving economic growth, but other sectors are still dragging their feet. Company gross operating profits rose 1.7 per cent in...

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Praise for Indon film despite Oscar snub

A DOCUMENTARY about a bloody and troubling chapter of Indonesian history has been overlooked for an Oscar but is still being lauded as a milestone on the long path to reconciliation. The Act of Killing, by US filmmaker Joshua Oppenheimer, won...

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Bill to scrap climate authority fails

THE first of the Abbott government bills to scrap the carbon tax has been defeated in the Senate. Legislation to dismantle the Climate Change Authority was knocked back in the upper house on Monday by Labor and the Australian Greens. It is...

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Scottish power station emissions drop

GREENHOUSE gas emissions from Scotland's power stations have fallen by more than a third in five years. Environment minister Paul Wheelhouse says emissions dropped from the equivalent of 18.484 million tonnes of carbon dioxide in 2006 to the...

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Cyclist killed on Victorian highway

A man has died after being hit while cycling along the Murray Valley Highway in Victoria. Source: AAP A 47-YEAR-OLD man has been struck and killed while cycling home from a party in the Victorian border town of Yarrawonga in the state's north....

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Police release image over Vic kidnap bid

AN image has been released of a man police want to speak to about an attempted abduction of a boy from a Melbourne playground. The six-year-old boy was in the playground on Dempster Way in Narre Warren when he was approached by an unknown man...

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