Australia

Australian Foreign Minister on five-day visit to India

New Delhi, Sept. 8 : Australian Foreign Minister Stephen Smith will visit India from September 8 to September 12. This will be his first visit to India as his country''s Foreign Minister.

Speaking ahead of his visit, Smith said: "My visit reflects Australia’s intention to take India to the front line of its international relationships. In New Delhi, I will meet my counterpart, Minister of External Affairs, Mr Pranab Mukherjee. He and I will continue the broad-ranging and productive talks we had in June when I hosted Mr Mukherjee in Canberra for the fifth Australia-India Foreign Ministers’ Framework Dialogue."

‘Toxic time bomb’ ticks away near copper mine in Papua New Guinea

Canberra, September 8 : Scientists have warned of a ‘toxic time bomb’ ticking away near one of the world’s largest copper mines in Papua New Guinea, which they say is a potential environmental disaster waiting to happen.

According to a report by ABC News, Melbourne-based river scientist Dr Ian Campbell is concerned about large areas downstream from Papua New Guinea’s Ok Tedi mine being affected by acid mine drainage.

Campbell said that sulfur-laden mine waste has built up in and around the Fly River, and if the river’s floodplains dry out, this could trigger a mass poisoning of animals and plants.

Australia baulks at selling uranium to India

Australia baulks at selling uranium to India Sydney - Australia will not sell uranium to India despite voting with other members of the Nuclear Suppliers Group (NSG) to end a 34-year embargo on nuclear trade with Delhi, officials said Monday.

Prime Minister Kevin Rudd took office in November pledged to withhold uranium sales so long as India remains outside the Nuclear Non-Proliferation Treaty (NPT). John Howard, his conservative predecessor, held that India's refusal to sign the NPT should not debar it from importing uranium from Australia, custodian of 40 per cent of the world's known reserves.

Australian shares rocket 3.7 per cent

Australian shares rocket 3.7 per centSydney - Australian shares l

US government seizes control of Fannie, Freddie

Washington - US government seizes control of Fannie, FreddieThe US government seized control of Fannie Mae and Freddie Mac Sunday, seeking to deflect the rising threat of mortgage defaults to the two companies that manage about half of the US home loan market.

US President George W Bush indicated the urgency of the situation, saying that the takeover would "prevent a disruption of our financial system."

The Federal Housing Financing Agency (FHFA) is taking over Fannie and Freddie under a so-called conservatorship and replacing their chief executives and eliminating their dividends.

Oz govt to give emotionally wounded kids ‘cash boost’

Melbourne, Sept 7 : In a bid to support children dealing with the breakdown of their parents'' relationship, Australian government has decided to sanction a funding of
17 million dollars for the next three years.

The money will be used to expand and/or create 18 separate services to support children displaced and emotionally wounded by their parents'' divorce, said Attorney-General Robert McClelland.

Adding on to the proposed ones, there will be other services that are already part of the Supporting Children after Separation Program.

More services will be added depending upon the advice to the government and funding applications.

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