Maldives joins regional search for MH370 debris

Sydney, Aug 10 : The Maldives has joined a regional search for missing Malaysian Airlines flight MH370 debris following reports of unidentified wreckage spotted by islanders.According to News.com.au, Maldivian police have reported several sightings of wreckage washed up along the northern atolls of the archipelago.Some of the wreckage occurred about a month ago but was […]

Australia suggests Vegemite sales limit amid ‘alcohol abuse’

Sydney : Australia’s government says some communities should consider limiting the sale of the popular Vegemite spread because it is being used to make alcohol. It says the yeast-based product is contributing to anti-social behaviour in some remote communities.Indigenous Affairs Minister Nigel Scullion described the salty spread as a “precursor to misery”.He said it was […]

Adani’s Australian coal prospects in doubt

Sydney : An Australian court’s decision last week to overturn approval for a giant coal mine in Queensland is the latest stumbling block for Indian company Adani’s multibillion-dollar venture.Long before the Federal Court of Australia overturned government approval for the Carmichael coal project, international banks had steered clear of investing in the project. Policy confusion […]

$38b share market slide led by major bank slump

Sydney : More than $38 billion was wiped off the value of Australian stocks on Friday, led by ANZ’s worst one-day share plunge since the global financial crisis. ANZ shares slumped 7.5 per cent to $30.14 after the bank on Thursday tapped shareholders for up to $3 billion in extra funds.It set a minimum price […]