Australia Denounces Greenpeace’s Damaging Ad Campaign in Indian Daily
The Australia n government criticised on Friday ongoing efforts by interest organisations in India to curb the flow of India n investments to coal mining projects into the country, specifically in Queensland. Federal Treasurer Wayne Swan denounced on Friday local advertisement that saw publication today in India that were reportedly paid for by global environmental activist Greenpeace, with solid backings from BackTrack and GetUp. The ad, which the Australia n Associated Press (AAP) said was run by The Financial Times, obviously aims to discourage Indian investors from participating in business ventures that were mainly geared in the resource-rich Queensland
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NSW to Axe Jobs of 10,000 Public Servants?
Australia's growing unemployment problem may even worsen in the coming months as more job cuts loom, including in the public sector. Amid Thursday's announcement that the unemployment rate slightly rose to 5.1 per cent from 5 per cent, reports said New South Wales (NSW) plans to axe the jobs of 10,000 public workers. The job cut is NSW Treasurer Mike Baird's strategy to address the state's $826 million budget deficit for the coming financial year.
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Global Stocks Rise After China Rate Cut
Global stocks rose Thursday after China unexpectedly cut its primary interest rate by 25 basis points in the face of a slowing economy. The Dow Jones Industrial Average was up 98.84 points, or 0.80 percent, to 12,513.63 points in mid-Thursday trading. The Nasdaq was up 7.26 points, or 0.27 percent, to 2,850.69.
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