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Movie critics give two cheers for Luhrmann's Australia

Filmmaker Baz LuhrmannSydney - Neither masterpiece nor mess, filmmaker Baz Luhrmann's new cinematic epic Australia climbs above mediocrity through its cavalcade of local talent and the spectacular scenery of the Outback, critics said Wednesday.

Nanny state: Australia bails out child care provider

ABC Learning CentresAustralia's failed ABC Learning Centres Ltd on Friday got a big cash injection from the government to keep its 1,100 child care outlets open until they can be sold to rival operators.

Australian stocks sink 2.3 per cent on Wall Street worries

A fall on Wall Street undermined Australian stocks Friday, taking the bellwether index down 2.3 per cent.

The ASX 200 gave up 98 points to finish the session at 4,149.

Australian stocks pounded by Wall Street hammer

A big fall on Wall Street saw Australian stocks droop on the opening bell Thursday.

Giant Australian child-care provider collapses under debt

Australia's cash-strapped ABC Learning Centres Ltd called in the receivers Thursday after banks it owed 1.3 billion Australian dollars (910 million US dollars) called in their loans.

Australians roast Obama victory

There's an Obama blend at Campos Coffee in the hip Sydney suburb of Newtown, and on Wednesday, proprietor Will Young and his baristas were serving little else.

Pressure builds on Australia behind German doctor and disabled son

Pressure builds on Australia behind German doctor and disabled son The United Nations on Wednesday threw its weight behind a German doctor ordered out of Australia because of the cost to the taxpayer of looking after his 13-year-old disabled son.

Australia foresees sharp economic slowdown

Economic growth is to slow, the government's budget surplus is to shrink and job queues are to lengthen amid the global financial crisis, the Australian government forecast Wednesday.

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