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Labour to cut deeper than Thatcher
2:02PM BRITAIN'S Finance Minister conceded a re-elected Labour government would make "deeper and tougher" spending cuts than in the early days of Margaret Thatcher.
Vatican defends Pope in abuse scandal
9:13AM THE Vatican has defended Pope Benedict XVI against an allegation that he failed to act over a US priest accused of molesting up to 200 deaf children.
Mexican police nab 'King of Heroin'
12:13PM MEXICAN police have arrested a suspected top supplier of heroin to the US known as "The King of Heroin".
Bruni fears for Sarkozy's health
9:12AM Charles Bremner CARLA Bruni does not want President Sarkozy to run for a second term in 2012 because she fears for his health under the pressure of the job.
Congress fights over death threats
10:20AM US Congress has united to denounced threats and violence aimed at politicians who voted for Barack Obama's healthcare overhaul, but feuded bitterly over who was to blame.
Prince Charles visits Afghanistan
9:41AM NAD ALI, Afghanistan: Prince Charles has paid tribute to his country's forces in Afghanistan during a surprise visit to the frontline of a war that has claimed hundreds of British lives.
Miclyn wobbles may weaken IPO market
5:02PM Michael Bennet MICLYN Express Offshore gave up early gains to close flat, putting a dampener on Australia's initial public offering market.
Two-speed global recovery worries RBA
9:52AM James Glynn GLENN Stevens says the two-speed global economic recovery will present challenges, particularly with V-shaped recoveries in some areas.
Japanese deflation tightens grip
3:09PM UPDATE: Megumi Fujikawa JAPANESE consumer prices have fallen for the 12th straight month, as deflation tighten its grip on the world’s second biggest economy.
Stocks fight back to end higher
4:48PM THE Australian sharemarket fought back to close slightly higher after early losses, but the rebound failed to help the Australian dollar.
Ten secures NBL broadcast rights
12:52PM EXCLUSIVE: James Chessell TEN Network is poised to announce it has secured the rights to broadcast the National Basketball League for the next five years.
MMC buys wealth assets for $195m
11:58AM Bill Lindsay MMC Contrarian plans to raise $73 million to fund the purchase of life insurance and wealth management assets for $195 million.
Ten secures NBL broadcast rights
12:52PM EXCLUSIVE: James Chessell TEN Network is poised to announce it has secured the rights to broadcast the National Basketball League for the next five years.
Kubica sets early pace at Albert Park
4:49PM RENAULT’S Robert Kubica was fastest in o today’s practice ahead of the Sunday's Australian Grand Prix.
Sharks circle Tim Smith
3:28PM NRL strugglers Cronulla is deep in negotiations with the Brisbane Easts over a release for former Parramatta star Tim Smith to join the Sharks.
Meares leads Australia's golden run
8:25AM ANNA Meares was at it again as Australia enjoyed another golden night at the track cycling world championships in Copenhagen.
Allenby in the hunt at Bay Hill
1:25PM ROBERT Allenby made a spectacular long range eagle as he put himself on the leaderboard after the first round of the Arnold Palmer Invitational.
Fanning quick to put pro behing him
4:12PM Cassandra Murnieks AFTER an uncharacteristic performance at last month's Quiksilver Pro two-time men's world surfing champion Mick Fanning is seeking atonement.
Wong turns tap on Joyce water torture
11:13AM Joe Kelly LABOR has stepped up its pressure on Barnaby Joyce, bombarding him with questions on water policy a day after he was dumped as Opposition finance spokesman.
Brown hits back as Tanner slams Greens
3:47PM Joe Kelly BOB Brown has hit back after Lindsay Tanner slammed the Greens for “doing nothing” and having the luxury to campaign on progressive issues.
Buswell undermines Swan on health talks
2:44PM Joe Kelly and AAP WEST Australian Treasurer Troy Buswell has shot down Wayne Swan's positive take on health talks with the states today.
Boatpeople fly out as 70 more arrive
3:49PM Paige Taylor and Joe Kelly A GROUP of 51 asylum-seekers without visas left Christmas Island on a special charter jet today as two more boatloads were brought ashore.
Keneally rides out debate jitters
2:32PM Imre Salusinszky, NSW political reporter NSW Premier Kristina Keneally stressed her experiences as a working mother today in her first public debate against Opposition Leader Barry O'Farrell.
Joyce ousted for steady Robb
Sid Maher and Nicolas Perpitch TONY Abbott has eliminated the risk of election-campaign economic gaffes from Barnaby Joyce, dumping the maverick Queenslander as opposition finance spokesman.
Vic Police halts database overhaul
1:31PM Correspondents in Melbourne A multi-million-dollar overhaul of the Victoria Police criminal database has been suspended over potential cost blow-outs and ongoing problems.
BlueScope Steel keeps faith in CSC
9:20AM Fran Foo AUSTRALIA'S largest steel maker, BlueScope Steel, has extended its multi-million-dollar IT contract with CSC that could last up to eight years.
Wall St Journal sets price for iPad
9:07AM THE Wall Street Journal plans to charge $US17.99 ($19.83) a month for a subscription to the newspaper on Apple's upcoming iPad.
Steve Jobs tops global CEO study
8:35AM John Durie APPLE boss Steve Jobs has emerged as the top-ranked chief executive in an Insead/Harvard study of the top 200 global bosses.
NBN too important to play politics
Matthew Stevens NO one should doubt Stephen Conroy when he says the national broadband network can be built without Telstra.
Industry welcomes clarity on NBN wholesale terms
12:49PM Mitchell Bingemann THE telecoms industry has thrown its support behind the NBN Co's decision to put to bed arguments for the company to offer more complex services.