Melbourne, Nov 26 : The new policy of giving only one warning before firing someone may help Australia avoid a recession, but it will still make people lose their jobs, warns the OECD.

The new workplace regime does away with the old workplace law of getting three warnings before you are fired, and Small Business Minister Craig Emerson stated that just one warning would be enough.

The new law, which also prevents any unfair dismissals and is an important concession to small businesses, is applied to any employee who commits theft, fraud or violence in the workplace.

“You just say you''re finished,” News. com. au quoted Emerson as telling ABC Television.

Raheel Sheikh, a prime suspect in the case of July 11, 2006, Mumbai serial blasts was detained by the British Interpol on Tuesday.

Raheel Sheikh, who is supposed to have strong links with the Pakistan-based jihadi outfit, Lashkar-e-Taiba (LeT), is alleged to be one of the masterminds of the conspiracy and is also alleged to be involved in the funding of the bombings that killed 200 and wounded another 700.

Petaling Jaya (Indonesia), Nov. 26 : Indonesia will not follow Malaysia’s move to ban Muslims from practicing yoga.

According to The Star, the Indonesian Ulema Council (MUI) said this was because it did not know the extent to which the exercise is practiced in Indonesia.

MUI deputy chairman Umar Shihab said more research had to be done before a decision can be made to prohibit yoga.

“It is okay if it’s for sport but I do not know if it is proven that it can destroy our beliefs as Muslims or contains ideas of polytheism,” Umar was quoted by The Jakarta Post as saying earlier this week.

He said the council did not carry out any study on yoga, as it had not received any objection from the public.

Beijing - China's central bank lowered its interest rate Wednesday - the fourth time since mid-September - to help ease the impact of the global financial crisis and aid economic growth.

The People's Bank of China said the benchmark rates for one-year loans and deposits will both fall by 1.08 percentage points, bringing the cost of one-year borrowing to
5.58 per cent and one-year deposit rates to 2.52 per cent.

The central bank also slashed the reserve requirements by 1 percentage point for six big banks, down from 17 per cent, and by 2 percentage points for smaller banks, down from 16 per cent.

Finally a verdict has been passed in Hannah Foster case. Ex-van driver Maninder Pal Singh Kohli was found guilty of the rape and murder of 17-year-old student Foster, and sentenced to life imprisonment.

The incident had happened in 2003 when Indian national Maninderpal Singh Kohli raped and murdered Hannah Foster, 14 March 2003, in the city of Southampton and then fled to India. Two days later Hannah's body was found strangled and lying in a ditch by the side of a road, a short distance from her home.

The Indian Navy might be very proud of pulling down a Somali pirate 'mother ship', but it seems that there might have been some damages as by product. On Tuesday, a Thai ship owner, Wicharn Sirichaiekawat, claimed that Indian Navy's INS Tabar might have sunk off its fishing trawler Somalia's coast, mistaking it for a pirate ship. The owner said that the ship was missing along with 14 sailors.