Australia

Australia interested in comprehensive FTA with India

Simon CreanNew Delhi, Oct. 16 : Australia''s Trade Minister Simon Crean has said that his country is interested in a comprehensive pact with India that covers all the sectors, including services.

"I think that is a matter of discussion following feasibility study. I expect it to say there will be bigger benefits to both countries if the agreement is comprehensive," Crean said.

He said that Australia is keen on a Free Trade Agreement (FTA) with India, but the agreement needs to be comprehensive and covering all sectors.

Hookers make hay while sun sets on stock markets!

Hookers make hay while sun sets on stock markets!Melbourne, Oct 16 : Due to the shaky global economic situation, businesses of all kinds are suffering, except for one – brothels.

Brothels in Australia haven’t yet felt the jitters of the fiscal crisis, with sex workers still raking in the moolah.

According to the brothel owners, sex is a consumer need like tobacco, for which demand remains strong despite an economic slump.

Australian stocks track Wall Street, fall 7.1 per cent

Australian stocks track Wall Street, fall 7.1 per centSydney - Investors piled out of Australian stocks Thursday in response to Wall Street registering its biggest one-day percentage loss in 20 years.

The ASX 200 fell 286 points, or 7.1 per cent, to 4,013.

The US market buckled on fears that the global financial turmoil would lead to a recession.

Macquarie Bank economist Martin Laycoss said the slippage was a "follow-through from Wall Street's 7.8-per-cent fall. It was impossible for us to ignore that."

Emirates jet makes emergency landing in Perth

Emirates jet makes emergency landing in Perth Sydney - An Air Emirates flight to Dubai returned to Perth Thursday and made an emergency landing in the east coast Australian city after experiencing a "technical issue."

The Airbus 340-500 carrying 122 passengers landed safely two and a half hours after taking off from Perth.

Malcolm Bradshaw - spokesman for the Westralia Airports Corp, the owner of Perth's airport - said there had been a "technical issue" aboard Flight EK425. He could not confirm reports the crew reported smoke in the cockpit.

Wanted: Sponsorship for gay Australian athlete

Wanted: Sponsorship for gay Australian athleteS

Australian stocks track Wall Street down

Australian stocks track Wall Street downSydney - Investors fled Aus

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