Sydney - Australian Prime Minister Kevin Rudd on Wednesday chided Wall Street investment banks for their "obscene failures" and promised to provide the world with a new set of rules for corporate governance.
"As a government and as a nation, we must respond to the twin evils which are at the root of this malaise - greed and fear," Rudd said.
He offered to draw up new banking regulations that could become "a template for the rest of the world" in dealing with what he called "extreme capitalism."
The prime minister also pledged to limit the pay of bank bosses.
Sydney - Australia on Wednesday placed further sanctions on Iran but dropped plans to hold President Mahmoud Ahmadinejad to account for his anti-Semitic pronouncements.
Foreign Minister Stephen Smith said Canberra was "deeply concerned" at Iran's refusal to suspend uranium enrichment and other activities as required by multiple UN Security Council resolutions.
Australia has repeatedly urged Iran to cooperate with inspections by the International Atomic Energy Agency (IAEA) to show it is only using uranium for peaceful purposes.
Smith announced financial sanctions on individuals and organizations deemed essential Iran's nuclear and missile programmes.
Melbourne, October 15 : American authorities have frozen the assets of a New Zealand man living in Australia, who has been implicated in the world’s largest spam e-mail operation.
The US Federal Trade Commission (FTC) fingered Lance Atkinson, 26, who lives in Pelican Waters in Queensland, as a ringleader of the network that was responsible for sending out billions of unsolicited emails in recent years.
The commission, which has been successful in having the spam network shut down, had requested a US district court in Chicago to freeze Atkinson’s assets.
Earlier studies showed that use of herbal medicines for treatment for various aliments has sharply increased among Australians. Recent study showed that Aloe Vera, garlic and green tea scored topmost positions on the popularity charts of herbal medicines. The study was done by Charlie Xue of RMIT University.
Recent findings were based on data, collected from 2526 people in Victorian state of Australia. The study subjects were surveyed on the use of 24 commonly used herbal medicines.
Melbourne, Oct. 14 : Air investigators have blamed a faulty computer system for the terrifying mid-air plunge of a Qantas flight between Singapore and Perth last week.
A fault in the Airbus A330-300''s air data inertial reference system is believed to have led to erroneous information being sent to its flight control computer, causing the autopilot to shut down.
The aircraft was cruising at 37,000 feet when the fault occurred, causing it to descend up to 650 feet in seconds.
Sydney- A computer malfunction was Tuesday blamed for a Qantas passenger jet en route from Singapore to Perth plunging in altitude and injured 46 passengers a week ago.
The Airbus A330 serving the October 7 flight suddenly lost altitude and made an emergency landing at Learmonth military base, 1,260 kilometres north of Perth.
Earlier studies showed that use of herbal medicines for treatment for various aliments has sharply increased among Australians. Recent study showed that Aloe Vera, garlic and green tea scored topmost positions on the popularity charts of herbal medicines. The study was done by Charlie Xue of RMIT University. 
Melbourne, Oct. 14 : Air investigators have blamed a faulty computer system for the terrifying mid-air plunge of a Qantas flight between Singapore and Perth last week.
Sydney- A computer malfunction was Tuesday blamed for a Qantas passenger jet en route from Singapore to Perth plunging in altitude and injured 46 passengers a week ago.
