Search Results for: australia

Australian military kills more civilians in Iraq

Australian military kills civilians Iraq

The Australian defence force says allegations that an air force bomb in Mosul, Iraq, killed civilians are “credible”. The Australian Super Hornet airstrike last year is said to have killed two civilian adults and injured two children when it bombed a terrace house in west Mosul. Amnesty International says the strike “may …

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Australian military starts training on US Reaper drones

Reaper drones Australia

Australian air force personnel have begun training on armed drones in the United States, Australian defense officials said on Monday, less than a week after Washington said it would begin exporting the controversial weapons system. The U.S. State Department last week said it would allow exports of lethal military drones …

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Media banned from reporting on Reserve Bank of Australia corruption scandal

Reserve Bank

On 29 July 2014, WikiLeaks releases an unprecedented Australian censorship order concerning a multi-million dollar corruption case explicitly naming the current and past heads of state of Indonesia, Malaysia and Vietnam, their relatives and other senior officials. The super-injunction invokes “national security” grounds to prevent reporting about the case, by …

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Is Australia’s economy set to crash?

Australian consumers are more worried about the medium term outlook than at the peak of the financial crisis, and rightfully so. As The Telegraph reports, by the end of the first quarter this year, Australia’s net foreign debt had climbed to a record $955bn, equal to an already unsustainable 60pc of gross …

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Australian PM: freedom must be given up for security

Australian Prime Minister Tony Abbott

Australia aims to strengthen security by introducing new legislation to combat homegrown terrorism, said PM Tony Abbott. The new laws will criminalize travel to some conflict areas and grant authorities broader access to citizens’ communications. “Regrettably, for some time to come, the delicate balance between freedom and security may have …

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Australia’s biggest bank facing trillion dollar fines for money laundering

Commonwealth Bank CBA Ian Narev money laundering fines

Even the Commonwealth Bank’s staunchest critics wouldn’t have predicted this one. This is the bank potentially blowing itself up. CBA is facing fines of about a trillion dollars for nearly 54,000 breaches of Australia’s money-laundering laws dating back to 2012. A trillion dollars, which is a thousand billion. About seven times Commonwealth …

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Australia’s household debt-to-income ratio is at an all-time high

Australia household debt income ratio

The Bank for International Settlements has warned that record household debt levels amassed in the past decade have left Australians among the most vulnerable to a sharp rise in global interest rates. According to the Reserve Bank of Australia, household debt-to-income ratio for Australia is at an all-time high of 189%. …

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Australian propaganda TV outlet Network 10 goes into administration

Network 10 Channel administration

Troubled free-to-air broadcaster Network Ten has been placed into voluntary administration after its billionaire backers walked away. The network was widely expected to enter administration today, after it emerged yesterday that Ten shareholders Lachlan Murdoch, Bruce Gordon and James Packer decided against guaranteeing a new $250 million loan to replace …

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Australian Police illegally obtain journalist’s phone records

Australian Federal Police Commissioner Andrew Colvin journalist phone records

The Australian Federal Police have admitted to illegally obtaining a journalist’s phone record earlier this year – because the officers “did not know” that they needed a warrant. On Friday, AFP Commissioner Andrew Colvin claimed that officers who were investigating a leak of confidential police material did not know that they …

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Australia has no gold

Reserve Bank of Australia

After a campaign throughout 2012 to seek clarity in regards to the location of Australia’s Gold Reserves the Reserve Bank of Australia (RBA) has confirmed today in an email to me that 99.9% of their Gold Reserves are held in the gold vault of the Bank of England. Please read …

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