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News Corp to take charge of up to $1.4 billion this quarter

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- News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations.

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News Corp to take charge of up to $1.4 billion this quarter

- News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations.

Rupert Murdoch, 7:59pm EDT

Exclusive: EU to warn China it may levy duties against Huawei - sources

BRUSSELS - The European Commission plans to send a formal warning to China that it is ready to levy sanctions against telecoms equipment makers Huawei and ZTE Corp over illegal subsidies, people close to the matter said.

China, Tech, Media 14 May 2013

Australia delays promised budget surplus as election looms

CANBERRA - Australia's struggling Labor government on Tuesday used the last budget before national elections to delay a long-promised return to surplus, blaming a stubbornly high Australian dollar and lower commodity prices for a dramatic fall in revenues.

World, 14 May 2013

Australia delays promised budget surplus as election looms

CANBERRA - Australia's struggling Labor government on Tuesday used the last budget before national elections to delay a long-promised return to surplus, blaming a stubbornly high Australian dollar and lower commodity prices for a dramatic fall in revenues.

World, 14 May 2013

Australian government avoids recession but voters say thanks for nothing

CANBERRA - Around 400,000 first-time voters go into Australia's September elections with no idea of economic hardship, adding to Treasurer Wayne Swan's mounting problems as he delivers what is shaping up as his last, and most difficult, budget on Tuesday.

World, 13 May 2013

Australia seeks two passengers lost from cruise ship

SYDNEY - Australian emergency crews were searching on Friday for two people who fell overboard from a Carnival Corp cruise liner off the New South Wales coast.

World, 09 May 2013

Global stocks climb higher as investors chase performance

NEW YORK - Major stock indexes in Germany and the United States hit all-time highs on Tuesday after data bolstered expectations that Germany has returned to growth, while Australia reminded markets that accommodative policies from central banks have room to run.

07 May 2013

Australian Mossad spy interfered in Israeli operation: TV report

CANBERRA - An Australian emigrant and disgraced Mossad spy who died in an Israeli jail in 2010 was arrested after interfering in a secret Israeli intelligence operation to recover the bodies of soldiers killed in the 1982 Lebanon war, an Australian news report said on Tuesday.

World, Israel 07 May 2013

Cuba launches challenge to Australian tobacco laws at WTO

GENEVA - Cuba has launched a legal challenge to Australia's tobacco packaging laws at the World Trade Organization, the Geneva-based trade body said in a statement on Monday.

World, Cuba, 06 May 2013

World News

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Syria opposition unity talks face specter of collapse

ISTANBUL - Syrian opposition talks aimed at presenting a coherent front at an international peace conference to end the civil war faced the prospect of collapse after President Bashar al-Assad's foes failed to cut an internal deal, opposition sources said on Friday.

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Global News Journal

Ethiopia and Eritrea: An elusive peace on the cards?

Ethiopia and Eritrea are still at each others’ throats. The two neighbours fought hammer and tongs in sun-baked trenches during a two-year war over a decade ago, before a peace deal ended their World War I-style conflict in 2000. Furious veRed Sea, UNrbal battles, however, have continued to this day.

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