AUSTRALIA

FDA Acts to Stem Shortages of Two Cancer Drugs

FDA
The U.S. Food and Drug Administration said it will resolve a potentially life-threatening shortage of two leading cancer drugs by allowing one of them to be imported from abroad and rushing approval for a new manufacturer to make the second.

Shell to Buy Cove Energy for $1.6 Billion

Shell
Royal Dutch Shell Plc (RDSa.L) has made an agreed 992.4 million pounds ($1.6 billion) bid for Mozambique-focused Cove Energy (COVE.L), offering a full price to open up a new gas frontier for the Anglo-Dutch oil major in East Africa.
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Aircraft financing costs seen close to peak

The cost of financing new planes may come off current highs for some carriers as lenders step up competition for creditworthy debtors, a top supplier of aircraft financing told Reuters.
A pair of Tasmanian Devils tussles for a piece of rabbit in a new breeding centre at Sydney's Taronga Zoo June 30, 2010.

Tasmanian Devil Genome Mapping May Help Humans too

Scientists have mapped the genome of Australia's endangered Tasmanian devil for the first time and found that deadly facial tumors decimating the species evolve very slowly, making it possible help might be found before the animals vanish forever.
Air Australia

Air Australia Collapse: How It Happened

The convoluted path of Air Australia, which is less than four months old and operated on a leased fleet of five aircraft, is being framed as a case study in which corporate hubris and a hands-off approach from corporate regulators combined to deliver a spectacular demise.
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Murdoch pledges unwavering support to UK Sun

Rupert Murdoch pledged unwavering support to his scandal-hit Sun on Friday, and promised to launch a Sunday edition soon, to try to win back angry staff in one of the biggest challenges to his more than 40 years as proprietor at the British tabloid.
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Vale moves to spot ore pricing; sees ship solution

Vale , the world's largest iron ore producer, said on Thursday it is selling 80 percent of its ore using spot prices, nearly completing a historic shift to market-based pricing for the principal raw material used in steel.
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Vale legal risk jumps to $22.4 billion on tax cases

Vale SA , the world's No. 2 iron-ore producer, raised its outlook for legal losses nearly five-fold to $22.4 billion as courts moved closer to allowing Brazilian tax authorities to levy overseas investments.
Europe's first Vega rocket lifts off from the European Space Agency (ESA) launch centre in Kourou, French Guiana, February 13, 2012. The Vega rocket blasted off from French Guiana on Monday in an inaugural flight aimed at giving Europe a vehicle for

U.S. Eyes Growing Global Cooperation on Satellites

The United States, in a review of future satellite needs, is examining opportunities to increase international collaboration and orders from commercial providers, a senior U.S. Air Force official said on Wednesday.
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The Babyccino: New Trend for Brooklyn Parents

Yet another peculiar trend is gaining traction among hip Brooklynite parents: the babyccino. The drink is described as a macchiato-like beverage featuring a shot of decaf expresso topped with steamed milk and froth, according to the Huffington Post. Not ordinarily listed on the menu, a babyccino usually costs around $2.
World's Deadliest Pathogens: How Secure are Labs?

World's Deadliest Pathogens: How Secure are Labs?

Labs whose experiments on dangerous pathogens are funded by the U.S. government must follow specific rules to keep the microbes from escaping, but those rules are not enforceable for researchers working with private funds. Outside the country, security and safety requirements vary widely, experts say.

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