At 8:30 PM on Saturday 26th March 2011, lights will switch off around the globe for Earth Hour and people will commit to actions that go beyond the hour.
President Barack Obama said the U.S. and its NATO allies are weighing wide range of potential options (including military intervention) to pressure Libyan leader Moammar Gaddafi from committing any further acts of unacceptable against the opposition rebels.
Australia's government launched a third attempt on Thursday to make carbon polluters pay for their emissions, unveiling plans for a fixed-price scheme from 2012 and vowing not to surrender this time in the face of fierce opposition.
The Australian government's support has slipped to dangerously low levels following a summer of natural disasters and as Prime Minister Julia Gillard fights for a new tax to pay for flood and cyclone reconstruction, a new poll found on Monday.
Australia's cruel summer of cyclones and floods could generate a new, devastating political storm for Prime Minister Julia Gillard, who now must buck hostile public opinion to find a way to pay for the clean-up.
One of the most powerful cyclones on record slammed into Australia's coast on Thursday, uprooting trees, tearing roofs off buildings and raising the danger of deadly storm surges.
The violent protests in Egypt could deal a major blow to the country’s vital tourism industry, a development that could be economically crushing to the already riot-ravaged country.
In response to the reconstruction costs associated with the floods that have devastated Queensland and Victoria provinces, the prime minister of Australia, Julia Gillard, has unveiled a new “flood tax” to help pay for the rebuilding.
Australians may be hit with a one-time “flood tax” to help pay for the damages wrought by the devastating floods in Queensland and Victoria.
Australia's government is reportedly considering a taxpayer levy to help pay for massive flood rebuilding, while preserving the budget's path back to surplus in 2012-13, as one major bank warned on Tuesday the damage bill could reach A$20 billion.
Extensive reconstruction after Australia's floods risks fuelling a wages blow-out, as flooded states and the booming resource sector bid for scarce workers, which will in turn push up inflation and add pressure for a tightening of interest rates.
Massive floods shut down the centre of Australia's third-largest city, sent thousands fleeing from their homes and sparked panic buying of food on Wednesday as rescuers searched for 43 people missing in floodwaters.
Thousands of residents of Australia's third-largest city evacuated homes on Wednesday as massive floods began to inundate the financial district, sparked panic buying of food and left authorities despairing for nearly 70 people missing.
The devastating floods in Queensland Australia has driven up the prices of certain commodities, including coal, wheat and sugar. With warnings that the flood may not recede for weeks, the longer-term impact on commodity prices becomes a great concern.
The Prime Minister of Australia, Julia Gillard, championed infrastructure investments across both the emerging markets and developed nations as a key part of maintaining a global economic recovery.
One of the most interesting – and perhaps under-reported -- aspects of the G20 summit in Seoul is the four female political leaders in attendance. According to press reports, no prior G20 summit has had this many women heads of state.