Australia, officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent (the world's smallest) the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. Neighbouring countries include Indonesia, East Timor, and Papua New Guinea to the north, the Solomon Islands, Vanuatu, and New Caledonia to the north-east, and New Zealand to the southeast.

QE3 Reviving Fears Of Global Currency Wars

Thursday's announcement by the U.S. Federal Reserve that it would be engaging in a third round of open-ended bond-buying, known as QE3, to energize the economy saw a resoundingly positive reception in the foreign financial markets, where indexes rose Friday. But market-watchers were expecting the global equity party would lead to an inevitable hangover soon, in the form of intervention by central banks around the world, to stop massive inflows of dollars into non-U.S. economies -- in short, a...

Apple iPhone 5 Pre-Orders Delayed Two Weeks From Release Date: Is Online Ordering Worth The Price Of Waiting?

One hour after pre-orders for the new iPhone 5 went live on Apple's website Friday morning, shipping estimates from the online Apple Store have already been delayed to two weeks for customers in the US, UK, Germany, Canada and Australia. Currently, any new iPhone 5 purchases will likely be shipped and delivered two weeks after the iPhone 5's actual release date on Sept. 21, by Friday, Oct. 5.

International Tourism Arrivals To Exceed 1 Billion For First Time In 2012

Europe may be in the throes of a crisis while North America recovers from its own recession, but that hasn’t stopped people from traveling -- far from it. Despite concerns over the global economy, tourism has shown incredible resilience as international arrivals are now projected to cross the 1 billion mark for the first time in 2012.

Why GM Actually Is Getting Its Money's Worth From The Chevy Volt

General Motors Company (NYSE: GM) may be losing money on the Chevy Volt at present, but the long-term benefits of early R&D in electric vehicles, improvements to brand image and improving sales volumes should ultimately make it a wise decision for the company.

Clinton Visits East Timor Signaling US Status As ‘Resident Pacific Power’

While former U.S. President Bill Clinton delivered a speech to the Democratic National Convention for President Barack Obama in Charlotte, North Carolina, Wednesday, his wife and U.S. Secretary of State Hillary Clinton was sipping her coffee at a bean-processing unit in East Timor, her fourth stop in an 11-day foreign tour.


Bionic Eye to Begin Human Trials in 2013

Bionic Eye Restores Sight For Australian Woman Who Was Blind For 30 Years

A revolutionary new bionic eye has just restored the gift of sight to an Australian woman who has been blind for almost 30 years. Dianne Ashworth, 54, of Victoria Australia, was outfitted with the first of a new type of bionic eye. The eye works by attaching electrodes to her retina and sending electric signals to her nerve cells, mimicking the same process that occurs in sighted people.
Afghan Women Seeking Asylum

Asylum-Seekers Seeking To Reach Australia Drown Off Coast Of Indonesia

On Wednesday, another unseaworthy boat with more than 150 asylum-seekers sunk to the bottom of the sea off Indonesia while seeking asylum in Australia. A continuing massive search and rescue operation has plucked 55 survivors out of the sea, but more are still missing as critical hours just ended.