Both leaders launch Brexit scare campaign

Both leaders launch Brexit scare campaign

Malcolm Turnbull is urging voters to back the coalition in the wake of the Brexit shock but the opposition leader insists the prime minister is a weak man held hostage by a dysfunctional party. Opposition Leader Bill Shorten likened Mr Turnbull to British Prime Minister David Cameron, who announced his resignation on Friday having led the failed Remain campaign. Both men led divided governments,…

  • Australia can weather Brexit storm: govt AAP - 6 hours ago

    Australia's financial system is strong enough to weather the Brexit storm, but a vote for the coalition on July 2 is crucial to make sure it stays that way, Treasurer Scott Morrison insists. Britain's shock decision on Friday to leave the European Union has rippled around the world, impacting heavily on financial markets. The Australian sharemarket and dollar took a hit while the pound suffered its biggest one-day fall in history.

  • British air passengers could drop 5% AAP - 6 hours ago
    British air passengers could drop 5%

    The number of British air passengers could drop by three to five per cent by 2020 with an expected downturn in the economy and fall in sterling following the Brexit vote, the International Air Transport Association (IATA) says. Air freight will be affected by lower international trade in the longer term, it said. The regulatory impact on the aviation sector would depend on the nature of the exit terms and future arrangements between Britain and the European Union.

  • Brexit linked to Australian election AAP - 6 hours ago
    Brexit linked to Australian election

    Bill Shorten says the Brexit result shows why the Turnbull government should not be returned on July 2. "The major lesson of the Brexit outcome in the United Kingdom is the need to elect a government that can deliver stability and deliver unity," the opposition leader said, telling reporters that in Australia only Labor could do that. Mr Cameron on Friday announced his resignation after leading the losing Remain campaign for the referendum on whether Britain should stay in the European Union, while Mr Turnbull is pushing ahead with a post-election plebiscite on gay marriage put up by former PM Tony Abbott.

  • PM urges coalition vote after Brexit AAP - 6 hours ago
    PM urges coalition vote after Brexit

    Prime Minister Malcolm Turnbull has urged voters to back the coalition amid global uncertainty following the shock Brexit vote. Mr Turnbull insists there's no need for alarm but in an environment of uncertainty and shaky confidence, a strong economic plan was needed more than ever. "It is more important than ever to ensure that we choose on July 2 a stable, coalition, majority government with a clear national economic plan," he told reporters in Sydney.

  • Germany opposes EU 'revenge' against UK AAP - 8 hours ago
    Germany opposes EU 'revenge' against UK

    The 27 countries left in the European Union after Britain's vote to leave should refrain from taking revenge, but focus on building consensus in areas such as security, migration and economic growth, German officials say. German Foreign Minister Frank-Walter Steinmeier told the ZDF television station there was hard work ahead negotiating the terms of Britain's exit, but European leaders were committed to charting a new course that tackled high rates of youth unemployment and other issues raised through the UK referendum. Steinmeier said he told EU foreign ministers at a meeting in Luxembourg on Friday to focus on rebuilding a strong Europe, not hashing through differences with Britain.

  • Brexit won't hurt Game of Thrones: HBO AAP - 10 hours ago
    Brexit won't hurt Game of Thrones: HBO

    Hit US TV series Game of Thrones - which is partly filmed in Northern Ireland - will not suffer due to Britain's decision to leave the European Union, cable network HBO says, aiming to quash speculation that the lavishly produced show would lose EU funding. The series received support from the EU's European Regional Development Fund in its early years, HBO confirmed, but the fund has provided no support for the past few seasons. "We do not anticipate that the result of the EU referendum will have any material effect on HBO producing Game of Thrones," the network, a unit of Time Warner Inc, said in a statement.

  • Embrace Brexit uncertainty, Turnbull says AAP - 10 hours ago
    Embrace Brexit uncertainty, Turnbull says

    Prime Minister Malcolm Turnbull says there will be a period of uncertainty after Britain's shock referendum result but insists Australia must be ready to seize opportunities. Mr Turnbull moved to quell fears after Britain voted to exit the European Union on Friday, insisting the Australian economy remained strong and resilient and had weathered global shocks before. The result also triggered the resignation by October of the pro-Remain prime minister David Cameron who said new leadership was needed to take his country to its "next destination".

  • Brexit boosts gold as stocks tumble AAP - 22 hours ago
    Brexit boosts gold as stocks tumble

    Gold was the only sector to shine on the Australian share market after the UK's decision to exit the European Union poleaxed everything else. Markets worldwide have tumbled in the wake of the uncertainty caused by Brexit but the price of gold surged and investors snapped up gold stocks on Friday. Gold is viewed as a safe haven in times of uncertainty.

  • Brexit market shock won't last: Turnbull AAP - Fri, Jun 24, 2016 10:38 PM NZST
    Brexit market shock won't last: Turnbull

    Prime Minister Malcolm Turnbull has moved to quell fears Britain's "momentous and historic" exit from the European Union will impact on jobs and growth in Australia. Britain's departure from the EU, after 43 years, triggered the resignation by October of the pro-Remain prime minister David Cameron who said new leadership was needed to take his country to its "next destination". "I do believe it's in the national interest to have a period of stability, and then the new leadership required," Mr Cameron said in London.

  • Brexit 'opportunities' for Aust: Morrison AAP - Fri, Jun 24, 2016 10:32 PM NZST
    Brexit 'opportunities' for Aust: Morrison

    Britain's exit from the European Union could open up new opportunities for Australia, including a new free trade deal, Treasurer Scott Morrison says. The surprise decision wreaked havoc on global markets on Friday but Mr Morrison has called for cool heads as the initial shock ripples out in the short term. Free trade talks with Britain could be on the cards.

  • Unexpected Brexit triggers $A fall AAP - Fri, Jun 24, 2016 8:25 PM NZST

    The Australian dollar has plummeted against the US dollar and soared against the pound after the UK unexpectedly voted to pull out of the European Union. Investors ditched the pound for the greenback en-masse as the result of the UK vote became clear, Commonwealth Bank chief currency strategist Richard Grace said.

  • Trip to UK now much cheaper AAP - Fri, Jun 24, 2016 7:35 PM NZST
    Trip to UK now much cheaper

    A UK holiday has suddenly become a lot cheaper. Already enjoying some of the cheapest airfares to the UK, Australians now have the benefit of a much weaker British pound, thanks to the Brexit vote. The pound plunged against all currencies as the UK voted to leave the European Union, a move that is set to cause long term uncertainty for an economy already under pressure.

  • Global markets face Brexit blood bath AAP - Fri, Jun 24, 2016 7:31 PM NZST

    Australia was first in line on Friday for a financial hammering now rolling across global markets as investors ponder the economic fallout of Britain leaving the European Union. Markets across Asia, the UK, Europe and the US are set to mimic heavy losses across in Australia after a surprise victory for the Brexit vote. Britain's departure from the EU after 43 years raises uncertainty that investors don't like, Patersons Securities economist Tony Farnham said.

  • Shorten calls for calm on Brexit vote AAP - Fri, Jun 24, 2016 7:13 PM NZST

    Bill Shorten has joined the prime minister and treasurer in calling for calm as financial markets tumble after the surprise decision by Britain to leave the European Union. "We urge people to be calm and not to necessarily confuse the volatility in the stock market with any shift in Australia's fundamentals," he told reporters in Cairns on Friday.

  • Lithium Power makes strong market debut AAP - Fri, Jun 24, 2016 6:58 PM NZST

    Lithium is one sector of the mining industry that is charging ahead, according to share market entrant Lithium Power International. LPI's lithium projects include targeted areas in the Pilbara and Greenbushes regions of Western Australia, and the major lithium province of Salta in Argentina. Chief executive Martin Holland says there is a lot of lithium - a key component of battery technology in mobile devices, electric and hybrid cars - around the world, but much of it cannot be extracted economically.

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  • Subway: Review finds 'serious' complaint about Jared Fogle Associated Press - Sun, Sep 13, 2015 1:30 AM NZST
    Subway: Review finds 'serious' complaint about Jared Fogle

    The Subway restaurant chain said it received a "serious" complaint about Jared Fogle when he was the company's spokesman but that the complaint did not imply any criminal sexual activity. The ...

  • Holden keeps 100 design jobs in Australia AAP - Sun, Sep 13, 2015 1:06 AM NZST
    Holden keeps 100 design jobs in Australia

    Holden will keep more than 100 design jobs and add 18 new positions after manufacturing ends in Australia in 2017. The powertrain engineering and development team will stay in Australia after General Motors reversed a decision to send the jobs overseas. "More than 100 additional Holden engineering staff will continue to apply their skills and talents to local and global vehicle programs," managing director Mark Bernhard said on Saturday.

  • Fiat Chrysler recalls 1.7M trucks for air bag, weld troubles Associated Press - Fri, Sep 11, 2015 6:18 AM NZST
    Fiat Chrysler recalls 1.7M trucks for air bag, weld troubles

    Fiat Chrysler is recalling more than 1.7 million trucks to fix problems with air bags and welds in the steering system. The biggest of three recalls announced Thursday covers 1.35 million Ram 1500, 2500 ...

  • McDonald's to switch to cage-free eggs over next decade Associated Press - Thu, Sep 10, 2015 9:12 AM NZST
    McDonald's to switch to cage-free eggs over next decade

    McDonald's says it will switch to cage-free eggs in the U.S. and Canada over the next decade, marking the latest push under CEO Steve Easterbrook to try and reinvent the Big Mac maker as a "modern, ...

  • Survey shows big gaps in knowledge about auto safety tech Associated Press - Wed, Sep 9, 2015 9:24 AM NZST
    Survey shows big gaps in knowledge about auto safety tech

    Adaptive cruise control has been an option on some cars for almost a decade. But in a recent national survey, 65 percent of U.S. drivers didn't know what it was. The survey, by the University of Iowa Public ...

  • Toyota invests $71m in driverless cars AAP - Sat, Sep 5, 2015 8:10 PM NZST
    Toyota invests $71m in driverless cars

    Toyota is investing $US50 million ($A71 million) with Stanford University and the Massachusetts Institute of Technology in the hope of gaining an edge in an accelerating race to phase out human drivers. The financial commitment announced on Friday by the Japanese carmaker will be made over the next five years at joint research centres located in Silicon Valley and another technology hub in Cambridge, Massachusetts. Toyota has hired robotics expert Gill Pratt to oversee research aimed at developing artificial intelligence and other innovations that will enable future car models to navigate the roads without people doing all the steering and stopping.

  • Harley riders rumble into Milwaukee for rally, bike show Associated Press - Sat, Sep 5, 2015 12:06 PM NZST
    Harley riders rumble into Milwaukee for rally, bike show

    Gearheads converged on the Harley-Davidson Museum on Friday to show off, talk shop and get started on a weekend motorcycle rally and custom bike show. Tents outside the museum featured T-shirts, trinkets ...

  • Toyota to invest $50M in car-tech research at Stanford, MIT Associated Press - Sat, Sep 5, 2015 7:36 AM NZST
    Toyota to invest $50M in car-tech research at Stanford, MIT

    Toyota is investing $50 million with Stanford University and the Massachusetts Institute of Technology in hopes of gaining an edge in an accelerating race to phase out human drivers. The financial commitment ...

  • From eggs to trees, USDA promotional programs controversial Associated Press - Sat, Sep 5, 2015 6:37 AM NZST
    From eggs to trees, USDA promotional programs controversial

    The slogans are familiar: "The Incredible Edible Egg," ''Pork: The Other White Meat," and "Got Milk?" They've all been part of promotional campaigns overseen by the Agriculture ...

  • Recalls this week: windshield deicer, bicycles Associated Press - Sat, Sep 5, 2015 5:00 AM NZST
    Recalls this week: windshield deicer, bicycles

    More than 4 million bottles of windshield deicer and frost reducer are being recalled because the trigger assembly can be removed by children, posing a risk of poisoning. Other recalled consumer products ...