Britain faces more austerity pain

FINANCE minister George Osborne has warned Britons that they faced an extra year of austerity measures and insisted that reversing his belt-tightening measures now would be a "disaster". Chancellor of the Exchequer Osborne said Britain would face...

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Citigroup to axe more than 11,000 jobs

CITIGROUP says it will eliminate more than 11,000 jobs. The bank says it's looking to cut expenses and improve efficiency. The company said on Wednesday that the cuts will result in about $US1 billion ($A958.91 million) in charges in the fourth...

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Cannibal mystery as Russians found in wild

RUSSIAN investigators have opened a murder case after two fishermen were rescued following three months lost in a remote far east forest amid fears the pair could have eaten a companion to stay alive, officials say. Four men disappeared in August...

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US stocks mixed in opening trade

US stocks have opened mixed after a weak November private-sector jobs report reflected the impact of the devastating superstorm Sandy. After five minutes of trade, the Dow Jones Industrial Average was up 41.62 points (0.32 per cent) at 12,993.40....

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Somali Islamists attack Puntland troops

SOMALIA'S Islamist Shebab have killed at least ten soldiers from the northern Puntland region, an area where the al-Qaeda linked militants are feared to be carving out new bases, officials say. Khalif Issa Mudan, defence minister of the semi-autonomous...

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Israel advances settlement plan

AN Israeli plan to build new settler homes in a sensitive area near Jerusalem has passed a first hurdle, sparking fury from the Palestinians, who said building there would end all hopes of peace. Israel's plan for construction in a strip of West...

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EU, US in alliance to hit web child sex

THE 27-nation European Union, the United States and a score of other countries including Australia have launched a "global alliance" to stamp out trade in online images and videos of child sexual abuse. "Child sexual abuse online is a hideous...

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