Defence company to shed 450 Aust jobs

ONE of Australia's largest defence companies, BAE Systems, will make more than 400 workers redundant as it reels from the loss of defence contracts. The Australian arm of the global defence company has revealed the loss of a maintenance contract...

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Spain princess suspect in corruption case

A SPANISH judge has named King Juan Carlos's daughter Princess Cristina as a suspect in a corruption case, dealing a spectacular blow to the prestige of the royal family. It is first time a member of the Spanish royal family has been called to...

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French government hit by tax fraud scandal

FRANCE'S Socialist government is reeling from an explosive tax fraud scandal as critics question how much President Francois Hollande knew about a former budget minister's secret foreign bank account. Jerome Cahuzac - the minister responsible...

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Taliban kill 44 in attack on Afghan court

TALIBAN militants have stormed an Afghan court, killing at least 44 people in a bid to free insurgents standing trial in the deadliest attack for more than a year. It was not immediately clear whether the accused men had escaped the court complex...

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Another death in China from new bird flu

A MAN in the Chinese province of Zhejiang has died of the H7N9 strain of bird flu, state media says, bringing the total deaths attributed to the virus to three since the first human cases. He was one of two H7N9 avian influenza infections reported...

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Flooding in Argentina kills 25

AT least 25 people have died in flooding in the Argentine city of La Plata as torrential rain hit the region. The deaths raised the number of people killed this week to 33 following record heavy rain in Argentina. A powerful storm that earlier...

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European stocks drop on downbeat US data

EUROPE'S main stock markets has slumped, with London's FTSE 100 index of leading companies giving up 1.08 per cent to 6,420.28 points. In Frankfurt, the DAX 30 fell by 0.87 per cent to 7,874.75 points on Wednesday, while in Paris the CAC 40 lost...

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