AUSTRALIA

Oldest Fossils on Earth

Scientists Find World's Oldest Fossils

Researchers have discovered fossils of microbial organisms that were living on Earth 3.4 billion years ago. Earth's oldest fossils have been found in Australia by a team from the University of Western Australia and Oxford University. The microscopic fossils show convincing evidence for cells and bacteria living in an oxygen-free world over 3.4 billion years ago.

Soaring Australian dollar claims manufacturing victims

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Australia's strong currency struck a heavy blow to the nation's manufacturing industry on Monday when BlueScope Steel , its largest steelmaker, unveiled plans to shut half of its steel-making capacity, cease exports and slash 1,000 jobs.
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Ketamine

Dance Club Drug Ecstasy Developed to Cure Cancer

Scientists from the University of Birmingham found that a modified form of Ecstasy (MDMA) could be used in treating myeloma, lymphoma, and leukemia, after scientists modified the drug to increase its tumour-killing properties.
Ketamine

Modified Ecstasy May Help Treat Cancer: Study

Researchers at the University of Birmingham have discovered that a modified version of Ecstasy (MDMA) may have great cancer-busting potential, fighting off myeloma, lymphoma, and leukemia.
Ferrari cars, including the F40 (R and 2nd R), F50 (2nd L) and Enzo sit on display during a show of luxury cars in Singapore

Asia's Wealthy Park Cash in Cars, Homes, Art and Wine

Adrian Tan owns two Mercedes sedans and is looking to buy a third car. The 36-year-old financial trader was shopping with his wife on a Singapore street lined with luxury car dealerships and said he may stick with Mercedes or go for an Audi or a BMW.
Gold bullion

Gold Spikes to Record $1,853

Gold surged more than 1 percent to a record high above $1,850 an ounce Friday, as investors reached for the safety of bullion amid a worsening economic outlook for the United States and concern about the health of Europe's banks.
One kilogram gold bars are seen in this picture illustration

Gold Hits Record on U.S. Growth, Europe Woes

Gold surged to record highs on Friday for a second consecutive session as investors reached for the safety of bullion amid a worsening economic outlook for the United States and concern about the health of Europe's banks.
Gold bullion

Gold Touches Record of $1,844

Gold surged to record highs Friday for a second consecutive session as investors reached for the safety of bullion amid a worsening economic outlook for the United States and concern about the health of Europe's banks.
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Morgan Stanley cuts global growth view, eyes ECB

The United States and euro zone are dangerously close to recession, Morgan Stanley said on Thursday, criticizing policymakers and predicting the European Central Bank will have to reverse its rates policy.
Moon

SHOCKER: Earth and Moon Younger than Previously Thought

New techniques to study rocks have led researchers to believe that the Earth's moon is actually much younger than previously predicted. The study also has ramifications for the Earth itself, thought to be made of the same material.

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