US diplomats in Washington once dubbed North's Korea's military drills as 'fish-killing' activities. Yet the South, backed by the Obama administration, has been continuously holding live-fire drills in the disputed zone of the Korean Peninsula. With a continual military activity, the coming months could only witness a deteriorating situation in the peninsula, unless both sides are pressured to engage in a dialogue.
Nicole reveals her sadness at the decision of her adoptive kids to stay with Tom Cruise
Contrary to the prevailing view, the U.S. economy will gain growth momentum in the year ahead, while GDP will grow stronger in Europe and Japan, research firm IHS Global Insight has said in its forecast for 2011.
Sony Corp is on target to sell 15 million PlayStation 3 game consoles in the business year to March 31, 2011, a company executive said on Wednesday.
Anglo-Australian miner Rio Tinto is finalizing a $3.8 billion takeover bid for Africa-focused Riversdale , according to two sources, upping an earlier offer as it seeks to gain key coking coal supplies amid soaring demand from India and China.
Rabbit Hole, the latest film of Australian actress Nicole Kidman, will premiere next year on her home country Australia.
Australia included Usman Khawaja in their squad for the fourth Ashes Test against England as a back-up for Captain Ricky Ponting, in case the skipper fails to recover from a fractured finger.
Kylie seemed to hint strongly that she will have something for her Australian fans to look forward to come 2011.
While UN World Tourism Organisation recently announced that France will be the most sought-after place in 2010, places such as Scotland, Israel, Bethlehem and the like remained horded for some unusual charms. Here’s a list of world’s 10 tourist hotspots that saw an incredibly rise in tourism interests in 2010.
Australian wealth manager Perpetual
has called off talks with private equity firm Kohlberg Kravis Roberts & Co over a $1.7 billion takeover saying the approach undervalued the company, knocking its shares down by nearly 15 percent.
It took Australia only 50 minutes on the fourth day of the Perth test at WACA, the third of the series, to take the remaining five wickets and land a 267-run win against England.
Oprah stopped over in Fiji for her Christmas holidays
Zimbabwe's President Robert Mugabe on Saturday threatened to act against companies from Western countries that have imposed sanctions on his party over suspected election fraud and rights abuses.
Australia restricted England to an abysmal 187 through a brilliant Mitchell Johnson's 6-38 before extending their lead to 200 runs in their second innings on the second day of the third Ashes test at Perth.
It's a rather new Cold War. New rhetoric, spiraling conflicts and opposing fronts have returned to the panorama of the World. Posing a threat to the region's still fragile peace, a new arms race has begun in the Asia-Pacific.
Results-oriented problem solver with extensive experience in a fast-paced environment seeks cliche-free resume to post online.
The Asia-Pacific region will continue to be the fastest-growing region of the world in 2011, according to a forecast by IHS Global Insight. However, the report says the region faces significant risks in the backdrop of the fragile state of some of the largest economies in the world, the raging sovereign debt crisis in the European Union and 'deep-seated structural problems facing Japan.
Global regulators said on Thursday that banks in low debt countries like Australia and Denmark will get more leeway to comply with tough new liquidity rules.
The Basel Committee of global banking regulators published on Thursday the final text of Basel III, which will force banks to triple the amount of capital held to withstand shocks.
Australia host England at the WACA, Perth in the third and crucial Ashes test which starts on 16th December.
The brokerage maintained its 'buy' rating on shares of the software major with a price target of $33.
The Australian dollar that rose above parity on Tuesday helped by renewed risk appetite after the US Fed's decision to keep its accommodative policy intact for an extended period of time, but was down across the board in Asian trade on Wednesday as investors booked profit.