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Man shot twice as police swarm suburban street

Written By Unknown on Sabtu, 05 April 2014 | 21.29

Police at the scene of a shooting in Denison Court, Capalaba, in Brisbane. Picture: Adam Smith. Source: CourierMail

A MAN has been shot by police at Capalaba after throwing an officer through a glass-plated window.

Police swarmed the Denison Crt home at around 7.25pm.

It is understood the man was shot twice by a female police officer after he charged at her partner when a Taser did not work.

The man was taken to Princess Alexandra hospital where he is in a serious condition.

Police sources said the man was shot twice in the stomach.

The male police officer who went through the glass-plated window had sustained severe lacerations. The officer is in a serious but stable condition after undergoing surgery.

It is understood the same unit complex was the scene of a similar police shooting 18 months ago.

Police at the scene of a shooting in Denison Court, Capalaba, in Brisbane. Picture: Adam Smith.

As detectives and officers from the ethical standards section investigated, shocked neighbours told how they had heard two shots then a woman shouting "he's dead".

Nearby residents said the public housing complex where the home sits had been the scene of repeated disturbances.

"My wife and I were inside the house and we heard two pops," one neighbour said.

"We came outside and we heard someone screaming, a female, saying somebody had been shot then we heard someone say someone was dead, so we called police and basically everybody started rocking up.

"What we saw from people who came out was one male with a shirt and what appeared to be a police belt was staggering out being assisted by two police officers. He was out in the first ambulance.

"A significant amount of time later, I believe it was a man, he was carried out on a gurney and taken to a second ambulance. Then the ambulance left a significant amount of time later."

Police said in a statement: "A man has been taken to the Princess Alexandra Hospital following a shooting incident at Capalaba this evening.

"Around 7.25pm, police were called to a Denison Crt residence in relation to a disturbance.

"A man was injured when an officer discharged his firearm and he is currently being treated at hospital. Ethical Standards Command have been advised and investigations are continuing."


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Gunmen kill 22 in Nigeria attack

Written By Unknown on Jumat, 04 April 2014 | 21.29

AT least 22 people have been killed in an attack by suspected members of Islamist extremist sect Boko Haram in northern Nigeria, officials say.

Gunmen on about 50 motorcycles attacked two villages in Zamfara State, Maitsaba and Birnin-Tsab, on Thursday evening, attacking residents and torching dozens of homes and grain stores, Zamfara Commissioner of Commerce Alhaji Hassan Zurmi told DPA

Boko Haram, which means "Western education is sinful", has been active in the Muslim north of the West African country, carrying out attacks against government institutions and civilians.

Since 2009, more than 6000 people have been killed in the violence.


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Rate rises may be limited: IMF

Written By Unknown on Kamis, 03 April 2014 | 21.29

AS consumers and businesses worry about an interest rate rise from the Reserve Bank before long, a new analysis suggests any increases are likely to be limited.

The International Monetary Fund says worldwide interest rates are expected to increase in the medium term with global economic conditions normalising, reversing the decline into negative territory due to the 2008-2009 global financial crisis.

But in the analytical chapters of its forthcoming world economic outlook, the IMF does not believe real, or inflation adjusted, interest rates will return to high levels.

"The increase from current levels is expected to be modest, because the factors that have mostly contributed to low real rates in the past recent years are unlikely to reverse substantially," the report released in Washington on Thursday said.

It says the "scars" from the GFC have resulted in a sharp and persistent decline in investment in advanced economies, while there will be only a modest impact from lower savings in emerging market economies as a result of slower economic growth.

There has also been an investment shift to safer interest-rate yielding bonds away from riskier equities, which has kept rates low.

Using data from a number of countries, including Australia, it found that 10-year real interest rates declined from an average of 5.5 per cent in the 1980s, to 3.5 per cent in the 1990s, to two per cent between 2001 and 2008 and to slightly negative territory of 2012.

While continued low real rates will help borrowers to lower debt ratios, they also raise new policy challenges.

"The envisioned low real rate environment ... may re-emerge as a constraint to monetary policy should risks of very low growth in advanced economies materialise," it said.


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Amazon cancels Czech distribution plan

Written By Unknown on Rabu, 02 April 2014 | 21.29

US retail giant Amazon says it has abandoned plans to build a distribution centre in the Czech Republic's second largest city after it was rejected by local authorities.

Brno councillors three times rejected the plan, which would have created up to 2,000 jobs, arguing the land Amazon wanted to build on was not zoned for such projects.

Tim Collins, who is in charge of Amazon's European operations, said in a statement on Wednesday that Amazon respects this decision and will look to open its centre in another Eastern European country. No details were given.

Czech Finance Minister Andrej Babis called Brno's rejection "absurd".

Collins says Amazon's existing plan to build a similar centre near Prague's international airport has not been affected by the failure of the Brno project.


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Inflation slowing in developed countries

Written By Unknown on Selasa, 01 April 2014 | 21.29

INFLATION slowed in major developed countries in February amid a steep drop in energy prices, a report shows.

The Organization for Economic Cooperation and Development said on Tuesday consumer price inflation in its 34 member countries slowed to 1.4 per cent in February from 1.7 per cent in January.

Low inflation has become a key concern for many developed countries. Consumers and businesses delaying purchases in the hope of cheaper deals later can hurt growth.

An outright drop in prices, called deflation, can be very hard to reverse. Japan was stuck in deflation for about two decades, during which time its economy barely grew.

The US inflation rate was 1.1 per cent in February, while the European Union's was just 0.8 per cent, well below the 2 per cent many economists deem a suitable level.

The OECD, a think-tank for the world's most developed countries, said however excluding volatile food and energy prices, core inflation for its 34 members was stable for a fourth month running at 1.6 per cent.

Inflation in G-20 countries, which includes major developing countries such as Indonesia, India and Brazil, slowed to 2.3 per cent in February from 2.6 per cent in January, the OECD said.


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Australia's trade performance sinks

AUSTRALIA'S standing as a global trade competitor has tumbled with exporters dogged by regulatory barriers, the Australian Industry Group says.

The World Economic Forum's global "enabling trade" index released on Wednesday showed Australia dropping six places to 23rd in 2014 from 17th in 2012, and having been ranked 14th in 2009.

Singapore topped the table, while neighbouring New Zealand was fourth.

Ai Group chief executive Innes Willox said the survey results yet again highlight Australia's poor performance in the global economy relative to its peers and competitors.

"Australian exporters continue to face many hurdles, including access to foreign markets, transport costs and regulatory barriers," Mr Willox said in a statement.

"Some of these barriers are due to the old 'tyranny of distance', but others are due to our own regulatory and procedural arrangements for outbound and inbound trade."

On market access that measures the extent and complexity of a country's tariff regime, Australia now ranks 74th, having been 44th in 2008.

On the quality, transparency and efficiency of border administration Australia stands 22nd having been 11th six years earlier, while on infrastructure it is now 20th, down from a peak of 14th in 2009.

Similarly, on its operating environment it is 19th versus 14th in 2009.

"Australian trade policies, regulations and procedures require attention in a similar manner to the many other areas of regulatory burden that are currently under scrutiny," Mr Willox said.

The results highlight the importance of free trade and multi-lateral agreements, including those with China and Japan, Australia's two largest trading partners, as well as the Trans-Pacific Partnership

He said government is putting a welcome focus on expediting these agreements and strengthening Australia's trade performance.

He said Australia hosting the G20 Leaders Meeting in November will provide another opportunity to address trade barriers and encourage expanded global trade.


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Pyne accused of keeping cuts in the dark

LABOR is asking what the Abbott government has to hide after it apparently failed to consult with stakeholders about any proposed changes to the Australian Education Act.

The federal opposition says Education Minister Christopher Pyne wrote to stakeholders pledging to consult with them on any changes to the legislation in March.

But Labor education spokeswomen Kate Ellis said the deadline had come and gone, suggesting cuts to "vital" funding could be on the agenda.

"Despite his promises, major education stakeholders haven't seen a draft of the act," Ms Ellis said in a statement on Wednesday.

She said the government's failure to be transparent in this case raised many questions, including whether they would be including the fifth year of Gonski funding in the upcoming budget.

Mr Pyne's office has been contacted for comment.


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Elton John to have 'quiet' wedding

Written By Unknown on Senin, 31 Maret 2014 | 21.29

ELTON John and his partner David Furnish are planning a low-profile wedding in May, following a change in British law allowing gay marriages.

The singer has told NBC's Today show he wants to celebrate "very quietly".

"It will be a joyous occasion and we will have our children," John said.

The two men, who have been in a civil partnership since 2005, have two children.

In quotes released on NBC's website on Monday, John said: "We shouldn't just say 'Oh, well, we have a civil partnership, we're not going to bother to get married'. We will get married."

Same-sex marriages were allowed for the first time in Britain on Saturday.


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ACCC should probe business card fees: Tyro

Written By Unknown on Minggu, 30 Maret 2014 | 21.29

THE nation's competition watchdog needs to investigate why small businesses are paying millions of dollars more in transaction fees than large companies, a submission to the federal government's financial system inquiry recommends.

Independent EFTPOS provider Tyro Payments believes small and medium sized enterprises (SMEs) are paying $400 million more in fees than big business on debit and credit card interchange fees.

It says that on average SMEs are charged 53 cents per transaction on Visa and MasterCard credit and debit cards.

In comparison, big retailers only pay about 16 cents per transaction.

"The Australian Competition and Consumer Commission needs to investigate why Australia's major banks can treat our small and medium sized businesses with such contempt," Tyro chief executive Jost Stollman said in a statement on Monday.

He said the financial system inquiry was a one-off opportunity to bring Australia up to a competitive international level when it comes to encouraging innovation, productivity and healthy market competition.


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Former 'Dynasty' star Kate O'Mara dies

ACTRESS Kate O'Mara, best known for her role in the 1980s soap opera Dynasty, has died at the age of 74.

Her agent Phil Belfield says O'Mara died on Sunday in a nursing home in southern England after a short illness.

The actress, who began her television career in the 1960s, became a household name for playing Alexis Colby's scheming sister Cassandra "Caress" Morrell in Dynasty.

She also appeared in the original run of British series Doctor Who and BBC drama Howards' Way.

In the 1990s she starred in the comedy show Absolutely Fabulous with Joanna Lumley.


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