Chinese economy facing some risks

FALLING property prices in China and unregulated borrowing will have to be monitored closely to make sure it is not a risk to the world's second largest economy, the RBA says.

RBA governor Glenn Stevens says the Chinese economy is going along okay despite some volatility in monthly economic data.

"The real issue is the financial part of the economy," he said.Mr Stevens is confident that as the Chinese government deregulates the banking sector, there will be less shadow banking.Shadow banking is when some lending institution operate outside of the regulated banking system.Mr Steven acknowledged that property prices in China were falling, which could be a risk to its economy."I cannot really say with any accuracy at all just how this will unfold," he said in Brisbane."This is an issue that authorities have been alert to for quite a some time."

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Vic healthcare staff protections broadened

The VIC government says it will broaden new laws designed to curb attacks on healthcare workers. Source: AAP

NEW laws designed to curb assaults on Victorian healthcare workers will be broadened to include more professions, and house calls.

LEGISLATION will be introduced to parliament this week to create two new offences - for assaulting a registered healthcare practitioner in a hospital, or anywhere they are providing care to a patient.

Health Minister David Davis said it would build on law changes earlier this year, which set out tougher penalties for assaults on doctors or staff in hospitals or healthcare facilities."The Victorian coalition government is already demonstrating it is committed to improving safety and security in our hospital and healthcare services, and will not tolerate violence against hospital staff and healthcare practitioners," Mr Davis said in a statement on Wednesday."Our new legislation further extends this commitment to all registered healthcare practitioners going about their normal duties including GPs, nurses, midwives, dentists, pharmacists, physiotherapists and psychologists."The new offences will also extend the protection to healthcare practitioners during house calls.People who attack a healthcare professional in Victoria will face up to six months in jail - double the penalty for a common assault.

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British PM breaks holiday over beheading

BRITISH Prime Minister David Cameron has broken off his holiday for talks on the threat posed by ISIL jihadists following the "shocking and depraved" apparent beheading of US journalist James Foley.

CAMERON was returning to his Downing Street office in London to discuss the situation in Iraq and Syria as experts worked on trying to identify the executioner in the beheading video, who spoke with a British accent.

"If true, the murder of James Foley is shocking and depraved. I will today chair meetings on the situation in Iraq/Syria," Cameron said on Twitter.The video posted on Tuesday on the internet showed a masked militant beheading a man resembling Foley, who has been missing since he was seized in Syria in November 2012.Downing Street said in a statement on Wednesday that Cameron would meet with Foreign Secretary Philip Hammond and other senior officials "to discuss the situation in Iraq and Syria and the threat posed by ISIL (Islamic State of Iraq and the Levant, or ISIS, also Islamic State) terrorists".Wednesday was to have been the second day of the prime minister's break in Cornwall, southwest England.Hammond voiced his "absolute horror" at the apparent beheading, which he said is "just is one more example in a catalogue of brutality by this organisation", referring to ISIL.He said "atrocities" carried out by ISIL as it has seized swathes of territory in Iraq and Syria were driving the international community's efforts to support Iraqis and Kurds in pushing back against the "evil organisation".He also said the apparent attack showed the security threat posed by European extremists fighting with IS if they attempted to return home.The masked executioner in the video speaks English with a British accent."On the face of it, it appears to have been a British person. We'll have to do some more analysis to make quite certain that that is the case," Hammond said.Around 400 Britons are believed to have gone to Syria over the past two years.British extremists are among the "most vicious and vociferous fighters" in the ISIL ranks, said Shiraz Maher, an expert on jihadism.Maher, a senior research fellow at the International Centre for the Study of Radicalisation at King's College London, said they had been operating as suicide bombers and executioners."Foreign fighters going out to Syria are not going out there to be backseat riders. They are going out to be full participants in the war, to be at the forefront of the conflict," he said.He said he and his colleagues were "fairly satisfied that it's a Brit" in the video "due to the colloquialisms" used, as well the accent."We have a database of several hundred fighters in Syria and myself and my colleagues are frantically looking through it to try to pin him down," he added.France on Wednesday lashed out at the apparent execution of Foley, labelling it a "barbaric" and "disgusting" act."This is a barbaric act that plays on fear," government spokesman Stephane Le Foll told reporters after Francois Hollande convened his first cabinet meeting after the summer break.In a statement Foreign Minister Laurent Fabius said that if confirmed, the "disgusting assassination would show the true face of this 'Caliphate of Barbarism'."It merits the firmest condemnation from the international community and strengthens our determination to fight against the 'Islamic State' in accordance with Resolution 2170 of the UN Security Council" that condemns the activity of ISIL.Fabius added his condolences to the flood of messages of support. "In such a sad moment, our thoughts go to the relatives of the journalist - a great professional, acclaimed by all in France - and in particular to his mother Diane Foley, whom we hosted last April," the minister said."More than ever, France is committed to the right of journalists to work safely. There can be no impunity for those that carried out these barbaric acts."Thousands of people have already posted messages of condolence on the Facebook site Free James Foley.

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Heineken reports sales, profit drop

HEINEKEN NV, the Amsterdam-based brewer, has reported first half earnings showing a small drop in both revenues and profits - but says its underlying performance was good.

NET profit was 631 million euros ($A946.45 million), from 639 million euros in the same period a year ago.

Sales were down 1.4 per cent to 1.2 billion euros, which Heineken, the largest brewer by sales within Europe, said was due to the strong euro.Stripping out currency and acquisition effects, Heineken said its sales prices were up 1.5 per cent, and sales volumes rose 3.9 per cent.Chief Executive Jean-Franois van Boxmeer said on Wednesday the company's operations grew on a like-for-like basis in almost all regions in the first half but warned that growth in underlying profit and revenues would "moderate" in the second half.Meanwhile Danish brewer Carlsberg says uncertainty in its eastern European and vast Russian market continued to weigh on its financial performance during the second-quarter of the year.Carlsberg said on Wednesday net profit grew slightly to 2.2 billion kroner ($A42.63 million), up from 2.1 billion for the same period a year ago, on a modest revenue increase to 19.2 billion kroner for the three-month period ending June 30 against 19.06 billion kroner.The group said its eastern European markets are "increasingly challenging and uncertain", and expects them to deteriorate further in the second part of 2014 especially with consumption declines in Russia and Ukraine.Carlsberg's full-year net profit was expected "to decline by mid- to high-single-digit percentages".

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