Pakistani Taliban selects new leader

THE Pakistani Taliban has selected Khan Said Sajna as the insurgent group's new leader after Hakimullah Mehsud was killed in a US drone strike, members of the organisation say. Sajna is from a group within the Pakistani Taliban that was in favour...

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Myanmar rebel groups agree on peace plan

EIGHTEEN ethnic rebel groups have reached an agreement to sign a ceasefire with the Myanmar (Burma) government if it agrees to their conditions. The rebels agreed to negotiate with the government over the armistice, something the country has...

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Safe assumption phone was tapped: Carr

BOB Carr says while he was foreign minister it was a "safe assumption" to operate as though his phone calls were being monitored. Mr Carr's comments come after media leaks from former US intelligence contractor Edward Snowden revealed that German...

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Imax creates home systems for China market

IMAX says it's partnering with Chinese TV maker TCL to design and manufacture a home theatre system aimed at China's growing ranks of affluent movie fans. The companies said on Tuesday the joint venture expects to launch the new system in China...

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Barnes & Noble releases new Nook e-reader

BARNES & Noble is releasing a new Nook e-book reader for the Christmas holidays while it evaluates the future of tablet computers. Nook tablets haven't sold well amid intense competition with Apple's iPad, Amazon's Kindle Fire and others....

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GM 3Q earnings fall, but beat forecasts

GENERAL Motors' third-quarter net income fell 53 per cent compared with a year ago, as one-time expenses masked a strong performance in North America and a narrowed loss in Europe. The company earned $US698 million ($A738 million) in the quarter,...

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Mars co-owner charged in US fatal crash

JACQUELINE Badger Mars, an owner of the sweets company Mars, will face a reckless driving charge after a fatal crash in the US. Police says Mars was driving a Porsche sport utility vehicle in Virginia on October 4 when it crossed the centre...

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Disadvantage persists in schools: report

A NEW report paints a bleak picture of how disadvantaged students do at school, say the people who work with those children. The COAG Reform Council report on education, released on Wednesday, shows there are still huge gaps between the performance...

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Disengaged youth cause for concern

MORE than a quarter of young Australians are neither learning nor earning in the years after school, a report says. Experts are concerned if the disengaged youth of Australia aren't drawn back into the economy they could become a "lost" generation....

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Business credit hit by FBT uncertainty

UNCERTAINTY surrounding the previous Labor government's planned changes to fringe benefit tax (FBT) on cars had a dampening impact on overall business credit in the run-up to the September election. However, credit data provider Veda says low...

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BP sees profit drop in Q3, raises dividend

UK oil company BP has reported a 34 per cent drop in third-quarter net profit, but says it will increase its quarterly dividend and divest another $US10 billion ($A10.4 billion) in assets. BP blamed a drop in refining margins for the decrease...

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Jackson's doctor released from jail

THE former doctor convicted of causing Michael Jackson's death has been released from jail. Jail records confirmed Conrad Murray's release on Monday and the sheriff's office said he left a downtown Los Angeles jail at 12.01am (1800 AEDT). The...

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Investment outlook rests with govt

HOPES are fading that non-mining sections of the economy will be taking up the slack of a waning resources investment boom any time soon. So an independent forecaster believes government infrastructure spending must be encouraged. In its latest...

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NSW trucks deregistered for tunnel delays

THREE trucks have had their registration suspended after becoming stuck in Sydney tunnels and causing lengthy traffic delays. Their drivers are the first to be hit by state laws introduced in July. Roads Minister Duncan Gay said one over-height...

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Cyprus president expects positive review

CYPRUS' president says he expects international creditors' latest review to approve the country's handling of its bailout program. Cyprus in March got a 10 billion euro ($A14.5 billion) loan to save it from bankruptcy, but in return it had to...

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Vic opposition slams road compo plans

Victoria's opposition say proposed changes to the road accident compensation scheme are unfair. Source: AAP PROPOSED changes to Victoria's road accident compensation scheme are unfair and unjust, the state opposition says. The Victorian...

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Teen stabbed at Melbourne party

Two people were injured at a party attended by about 200 youths in Melbourne's western suburbs. Source: AAP A 15-YEAR-OLD boy has been stabbed during a fight at a large Melbourne party. Police say the teenager was stabbed twice and a...

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Govt must justify $9b RBA payment: Bowen

Labor is demanding Treasurer Joe Hockey justify his reasons for giving the Reserve Bank nearly $9bn. Source: AAP LABOR is demanding Treasurer Joe Hockey justify his reasons for giving the Reserve Bank nearly $9 billion in what it's calling...

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Royals turn out for Opera House 40th

LIKE many Australians, Crown Princess Mary has a fond appreciation for the Sydney Opera House. The Tasmanian-born Danish Royal even conceded before a crowd of 5000 on Sunday it was one of two things she knew about Denmark before her marriage to...

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