Australian councils, charities and churches that lost millions of dollars on risky investment products during the global financial crisis have agreed a settlement, the liquidator of Lehman Brothers Australia said Tuesday.
A class action over birth defects linked to the morning sickness drug thalidomide was settled in an Australian court Monday, with the British distributor agreeing to pay victims AU$89 million (US$81 million).
Australia's largest-ever consumer class action lawsuit, in which customers of several banks are fighting for the return of more than AU$240 million (US$220 million) in fees, began in Melbourne on Monday.
Myanmar Nobel laureate Aung San Suu Kyi urged greater openness and compassion in the global struggle against AIDS Sunday as experts warned against complacency despite falling infection rates.
Prime Minister Tony Abbott vowed to be “absolutely candid” with world leaders but sidestepped questions on spying as Australia assumed the leadership of the G-20 for 2014 on Sunday.
Australian Treasurer Joe Hockey has indicated he would resist the government taking a stake in Qantas, in comments reported Saturday, after calling for a debate on the national carrier's future.
A teenager died after being attacked by a shark in Australia on Saturday, police said, one week after a surfer was fatally mauled in the nation's west.
Australia refused Thursday to back down from criticism of China's newly declared air defense identification zone, with Prime Minister Tony Abbott proclaiming a right to “speak our mind.”
An Australian man was found guilty Wednesday of throwing his Canadian girlfriend off the balcony of their high-rise Sydney apartment, ending a murder trial which captivated the nation.
Australia's new conservative Prime Minister Tony Abbott has lost the lead which swept him to power in September, with voters unconvinced by his response on asylum-seekers and climate, a poll showed Monday.