H&R Block 2Q loss narrows as revenue rises

H&R Block's fiscal second-quarter loss has narrowed, helped by cost-cutting efforts, and revenue has climbed mostly because of a strong tax season in Australia. The US' largest tax preparation company typically turns in a loss in the August-to-October...

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No more survivors in Dutch ship sinking

RESCUERS have given up hope of finding any more survivors from a cargo ship that sank in the frigid North Sea off the Dutch coast, saying they are searching for the bodies of six crewmen still missing. That brings the presumed death toll to 11. ...

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ECB holds rates, holds off on more easing

THE European Central Bank (ECB) has left its key interest rate unchanged at a record low, holding off on further stimulus even as the economy across the 17 European Union countries that use the euro limps through a recession. The bank's 22-member...

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China car sales on track for record: GM

US car giant General Motors (GM) says its full-year sales in China, the world's biggest auto market, will surpass last year's 2.55 million and set a new record. In the first 11 months, sales of GM and its ventures in China surged 10.4 per cent...

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Hugh Jackman still eyes 007 role

HUGH Jackman is ready to don a tux and sip a martini with the Aussie screen star joking that he is willing to wait for his chance to play famous fictitious British spy James Bond. Jackman, 44, said he was too busy playing Wolverine in the X-Men...

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HK leader warns of housing 'talent drain'

HONG Kong's leader says the Chinese city needs to boost its housing supply and create more living space or the "best and the brightest" talents of the next generation will go elsewhere. Property prices in Hong Kong, one of the world's most densely...

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Sender of first text message 'amazed'

THE British software engineer who sent the world's first text message 20 years ago said on Monday that he is amazed at how the technology has developed. The engineer, Neil Papworth, was chosen by chance to send the message -- which read "Merry...

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British ministers can't meet Dalai Lama

THE British government banned two ministers from meeting the Dalai Lama during his visit this summer, prompting them to accuse London of bowing to pressure from Beijing, it emerged on Monday. Tim Loughton and Norman Baker, who both have long-standing...

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UK to cut down on corporate tax avoidance

THE British government said on Monday it would spend more money catching tax avoiders, after an MPs' committee accused major multinational companies including Starbucks, Google and Amazon of "immorally" dodging tax. The companies insisted they...

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Students want sex ed sooner: study

HIGH school students want sex education sooner and topics including pregnancy and puberty taught in primary school, a study has found. But most teachers of grade five and six students are uncomfortable talking about the reproductive system in...

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News Corp announces end of The Daily

NEWS Corp has announced a new head of its British newspaper arm and said it was ending publication of its iPad app, The Daily. The media conglomerate said Mike Darcy, a former chief operating officer of BSkyB, will replace Tom Mockridge as CEO...

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Pressure mounts over Israeli settlements

PARIS and London called in Israel's envoys for consultations on Monday as the Jewish state faced mounting diplomatic pressure over plans to build 3,000 settler homes in east Jerusalem and the West Bank. Germany and Russia also raised concerns...

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Chinese court wants apology

A CHINESE court wants an apology from a newspaper which said it jailed 10 "interceptors" who held people trying to complain about the government. The state-run Beijing Youth Daily reported overnight that 10 were imprisoned for illegally detaining...

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Productivity in mining a disaster: BIS

THE mining sector's labour productivity is a disaster that will block much future job growth in the industry, says a new report. Pressure from lower commodity prices, high and rising costs and the lowest labour productivity in a generation had...

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Productivity in mining a disaster: BIS

THE mining sector's labour productivity is a disaster that will block much future job growth in the industry, says a new report. Pressure from lower commodity prices, high and rising costs and the lowest labour productivity in a generation had...

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Geithner invites Republican counter-offer

US PRESIDENT Barack Obama is ready for tough concessions to reach a deficit deal, but Republicans must commit to higher tax rates on the rich. That was the view of Treasury Secretary Timothy Geithner who made appearances on five Sunday talk shows...

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Diggers non-combat injuries 'intolerable'

AT least one in eight Australian soldiers who served in Afghanistan suffered a non-combat related injury or physical or mental illness between 2005 and October 2012. A senior soldier welfare advocate said a 12.5 per cent casualty rate would...

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New Zealand slams Kyoto extension

NEW Zealand's climate minister on Sunday strongly defended a decision not to sign an extension of the Kyoto treaty that limits greenhouse gas emissions, saying the pact is outdated, and his country's policy is "ahead of the curve." At climate...

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