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Australia's current account deficit stretched to a record 11.6 billion Australian dollars (US$7 billion) from the impact of the drought, slow global growth and a high demand for imports, official figures showed Monday.
The Australian dollar powered through 61 US cents to a three-year high yesterday after the Organisation for Economic Co-operation and Development (OECD) praised Canberra for its sound management that made Australia one of the world#039;s best performing economies.
Australia kept interest rates on hold yesterday against a backdrop of global uncertainty and slowing growth as farmers fight the continent#8217;s worse drought in a century and sluggish export markets.
Badminton singles head coach Misbun Sidek has earned his due recognition when he was named as winner of the national men's Coach of the Year award for 2002 Wednesday night.
Used to treating eye disorders in refugee camps, Dr Abdullah Abdullah is continuing his work of vision on the world stage as Afghanistan's Foreign Minister, writes PAUL GABRIEL.
THE upper reaches of the Yellow River, China's second longest river, is at its lowest level in 50 years due to sustained drought and decreasing rain and snow.
The good news is that Bollywood's biggest icon, Amitabh Bachchan, has shorn his trademark goatee. Now you will see the lanky legend playing a super cop minus the beard.
As a king without a kingdom, the Maharawal of Jaisalmer in India now plays the role of a people#8217;s man, writes TERRY FRIEL.
Former national number one Choong Tan Fook-Lee Wan Wah are back on the winning track in the local circuit, ending a two-year drought by winning the Selangor Open badminton men's doubles title Sunday.
Top seed Lleyton Hewitt defeated fellow Australian Mark Philippoussis 6-4, 6-4 on Sunday to win the Scottsdale Classic title for the second time.