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In business, a Chinese state-owned company plans to take over one of the few remaining independent coal miners in Australia. Chinese coal giant Yanzhou will merge with Gloucester Coal, which has mines in Queensland and New South Wales, in a $2 billio
The Australian share market has rallied after the Christmas break though many trades are still on holiday, so volumes were light. And there are just 1.5 days of trading left for 2015 by the close day. The All Ordinaries jumped 1.1 percent, the ASX 20
Official figures show that the UK is in the grip of the longest recession since records began. Britain's economy contracted in the third quarter of this year, with the GDP falling 0.4%.This comes as a surprise to economists who were expecting a rise
This is the VOA Special English Development Report. Australia wants to show that existing power stations can be refitted to burn coal in a much cleaner way. A demonstration project will seek to develop new technology over the next four years that ma
A unique program to capture carbon at coal power stations has been unveiled in Australia. Operators of a demonstration plant say it is the first of its type in the world and involves burning coal in oxygen rather than air, which reduces carbon dioxi
The Australian share market suffered its biggest one-day fall since February, 2013 today on fears that global growth is slowing. The All Ords and the ASX 200 dropped 2% matching the fall that we saw on Wall Street overnight where the Dow Jones closed