ABC NewsMail - Afternoon Edition

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NewsMail Afternoon Edition
Fri 26 Jul, 2013

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Underground fuel tank explodes in Sydney

Two people have been taken to hospital after a disused underground fuel tank exploded in Sydney's north-west.

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The Drum

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Our wealth has only grown since the carbon tax

Opposition Leader Tony Abbott forecast that the carbon price would be an "absolutely catastrophic" and would "wipe out jobs big time".

But the half a trillion dollars that has been added to the combined value of housing and stocks listed on the ASX is hardly the stuff of wrecking balls.

The bottom line is that the economy is still growing, creating jobs and registering a quite stunning lift in wealth in the period since carbon was priced.

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Just In

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Coroner delays findings into Volkswagen driver's death

A Melbourne coroner has postponed handing down her findings into the death of a woman killed when her Volkswagen was hit from behind by a truck in 2011.

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World

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Juror says Zimmerman 'got away with murder'

A juror in the trial of Florida man George Zimmerman says he "got away with murder" when he was cleared over the death of unarmed black teenager Trayvon Martin. 

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Business

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Risk aversion hampering US recovery: Goldman Sachs chief

The head of the global investment bank Goldman Sachs says a lack of risk appetite among US businesses is hampering the country's economic recovery.

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Politics

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NT wants new deal for Gove refinery gas supply

The Northern Territory Government has reneged on a proposed deal to supply gas to Rio Tinto's Gove alumina refinery.

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Sport

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Scene set for Cooper to replace O'Connor as Wallabies fly half

Quade Cooper has been named in the Wallabies squad as a fly half while James O'Connor moves to the outside backs.

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Science and Technology

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Chattanooga steams ahead as America's first Gig City

One US city's unique approach to build the fastest internet network in the country is paying off.

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Environment

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Halliburton to plead guilty to Gulf spill charges

The US Justice Department says oil rig contractor Halliburton has agreed to plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill.

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