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NewsMail Morning Edition
Fri 20 Dec, 2013

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Pair guilty of murdering British soldier Lee Rigby

Two British Islamists have been convicted of murdering soldier Lee Rigby in a gruesome daylight attack in London which shocked the world.

Michael Adebolajo and Michael Adebowale ran over the 25-year-old soldier near an army barracks in May then attacked his unconscious body with knives and a meat cleaver, trying to behead him.

They then dragged his corpse into the middle of the road where Adebolajo asked a bystander to video him, with his hands covered in blood, as he calmly explained what he had done.

The jury at London's Old Bailey criminal court took just over an hour to decide unanimously that Adebolajo and Adebowale were guilty of murder.

"This has been the toughest time of our lives and no one should have to go through what we have been through as a family," a Rigby family spokesman said.

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The Drum

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These falls may be just the beginning for the AUD

Instead of cutting rates, the Reserve Bank has been trying to talk down the Australian dollar in order to provide a boost to the international competitiveness of local businesses.

This mission has just been given a boost by the US Federal Reserve's decision to start winding back its so-called quantitative easing program.

As the US economy improves, and the Fed pumps less greenbacks into the global financial system, the US dollar is likely to keep appreciating, therefore pushing the Australian dollar down against it.

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Just In

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People injured after balcony collapses in London theatre

Emergency services are called to a London theatre after a balcony collapsed.

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World

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People injured after balcony collapses in London theatre

Emergency services are called to a London theatre after a balcony collapsed.

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Business

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Australian dollar drops as US Fed decides to scale back economic stimulus

The Australian dollar has touched a three-year low against the greenback after the US Federal Reserve said it would begin scaling back its massive stimulus program next month.

It then rebounded, jumping to as high as 89.45 cents as investors began to digest the details of the announcement.

The Fed will reduce its monthly asset purchases by $US10 billion from January, bringing them down to $US75 billion.

It is the central bank's first step towards winding back the stimulus that has helped the US recover from its worst recession since the 1930s.

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Politics

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Putin backs US spying, says Arctic 30 arrests a 'lesson'

Russian president Vladimir Putin has described US surveillance programs as a necessity to fight terrorism but also expressed admiration for fugitive Edward Snowden over his leaking of the schemes.

Meanwhile, Mr Putin has warned activists that the treatment of a Greenpeace group who protested on a Russian oil rig should serve as a lesson.

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Sport

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SBW to return to rugby in 2015

Sonny Bill Williams will leave the Sydney Roosters after the 2014 NRL season and return to rugby union.

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Science and Technology

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Experts warn against experimental stem cell treatments

Patients who undergo experimental stem cell treatments run the risk of serious injury, experts have warned.

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Environment

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'Good neighbour' payments on offer near wind turbines

Residents close to a proposed 120-turbine wind farm east of Adelaide can apply for 'good neighbour' payments if they back the project.

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