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NewsMail Morning Edition
Wed 26 Feb, 2014

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$300 million drought package to be unveiled

A drought package worth more than $300 million will be unveiled by the Federal Government today.

Cabinet met last night to finalise and sign off on the package, which the ABC has been told is worth between $320 million and $330 million.

Much of that amount is aimed at increasing access to government-backed concessional loans, which can help farmers restructure their debt, deal with low cash flows and survive the drought.

Prime Minister Tony Abbott has already announced he will bring forward new welfare payments for struggling farmers from July.

But the package is also likely to include help for people battling mental health issues and depression.

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The Drum

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Reality may disrupt this G20 growth target

The big outcome of the G20 finance ministers meeting this past weekend was a commitment to improve economic growth over the next five years and to come up with a specific growth target.

But while aiming for growth is a good thing, let us not forget that sometimes reality gets in the way of all predictions.

The past five years suggest that there's a great deal of time for a slip betwixt the cup and the lip.

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Just In

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Two police officers injured in Gold Coast attack

Two police officers have been treated in hospital for cuts, after being stabbed during a struggle with a man on Queensland's Gold Coast last night.

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World

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Japan to restart nuclear reactors

The Japanese government has announced its intention to restart the country's 48 nuclear reactors, after two years of inactivity.

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Business

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Qantas still keeping job loss numbers below the radar

Qantas is refusing to comment on speculation that it will announce 5,000 job cuts when its half-year results are released on Thursday.

The struggling carrier is under pressure to restructure its finances as it seeks a debt guarantee from the Federal Government.

However Qantas says it will not comment on the latest job cut figure reported by News Limited tabloid newspapers, which quote an unnamed Qantas source.

"There is lots of speculation about what things we will or won't announce on Thursday, but we're not in a position to comment on that speculation," a Qantas spokesman told the ABC.

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Politics

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'Fat' MP says food star rating system will not work

A Government MP who describes himself as fat says the Coalition should discontinue any plans to restore a food star ratings website it withdrew in controversial circumstances.

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Sport

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Pitch helped us beat Mitch, says Amla

Hashim Amla has said the second Test pitch helped his Proteas side handle Mitchell Johnson at Port Elizabeth.

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Science and Technology

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Qld scientists hope to turn China's red bayberry into Aussie favourite

Queensland scientists are hoping to turn a traditional Chinese fruit into a new Australian favourite.

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Environment

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Beijing smog prompts WHO to declare crisis

A thick blanket of smog covering much of northern China has led the World Health Organisation to declare a crisis.

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