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Mon 24 Mar, 2014

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France spots objects in missing jet search area

French satellites have detected images of "floating debris" in an area of the southern Indian Ocean which is currently being scoured for wreckage of missing Malaysia Airlines flight MH370.

Malaysia's transport ministry said France passed on new satellite images showing "potential objects" in the so-called southern search corridor, about 2,500 kilometres south-west of Perth.

The statement gave no details of the number, size or precise location of the objects shown in the French pictures.

The images will be the focus for search planes due to take off from the Pearce Air Force base in Perth this morning, with Chinese and Japanese military aircraft due to arrive to help out.

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The Drum

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Capitalism suddenly not looking so bad

While the wheels haven't exactly fallen off the great China growth saga, what once was deemed the miracle economy has begun to fray around the edges.

For a while it was a beacon for those who thought centrally planned or partially controlled economies had an edge over the unpredictable nature of unrestrained entrepreneurialism. Until now.

Just how China responds to the myriad economic crises now besieging the country will have huge ramifications for the rest of the globe, particularly Australia.

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Just In

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Pell to appear before child abuse royal commission

The former Archbishop of Sydney, Cardinal George Pell, will make his first appearance at the royal commission into child sexual abuse today.

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World

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Learn from the past, encourage peace: Shinzo Abe

The Japanese prime minister has visited the Anne Frank museum in Amsterdam, hailing the lessons of history ahead of his first meeting with the South Korean president.

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Business

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Consumer groups in last-ditch appeal over financial reforms

A coalition of consumer groups has written to the Federal Government, Opposition and Greens senators, urging them not to support the changes to the Future of Financial Advice reforms.

FoFA took effect last year under the former Labor government and was designed to tidy up the financial services industry in the wake of disasters such as the collapse of Storm Financial.

Opponents of the existing arrangements say the reforms have introduced too much red tape and the amendments will save the industry millions of dollars.

However, a coalition of six consumer groups including Choice say the Government should not repeal FoFA.

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Politics

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May budget 'extraordinarily difficult' without Sinodinos: Wong

Opposition frontbencher Penny Wong says it will be "extraordinarily difficult" for the Government to put together the May budget without an assistant treasurer.

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Sport

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Maxwell heroics fail to save Aussies from defeat

Australia lost to Pakistan by 16 runs in its opening World Twenty20 match, despite a swashbuckling half-century from Glenn Maxwell.

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Science and Technology

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NASA camera used on Apollo Moon missions sells for $835k

The only camera to return from NASA's Moon missions between 1969 and 1972 has been sold at auction in Vienna for 550,000 euros ($835,000), far outdoing its estimated price.

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Environment

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UN climate change report card predicts Australia will get hotter

The latest United Nations report card on the impacts of climate change predicts Australia will continue to get hotter.

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