ABC NewsMail - afternoon edition

NewsMail Afternoon Edition Fri 05 Aug, 2011 Top Stories More Top Stories » Market dives to two-year low on recession fears Rebecca Hyam, Ben Atherton and Michael Janda The Australian share market has plunged more than 4 per cent amid panic selling sparked by fears of a new global recession and a massive sell-off on the US and European markets. The All Ordinaries fell to its lowest point since July 2009 in the wake of a Wall Street rout which saw the Dow Jones lose more than 4 per cent, wiping billions off the value of US stocks in the worst one-day fall for two years.More » Fears mount of new global financial crisis Sending children to Malaysia indefensible: Barnett Yingluck confirmed as Thai prime minister Analyst calls for decisive action to save euro Thousands hit by licence disqualification bungle Minchin savages Turnbull in open letter 'Satan Nostradamus' not guilty of killing mother 'Nazi philosophy' behind ethics classes: Nile Obama turns 50 amid political turmoil More Analysis » The global craze for austerity will result in more pain Fear is again stalking international markets. Wall Street and European bourses suffered huge sell-downs as investors rushed for the exits. For much of the northern hemisphere, the bad economic news this year has been unrelenting. But none of this will affect Australia, right? Wrong. As anyone who owns a cafe or a clothes store will know, Australia's economy is already showing marked signs of weakness.More » Apologising for the bomb: a letter on our anniversary Conversations: the world's in for a wild economic ride Moonlight affair still clouds Gillard's identity What if the Oslo terrorist was Ahmad Breivik? Put down your gun: the tyranny of professional 'consensus' Giving birth to the AFL's giant, vile beast No end to hacking's house of horrors The Arab Spring Myer, Myer on the wall, who's got the worst service of all? World More World » Yingluck confirmed as Thai prime minister Yingluck Shinawatra has become politically turbulent Thailand's first female prime minister after parliament endorsed her crushing election victory. Political novice Ms Yingluck, the sister of ousted former leader Thaksin Shinawatra, gained support from 296 members of the lower house out of a potential 500 - reflecting the majority enjoyed by her party and its allies.More » World stocks plunge on recession fears Investors flee as debt crisis rips into eurozone Scepticism as Assad allows opposition parties Piers Morgan facing questions over hacking claims Obama turns 50 amid political turmoil New IMF head embroiled in payout investigation Science and Technology More Science and Technology » Telescope detects oxygen in space The European Space Agency's Herschel telescope has found the first confirmed evidence of oxygen molecules in space, according to a report published this week in the Astrophysical Journal.More » NBN heading for six new towns NASA gets close look at asteroid Vesta Half of European men 'share King Tut's DNA' Alleged LulzSec spokesman charged in UK Environment More Environment » Turnbull decries war on climate science Jeremy Thompson Opposition frontbencher Malcolm Turnbull has hit out against climate change sceptics on his side of politics, saying there has been a "war on science" that contradicts common sense. He also warned the Liberal Party against veering too much to the right, using his popularity as a moderate in the New South Wales seat of Wentworth as an example of wresting votes from Labor.More » Murray water reform delay under fire Greens demand action on Sumatra logging claims Carbon tax protesters march in Sydney British PM praises Gillard's carbon tax About this email You received this email because you are subscribed to ABC News email alerts. This message was sent to you at omsstraffic.4321@blogger.com Please add newslists@your.abc.net.au to your email address book to see images by default and stop the email being treated as spam. This email address is not monitored - Please don't reply to this email. Manage your preferences | Unsubscribe | Contact Us   This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. Australian Broadcasting Corporation, 700 Harris Street, Ultimo NSW 2007 © 2011 ABC | Conditions of Use | Privacy Policy | Discover other ABC Email newsletters