Tags: Australia

Australian counterterrorism police arrested a man on Tuesday who officials say was planning to advise the Islamic State group on how to develop missiles.

With low current account deficit level, it is almost certain that Australia is entering a time of recession. However, infrastructure and household spending, as well as higher exports, seem to give hope to the contraction.

Phil Lowe has a cuttingly sharp message for politicians and business. He says it's up to them to do a whole lot more than monetary policies to avoid bigger social and economic problems.