Asian markets continue to suffer under the pressure of shareholders' fear. Japanese markets dropped 5% at one point during trading, and other Asian markets, including Australia, showed similar losses. N. Tourret reports from Tokyo.
Facing a long period of drought, the Australian government is buying back water rights from farmers, which could mean the end of irrigation townships like Coleambally, in the southern part of New South Wales.
2009's Tour Down Under in Australia could see the comeback of US cycling star Lance Armstrong, according to a press agency quoting Australian authorities. Armstrong is expected to give further details in a series of press conferences.
Doubts about the USA's 700 billion dollar plan to rescue the financial sector pushed down stock prices across Asia. Hong Kong shares were down 2.7% in morning trading, and Australian shares slipped 1.9%.
Three expeditions on Australia's coral reef, led by an international team of scientists, have unveiled hundreds of new marines species, including more than 100 soft corals and a dozen small crustaceans.
Despite a 1.5 trillion yen ($14.4 billion) injection into money markets by the Bank of Japan, Japanese share prices dived in the aftermath of the Lehman Brothers demise, a tumble that was mirrored in the leading Asian markets Tuesday.
Australian swimmer Stephanie Rice announced she has "early stages" of pneumonia, two days after coming back from Beijing where she won three gold medals and beat three world records during the Olympic Games.
The discovery of the remains of a prehistoric giant kangaroo has changed some scientists' minds as to the reason for the animal's extinction. A recent study suggests man, and not climate change, is the culprit.