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Australia's biggest oil company went to Africa seeking riches, but lost hundreds of millions and left under a cloud.

Leading economists warn that Australia's dream run is over, with rising unemployment, slowing growth and continued higher prices likely in the next 12 months.

Ross Garnaut's draft report on climate change has six key messages.

Petrol should be included in Australia's carbon emissions trading scheme, but low-income households should be compensated for higher power and fuel bills, nation's top climate change expert warns.

The new State Government Architect, Geoffrey London, whose appointment was announced yesterday, will play a key role in shaping Melbourne's future.

Australian sharemarket crashes to lowest level in almost two years, as fears grow that faltering American economy could lead rest of the world into recession.

Kevin Rudd's plan for Asia Pacific Community dead in the water, says respected regional academic and former Singaporean diplomat.

Money can buy almost anything - and for Melbourne ratepayers that includes a better local park.

Two volunteer groups refuse controversial powers brought in by NSW Government to police "annoying and inconvenient" conduct at World Youth Day events.

Victorian taxpayers will pick up $90,000-plus bill for Premier's two-week trip through the United Arab Emirates, Japan and China in February.

The Rudd Government is facing pressure to boost income support for tertiary students.

John Walsh was making tea when his daughter Shelly returned to her parents' house at Cowra.

The State Government wants to press ahead with a tourist theme park in Victoria, despite the collapse yesterday of controversial plans for a $220 million Disney-style African safari park at Werribee Open Range Zoo.

Residents and landowners in a small community on Ninety Mile Beach in Gippsland have won a planning reprieve.

Bob Hawke was there, celebrating the legacy of his first act as prime minister.

The Labor Party faces bitter internal recriminations after the Brumby Government suffered a swing of 16.5% in its heartland seat of Kororoit.

John Brumby has emerged from the most important electoral contest of his premiership with his authority diminished and his reputation tarnished.

As the new federal member for Gippsland watched his children clamber around a playground, the mobile phone in his pocket trilled every few minutes.

The honeymoon finished a while ago, but Kevin Rudd still seemed to exist in a political bubble. On Saturday night that burst.

Kevin Rudd is talking through his hat about "tough decisions" in the budget causing the swing against Labor in Gippsland, and he is smart enough to know it.