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China worsens credit squeeze as manufacturing output declines

Credit default swaps (CDS) on five-year bonds rose by 33 basis points to 133bps, according to financial data firm MarkitThe cost of insuring against a default on Chinese sovereign debt soared on...

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Tony Abbott to release vision for northern development

Coalition will propose different tax rates for those who head north, a move strongly supported by magnate Gina RinehartTony Abbott is proceeding cautiously with the grand northern development policies...

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Six women selected for jury in George Zimmerman trial

Prosecutors and defence attorneys choose six-person panel after two weeks of weighing potential bias among candidatesA jury of six women, five of them white, was picked Thursday to decide the...

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House defeats $500bn farm bill amid bipartisan opposition

Almost all Democrats voted against bill that would have cut $20bn from food stamps but quarter of Republicans also voted noRepublican budget-cutters joined with Democratic defenders of food stamps on...

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New York bar owners pay $2,500 fine over favouring British job applicants

Owners of Brooklyn's Welsh-themed Longbow had argued an 'intimate knowledge of British culture' was necessary for workThe owners of a Welsh-themed bar have agreed to pay a $2,500 (£1615) fine to the...

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Obama to nominate Jim Comey for FBI director role

Comey, 52, who formerly worked at the Justice Department, would replace Robert Mueller, who is expected to step downPresident Obama will nominate Jim Comey to be the next FBI director on Friday,...

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George Osborne laughs off jibes after Obama's name mixup

Chancellor turns down duet offer from singer Jeffrey Osborne after US president confused the pairHe may have suffered a mortifying case of mistaken identity at the hands of Barack Obama but at least...

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Who's the bonehead, Hockey or Swan?

Wayne Swan maligned his rival for suggesting Australia's employment situation was mediocre. But was Joe right?Greg Jericho

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Violent sell-off in world markets after Federal Reserve signals end to QE

Ben Bernanke's comments spark a global fall in stock markets and commodities, and strong rise in government bond yieldsStock markets worldwide plummeted on Thursday, after the Federal Reserve chairman,...

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David Beckham causes a stir in China and more from Royal Ascot: the best news...

The Guardian's award-winning picture team rounds up the most eye-catching images of the dayJonny WeeksFiona Shields

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Five questions to Ebony Allen: this week on IndigenousX

Each week, a new guest hosts the @IndigenousX twitter account. We're inviting them to tell us about who they areEach week, a new guest hosts the @IndigenousX twitter account to discuss topics of...

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Xbox One: was Microsoft's reversal the right decision?

The company has abandoned plans for a 'digital first' console, turning to a model based on boxed copies and pre-owned sales. Have consumers won?The internet won – that's the message flooding Twitter....

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Bobbing lights and cover-up claims in last release of MoD UFO files

Hotline was shut down in 2009 after 50 years of recording reports of flying saucers and answering questions from publicOne sighting in December 2007 described two clusters of amber, orange and white...

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Afghanistan: flagging up the problems ahead | Editorial

If there is to be an end to this war, it has to be brought about by Afghans dealing with each otherOne thing should concentrate the minds of parties to the peace talks announced by the Taliban on...

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In praise of... Tony Soprano | Editorial

Shakespeare would have been proud to have written for Tony SopranoWhen the Italian-American Defence Association filed a suit against Time Warner Entertainment claiming The Sopranos offended the dignity...

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FTSE slumps amid fears US may halt stimulus package

More than £48bn wiped off value of Britain's top 100 companies as US Federal Reserve signals that it could wind down stimulusMore than £48bn was wiped off the value of Britain's top 100 companies on...

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Drunk man let seven-year-old drive, police say

Boy was allegedly driving around the Gold Coast at 3am with headlights off when officers noticed him at the wheel

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A 'convoy of cleavages' is not feminist activism | Helen Razer

Helen Razer: Australian feminists have protested against sexist remarks by posting their cleavages on social media. I would rather they button themselves upHelen Razer

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Philippines: a booming economy struggles to make growth inclusive | Mark Tran

Finance minister Cesar Purisima says the government's pledge to root out corruption and spend more on education and health aims to ensure a more egalitarian spread of benefitsCesar Purisima, the...

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Jeffrey Smart, urban landscape artist, dies in Italy aged 91

Renowned Australian artist of unique post-industrial landscape imagery dies in Arezzo of renal failureJeffrey Smart, the renowned Australian urban landscape artist, has died in Italy at the age of...

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