$1.6bn hole in budget as alcopops tax fails
Prime Minister Kevin Rudd faces a $1.6 billion budget hangover, after anti-binge drinking campaigner Steve Fielding joined the coalition in the Senate yesterday to sink the big tax increase on alcopops. The West

World Bank looks to China to counter global gloom
The World Bank has cut its forecast for China's economic growth this year to 6.5 per cent, from 9 per cent last year, but said that the world's third-largest economy was already showing signs of stabilisation. The Fin Review