• MOVED: GN28943 AUSTRALIA: Floods hit NSW and Queensland (52mm wide by 98mm deep)
  • MOVED: GN28945 BUSINESS: Who owns Facebook interactive (600px wide by 600px deep)

Australia flooding 1 col 1530gRecord floodwaters hit Australia

MOREE, NSW -- Towns have been cut off and thousands of people evacuated from their homes after record floodwaters hit the states of New South Wales and Queensland. More than 10,000 people have been left stranded.

Massive flooding in the region killed 35 people last year.



ARGENTINA: Falklands blockade threatFalklands fear Argentine blockade

PORT STANLEY -- British diplomats fear that Argentina is preparing to impose an economic blockade of the Falklands by cutting off the islands’ only air link with South America and their main connection with the outside world.

EUROPE: Freezing weekend forecastEurope's deep-freeze toll tops 100

LONDON -- Record low temperatures in parts of Eastern Europe have pushed the death toll from the past week’s Arctic conditions to at least 100 people. The freeze is forecast to spread further south and west into the weekend.


PAPUA NEW GUINEA: Ferry disasterFerry sinks off PNG – 238 rescued

PORT MORESBY -- Rough seas are slowing rescue efforts for as many as 100 people missing after the ferry MV Rabaul Queen sank off the east coast of Papua New Guinea. Authorities have confirmed that 238 survivors have been rescued.

FOOTBALL: Worst stadium disastersEgypt mourns football clash dead

PORT SAID -- At least 74 people were killed when supporters clashed at an Egyptian soccer match, prompting fans and politicians to turn on the ruling army for failing to prevent the deadliest incident since president Hosni Mubarak was ousted from power.


Play Facebook filing reveals $3.7bn income

NEW YORK -- Facebook has filed papers with the SEC for what's expected to be the largest initial public offering ever to come out of Silicon Valley and one of the largest in U.S. history. The stats reveal $3.7 billion revenue in 2011 and $1 billion net income.

AVIATION: Dassault Rafale factfileFrench jet beats Eurofighter in $10bn deal

NEW DELHI -- French firm Dassault has emerged as the lowest bidder for a $10bn contract to supply India jet fighters. Dassault Aviation will now enter final talks before signing a deal that will supply India's air force with 126 Rafale warplanes.


FRANCE: Sarkozy & Hollande economic pledgesSarkozy seeks poll boost with 'Robin Hood' tax

PARIS -- French President Nicolas Sarkozy has pledged to introduce a Robin Hood tax on financial transactions while Francois Hollande, the left-wing front runner in the French presidential race promises to tax banks and the rich.

BUSINESS: Sony boss steps downSony's boss gives up CEO role

TOKYO -- Sir Howard Stringer, one of the few foreign bosses to head a major Japanese company, is to give up his role as Sony chief executive. Sir Howard, who is from Cardiff, will be replaced by Kazuo Hirai, executive deputy president.


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Pictures: Associated Press, Getty Images