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RESERVE BANK OF AUSTRALIA CUTS INTEREST RATE TO THREE YEAR LOW

Down here in Australia, the Central Bank has cut its key interest rate to a three year low.

The Reserve Bank of Australia cut the rate by 25 basis points, to 3 and a quarter per cent in its first cut since June.

That’s on the back of a high Aussie dollar, and concern about export prices. The RBA says week international growth is affecting Australia’s economic outlook.

Dubai police chopper rescues tourists in desert
The Dubai Police Air Wing has rescued tourists lost in the desert earlier this week.
Abu Dhabi works to ensure student safety
Officials in the capital are looking at ways to ensure greater safety for students.
Football coach imprisoned for fathering child with lover
A football coach has been sentenced to one month in prison for having an illegitimate child with his Eastern European lover.

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