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Christmas Island local says rescue effort hampered by navy delay

Christmas-Island he said islanders trying to rescue the passengers were traumatised by the sound of screaming from “dying, panicked people from the desert who couldn’t swim”. Simon Prince, who operates a dive shop next to the scene of the tragedy, said the stricken refugee boat had... [Read More]

Tax concerns jeopardise US financial reform effort

Members of Congress are revising an agreement on reform of the US financial sector after Republicans objected to a tax on large financial institutions. After a marathon 19-hour negotiating session by House and Senate legislators on Thursday, Democrats were confident their bill would pass both chambers. But... [Read More]