The nation's largest brewer Foster' s claims its main rival Kiwi brewer, Lion Nathan is undercutting prices on its Toohey's product in New South Wales. Speculation is running hot that the St George Bank won't be able to resist a takeover offer by a larger rival now that the ANZ group has become a shareholder. And while the wagons are circling St George says it's no big deal. With relations between Moscow and the west already heavily strained a new spy scandal is posing yet another test. Russia's internal security service has briefly detained an American diplomat claiming she was caught red handed trying to get secret strategic documents from a Russian citizen.
Today is the first day of summer in Australia.