Sometimes new isn't also improved. Like in Australia. The central bank has confirmed that its latest batch of 50 dollar notes has the same word misspelled three times on millions of notes. The bank says it will correct it at the next print run.
Australia's largest bank has said it will pay massive fines over claims it violated anti-money laundering laws. The Commonwealth Bank's CEO said "we fully appreciate the seriousness of the mistakes we made."
Australia's government has rejected a clean energy plan that would have forced electricity companies to source a percentage of their power from renewables. Conservation groups say the decision is a huge mistake.
National Australia Bank will compensate thousands of pension fund customers who paid for advice they did not receive, according to a massive financial sector inquiry that has turned its sights on the pension industry.
Ex-Pope Benedict XVI says the sexual revolution of the 1960s is to answer for child sex abuse in the Catholic Church. The former pope wrote in an essay that "absence of God" was behind acts of pedophilia.
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