Finnish cruise liner yard to shut, 700 jobs cut

  Ship builder STX Finland says it will shut down the yard where some of the world’s largest cruise liners were built as the weak global economy continues to hit the European industry. Citing low profits and a lack of orders, the company says it will close the Rauma yard during 2014 with some 700…

Stooping The Boats Starts From Day 1

Tony Abbott has vowed ”more forthright” interdictions of asylum-seeker vessels in the seas to Australia’s north from Wednesday as he moves to put an immediate stamp on border protection. Mr Abbott, unveiling his frontbench on Monday, set his incoming immigration minister Scott Morrison the challenging task of making a difference ”from day one” after the…