An 80-year-old pensioner on Queensland's Sunshine Coast lost his life savings in an online scam, which uses identities like Dick Smith and trusted brands like the ABC to promote them.

The typical Australian is now worth more than $260,000, knocking Switzerland off the top of the global rich list.

Construction on Sydney's newest city centre will begin before the end of the year, with the NSW government releasing first images of how it will look.

More than 1,000 people flock to the KwaZulu-Natal province in South Africa in search of diamonds.

RUSSIA’S central bank has announced a dramatic hike of its key rate from 10.5 to 17 per cent to try to halt an out-of-control slide in the rouble.