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Ten Early News -

View in ParlView

(generated from captions) This program is captioned live.

Good morning. I'm Kathryn Robinson.

And I'm Frank Coletta. Welcome to

Ten's Early News. Our top stories Ten's Early News. Our top stories

today - the Australian Olympic

today - the Australian Olympic

swimming team receives a rock-star

welcome in Beijing as hundreds of

Internet sports fans get caught up in an

Internet ticketing scam.

Australian tourist Doujon Zammit, Australian Hundreds gather to farewell young

who died after being attacked by a bouncer in Greece. A

A tearful Michael Vaughan steps

down as England Test captain. I

know how proud my Mum and Dad have been...

In finance news, executive salaries

under the like skp as company under the like skp as company

profits take a hit. And the local

market expected to open lower today

after those falls on Wall Street.

First this morning - the Australian First this morning - the Australian

swimming team has received a

rock-star welcome in Beijing, with

its first challenge - getting past

one of the biggest media scrums the

sport has seen! With the weight of

golden expectations, the swimmers

are expected to shine in the first are expected to shine in the first

Beijing. week of the Games. Ian Cohen is in

Beijing.

Yes, thanks very much and good

morning. Really had to sharpen up

the old elbows a bit last night to

get amongst the media scrum! It was

quite something to see. The team

arrived in Beijing after the

tranquility of their camp at Kuala

Lumpur into the biggest media

reception they've seen since 2001 reception they've seen since 2001

when Ian Thorpe was at the height

of his powers. Some of the

teenagers needed a bit of direction teenagers needed a bit of direction

last night as well. Out of the way! Coming through! We're on

world-record pace! Our top

contenders blinded by the flash of

the cameras. I don't know where to

go! The media mayhem just a taste

of things to come in the chase for

gold. Nice to see it first-hand. It's good. While others just can't

wait to get into green and gold.

Very nervous, but first things

first - Weir getting our uniform today. That in itself will today. That in itself will be a

buzz. Even the veteran skipper

admitted this was unchartered

territory. There's going to be more

media, more of everything. It's on

a bigger scale. It makes the

Commonwealth Games and World

Championships looks like nothing.

We've probably been sheltered in

the last couple of days. I think

the this would certainly bring home to

the kids that, ah, the whole of the

world is probably watching as well

as the whole of Australia. The team

will have have their first look at

the pool this morning. You can see

it behind me. Also happening today

- Alicia Molik, the bronze

medallist from Athens, arrives at

the airport. We have boxers, divers, the airport. We have boxers, divers,

trampoliners and shooters coming

in too. Plenty more throughout the day.

Thousands of sports fans have been

coned by a global Olympic ticketing coned by a global Olympic ticketing

scam! A bogus website selling

tickets to the Games,

www.beijingticketing.com, was

uncovered after buyers all over the

world paid for tickets but didn't

receive them. Former NSW MP Kerry

Chikarovski is believed to be among

those duped. Olympic officials will those duped. Olympic officials those duped. Olympic officials will

today launch court action to try to

have the site shut down.

A memorial service has been held

overnight for Australian tourist

Doujon Zammit, who died after being

attacked by nightclub bouncer in

Greece. Hundreds gathered at a

Sydney park to farewell Doujon,

with images of the 20-year-old

shown on a big screen. His body is expected to be returned to

Australia later this week. A 25-year-old bouncer has been charged with murder. He remains

behind bars.

Peter Costello versus Kevin Rudd Peter Costello versus Kevin Rudd -

it's the political prize fight

which could prove a real problem

for Labor. But Mr Costello has yet

for Labor. But Mr Costello has yet

to reveal whether or not he wants to reveal whether or not he wants

the Liberal leadership. replacing Brendan Nelson Talk about the former treasurer has dominated political discussion. hasn't it? Labor has a lot to fear from him, Well, I think we know has got a lot of problems, Paul, that the Liberal Party the answer is another question. but whether Peter Costello is once an opposition leader, Simon Crean, has cautioned the Liberals.

the destabilisers. The party does not reward keep talking up Mr Costello. Senior Liberals

what a terrific bloke he is, We are all publicly saying keep talking up Mr Costello. Senior Liberals what a terrific bloke he is, We are all publicly saying he is, what a fantastic political talent

how much we miss him. We love him, we want him. It's unclear the leadership to be handed to him whether the former treasurer expects on a plate. One thing's for sure - on his political track record. he can expect Labor to focus

didn't go far enough. He thought that WorkChoices of unfair dismissal laws altogether. He wanted to get rid So he'll be held to account. fears the return of Peter Costello. The Prime Minister was asked if he

is not one of personalities, The question with the Liberal Party it's really just one of policies. Murray McCloskey, Ten News.

Qantas's safety and maintenance

operations will be put under the

spotlight as the aviation watchdog

begins a special safety

investigation into the airline. It

follows a third midair drama in the

space of just nine days. The latest

incident - a Manila-bound plane was

forced to turn back after

hydraulic fluid leaked from the

will carry wing. The Civil Aviation Authority

will carry out a review over the

next fortnight. Qantas says its

safety operations remain first class.

At least nine mountaineers have

been killed near the summit of K2 been killed near the summit of K2

in the Himalayas. Three more

climbers are still missing after a

huge chunk of ice sheered off the

The mountain and crash under to them.

The team were from France, Ireland,

Pakistan and Austria. They were

world's making their descent from the

world's second-highest mountain in

what is regarded as an extremely

dangerous stretch. 12 people died

of exposure in 1986.

England is on the hunt for a new

cricket captain after Michael

Vaughan and Paul Collingwood

stepped down as their Test and

one-day leaders. It follows their

5-wicket loss to South Africa in

the third Test at the weekend, the third Test at the weekend,

handing the Proteas their first

series win in England since 1965.

An emotional Vaughan said his mind

was no longer on the job, and thanked his parents for their

support. They've been a huge rock, um ...

I know how proud my Mum and Dad

have been.

have been. Kevin Pietersen is

favoured to get both jobs.

The NRL is threatening to

deregister troubled Canberra

halfback Todd Carney until 2010 if

he doesn't agree to the Raiders'

plan to keep him at the club today.

The hurt continues at the Bulldogs

after Sonny Bill Williams' departure. They've been mauled by the Wests Tigers. Talk about kicking your team when they're down. COMMENTATOR: Crisp has watched it bounce. The Bulldogs handed a 56-4 lesson by the Tigers. You know, I've really got no answers at the moment. We just haven't got enough guys playing to first-grade standard at present. The game over by the break. The Bulldogs leaking 28 first-half points, among them a double to debutant fullback Shannon Gallant. Definitely, I'm happy with two tries. Two tries in first grade I'll take any day. But so undermanned were their opposition, that's about all the Tigers are taking from the result. We won't review that game. We know that, although it was a good performance by us, we're going to have some more difficult tasks ahead of us in the next couple of weeks.

No Todd Carney again for the Raiders as they took on a rampant Brisbane. Stood down for the rest of the season,

he's still hoping for that ban to be lifted. It's not my decision. REPORTER: Would you like to have him back? No comment.

That could be resolved by management today, while the team is working on its defence.

We needed to see where we're at, and obviously we're still a little way off the mark. 34-6 to the Broncos, a little way off the mark. 34-6 to the Broncos, who again loom as the end-of-season smiling assassins.

We've done this enough times now that we know what works and what doesn't.

We just gotta try and finetune it. Paul Cochrane, Ten News.

Retired Fremantle midfielder

McManus maps will remember his last

game for years to come. Shaun McManus starred in the Dockers' McManus starred in the Dockers McManus starred in the Dockers'

dominant 33-point win over West dominant 33-point win over West

Coast in Perth overnight. After 14

years in the game, the veteran

midfielder says the time is right

to say goodbye. It means the world

to me, mate, and you know that, and to me, mate, and you know that to me, mate, and you know that, and

I'm so proud. So proud. But it

wasn't all good news for the

Dockers - Jeff Farmer sure to come under

under fire for this stray elbow.

To under fire for this stray elbow.

To finance now, and Frank, further

so signs inflation may have peaked. Yes,

Yes, inflation easing slightly in

July. The Melbourne Institute's

monthly inflation gauge rose just

0.4% in July, following 0.5% in

June. It's outside the Reserve

Bank's comfort zone of 2-3%. The

latest figures show inflationary

pressures may have peaked.

Economists predict the official

cash rate will be left on hold. A

75% chance of a rate cut before 75% chance of a rate cut before

October. And the latest house-price

figures due out today could give

another clue about when we should

expect a rate cut. The bureau of

statistics' house price index for

capital cities will show when

whether the economic slowdown is

still biting the real-estate

sector. The economy is slowing

after high interest rates and

rising petrol prices.

Salary packages for senior company

executives could be overhauled due

to the slowdown in corporate

earnings and share market turmoil.

Remuneration advisors say many

boards have been forced to

fast-track reviews of

executive-incentive schemes as the

fallout continues from the global credit crunch.

Wall Street finished the week with

a fall. There could be some

volatile days ahead as investors

brace for a new batch of reports,

and also the Fed's assessment of

the US economy.

Let's have a look at this Let's have a look at this morning's

newspaper front pages now. The 'Daily Telegraph' has more on the

Olympic ticketing scam that's cost sports fans hundreds of thousands

of dollars.

The 'Financial Review' says the increasing volatility of the share market is a changing the way

listed companies pay their listed executives.

'The Australian' says the Rudd

Government is staking its economic

credentials on its wide-ranging

review of the tax system.

A deadly stampede in India - we'll have that story next!

MAN: Shh! Something's coming. What? Listen and learn. Turbocharged. ENGINE PURRS Direct injected. Dynamic stability and traction control. Sports car. VOICEOVER: Sports car thrills meet SUV practicality. SONG: # Zoom, zoom, zoom... # Mazda CX-7. It's not just all-wheel drive, it's all-wow drive. # Zoom, zoom, zoom. # BOY: Zoom-zoom.

This program is captioned live.

You're watching Ten's Early News.

Making headlines today - a moving

tribute for the young Australian

tourist killed while on holiday on

a Greek island.

The aviation watchdog to begin its The aviation watchdog to begin its

thorough safety investigation into

Qantas after a third midair scare

in less than two weeks.

The Australian swim team touches

down in Beijing as hundreds of

sports fans are caught up in a

global Olympic ticketing scam.

In business news - the credit

crunch hits the Bank of Scotland,

and down with the Dow - the local market

market expected to open lower after

those falls on Wall Street.

But first this morning - hundreds

of people have gathered to farewell young Australian tourist Doujon Zammit,

Zammit, who died after being

attacked by a nightclub bouncer in

Greece. A large crowd pack under to

a Sydney park to farewell Doujon,

with images of the 20-year-old

being shown on a big screen. His

body is expected to return to

Australia later this week. A 25-year-old bouncer has been

charged with murder. He remains

behind bars.

A team of six air-safety experts

will begin an investigation into

Qantas's safety and maintenance

operations. The airline insists it

has first-class safety standards,

despite a third mid-flight

emergency in less than a fortnight.

A hydraulic fluid leak is to blame

for the latest scare. The 767

headed to Manila was forced to

turn back to Sydney. There was a

noise - some funny noise - from the

- I don't know what it was. I

thought it was a child crying, but

it was some sort of noise, like...

a lion growling. We could see the

water coming out of the wings, so

that gave us a good indication of something going something going wrong. The midair

incident is the airline's third in

nine days. While the aviation

authority says there's no evidence

that standards have fallen, it's

launched a review into the

airline's safety and maintenance

operations. Clearly, there've been

a number of incidents recently, and

it's important that we go in and

double-check and make sure that all

the standards are being maintained. Quantsis also under pressure from

cabin crew, with unions demanding

it overturn a decision to outsource

maintenance. Some of these things

we are seeing is a direct result.

People shouldn't have to get on a Qantas aeroplane and worry about

whether they're going to make it to

their destination or not. The safety

safety review will be carried out

over the next two weeks.

The Liberal Party is under pressure to

to hose down talk of a leadership

takeover. Peter Costello has yet to

declare his intentions, as declare his intentions, as speculation mounts he's the right

man for the job. We are all

publicly saying what a terrific

bloke he is, what a fantastic

political talent he is, how much we

miss him. Um, we love him. We want

him. There's a question mark over

how much support Dr Nelson has

within the party, following his

handling of the emissions-trading debate.

Australia's Olympic swimmers have

been greeted like rock stars in

Beijing, just days out from the

start of competition. The swimmers

had to navigate their way through a

massive media scrum, some a little

overwhelmed by all the attention.

Been a little bit sheltered in the

last couple of days. I think this

would certainly bring home to the

kids that the whole of the world is

probably watching, as well as the

Olympic officials whole of Australia. Meantime,

Olympic officials will launch court

action today to try to shut down a

bogus ticketing website. Dozens of

Australians have been caught up in

the scam, involving the sale of

around $50 million worth of tickets.

Millionaire British skipper and his

crewimate have thanked their

rescuers after running onto a reef

ground after off North Queensland. Back on

ground after spending three

terrifying hours stranded at sea.

70-year-old Peter Turner and his

crewmate Tim Wood were quick to

thank their rescuers. They are

second to nonement brilliant. Its

hull crash under to a coral reef

500km off Cairns. The British sailors

sailors were taking part in an

around-the world yacht race, but

say the reef wasn't on their map.

Really heavily. It was an amazing

crash. And immediately she turned

right over onto its side and

started leaking watt, and we had a

rough time for three hours. There

were some tense moments as waves

continued to crash against the

rescue cable. They were a bit dazed,

I guess, and probably grateful to

anxious see us. They've spent quite a few

anxious moments in the early hours

of the morning, and being impounded of the morning, and being impounded

by waves, they were on the edge of

a reef. The $1.6 million yacht is

expected to break up at sea.

145 people have been killed in a

stampede at an Indian temple. Tens

of thousands of pilgrims had

flocked to the shrine in the

Himalayas for a religious festival

when rumours of a landslide paniced when rumours of a landslide paniced

the crowd. People fleeing down the

mountain collided with those still

climbing the narrow path. Dozens

fell to their deaths when a guard

rail gave way. But many were

crushed trying to avoid the ed crushed trying to avoid the edge.

Fremantle has given veteran midfielder Shaun McManus the

perfect send-off, with an

impressive 33-point win over arch

rivals the West Coast Eagles. It

could also be Jeff Farmer's last

match maesh - a stray elbow sure to

Review Panel. come under scrutiny from the Match

for a favourite son to bow out, It was the best possible way

after 14 years in the game. Shaun McManus saying goodbye to wear this jumper. It has just been an honour and you know It means the world to me, mate, and you know that.

I'm so proud, so proud. was soured - But the Dockers' emphatic win for a lack of discipline. Jeff Farmer again in hot water St Kilda has moved into the top eight over Port Adelaide at Telstra Dome. with a gutsy 8-point win Riewoldt! Riewoldt with a classic. COMMENTATOR:

for the Saints - But it wasn't all good news helped from the field midfielder Luke Ball in the dying stages a serious hamstring injury. with what looked like They don't really know. he's just a bit sore. He just thinks It was a massive collision and then was a bit wobbly. because he got the head have reclaimed second spot And the Western Bulldogs over Sydney in Canberra. with a come-from-behind win All that does now is give us four games clear of fourth.

We're four games left. maybe carrying a few little things, There's a couple of blokes

maybe get some games into players so we're able to

to help us in September as well. who might be able

Luke Schneider, Ten News.

Sonny Bill Williams could be

playing for French rugby union side

Toulon as early as Friday after

working out on the -- walking out

on the Bulldogs. It's reported he

will arrive for a medical ask

contract talks on Tuesday. But back

home, things for the Dogs aren't

getting any brighter. They've gone

down 56-4 to the Wests Tigers.

low. Morale at the club sinking to a new

You know, we just - at the moment,

we're not up to first-grade

standard. Plenty of points in

Brisbane - the Broncos back to

their best, handing Canberra a thumping 34-6.

It's been a dramatic end to the

Hungarian Grand Prix, Heikki

Kovalainen with his maiden Formula

1 win. Felipe Massa was up in front

until his engine blew up three laps

from the end. This extraordinary

Hungarian circuit delivers up its

seventh different winner in seven seventh different winner in seven years! What an extraordinary Grand

Prix! German Timo Glock crossed

second, with Ferrari's Kimi

Raikkonen third. Current champ

leader Lewis Hamilton finished

fifth from poll position after a

punctured tire, while Aussie Mark Webber was ninth. -- punctured tyre. Economists say inflationary

pressures may have peaked, with the

monthly inflation gauge rising 0.4%

in July, after a 0.5% increase in

June. And with more, CommSec joins

us live now. The Reserve Bank board

meets tomorrow on interest rates. us live now. The Reserve Bank board

How much will these figures factor

in on their decision? The Frank,

the latest inflation reading is

still well above the RBA's comfort

zone. We think the central bank zone. We think the central bank

will be looking at other

indications, showing the economy is indications, showing the economy is

about to slow. Rising oil prices

and the credit crunch have clearly

taken their toll on the Australian

economy, whilst we don't expect any change

change to interest rates this week.

The Reserve Bank could start

preparing Australians for a rate

preparing Australians for a rate cut in coming months. cut in coming months.

Look forward to that! What can we expect

expect from local stocks today?

It's not looking like a great start. It's not looking like a great start.

Stocks on Wall Street fell by 0.5% Stocks on Wall Street fell by 0.5%

on Friday night. A higher oil price

could give energy stocks today.

Elsewhere, other commodities were

lower, and BHP shares were down lower, and BHP shares were down

more than 4% in New York trade on

Friday night. Not looking lite a

great start. The futures pointing great start. The futures pointing

to a loss of between 35-40 points, to a loss of between 35-40 points,

or about 0.75%. Thanks for the

update. Thanks.

In a breakthrough for Opes Prime creditors, ANZ and Merrill Lynch

have signed off on a mediation agreement. The confidential

discussions will try to resolve a

number of disputes which arose when

ANZ and Merrill Lynch sold more

than a billion worth of clients'

shares to recoup their own debts.

Iron ore tycoon Andrew Forest's fortune

fortune has plummeted. According to

news limit railroad reports, his

wealth has dropped more than 37% in wealth has dropped more than 37% in

the past month after hedge funds

targeted his Fortescue Metals group.

Fortescue shares struck a low of

$7.91 last Tuesday. The action by

overseas hedge fund is believed to

be a response to predictions of a

continuing shortage of iron ore. The global credit crunch has continuing shortage of iron ore.

claimed

claimed another victim, with the

Royal Bank of Scotland set to to

unveil -- unveil the biggest loss in

in the history of British banking,

expected to announce a pre-tax loss

of at least $2.1 billion for the

six six months of this year, but

some analysts say it could be

double that figure. Briefly,

Australia's manufacturing activity

hass had hyta new 3-year low.

Nine mountaineers killed in an avalanche in the Himalayas. The details details next. And

details next. And more in finance details next. And more in finance

when the Early News returns.

This program is captioned live.

This is Ten's Early News. Making

headlines today - the Australian

Olympic swimming team receives a

rock-star welcome in Beijing as

hundreds of sports fans get caught

up in an Internet ticketing scam.

Hundreds gather to farewell young

Australian tourist Doujon Zammit,

who died after being attacked by a bouncer in Greece.

A tearful Michael Vaughan steps

down as England Test captain. I

know how proud my Mum and Dad have

been. been.

It's been a dramatic day for the

team - one-day captain Paul

Collingwood also stepping down.

In finance news - executive

salaries to be put under the microscope as company profits tyke a hit.

And the local market expected to

open lower today after falls on

Wall Street.

First this morning - the Australian

swimming team has received a rock-star

rock-star welcome in Beijing, with

its first challenge - getting past

one of the biggest media scrums the

sport has seen!! With the weight of

golden expectations, the swimmers

have expected to shine in the first

week of the Games. Ian Cohen is in

Beijing and has more!

Yes, thanks very much and good

morning. Really had to sharpen up

the old elbows a bit last night to

get amongst the media scrum - it

was quite something to see! The

team arrived here in Beijing after

the track tran quilt of their camp

at Kuala Lumpur into the biggest

media sereception they've seen

since 2001 when Ian Thorpe and team

arrived in Japan. Last night, a couple of teenagers needed a bit couple of teenagers needed a bit of

direction as well. Out of the way, direction as well. Out of the way,

boys. Coming through! This is the

Olympics - we're on world-record

pace! Our top contenders blinded by

the flash of the cameras. I don't

know where to go! The media mayhem

just a taste of things to come in

the chase for gold. It's just nice

to see it first-hand. It's good.

While others can't wait to get into

green and gold. Very nervous. First

things first, we're getting our

uniform today. That in itself will uniform today. That in itself

be a buzz. Even the veteran skipper

admitted this was unchartered

territory. There's going to be more

media, more of everything. It's on

a bigger scale. Steve Waugh on

board for his mentor role, and even

break-up girl Emily Rice ready to

go. We've probably been a little

bit sheltered in the last couple of

days. I think this would certainly

bring home to the kids that the whole of the world is probably

watching as well as the whole of Australia.

The team will have their first look

at the pool this morning. You can see at the pool this morning. You

see it behind me. Also happening

today - Alicia Molik, the bronze

medallist from Athens, arrives at

the airport, along with our boxers,

divers, trampoliners coming in,

along with shooters too. So plenty

more details throughout the day.

Ian cohelp in Beijing there! Ian cohelp in Beijing there!

Meantime, thousands of sports fans

have been conned by a global --

have been conned by a global --

conned by a global Olympic ticketing scam.

Www.beijingticketing.com was

uncovered after buyers all over the

world paid for tickets but didn't

receive them. Olympic officials

will today launch court action to

try and have the site shut down.

A special memorial service has been

held overnight for Australian tourist Doujon Zammit, who died

tourist Doujon Zammit, who died

after being attacked by a nightclub bouncer in Greece. Hundreds

gathered at the a Sydney ark park

to farewell Doujon, with images of

the 20-year-old being shown on the

big screen. His body is expected to

return to Australia later this week.

A 25-year-old bouncer has been

charged with murder. He remains behind bars.

Qantas's safety and maintenance

operations will be put under the

spotlight as the aviation watchdog

begins a special safety

investigation into the airline. It investigation into the airline. It

follows a third midair drama in the

space of just nine days. In the

latest incident, a Manila-bound

plane was forced to turn back after plane was forced to turn back after

hydraulic fluid leaked from the

wing. The sieve aviation authority

will carry out a review over the will carry out a review over t will carry out a review over the

next fortnight. Qantas says its

safety operations remain first class.

Peter Costello versus Kevin Rudd -

it's the political prize fight

which could prove a real problem

for Labor. But Mr Costello has yet

to reveal whether or not he wants to contend the Liberal leadership. Talk about the former treasurer replacing Brendan Nelson has dominated political discussion. Labor has a lot to fear from him, hasn't it? Well, I think we know has got a lot of problems, Paul, that the Liberal Party the answer is another question. but whether Peter Costello is once an opposition leader, Simon Crean, has cautioned the Liberals. The party does not reward the destabilisers.

keep talking up Mr Costello. Senior Liberals what a terrific bloke he is, We are all publicly saying he is, what a fantastic political talent

how much we miss him. We love him, we want him. It's unclear the leadership to be handed to him whether the former treasurer expects on a plate. One thing's for sure - on his political track record. he can expect Labor to focus didn't go far enough. He thought that WorkChoices of unfair dismissal laws altogether. He wanted to get rid So he'll be held to account.

fears the return of Peter Costello. The Prime Minister was asked if he is not one of personalities, The question with the Liberal Party it's really just one of policies. Murray McCloskey, Ten News.

At least nine mountaineers have

been killed near the summit of K2

in the Himalayas. Three more

climbers are still missing after a

huge chunk of ice sheered off the

mountain and crashed into them. The

team was from France, Ireland, team was from France, Ireland,

Pakistan and Austria. They were

making the descent from the making the descent from the

world's second-highest mountain in

what is regarded as an extremely

dangerous stretch.

Actress Christina Applegate has been diagnosed with breast cancer. The

The 36-year-old is now undergoing treatment. Her publicist says the

cancer was picked up early in a

routine examination. Applegate has

been a Hollywood star since being

cast in 'Married with Children' in

1987. The Emy award winner is

expected to appear in a televised

fundraising campaign for cancer

next month. research across the United States

England is on the hunt for new England is on the hunt for new

Vaughan and Paul Collingwood cricket captains after Michael

stepped down as their Test and

one-day leaders. It follows their

5-wicket loss to South Africa at

the weekend, handing the Proteas

their first series win in England

since 1965. An since 1965. An emotional Vaughan since 1965. An emotional Vaughan

said his mind was no long thorn job,

and thanked his parents for their

support. They've been a huge rock ...

have been. I anyhow how proud my Mum and Dad

both jobs. Kevin Pietersen is favoured to get

both jobs.

The NRL is threatening to deregister troubled Canberra The NRL is threatening to

deregister troubled Canberra

halfback Todd Carney until 2010 if

he doesn't agree to the Raiders'

plan to keeping at the club.

Meantime, the hurt continues at the Meantime, the hurt continues at the Bulldogs, after Sonny Bill Williams's departure. They've been mauled by the Wests Tigers. Talk about kicking your team when they're down. COMMENTATOR: Crisp has watched it bounce. The Bulldogs handed a 56-4 lesson by the Tigers. You know, I've really got no answers at the moment. We just haven't got enough guys playing to first-grade standard at present. The game over by the break.

The Bulldogs leaking 28 first-half points, among them a double to debutant fullback Shannon Gallant. Definitely, I'm happy with two tries. Two tries in first grade I'll take any day. were their opposition, But so undermanned are taking from the result. that's about all the Tigers a good performance by us, We know that, although it was difficult tasks ahead of us we're going to have some more in the next couple of weeks. as they took on a rampant Brisbane. No Todd Carney again for the Raiders

for the rest of the season, Stood down for that ban to be lifted. he's still hoping

It's not my decision. It's not my decision. for that ban to be lifted.

to have him back? REPORTER: Would you like No comment. by management today, That could be resolved is working on its defence. while the team We needed to see where we're at, a little way off the mark. and obviously we're still 34-6 to the Broncos, the end-of-season smiling assassins. who again loom as

We've done this enough times now and what doesn't. that we know what works We just gotta try and finetune it. Paul Cochrane, Ten News.

Retired Fremantle midfielder Shaun

for McManus will remember his last game

for years to come. McManus starred

in the Dockers' dominant 33-point

win over West Coast in Perth last night. After 14 years night. After 14 years in the game, night. After 14 years in the g

the veteran midfielder says the

time is right to say goodbye.

Waring this jumper means the world

to me, mate, and you know that. I'm

so proud. So proud. But it wasn't

all good news for the Dockers -

Jeff Farmer sure to come under fire

for this stray elbow.

To finance with Frank. Further To finance with Frank. Further

signs inflation may have peaked.

Finally. Hopefully, Kath. Finally. Hopefully, Kath. Inflation

eased slightly in July. It rose eased slightly in July. It rose

0.4% in July following a 0.5%

increase in June. Inflation remains well outside the Reserve Bank's

comfort zone, though, of 2-3%. But

the latest figures suggest

inflationary pressures may have

peaked. But Reserve Bank board

meets tomorrow, with economists

predicting the official cash rate

will be left on hold, but financial

markets are factoring a

markets are factoring a 75% chance

of a rate cut before October.

The latest house-price figures due

out today could give another clue

about when to expect a rate cut. The Bureau of Statistics' house

price index for capital cities will

show whether the economic slowdown

is still biting the real-estate

sector. A string of economic

reports over the past week

reports over the past week

indicated the economy is slowing

after high interest rates, and also rising petrol prices. after high interest rates, and also rising

rising petrol prices.

Salary packages for senior company executives could be about to be

overhauled due to the slowdown in

corporate earnings and the share corporate earnings and the share

market turmoil. Remuneration

advisors say many boards have been

forced to fast-track reviews of

executive incentive schemes, as the

fallout continues from the global

credit crunch. Briefly, Australia's

manufacturing activity has hit a

in July. new 3-year low, falling 0.1 points

Let's see how the markets closed:

Wall Street finishing the week with Wall Street finishing the week with

a fall. There could be some a fall. There could be some

volatile days ahead as investors

volatile days ahead as investors

reports. brace for a new of -- batch of

To the newspaper headlines now -

the Adelaide advertise reports on

the spectacular dress rehearsal in

China for the opening ceremony of

The 'Financial Review' says access the Beijing Olympics.

laws for major pieces of export

infrastructure will be overhauled

by the Rudd Government.

The 'Courier-Mail' reports on a

runaway bull keeping motorists in

Brisbane on their tows yesterday.

-- toes yesterday.

Would have been fun!

A dramatic sea rescue off the coast

of Queensland - details when the Early News returns.

This program is captioned live. You're

watching Ten's Early News. Making

headlines today - a moving tribute

for the young Australian tourist

killed while on holiday on a Greek

killed while on holiday on a Greek island.

The aviation watchdog to begin its

safety investigation into Qantas

after a third midair scare in less

than two weeks.

The Australian swim team touches

down in Beijing as hundreds of

sports fans are caught up in a

global Olympic ticketing scam.

In business news - the biggest loss

in British banking for the Bank of

Scotland. And down with the Dow -

the local market expected to open

lower after last week's fall on Wall Street.

First this morning - hundreds of First this morning - hundreds of

people have gathered to farewell

young Australian tourist Doujon

Zammit, who died after being

attacked by a nightclub bouncer in

Greece. A large crowd packed into a

Sydney park to farewell Doujon,

with images of the 20-year-old

shown on a big screen. His body is

expected to return to Australia

later this week. A 25-year-old

bouncer has been charged with

murder. He remains behind bars.

murder. He remains behind bars.

The Liberal Party is under pressure

to hose down talk of a leadership

takeover. Peter Costello has yet to

declare his intentions as speculation mounts he's the right

man for the job. We are all publy

saying what a terrific bloke he is,

what a fantastic political talent

he is, how much we miss him. We

love him. We want him. There's a

question mark over how much support

Dr Nelson has within the party,

following his handling of the

emegzs-trading debate.

A team of air-safety experts will

begin an investigation into

Qantas's safety and maintenance

operations. The airline insists it

has first-class safety standards,

despite a third midflight emergency in less than a fortnight.

A hydraulic fluid leak is to blame for

for the latest scare. The 767

headed to Manila was forced to turn

back to Sydney. There was a noise - back to Sydney. There was a noise -

the some funny noise from the - I

don't know what it was. I thought

it was a child crying, but it was

some sort of noise, like a lion

growling. We could see the water

coming out of the wings. That gave

us a good indication that something

was going wrong. It's the was going wrong. It's the airline's

third midair incident in nine days. While there's no evidence standards

have fallen, a review has been

launch under to the airline's

safety and maintenance operations. safety and maintenance operations.

Clearly, there have been a number

of incidents recently. It's

important that we go in and double

had-check and make sure that all the standards are being maintained.

Quantsis also under pressure from

cabin crew, with unions demanding

it overturn a decision to outsource

maintenance. Some of these defects maintenance. Some of these defects

that we're see are a direct result. People

People shouldn't have to get on a

Qantas aeroplane and worry about

whether they're going to make it to

their destination or not. The

safety review will be carried out

over the next two weeks.

Australia's Olympic swimmers have

been greeted like rock stars in

Beijing just days out of the from

the start of competition. The

swimmers had to navigate their way

through a massive media -- media

scrum, some a little overwhelmed by

the attention. There's going to be

more media, more of everything. It

makes the Commonwealth and World

Championships look like nothing

compared to this. Dozens of

Australians have been caught up in a

a bogus ticketing scam, involving

the sale of around $50 million

worth of tickets online.

A millionaire British skipper and

his crewmate have thanked their

rescuers after being hauled from

their yacht off North Queensland.

Back on ground after spending three

terrifying hours stranded at sea. terrifying hours stranded at sea.

70-year-old Peter Turner and his

crewmate, Tim Wood, were quick to

thank their rescuers. Amazing.

The argument rescue services are

second to none. Brilliant. The crew

became stuck after its hull crash

under to a coral reef 500km off

Cairns. The British sailors were Cairns. The British sailors we Cairns. The British sailors were

taking part in an around-the-world

yacht race, but say the reef wasn't

on their map. Really heavily. It

was an amazing crash. And

immediately she turned right over

onto its side, and started leaking

water. And we had a rough time for

three hours. The there were some

tense moments as waves continued

to crash against the rescue cable.

They were a bit dazed, I guess, They were a bit dazed, I guess, and

probably grateful to see us.

They've spent quite a few anxious

moments in the early hours of the

morning, and being impounded by

waves, they were on the edge of a

reef. The 1.6 million-dollar boat

is expected to break up at sea.

145 people have been killed in a

stampede at an Indian temple. Tens

of thousands of pilgrims had

flocked to the shrine in the

Himalayas for a religious festival

when rumours of a landslide paniced

the crowd. People fleeing down the

mountain collided with those still

climbing the narrow path. Dozens

fell to their deaths when a guard

rail gave way, but many were

crushed to trying to avoid the edge.

Fremantle has given veteran

midfielder Shaun McManus the

perfect send-off, with an

impressive 33-point win over arch

rivals the West Coast Eagles. But

it could also be Jeff Farmer's last

match - a stray elbow sure to come

under scrutiny from the Match Review Panel. It was the best possible way for a favourite son to bow out, after 14 years in the game. Shaun McManus saying goodbye It has just been an honour to wear this jumper. It means the world to me, mate, and you know that. I'm so proud, so proud. But the Dockers' emphatic win was soured - Jeff Farmer again in hot water for a lack of discipline. St Kilda has moved into the top eight with a gutsy 8-point win over Port Adelaide at Telstra Dome.

COMMENTATOR: Riewoldt! Riewoldt with a classic. But it wasn't all good news for the Saints -

midfielder Luke Ball helped from the field in the dying stages with what looked like a serious hamstring injury.

They don't really know. He just thinks he's just a bit sore. It was a massive collision because he got the head and then was a bit wobbly. And the Western Bulldogs have reclaimed second spot with a come-from-behind win over Sydney in Canberra. All that does now is give us four games clear of fourth. We're four games left. There's a couple of blokes maybe carrying a few little things, so we're able to maybe get some games into players who might be able to help us in September as well. Luke Schneider, Ten News. Sonny Bill Williams could be

playing for French rugby union side

Toulon as early as Friday, after

walking out on the Bulldogs. It's

reported he'll arrive for a medical

and contract talks on Tuesday. But and contract talks on Tuesday. But

back home, things for the Dogs

aren't getting any brighter.

They've gone down 56-4 to the Wests

Tigers - morale at the club sinking

to a new low. You know, at the

moment we're just not up to

first-grade standard. Plenty of

points in Brisbane - the Broncos

back to their best, handing

Canberra a thumping 34-6.

It's been a dramatic end to the

Hungarian Grand Prix, and it's

handed McLaren's Heikki Kovalainen his

his maiden Formula 1 win. Ferrari's

Felipe Massa was out in front until Felipe Massa was out in front until

his engine blew up three laps out

from the chequered flag,

from the chequered flag,

providing a clear run to the line

for Kovalainen. COMMENTATOR: Heikki

Kovalainen - this extraordinary

seventh Hungarian circuit delivers up its

seventh different winner in seven

years - what an extraordinary Grand Prix! German

Prix! German Timo Glock crossed

second, with Ferrari's Kimi

Raikkonen third. Current Champ

leader Lewis Hamilton finished

fifth from pole position after a

punctured tyre, while Aussie Mark punctured tyre, while Aussie Mark

Webber finished ninth.

Economists say inflationary

pressures may have peaked, with the

monthly inflation gauge rising 0.4%

in July after a 0.5% increase in June. And with

June. And with more, CommSec joins

us now. The Reserve Bank board

meets tomorrow on interest rates.

How much will these figures factor

Reserve Bank would still be in that decision? Obviously the in that decision? Obviously the

concerned that inflation is still

quite high. It will be looking at

other indications that show current other indications that show current

interest-rate levels are working to

cool the economy. We're not

expecting any change to

interest-rate levels this week, but

the RBA may start preparing us for

a possible rate cut in coming a possible rate cut in coming

months. What's likely to happen

locally today? It's not looking

like a great start. We did see

stocks on Wall Street fall by 0.5%

on Friday night. We've had a higher

oil price, but elsewhere, other

commodities have fallen. That is

likely to take away from the mining

stocks today. The futures pointing

to a drop of between 35-40 points,

or about 0.75 pe, when our market

opens - hopefully, though, some

bargain hunters may pick up some of

those banks, which were heavily sold off on Friday. Thank you.

Thanks. Stkpwhraef iron ore tycoon

Andrew Forest's fortune has pl following a coordinated Andrew Forest's fortune has plumed

short-selling blitz by

international hedge funds. His

wealth has droppedplore than 37% in

the past month after hedge funds

targeted his mort skew metals group.

They struck a low of $7.91 last

Tuesday, the action believed to be

a response to predictions of a a response to predictions of a continuing shortage of iron ore.

Before we go - news that the latest

Ford Falcon has become the first

Australian-built car to get a world

5-star rating for crash safety. Thank you.

Recapping today's top stories now -

the Australian Olympic swimming

team receives a rock-star welcome

in Beijing as hundreds of sports

fans get caught up in an Internet

ticketing scam. Hundreds

Hundreds gather to farewell young

Australian tourist Doujon Zammit,

who died after being attacked by a bouncer

bouncer in Greece.

And the aviation watchdog to begin

its safety investigation into Qantas

Qantas after a third midair scare

in less than two weeks.

That's it for Ten's Early News. I'm

Kathryn Robinson. Bye for now. And

I'm Frank Coletta. Have a great day.

Supertext Captions by Red Bee Media Australia. Australia. www.redbeemedia.com.au