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(generated from captions) This program is captioned live. Hello. I'm Kathryn Robinson. And

Early News. I'm Frank Coletta. Welcome to Ten's I'm Frank Coletta. Welcome to Ten's

Making

Making headlines today - Beijing

farewells the world in spectacular

fashion with a concert and

fireworks display to mark the end

of the Olympic Games.

A search under way for an

Australian photographer and a

Canadian woman believed to have

Somalia. been abducted at gunpoint in

Rugby league player Greg Bird to

face court today on an assault

charge after a woman was allegedly

glassed in the face at a Sydney apartment.

And in finance - a blow for BHP's

takeover plan as Chinalco is given the green light to increase its stake in Rio Tinto.

First this morning - Beijing has

staged a flawless finale to the

Olympic Games, capping off two

weeks of sporting triumphs with a

stunning fireworks display. The IOC

has described the Games as "truly

exceptional," and says London has a

hard act to follow.

with a bang. Beijing was always going to go out

The home of fireworks putting on a

display in the skies unlikely to be

matched. For the millions unable to

get a ticket, watching the ceremony

on TV or a view from outside the

bird's nest had to make do. Unreal.

Congratulations to Beijing for a

fantastic Olympic Games. The IOC is

pleased as spectators. We had a

splendid village. We had

state-of-the-art venues. We have an state-of-the-art venues. We have an

impeccable operation. Pride too for

England - London to host the next

Games in 2012. Thousands gathered

outside Buckingham Palace to watch

the handover of the Olympic flag.

In Beijing, football superstar

David Beckham played a key role in

the closing ceremony. Incredibly

proud to be British, of course, to

be part of such a historic night.

China has put the bar very high. So

it's going to be a challenge for

London. But also for all the

subsequent Games. The Olympic flame

now extinguished, drawing Beijing's

Olympic dream to a close. It's a

sad feeling, seeing the flame

disappear and - so it's all over

now. Starts again in four years in London!

And we'll of course have more on

the Olympics, including a final

medal tally a little later in sport.

The Somali Government is searching

for an Australian journalist

abducted at gunpoint near the capital. Queensland freelance

photographer Nigel Brennan was

captured yesterday just outside captured yesterday just

Mogadishu, along with a female

journalist from Canada. The alarm

was raised after the pair failed to was raised after the pair failed to

return to their hotel. Fierce

fighting near Mogadishu has left 30

people dead in the past few days.

been Rugby league player Greg Bird has

been charged over the alleged

assault of a woman. Police were assault of a woman. Police were

called to the 24-year-old's

apartment in Cronulla in Sydney's

south yesterday. The woman,

believed to be his girlfriend, Kate

Milligan, was allegedly hit in the

face with a glass. She suffered a

fractured eye socket and will

undergo surgery today. Bird has been charged with maliciously inflicting grievous bodily harm.

He's been refused bail and will

appear in court later today.

The Government faces a tough battle

this week getting its Budget

legislation through the Senate.

Politicians are returning to

Canberra for the presumption of Parliament, vowing to block key measures. brought his anti-pokies message Independent senator Nick Xenophon

to Sydney.

His next stop is Canberra the balance of power in the Senate where he will share and the Greens. with Independent Steve Fielding a rubber-stamp Senate Australians don't want and as we've seen in the past save governments from themselves. I think that senates can sometimes rejected by the Coalition - Key revenue measures on alcopops - such as the tax increase are at stake. They are playing with fire in the Budget surplus because if they punch holes the end result Bank to reduce interest rates. is that it is harder for the Reserve The Finance Minister says acting like an alternative government it's time for the Opposition to start and support the Budget bills. None of those tax increases - in the Budget - $20 billion of tax increases prior to the election. were foreshadowed by the Government to issue an economic statement Brendan Nelson wants the Government to boost confidence and outline how it will deal with a faltering economy. what he believes is Murray McCloskey, Ten News.

The Federal Opposition has accused

Labor of trying to take credit for

any future cut in official interest

rates. The Government says it's

doing its bit to take pressure off inflation.

One of the reasons why it's One of the reasons why it's

possible the Reserve Bank may

reduce interest rates in a week or

two - it's possible, we don't know

whether they will or not - is

because the Budget is very strong.

But the Opposition says that's

nothing more than Government spin.

65 people have died in a plane

crash in Kyrgyzstan. The Boeing 737

came down shortly after take-off in

the capital, Bishkek. At least 22

people have been rescued from the

burning plane - two are in a

critical condition.

Barack Obama will be formally

announced as the Democratic

candidate for US president at the party's convention tomorrow.

Security has been tightened as Security has been tightened as

Democrats begin pouring into Denver,

with fences installed as parts of

the roads leading to the building

cordoned off. Around 200 anti-war

demonstrators gathered for a rally before marching through downtown Denver. Brisbane's Fashion Week has opened

in style. Designer threads were on

show as if it were art at a

Queensland gallery. Evening wear,

including couture gowns from

designers Alex Perry, Lisa Ho and

Paul Hunt were paraded on a plush

carpet runway. 10,000 people are

expected to take part in the

festivities this week. Charity

Youngcare will receive a percentage

of every ticket sold.

After losing to Argentina in the After losing to Argentina in the

Athens Games semifinals, the star-studded United States Dream

Team finally has the gold medal

back in its hands after downing

Spain in a close basketball final

at Beijing, the US winning 118-107 at Beijing, the US winning 118-107

to wrap up their Games campaign in

style. After 16 days of competition,

this is how the medal tally ended

up:

All our Aussie athletes will return

home tomorrow morning. The International Cricket Council has bowed to pressure from the

world's best teams and postponed

next month's Champions Trophy in

Pakistan. It comes after South

Africa refused to send a team,

while players' associations from

Australia, New Zealand and England

advised their players not to travel

to the country amid safety concerns. The security concerns that are

there now will be reviewed

sometimes in the future. The

tournament must be staged within

the next 13 months due to broadcasting agreements.

AFL now, and Lance Franklin is

stranded on 98 goals for the season

after falling just two short of his

century in Hawthorn's thumping win

over West Coast. Franklin kicked

four and, despite the best efforts

of his team-mates, he'll have to

wait at least another week to bring up the milestone. Elsewhere, St Kilda cemented its

spot in the top eight with a

48-point win over Adelaide. And

Geelong registered win number 20 of

the season, beating the Kangaroos the season, beating the Kangar

by 33 points. by 33 points.

The race for the NRL's top four is

heating up after big wins to

Canberra and St George Illawarra:

Jason Ryles and Mark Gasnier said

goodbye to WIN Stadium before

playing rugby union in France next

season. He set up Jason Nightingale

with a flick pass. The artistry of

Mark Gasnier ... The Dragons could

now face the Roosters in a

final-round showdown for the top four.

Finance news with Frank - Chinalco

given the green light to take a

stake in Rio Tinto. They're happy,

rorts not, Kath. It's a blow to rorts not, Kath. It's a blow to

BHP's $170 billion takeover bid for

its mining rival. The Federal

Government has approved a proposal

from the Aluminum Corporation of

China to increase its stake in Rio

Tinto to 11%. Chinalco has been

given the green light under the

condition that it not raise its

shareholding above 14.99% without receiving fresh Government approval

and to not attempt to place a

director on the board. The Chinese

group will now hold a stake greater

than 10%, allowing it to block BHP Billiton from moving to full

ownership of Rio, and a $tive

billion profit expected to be

announced by Rio Tinto as early as tomorrow.

ANZ is hoping to reach a holistic

agreement with Opes Prime

administrators over its involvement

in the collapse of the

stockbroking firm. ANZ is facing

legal action after the bank seized

and sold off millions of client

shares when the company went

belly-up. Eight bank managers and

executives have lost their jobs as

a result of the collapse.

ABC Learning is expected to make an announcement

announcement by tomorrow on the

future of its stocks after shares

were placed in a trading halt last

week. ABC was urged to take action

by the ASX on Thursday after stocks

plunged 12%. The company has

admitted its earnings for 2006 and admitted its earnings for 2006 and

2007 will have to be cut and it's 2007 will have to be cut and it's not known whether shares will be

suspended for a longer period, as

ABC discloses further revisions of past earnings.

No lull expected on US markets,

with Wall Street braced for more

volatility courtesy of the credit crisis. Checking this morning's newspaper

headlines now - the 'Sydney Morning

Herald' reports food prices in the

Northern Territory are having a

devastating impact on the

nutritional standards of local

Aborigines.

The 'Financial Review' says NSW

dairy corporative Dairy Farmers is

to be acquired by Kirin Holdings, a

Japanese brewing giant.

And former Treasurer Malcolm

Turnbull is set to be named as the

man who sunk Kerry Packer's bid to

buy the Fairfax media group.

The radical new plan to crack down

on truancy - we'll have the details

when the Early News returns.

This program is captioned live.

This is Ten's Early News. Making

headlines today - China bids the

Olympic Games farewell with a

spectacular closing ceremony at the

bird's nest in Beijing.

Families face having their welfare

payments scrapped if their children

skip school as part of a Federal Government crackdown.

10 mountaineers feared dead and 8

others injured after a giant

avalanche on Mont Blanc in the

French Alps.

And in business news - a blow for

BHP's takeover plans with Chinalco BHP's takeover plans with Chinalco

given a Government go-ahead to

increase its stake in Rio Tinto.

But first this morning - Beijing

has farewelled the world in

spectacular fashion, with a concert

and fireworks display to mark the

end of the Olympic Games. After 16

days of intense competition, it was

time to cut loose with thousands

packing the bird's nest to party.

The closing ceremony opened with

streams of smoke and colour before

the Olympic flame was finally

extinguished. Fireworks lit up the

sky from the stadium to Tiananmen Square, delighting onlookers.

Sad feeling, seeing the flame

disappear and, yeah. So it's all or

over now. Starts again in four

years in London! Spectators

attending the cloing ceremony were

each given toy Olympic torchs to mark the occasion. Australian officials have praised

our athletes, saying they

accomplished everything they hoped

for in Beijing. Australia finished

the two weeks of competition in

sixth spot, with 46 medals - 14 of

them gold. That's less than Athens and

and Sydney, but more than Atlanta.

Olympic officials have also

delivered their verdict on the

Games, saying China's set the bar

high. Through the Games, China has

been scrutinised by the world, has

been scrutinised by the world, has

opened up to the world. The world

has learned China and China has

learned about the world. And I

believe that this is something that

will have positive effects on the

long term. Mr Rogge described the

Games as truly exceptional, and

also praised how clean the Games

were, with only six athletes

testing positive to

performance-enhancing drugs.

It may be four years before the It may be four years before the

Games make their way to London, but

that hasn't stopped the city from

celebrating. Thousands of people

gathered across the UK to watch the

Olympic handover.

The party in the people's republic

may have ended. In front of the

palace, it was just beginning. The

skies clearing right on cue, just

long enough to show London's

Olympic passion. And as the flags

waved in the Mao, it started to waved in the Mao, it started to

sink Danish the Games really are on

their way to Britain. This, today,

I think we're gonna hold our own.

It's gonna be different, but it's

gonna be - it's gonna be serious.

It's gonna be good. The planet's

greatest-ever Olympian, US swimmer

Michael Phelps, was in London to

help launch the party at the start

of his first-ever holiday, his

first ever trip to London. He's

already looking forward to coming

back. I think London - every city

has its own, you know, little twist has its own, you know, little twist has its own, you know, little

I'm on things that they like to add.

I'm looking forward to seeing what

London's gonna have in store for

the next four years. They may well

be the best, but the golden

generation coming home on a

colour-coded jet tomorrow know that

in four years' time, they'll need

to be even better.

The search under way for an

Australian journalist kidnapped at

gunpoint in Somalia. Queensland

photographer Nigel Brennan was

captured yesterday with a Canadian

journalist near the capital,

Mogadishu. The Somali Government is trying

trying to track the pair down after

they failed to return to their

hotel. It's likely a ransom will be

demanded. Fierce fighting near

Mogadishu has left 70 peel dead in

the past few days.

Rugby league player Greg Bird will

front court today, charged over the

alleged assault of a woman. Police

were called to the 24-year-old's

apartment in Cronulla yesterday in

Sydney's south. The woman, believed

to be his girlfriend, Kate Milligan,

suffered a fractured eye socket

after allegedly being glassed in

the face. The Cronulla Sharks player has been charged with

grievous bodily harm and will face court today.

Families face having their welfare

payments withheld if their children

consistently skip school. In a bid

to combat high rates of truancy,

handouts will be suspended for 13

weeks if a child misses class

without a valid excuse. Prime

Minister Kevin Rudd wants school

attendance to be the responsibility

of both parents and children.

Legislation enforcing the radical

week. plan will be put to Parliament this

A woman will face court today

charged over a double murder on the

NSW south coast. The 42-year-old

suspect is accused of murdering Ken suspect is accused of murdering Ken

and Margaret Keyte, an elderly

couple who were bludgeoned to their

death in their home earlier this

month. It's alleged the woman, who

lived in the same street, was

involved in a dispute with the

couple over a cat. The woman has

been refused bail and will front court today. Eight mountaineer have been Eight mountaineer have been

injured and as many as 10 are still

missing after a giant avalanche in

the French Alps. Rescue crews have

now suspended the search for the

group on Mont Blanc, and officials

say it's unlikely anyone will be

found alive. The avalanche occurred

at dawn, hitting a group of climbers

who were roped together. Five

Austrians and three Swiss are among those those missing.

A fuel train has exploded in

Georgia, sending thick clouds of Georgia, sending thick clouds of

black smoke into the air. The train

carrying oil hit a mine near the

city of Gori. Two tanker cars burst

into flames. There are no reports

of any injuries, but two nearby

homes were damaged.

Lance Franklin will have to wait

another week to kick his 100th goal

after falling just short in

Coast. Hawthorn's thumping win over West

Franklin kick four, to move to 98

goals for the year.

Buddy Franklin had plenty of

chances to reach the ton...

But a number of near-misses means

he's stranded on 98 goals heading he's stranded on 98 goals heading

into the Hawks Round 22 clash with

Carlton. St Kilda yesterday paid

tribute to Robert Harvey in the

best possible way - more than 100

of his former team-mates were on

hand for the Saints' final home hand for the Saints' final home

game of the year - and they'll

remember it for some time to come.

St Kilda's 48-point win over

Adelaide may have cost the Crows

any chance to finish in the top four. The Kangaroos occupy fourth

spot, despite yesterday's 33-point

loss to Geelong.

Ferrari's Felipe Massa is closing

the gap on championship-leading the gap on championship-leading

Lewis Hamilton after winning a

drama-packed European Grand Prix in

Valencia. Massa was unlikely not --

was lucky not to be disqualified

for a pit-lane incident which sent

Adrian Sutil into the wall. But the

Brazilian escaped with a caution

and a $17,000 fine teemerge the

winner ahead of McLaren's Hamilton,

with Robert Kubica third. The first

winner of the vuyepbsia Grand

Prix... World champ Kimi Raikkonen

had a shocker - a mishap in pit

lane sent one of his mechanics to

hospital. Several laps later, he hospital. Several laps later, he hospital. Several laps later,

was forced to retire after his was forced to retire after his engine blew.

Adelaide United have held

aldominant Queensland in too a 1-1

draw in their A-League clash at

Suncorp Stadium. The visitors were

first to score when skipper Travis

Dodd nailed an early penalty.

Charli Miller levelled the scores

for the Roar in the 47th minute.

Despite an abundance of chances for

the Roar, the scoreline stayed at

1-1. Plenty of goals across the

Tasman, when Melbourne defeated

4-2. Wellington. The Phoenix went down

Chinalco has kicked a goal - the Chinalco has kicked a goal - the

Federal Government has approved a

proposal from the Aluminum

Corporation of China to increase

its stake of Rio Tinto to 11%. its stake of Rio Tinto to 11%.

Throws a spanner in the works for

BHP's $170 takeover bid for its

mining rival. With more, we're

joined by CommSec. Is this a major

blow for BHP? Well, the decision

means that Chinalco can now

increase its stake to over 10%,

which is the threshold needed to

prevent BHP from taking over full

ownership of Rio Tinto, which will report its earnings results

tomorrow. However, Rio only - BHP

only needs a 50% of shareholder

approval from Rio's shareholders.

It doesn't completely block the

takeover. However, it does buy the

Chinese company a seat at the table.

What can we expect, though, from

the local market, then? Well, it's

expected to be a very strong start.

The futures index is pointing to a The futures index is pointing The futures index is pointing to a

gain of around 73 points, or 1.5%.

We have a very strong lead from

Wall Street. US stocks posted their

biggest one-day gain in two weeks

on Friday. The Dow Jones index rose

7%, while the broader share market

gained 1.7%. -- the Dow Jones index

rose 1.7%. Thank you for the update.

Thank you. Thank you.

ANZ Bank has followed NAB's lead

and pledged to pass on any

the home-loan cut to interest rates if

the Reserve Bank does the same at

next month's board meeting. ANZ has

now also pledged to pass any RBA

rate cut on in full. The Reserve

Bank board will meet next Tuesday.

To the weather

Police call for witnesses after two

ram raids in Brisbane. We'll have

the details when it Early News returns.

CAR LOCKS (Woman whispers) Zoom, zoom. VOICEOVER: It gets you every time. New Mazda3 Sport range. SONG: # Zoom, zoom, zoom. #

This program is captioned live.

You're watching Ten's Early News.

Our top stories today - Beijing has

farewelled the world in spectacular fashion with a concert and

fireworks display to mark the end

of the Olympic Games.

A search is under way for an

Australian freelance photographer

and a Canadian woman believed to

have been abducted at gunpoint in Somalia.

Rugby league player Greg Bird to

face court today on an assault

charge after a woman was allegedly glassed in the face.

And in finance - a major setback

for BHP as Chinalco is given the

in Rio Tinto. green light to increase its stake

By jing has staged a flawless fin

aul tee to the Olympic Games,

capping off two weeks of sporting

triumphs with a stunning fireworks

display. The IOC has described the

Games as truly exceptional, and

says London has a hard act to follow.

with a bang. Beijing was always going to go out

The home of fireworks putting on a

display in the skies unlikely to be

matched. For the millions unable to

get a ticket, watching the ceremony

on TV or a view from outside the

Bird's Nest had to make do. Unreal.

Congratulations to Beijing for a

fantastic Olympic Games. The IOC is

pleased as spectators. We had a

splendid village. We

state-of-the-art venues. We have an

impeccable operation. Pride, too,

for England - London to host the

next Games in 2012 - thousands gathered gathered outside Buckingham Palace

to watch the handover of the

Olympic flag. In Beijing, football

superstar David Beckham played a

key role in the closing ceremony.

Incredibly proud, you know, to be,

ah, British, of course. To be part

of such a historic night. China of such a historic night. China has

put the bar very high. So it's

going to be a challenge for London.

going to be a challenge for Lo

But also for all the subsequent

Games. The Olympic flame now

extinguished, drawing Beijing's

Olympic dream to a close. It's a

sad feeling, seeing the flame

disappear and - yeah. So it's all

over now. Starts again in four

years in London!

And we'll of course have more on

the Olympics, including a final

medal tally a little later in sport.

The Somali Government is searching

for an Australian journalist

abducted at gunpoint near the capital. Queensland freelance

photographer Nigel Brennan was

captured yesterday, just outside

Mogadishu, along with a female

journalist from Canada. The alarm

was raised after the pair failed to

return to their hotel. Fierce

fighting near Mogadishu has left 70 fighting near Mogadishu has left 70

people dead in the past few days.

Rugby league player Greg Bird has

been charged over the alleged

assault of a woman. The police were

called to the 24-year-old's

apartment in Cronulla in Sydney's

south yesterday morning. The woman,

believed to be his girlfriend, Kate

Milligan, was allegedly hit in the

face with a glass. She suffered a

fractured eye socket and will

undergo surgery today. Bird has

been charged with maliciously inflicting grievous bodily harm.

He's been refused bail and will

appear in court later today.

Police are appealing for witnesses

after two ram raids in south-east

Queensland overnight. Offenders

smashed in the front of a bottle

shop in Brisbane just before

midnight, stealing alcohol before

fleeing in a white Sudan. A bottle

shop in Coolangatta was extensively

damaged early this morning. It's

believed the thieves fled across

cruiser. the NSW border in a blue land

The Government faces a tough battle

this week, getting its Budget

legislation through the Senate. legislation through the Senate.

Politicians are returning to

Canberra for the presumption of

Parliament, vowing to block key measures. Independent senator Nick Xenophon brought his anti-pokies message to Sydney. His next stop is Canberra where he will share the balance of power in the Senate with Independent Steve Fielding and the Greens. Australians don't want a rubber-stamp Senate and as we've seen in the past

I think that senates can sometimes save governments from themselves. Key revenue measures rejected by the Coalition - such as the tax increase on alcopops - are at stake. They are playing with fire because if they punch holes in the Budget surplus the end result is that it is harder for the Reserve Bank to reduce interest rates. The Finance Minister says it's time for the Opposition to start acting like an alternative government and support the Budget bills. None of those tax increases - $20 billion of tax increases in the Budget - were foreshadowed by the Government prior to the election. Brendan Nelson wants the Government to issue an economic statement to boost confidence and outline how it will deal with what he believes is a faltering economy. Murray McCloskey, Ten News.

A woman will face court today,

charged over a double murder on the

NSW south coast. The 42-year-old

suspect is accused of murdering Ken

and Margaret Keyte, an elderly

couple who were bludgeoned to death

in their home earlier this month.

It's alleged the woman, who lived

in the same street, was allegedly

involved in a dispute with the

couple over a cat. The woman has

been refused bail and will front

court today. court today.

Barack Obama will be formally

announced as the Democratic

candidate for US president at the

party's convention tomorrow.

Security has been tightened as

Democrats begin pouring into Denver,

with fences installed and parts of

the roads leading to the building

cordoned off. Around 200 anti-war demonstrations -- demonstrators

gathered for a rally before marching through downtown Denver.

After losing to Argentina in the

Athens Olympic semifinals, the

United States Dream Team has

finally claimed gold after downing

Spain in a close basketball final

at Beijing. So, after 16 days of

competition, this is how the medal

tally ended up:

All our Aussie athletes will return

home tomorrow morning.

Former England cricketer Marcus

Trescothick has admitted to

ball-tampering during England's

2005 Ashes Series win over Australia. Trescothick says he used

mints to generate more saliva to mints to generate more saliva to

illegally shine the ball. Meantime,

the International Cricket Council

has bowed to pressure from the

world's best teams and postponed

next month's Champions Trophy in next month's Champions Trophy

Pakistan amid concern for the

safety of players. Pakistan remains

the host. The security concerns

that are there now will be reviewed

sometimes in the future. The sometimes in the future. The

tournament must be staged within tournament must be staged within

the next 13 months due to broadcasting agreements.

To AFL now - Lance Franklin is

stranded on 98 goals for the season

after falling just two short of his

century in Hawthorn's thumping win over West Coast. Franklin kicked four

four and, despite his best efforts

of his team-mates, he'll have to

wait at least another week to bring

up the milestone.

Elsewhere, St Kilda cemented its

spot in the top eight, with a

48-point win win over Adelaide. And

Geelong registered win number 20 of

the season, beating the Kangaroos by 33 points.

The race for the NRL's top four is

heating up after big wins to

Canberra and St George Illawarra. The New Zealand Warriors slipped

out of the top 8 yesterday, as

Jason Ryles and Mark Gasnier said goodbye to WIN Stadium before

heading to France next season.

Gasnier gave the Wollongong crowd

Gasnier gave the Wollongong crowd

something to remember him by, something to remember him by,

setting up Jason Nightingale with a

classic flick pass. COMMENTATOR:

The artistry of Mark Gasnier.

Dragons could now face the Roosters

in a final-round showdown for the

top four.

Sure Frank will be watching that

one. We'll be right. Chinalco given

the green light for a stake in Rio

Tinto. BHP's $170 billion takeover

bid for mining rival has been set

back. The Federal Government has

approved a proposal for Chinalco approved a proposal for Chinalco

to increase its $9 -- its 9.3% to increase its $9 -- its 9.3%

stake in Chinalco to 11%. The The

Chinese group will now prevent BHP

Tinto. from taking full ownership of Rio

ABC Learning is expected to make an

announcement by tomorrow on the announcement by tomorrow on the

future of its stocks after shares

were placed in a trading halt last

week. ABC was urged to make take

action by the ASX after stocks

plunged 12%. The company has

admitted its earnings for 2006 and

2007 will have to be cut, and ABC

may suspend shares for a longer

period as it makes further revisions.

Wall Street will be braced for more

volatility this week, courtesy of

the credit crisis.

Briefly - reporting season winds up

this week, with results due today from:

Checking this morning's newspaper

front pages - 'The Australian' says

the law council is behind a push to

have the Federal Magistrates Court dismantled.

The 'Herald's 'Business Day' says

Early News returns. the French Alps - details when the 10 missing after an avalanche in disappearance of baby Rahma in 2005. disappearance of baby Rahma in 2005. the mysteries still surrounding the The 'Daily Telegraph' has more on to get a lot stronger. Sydney-to-Auckland route is about competition amongst airlines on the

This program This program is captioned live.

This is Ten's Early News. Our top

stories today - China bids the

Olympic Games farewell with a

spectacular closing ceremony at the

Bird's Nest in Beijing.

Families face having their welfare

payments scrapped if their children

Government crackdown. skip school as part of a Federal

10 mountaineers feared dead 10 mountaineers feared dead and 8

others injured after a giant

avalanche on Mont Blanc in the French Alps.

In and finance - a real blow for

BHP's takeover plans with Chinalco

given the green light to increase

its stake in Rio Tinto.

First this morning - Beijing has

farewelled the world in spectacular fashion, with a concert and

fireworks display to mark the end

of the Olympic Games. of the Olympic Games. After 16 days

of intense competition, it was time

to cut loose, with thousands

packing the Bird's Nest to party.

The closing ceremony opened with streams

streams of smoke and colour before

the Olympic flame was finally

extinguished. Fireworks lit up the

sky from the stadium to Tiananmen

Square, delighting onlookers.

It's a sad feeling, like, seeing

the flame disappear and, yeah. So

it's all over now. Starts again in it's all over now. Starts agai

four years in London! Spectators

attending the closing ceremony were

each given toy Olympic torches to mark the occasion. And Australian officials have

praised our athlete, saying they

accomplished everything they hoped

for in Beijing. Australia finished

the two weeks of competition in

the two weeks of competition in

sixth spot, with 46 medals - 14 of

them gold. That's less than Athens

and Sydney, but more than Atlanta.

Olympic officials have also

delivered their verdict on the

Games, saying China's set the bar

high. Through the Games, China has

been scrutinised by the world, has

opened up to the world. The world

has learned China , and China has learned about the learned about the world. And I will

that this is something that will

have positive effects on the long

term. Mr Rogge described the Games

as truly exceptional, and also

praised how clean the Games were,

with only six athletes testing

drugs. positive to performance-enhancing

It may be four years before the It may be four years before the

Games make their way to London, but

that hasn't stopped the city from

celebrating. Thousands of people celebrating. Thousands of people

gathered across the UK to watch Olympic handover. gathered across the UK to watch the

The party in the people's republic

palace, may have ended - in front of the

palace, it was just beginning. The

skies clearing right on cue, just

long enough to show London's

Olympic passion. And as the fl

Olympic passion. And as the flags

waved in the Mao, it started to

sink in - the Games really are wab sink in - the Games really are wab

on their way to Britain. This

This today - I think we're gonna hold

hold our own. It's gonna be

different, but it's gonna be, it's

gonna be, it's gonna be serious.

It's gonna be good. The planet's

greatest-ever Olympian, US swimmer

Michael Phelps, was in London to

help launch the party at the start

of his first-ever holiday, his

first ever trip to London. He's

already looking forward fo to

coming back. I think London - every

city has its own little twist on things that

things that they like to add, and

I'm looking forward to seeing what

London is gonna have in store for

the next four years. They may well

be the best, but the golden

generation coming home on a

colour-coded jet tomorrow know that

in four years' time, they'll need

to be even better.

under way for an Australian To other news now - the search is

under way for an Australian

journalist kidnapped at gunpoint in Somalia. Somalia. Queensland photographer

Nigel Brennan was captured

yesterday with a Canadian

journalist near the capital

Mogadishu. The Somali Government is

trying to track down the pair after they

hotel. they failed to return to their

hotel. It's likely that a ransom

will be demanded. Fierce fighting

near mog 'Dishing the Dirt'ue has

left 70 people dead in the past few days.

Rugby league player Greg Bird will

front court today, charged over the alleged

alleged assault of a woman. Police

were called to the 24-year-old's

apartment in Cronulla in sid Sydney's south yesterday morning.

The woman, believed to be his

girlfriend, Kate Milligan, suffered

a fractured eye socket after

allegedly being glassed in the face.

The Cronulla Sharks player has been

-- has been charged with grievous

bodily harm.

Families face having their welfare

payments withheld if their children consistently skip school. In a bid

to combat high rates of truancy,

handouts will be suspended for 13

weeks if a child misses class

without a valid excuse. The PM

wants school attendance to be wants school attendance to be the

responsibility of both parents and children. Legislation enforcing the

radical plan will be put to Parliament this week. Eight

Eight mountaineers have been injured

injured and as men asy 10 are still injured and as men asy 10 are still

missing after a giant avalanche in

the French Alps. Rescue crews have

spuspended the search on Mont Blanc,

and officials say it's unlikely

anyone will be found alive. The

avalanche occurred at dawn, hitting

group of climbers who were roped

together. Five Austrians and three

Swiss are among those missing.

65 people have died in a plane crash

crash in Kyrgyzstan. The Boeing 737

came down after take-off from the

capital, Bishkek. 22 people have

been rescued from the plane, 2 in a

critical condition.

2 days after a Spanair crash killed

154 people at a Madrid airport, the airline has had another technical 154 people at a Madrid airport, the

problem. problem. The pilot detective

detected a problem, and all 141

passengers were put up in a hotel

until they could be transferred to

examined. another flight. The plane is being

Stprank Franklin will

Lance Franklin will have to wait

100th goal. another week after to kick his

Lance Franklin had plenty of

chances to reach the ton...

But a number of near-misses means

into the Hawks he's stranded on 98 goals heading

into the Hawks ' Round 22 clash

with Carlton. St Kilda paid tribute

to Robert Harvey in the best

possible way - more than 100 of his

former team-mates were on hand for

the Saints' final home game of the

year. And they'll remember it for

some time to come!

St Kilda's 48-point win over

Adelaide may have cost the Crows

any chance to finish in the top

four. The Kangaroos occupy fourth

spot, despite yesterday's 33-point spot, despite yesterday's 33-point loss to Geelong.

Ferrari's Massa is closing the gap

on championship-leading Lewis

Hamilton after winning a drama-packed European Grand Prix in

Valencia. Massa was lucky not to be

disqualified for a pit lane incident which sent Adrian Sutil

into the wall. But the Brazilian into the wall. But the Brazilian

escape would a caution and a

$17,000 fine to emerge the winner

ahead of McLaren's Hamilton, with

Robert Kubica third.

The first winner of the Valencia

Grand Prix... World champ Kimi

Raikkonen had a shocker - a mishap

in pit lane sent one of his

mechanics to hospital. Several laps

later, he was forced to later, he was forced to retire

after his engine blew. Adelaide United has held a dominant Adelaide United has held a dominant Adelaide United has held a dom

Queensland tool a 1-1 draw in their

A-League clash at Suncorp Stadium.

The visitors were first to score

when skipper Travis Dodd nailed an

early penalty. Charli Miller levelled

levelled the scores for the Roar in the 47th minute. Despite an Despite an abundance of chances for

the Roar, the scoreline stayed at 1-1.

1-1. Plenty of goals across the

Tasman, when Melbourne defeated

Wellington - the Phoenix went down 4-2.

So the Federal Government has

approved a proposal from the

Aluminum Corporation of China to

increase its stake in Rio Tinto to

the works for 11%. It throws a certain spanner in

the works for BHP's $170 billion

takeover bid for its mining rival,

and with more, we're joined by

CommSec. Good morning to you. A

major blow for BHP? It's not a

major blow, but the state won't be

able be able to block BHP from a

full takeover of Rio Tinto. It

prevents BHP from taking a full takeover in the takeover in the company. Rio Tinto

tomorrow - we're talking upwards of

$5 billion in profits, briefly? It

will be reporting its earnings

results tomorrow on the market.

Today, we are expecting a strong

start, with the futures index up

1..5%. We saw a strong lead from

Wall Street on Friday, with the Dow

Jones index putting on 1.7%.

Commodities have weakened, so that

is likely to take away from

resource stocks today. Thank you. Thank Thank you.

ANZ is hoping to reach a holistic

agreement with Opes Prime

administrators over its involvement administrators over its involvement in the collapse of the

stockbroking firm. ANZ is facing

legal action after the bank seized

and sold off millions of client and sold off millions of clien shares when the company went

belly-up. Eight bank managers and

executives have lost their jobs as

a result of the collapse. ANZ Bank

has followed NAB's lead and

pledged to pass on any cut in the pledged to pass on any cut in the

official cash rate to its home-loan

customers. NAB last week promised

to match a 25-point cut to interest

rates if the Reserve Bank does the same at next month's board meeting.

ANZ has now also pledged to pass

on any RBA rate cut in full. The Reserve Bank board will meet next Tuesday. Tuesday.

Kath, with that news, I guess you

could say we've finished the

finance in style. Lovely segue, Frank,

Frank, for a fashion Frank, for a fashion story. Mercedes Fashion Week in Brisbane

has opened in style. Designer

threads were on show fasit were art threads were on show fasit were art

at a Queensland gallery. Designers

including Alex Perry, Lisa Ho and

Paul Hunt were paraded on a plush

carpet runway. 10,000 people are

expected to take part in festivity this week.

Recapping today's top stories now -

Beijing farewells the world in

spectacular fashion with a concert

and fireworks display at the Bird's

Nest to mark the end of the Olympic Games.

A search has begun for Australian

freelance photographer and a

Canadian woman believed to be Canadian woman believed to be

abducted at gunpoint in sufallia. abducted at gunpoint in sufallia.

And rugby league player Greg Bird

to face court today on an assault

charge after a woman was allegedly

glassed in the face.

That's it for Ten's Early Newsism

I'm Kathryn Robinson. Bye for now.

And I'm Frank Coletta. Have a great day.

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