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Ten Early News -

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(generated from captions) This program is captioned live.

Good morning. Welcome to Friday.

I'm Belinda Heggen. Welcome to

Ten's Early News. Heading the news,

the new plan to save the world

economy. G20 leaders pledge to pump

more than a trillion dollars into

the financial system as the summit

wraps up in London.

Police prevent a repeat of the

demonstrations in London with

protesters kept well away from the summit.

70 school children rescued from a

camp site in Queensland as

torrential rain floods the area.

And new optimism following the G20

financial summit. World markets

soaring overnight.

Let's kick off with a look at the

weather:

Heading the news this morning, the

G20 summit np London has ended with an historic agreement between

leaders of the world's richest

countries. They've signed off on a

six-point plan of action including:

G20 leaders have agreed to crack

down on excessive corporate salaries and bonuses and illegal

tax havens. British Prime Minister

Gordon Brown says it's an

unprecedented agreement. This is

the day that the world came

together to fight back against the

global recession. Prime Minister

Kevin Rudd warned that the measures

would bring undone all the

financial market cow boys who

wreaked havoc on the world economy.

Prime Ministers and Presidents who

have struck this deal, but it's

small businesses, tradeys and young

people who will benefit from it

over time, because global action

is necessary to support local jobs.

Leaders have agreed to meet again

later this year.

It's been a security operation in

London for the summit like we've

never seen before. Police set up a

perimeter around the Excel Centre

where the leaders were meeting,

Europe correspondent Danielle keeping protesters well away. Our

Isdale joins us live from London. Authorities have managed to

prevent a repeat of the violence we

saw yesterday. That's right, and

there are a few reasons for that.

The fist is that no where near the

numbers expected, particularly

compared to yesterday actually

turned up to the protests today.

For example, at the Excel Centre as

you mentioned, the area set aside

for protesters was designed to hold

6,000. I'd say barely 1,000 turned

up over the course of the day. The second reason is that that

particular area in east London

where the centre is is a lot

easier to police. It's in Docklands

which means it is surrounded by

water and police did the rest with

their own barricades. But of course,

that means it is a lot easier to

police than the city's financial

district where is where we saw the

trouble yesterday. Today, there

were more protests throughout the

city, but certainly smaller numbers

and nothing like the scenes that we

had seen. There were about 100

protesters that had a stand off

with police, boxled in at one stage,

but nothing like the chaos of

yesterday. While the protesters

were fewer in number, the messages

were still loud and proud. And the

fact that it's hurting ordinary

working people, old aged pensioner,

the unemployed who are going to

have their waipbls cut and their

benefits cuts and their services

cut to try to get us out of the

mess that the rulers and the

leaders have made for us all. How

long will London be in lockdown?

Well, it is loosening up by the

men, but in a less severe form for

a little while yet, presumably

until the world leaders gathered

for the summit take their leave.

You'd have to think that many in

London's security forces would

breathe a sigh of relief when

Barack Obama and his wife, Michelle,

head back to the stais. Although

they did have an entourage of their

own with their own security of

about 500 staff. This $15.5 million

police security operation was a big

test for London's forces and a big

task as suggested by the huge cost.

Today, their main priority was to

secure the Excel Centre and they

would say that they did that very

successfully with the ring of steel.

They'd blocked everyone without

accreditation for a raid yuls of

about 0.5 miles around the centre

itself. So, they would say that

they did keep protesters well away.

Thank you, our reporter Danielle

Isdale reporting live from London.

Away from the summit and a school

camping trip has turned into a

rescue operation for 70 boys on Queensland's Sunshine Coast

overnight. The group was trapped by

rising floodwaters at the mouth of

the noose foos River after

torrential rain.

For the boys of the college, it was

a school camping trip turned

survival adventure. Oh, it was

terrifying, I was scared. The

group of 70 students was headed to

camping grounds on the lake when

flash flooding swamped them. It was

just flooding and water everywhere.

I'm soaked. The only way out was by

boat, and that meant crossing the

choppy lake in complete darkness.

And it was slow going. It's a

fairly big number to deal with.

Boats normally carrying five or ten

people. After arriving back in

Ipswich, many of the boys were

still cold and shivering. Freezing

mate, absolutely cold. He's home,

he's got a smile on his face.

Blisters and chaffing, but he's

home. In less than 24 hours, the

Noosa area copped a staggering 461mm

of rain. Many local roads remain

under water, and more rain is

predicted today.

Three sailors had to be rescued

after their yacht capsized in

mountainous seas off Noosa.

Sydney 139-metre yacht which has twice won

Sydney to Hobart handicap honours

rolled, snapping its mast and

throwing the skipper overboard. I'm

unsure if he was on a line, but if

he wasn't, he was able to get back

on the vessel. The conditions were

so horrendous, it took the rescue

helicopter 20 minutes to find the

men. The skipper was taken to

hospital. Rescue crews say that the

sailors are lucky to have survived.

The wild weather has caused The wild weather has caused

flooding across south-east

Queensland with the Sunshine Coast

worst hit. The water rose so

quickly, motorists were trapped and

home inundated. The SES has had

over a hundred calls for help. At

least two Sunshine Coast hinter

land towns were cut off, and now

the heavy rain is heading towards

Hervey Bay. Around Brisbane, the

rain is expected to ease to showers today.

A second man has been charged over

the seizure of a large arsenal of

military-style weapons in Sydney.

The weapons included an AK-47, a

heavy calibre sniper rifele and

3,500 rounds of ammunition which

were discovered when the police

raided a property in Concord. Two

men aged 62 and 59 have been

charged with fire arms offences.

A Melbourne yacht builder found

guilty of the manslaughter of four

sailors has vowed to appeal the

verdict. The victim's families are

appealing he be jailed.

Facing a jail term, he walked free

against his convictions of

manslaughter. He was a director and

chief engineer of the company which

built the yacht Excalibur. The

boat's keel snapped near Seal Rocks

off the NSW coast in September 2002.

Four of the crew drowned. The

bodies of three of them have never

been recovered. He was the captain

of the ship, and indeed, ultimately

the responsibility lies fair and

square on the person in charge of

the company. The keel had been cut

in two and then rewelded during its

construction, creating a fatal

weakness. The company's boiler

maker was acquitted of manslaughter,

but the district court jury found that

that the director knew that the

keel had been cut or failed to

implement proper safety procedures.

Familiar members want him jailed.

Because for family members,

innocent lives have been lost as a

result of this capsizing of the

boat. An appeal date is yet to be set.

Richmond has reacted swiftly to

last week's a hammering at the hands

of Carlton. The Tigers have made

the most changes of any side

heading two round two where they clash with Geelong. They lost two key players to injury, undeterred, Richmond has swung the axe to three others - Jordan McMahon, Will Thursfield and Andy Browne all dumped. Former Bomber Tom Hislop among five ins for the Tigers - his first match in the yellow and black. Collingwood welcomes back Heath Shaw. His first match since that now infamous drinking incident with Alan Didak.

Port Adelaide lose Dean Brogan to suspension. And it's that which has the club and in particular Chad Cornes seething. The all-Australian livid at Essendon's Andrew Lovett for breaking the unwritten players code at the tribunal when he dobbed Brogan in. Yeah, that's really disappointing and I think he'll look back in a couple of years and be pretty disappointed with himself, the way he handled that, but unfortunately we don't play them again this year. With speculation over the future of seven out-of-contract coaches, Rodney Eade has signalled his intention to stay at the Dogs.

Oh, I'd love certainly love to stay, no doubt about that. Roger Oldridge, Ten News.

Broncos coach Ivan Henjak has

urged fans to treat Dragons coach

Wayne Bennett with respect when he

returns to Suncorp stadium tonight.

The former Broncos mentor refused

to talk about the big clash on

arrival in Brisbane, but he's

getting plenty of support from his

old apresent ils. He's been a

wonderful servant to this club and

six Premierships and you know, I

hope he gets the applause that he

deserves. The Dragons have won

their last seven games against the

Broncos. Foil Western force captain

Nathan Sharpe has dared James

Horwill to bring it on when the two

big men collide tonight. The clash

loom as a Wallabies selection looms.

Horwill has been talking up the

chance to go head to head with the

former Queenslander and Sharpe was

happy to respond. That's fine with

me if he wants to take it to a

personal level. But I'd be happy to personal level. But I'd be happy to

win it for the team. It's all about

how to progress up the ladder. The

match is a must-win for both sides.

Final tore a look at finance and a

lot happening. Belinda Heggen is lot happening. Belinda Heggen is

with us and the brakes have been

slammed on Holden.

You've got to feel for the workers.

The car maker is reportedly set to

announce drastic cut backs today to

help the company survive the

economic downturn. Work shifts have economic downturn. Work shifts have been halved and penalty rates

slashed. Executive salaries cut and

bonuses scrapped. Car production

will also be cut. Redundancies have

been averted so far, but car sales

figures due out today are expected

to be bleak.

There's also reports of planned cut

backs at National Australia Bank.

According to Fairfax Newspapers,

NAB will reduce the staff numbers NAB will reduce the staff numbers

to reign in costs. They intend to

axe 113 positions. The cuts though

will be partially offset by an

expansion of business banking jobs.

To the markets and Wall Street

jumped 4% on the historic G20

agreement to pump an extra trillion

dollars into world economies:

There's the weather on the screen right now:

Checking the papers this morning,

the 'Daily Telegraph' says Kevin

Rudd recently abused an RAAF

flight attendant, reducing her to

tears because he wasn't served the

meal he wanted.

Business Day says Robert Eddy is

likely to fails pressure from Rio

Tinto holders. And 'The Age' leads Tinto holders. And 'The Age' leads

with the story of an Afghan asylum

seeker to be sent home in 2002 only

to be murdered when he got back. to be murdered when he got back.

The wait nearly over for millions

of taxpayers hoping for a

Government bonus. Details coming up

on Ten's Early News.

Headlines every 15 minutes, the G20

summit wraps up in London. This is

the day that the world came

together to fight back against the

global recession.

World leaders sign off on an action

plan to save the world economy.

Police prevent a repeat of yesterday's violent demonstrations

with protesters kept away from the

centre where the leaders were meeting.

A school camping trip turns into a

rescue operation on Queensland's

Sunshine Coast as 70 children are

trapped by rising floodwaters. And

optimism following the G20

financial summit. World markets

soaring overnight. The G20 summit

has ended with a tough new regime

to keep the world's bankers and

financiers in check. A global

watchdog will scrutinise laws and

it has been given the power to

name and shame countries that don't

shape up. Paul Bongornio reports shape up. Paul Bongornio reports from London.

Despite the grand standing and the

threat of a walkout by the French,

the G20 summit has achieved substantial agreement and

substantial progress. There will be

a clean out of the world's banking

system and the Cowboy f cow boys

who baid themselves huge bonuses

while driving their companies into

the wall, they're going to meet

their come uppance with a new

global watchdog and new rules. The

architect of much of this and the

chairman of the summit, Britain's

Gordon Brown is thrilled. This is

the day that the world came

together to fight back against the

global recession. The International Monetary Fund,

another key financial institution

is to get a trillion dollar boost.

This is to help stop countries

going burst toorbgs keep essential

financial institutions afloat. Prime Minister Kevin Rudd said all

of the measures today will have an

impact on families around the world.

Prime ministers and presidents who

have struck the deal, but it is

small businesses and young people small businesses and young people

who will benefit from it over time,

because global action is necessary

to support local jobs. Prime

Minister Rudd is now heading home,

but he'll be attending another G20

summit before the year is out. The

leaders are clearly worried that

2009 is going to get ugly yet.

Paul Bongornio at the G20 in London.

Meanwhile, police in London brace

for more G20 protests, but there's

been no repeat of yesterday's

violent clashes as the focus

shifted to London's Excel Centre.

Police took no chances keeping

protesters half a mile away from

the leaders. Small groups of

protesters still wanted to get

their message across. It is nice to

have a public reaction over

something as crucial as this,

because I think the G20 can do

something in the real world. Some

protesters returned to London's

financial district, the scene of

yesterday's violence to mark the

death of a protester outside the

Bank of England.

Kevin Rudd has reportedly been

forced to apologise to a female

RAAF flight attendant he reduced

to tears because she couldn't

provide a special meal he requested.

The incident happened on a flight

Mr Rudd came in January returning

from the Pacific Islands Forum in

Port Moresby. All of us are human,

I'm human. I'm not perfect, you

know and as I said before, if I

upset anybody on that particular

flight, I'm really sorry. The

23-year-old attendant reportedly

composed herself and was able to

continue with her duties.

A school camping trip turned into a

rescue operation for 70 boys on

Queensland's Sunshine Coast

overnight. The group was trapped by

rising floodwaters at the mouth of

the Noosa river after torrential

rain. It was terrifying, I was

scared. Rescuers took the group

by boat across water in darkness.

Noosa copped 461mm of rain in 24 hours. Many local roads remain

under water and more rain is

predicted today.

Wild weather continues to lash

parts of south-east Queensland. The

psych Londonic conditions flooding

homes and roads and capsizing one

of Australia's top racing yachts.

It's been atrocious river. This is

holidays, like a river on the road.

The Sunshine Coast copped the worst

of the gale force winds that

battered the entire south-east. The

SES answering 100 calls for help,

with at least two towns cut off by

rising floodwaters. The weather

out there is described as

horrendous. The crew of the 'Oz

Maid' found out how dangerous it

was. The Sydney yacht which twice

won Sydney to Hobart handicap

handors, capsized. I'm unsure if

they were on a safety line on the

vessel, but if he wasn't and he was

able to get back on the vessel, he

was incredibly lucky. The yacht

rolled, snapping the mast. They

battled 70km/h wind gusts to

rescue him. I'm unsure if he was on

a safety line. As he was rushed to

hospital, the remaining crewmen

were rescued. The rain, which came

in horizontal most of yesterday

should ease to showers today, but

the bureau is still warning of

flash flooding. The Central Coast

will be the next to cop it with a

trough heading north towards Hervey

Bay. The good news is that it is

weakening but showers will hang

around until next week.

The fate of the $900 tax bonus will

be known today this morning when

the High Court rules on a challenge

to the payments. Legal academic

Bryan Pape says that the money is a

gift and not a valid tax measure. He believes that the Commonwealth

doesn't have the constitutional

power to make the payments in their

current form. A decision by the

current form. A decision by the

High Court will decide if the

payments go out or not.

Port Adelaide's Chad Cornes has Port Adelaide's Chad Cornes has

taken a swipe at Essendon's Andrew

Lovett says he broke the AFL's

unwritten code. He said that Lovett

will regret dobing in Dean Brogan

which resulted in him cop ago

one-match ban. I think that's

disappointing. I think he'll look

back in a couple of years and

regret that. Cornes plays his 200th regret that. Cornes plays his 200th

game against West Coast on Sunday.

Dragons coach Wayne Bennett has remained

remained tight-lipped ahead of the

mouth watering clash against the

Broncos. In trade mark fashion, he

refused to talk on touching down

in Brisbane.

He slipped past the media in Sydney

and remained silent as he arrived

in Brisbane. What type of reception

do you think you'll get tomorrow

night? Does it feel like enemy

territory? The former Broncos coach

treated like a rock star and his

old apprentice Ivan Henjak hopes

that the fans roll out the red

carpet on his return to Suncorp

stadium. He's been a wonderful

return to this club and six

Premierships and I hope that he

gets the applause that he deserves.

In contrast, the Raiders are

preparing to get physical against

the Cowboys on Monday and their old

coach Neil Henry. I think we don't

need more motivation, but when you

have the old coach going back, you

want to win. And the Roosters say

they're ready to roll against

participate par tonight despite

missing Willie Mason and Nate Miles.

It's more to do with how you go out

there and what sort of mineset than

who goes out there.

In finance news now and leaders at

the G20 summit have agreed to

inject more nan a trillion dollars

into the world's economies in

response to the global financial

crisis. Investors have responded

positively and with the details,

I'm joined live by Alexis

Christoforous in New York. It's

been a great night on Wall Street.

Great is right. Phenomenal is more

like it. The DOW has soared past

8,000 for the first time in two

months. We have the NASDAQ now

positive for the year. This of

course follows big rallies in Asia

and Europe overnight. World leaders

of course agreeing on a blueprint

now for reigning in all of the

excesses that have fed the global financial crisis. They're calling

for stricter limits on hedge funds,

tax havens and executive pay, and

as you mentioned, pt money going to

the IMF didn't hurt. Which sectors

actually led the rally. We have

tech stocks doing well over the

past few weeks, but today it is the

bank stocks that are the stars.

They're leading the charge after

accounting regulators approved a

rule change. This is going to give

companies more Leeway when they

have to value their assets and

report losses and that change could

help to boost bank profits. Today

we have Bank of America and JP

Morgan among the performers. As you

mentioned earlier, leaders at the

G20 summit have agreed to give more

money to the IMF. What impact will

this have? Well, it is certainly

going to help world economies. The

IMF and the World Bank will receive

a trailion dollars to boost their

fire power, and the IMF will also

use revenue from sales of the gold

reserves to aid the world's poorest

countries and said that the next

leader will no longer automatically

be a European. So it seems as

though Wall Street is happy with

the fact that world leaders are on

the same page when it comes to how

to fight the global recession.

Certainly a significant night on Wall Street. Alexis Christoforous

live from New York. Thank you.

Weather check for you:

Police fire tear gals at hundreds

of anti-NATO protesters in

Strasbourg. We'll have the details

after the break.

This program is captioned live.

Headlines on the quarter hour. G20

leaders pledge to pump a trillion

dollars into the financial system

as the summit wraps up in London.

Police prevent a repeat of the

violent demonstrations with

protesters kept away from the summit.

70 school children rescued from a

camp site in Queensland.

New optimism following the G20

summit. The DOW soaring past the

8,000 mark for the first time in months.

Weather check now:

The G20 summit in London has ended

with an historic agreement between

the leaders of the world's richest

countries. They've signed auch on a

six-point action plan including

injecting $1.4 trillion into the

world's economies. The IMF will be

given more funds and will do more

to help poorer countries. G20

leaders have agreed to crackdown on

excessive corporate salarys and tax havens. British Prime Minister

Gordon Brown says it's an

unprecedented agreement. This is

the day that the world came together

together to fight back against the global recession. Prime Minister

Kevin Rudd warned that the measures

would bring undone all those

financial market Cowboys who have

wreaked havoc on the world economy.

Prime ministers and presidents who

have struck this deal, but it is

small billss and young people who

will benefit from it over time

because global action is necessary

to support local jobs. Leaders have agreed to meet again later this

year. It's been a security

operation in London for the summit

like we've never seen before.

Police set up a perimeter around

the Excel Centre where world leaders were meeting keeping

protesters away. Ten's Europe correspondent Danielle Isdale joins

us from London. Authorities did a

good job today in keeping the

violence under control. That's

right, the reason that basically

the protests didn't get out of hand

was simple. There was no where near

the numbers expected or compared

to what we saw yesterday. For

example, at the Excel Centre, an

area had been set aside for 6,000

protesters, but not even 1,000

protesters would have turned up

during the course of the day. That

area, due to its location in

Docklands, surrounded by water is much ease area for police to

control than the city's financial

district. Of course, there today

too we did see more protests but

much smaller ones. Just a few

groups out and about and

continuing along with their

demonstrations. There were a few

isolated arrests and a few

scuffles but nothing like the

scenes we saw yesterday. Protesters

say they've come out a second time

just to make sure that their

messages are heard. And the fact

that they're ordinary working

people, old age pensioners, the

unemployed who are going to have

their wages cut and their benefits

cut and their services cut to try

to get us out of the mess that the

rulers, the leaders and the

bankers have made for us all. Will

the fortress London operation

continue much longer? Probably not

too much longer. Presumably only

until the world leaders here for

the summit take their leave. The

$15.5 million operation for

London's security fors was a big

test, a big task as is evidenced I

suppose by the sheer cost of it.

They would say that they've done a

good job after today, because their

priority was to secure the Excel

Centre and they did keep protesters

well away. Danielle Isdale live

there from London.

A school camping trip has turned

into a rescue operation for 7o boys on Queensland's Sunshine Coast

overnight. The group was trapped by

rising floodwaters at the mouth of

the Noosa River after torrential rain.

For the boys of the college, it was

a school camping trip turned

survival adventure.

The group of 70 students was headed The group of 70 students was headed

to camping grounds when flash

flooding swamped them. It was just

flooding and water everywhere. I'm

soaked. The only way out was by

boat, and that meant crossing the

choppy lake in complete darkness.

And, it was slow going. It's a

fairly big number to deal with with

boats normally carrying five to ten

people. After arriving back in

Ipswich, many of the boys were

still cold and hiveering. Oh,

freezing, mate. Absolutely cold.

He's home, he's got a mile smile on

his face with blisters but he's

home. In less than 24 hours, the

Noosa area copped a staggering 461mm

of rain. Many local roads remain

under water and more rain is predicted today.

Three sailors had to be rescued

after their yacht capsized in the

mountainous seas off Noosa.

139-metre yacht, 'Ausmaid' which

twice won Sydney to Hobart honours

snapped the mast. I'm insure if he

was on a safety line on the vessel,

but if he wasn't and he was able to

get back on the vessel, he was very

lucky. The conditions were so

horrendous, it took the rescue

helicopter 20 minutes to find the

men. The injured skipper was the

first to be rescued and taken to hospital.

The wild weather has caused

flooding across south-east

Queensland with the Sunshine Coast

the worst hit. The water rose so

quickly, motorists were trapped on

flooded roads and homes inundated.

The SES had calls for help and it's

still raining. I'm like, this is

holidays. It's like a river on the

road. At least two Sunshine Coast

hinter land towns were cut off and

now the heavy rain is heading north

towards Hervey Bay.

Employment agencies which missed out

out on Federal contracts are

preparing to sack staff. The Rudd

Government said that had had no

choice but to improve the jobs

services sector.

Our leaders are looking for a

solution to a big problem. For the

future of jobs around the world.

But the signs aren't good with

unemployment in Australia set to

exceed official forecasts. We could

be up to 8.5% unemployment by the

end of 2010, so a big shift up over

the next two years. In Brisbane,

more than 300 workers from a fridge

factory joined the ranks of the

jobless as the company prepared to

move its operations offshore. And

in Melbourne, more than 30 workers

were told they'd locals their jobs after their employment services

company failed to win a Federal

Government contract. Everybody is

very upset and really bewildered.

It's a bitter blow after nine years

of service. This is coming at a

time when the number of jobless is

going up. It will continue to go up,

I would imagine for the next year

or so. Instability in the whole

unemployment services area,

precisely at the time when you need

continuity. Well, that system

couldn't keep going.

Protesters have deseended on

Strasbourg in preparation for the

arrival of world leaders for the

NATO summit. Police used tear gas

and fired rubber bullets to keep

about 200 masked protesters back.

They fired back with rocks and

bottles and a military vehicle had

its wind shield smashed. A dozen

protesters were arrested in the

violent clashes.

Richmond has reacted swiftly to

last week's hammering at the hands

of Carlton. The Tigers have made

the most changes of any side

heading into round two with a clash

with the power house, Geelong. They lost two key players to injury,

undeterred, Richmond has swung the axe to three others - Jordan McMahon, Will Thursfield and Andy Browne all dumped. Former Bomber Tom Hislop among five ins for the Tigers - his first match in the yellow and black. Collingwood welcomes back Heath Shaw. His first match since that now infamous drinking incident with Alan Didak. Port Adelaide lose Dean Brogan to suspension. And it's that which has the club and in particular Chad Cornes seething. The all-Australian livid at Essendon's Andrew Lovett for breaking the unwritten players code at the tribunal when he dobbed Brogan in. Yeah, that's really disappointing and I think he'll look back in a couple of years and be pretty disappointed with himself, the way he handled that, but unfortunately we don't play them again this year. With speculation over the future of seven out-of-contract coaches, Rodney Eade has signalled his intention to stay at the Dogs.

Oh, I'd love certainly love to stay, no doubt about that. Roger Oldridge, Ten News. Broncos coach Ivan Henjak has

urged fans to treat Dragons coach

Wayne Bennett with respect when he

returns to Suncorp stadium tonight.

The former Broncos mentor refuse

today talk about the big clash on

arrival in Brisbane, but he's

getting plenty of support from his

old apprentice. He's been a

wonderful servant to this club, and

you know, six Premierships and you

know, I hope that he gets the

applause thal he deserves. Worth

pointing out that the Dragons have

won their last seven games against

the Broncos.

Western force captain Nathan Sharpe

has dared Queensland reds skipper

to bring it on when the two big men

collide tonight. The clash between

the two comes as a Wallabies

selection showdown. Horwill has

talking up the chance to go head to

head with a former Queenslander and

Sharpe was happy to respond. That's

fine with me if he wants to take it

to a personal level. But I'd be

happy to win the game for the team. There's no mention of Wallabies

spots for us. The match is a

must-win for both sides which are

level on 12 points.

More finance news now with Belinda More finance news now with Belinda

Heggen and more evidence of just

how tough it is getting in the car industry.

It really is. And Holden and its

workers have reportedly been

announced drastic cut backs today

to help the company survive the

economic downturn. Work shifts have

halved and penalty rates slashed

and executive salaries scrapped. Car

production will also be cut.

Redundancies have been averted so

far, but car sales due out today

are expected to be bleak.

To the markets and Wall Street

jumped 4% on the historic G20

agreement. The Dow Jones passing

the 8,000 mark for the first time

in months. The nads dak is also

stronger. Similar optimism in

European markets. London's FTSE up

to a six-week high.

There's the weather on the screen

now, not that they need it up in south-east Queensland:

Still ahead on Ten News - the PM

apologises after reducing a flight

attendant to tears. We've got the

details next. GOOD MORNING, I'M FIONA NELSON. FIRST, THE NATIONAL CAPITAL AUTHORITY, HAS RELEASED A NATIONAL CAPITAL AUTHORITY, HAS RELEASED A DRAFT MANAGEMENT PLAN, TO PROTECT THE HERITAGE VALUES, OF LAKE BURLEY GRIFFIN. THE LAKE, HAS BEEN CANBERRA'S CENTRE PIECE, FOR MORE THAN 45 YEARS, AND IS A TRIBUTE TO THE CAPITAL'S CREATOR, WALTER BURLEY GRIFFIN. THE PLAN, HAS RAISED CONCERNS, ABOUT FUTURE

DEVELOPMENT, WHICH MAY IMPACT ON THE LAKE AND

SURROUNDING AREAS. AREAS. A 53 YEAR OLD MAN FROM MACQUARIE, IS DUE IN THE A-C-T MAGISTRATES COURT TODAY... POLICE HAVE ARRESTED HIM CHILD PORNOGRAPHY OFFENCES. POLICE SEARCHED THE MAN'S HOME IN MACGREGOR YESTERDAY, AND ALLEGEDLY SEIZED COMPUTER EQUIPMENT, CONTAINING IMAGES AND VIDEOS, OF CHILD AND VIDEOS, OF CHILD

CHILD PORNOGRAPHY.

AND AUSTRALIA'S FIRST EVER, FULLY REGISTERED ELECTRIC CAR, IS IN CANBERRA TODAY. MITSUBISHI, IS BRING THE (EYE-MEEVE) i MiEV TO THE CAPITAL LATER THIS MORNING... AFTER IT'S THIS MORNING... AFTER IT'S SUCCESSFUL LAUNCH, AT THE MELBOURNE MOTOR SHOW. THE REVOLUTIONARY, PLUG IN AND GO CAR, CAN TRAVEL FOR

FOR MORE THAN A HUNDRED 50 KAYS, AND REACHES A TOP SPEED OF A HUNDRED AND 30 KAYS AN HOUR. IT'S ON DISPLAY, AT THE BOAT HOUSE RESTAURANT, IN BARTON FROM 11 O'CLOCK. AND DOCTORS IN SOUTH AFRICA, STILL DON'T KNOW IF SHAWN MACKAY, HAS SUFFERED ANY PERMANENT PARALYSIS. PARALYSIS. THE 26 YEAR OLD, HAS HAD SPINAL SURGERY TO FUSE TWO BACK TOGETHER, BUT THE FULL EXTENT OF HIS INJURIES ARE STILL UNKNOWN. THE BRUMBY, WAS HIT BY A CAR IN DURBAN, AFTER LAST DURBAN, AFTER LAST WEEKEND'S SUPER 14 MATCH. NOW HAVING A LOOK AT TODAY'S WEATHER... A COLD FRONT IS MOVING THROUGH SOUTH AUSTRALIA AND MOVING THROUGH SOUTH AUSTRALIA AND IS EXPECTED TO CROSS THE NEW SOUTH WALES, AND THE A-C-T THE A-C-T TONIGHT. LOOKING ACROSS THE NATION - A LATE THUNDERSTORM FOR CANBERRA - A SHOWER OR TWO FOR SYDNEY - WET AND WINDY CONDITIONS FOR BRISBANE BRISBANE CHECKING WHAT TO EXPECT ACROSS SOUTHERN NEW SOUTH SOUTH WALES - A POSSIBLE STORM FOR DUBBO AND WAGGA BOTH WITH A TOP OF 29 - SHOWERS AND 22 FOR ORANGE SHOWERS WITH AN EXPECTED TOP OF 26 DEGREES FOR BOTH BATHURST AND BATEMANS BAY TODAY A POSSIBLE SHOWER FOR MUDGEE 28 - LATE THUNDER THUNDER AND 26 FOR COOMA - 15 FOR THREEDBO LOOKING AHEAD - TOMORROW - WE CAN EXPECT AN EARLY SHOWER, THEN FINE CONDITIONS SUNDAY - SHOULD BE FINE AND MOSTLY SUNNY AND WE'LL HAVE SIMILAR CONDITIONS ON MONDAY

This program is captioned live.

Headlines every 15 minutes on ten's

early news. The G20 summit wraps up

in London. This is the day that the

world came together to fight back

against the global recession.

World leaders sign off on an action

plan to save the world economy.

Police prevent a repeat of yesterday's violent demonstrations

in London with protesters kept well

away from theExcel Centre where the

leaders were meeting.

And a school camping trip turns

into a rescue operation on the

Sunshine Coast as 7o children are trapped.

And new optimism following the G20

financial summit. World markets

soaring overnight.

The G20 financial summit has ended

with a tough new regime to keep the

world's bankers and financiers in

check. A global watchdog will

scrutinise loopholes and name and

shame countries that don't shape up.

Paul Bongornio reports from London.

Despite the gran standing and the

threat of a walkout by the frefrpbl,

the G20 summit has achieved

substantial agreement and substantial agreement and substantial progress. There will be

a green out of the world's banking

system and the cow boys who paid

themselves huge bonuses while

driving their companies into the

wall, they're going to meet their

come uppance with a new global

financial watchdog. While the

architect of much of this and architect of much of this and

certainly the chairman of the

summit, Britain's Gordon Brown is

thrilled. This is the day that the

world came together to fight back

against the global recession.

The International Monetary Fund,

and other keep financial

institutions are to get a trillion

dollar boost. This is to help stop

countries going bust, and to keep

essential financial institutions

afloat. Prime Minister Kevin Rudd

said all of the measures today will

have an impact on families around

the world. Prime ministers and

presidents who have struck this

deal, but who is small businesses deal, but who is small businesses

and young people who will benefit

from it over time because global

action is necessary to support

local jobs. Prime Minister Rudd is

now heading home, but he'll be atending another G20 summit before

the year is out. The leaders are

clearly worried that 2009 is going

to get ugly yet.

Paul Bongornio reporting there. And

police in London braced for more

G20 protests, but there's been no

repeat of yesterday's violent

clashes as the focus of the summit

shifted to London's Excel Centre.

Police took no chances keeping

protesters half a mile away from

the world leaders. Small groups of

protesters weren't deterred, still

wanting to get their message across.

It is nice to have a public

reaction over something as crucial

as this, because I think the G20

can do something in the real world.

Some protesters return today London's financial district, the

scene of yesterday's violence to

mark the death of a protester

outside the Bank of England.

Kevin Rudd has been forced to

apologise to a female RAAF flight

atendant he reduced to tears

because she couldn't provide a

special meal he requested. The

incident happened on a flight he

took in January returning from the

Pacific Islands Forum in Port

Moresby. All of us are human, I'm

human. I'm not perfect. You know,

and as I said before, if I upset

anybody on that particular flight,

I'm really sorry. The 23-year-old

atendant reportedly composed

herself and was able to continue

with her duties. Noit The fate of

the $900 tax bonus will be known

later this morning when the High

Court rules on a challenge to the

payments. Legal academic Bryan Pape

says that the money is a gift and

not a valid tax measure. He

believes that the Commonwealth

doesn't have the constitutional

power to make the payments in their

current form. A decision by the

full bench of the High Court

midmorning will decide whether the

payments go out or not.

A school camping trip turned into a

rescue operation for 70 boys on

Queensland's Sunshine Coast

overnight. The group was trapped by

rising floodwaters at the mouth of

the Noosa River after torrential

rain. It was terrifying, I was

scared. Rescuers took the group

by boat across the water in the

darkness. Noosa copped $461mm of

rain in 24 hours. Many local roads

remain under water and more rain is

predicted today.

The wild weather continues to lash

parts of sees Queensland. The psych

Londonic conditions flooding roads

and homes and capsizing one of

Australia's top racing yachts.

It's been atrocious. I'm like, this

is holidays, it's like a river on

the road. The Sunshine Coast copped

the worst of the torrential rain

that battered the south-east. The

SES answering more than 100 calls

for help with at least two towns

cut off by rising floodwaters. The

weather out there is best

described as horrendous. The crew

of the 13-metre 'Ausmaid' found out

how dangerous the conditions were

juef shore. The racing yacht

capsized in mountainous six metre

seas off Noosa. The yacht rolled,

snapping the mast and throwing the

skipper overboard. I'm unsure

whether he was object a safety line

on the vessel, but if he wasn't and

he was able to get back on the

vessel, he was incredibly lucky. As

he was rushed to hospital, the

remaining crewmen were rescued.

The rain, which came in horizontal

most of yesterday should ease to

showers around the south-east today

but the bureau is warning of flash

flooding. The Central Coast will be

the next to cop it with a trough

heading north towards Hervey Bay.

The good news is that it is weaken

but showers will hang around until early next week.

British police have given ep hope

of saving eight oil workers

missing after a helicopter crash in

the North Sea. The helicopter was

carrying 16 workers home from an

oil platform. Eight bodies were

recovered but another eight are

missing lost at sea. All of the

company's Bond Super Puma helicopters have been grounded as

investigators try to discover the

cause of the incident which

happened in near perfect conditions. Port Adelaide's Chad Cornes has

taken a swipe at Essendon's Andrew

Lovett saying he broke the

unwritten player's code at the

tribunal. He said that Lovett will

regret dobing in Dean Brogan which

resulted in the power ruckman

copping a one-match ban. I think

that's disappointing and he'll look

back and be disappointed with the

way he handled that. Unfortunately

weapon don't play them again this

year. Sunday's match will be

Cornes's 200th game.

Dragons coach Wayne Bennett has

remained tight lipped ahead of the

hugely anticipated clash against

the Broncos. In trade mark fashion,

he refused to talk when he touched

down in Brisbane. He slipped passed the media in Sydney and remained silent as he arrived in Brisbane, the city Wayne Bennett once called home. REPORTER: What type of reception do you think you'll get tomorrow night, Wayne? Feel like enemy territory, won't I? You right there, guys? The former Broncos coach treated like a rockstar, and his old apprentice Ivan Henjak hopes the fans roll out the red carpet on his return to Suncorp Stadium. He's been a wonderful servant to this club, and, you know, six premierships - I hope he gets the applause he deserves. In contrast, the Raiders are preparing to get physical against the Cowboys on Monday and their old coach, Neil Henry. I think the fact we're 0 and 3, we don't need any more motivation, but when you get your old coach back you want to win, like when you play old players, as well. And the Roosters say they're ready to roll against Parramatta tonight despite missing Willy Mason and Nate Myles through a club-enforced suspension. It's more to do with how you go out there and what sort of mindset, than who goes out there. Scott Mackinnon, Ten News. Did Wayne Bennett crack a sniel

there? It must have been an accident! Australian swimmer

Trickett particular said it took a concerted team effort before the

wonderful city by the bay Olympics

to put the Nick D'Arcy assault

scandal behind them. Speaking on

One's new Thursday night program,

she said it was an issue that

threatened to divide the Australian threatened to divide the Australian

Olympic team. There were friends on

both sides, friends of Nick and

friends of Simon as well. And as a

team, we need today just come

together as a team and forget all

the baggage that was happening

outside of the pool. Trickett has

also praitzed team officials for

how the incident was handled.

Investors have reacted positively

to the G20 summit with a surgeon

global markets overnight. With the

details, Juliana Roadley from

Commsec joins us live. Good morning,

well, world leaders have agreed to

pump more than a trillion dollars

into world economies, but will it

be enough? It's a huge cash

injection and I think it is great.

We have tighter regulation for the

hedge funds. New rules coming in to

cover pays and bonuses for

executives. The fact that they've

said that they're going to crack

down on tax havens and even the

poorer nations got a bigger slice of

the pie. It is going to take a long

time for all of this to be

implemented, but the meeting is

creating a lot of hype at the

moment. You've even got the UK

Prime Minister Gordon Brown coming

out with a new tagline for the G20

saying "A new world order is

emerging". We saw the European

markets up by 4% to 6%. The DOW is

above 200 points and the NASDAQ at

43 points higher. Given that, what

can we expect on our market? It

looks like a great day, up another

7% or 67 points. We're seeing great

gains in New York with BHP Billiton

up. Base metals higher and the gold

price is weaker, but the mining is

up as well. At last, good news to report.

Briefly in other business news:

That's finance news on a very big

day. It was indeed. A quick weather

check before we go:

Let's run the headlines again for

you. G20 leaders pledge to pump

more than a trillion dollars into

the global financial system as

the summit wraps up in London.

Police prevent a repeat of

yesterday's violent demonstrations

in London with protesters kept well

away from the summit. And 70 school

children rescued from a camp site

in Queensland as torrential rain

floods the area.

And that's it for Ten's Early News

for this Friday morning. See up

again for the morning news at 11:00.

Have a great weekend.

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