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The top stories from ABC News - a Tasmanian man and his pregnant partner are among the victims of the Kenyan mall massacre. Australian architect Ross Langdon and his partner had only recent ly returned to Nairobi. Prime Minister Tony Abbott says the government's thoughts and prayers are with the victim's families and has condemned the attacks. The Red Cross says at least 69 people have died and 63 others are missing as the siege continues. Rolf Harris has been bailed after appearing in a London court on a series of child sex abuse charges. Most of the charges carry maximum sentences of five years while some a maximum of 10. Mr Harris will next appear in court on October 7. The 65th Emmy Awards have wrapped in the US with cult TV thriller 'Breaking Bad' winning best drama. Jeff Daniels scored an upset win for best actor Emmy for his whole in 'The Newsroom', while Claire Danes picked um the award for best actress. And counting is under way in this year's AFL Brownlow medal best and fairest award night. Gold Coast captain Gary Ablett is favoured to win his second Brownlow, while Geelong's Joel Selwood and Hawthorn's Sam Mitchell are also expected to poll well. Those are the headlines from ABC News.

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Tonight - the NBN boardroom walk-out. Six out of seven members fall on their swords before the new minister wields the axe.These people have absolutely no alternative. They've presided over one of the greatest debacles in Australian corporate history.The Abbott government has now said that they will sack and stack the network. I'm Ticky Fullerton. You're watching 'The Business'.

network. I'm Ticky Fullerton. Captions by CSI Australia You're watching 'The Business'. A dramatic weekend for the NBN after months of criticism over cost blow-outs and delays. Rolling out the resignations, as Ziggy Switkowski waits for the call. Outlawing green boycotts. The coalition targeting market-based protesters. And back in the spin. Records raised from the dead as vinyl finds new fans.It's back to the future and the lovely part of about it is we know that future very well. First a quick look at the markets.

Australia's biggest infrastructure project could soon be rebuilding from the top. The ABC understands six out of seven board members of
the National Broadband Network out of seven board have offered to resign, amid speculation they don't have the confidence of the coalition government. The NBN has been dogged by costly blow-outs and huge delays. And just 2% of huge delays. And just 2% of the network has been built. Emily Stewart reports.

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I'm sorry we don't have that piece at the moment. The Federal Government is moving to clamp down on environmental groups who lobby for company boycotts overseas and that's been welcomed by forest workers in Tasmania who accuse green groups of spreading half-truths in key markets like Japan. But activists and the Greens see the move as an attack on free speech. Signs aimed at consumers across the world are a familiar sight at Australian environmental protests. From Western Australia's remote Kimberley to the forests of Tasmania, protesters target their messages at overseas customers.Consumers these days want to know about the environmental origins qulaf they're buying and make a choice that's informed, that's best for the planet and I intend to keep on giving them the information to be able to do that. Australian environmental groups devote time and money to meet the overseas customers of companies they're targeting.Suggesting that we're, you know, engaged in forestry practice the equivalent ever the worst practices you might see in Indonesia and Brazil. I know this. Because I've actually been to Japan, and spoken to people interested in the industry up there and that is what they've been told.The market's understood it was ecowood then were told by us that actually it came from high conservation value forests and we showed them the supply chain. At which point, it was Ta Ann who had to answer difficult questions.But the incoming Federal Government's moving to change that. Its Tasmanian MPs are flagging a plan to remove a legal exemption that allows activists to undermine Australian businesses.It means that environmental groups mustn't be engaging in wilful economic sabotage of our markets overseas. That costs investment and it costs jobs and it must stop. The plan's being sold as a response to protests in Tasmania's commercial forests but it could have wider implications. The government's newest Tasmanian members are push fog are a broad-scaul review of consumer and competition laws.It will be a matter of lobbying from people to people like George Brandis the Attorney-General, to make sure that we harmonise federal and State laws to ensure that wilful
people can't engage in the wilful economic sabotage of our overseas markets.The Greens claim the plan is an incursion on basic legal done is gone out on basic legal rights.All the environment markets,
done is gone out to the markets, and the timber is being sourced an those markets make their those markets make decisions accordingly.Forest contractors welcome the proposed change.Us people that have had to live through the disruption, lost their jobs, lost our income, lost our homes, we've all seen the mess that's been the Tasmanian forest industry over past three years. It's not leer when the law change will woo go before Parliament. Now going back to our story on the National Broadband Network, and ABC understands that six out of seven of that board have offered to resign. Our reporter now from Emily Stewart. Pulling the plug on the NBN. Six out of seven board members have handed in their resignations.The Abbott government has now said that they will sack and stack the NBN network.It is unusual but I think these people have absolutely no alternative. They presided over one the greatest debacles in Australian corporate history. Leading the mass resignation is former management consultant chairwoman Siobhan keeping mum on who else Co and the keeping mum on who else has resigned, but board members include infrastructure expert Terry Francis, former lawyer Alison Lansley, investment banker Brad Orgle, infrastructure expert Kerry Sclacht, civil engineer Rick Turchin and CEO Mike Quigley who will remain until a replacement is found.The business strengths they brought to the table were not in the telecom sector. The resignations have to be rurer stamped at a Cabinet meeting early next month but a total wipe-out would mean a loss of corporate memory.There needs to be some care taken that there is reasonable continuity and it would be therefore a pity to see all of them go. There have been wlis pers the director Kerry Sclacht could be invited to stay on Malcolm Turnbull. And it's understood former Telstra chief Ziggy Switkowski is likely to take on the role as new chair.He certainly brings a wealth of experience. New minister Malcolm Turnbull has been highly vocal in his criticism of the board.Mr Quigley has not been pushed out because he's been doing a good job. He's been pushed out of this company because it has not succeeded to meet its targets.Just 2% of the fibre passed
net work has been built. It's passed 200,000 households in existing suburbs and about 70,000 people actually use the NBN. Robin Ecker man presided over the roll-out of the first advanced broadband network, trans-Act in Canberra in the year 2000.Some of the decisions of the company have been surpriseing in areas such as greenfields. It was also, I think, surprising to see how the whole appointment of contractors went. Stoo despite the political punch-up, more than a quarter of a million people have signed an on-line petition demanding the expensive
coalition build the more expensive fibre to the home model.There's a lot of focus on the discussion around technologies and it's really the wrong focus in this whole debate. Today, there's very few people who could meaningfully use 100 megabits. Now, NBN has run a monopoly on fibre networkses, but last week networkses, Internet service provide TPG announced it hopes Internet service provide announced it hopes to run announced it high-speed optic fibre to more than 500,000 apartment blocks in major capital cities.The concern of NBN has been that there's not cherry-picking of the most lucrative areas of the market. Leaving it with the areas that are most difficult to be self-supporting. Whatever the make-up of the new board, it will have to consider new fast players as it presides over a cheaper and slower NBN.

German Chancellor Angela Merkel is on the hunt for coalition partners for a new government this morning. Her election victory seen as an endorsement of her handling of both the euro crisis and the German economy. As if on cue, figures or Germany's manufacturing and services sector suggest things are looking up in the Eurozone's economic engine room. As for Europe's wider problems the of
hope is with the election out of the way Frau Merkel can see a bold and lasting election. I'm joined now from Berenberg Bank by Christian Schultz who is the senior economists there based in London. Christian Schultz welcome.Hi This is a really resounding victory for the Chancellor. She's surely now the Iron Lady not just of Germany but of Europe.It is a very big personal victory for Angela Merkel. Her handling of the euro crisis has been endorsed by voters resoundingly and it helps that Germany economy is doing well. The reforms which were already implemented 10 years ago are still bearing fruits. And voters did not really want change at a sting in the tail, though,
isn't there? Because Merkel me,'s old friends the FDP which is the business party has failed to get the required 5%. So she won't be able to team up with the FDP, will she?Nope. The FDP, the Liberals, they are out of the Parliament. Which is bad news for German businesses. In terms of Europe, though, it may even be good news, because the FDP was tough on the periphery. The Social Democrats which are likely to replace them as coalition partners, they are softer on the periphery. This German Government is now going to look different.Let me go back to the impacts on Germany itself though. If they do have this grand coalition that you're talking about, that will have the effect of a slow move to the centre left because you don't have the FDP as the right influence and therefore you're going to have issues like taxes, presumably some sort of minimum wage, national minimum wage.Indeed. Germany is doing well that usually produces complacency. Instead of talking about how to generate new income, people start talking about how to distribute existing income. That means that Germany is slowly reversing these reforms which have brought Germany to where it is at the moment. Minimum wages, all sorts of new red tape quotas, higher taxes. These things are not good for the German economy over the long term. In the short term, however, these things may actually promote growth, both in germ flee and also in the Eurozone. In the short term this may actually be positive N the long term, Germany is giving up the competitive advantage it is has built over last decade.And what about the broader reform agenda in Germany, because presumably you've got the big demographic challenge, haven't you, as well, in the longer term there's speculation that - some people are even suggesting that Germany will have real troubles in the sort of medium to longer term?Well, changing demographic trends is very difficult. The previous government has already tried many things, especially to make it easier for women to combine family and work and they've had rate, for
some success, but the birth rate, for instance, hasn't really increased. Now all hopes are on immigration. Immigration has picked up seriously particularly because of the particularly problems in European young people moving problems in many European young people moving to
Germany. There is some European young that front. But Germany. There that front. But there is a lot that front. more to be done and I think that front. But there is a Social Democrats will focus on that. They will try to invest into
more money into child care, into ways of helping women to combine and to gold family and work under the same idea. Moving for broadly to Europe, you were mentioning that things are likely to be less austere than they were given the potential tie-up the Chancellor will have to make. Presumably though we won't get things like the creation of euro bonds or indeed a full-scale baging union?Europe will be on the agenda very, very quickly. Already in mid-October we have a Finance Minister meeting in Canberra, where there is Greece, Portugal, potentially also Ireland. Germany is very likely to give them further support since these reforms. This grand bargain that you have in the Eurozone with help versus reforms, that seems to be working of the banking union is also going to be on the agenda very, very quickly. I think Germany is going to be softer on that front as well but when it comes to mutualising debt in Europe, euro bonds, euro bills a debt redemption fund, oorn with the southerly Democrats, Germany will be reluctant here, only if there is progress in terms of reforms will there be further steps to support the periphery.What about the need for bail-outs down the rack you? Mentioned Greece there. The troika seemed to be having in
reasonably good meetings over in Greece but as I understand it, Greece needs - has needs because it's got debt write-offs worth 11 billion euros by next spring and that's a bill I understand it of over 2 billion euro force Germany.Greece is turning a corner. The economy seems to be growing, they've had a strong tourism season. Unemployment seems to have peaked or maybe it will peak later this year. It's now about solidifying that progress, making sure a Greece does not deviate again. For the country will need further support, will need further cheap loans and Germany seems to be loans, but clearly, Greece needs to make further progress in terms of privatisation, needs to make further in terms of privatisation, in erms of structural reforms, they are not quite there yet and Germany will push for that reform and reform agenda to be pursued.Briefly, we've got the PMI numbers, those manufacturing numbers out today, 27-month high, good news from both Germany and France. What do you make of the bulk of euro skepticism, though that came through, again it was just under the 5% mark, the euro sceptics party in Germany. Do you think that is going to get larger?No, I don't expect that. 479% vote Ford a euro sceptic party there are some euro sceptic elements in some other elements as well but that means more than 90% of Germans voted for broadly pro-European parties. We have broad European election there is. But overall, Germany remains a deeply pro-European party. Thank you very much for giving that perspective. It's very interesting.Thank you. Back to the local market now there was a negative start to the week after rumours that kick off in
tapering by the US fed could kick off in October. I spoke to Ken Howard from RBS Morgans earlier. The negative sentiment over the weekend in the Northern Hemisphere seems to have seeped through to our market today?Certainly wasn't a good indicator with equity markets, credit markets and commodity markets all giving a negative lead on Friday night. The one positive light there was currency which stepped down a bit over the weekend although that seemed to reverse itself during today's trade. Our market opened down about 40-odd points. It finished the day down 25. There is a little plus there that we didn't close on our lows. Most sectors finished in the red although we saw positive share price movements out of JB Hi-Fi, who seemed to buck the trend today.Newcrest Mining was down 7% today. How much of a signal is that about where the gold price might be heading?Look, I think most of that story is about to the gold price, although Newcrest has had a very disappointing run for last couple of years and they are carrying about $4 billion worth of debt, so some of their woes are self-inflicted so to speak. That sector was down 5%, and Newcrest was down 7% for most of the day. So I think that's all about the gold price and where people are forekafrting that to go. Unless it gets back to $1800 an ounce, Newcrest will have another very tough rth
year.Macquarie Group updated rth the market today. What was Group
that all about?Look, Macquarie Group has had a very good run over the past 12 months share prize wise. It did underperform the market today down about 2% on the close. I think it was with (b) 177%. There wasn't a
lot

update. The first quarter update which lot of new news in today's update which was given at the AGM, basically update which was given AGM, 2014 year is going to be AGM, basically said that the slightly better 2014 year is going slightly better than 2013, slightly markets permitting. They've markets permitting. maintained that guidance which is not unusual for Macquarie Bank to be conservative. Certainly those who are bullish on the market are expecting more out of Macquarie Bank in the next 12 to 18 months.More upheaval at Treasury wine estates and the market punished the company. What's going on there?Look, it's been a very tough couple of month there is for Treasury wine estates. We saw the CFO exit in June. We saw the inventory writedown in July. The August full-year result didn't have a lot for people to put a lot of confidence in. Now the CEO is stepping aside and the share price. It dropped 6% more or during the day. Another area of disappointment is we've got a member of the board, albeit somebody who's very, very experience who had's a non-xekts tiff director stepping up to be the CEO. It would've been a plus if we'd seen some internal operational executive appointed to that lead role. We'll wait to see how the company goes trying to find a new CEO. They have some very good brands and real estate. Maybe the shares will start to find a bit of a floor. Feels like a week of regrouping. Ken Howard, thank you very much for joining us.It does, thank you Ticky. To the other major movers on the local share market.

the uj creasing pop larts of music downloads has brought predictions of the death of the music industry, but has also led to a surprising side effect. The resurrection of vinyl. In Australia, vinyl album sales earnings doubled last year and it's breathing life back into record stores across the country. And invigorating an industry once left for dead. Elise Worthington reports. Rocking Horse Records in Brisbane's CBD has been a Mecca for music lovers for almost four decades. After struggling to make ends meet when customers turned to on-line music sales, vinyl sales are back in the back.Towards the end of 230309-10, there was a real vinyl resurgence, just in time to save us.Now the store is often packed with under 20s, digging through vinyl crates.We were lamenting the fact that we'd sort of lost Gen Y. Lunchtime was a sea of lanyards and grey hair. And vinyl has reinvigorated the Gen Ys coming in. And the new generation is embracing the old format with enthusiasm.A different kind of thing about vinyl. It's special in some sort of way you can't put your finger on. What do you think about the sound quality?I actually, I don't have a record player at the moment so I don't know. The latest recording association industry figures show sales are surging.Vinyl sales doubled last year. Admittedly from a low base. But went from approximately 1 million sales to almost $2 million in sales in 12 months.Sales of pop records in the 2,000 record shops in this country are governed by the disc jockeys. For more the whims an fancies of the disc jockeys. For more than
70 years, vinyl records disc jockeys. been part of life in 70 years, been part of life in Australia. But as customers graph Tait towards the greater portability of digital music , CD sales have dropped.A lot of new artists are using vinyl as a way to give their fans some new physical product. And a lot of artists will give the vinyl will you you will get a digital download when you buy the vinyl. Shannon Logan used to hold a weekend market stall to sell her favourite records: she was so busy she opened her own shop in inner-city Brisbane.C dts are non-existent any more. I don't know, everyone of all ages are getting into vinyl and starting to collect and really appreciate that. So it's great. She prides her sever on her edition
collection of rare, limited edition and bootleg vinyl imported from overseas.They're pieces of art, even just looking at the artwork on them and I will have them when I'm really, really old and I think that's really nice. I can look back at my life and hand them down to my grandchildren. The increase in demand is also music to the ears of those working at Australia's last vinyl pressing plant.They just want to put their stuff on vinyl, and yeah, there's no shortage of inquiries at the moment. Zenith records in Melbourne has just expanded by employing twice the number of staff and buying two new machines and far from only appealing to underground music fans, vinyl has hit the mainstream.We've done a number of runs for artists on label who is have been, I guess, you wouldn't pigeonhole as the sort of hipster vinyl type of act. But of hipster vinyl type But they've done very well out of vinyls.In the United States, there's been a dramatic rise too. Mid-year rise too. Mid-year figures show while CD sales continue to fall, vinyl sales are rising and the US is set to break records by selling the most vinyl copies since sales tracking started in the early 1990s. And that can only be good news as fans ride a wave of nostalgia and embrace the warm old sounds of vinyl.

It's back to the future. And the lovely part about it is we know that future very well. And it's only - you know, it's only good news from here on in. Before we go a look at what's making business news in overseas newspapers. The 'Wall Street Journal' says Janet Yellen the lead candidate to succeed Ben Bernanke is widely expected to bring a harder driving leadership style to the world's most powerful Central Bank. And Britain's 'Daily Telegraph' says Tesco CEO says the UK is undergoing the biggest generational change in consumer behaviour since the 1960s, as Tescos prepares for its second curve, investing in digital ventures. And that's 'The Business'. You can watch the show Monday to Thursday at 8.30 each night on ABC News 24 as well as after 'Lateline' on ABC1. I'm Ticky Fullerton. Thank you for watching. Goodnight.

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This Program is Captioned Live.Tonight on The World, heavy gunfire and loud explosions at the besieged Nairobi shopping mall. Troops close in on the attackers while black smoke rises from the building. We go to Kenya live in a moment. Also ahead - a court date for Rolf Harris in the UK. The veteran entertainer has been mobbed which by the media after his appearance on child sex charges. In northern Pakistan burials are taking place after suicide bombers killed at least 80 Christian worshippers as they left a church service. And the Germany secures
chancellor Angela Merkel secures a third term with a landslide victory that's left her Conservative bloc just short of an absolute majority.Hello, I'm Jeremy Fernandez. It's 2pm in Nairobi where there are rapid developments taking place in the siege, at the Westgate mall. In the last hour explosions have been herd heard there and there security forces have be-Ghan there and there are reports is operation to enter security forces have operation to enter parts of the
mall. operation to enter mall. In the last half hour a large mall. In the last large black plume of smoke has been seen rising from the Westgate mall. We understand that the military says it is the one that caused the explosion, not the 10-15 terrorists who remain inside. At this stage 68 people have been killed and more than 170 injured since al-Shabaab militants attacked the shopping centre on Saturday. A Tasmanian man and his pregnant wife are among the victims of the massacre. She was just due to give birth in a couple of weeks. The military says it's be-Ghan the final stages of the assault, a difficult operation given the circumstances and is tonight it's closing in it says on the attackers. We can see now military personnel gathered out there outside the mall, they been combing through the mall in the past day, freeing some of those hostages who have been trapped inside. There have been accounts of people trying to escape through air vents, to hide from the shooters who have been shooting at people indiscriminately. The only thing they've been saying is trying to identify people by religion, they been releasing Muslim people and shooting at everyone else basically. go everyone else basically. Let's
go to our broadcast partner the BBC, in Nairobi.There is thick black smoke billowing from the roof of the shopping mall. This happened just in the past hour. We were waiting and watching, you have to describe the situation here in Nairobi, the moments of calm followed by,