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The Australian share market has fallen sharply as investors fretted about falling oil prices and speculation that financially-embattled Greece would quit the eurozone.
US stocks have tanked on worries about the eurozone and low oil prices as the euro hit a nine-year low against the US dollar and US crude slid below $US50 a barrel.
US oil prices have slipped below $US50 a barrel for the first time in more than five years as the surging US dollar and news of additional supplies extended a six-month rout.
Gold futures have jumped to a three-week high as investors turn to the asset for safety amid a steep sell-off in stocks, oil, copper and other risk markets.
Four additional fixed speed cameras will be installed in Perth as part of a state government plan to reduce the number of deaths on Western Australian roads.
Wall Street stocks have finished the first trading day of the new year little-changed following lacklustre US economic data and with many market participants still on holiday.
The S&P 500 stock index has risen to fresh records, another positive day for global equity markets still cheered by last week's US Federal Reserve meeting.
World oil prices have resumed their downward trajectory following comments from key Middle Eastern oil producers that they have no plans to cut output.
Two of Perth's top radio stations are under new ownership after Fairfax Media sold 96FM for $78 million and merged its other national radio assets, including 6PR, with Macquarie Radio Network.
Coles will pay $11.25 million in fines and costs but could end up paying more than double that refunding its suppliers, after a court agreed to the supermarket giant's settlement with the competition watchdog.