The prime minister will head to Perth today in an attempt to sell her new ministry to voters, but support for Julia Gillard has fallen to a 19-month low in the lastest Newspoll. Labor's primary vote is down 4 points to 30%.

 

And a labor backbencher wants the coalition to reconsider its opposition to the Malaysian asylum seeker deal in response to yesterday's tragedy near Christmas Island. A young boy and a woman drowned when a boat carrying 95 asylum seekers capsized, two others were seriously injured.

 

There are fears Cyprus will be hit hard by a 13 billion-dollar bail out plan, there are concerns of offshore banking, a major industry in Cyprus will effectively shut down. The plan will see a levy imposed on saving accounts worth more than 130,000 dollars.

 

Australia has slightly improved its effort to become a low carbon economic, but not its global ranking. The nation went from16th to 17th in the Climate Institute's annual global review, the review rates how each economy is prepared for a low carbon future. France tops the list, followed by Japan and China.