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WASHINGTON (AP) — The National Security Agency tracks the locations of nearly 5 billion cellphones every day overseas, including those belonging to Americans abroad, The Washington Post reported Wednesday.
Australian carrier Qantas announced the axing of 1,000 jobs and said it faced "immense" challenges in a shock profit downgrade Thursday, flagging a half-year loss of up to Aus$300 million (US$271 million). Chief executive Alan Joyce said conditions had seen a "marked" deterioration and the airline was battling "extraordinary circumstances", including record fuel costs, a strong Australian dollar and fierce competition from subsidised rivals. Qantas shares plummeted 17.26 percent to 99.5 cents on the news, which comes just months after the carrier returned to a modest Aus$5 million annual profit in August following a strategic tie-up with Emirates. "The challenges we now face are immense," Joyce said in an update to the Australian stock exchange.