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Australian PM Stumbles before Angry Protesters, Loses Shoe

Australian Prime Minister Julia Gillard stumbled and was caught by a security guard as riot police helped her force a path through a crowd of rowdy protesters following a ceremony to mark Australia's national day Thursday.

Some 200 supporters of indigenous rights surrounded a Canberra restaurant and banged its windows while Gillard and opposition leader Tony Abbott were inside officiating at an award ceremony.

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South Korea Stages Artillery Drills at Border Island

South Korea staged live-fire drills Thursday from a front-line island shelled by North Korea in 2010, the first such exercise since North Korean leader Kim Jong Il died last month.

Marines at Yeonpyeong Island and nearby Baengnyeong Island fired artillery into waters near the disputed sea border during the two-hour-long drills, a South Korean Defense Ministry official said. The drills were routine exercises and there haven't been any suspicious activities by North Korea's military, the official said on condition of anonymity, citing department rules.

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Israel Seeks to Turn Gas to Gold

Israel is putting together a plan for a national investment fund that would tap an anticipated natural gas bonanza to fuel both an export-geared economy and provide a nest egg of $10 billion in under a decade for future generations.

The proposed Israeli sovereign wealth fund is still in the planning phase, but officials have said some of the revenues would be invested in strategically critical targets such as education and health.

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Iran Ups Bank Interest Rate to Buoy Rial

President Mahmoud Ahmadinejad has approved an increase in bank interest rates in a bid to absorb liquidity in the market and supporting the Iranian currency.

Economy Minister Shamseddin Hosseini was quoted Wednesday by the official IRNA news agency as saying that Ahmadinejad approved a decision by Iran's Money and Credit Council to raise interest rates on deposits to 21 percent.

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Dubai Ruler's Firm Vows to Repay $500M in Debt

An investment company owned by Dubai's ruler says it will repay $500 million in bonds next week, distancing itself from other debt-laden firms in the Gulf emirate.

Dubai Holding Commercial Operations Group confirmed Wednesday it will repay the bonds on Feb. 1, using funds from its internal cash flow.

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Chanel Aims Sky-High, and Armani Courts A-List

On day two of Paris's frantic three days of haute couture collections, Chanel took the fashion crowd to the skies and highlights included super-sexy, celebrity-filled Armani Prive.

Tuesday's haute couture shows felt more flashy than in previous seasons — perhaps owing to confidence after some fashion houses revealed rising sales figures during last year.

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Abu Dhabi Sets New Dates for Louvre, Guggenheim

The state developer of an ambitious cultural district in Abu Dhabi on Wednesday outlined a new timetable for the stalled project, with its first attraction — a branch of the Louvre — slated now to open in 2015.

A division of the Guggenheim will follow in 2017, which like the outpost of the French art institution will make its debut in the Emirati capital years later than originally planned.

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Frida Kahlo Photos to Be Shown in U.S.

Hundreds of photographs by Mexican artist Frida Kahlo that were sealed away when she died will be publicly displayed for the first time in the United States next month at the Artisphere arts center in Arlington, Virginia.

Artisphere is announcing plans Wednesday for an exhibition titled "Frida Kahlo: Her Photos," which includes more than 250 images from her personal collection. They were packed away in 1954 when Kahlo died, along with items from her husband, artist Diego Rivera, and were unsealed in 2007.

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Sharapova, Kvitova Set up Aussie Open Semifinal

Former and reigning Wimbledon winners Maria Sharapova and Petra Kvitova will meet in the Australian Open semifinals after both won in straight sets on Wednesday.

Sharapova won 6-2, 6-3 against fellow Russian Ekaterina Makarova, who knocked out five-time champion Serena Williams in the previous round.

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Murray Joins Federer, Nadal in Aussie Open Semis

Andy Murray overcame an inconsistent serve to beat Kei Nishikori on Wednesday and reach the semifinals of the Australian Open for the third straight year.

The No. 4-ranked Murray won 6-3, 6-3, 6-1 to join No. 2 Rafael Nadal and No. 3 Roger Federer in the semifinals. Top-ranked Novak Djokovic had a chance to complete a powerful final four later with a win over David Ferrer of Spain.

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