PM

As power issues across South Australia continue, coastal communities are cleaning up from their second big storm within five months. The wild weather brought huge coastal swells. It's done significant damage to vital tourism infrastructure, some of which has only just been repaired.

There are murmurings of another European banking crisis this evening. Germany's biggest bank, Deutsche Bank, is being asked to stump up $18 billion to US authorities for dodgy dealings it did in the lead up to the global financial crisis. The bank of course says the fine is too steep, but analysts say the truth is that it can't actually afford to pay it. There's already been a minor run on the bank's capital, but there are fears it could develop into a full-blown crisis if the German government doesn't step in to save the day.

A former stockbroker is drilling for gold below Kalgoorlie's historic pubs, convinced the West Australian mining town's Golden Mile continues well beyond the boundaries of the current mines.

Woolworths is considering selling its petrol station portfolio, worth $1.6 billion. The supermarket giant says it's received a number of proposals to buy its service station arm, which features more than 500 locations across the country. It comes after a rough year for the company following the disastrous investment in Masters home improvement stores.

This week marks seven years since a massive earthquake and tsunami struck the Pacific island nation of Samoa. Lalomanu beach on the east coast of the island of Upolu was one of the worst affected areas. Dozens of people lost everything: their homes and even their lives. Now seven years on, much of what was destroyed has been rebuilt. Even the coral that was completely wiped out by the tsunami is starting to grow back. Tourism is also recovering.