BUSINESS

Iron ore spot markets fell heavily on Friday, marking the first biggest decline in terms of percentage in more than a year. As noted by Metal Bulletin, the spot price for benchmark 62 percent fines slid by a considerably large margin of 6.76 percent to settle at US$75.45 (AU$100.47) a tonne.

Amazon has been planning to create 5,000 virtual customer service jobs that would allow them to work anywhere.

Tesla Model 3’s biggest mystery has been its interiors. Now, certain blurry spy shots have provided a sneak peek into its interiors, and fans are more than happy. For the first time they have got a nice glimpse of their beloved vehicle mush before it is released.

Qantas inflight Wi-Fi has now switched on for customers travelling through the airline's Boeing 737-800 aircraft.

YouTube has announced its new policy that would protect video creators.

Prime Minister Malcolm Turnbull will give India the assurance of providing coal, uranium, gas and renewable energy technology. The recommitment will come as Turnbull and Indian Prime Minister Narendra Modi will meet in Delhi on April 10.

Australia is inching closer to signing a free trade deal with the European Union. The development comes following a conclusion of what has been called a “scoping exercise.”

Chinese iron ore futures sustained a downfall on Thursday evening. This raises the likelihood of spot markets showing weaker performance on Friday.

Rio Tinto Iron Ore said in a statement that its development projects will lead to the creation of as many as 1,000 jobs. This comes as Western Australia’s new Premier Mark McGowan referred to the financial situation of the state as “the worst since the Great Depression.”

Emirates has introduced a loan service to first and business class passengers bounded to the US.

Vessel Yangtze Harmony, which marks the introduction of a new player in Australia’s livestock exporting sector, has started its first voyage. The ship, carrying as many as 12,500 sheep, is currently headed for Oman.

Optus and Yes TV by Fetch Multiroom have launched new broadband plans that would match the lifestyle of their customers.

Facebook is cracking down on “revenge porn” big time. It’s taking a series of steps to stop such images from spreading. The steps also include a process wherein Facebook will prevent users from reposting intimate images shared without the subject’s consent.

Iron ore spot markets bounced back to climb upward on Wednesday. The news comes as trade resumed in China following a four-day holiday.

Coal prices experienced a sharp spike in the wake of the deadly Cyclone Debbie, which has had significant impact on the mining industry in Queensland. Chinese metallurgical futures climbed by more than 7 percent to reach $255 a tonne on Wednesday. This sets the highest recorded level for the prices since December.

Not much action was seen in the iron ore spot market on Tuesday as China celebrated the Tomb Sweeping Festival holiday. While there was marginal betterment on Tuesday, the prices continue to trend below $80 a tonne.

Coking coal market witnessed a significant spike on Monday, escalating by as much as 15 percent to settle at $175.70, according to Steel Index. The gain was seen as the largest since May 2013.

“MasterChef Australia” judge George Calombaris has apologised after it has emerged that his restaurant empire underpaid staff by $2.6 million.

Etsy announced the launch of the Congressional Microbusiness Caucus last month in an effort to elevate the requirements of microbusinesses. Formation of the bipartisan caucus was co-chaired by US Congressional representatives Barbara Comstock, Anna Eshoo, Tim Ryan and Patrick Tiberi.

Exports of coal from the world’s biggest coking coal region are expected to be heavily impacted by the damage caused to rail lines in northeast Australia. The catastrophe comes in the wake of Cyclone Debbie, which resulted in damage to an area of 1,000 kilometres.

Iron ore spot markets suffered a downslide on Monday, pulling the benchmark level below US$80 (AU$105.15) a dry tonne. It the first time since early January that such a low number has been recorded.

Auckland Transport has announced that it needed up to 600 general workers to build the City Rail Link (CRL) when the construction peaks.

Women groups and politicians have been surprised after learning that £250,000 (AU$411,936) of the tampon tax was going to anti-abortion group Life.

Australia’s economic relationship with China will be an instrumental factor in determining its future prosperity. With the importance of resource exports on the rise, there is a need for a newer model of economic engagement. The country should be able to accommodate Chinese demands concerning a variety of services.

Iron ore spot markets slumped yet again on Friday. As noted by Metal Bulletin, the spot price for benchmark 62 percent fines dropped by a margin of 1.7 percent to reach US$80.39 a dry tonne. This is the lowest price recorded since Jan. 10.

The Tesla Model 3 dashboard design may be a turnoff for many. The futuristic dashboard and the advanced heads-up display that everyone expected won’t feature in the Model 3. In a bid to keep the cost down, Tesla is taking some hard decisions.

The Australian Competition and Consumer Commission (ACCC) has required the banks to individually reach an agreement with Apple before their customers can use Apple Pay.

Asia’s coal markets were affected in March by cyclone affecting the mines in Australia and port disruptions seen in Indonesia. This comes as the strength of Chinese demand and other important import markets persist, thereby enhancing prices.

Brexit has divided the British people as it raised concerns in terms of the country's economy.