BUSINESS

Despite Australia being a prosperous nation, 11 per cent of adults in the country and 12 per cent of children live in poverty. About one million Australian children do not always have enough to eat. Efforts of Foodbank, the largest hunger relief organization in Australia, to reach these needy residents got a boost following the commitment by the Australian dairy industry to provide one million litres of milk yearly for residents in need.

Research findings published today by market researcher Newspoll suggest that almost half of Australians are 'supermarket grazers', who admit helping themselves to free produce while shopping in supermarkets.

Unsold housing stock is nearing record levels, and would take nearly eight months to clear.

Melbourne-based adviser Mark Davis has topped MPA’s Top 100 Broker list after settling a staggering $170m of home loans in 2010/11.

Chinese crude steel output has fallen nearly 10% since last May as the slowdown in Australia's most important export partner continues.

The week's flow of data from China confirms one point: China is the growth centre of the global economy, and Australia is one of its premier suppliers of raw materials.

Western Australia and BHP Billiton (ASX: BHP) agreed on Thursday to increase the royalty rate for iron ore after it amended the State Agreements Acts. The deal, however, is subject to approval by the state's parliament.

Rail firm QR National is building a rail system in Queensland that would transport coal from the Galilee Basin to port even if coal mining companies in the area have plans to develop their own rail system.

Barring any possible glitches, cigarettes marketed in Australia will hit the shelves in December 2012 bearing nothing but a plain olive brown packaging and a bold health advisory meant to dissuade smokers from lighting their next stick.

The pilots union of Qantas airlines has challenged before the Federal Court the ruling of Fair Works Australia (FWA) banning the group from staging industrial action.

Google is pulling the plug on the Gmail in BlackBerry and the email app will no longer be downloadable to the smartphone.

Apple and Google continue to ramp up their assault on the mobile gaming sector as the two giant tech firms again registered growth that analysts said could soon obliterate the dominance of previous market leaders that date back in the early 1990s.

Steep budget cuts approved and set to be implemented by the U.S. government over the next 10 years have rattled global firms currently engaged in contracts with the world’s wealthiest nation.

With about 1,500 claims from Thais, Insurance Australia Group (IAG) is expected to pay out $150 million in flood claims following the recent inundation of Thailand.

Everyone would want to have the first dibs on the third installment to the Modern Warfare series The Call of Duty: Modern Warfare 3. It was simultaneously launched in Europe and Northern America on November 8, 2011, with versions on Microsoft Windows, Xbox360, Playstation 3, Wii and Nintendo DS

When you hear Apple, it doesn't always mean perfection. Just like the previous iPhones released, iPhone 4S had its share of shortcomings. So don't fret when you encountered some of these in the course of your mobile experience.

10th November 2011By Peter Switzer, founder of the Switzer Super ReportIt was always going to come, and now Italy has become the new Greece.

There's been an upheaval in the mobile games market in the last couple of years as Sony and Nintendo give way to newer players like Apple and devices running on Google's Android software.

Research in Motion's next smartphone with its new BBX operating system will have the same resolution as the BlackBerry PlayBook. The screen resolution of 1024x600 will be a unique size for smartphones.

Australian retailer Myer announced on Thursday plans to shutter underperforming stores and boost its online presence to reach an overall sales target of $4 billion by 2015.

China's clampdown on its rare earths production has alarmed trading partners led by Japan, which intends to take up the issue at the Asia-Pacific Economic Cooperation Forum in Hawaii.

Still reeling from the phone hacking scandal that shook his global news empire this year, Rupert Murdoch found himself sobbing for long-time Australian News Ltd CEO John Hartigan, who announced his departure earlier this week.

Australian budget carrier Jetstar made aviation history on Wednesday by allowing its passengers from Auckland to Melbourne to use iPads made available by the air carrier during their flight.

Australian consumers appear to continue their migration to online shopping but most players in the retail industry seem to continue miss the significant surge because they have yet to implement the necessary adjustments on their websites.

Thai firm Mitr Phol Sugar Corporation offered on Wednesday A$4.45 per share cash price for stocks of Australian sugar producer MSF to hike its stake in the company. Mitr Phol currently owns 22 per cent of MSF. The offers values MSF at A$313 million

Solar power is perhaps one of the most expensive renewable energy technologies today, but developments are underway to make it cheaper and more economical. Researchers at Argonne National Laboratories and Penn State are saying that luminescent solar concentrators (LSCs) could eliminate the cost barrier.

Housing finance edged up in September, but a housing group has claimed the result masks weak demand for new homes.

Now watch attitudes towards the state of the Chinese economy change after a sharp fall in monthly consumer and producer inflation in October.

Google Inc. executive chairman Eric Schmidt refuted Apple Inc. co-founder Steve Jobs' allegations that the Android copied the iPhone iOS saying the former was developed first before the latter.