BUSINESS

Marcs and David Lawrence have been placed in voluntary administration according to administrators Geoffrey Reidy and Andrew Barnden.

Telecom giant Telstra has yet again achieved the top position in the list of Australia’s most valuable brands. The finding, which comes from an annual global survey, reveals Telstra stands at the top with an estimate brand value of US$14.3 billion (AU$18.8 billion).

Telstra along with partners Netgear, Qualcomm and Ericsson previewed the future of mobile connectivity in Australia on Monday.

Toyota Australia issued a statement on Monday confirming that it will close its Altona plant in Melbourne. This will result in 2,600 employees losing their jobs.

German supermarket chain Aldi is invested heavily in expanding its footprint in Western Australia and South Australia. It plans to open 70 new stores in WA and 50 new stores in SA with an investment of over $700 million.

Qantas has launched a safety video for 2017 featuring the best tourist spots in Australia.

US stocks sustained a heavy blow overnight on Monday as a result of Donald Trump’s controversial travel ban. The Australian market also received its share of downfall. As of 7AM, the share price futures index fell 12 points at 5,5591.

American ride-hailing service Uber’s ill-timed tweet resulted in a disaster for the company. The hashtag #DeleteUber trended on Twitter and customers moved to Lyft,who pledged US$1 million (AU$1.32 million) to American Civil Liberties Union in support of those affected by Trump travel ban.

An aged pensioner's pension has been cut from $316 to $99 a fortnight after helping his kids with a deposit to buy their first home.

Billabong's former CEO Matthew Perrin was sentenced to jail for eight years on Friday for forging his wife's signature to get an approval for the $13 million loan he applied in 2008.

If reports are to be believed, a brand new Tesla Model 3 promotional video has suddenly become the focus of attention as it is being shown in some of the Tesla stores in Europe. The video proves a very important thing and that is the mass market electric vehicle (EV) is very much on track and deliveries may be right around the corner.

Qantas has planned to add Perth to London flight in March 2018 using Boeing's Dreamliner aeroplane 787, which is expected to be the longest route in operation.

Tesla is steering away from any controversy and wants to solely focus on Tesla Model 3 production. This is why the automaker has changed Model 3 branding by removing the three lines from its logo.

PRDNationwide has revealed in its latest report that Australia still has affordable houses and apartments in the suburbs near each capital city's CBD.

Alibaba has announced on Tuesday that its revenue during the fiscal third quarter of 2016 has increased to 54 percent.

An elderly couple in Tasmania, who hosted their home using Airbnb, has been fined through Tasmanian State Revenue Office’s robo-debt system.

US President Donald Trump scrapped the involvement of America in the Trans-Pacific Partnership (TPP) free deal when he signed an executive order on Monday, withdrawing the country's participation in the deal.

Optus Business announced on Monday about the five-year $75 million deal with Flight Centre Travel Group Limited (Flight Centre).

Village Roadshow has witnessed a significant decline in its attendance by Queenslanders in the wake of the Dreamworld tragedy where four people were killed. The decline has been more than 12 percent as compared to previous years.

Tesla Motors’ Autopilot tech has been cleared in a probe that went on for six months and it has come as a huge relief for Tesla fans and the company too. The six-month federal investigation, carried out because of a fatal crash involving the semi-autonomous Autopilot system in a Tesla vehicle, has also provided insights into how the automaker designed and developed it.

Pumpkin Patch will be closing its doors by mid-February after receivers were not able to attract a buyer. By the end of January, 68 stores of the childrenswear chain that employ 560 people will be shuttered.

Latest reports suggest that Tesla would be using its Nevada Gigafactory for building electric motors and gearboxes for its highly-anticipated electric vehicle Tesla Model 3. Nevada governor Brian Sandoval revealed that the lines will be installed at the Gigafactory, which will create 550 new jobs at the facility.

Airbus CEO Tom Enders has confirmed that its flying cars are currently in the experimental stage.

Donald Trump has warned German car companies including BMW, Daimler and Volkswagen that the US government would impose 35 percent tax to vehicles imported to the US market.

Tesla service centre woes are causing panic among Tesla Model 3 enthusiasts. The electric vehicle that is assumed to cost US$35,000 (AU$47,000) when released is undoubtedly the most-anticipated devices of the Elon Musk-led Tesla. However, even before the company has started delivering the vehicles, people are finding issues that Model 3 owners are most-likely to face when the vehicle arrives in the market.

Loy Yang employees would receive deep cuts to their take-home pay and superannuation after the approval of AGL's termination application on its current enterprise agreement.

Fewer Aussie CEOs has expected business conditions to improve in 2017 than in the previous year. However, they were cautious optimistic in the improvement according to AI Group's Business outlook survey.

The Australian motor industry is knee-deep in trouble, a fact more or less confirmed by the announcement that Toyota will not make its new Camry model in the country.

The Lily Camera also known as the selfie drone has been cancelled by its designers despite having an almost US$34 million (AU$45.4 million) of pre-orders since going on sale in June 2016.