BUSINESS

In 2014, a group of Australian, American and French entrepreneurs came together with the aim to build a platform that would disrupt the way digital offers are being consumed by smartphone users from around the world, as well as build an ecosystem that would reward those same users for their loyalty. This idea gave birth to Sh8pe Ltd, a London-based technology startup.

Woolworths CEO Brad Banducci has responded to health-conscious shoppers' demand for a  greater transparency around their food.

Fortescue Metals chief executive Nev Power has said Australia can find its next biggest source for iron ore demand in India. Currently, China serves as the Australia’s largest customer.

Iron ore spot markets reversed on Tuesday after witnessing heavy losses in the past several days. The trend will likely continue on Wednesday as Chinese futures remained strong overnight.

Morgan Stanley analyst Adam Jonas is of the opinion that the safety of Tesla Model 3 will allow the electric vehicle maker to steal away market share from its competitors. This is Tesla’s big opportunity, too good to miss.

According to a new industry report, Queensland will be home to major engineering work in 2017-2018 that will allow the state to reverse its five-year decline. However, it warns that without funding commitments, any improvements will not be met with long-term results.

Vodafone, Foxtel, Bunnings and more Australian companies are joining the boycott of YouTube advertising. The Google-owned video site has since apologised and promised to make necessary changes after it was learnt that unwitting companies’ ads appeared next to extremist content videos.

New Zealand Prime Minister Bill English and China's Premier Li Keqiang have announced that talks on upgrading the New Zealand-China Free Trade Agreement would begin on Anzac Day.

Iron ore spot prices sustained a heavy loss on Monday, marking the fifth loss in the previous six sessions. Falling by 4 percent, the mineral slid down to its minimum in seven weeks.

A gate agent of the United Airlines (UA) has barred two young girls at the Denver International Airport because they were wearing leggings.

Tesla Model 3 won’t be more advanced than the Tesla Model S in any manner. CEO Elon Musk dashed hopes of future owners and current fans through a series of tweets.

Qantas has postponed its in-flight Wi-Fi launch due to technical issues.

Companies engaged in cultivation and harvesting of medicinal cannabis are revelling in the ‘pot stock’ boom. Their shares have surged by as much as 130 percent this year. The escalation is almost six times as compared to the companies in the United States and Canada.

Iron ore spot markets slumped yet again on Friday, dropping by a margin of nearly 8 percent this week. With this, the loss shrunk this year's gain to 7.8 percent.

Online shopping is growing in Australia, with the Australian Competition and Consumer Commission attesting that an increasing number of people are getting used to purchasing items online. In relation to this, Cloud Web Hosting services and other online marketing solutions are being launched to help Australian businesses.

Medicinal cannabis should be subsidised on the Pharmaceutical Benefits Scheme (PBS), according to Queensland Health Minister Cameron Dick. The news comes on the heels of the examination of a bill that pushes for lowering the prices of drugs and making them available for patients in Queensland.

Brantano has announced that it would enter into administration as it suffered from rise in costs since post-EU referendum fall in sterling.

Accenture has won the bid in providing systems integration services to transform Australia's Centrelink payment system.

Content publishers looking for materials now have a new option in the market. Contentmart Global launched Contentmart to help businesses and individuals find verified writers for their content needs.

Mining giant Rio Tinto has awarded contracts worth $1.38 billion for the development of the Amrun bauxite mine project. Of these, Queensland suppliers have received nearly two-thirds, amounting to $900 million, of the contracts. More than 500 companies have been associated with the project in the state.

Iron ore prices witnessed a downslide for the second consecutive day. With this, the Australian export dove to a six-week low, dropping by a substantial margin overnight in terms of percentage since December.

In an exclusive interview with International Business Times Australia, Mackay shares more of how his business started, what pushed him to pursue his passion, his secrets to success, as well as setbacks in the industry.

SunPower CEO Tom Werner has been skeptical that Tesla CEO Elon Musk could pull off an affordable solar roof.

Optus Business has announced that it would support EnergyAustralia's telecommunications needs through its new expanded telecommunications and managed-services agreement.

Researchers have found out that drinkers who mix energy drinks with alcoholic beverages may be more likely to have increased risk of injury.

Qantas CEO Alan Joyce has released a statement saying that companies should express a view on social issues.

Customers of Commonweath Bank of Australia (CBA) and Australia and New Zealand Banking Group (ANZ) could see a surge in interest rates – of more than 20 basis points for investor loans and 10 basis points for owner-occupiers. The development comes in the wake of National Australia Bank (NAB) and Westpac upping their interest rates out-of-cycle with the Reserve Bank last week.

The Fair Work Ombudsman has launched an app called Record My Hours that would protect young and migrant workers.

Iron ore prices sustained a considerably heavy decline on Tuesday. With this, it slipped by the largest margin of a day in recent months. According to Metal Bulletin, the spot price for benchmark 62 percent fines went down by 4.26 percent to US$87.59 (AU$114.23) a tonne.