BUSINESS

Germany may require Facebook a fine of €500,000 (AU$715,000) for not removing fake news and hate messages within 24 hours after the social media platform has been notified.

Both Ireland and Apple have laid out legal arguments that would form the basis of their respective appeals against Apple tax evasion ruling.

Nurofen has fined $6 million in Australia for misleading customers with its “Specific Pain” range. The fine is the highest corporate penalty ever awarded for misleading conduct under the Australian consumer law.

Experts fear of a possible $5 trillion meltdown for Australia if global trade flows are disrupted due to the South China sea dispute.

Woolworths buying director Steve Donohue has said that the 1c discount on its $45 plum pudding was a computer glitch.

Flight Centre is facing the prospect of paying a fine of $11 million when it loses a High Court battle with ACCC. The company had received the same punishment in 2013 but was turned down on its appeal to the Federal Court. ACCC appealed against the verdict and has now gained favourable judgement.

Following the footsteps of Indian and Venezuela, Australia is also considering to ban $100 notes in a bid to crack down black money. Furthermore, ban on cash payments exceeding a certain limit is also under consideration.

Qantas will soon launch its first non-stop passenger flight between Perth and London that will cover the distance of 9,000 miles (14,498km) in just 17 hours.

Australia has finally approved the sale of iconic cattle empire S. Kidman & Co to Australia’s richest woman Gina Rinehart.

Woolworths won its Mind the Gap case from the Australian Competition and Consumer Commission (ACCC) on Thursday as the Federal Court dismissed the case.

BMW's remote locking mechanism helped Seattle Police Department to nab an alleged thief. The 38-year-old man found the car unlocked and took it for a ride. When the owner reported the theft, police contacted BMW and requested for assistance. The company locked the vehicle remotely trapping the suspect inside and the police arrested him.

Mission Australia, a non-denominational organisation, conducted a survey whose results were published on Dec. 5. The survey found out that mental health is the main issue young Australians face today.

Amazon has introduced an advanced grocery store where customers can buy products without standing in the checkout lines. This is possible with the help of the Amazon Go app, which keeps a track of the products being removed from a shelf and kept back.

Apple, most popularly known for its smartphones, laptops, and other electronic devices, has been rumoured to be joining the car-making industry with its first self-driving car to be released in 2019.

NAB will increase the variable interest rates for home loans from Monday.

Shortage of gas is threatening the existence of Australia's largest wool manufacturer, Victoria Wool Processor. The company was unable to acquire a natural gas dealer.

Coles managing director John Durkan challenged other directors of the company to buy a week's worth of groceries for $150.

Optus announced on Thursday that it has successfully secured a fund to build 114 new mobile sites in the second round of Mobile Black Spots Program of the federal government.

JB Hi-Fi Chief Richard Murray said on Wednesday that he is not threatened by Amazon's retails offering in Australia.

Scurvy, an 18th century disease historically associated with sea sailors, has made a surprise comeback to Australia.

HubSpot and Survey Monkey’s Asia Pacific Content Marketing Report has revealed that 22 percent Australian marketers perceived that content marketing is the single most effective tactic when it comes to driving sales and leads in 2016.

Westpac's RAMS is increasing fixed home loan rates by 0.4 percent. The company is the first big lender to increase interest rates.

Woolworths is preparing for the arrival of the Amazon store in Australia in 2017.

Nintendo Classic Mini, Hatchimals and Pokémon are three of the most in-demand items for shoppers right now and great deals are available.

One of the busiest shopping days of the year is here and eBay has the best Thanksgiving 2016 deals.

Sydney and Melbourne CBD are good places to rent an affordable apartment as the cities show a large decline in the apartment prices.

In a major turnaround of events that has baffled medical experts and researchers, a protein that was long believed to cause Alzheimer’s, has proved to be one that actually fights off the degenerative disease.

Victoria is rolling out a revolutionary melanoma blood test that can diagnose the disease within hours, thereby greatly improving patients’ chances of overcoming the disease. This liquid-biopsy is an Australian-first that allows patients to begin treatment immediately. It cuts weeks off the time taken to detect the fatal skin cancer.

Experts are concerned of the overuse of anti-psychotic drugs prevalent nowadays. They say that these may damage brain and will even lead to early death. However, critics oppose the argument, contradicting the theory for lack of scientific evidence. Most of the claims are exaggerations, they say.