BUSINESS

A recent World Bank report showed that Somalia has one of the most active mobile money markets in the world, outpacing most other countries in Africa.

By acquiring the prestigious Italian fashion house, Versace, American group Michael Kors enters the luxury world, despite a lack of experience in the sector. It’s a risky move, but one that makes financial sense.

The Commonwealth Bank of Australia will be refunding customers who were charged fees for no service.

The consumer version of Google+ will be shut down soon.

The Cannabis Act signalled a new dawn for the cannabis industry in Canada.

Cannabidiol or CBD is becoming popular in the past few years and within this year, its market is on course to reach US$591 million (AU$838 million) this year.

A March poll, for example, showed that more than two-thirds think the U.S. should take steps to reduce the trade deficit with China, even if a resulting trade war drives up consumer prices.

Is it act of malicious stupidity or evil genius? The strawberry sabotage crisis is no doubt hurting individual growers in the short term, but in the long term it may prove a huge win for the industry.

Apple Inc and Amazon.com were forced to deny that they were among the victims of an extreme Chinese espionage operation on Thursday.

Chocolate café Max Brenner Australia has gone into voluntary administration.

Pacton will effectively acquire Arrow’s remaining 49 percent interest, with the consideration of US$1 million (AU$1.39 million) cash and two million in common shares.

He agreed to step down as chairman of Tesla and pay a US$20 million (AU$27.73 million) fine on Saturday.

The Trump White House has endured a lot of bad publicity in its short lifespan, but recent disclosures may be among the worst.

Royal Commissioner Kenneth Hayne has identified “greed” as the key reason banks and other financial institutions repeatedly broke the law, along with an inability to manage, and repeated decisions by the Securities and Investments Commission and the Prudential Regulation Authority not to properly punish them.

Retail sector casuals will see their Saturday pay increase to 150 percent over the next three years.

Crowdfunding is commonly used to raise funds for business ventures, projects or even to raise capital for young upstarts.

Telstra has returned $9.3 million to 72,000 customers who were billed without their knowledge or consent under its Premium Direct Billing (PDB) third-party billing service.

All have big housing affordability problems, caused by a strong economy and 30 years of largely unregulated speculative housing.

The ABC’s former chairman, Justin Milne, has propelled himself from obscurity to infamy in just four days.

Why do the richest 1% of Americans take 20% of national income, but the richest 1% of Danes only 6%? Why have affluent British people seen their share of national income double since 1980, while over the same period, the income share of wealthy Dutch hasn’t budged?

Woolworths has allegedly been selling expiring breastfeeding vitamins.

Fitness First Australia has paid a fine of $12,000 for allegedly breaching the excessive payment surcharge provisions of the Competition and Consumer Act 2010.

The company will be rolling out a few features that will make contacting emergency operators easier and faster in the coming weeks.

The U.S. Labor Department continues to release wonderful news for U.S. workers.

When you take out insurance you are buying a promise. The insurer promises to pay for losses arising from the event mentioned in the policy; be it fire, robbery, flood or something else.

This fact mirrors the realisation that Brazil is changing the way the country sees social finance and investing.

The acquisition is the latest in the soft drink giant’s move to deliver healthier products.

Woolworths and Coles have announced a temporary milk levy to help farmers affected by drought.