Amazon Prime Video to spend US$6 billion to boost video-on-demand library
Wall Street firm J.P. Morgan analysts said that Amazon Prime Video would spend US$6 billion (AU$7.9 billion) to increase the number its video-on-demand service's content.
TPG Telecom enters the mobile network market, Telstra shares drop
TPG Telecom has entered the mobile network market in Australia after securing premium spectrum in the 700 MHz band at a government auction.
More than 2.3 million Australians are being underpaid superannuation
An updated report about underpaid superannuation has been handed to senate inquiry by former federal treasury director of the retirement income modelling taskforce Phil Gallagher.
NBN recruitment drive to create Australian jobs
A recruitment drive carried out by NBN Co. to employ workers to construct the national broadband network in Perth will lead to creation of jobs. Through its “Active Job Seeker Campaign,” the company seeks to employ people with experience in sectors including mining, boatbuilding, road and bridge construction, electricity distribution and transmission and electronic and precision equipment repair.
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United Airlines disturbing video of a passenger violently kicked off a plane
The United Airlines faced another controversy after a disturbing video went viral on social media.
Iron ore plunges further to enter bear market
Iron ore has made an entry into the bear market, with analysts forecasting further weakness of Australia’s largest export. As noted by Metal Bulletin, the spot price for benchmark 62 percent fines declined by another 1 percent to reach US$74.71 (AU$99.52) a tonne on Monday.
Coal exports disrupted by Cyclone Debbie expected to improve
Queensland’s coal exports are expected to see an improvement later in the week. Following the disaster left behind in the wake of Cyclone Debbie, repair work of rail links responsible for transporting millions of tonnes of coal to port is underway.
Wonga data breach may affect up to 270,000 customers in UK and Poland
Payday loan firm Wonga has warned its customers for the suspected illegal and unauthorised access to their accounts.
Thermal coal producers to close supply gap following Cyclone Debbie
Coking coal market has witnessed a supply gap following the effects caused by the disastrous Cyclone Debbie. The thermal coal producers will be endeavouring to close this gap by altering their thermal supplies to fulfil the demands of the steelmakers.
Iron ore sustains heavy beating, records largest one-day decline in a year
Iron ore spot markets fell heavily on Friday, marking the first biggest decline in terms of percentage in more than a year. As noted by Metal Bulletin, the spot price for benchmark 62 percent fines slid by a considerably large margin of 6.76 percent to settle at US$75.45 (AU$100.47) a tonne.
Amazon to hire 5,000 work-from-home customer service jobs
Amazon has been planning to create 5,000 virtual customer service jobs that would allow them to work anywhere.
Tesla Model 3 spy shots put an end to all display speculations; New Autopilot sensors also spotted
Tesla Model 3’s biggest mystery has been its interiors. Now, certain blurry spy shots have provided a sneak peek into its interiors, and fans are more than happy. For the first time they have got a nice glimpse of their beloved vehicle mush before it is released.
Qantas inflight Wi-Fi now on beta mode
Qantas inflight Wi-Fi has now switched on for customers travelling through the airline's Boeing 737-800 aircraft.
YouTube new policy: Channels with under 10,000 views cannot run ads on videos
YouTube has announced its new policy that would protect video creators.
PM Malcolm Turnbull commits to exporting coal, uranium and renewables to India
Prime Minister Malcolm Turnbull will give India the assurance of providing coal, uranium, gas and renewable energy technology. The recommitment will come as Turnbull and Indian Prime Minister Narendra Modi will meet in Delhi on April 10.
Australia inching towards free trade deal with EU
Australia is inching closer to signing a free trade deal with the European Union. The development comes following a conclusion of what has been called a “scoping exercise.”
Iron ore futures plunge, expanding likelihood of a larger drop
Chinese iron ore futures sustained a downfall on Thursday evening. This raises the likelihood of spot markets showing weaker performance on Friday.
Rio Tinto development projects to create 1,000 jobs
Rio Tinto Iron Ore said in a statement that its development projects will lead to the creation of as many as 1,000 jobs. This comes as Western Australia’s new Premier Mark McGowan referred to the financial situation of the state as “the worst since the Great Depression.”
Emirates lends Microsoft Surface tablets to US-bound first and business class passengers
Emirates has introduced a loan service to first and business class passengers bounded to the US.
Australia live export trade sees introduction of new player
Vessel Yangtze Harmony, which marks the introduction of a new player in Australia’s livestock exporting sector, has started its first voyage. The ship, carrying as many as 12,500 sheep, is currently headed for Oman.
Optus and Yes TV offer lifestyle-based fixed broadband plans
Optus and Yes TV by Fetch Multiroom have launched new broadband plans that would match the lifestyle of their customers.
‘Revenge porn’ issue: Facebook's photo-matching software to stop re-sharing of reported photos; One-stop destination created
Facebook is cracking down on “revenge porn” big time. It’s taking a series of steps to stop such images from spreading. The steps also include a process wherein Facebook will prevent users from reposting intimate images shared without the subject’s consent.
Iron ore prices bounce back, post new high in three weeks
Iron ore spot markets bounced back to climb upward on Wednesday. The news comes as trade resumed in China following a four-day holiday.
Coal prices jump, set new high following disruption in Australia
Coal prices experienced a sharp spike in the wake of the deadly Cyclone Debbie, which has had significant impact on the mining industry in Queensland. Chinese metallurgical futures climbed by more than 7 percent to reach $255 a tonne on Wednesday. This sets the highest recorded level for the prices since December.
Iron ore remains largely quiet as China celebrates Tomb Sweeping Festival
Not much action was seen in the iron ore spot market on Tuesday as China celebrated the Tomb Sweeping Festival holiday. While there was marginal betterment on Tuesday, the prices continue to trend below $80 a tonne.
Coking coal rockets to new high following devastating Cyclone Debbie
Coking coal market witnessed a significant spike on Monday, escalating by as much as 15 percent to settle at $175.70, according to Steel Index. The gain was seen as the largest since May 2013.
‘MasterChef Australia’ judge George Calombaris sorry for underpaying restaurant staff by $2.6M
“MasterChef Australia” judge George Calombaris has apologised after it has emerged that his restaurant empire underpaid staff by $2.6 million.
Etsy launches caucus to help elevate microbusiness needs
Etsy announced the launch of the Congressional Microbusiness Caucus last month in an effort to elevate the requirements of microbusinesses. Formation of the bipartisan caucus was co-chaired by US Congressional representatives Barbara Comstock, Anna Eshoo, Tim Ryan and Patrick Tiberi.
Coal exports heavily affected by flooding from deadly Cyclone Debbie
Exports of coal from the world’s biggest coking coal region are expected to be heavily impacted by the damage caused to rail lines in northeast Australia. The catastrophe comes in the wake of Cyclone Debbie, which resulted in damage to an area of 1,000 kilometres.
Iron ore tumbles yet again to reach lowest since January
Iron ore spot markets suffered a downslide on Monday, pulling the benchmark level below US$80 (AU$105.15) a dry tonne. It the first time since early January that such a low number has been recorded.
City Rail Link offers 600 general construction jobs
Auckland Transport has announced that it needed up to 600 general workers to build the City Rail Link (CRL) when the construction peaks.
Tampon tax funds £250,000 to anti-abortion organisation
Women groups and politicians have been surprised after learning that £250,000 (AU$411,936) of the tampon tax was going to anti-abortion group Life.
Australia's prosperity depends heavily on its economic relationship with China
Australia’s economic relationship with China will be an instrumental factor in determining its future prosperity. With the importance of resource exports on the rise, there is a need for a newer model of economic engagement. The country should be able to accommodate Chinese demands concerning a variety of services.
Iron ore continues downward trajectory, Chinese port inventories reach record levels
Iron ore spot markets slumped yet again on Friday. As noted by Metal Bulletin, the spot price for benchmark 62 percent fines dropped by a margin of 1.7 percent to reach US$80.39 a dry tonne. This is the lowest price recorded since Jan. 10.
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