BUSINESS

FTSE 100, Britain’s top stock index, stands around 20 percent higher since the UK departed from the European Union. This set the highest recorded level for January. Meanwhile, US stock markets also enjoyed record-breaking high levels. Dow Jones and S&P 500 both went up more than 20 percent as compared to a year earlier.

Medibank health insurance has blamed IT glitches for its 102 debit problems in the last quarter of 2016.

Adelaide's Finest Supermarkets (AFS) has confirmed that it would not use self-serve checkouts in its stores.

The United States is currently in its “bunny phase,” a recognised economist has said. The reference came during the Fargo Moorhead West Fargo Chamber of Commerce’s annual Economic Outlook Forum. The event was attended by 600 people.

Blackberry's overall smartphone OS market share in Q4 2016 was 0.0481 percent.

There’s a lot riding on Tesla Model 3 as far as the future of the electric vehicle maker is concerned. Whatever happens inside the automaker’s Fremont, California, factory in 2017 will decide whether the company will zoom towards a more sustainable future or slip into eternal doom.

The National Australia Bank (NAB) has released a survey in January showing that the country's economy was stronger compared to last year's Q3 report.

CSL chief executive Paul Perreault has revealed that China has a strong demand of the company's albumin products.

Woolworths has decommissioned its in-house technology and shifted to Microsoft Azure as it prepared for Amazon's arrival.

Apple Inc.'s current market value costs US$699 billion (AU$909 billion), placing the company on top with a closing stock at US$133.29 (AU$173.46) per share.

Woolworths and Adore Beauty's partnership has ended after the make-up and hair products online retailer decided to be an independent company.

Iron ore prices witnessed a surprising upsurge as they crossed US$90 (AU$117.2) a tonne. This is the first time in more than two years the price has gone beyond the anticipated mark. The last time the same feat was achieved was in August 2014.

Bankwest has announced that it will no longer include the negative gearing benefits in assessing the loan eligibility of new borrowers.

Domino's Pizza has investigated the report from Fairfax Media about visa sponsorship scam.

If latest reports are to be believed, Tesla will start building pre-production versions of Model 3 in a few weeks. It will launch the US$35,000 (AU$46,000 approx) mass market sedan in late 2017 and begin attending to the 400,000 pre-orders through 2018. Some auto experts believe that Tesla is on track to launch the Model 3 ahead of schedule.

JB Hi-Fi has recorded a statutory net profit of $110.4 million in its six-month period report.

Woolworths has been taking a different direction than its competitor Coles through the number of self-service checkouts it produced.

Coles has decided to restrict the number of items at self-serve checkouts to 12 items only.

Financial services company AMP suffered its first full year loss since 2003. The loss comes as the company goes through crisis in its life insurance and wealth protection divisions.

Herringbone and Rhodes & Beckett are now following Marcs and David Lawrence to the list of fashion retailers placed into voluntary administration.

The Tesla Model 3 won’t have the 100kWh battery pack like the Model S and Model X. Fans, hoping to get an epic range out of the Model 3, may be disappointed by the news. The information was tweeted by CEO Elon Musk on Wednesday. Musk also revealed that he had no plans to increase the 100kWh battery pack for the Model S and X.

HashChing has revealed that borrowers from the suburbs of major capital cities were paying almost double than the capital cities' average.

The ASX 200 index slumped below the 5600 support level. The slip, which occurred for the first time this year, was largely attributed to the losses in Macquarie. It also comes ahead of RBA's first rates decision of 2017.

Allphones closed its 18 stores on Monday after it has gone into administration.

Alibaba founder Jack Ma said during the opening of the first Australian and New Zealand branch of his company on Saturday that Australia is a gold mine.

Retail sales for December witnessed a surprising decline, as noted by the data released by the Australian Bureau of Statistics. The decline for the sales in December accounted for 0.1 percent, which was in contradiction to the market expectations of a 0.3 percent rise.

National Australia Bank suffered a fall of 1 percent in its cash earnings, as reported in its first quarter unaudited cash profit. This comes on the heels of a decline in bad and doubtful debts associated with the commodities sector.

Tesla CEO Elon Musk has recently confirmed via a tweet that the Tesla Model 3 branding will have the numeric “3” and not three horizontal lines depicting the Model E, a name originally thought of for the Model 3.

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