BUSINESS

Ardent Leisure reported a revenue loss of 63 percent at its Dreamworld and Whitewater World theme parks after they reopened in January. Four people were killed at Dreamworld in October.

EV maker Tesla has promised to bring the high-volume Model 3 to the market in 2017 but the company is constantly missing targets. The automaker hoped to deliver 80,000 or more cars in 2016 but could only deliver 76,230. It even failed to match its own record for deliveries set last quarter when it broke the 25,000 level.

As per a leading cannabis research publisher, ArcView Market Research, North America’s legal cannabis market has posted a 30 per cent increase in revenue on 2015. The revenue figure in 2016 was US$9.3 billion (AU$12 billion). Considering a compound annual growth rate of 25 percent, the marijuana market may post US$20.2 billion (AU$27.9 billion) sales by 2021.

If fresh reports are to be believed, Elon Musk’s company Tesla is going all out with its highly-anticipated EV Tesla Model 3. The deadline for the production parts of the Model 3 is just six months away and Musk does not want supply issues to hit the anticipated car.

World predictions for 2017 have revealed the fate of the United States, European Union, China, Russia and Middle East among other regions.

Publicly funded RAAF jets cost Australian taxpayers a $600,000 bill from July to December 2015 for picking up and dropping off federal politicians.

Woolworths has developed a portal called Supplier Connect that gives suppliers access to the retailer's record of customer data.

A survey, conducted over three decades, has found that more and more Australians are supporting decriminalisation of marijuana. For the first time, more Aussies are supporting cannabis legalisation than those who still want it to be classified as an illicit drug.

Tesla is leading the way in surprising its fan base this holiday season. Let’s take Tesla Easter eggs for example. Reports suggest that Tesla Model X drivers can now enter a code to enable a special Christmas-themed surprise. Meanwhile, Tesla CEO Elon Musk has revealed grand plans for its supercharger network.

Tesla has revealed that the Model 3 is a simpler car to manufacture than most of its other cars. Hence, there are likely to be few first-release issues than what the manufacturers faced with the Model S and Model X.

Those who aren’t done Christmas sale shopping won’t have to wait for the Boxing Day sales to save big as great deals are still available.

Nokia and Apple are trading lawsuits over international patent dispute. A day after Apple filed lawsuits against other companies it accused of colluding with Nokia, the Finnish company filed lawsuits against the Cupertino-based tech giant on Wednesday, alleging that the iPhone-maker has infringed dozens of its patents.

National Australia Bank's Internet and phone banking system have crashed, flooding the bank with complaints from customers saying they could not access it. 

Christmas shopping 2016 is in full swing at the moment, and this is the time for movie buffs to flaunt their new superhero-inspired clothes. A San Diego based online store – Film Jackets has seen a spike in their sales this month, thanks to the popularity of “Star Wars” and other franchise. In an exclusive interview with International Business Times, Australia – the Digital Marketing Executive of the firm, Chris Jackson, shared his insights about the market in this holiday season.

Shan Ju Lin, born in Taiwan and One Nation’s candidate, has defended Pauline Hanson’s infamous remark by saying that the party leader was right about Australia being swamped by Asians.

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.