Driverless cars are commonly featured in futuristic sci-fi films, but despite being prophesised for decades they have so far not looked close to becoming reality. However, all of this looks set to change with eight major global motoring players all working on driverless technologies.
Singapore's air-pollution index has breached 400 on Friday after five full days of non-stop smoke billowing from neighbor Indonesia due to the latter's forest fires. And with the smog expected to last through for the next two weeks, citizens have been forced to improvise safety nets to protect themselves in the face of dwindling stock of surgical and gas masks.
On Thursday, ANZ spokesperson Stephen Ries denied earlier reports that the company is closing its Mulgrave call centre in Melbourne and transferring jobs to New Zealand and The Philippines. "We're not going to speculate what's going to happen in the future," he said. He assured Australian customers that ANZ's call centre headquarters would remain in Melbourne.
IBM Australia is looking to let go of 1,500 jobs in a move to send jobs offshore to New Zealand and Asia. Local jobs held by around 1,200 to 1,500 Australians are affected as their jobs have been found to be redundant. The figures are comparable with Ford's plans to cut 1,200 jobs when the company leaves Australia in 2016.
ANZ Bank considers cutting 600 jobs and plans to send head office jobs to New Zealand or the Philippines as part of its cost-cutting measures.
All eyes are on the forthcoming baby of Prince William and Kate Middleton even as the royal couple prefers not to know in advance through technology the gender of their baby. However, there are speculations the baby would be a girl based on an alleged slip on the part of the mother.
Screen Australia reveals the results of its report handled by the Bureau of Statistics. Data shows most sectors of the TV and film industry in Australia have grown despite the complaints of some industry players about tough times.
Candy Crush Saga hired banks to handle U.S. initial public offering or IPO.
Australians are one of the reasons why prices of homes are skyrocketing in New Zealand. A new research study shows Australians purchased more property in New Zealand than other foreigner.
Yesterday we discussed how financial conditions were becoming tighter across the globe as markets responded to US Federal Reserve Chairman Bernanke's attempts to pull back on the scale of quantitative easing. Right now, the Federal Reserve is monetising around $85 billion per month in Treasuries and mortgage backed securities.
Those who think the world is warming up should visit Edinburgh. It is a city made of stone. Yellow stone. Brown stone. Almost black stone. Almost every building is built of stone. And the entire city sits on a rock...
Even if the country's unemployment rate went down to 5.5 per cent for May, some Australian workers may not feel secured in their jobs as companies continue to close or put in place cost-cutting measures that may result in some workers losing their means of livelihood.
Air New Zealand has unveiled during the 50th Le Bourget Paris Air Show its brand new shark-finned Airbus A320 aircraft planes.
Bigger market opportunities are going to open for Victorian producers as a new trade agreement takes full effect between Australia and Malaysia. The agreement stands to benefit particularly the dairy sector, as well as other non-food related industries.
National Australia Bank (NAB) Chief Executive Cameron Clyne is not intimidated by Goldman Sachs economist's statement that Australia might have a 20 per cent chance of going into recession in 2014. The NAB chief executive is confident due to the low employment rate which will serve as a buffer against recession.
The death toll from the SARS-like Middle East Respiratory Syndrome Coronavirus (MERS-CoV) in Saudi Arabia has risen to 32, as the kingdom's Health Ministry disclosed on Monday that four more have recently succumbed to the fatal disease.
At least one humdred Victorian jobs are expected to be generated as the Malaysia-based global Tune Hotels opens its new 225-room hotel and operational headquarters in Melbourne in November.
When the ever evolving world of technology gave birth to text messaging some 20 years ago, people from around the world rejoiced at how messages can now be immediately sent to target recipients. Unwittingly, however, it caused the death of some communications tool, such as India's telegram service.
The kingdom of oil-rich nation Saudi Arabia has advised pilgrims to the annual Mecca Hajj season to defer to next year their plans of going to the holy city, citing delayed expansion works at the Grand Mosque as well as fears over the Middle East Respiratory Syndrome Coronavirus (MERS-CoV).
Transport systems in France were severely crippled this week as thousands of employees working for the country's aviation and rail sectors left their posts, leaving thousands of commuters stranded in stations and airports.
The World Bank on Wednesday lowered its growth estimate for the global economy in 2013, in part due to the spiralling eurozone crisis, but said that outlook appears more stable than just before the 2008 financial crisis.
New York's mayor Michael Bloomberg has unveiled plans for the city to defend itself against future storms and dangers posed by climate change, recommending the construction of anti-flood fortifications including removable floodwalls, levees and sand-dunes in low-lying areas across the city.
Goldman Sachs warned on Wednesday that Australia has a 20 per cent chance of going through a recession in 2014 due to the slowdown in mining investments.
You have to give it to those Japanese. They know how to put on a show. The Nikkei 225 had a lazy 636 point gain on Monday while most Australians enjoyed a public holiday. The gain was good enough for a 4.94% rise in the index. It just goes to show you that those who are determined to ruin the world's financial system have a nearly inexhaustible arsenal of bad ideas.
How about that? The Dow rose 207 points on Friday. Gold down $32 per ounce.
Fidelity analyst Heather Hagerty says a lower Australian dollar is beneficial but the speed of the currency's decline 'is the real problem'. Translation: the lower dollar will be good for mining businesses, industrial stocks, and exporters. But if the currency falls too far too fast, it could accelerate the flight of foreign capital from the country.
Geelong suffers another blow as Target announces 260 job cuts in the region. The Target decision follows Ford's earlier announcement of business shut down in Australia, resulting to hundreds of displaced Geelong workers. Also, 450 workers in the region are facing uncertain future as Shell Refinery is said to be planning to sell by next year.
South Australia recorded the highest growth in the number of housing loans for the month of April. Overall, the country enjoyed a slightly adjusted increase of 0.8 percent compared to March.
Mr. Bernanke's price-fixing scheme ran over a speed bump. The Dow dropped 216 points. Just a jolt, for now. The brick wall is still ahead.
It seems that after all US households are getting stronger as newest findings indicated that they got out of the financial crisis woods. As total net worth of US households for the first quarter pleasantly surprised, we should remember that this positive trend was driven by a stronger real estate segment and improving stock market as well. Yet analysts note that many low and middle class households do not feel any improvement at all, facing increasing problems.
