Airbus, Boeing Urge EU to Delay Emissions Trading Scheme Roll Out
Boeing joined the chorus of opposition against the now controversial emission trading scheme of the European Union (EU) and called on Brussels to seriously reconsider the economic implications of its new regulation.
Samsung Admits Delays on Galaxy Note Android Update
The long wait for the Android 4.0 update for Samsung's Galaxy Note has been further extended, with the giant Asian mobile device maker admitting this week that Ice Cream Sandwich's (ICS) arrival will be delayed.
Qantas Insists on Keeping ‘Fleet Grounding’ Power
Qantas Airways has rejected a Senate proposal that would require the airline to first secure clearance with government regulators before it can implement fleet grounding like it did last year.
FMG's Andrew Forrest Calls on Gov't to Work on Economic Promises
Fortescue Metals Group (FMG) owner Andrew Forrest called on the federal government Thursday night to simply make good on its earlier economic promises instead of attacking certain personalities.
Woodside Reveals Impending LNG Shipments from Pluto Project
The $200 billion liquefied natural gas (LNG) fresh initiatives in Australia got another boost this week as Woodside Petroleum Ltd revealed the imminent shift to full production activity of its Pluto LNG processing facility in Western Australia.
Microsoft Sees Windows Phones Becoming Number 1 in China
Microsoft wants to dominate the smartphone market, not in the United States, but in China, which research firms said will take the spot as the biggest smartphone market in the world this year.
New BREE Data Points to Record Commodities Earnings
Soft orders and oversupply could drive down the global market price of commodities but Australia's earnings from shipments of the products will continue climbing, according to the latest estimates provided Wednesday by the Bureau of Resources and Energy Economics (BREE).
Holden Obtains $275-M Govt Subsidy to Ensure its Stay in Australia
Holden will continue assembling its flagship vehicles within Australia through the next decade on the strength of the $275 million assistance that the carmaker has secured from both the national and state governments.
Deployment of U.S. Marines in Australia to Begin in April
The scheduled deployment of U.S. Marines in Australia will commence next month, reports said, with the initial 10 percent of the announced number of troops set to be shipped to Darwin.
Report: Windows 8 Tablets Set to Start Testing the Market by Q4 2012
Windows 8 is set to hit the market by the last quarter of 2012, likely just in time for the holiday shopping spree that sellers target to boost their financial results before ending the year.
Westpac Survey Reveals Snags on Economic Growth
The Australian economy saw its slowest growth pace in the last quarter of 2011, according to the latest Westpac-Melbourne Institute leading index of economic activity, which paved the way for a measly growth rate at the start of the current year.
RBA Justifies Higher Costs Pressure on Banks to Preserve Earnings
Australian banks were aiming to preserve their profit margins when the decision was made to move up interest rates, breaking away from the cash rate set by the Reserve Bank of Australia (RBA) in recent months.
David Jones Outlines Strategic Plan to Cut Costs
Emerging from the trading halt it sued for at the start of the week, David Jones laid out on Wednesday a new plan that hopefully would enable the country's second biggest department store to recover from the slumps it suffered lately.
Miners’ Iron Ore Expansion Plan to Proceed amidst China Slowdown
Global miners have agreed that economic slowdown set to be seen in China this year could temper demands for iron ore but insisted that their expansion goals will not be re-calibrated.
Conspiracy to Destroy Australia's Coal Industry: Clive Palmer Draws Criticisms fo such Claims
Government officials blasted at Queensland billionaire Clive Palmer for accusing specific groups of plotting to destroy the Australian economy.
Union Alliance Calls on Qantas to Keep Maintenance Works in Australia
The Qantas Engineers Alliance has urged Qantas Airways on Monday to ensure that aircraft maintenance works will stay in Australia amidst plans by the company to consolidate its three engineering sites located in Avalon, Brisbane and Victoria.
Govt Opens Up Doors for Further Concessions on Proposed Financial Services Reforms
The federal government has agreed to accommodate concessions on its Future of Financial Advice legislation, a move that is said was necessary to provide more breathing room for the proposal to win parliamentary approval.
MRRT Gets Final Green Light from Senate
Prime Minister Julia Gillard scored a victory Monday night as the Australian Senate approved her proposed minerals resource rent tax (MRRT) that will soon collect 30 percent tax from profits generated by the country's mining giants.
Apple Flags 3 M New iPads Sold So Far; Reveals Planned Dividends, Share Buybacks
Apple reported on Monday that it has so far sold three million units of the new iPad, barely a week after the device was released.
RBA Chief: Despite the Challenges, Australian Market Remains Profitable
The Australian economy is in generally healthy state, said Reserve Bank of Australia (RBA) governor Glenn Stevens downplaying some indicators that worry some investors.
Report: Apple Earns Less on New iPad But Tipped to Maintain Overall Profitability
Apple's huge cash chest is no secret and most definitely that reserve keeps on adding up as new Apple products hit the market. Yet how much really has Apple been cashing on its incredible success lately?
Australia still Unprepared for Carbon-Less Economy
The Australian economy lags behind its peers among the developed nations in readiness for less carbon emissions, according to the new global climate leadership review released Monday by the Climate Institute.
Julian Assange Reveals Plan to Run for a Senate Seat
WikiLeaks has announced over the weekend that its founder, Australian national Julian Assange, will vie for a Senate seat next year amidst his ongoing legal troubles.
Labor Remains Confident on Benefits of MRRT, Insists on Tax’s Present Form
The mining tax will keep its present form as Prime Minister Julia Gillard insisted on Monday to "bring the legislation to Parliament exactly as we outlined," even as her deputy, Federal Treasurer Wayne Swan, earlier maintained that the new tax will spur more mining activities and deliver on its pledged benefits.
PayPal Unveils ‘PayPal Here’ to Process Payments via Smartphone
Online payment processing firm PayPal has introduced another of its over-the-counter payment scheme, this time around through the use of the now ubiquitous smartphones.
Telstra Sells First iPads in Australia, Global Anticipation Pushes Apple Stock to $600 Per Share
Telstra Corporation has some sort of a coup when the giant Telco offered on one of its stores the third iPad edition early Friday morning, with an Aussie construction manager earning the distinction as the first in the country to own the most-sought after product.
Swan: Govt Introduces Tax Policies that Benefit Australia
Government tax measures have been configured to benefit both the public and business communities, especially the small players, according to Federal Treasurer Wayne Swan.
Indonesia Airs Support for Aussie-U.S. Security Pact, Expresses Grave Concern on People Smuggling
Indonesia has expressed full support for the growing regional cooperation between Australia and the United States, with key ministers of the populous Asian country assuring Canberra that its security pact with America poses no serious problem among emerging power-players in the region.
Report: 'Mini iPad' on Apple's 2012 Product Pipeline
Days before the official release of the new iPad version, reports emerged that another edition could hit the market before the end of the current year.
Britannica Sets Aside Hardbound Copies to Focus on Digital, Online Editions
The latest Encyclopaedia Britannica 32-volume edition will be the last to see print as its publisher announced this week the retirement of the book collection after more than two centuries of delivering knowledge to millions to around the world.