The supermarket giant, Woolworths has finally announced its decision to wrap up its home improvement project, Masters. After incurring heavy losses for almost four years, chairman Gordon Cairns has decided on selling or shutting down the operations. For this, the company his approached its joint venture partner, Lowe's, to buy out its 33.3% stake in Masters., but it may take several months to sort out the exit options.
Australia
A simple formula by an ace mathematician has managed to challenge the 'endless' claim on its slogan by the fast food giant, McDonald's
Australia's Prime Minister Malcolm Turnbull, has announced a huge investment of $1.1 billion innovation fund to help startups and STEM. The National Innovation and Science Agenda, announced at Australia's science body in Canberra CSIRO on Monday, has been labeled as an "ideas boom" to move Australia forward after the "mining boom."
Australian Prime Minister Malcolm Turnbull urged Chinese Premier Li Keqiang to hasten environmental tests of sulfur content on coal imports as Australian exporters claim that the new standards disrupts the trade and drives down the already low prices.
Microsoft's convertible laptop, Microsoft Surface Book, has six months delay on its launching in the U.K. While its pre-order in the U.S. has been available since Oct. 26, the device will not be available in the U.K. until March or April 2016.
New World Wealth (NWW), a South Africa-based market research consultancy, released the lists of wealthiest countries, ranked by using its own new method.
It seems like technology came too late for Martin Brody from the movie Jaws. The government of New South Wales, Australia spent big on advanced technology that can detect sharks to keep beachgoers safe this summer.
A negotiation between the U.S. company and Italian businessman Antonio Percassi to bringing Starbucks to Italy is already in process. The agreement is set to be finalized this coming Christmas according to the newspaper Corriere della Serra.
The $6.5-bn acquisition offer to Asciano Ltd by Brookfield Infrastructure Partners is landed in trouble as the Australian regulator seeks an extensive review following the concern raised by the country's competition watchdog citing the reason that the Canadian firm's deal could lessen competition in rail haulage. The Australian Competition and Consumer Commission has postponed its decision on the acquisition offer made by Brookfield till 17 December.
After five years of negotiations, 12 Pacific nations are about to conclude on a free trade agreement (FTA) as these countries have arrived on an understanding on Trans Pacific Partnership (TPP) deciding monopoly on new biotech drugs.
Australia - Vocus Communications will purchase M2 Group for A$1.93B. The merging will be completed in 2016. Vocus Communications Ltd. had come up with an agreement to purchase M2 Group for A$1.93B, that's US$1.35B worth. The deal will be the country's biggest acquisition in the telecom industry in four months, Bloomberg reported.
The Australian dollar has slightly recovered after Australian employers created more jobs than what economists forecasted last month, pulling down the unemployment rate. According to Bloomberg, the Australian dollar was at 69.70 U.S. cents as of 11:38 am in Sydney on Thursday, down by 0.7% from the previous day. It had been at 69.53 cents just before the statistics bureau announced the number of employed in Australia climbed to 17,400 in August. An increase of 5,000 jobs is expected by analysts, according to the median estimate in a Bloomberg survey. The rate for the jobless went down from 6.3% to 6.2 % in July.
A study conducted by Interpol and the United Nations said that only 33% of Europe's electronic wastes is correctly recycled. A large number of these electronic wastes include computers, cellphones and televisions that are dumped or traded illegally.
Chinese exports tumbled 8.3 percent in July, their biggest drop in four months and far worse than expected, reinforcing expectations that Beijing will be forced to roll out more stimulus to support the world's second-largest economy.
Xshot Deluxe has finally came up with what the selfie fans have been dreaming of. A shutter remote control for the perfect shot!
Subscribe to VCpost newsletter
Most Popular
- Nestle Cuts Sales Forecast as Shoppers Reject Price Hikes
- Social Security Payments Worth Over $4,800 To Go Out This Week; Here’s When You’ll Get Yours
- US Could See Another ‘Great Resignation’ as 3 in 10 Workers Plan To Quit in 2024: Survey
- Uber, Lyft Drivers Remain as Contractors After California Supreme Court Upheld Proposition 22
- Maersk Agrees to Settlement with US Labor Department After Firing Whistleblower
- Walmart Eyes $200 Million Investment in Autonomous Forklifts
- Delta’s CEO Flew to Paris for the Olympics While His Company Is Under Federal Investigation: Report
- Wiers Farm Recalls Produce Products Due To Potential Listerian Contamination