Category: News
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NSW is Australia’s strongest economy
CommSec has released its latest State of States Report, which names NSW as Australia’s top performing economy. The quarterly report analyses eight key economic factors in each state: economic growth, retail spending, equipment investment, unemployment, construction work done, population growth, housing finance and dwelling commencements. NSW has the strongest scores on population growth, retail trade,…
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Nissan recalls millions of cars
Japanese automotive company Nissan is recalling more than 3.8 million vehicles due to a fault in the passenger side airbag. The global recall comes after the automotive company admitted that it knew of numerous collisions where the airbags did not function properly. The widespread fault is in the sensor that registers whether the seat is occupied…
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Nurofen fined $1.7 million for misleading consumers
The company that sells Nurofen, Reckitt Benckiser, has been fined $1.7 million by the Federal Court for misleading Australian consumers about their pain relief products. The Nurofen Specific range are advertised to specifically target various types of pain including back, period, migraine and tension headache pain. It was argued that despite the packaging and marketing, the products…
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ANZ is the first Australian bank to switch on Apple Pay
ANZ has become the first bank to support Apple Pay meaning those with an ANZ Visa card can make payments using their iPhone. Users will be able to register their cards and use their iPhones or Apple Watches to pays for goods on payment terminals that support tap and pay. They’ll also be able to use…
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Millions of guns destroyed after Port Arthur replaced by 1.02M new ones
It has been 20 years since Martin Bryant walked into a cafe in Port Arthur, Tasmania and used semiautomatic weapons to shoot 35 people dead and injure 23 more. It was the third worst massacre by a single person in history and prompted extensive reforms to gun regulations in Australia. The Howard government banned all automatic and semi-automatic…
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Twitter’s earnings disappoint
Twitter has posted its first quarter earnings and they are noticeably less than the analysts predicted. The company earned $595 million, which fell far short of the $607.8 million expected by industry analysts. Twitter showed a net loss for the quarter of $80 million. Although the company did grow its earnings by 36%, the disappointing…
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Aldi cornering snowsports market
German supermarket Aldi is flexing its discount muscles by cornering the multi billion dollar Australian snowgear market. Aldi has become the biggest retailer of ski and snow apparel in Australia, sidelining smaller retailers with their wide range of options and cheap prices. Their winter sale will be the biggest snowsports gear sale in Australia. Aldi’s…
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Apple stocks take historic dive
There’s a first time for everything, but Apple’s recent firsts aren’t something to celebrate. For the first time in its existence, iPhone sales have fallen 16% year-over-year. Apple has also posted its first year-over-year decline in quarterly revenue in 13 years, as profit and revenue growth have slipped. The company’s quarterly profit fell 22.5% as…
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Tesla store to open in Sydney’s Martin place
Tesla is building its first standalone store in Australia and it will be right in the heart of Sydney’s CBD at 20 Martin Place. This will become the flagship store and add to the service centre and stores in St Leonards NSW and Richmond Victoria. It will be a two-level showroom set to open in the…
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Millennials prioritise sustainability
Every year, the consulting firm Deloitte undertakes a survey of millennials and their priorities, with the 2016 version yielding interesting yet not so unsurprising results. They interview almost 7,700 people, all of whom are born after 1982, possess a secondary education degree and are employed full-time. Overall, the study showed that people in this age group…