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Business 07 Jan 2014 | 10:47 AM

Iris scans to replace passwords for computers, phones etc?

LAS VEGAS: Voxx International wants iris recognition technology to render passwords obsolete, offering a "one in two trillion" level of online security.

Economy 17 Dec 2013 | 12:26 PM

Australia staring at "debt mountain" as economy slows

Just three months in power, Australia's Liberal National government has abandoned all thought of returning to a budget surplus and predicted deficits for the next decade without spending cuts, heralding sober times ahead for the resource-rich country.

Business 17 Dec 2013 | 11:33 AM

Tiger with US$78mil heads 10 biggest sports earners in 2013

NEW YORK: Following is a list of the 10 biggest sports earners in 2013.

Business 05 Dec 2013 | 9:29 AM

Qantas issues profit warning, announces job cuts, shares plummet

SYDNEY: Qantas Airways Ltd warned on Thursday it expects to post an underlying pre-tax loss between A$250 million ($225 million) and A$300 million for the first half of the current year, following a "marked deterioration" in market conditions.

Business 04 Dec 2013 | 12:55 PM

Australian economy expands 0.6% in Q3, 2.3% on-year

SYDNEY: Mining-powered Australia expanded a modest 0.6 percent in the three months to September and 2.3 percent on-year, showing a transitioning economy "stuck in second gear", the government said Wednesday.

Business 29 Nov 2013 | 11:02 AM

Australia spurns ADM's $2.6 bln GrainCorp takeover, shares tumble

SYDNEY: Australia rejected a A$2.8 billion ($2.6 billion) takeover of GrainCorp by U.S. agribusiness giant Archer Daniels Midland (ADM) on Friday, bowing to pressure from grain growers in a rare and surprising decision.

Business 29 Nov 2013 | 12:00 AM

Qantas law change sparks takeover talks

SYDNEY: The Australian government has flagged allowing majority foreign ownership or increased government support for Qantas Airways Ltd, a move that could shake up the regional aviation sector and make the national carrier a takeover target.

Business 19 Nov 2013 | 12:00 AM

Qantas chief executive blasts 'predatory' rivals

SYDNEY: Qantas chief executive Alan Joyce has demanded the government halt what he described as a “virtual takeover” of Virgin Australia by foreign airlines, saying they were working to destabilise the national carrier.

Business 18 Nov 2013 | 12:47 PM

Qantas blasts 'predatory' rivals

SYDNEY: Qantas chief executive Alan Joyce has demanded the government halt what he described as a "virtual takeover" of Virgin Australia by foreign airlines, saying they were working to destabilise the national carrier.

Business 24 Oct 2013 | 12:00 AM

RBA wins A$8.8bil treasury grant

SYDNEY: Australia’s new conservative government said it will make a one-off A$8.8bil (US$8.5bil) grant to the Reserve Bank of Australia (RBA) to strengthen its finances, a day after it announced plans to lift the national debt ceiling by more than two thirds.