Advertising threat over ‘fake news’
UNILEVER has fired a warning shot at tech firms that fail to counter fake news, threatening to pull lucrative advertising.
World Markets
OxyContin stops doctor marketing
OXYCONTIN maker Purdue Pharma LP says it has cut its sales force in half and will stop promoting opioids to doctors.
Rich listers lose $120b in crash
THE world’s richest people including Amazon boss Jeff Bezos collectively lost nearly $120 billion in the latest stock market crash.
Wall Street stocks end with losses
WALL Street stocks finished lower Wednesday as a morning rally faded amid nagging questions following two days of chaotic trading and wild price swings.
Wall Street’s stunning recovery
US stocks rallied Tuesday as a late surge helped them regain almost half their losses from the day before, when they had their biggest plunge in six-and-a-half years.
Borrowers are lying to someone
HOME loan borrowers could be hiding how much they earn but analysts aren’t sure whether they are lying to their banks, the ATO, the census or the ABS.
Aussie share market ‘bloodbath’
THE ASX has gone into freefall following Wall Street’s historic bloodbath, with experts warning of more pain to come.
Global share markets plummet
AUSTRALIAN shares are set to fall sharply after markets around the globe tumbled, with the worst falls on Wall Street.
Wesfarmers to ‘review’ Homebase
NEARLY 2000 Homebase staff in the UK could be axed after the DIY chain’s Australian owner, Wesfarmers, launched a review of the business.
‘Robot cafe’ launched in Japan
JAPAN has a brand new cafe where customers can enjoy coffee brewed and served by a robot barista.
Guess boss accused of sexual harassment
GUESS shares are plummeting after actress Kate Upton accused company co-founder Paul Marciano of sexual misconduct.
Sex clinic founder bankrupt
A DIRECTOR of a company that took advantage of men suffering sexual dysfunction has been declared bankrupt.
Coincheck hack sparks review
JAPANESE financial authorities will investigate all cryptocurrency exchanges in the country after hackers stole $US530 million from Coincheck.
Millennials aren’t going outdoors
ANALYSTS say sales of outdoor equipment are slipping as millennials drive changes in consumer habits, buying goods that are less specialised.
Radio Rentals to refund customers
RADIO Rentals has agreed to pay $6.1 million in remediation for customers and expects to be hit with a $2 million civil penalty.
Crypto crash fears boost gold investment
PANICKED Bitcoin investors are turning away from the unstable cryptocurrency amid fears a complete collapse is on the cards.
Uber driver charged with raping women
A MEXICAN Uber driver who was in the US illegally has been charged with raping, assaulting and robbing four young women.
Dotcom seeking ‘billions’ from NZ
KIM Dotcom has married Elizabeth Donnelly, and celebrated by serving “a multibillion-dollar damages claim” against New Zealand.
‘Text bomb’ can crash iPhone
A SO-CALLED text bomb bug that can crash an iPhone with a single message has been discovered by a security researcher.
Insurers to refund $63m in ‘junk’
SUNCORP and Allianz will be forced to repay almost $63 million to customers who were sold “junk” insurance when buying cars.
House prices continue to fall
HOME prices across Australia’s five major capital cities have fallen slightly over the past week, but are up close to 4 per cent year-on-year.
Diamonds lose shine in Australia
MICHAEL Hill says a flat performance in Australia and a sharp fall in the US have offset solid sales growth elsewhere.
Ikea wants pregnant women’s wee
SWEDISH furniture giant Ikea is calling on customers who might be pregnant to wee on their new catalogue.
House prices continue to drift
NATIONAL home prices remained flat last week, but the continued drift in Sydney means they dropped on a monthly basis.
Billabong surfs on buyout offer
BILLABONG is recommending shareholders accept a formal buyout proposal by the owner of Quiksilver, Roxy and DC Shoes.
Cost of living hits in December
ACTIVITY in the services sector edged only marginally higher last month, with households wrapping up the year on a cautious note.
Yowie sales plummet, shares tank
YOWIE shares have slumped to a near-five-year low after the confectionary maker dramatically slashed its full-year sales guidance.
Petrol prices under the pump
STIFF resistance from the Aussie dollar is keeping a cap on rising petrol prices as New Year travellers hit the roads.
Gloria Jean’s owner in free fall
SHARES in Retail Food Group have plunged to an eight-year low after warning its half-year profit is set to fall by more than a third.
RFG shares hit five-year low
RETAIL Food Group shares have plunged amid reports it has left Gloria Jean’s, Brumby’s and Donut King franchisees struggling.
Original URL: https://www.news.com.au/finance/markets/world-markets/page/30