BUSINESS

South Korean chemical engineer Jang-Ung Park is developing a contact lens with functions similar to Google Glass. The lens uses a transparent, highly conductive and stretchy mix of grapheme and silver nanowires which were tested on rabbits and found to have no bad effect after five hours of use.

Selena Gomez shifts from the stage to the streets to start in the new action movie “Getaway.” This time she will not be playing the damsel in distress rather a car thief. Gomez will start alongside Ethan Hawke and the Ford Shelby GT500.

Another week has passed where sellers have continued to define the market atmosphere. The ASX200 has lost the most part of 10% since the early part of May. The defining aspect of market volatility during this period has been the open debate moderated by the US Fed on the winding back of quantitative easing. Adding another dimension the selling in local terms has been the pace of profit downgrades from corporates in recent week. This last point talks to the recent flow of economic news which has ...

Gamers waited five years for the second installment of Codemasters’ GRID game. The GRID 2 is putting Codemasters back on track featuring lots of Aston Martin.

The list of drought-affected shires in Australia's Queensland continue to expand, this time with the inclusion of Mount Isa, taking the total number of drought-declared shires to 14.

Porsche's former chief financial officer has been convicted of credit fraud by a German court in a criminal case relating to a failed 2009 bid by the sports car maker to buy Volkswagen.

Australia's economic growth for the three months to 31 March came in at 0.6%, just below expectations of 0.7% growth. The annual rate of expansion slowed to 2.5%, the slowest growth rate since June 2011.

As high as food and gasoline and other basic commodities are across the U.S. these days, they would cost much, much more were the American dollar not the world's reserve currency. Economists have known that for decades.

The Australian sharemarket is sliding for the third straight day, with the ASX200 Index down by close to 1 per cent at lunch. This is adding to the back to back 1 per cent falls on Wednesday and Thursday. Investors are feeling somewhat jittery ahead of a non-farm payrolls report out later tonight, in addition to the closure of the Aussie market on Monday due to a public holiday.

Pay $6.2M for three, not one, Ferrari. The best car sale has hit the market. Imagine getting a Ferrari F40, F50 and an Enzo for the price of one? This is possibly one of the best car deals and gift packages around.

Just as the world gets to slowly accept same-sex marriages, a reversal of roles seem to be happening. If a same-sex couple gets rejected of a request, a thin dividing line ensues of differing personal and professional beliefs.

If you're the faint-hearted type, this is not for you. But for thrill-seeker adventurers, this video on YouTube of a Saudi daredevil man texting while above the hood of a speeding car could give them the much needed adrenaline rush.

By Rudi Filapek-Vandyck, Editor FNArenaAs far as technical indicators go, the Hindenburg Omen sounds very scary and not only because it carries the name of a famous air travel accident that instantaneously killed off the attraction of traveling by zeppelin between Europe and the American continent.

Sony recently launched its Sony VAIO Pro 11 and Pro 13 models in hopes of challenging Apple in high-end portable computing. The new line of ultrabook computers will go against Apple’s line of Macbook . Can Sony give Apple a run for its money?

Apple announced just last may that users have downloaded more than 50 billion apps from their App store. Since it was established, the App store has been an innovative avenue for convenience and technology. According to recent reports, users are downloading around approximately 2 billion apps every month.

So far our call that the ASX could see a winter wonderland has been put firmly on hold, as the market has be catapulted miles north of the wall, as horrible macro data muddies the water.

Google Australia might just be a worker's paradise. The tech giant's headquarters in Sydney is an employee's dream office with facilities and furnishings designed for a stress-free environment.

The Australian Dollar is higher this morning after some very large moves in key international currencies in the last 24 hours with volatility extreme.

In US economic news, initial jobless claims fell by 6,500 to 346,000 in the final week of May. Net financial wealth grew by $3 trillion to $70.3 trillion - the biggest quarterly increase in 14-years. Rising stock prices and home pushed net household wealth to a fresh record high. US ICSC chain store sales rose by 3.2pct in May compared with a year ago.

The Samsung Galaxy S4 Active is no longer a rumor as the tech company unveiled the rugged edition just recently. More importantly, consumers no longer have to guess when it is going to hit the market. Samsung will be releasing the extreme edition of their latest Samsung S4 lineup on the first of July in UK.

After being hit hard by the price war between Australian supermarket giants Coles and Woolworths, some relief is in sight for the country's dairy farmers when milk processor Murray Goulburn offered them the highest ever opening milk price of $5.60 per kilomgramme solid.

By Greg PeelThe Dow closed up 80 points, or 0.5%, while the S&P gained 0.9% to 1622 and the Nasdaq added 0.

The Australian dollar ended the day's trade in the red for the third session this week. Local stocks are now holding at levels not seen since January.

With about 1.6 million Americans having experienced violent phone thefts in 2012, law enforcement officials have taken two steps forward to combat the situation.

Not only do they get to live normal lives, but children of gay parents and same-sex couples are actually healthier, happier and thrive more than children of straight heterosexual couples, according to a study by the Australian Study of Child Health in Same-Sex Families.

Apple dropped recently an app in their store promising people to “free” them from their homosexuality. However, Google’s Play Store and several Android platforms are yet to make their move on removing the Gay Cure app.

Because it failed to comply with the kingdom's regulatory requirements and laws, Saudi Arabia has banned the use of the web-based communication application Viber in the country, at the same time threatening others face the same risk if they don't adhere to the country's rules.

The Australian share market remains under selling pressure on Thursday following weakness from offshore markets. The Aussie dollar has also been under pressure in early trade, briefly dipping below US95c for the first time since October 2011.

Medical authorities in Saudi Arabia are racing against the clock to implement measures to control the Middle East Respiratory Syndrome Coronavirus (MERS-CoV) into a feared, potential pandemic in light of the forthcoming annual Mecca Hajj pilgrimage season on October 13-18.