BUSINESS

The Audi R8 has successfully carved its own niche some people has even considered it as the “sickest car” in the world. While some people in industry feel the R8 is just a way for the company to amortize the costs of the Lamborghini Gallardo – it is impossible to deny the Audi R8.

In the movie Big Trouble in Little China there's a classic line by the 'hero' of the show, Jack Burton. The group he's leading is in a panic as they're getting away from the bad guys. But Jack reassures them in a swaggering drawl... 'Everybody relax, I'm here.'

So, the monthly interest rate hype has come and gone for, well, another month. Boss Stevens, of course, left interest rates on hold yesterday, at 2.75%. If anything the absence of a cut saved us from the hysteria about how it will be good for consumption/housing/building/retail and whatever else presumably benefits from more credit creation and less saving.

The world has a new favorite OS and it is now slowing down. Recent reports suggest the increasing shares of Android in the mobile phone and computing industry. While there aren’t clear announcements from Google, the rumour mill has it that Android 4.3 update is coming soon. Android market shares not only jumped in the smartphone department but also in the tablet industry. More and more tablets are coming out with the Android OS and it is not difficult to understand why.

On June 3, 2013, LG Electronics Australia announced that the highly successful Optimus L Series is getting both a specification update and further enhance the smartphone's range with new style and appeal. Optimus L2 II, L3 II, L5 II, L7 II and L9 II will be made available to a wider range of local operators and retail partners.

The Australian market is slumping for the second time this week, with the All Ordinaries Index (XAO) down 1.00 per cent. Local shares are currently at their lowest levels since mid-January, pushed lower by a disappointing growth reading just before lunch. Comments by another Federal Reserve official overnight supporting a slowing in stimulus kept US investors on edge. Many market participants are remaining pensive ahead of the monthly non-farm payrolls out this Friday (US jobs report).

Samsung Galaxy Express finally arrives in Australia boasting 4.5-inches display, 1.2GHz dual-core processor, 5MP camera and Android 4.1.2 Jelly Bean to both Optus Online and retail stores.

The French court ordered Apple Inc to pay over 5 million euros or $6.5 million worth of copyright taxes for iPad sales in 2011. The court ruling was removed last 2012 but this time, the French government is considering creating a new law on involving cultural taxes related to devices.

Davao International Airport in the Philippines resumes normal operations after the Civil Aviation Authority of the Philippines (CAAP) cleared the runway and removed the damaged Cebu Pacific aircraft. The third busiest airport in the country has remained closed from Sunday night until Tuesday afternoon. CAAP allowed the airport to operate Tuesday evening.

Sydney is counting on a 20-year airport masterplan to handle the expected doubling of passengers to 74 million by 2023, making it unnecessary to build a second airport.

Chevrolet revealed the seventh-generation Corvette at the 2013 Detroit Auto Show showcasing the new engine, improved technologies and much better look. The C7 is the not only new car from Chevy. The company has also released its Malibu and Silverado series – perfect treats for the car enthusiast.

The Reserve Bank of Australia Board meets today to discuss possible cuts on interest rates amidst slow growth in the manufacturing industry and rise in inflation rate. Majority of economists think that the bank should put interest rates on hold.

In a repeat of the first Click Frenzy incident, the Web site of Australian retail giant Myer crashed on Tuesday evening due to the heavy volume of logins. The crash happened 30 minutes after the online launch of its mid-year sale.

By Greg PeelThe Dow closed down 76 points, or 0.5%, while the S&P lost 0.6% to 1631 and the Nasdaq fell 0.

Having fallen by more than 6% in recent weeks, the selling that has defined the period dried up on Tuesday and the ASX200 finished with a gain. The durability of the improvement remains the main question as we move towards the blue ribband event of the week, the US Non-Farm Payroll Report due on Friday.

Recep Tayyip Erdogan has spent the last decade sitting unchallenged as Turkey’s Prime Minister. He established himself as the vengeful but righteous father of the country. It seems like for every ruler in history, a measure of their success and power comes down to a rebellion.

After a negative start to the session's trade, the Australian share market is slightly firmer at lunchtime in the East.

Android has taken much of the market share today. Recent reports suggest it has taken over Apple’s shares making it the leading mobile system today. However, the range of Android phones on the market can make it challenging to choose the right handset. The number of competition did not stop several smartphone models to top of the list.

By Andrew NelsonUranium sellers were not inclined to sell in May and unfortunately for them, the buyers weren't really buying either.

It has been an annual practice for 24/7 Wall St. to identify brands in the United States in danger of disappearing. For this year, car and tech companies are not exempted. Wall Street’s latest list of brands on the brink of extinction shows the stiff and cruel competition amongst industries – falling behind financing, innovation and efficiency can cost even some of the most well loved brands.

- Businesses plan to lift prices- Earnings expectations on the rise- Further cuts to costs, staff and investments coming- Employment casting a pall over proceedingsBy Andrew NelsonAustralian business spending expectations have started to lift from the 24-year low posted last quarter.

Hundreds of airline passengers are stranded in Davao, Philippines since Sunday night because of a runway accident involving a Cebu Pacific plane. The Airbus A-320 of Cebu Pacific landed off the runway at the Davao International Airport.

By Greg PeelThe Dow rose 138 points, or 0.9%, while the S&P gained 0.6% to 1640 and the Nasdaq added 0.

By Greg PeelPerhaps the most surprising element of this month's RBA monetary policy statement is its brevity.

Sony finally announced the roll out of the Android 4.1 Jelly Bean update for their Xperia S, Xperia SL and Xperia Acro S. Owners can obtain the update via Over-the-Air process or via cable using a computer.

The weak performance from the manufacturing sector, falling job advertisements and slight inflation may just what the Reserve Bank of Australia (RBA) needs to cut interest rates even lower.

Sellers continued to make their presence felt in local trade on Monday ahead of a big week of economic news. The US will hold investor focus globally this week with several tier one data releases anticipated. The week will culminate with the main gauge of US employment, the Non-Farm Payroll report. Locally the menu is lighter by comparison although the RBA decision on Tuesday and the National Accounts data (GDP) on Wednesday will each have a significant bearing on investor sentiment.

Well if you didn't know that the mining boom had peaked, yesterday made it official. Capital spending fell 4.7% in the March quarter, according to the Australian Bureau of Statistics (ABS). The huge pipeline of resources investment has tapered off. If this is the case, one of the key supports of a strong Aussie dollar - big foreign capital flows for resource projects (especially LNG) - has been kicked out.

Steve Wozniak, the co-founder of tech giant Apple Inc alongside Steve Jobs and Ronald Wayne, has described recent criticism of the company's taxes practices as "extremely warranted" and have called for big corporations to be treated the same as the "little guy", during a business conference in Northern Ireland on Thursday.