BUSINESS

China ranks as Australia's No.1 wine importer

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China is Australia's biggest wine market today as it overthrows the United States. According to Wine Australia, the demand increases more than 50 percent to $474 million for the past 12 months. The US market ranks second with $448 million, while UK ranks third with $361 million.
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Stem Cell Treatment

Stem cell clinics in Australia exploiting regulatory loophole to offer untested treatments

Untested stem cell treatments are rapidly increasing in Australia because of a regulatory loophole that allows businesses offer potentially harmful or ineffective treatments. As per a new study, Australia has one of the world’s highest concentrations of stem cell businesses that advertise cosmetic and medical treatments online. There is even lack of evidence about the safety and effectiveness of some of the procedures.
Alzheimer's Disease

Alzheimer’s disease risk rises with decrease in weight in late life

Scientists at Brigham and Women's Hospital (BWH) and Massachusetts General Hospital (MGH) have found a link between lower weight and Alzheimer’s disease risk. They have associated lower body mass index (BMI) with greater deposits of Alzheimer's-associated amyloid plaques in the brains of older individuals.
An attendee shows off his belt buckle outside Apple Inc.'s 2016 Worldwide Developers Conference in San Francisco, California, U.S., June 13, 2016.

Apple joins Australia’s fight for marriage equality

Apple is joining Australia’s fight for marriage equality. The tech giant pledged its support to gay marriage in the country, adding its rainbow-filled logo to the Australian Marriage Equality website Tuesday.
Kidney Failure Red Meat

Less red meat consumption helps kidneys, says Singapore researchers

Singapore researchers have found that kidney failure risks can be minimised by replacing red meat in one’s diet with other kinds of foods such as fish and poultry. As per the study findings, one serving of red meat, substituted with other sources of protein, resulted in a 62 percent reduction in risk of developing end-stage renal disease (ESRD).
E-cigarettes

E-cigarette use reduces exposure to harmful chemicals similar to smoking cessation

New clinical study has shown that e-cigarettes may lead to significant reductions in exposure to harmful chemicals found in tobacco-cigarettes. This in turn helps in cutting the risks of tobacco-related illnesses that are thought to be caused by smoking real cigarettes. Smokers, who shift to smoking only e-cigarette, may find the effects quite similar to complete smoking cessation.
A customer uses an OPTUS internet facility at Sydney International Airport, Australia, November 8, 2015.

Optus to refund customers $2.4M for mobile insurance breach

Optus will be refunding around 175,000 mobile customers about $2.4 million for its failure to disclose the features and limitations of its insurance. The Australian Securities and Investments Commission (ASIC) has said the second largest telco in the country will also write to around 500,000 customers who may be affected.

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