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The 10 most important things in the world right now Hello! Here's what's happening on Wednesday.

New home sales just fell heavily across Australia It adds to a long list of housing market indicators that are weakening at present.

Here's what economists are saying about Australia's GDP report Many believe that annual growth is unlikely to accelerate in the quarters ahead, largely reflecting ongoing weakness in household spending.

The owner of IGA supermarkets is booking a $352 million impairment charge as supermarket wars continue to bite The company is facing increasing competition from discount players such as Aldi.

Xero could be about to surge past MYOB in the cloud wars Competitor MYOB's market share will fall from more than 50% to about 30% over three years.

Canberra trying to ping Qantas $20,000 for a 737 diversion is part of a battle over airport costs that hurts the flying public Australian airport fees are estimated to add as much as 20% to the cost of an airfare.

Qantas boss Alan Joyce had the perfect riposte to the controversial Qatar Airways CEO Things got a little awks.

Myer's new CEO will serve customers two days a week to 'turn this great company around' It forms part of King's new approach to rescue the ailing business.

Kate Spade leaves behind her husband and business partner. Here's what we know about their relationship. She leaves behind her husband, Andy, and a 13-year-old daughter, Frances Beatrix Spade.

A Hong Kong couple bought a single parking space for $565,000 and flipped it for $993,000 in just 9 months Hands up who wants to move to Hong Kong?

A Melbourne cafe tried serving broccoli lattes Could this be the next healthy food trend?

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