Business

THE NEWS WRAP: Westfield officially launches its first ‘online shopping centre’

Emma Krieger /

Westfield has launched its first ‘online shopping centre’, opening up the portal to retailers from Australia and overseas.

 

The shopping centre giant’s new site, which had a soft launch earlier this year, will allow shoppers to browse online for products offered in its bricks-and-mortar centres. Westfield said that 130 online ‘tenants’ have paid a commission to be visible on its site, with 70% of these already present in its shopping centres.

 

Government ponders exporter help

 

The Federal Government is mulling over plans to offer special help to exporters hampered by the strong Australian dollar.

 

According to the Australian Financial Review, it’s expected that the Government will give trade-exposed industries the same enhanced assistance rates that were last put in place to counteract the impact of the global financial downturn.

 

Facebook faces new legal claim

 

Facebook CEO Mark Zuckerberg is facing yet another claim to the company he founded, with a New York businesses alleging that he is entitled to 50% of the social networking behemoth.

 

A lawsuit lodged by Paul Ceglia claims that Zuckerberg emailed him to ask for help to set up Facebook, requesting $1,000 to “get the site live”. Facebook’s legal representative called Ceglia a “scam artist.”

 

Overnight

 

The Dow Jones industrial average rose 7.41 points to 12,270.99. The Australian dollar was up to 104.98 US cents

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