Live: ASX to rise, as Facebook's owner backs away from Metaverse
By Emilia Terzon
It has been a relatively calm day on Wall Street overnight, with Australian stocks set to follow. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.
https://www.abc.net.au/news/2025-12-05/asx-markets-business-live-news-dec-5-2025/106104580
#StockMarket #Banking #Currency #FinancialMarkets #MonetaryPolicy #RetailIndustry #Tax #BusinessEconomicsandFinance #EconomicTrendsandIndicators #CompanyNews #Cryptocurrency #EmiliaTerzon

Live updates: ASX to rise, ChatGPT's owner OpenAI launching in Australia
The company that brought AI into household vernacular is launching in Australia today. It comes as other companies like Meta are struggling to make traction in this space. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.
ABC News
Dryrobe wins trademark case against rival waterproof changing coat D-Robe
Favourite with cold water swimmers wins court case in London forcing brand to stop selling infringing items
The GuardianVersace excelled at maximalism. Now Prada wants to take it further
By Jessica Riga
With Prada buying Versace, one of fashion's biggest rivalries is over — and it will be hoping to bring the fellow Italian fashion house back into style.
https://www.abc.net.au/news/2025-12-04/prada-purchase-of-versace-to-have-big-impact-on-fashion/106097096
#Fashion #Businesses #RetailIndustry #BusinessEconomicsandFinance #JessicaRiga

Prada buys Versace, taking control of maximalist label that was once its rival
With Prada buying Versace, one of fashion's biggest rivalries is over — and it will be hoping to bring the fellow Italian fashion house back into style.
ABC News
How the dollar-store industry overcharges cash-strapped customers while promising low prices
A Guardian investigation reveals Dollar General and Family Dollar stores often fail to honor their shelf prices – charging more at checkout for everything from frying pans to Frosted Flakes
The Guardian
How the dollar-store industry overcharges cash-strapped customers while promising low prices
A Guardian investigation reveals Dollar General and Family Dollar stores often fail to honor their shelf prices – charging more at checkout for everything from frying pans to Frosted Flakes
The Guardian
Nike, Superdry and Lacoste ads banned in UK over ‘misleading’ green claims
Advertising watchdog says all three firms misled shoppers by using term ‘sustainable’ in paid-for Google adverts
The Guardian
Costco sues Trump administration over sweeping use of emergency tariff powers
The wholesale giant claims the White House misused emergency authority and warns importers could lose refunds even if duties are ruled unlawful
The Guardian
Costco sues Trump administration over sweeping use of emergency tariff powers
The wholesale giant claims the White House misused emergency authority and warns importers could lose refunds even if duties are ruled unlawful
The Guardian