Category: Business
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Loan options diversify for small businesses
Getting a loan for a small business has been difficult in recent years since the GFC. However, the options for business loans, especially for small businesses, have diversified. With increased loan options, an awareness of strategies to use with banks, and access to investors, your chance of getting a loan to start, grow, or even…
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Cigarette company Philip Morris to pay millions
Cigarette company Philip Morris has been ordered to pay millions of dollars in legal fees to the Federal Government. The decision follows the six-year long legal battle over the plain packaging laws implemented by the Gillard government in 2o11. Phillip Morris, the manufacturer of Marlboro and Longbeach cigarettes, argued that the laws should be invalidated…
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Domino’s to cut costs with smaller pizzas and Pepsi
A report commissioned by Deutsche Bank has revealed that Australian company Domino’s Pizza Enterprises are introducing smaller pizzas in an attempt to cut costs. During a briefing on Thursday, analyst Michael Simotas said: “Domino’s is planning to reduce the size of its pizzas to provide additional cost relief.” The strategy would be trialled ahead of the…
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Amazon set to hit Australian shores at the end of 2018
Amazon is due to hit Australia, but not anytime soon. The Seattle-based online retailer is expected to launch in Australia by the end of 2018. Although it will take some time to arrive, the one-stop online shop for consumers has grander ambitions in Australia than previously expected. Brittain Ladd, Amazon’s former global logistics manager, has revealed that…
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Unemployment rate drops to 5.5% as jobs rise
The national rate of unemployment fell 0.2% to a final figure of 5.5% for the month of May, exceeding market expectations of the rate remaining steady through the month. The rate of job creation for the month of May also exceeded expectations, with the 42,200-strong rise in full-time jobs far outstripping the predicted 10,000 rise.…
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Telstra confirms 1, 400 job cuts to save costs
Telstra has officially confirmed that around 1, 400 jobs are to be cut across Australia over the next six months as part of a large-scale cost-saving effort by the telecoms giant. Telstra CEO Andy Penn has blamed “the increased competitive dynamics of the market and the acceleration of the rollout of the NBN (National Broadband Network)”…
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Coke Zero to be phased out and replaced with Coke No Sugar
On June 16, Coca-Cola Amatil will launch their new zero-sugar product in Australia and New Zealand. The new beverage, Coke No Sugar, is being trialled in these two countries as well as Mexico ahead of its US release. With the rise of healthy eating, the soft drink giant has released several low-calorie alternatives to its…
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Ex-intelligence chief warns about China in Australian politics
The former chief of US national intelligence, James Clapper, has given a stark warning to Australia about Chinese influence in domestic politics, likening it to the alleged Russian interference in the US. Giving a speech in Canberra, Mr Clapper was clear in his assertions that Australia needed to be “very wary” of outside influence from…
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Cyclone Debbie disruption causes trade surplus fall
The Australian trade surplus for April has fallen to just $555 million following a steep drop in coal export levels as a result of disruption caused by Cyclone Debbie. From a $3.1 billion surplus being recorded for the month of March 2017, April was expected to see a decline in surplus to around $2 billion,…
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Labor offers partnership with government on climate change
Labor has extended an offer of a co-operative partnership with the Federal Government in order to respond to a major review of energy security and climate change policy. Chief Scientist Alan Finkel’s review of energy and climate change policy in Australia will be formally presented on Friday, with the report set to encourage a low-emissions target…