Category: Business
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Turnbull rejects calls to bail out Hazelwood
Prime Minister Malcolm Turnbull has emphatically turned down a call from Tony Abbott to stay the closure of Hazelwood power station in order to prevent the worsening of the impending energy crisis. Former Prime Minister Abbott has publicly urged current Prime Minister Turnbull to rethink the planned closure of the Gippsland-based power station in Victoria, warning that…
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Collins Foods buys more KFC restaurants in the Netherlands
Collins Foods is continuing its expansion of its KFC empire by purchasing 16 KFC restaurants in the Netherlands. The Australian company, which is the largest KFC franchisee in Australia, bought the restaurants from Yum! Brands for AUD$87.8 million. According to a report from Collins Foods on the acquisition, the deal also includes the rollout of…
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Google advertising dissent expands to US
Major US brands have followed the UK’s lead in removing advertising from Google after having their logos placed alongside extremist content, with Australia closely monitoring the situation. The British government, the Royal Bank of Scotland (RBS) and retail giant Marks & Spencer have pulled their adverts from the media platform after their brands were placed alongside…
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NAB interest rate rise is causing outrage
The National Australia Bank (NAB) is receiving heavy criticism for its decision to raise its interest rates yesterday, just hours after the US Federal Reserve raised its interest rates. The NAB raised its residential investment home loan variable rate by 25 basis points from 5.55% to 5.8% per annum. They also raised their standard variable rate for owner-occupiers…
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Malcolm Turnbull calls for unified effort on energy crisis
Prime Minister Malcolm Turnbull has called for a unified approach to the energy shortages threatening Australia, dismissing Victorian Premier Jeff Kennett’s proposal for unilateral federal control over the issue. Mr Turnbull told the Seven Network that while Mr Kennett may see the value in the Federal Government taking the lead on energy shortages, it was…
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Australian dollar surges above US 77c
The Australian dollar has reached its highest point in two years in the wake of a weakened US dollar and an increase in commodity prices. The Australian dollar is now worth over US 77 cents, reaching a high point of 77.07 US cents, which is an increase of 2%. The surge comes in the wake of…
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Government prepares $2bn Snowy Hydro expansion
The Federal Government will today unveil a plan for a $2 billion expansion of the Snowy Hydro electric scheme in order to stave off the impending energy crisis on Australia’s east coast. This expansion is set to increase the output of the hydroelectric power scheme by up to 50%. The move which is being heralded…
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Amazon’s Kindle terms take nine hours to read
Amazon has everything. That’s their entire appeal. If you want books, batteries or baking trays, Amazon is where you go. It’s easy enough to make an account and just easily click ‘yes’ to the terms and conditions. But do you know what you’re agreeing to? Australian consumer advocacy group Choice think not. That’s why they’ve…
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Donald Trump has his 2005 taxes revealed
After years of questions and contention, Donald Trump has finally released his tax returns. The White House revealed two pages of President Trump’s 2005 taxes after learning that the MSNBC had obtained the documents. Minutes before MSNBC journalist Rachel Maddow was set to air the release, the White House released the documents. BREAKING: We've got Trump…
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A rundown of the South Australia energy crisis
South Australia and their energy crises issues seem never ending. If it’s not the gas crisis, it’s the energy gridlock. Luckily, an exchange between two multi-millionaires has brought the spotlight on what South Australia can do in relation to their energy crisis. Elon Musk, the renowned founder of Tesla Motors, has released a new battery in…