Category: Business
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Qantas among airlines fighting airport fees
Australasian airlines, including Qantas and Air New Zealand, have made moves to fight excessive airport fees for consumers by setting up a new advocacy group for the aviation industry. The move comes after a report from the Australian Competition and Consumer Commission (ACCC), which claimed Australian airlines and airline passengers had paid up to $1.6bn…
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Victorian government announces stamp duty cuts
Stamp duty cuts are the plan that the Victorian government is putting into place to make buying a home easier for first time buyers. When first time buyers are going to buy a house, they will not have to pay stamp duty if the price costs less than $600,000. However, Treasurer Scott Morrison says that…
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New ‘Frugal Movement’ taking over Australia
The ‘Frugal Movement‘ is a movement that is gaining traction all around the world. It involves users being more conscious about where they’re spending their money and breaking the cycle of consumer culture. Many people who are a part of this movement save thousands each year, so it’s confusing to see why we’re all not…
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Australian trade surplus falls by two-thirds
Australia’s trade surplus has fallen to $1.3bn for January 2017, a drop of almost two-thirds from December 2016’s significant $3.3bn surplus. This surprising decline defied the expectations of many market experts, who had predicted further growth in the surplus following the record-breaking surplus recorded for December 2016. However, economists have been quick to address the situation, stating…
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Yahoo CEO reprimanded in fallout from data breach
Yahoo CEO Marissa Mayer has agreed to forgo her annual bonus due to the multiple data breaches the technology company suffered during her tenure. Marissa Mayer, who became CEO of Yahoo in 2012, released a statement on Tumblr that announced that she was giving up her annual bonus and equity grant because of the data breaches. “I…
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Dairy farmers call for greater regulation of word “milk”
Dairy farmers are calling for greater regulation surrounding use of the word “milk”. Specifically, the farmers are unhappy that plant-based products are able to use the term “milk” for their dairy alternative products. Dairy Connect is a NSW lobby group for farmers that is leading the call for increased regulation of the dairy terminology. The group…
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Why your business should embrace slow growth
When you’re starting a business, you want to see results quickly. You want to know that you’re doing the right thing and you want to see tangible chartable proof. However, research has shown that this fixation with fast growth may hinder more than it helps in the long term. Research conducted by Yale University has…
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The 10 best graduate employers in 2017
In some industries, finding a job as a graduate is very difficult and is actively made more so by companies using exploitative tactics, such as internships and underpayment. However, there are also companies actively trying to ensure a happy transition for their graduate employees. In a survey by the Australian Association of Graduate Employers, 75…
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5 interesting business books to read
It’s the beginning of the year and, although you may already be feeling those back to work blues, it’s the perfect time to maximise your business acumen. Having said that, it can be hard to know where to start. There are a lot of great business books that can be either inspirational or serve as…
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Pumpkin Patch stores to close
Receivers couldn’t entice a buyer for Pumpkin Patch so all stores across Australia and New Zealand will be closed by mid-February. On January 31, 68 stores will shut down leaving 560 employees without a job. The remainder of stores will also close throughout February. Receiver Neale Jackson, of KordaMentha, said, “We have successfully traded stores through the traditional holiday…