Category: News
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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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Sydney’s housing is second most expensive globally
Sydney has been ranked the second most expensive housing market in the world, according to a study by research company Demographia. The study ranked Hong Kong as the most unaffordable city in the world, followed closely by Australia’s biggest city. Demographia’s 2017 International Housing Affordability Survey comes at a time of great concern for the future of Australian…
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Atlassian works towards gender equality in tech
Australian founded workplace solutions company Atlassian is making strides towards gender equality in technology with their graduate intake. This year’s graduate intake for US$6 billion company is comprised of nearly 60% women. This represents a massive increase on last year’s 17% women graduate figure. Female representation in technology industry is an ongoing challenge that needs to…
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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…
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Vegemite is Australian again with $460 million deal
Bega will buy most of US-based Mondelez International’s Australia and New Zealand grocery business, which includes Vegemite, ZoOSh salad dressings and Bonox. The iconic spread, which symbolises nationalism to many Australians, is an important acquisition for the dairy company. “The wonderful heritage and values that Vegemite represents and its importance to Australian culture makes its combination…
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Deutsche Bank pays $9.5 billion for contributing to GFC
Deutsche Bank this week reached a final settlement with the US Justice Department over their handling of mortgage-backed securities prior to 2008. The bank agreed to pay $9.5 billion (or US$7.2 billion) and admitted to misleading investors. Deutsche Bank admitted to misleading customers about the loans underlying the securities, including falsely claiming that loans had been…
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Australian MPs, police, and judges targeted in email hack
The private email accounts of thousands of Australian government officials, Australian Federal Police, judges and members of Parliament have been exposed in a massive data breach at Yahoo. The hack, which is thought to be the biggest in the world, impacted one billion accounts. The ABC reports that the private data of 3, 400 high profile…
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Prices rise in Australian supermarkets
Prices are rising in Australian supermarkets, particularly for fresh fruits and vegetables, research shows. There has been a strong rise in supermarket produce prices for the first time in 18 months, according to Deutsche Bank. The supermarket sector has been under pressure from German budget supermarket Aldi, which has been driving prices downward. However, prices…
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Greenpeace says Netflix isn’t environmentally friendly
Greenpeace recently released a report detailing the carbon footprints left by video streaming services such as Hulu and Amazon Prime. Unfortunately, our favourite video streaming services are not having a great impact on the earth. All the Netflix binges we indulge in are streamed to our phones, laptops and TVs through servers that utilise a…
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WATCH: “Becoming Warren Buffett” trailer
Warren Buffett is a household name as one of the world’s most successful and respected billionaires, yet he has got another achievement to add to his already very lengthy list. ON 30 January, HBO will air a documentary on the legendary investor. The documentary, “Becoming Warren Buffett”, will tell the story of Buffett’s life mostly…