Tag: australia
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Goldman Sachs upgrades Australian economy
Goldman Sachs has released an upgraded forecast for Australia’s economy that reflects much higher predicted economic growth and a higher Australian dollar. The Australian economics team at Goldman Sachs, which consists of Tim Toohey, Andrew Boak and Bill Zu, also expect that the RBA will lift interest rates as soon as late 2017. The team believe that…
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NBN gets $19.5 billion from government
The National Broadband Network (NBN) has received a $19.5 billion loan from the Turnbull government to allow it to complete the rollout. The NBN was unable to raise enough funds on the open market to complete the infrastructure project. Finance Minister Mathias Cormann and Communications Minister Mitch Fifield released a statement acknowledging the loan and expanding…
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Dreamworld’s Thunder River Rapids will be closed permanently
Dreamworld has this morning announced that their Thunder River Rapids ride will be permanently closed following the four tragic deaths it caused last month. On 25 October, Canberra siblings, Kate Goodchild and Luke Dorsett, as well as Roozi Araghia, Mr Dorsett’s partner and Cindy Low, a Sydney woman, passed away on the ride when their raft flipped…
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This new app will help identify rips and other beach hazards
Summer’s coming and a new app called Pocket Patrol is pretty much going to help us not die. Sunshine Coast surf lifesavers are currently testing the app that aims to keep swimmers safer at the beach. It allows users to scan the surf and spot hazards that the naked eye might miss. It was created by Samsung…
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CommBank chief first to face Parliament over banking scandals
Executives of Australia’s big four banks will each be questioned individually for three hours in Parliament by a cross-party group of 10 MPs from the House of Representative Standing Committee of Economics this week, ahead of a year filled with scandals and controversies within the banking industry. Facing the Parliament today will be Commonwealth Bank chief Ian…
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New drone rules fail to impress pilots
Flying drones just became a little more complicated as new rules concerning their use were released to the public today. Those who use the drones purely as a hobby are now required to not fly within 30m of another person, ruling out any metropolitan area while certified drone users are prohibited from flying within 15m of people.…
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Walt Disney is buying Twitter?
Walt Disney is working with their financial advisor to work out a possible bid for Twitter. The company is comprehending to accept the bid with their own financial team. Another three competitors, Salesforce.com, Google and Microsoft are all planning bids on Twitter. There is a possibility that Disney will come out first as Jack Dorsey, CEO…
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Six Australian universities ranked among best 100 in world
According to the The Times Higher Education university rankings that were released today, six Australian universities have been ranked among the best 100 in the world. The University of Melbourne was once again the country’s highest ranking university, with it jumping eight places since 2015 to equal 33rd. Next was the Australian National University ranked at 47th, the University of Queensland and…
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Psychopaths are as common in the business elite as they are in prison
The Wolf of Wall Street persona that is often portrayed in Hollywood has begun to seep into reality it seems, with research showing that 1 in 5 corporate workers may indeed be psychopaths. With the employees exhibiting traits such as self-obsession, ruthlessness and a lack of empathy towards their fellow employees. Australian Forensic Psychologist Nathan Brooks…
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Masters getting more backlash on end days
With customers hoping to get a good bargain at the closing down sale for Masters, they are actually getting rude customer service and seeing staff left to fend for themselves in the heavy rain. The retailer is looking to sell more than $700 million worth of stock in time for their doors to close on…