Talking Business with Leon Gettler

Elon Musk’s decision to turn Twitter into X wiped out anywhere between $4 billion and $20 billion in value, according to analysts and brand agencies

Kathryn Campbell quits top defence job after robodebt royal commission report. Let’s see where she turns up next.

Australian home loan delinquency rates are on the rise with 1.41% of all home loans in arrears

Employers have expressed deep dissatisfaction over Tony Burke’s industrial relations reform plan, saying it'll force casual workers to become permanent ones. But is there any truth to this claim?

Atlassian’s⁩ Mike Cannon-Brookes and wife Annie to separate. The second mega billionaire couple in Australia to bust this month.

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New RBA governor Michele Bullock has warned unemployment has to reach 4.5% in the next 18 months to tame persistently high inflation.

Philip Lowe has used his final foray on the world stage to blast governments and political leaders for their indolence on structural reforms to boost productivity growth, imperilling ­material living standards, worsening income inequality and hollowing out social services.

APRA has brought in CPS 230. Now the regulator talks about the inevitability of cyber breaches

Deloitte Australia's Adam Powick makes a shock admission about his $3.5 million pay packet, more than Australia’s PM.

Andrew Forrest cleared of wrongdoing after Fortescue Metals reviewed anonymous claims of inappropriate behaviour

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Meta's Twitter rival Threads overtakes ChatGPT as fastest-growing platform

China on brink of consumer deflation

Kathryn Campbell goes on leave - – a day before the robo-debt royal commission makes its damning findings against her.

Prominent class action lawyer Peter Gordon is seeking compensation for victims of robo-debt, the illegal welfare debt recovery program that he described as “Australia’s Watergate”.

Former public service chief Stephen Sedgwick leads task force investigating whether current and former federal bureaucrats referred to by the rob-debt royal commission should be sanctioned/

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The RBA holds cash rate at 4.1% but keeps the door open for a rate hike in August, citing ongoing concerns around the trajectory of inflation

PwC finishes up internal investigations into, booting out people. It still faces the Switkowski review, on-going Senate inquiries, the AFP criminal investigation and the potential National Anti-Corruption Commission probe.

In a world first, Australia legalizes psychedelics to treat mental health

Gladys Berejiklian's future in doubt at Optus as Singtel says it has 'zero tolerance' for corruption

Struggling business owners face a “horror show” over the coming months as the taxman circles and operating costs spiral in the wake of a 17% spike in company insolvencies over the past financial year.

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Legendary American investor Jim Rogers issues a global warning: the next bear market will be the biggest in his lifetime.

After being caught using leaked tax plans, PwC is flogging its lucrative government consulting business - rebranding it “Bell” - to a private equity firm for $1

Barrenjoey warns of $267 billion ‘zombie mortgage’ risk

Social media giants to face multimillion-dollar fines for spreading fake news

Latitude hit with $1 million lawsuit over data breach

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PwC tax leaks: Parliament demands names of 63 partners and staff caught up in saga

Australian Treasury slammed in ANAO audit for failing to fix country’s the country’s $75 billion black economy

Westpac and ANZ economists believe a per-capita recession – two quarters of negative growth in gross domestic product per person – is likely in the next year

Communications minister Michelle Rowland is seeking a briefing from ABC management about jobs cuts

Greens’ social housing veto raises spectre of double dissolution

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 Australia’s leading super funds halt future contracts with PwC amid tax scandal fallout

Consumer sentiment at "recessionary levels" - Westpac:

Aged Care Minister Anika Wells says the government has a “genuine duty to deliberate” a levy on taxpayers to help fund a better-aged care system.

Westpac will sack about 300 of its staff in its business and retail banks as part of an ongoing push to reduce its office headcount by 20%.

Qantas has moved to relax its uniform rules, meaning male cabin crew can wear make-up, and women can ditch high heels

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The treasurer, Jim Chalmers, has signed the cheque’s death warrant to end its use in Australia by 2030.

Australia's misery index has skyrocketed & is almost on par with the GFC period.

PwC has identified a list of 76 current or former partners associated with its tax leaks scandal, handing over their names to Australian lawmakers

Australian Competition and Consumer Commission Qantas-Virgin Australia duopoly is hurting customers.

The Australian government looking for “a way forward” to compensate families of victims of alleged war crimes in Afghanistan.

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Nvidia chief Jensen Huang says AI is creating a ‘new computing era’

 The strength of the Qantas brand has been dented by high airfares, negative publicity and performance issues, according to new analysis of the world’s top airlines. 

Australians have enthusiastically embraced champagne since the end of lockdowns and Covid-19 restrictions, propelling the nation to become the sixth-largest champagne market in the world.

Many among the 900-strong partnership at PwC Australia fear the firm is descending into a civil war that could take years to recover from.

The ACTU wants the Albanese government’s upcoming same job, same pay laws to target major companies such as CIMIC, Qube, BHP and Qantas for using labour hire-like structures to push down pay.

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Economists say US can weather ongoing crises, but recession remains on the table

Facebook’s parent Meta has been ordered to pay a record $1.3 billion (€1.2 billion) fine by the European Union, for failing to adhere to the bloc’s stringent privacy rules

UBS says food price inflation is continuing to climb as its Australian supermarket price tracker survey suggests food inflation was 9.3 per cent higher in the year to April.

The Australian government has decided Buy Now Pay Later is credit, placing it under stricter regulations

Growth in the National Disability Insurance Scheme has already exceeded full-year participant forecasts released just months ago, as about 200 people join every day. 

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