Talking Business with Leon Gettler

Atlassian cuts 5% of its workforce as tech industry pain intensifies

A slowing Australian economy has stalled women’s financial progress for the first time in a decade as higher interest rates weighed on female employment.

Australian Industry and retail super funds recorded negative annual returns of -5.5% in 2022 compared to 12.9% the year before, as they felt the bite of the broader economic downturn

Rio Tinto will pay a $15 million civil penalty to settle an investigation by the U.S. Securities and Exchange Commission, relating to an alleged bribery scheme

One in three Australians have started a small business or ‘side hustle’ since the start of the COVID-19 pandemic or plan to start one in the next 12 months,

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 Twitter has laid off at least 200 more workers. The platform now employs less than 2,000, down from 7,500 when Elon Musk took over.

A major supplier to Australia’s biggest supermarkets has been plunged into receivership, putting 1500 jobs at risk and threatening the delivery of food supplies.

Bunnings will launch a new and expanded pets offer next month that will see the biggest single category expansion by the hardware retailer in two decades as it makes a play for the fast-growing pet care and products sector that is worth as much as $10bn.

Qantas has created a 3 way race to replace Alan Joyce when he retires this year.

Australia to establish new coordinator to fight cybercriminals.

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NAB predicts Australia will be flirting with recession in 2023. 

Australian treasurer Jim Chalmers opens door to changing superannuation tax concessions

Homes and businesses in every state on Australia’s eastern seaboard are at risk of electricity shortages from 2027

A report shows Australian universities are underpaying their casual staff. More than $83 million was underpaid in the last three years alone

REA - the cash cow of Australia's digital real estate landscape - has asked staff to go into 'negative leave' to get costs under control

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625 of Twitter's top 1,000 advertisers (including Coca-Cola, Unilever, Jeep, Wells Fargo and Merck) had stopped ads on the platform by late January, according to Pathmatics.

Business leaders believe Treasurer Jim Chalmers will appoint a senior female Canberra mandarin, with a strong Treasury pedigree as the next head of the RBA.

Commonwealth Bank has broken ranks with its main rivals to pause regional branch closures while a parliamentary committee examines the reasons for closures and the community impact, after scores of branches disappeared in the past six months.  

Snowy Hydro hit with delays and tunnelling drama, raising questions over the smoothness of the transition in the National Electricity Market with accelerating closure dates being announced for coal power plants.

‘Musk is running rings around you’: NBN grilled over Elon Musk’s Starlink

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Google announces Bard A.I. in response to ChatGPT

Nine hikes and more to come: RBA lifts rates by .25pc, Inflation won’t be anywhere close to the RBA’s target until 2025!

Some 80% of Australia’s large organisations upped their cyber security spend in 2022

NAB Consumer Sentiment Survey shows 4 in 10 Australian consumers have cut back or stopped buying coffees or lunches, car trips to save petrol and entertainment. Consumers

Commonwealth Bank limits access to cheques for business customers.

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Highly radioactive' tiny capsule lost in Australian desert. Mining giant Rio Tinto says 'sorry'.

Adani Group shares tumble another 20% and now down over $50 billion following a report exposing them for fraud by Hindenburg Research.

We’re not ready for it’: chief scientist warns on ChatGPT. Cathy Foley expects her office will be asked to respond quickly to the potential policy issues raised by the new wave of sophisticated generative AI chatbots

Insurance Australia Group warned it could face a maximum losses of $236m flowing from the Auckland floods

Labor's new national cultural policy - "Revive" - will be used as a $286 million blueprint for the arts for the next five years. It will set up of a new arts investment & advisory body - "Creative Australia" - with $200 million over the next 4 years.

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The gift that no one wants but everyone is getting this year? Inflation. Higher prices are hitting shoppers hard as 2022 comes to a close

 Tristar Medical Group 'systematically rorted Medicare over a number of years while authorities failed to act on a series of tip-offs and red flags.

An Australian company will train Ukrainian war veterans in cybersecurity to ward off hackers amid the country’s continuing efforts to defeat Russia. 

ANZ admits branches and jobs face the chop post Suncorp deal

Productivity Commission report focuses on ways to address fake 'Indigenous-style' art and protect Aboriginal and Torres Strait Islander artists from exploitation.

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Australian company gross operating profits tumble 12.4% In Q3, the biggest fall since at least 1994

Medicare is ill-equipped for 21st century doctor and patient needs, a new Grattan Institute report has found. And it recommends a drastic overhaul of Australia’s universal healthcare system to fix the frontline of general medicine.

Lawyers for Brittany Higgins are pursuing a $3 million civil claim against senators Michaelia Cash and Linda Reynolds.

Perth-based engineering group Clough has collapsed into administration after Italian contractor Webuild pulled the pin on its $350 million proposed acquisition to rescue the business.

Swyftx has fired 90 employees, or 35% of the company’s workforce. This is the second round of redundancies for the crypto has fired 90 employees, or 35% of the company’s workforce. 

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 Global stocks slide as protests in Chinese cities against the country's strict zero-COVID curbs raise worries about growth expectations in the world's second-largest economy

In less than a month, Elon Musk has driven away Twitter’s top advertisers.

Liquidators can see how an ASX-listed fund named after a dead pirate got its name.

Philip Lowe's, "I’m sorry if people listened to what we said", apology is little comfort to those struggling to pay their mortgage.

The financial services watchdog says Medibank Private should dock executive pay over serious security lapses

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 COP 27 deal in Egypt leaves out more ambitious commitments of emissions peaking in 2025 and a phase-down of all fossil fuels — not just coal as agreed at COP26 in Glasgow.

ASX dumps its $250 million blockchain experiment. It was only 63% complete after seven years and faced key latency and concurrency issues.

Medibank to face $1 bn compensation bill from damaging cyberattack that hit 10 million customers

Australia’s coal industry reputation in tatters after a whistleblower reveals exporters have been falsifying data to suggest their coal is cleaner in order to increase price.

Australian PwC partner and husband in $3.3 million fraud scheme.

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