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Pets now have their own spa treatments, gourmet dinners and health insurance in a growing business driven by the “humanisation” of animals. Matthew Kenwrick/Flickr

Pets join the family, and business is booming

The recently proposed $338 million merger of Australian vet and pet products companies Greencross and Petbarn illustrates something that perhaps we have known for a while now: our pets are becoming more…
ASIC warns: forex currency trading requires a high degree of skill, and consumers should be aware of the risks and potential for loss. Image of finance chart with sell/buy dice from www.shutterstock.com

Gambling on the dollar: time to reign in forex trading

With the value of the Australian dollar falling more than 10 cents in the past few months, should we all be hedging our bets and trading the Aussie for a fast profit? There’s no shortage of foreign currency…
A dangerous business: a fatal crash in Mona Vale in Sydney underlines the risks for professional drivers. AAP/ Tim Pascoe

Will better paid truckies make our roads safer?

With the Christmas season upon us and the roads full of holiday traffic, the deaths of nine people in eight crashes involving trucks since the end of November provide a sobering reminder of the dangers…
Debt; dollar; deficit - the mantra for this year, amid a turbulent political period. AAP

2013, the year that was: Business and Economy

Debt. Dollar. Deficits. Three little words so close to the hearts of our contributors in a year dominated by a critical federal election, a waning mining boom and continuing international turbulence. The…
TV ratings are starting to factor in viewership on iPads and other mobile devices. Irish Typepad/Flickr

TV ratings are on holidays, but viewing isn’t

Having the numbers is a matter of life or death for both subscription and free-to-air commercial television broadcasters. So when it was revealed Oztam, the television ratings agency, would factor into…
Big Australian retailers say conditions are tough, but overseas stores still see opportunities in the Australian market. AAP/Tracey Nearmy

Poor strategy has left Australian retailers open to overseas entrants

Announcements by international retailers rushing to enter Australia belie the claims of some large Australian retailers that market conditions are tough and shoppers are leaving bricks and mortar stores…
Toyota is the ‘last man standing’ in Australian car manufacturing, but it needs to shift from an ‘us and them’ approach to industrial relations. Alan Porritt/AAP

Toyota needs a new approach to avoid the road to nowhere

The Productivity Commission will today release the preliminary report of its inquiry into Australian automotive manufacturing industries, ensuring the future of car manufacturing in Australia continues…
The Leyland P76 was supposed to rescue the company - but noone bought it. Flikr/ peterhut

Lessons Holden might have learned from our worst car failure

One of the main complaints thrown around since Holden announced it would cease manufacturing in Australia has been that it failed to make a product that the market wanted. Forty years ago, this complaint…
The reach of global multinationals like BHP is driving a new wave of shareholder activism. Fiona Dorrell/AAP

Daly and Dunlop pave way for new era of shareholder activism

Sister Patricia Daly is in for the long haul. Last May, the New Jersey-based Dominican nun and shareholder activist, attended her 15th ExxonMobil annual shareholder meeting, again armed with the same resolution…
A race to the bottom on cloud costs sounds good on the surface, but it could also drive volatility for cloud users. shutterstock.com

Cloud price wars could drive ‘volatility as a service’

Since Google announced the launch of its Compute Engine in mid 2012, the competition for this lucrative slice of the cloud market has heated up. Amazon AWS, which has the lion’s share of the cloud infrastructure…
Outgoing US Federal Reserve chairman Ben Bernanke is cautiously pulling back the Fed’s quantitative easing program. AAP

Explainer: What US Fed tapering means for markets

The US Federal Reserve has announced that after more than five years of support, the “tapering” of its quantitative easing program is to begin. So what will the consequences of the gradual withdrawal of…
Motoring executives and politicians have met to discuss assistance for the manufacturing sector, but they shouldn’t overlook the need for local leaders. Joe Castro/AAP

After Holden: think national, act local

The Abbott government has made its first move to assist the regions affected by Holden’s planned closure. A high-profile taskforce, to be led by prime minister Tony Abbott and include two other federal…
Redundancies at Holden highlight the fact that around three quarters of those retiring early do so involuntarily. Julian Smith/AAP

Holden, retirement ages and the myth of choice

Holden’s move to withdraw from Australian manufacturing draws attention to the significant problem of involuntary retirement in Australia. While the official retirement age is 65 years, there are many…
If your target is making the biggest saving while shopping, you are probably a Sport Shopper. Image sourced from www.shutterstock.com

Ready, steady, shop: shopping as sport

Do you approach shopping as if it is a competitive, sport-like activity? Or perhaps you attach social or emotional value in being recognised by your friends and peers as a great shopper, a proficient or…
News Corp hinted at buying the Ten Network this year, which launched a series of new morning programs this year. AAP/Dan Himbrechts

The year that was: new and old media moves in 2013

Media moves in 2013 have been all about the continuing rise of online news, the war that is ramping up between free and paid for news, and the continuing profitability of commercial television. Tim Dwyer…
Treasurer Joe Hockey has sent some mixed messages on foreign investment, but it’s critical a level playing field is applied. Alan Porritt/AAP

Open for foreign investment … conditions apply

When Tony Abbott stepped up to claim victory for the Coalition in September, he declared Australia was “under new management and once more open for business”. One hundred days on, we look at the open for…
Overseas based online retailers are far more innovative in coming up with ways to keep customers clicking. BBC

Doing it better? Overseas online retailers aisles ahead

All the signs are there that Australian retailers are not investing enough in their online operations. More than A$24 billion was spent online during the 12 months to March 2013, with Australian online…
Prime Minister Tony Abbott may believe economic growth will solve Australia’s budget problem, but Joe Hockey should be looking for solutions elsewhere. Alan Porritt/AAP

Hockey can’t grow us out of trouble: lessons in budget repair

The mid-year budget update released on Tuesday — known as MYEFO — largely tells close observers what they knew already. The Commonwealth budget doesn’t add up. Revenues don’t cover outgoings. The numbers…
All options considered: Treasurer Joe Hockey has unveiled a bleak outlook for the May federal budget. AAP

‘All options on the table’: Hockey unveils MYEFO, experts react

Federal Treasurer Joe Hockey’s first budget update has revealed a massive blowout to the bottom line and a warning of a decade of deficits ahead. The government’s Mid-Year Economic and Fiscal Outlook (MYEFO…
The Federal Government’s flagged a review of competition laws, the first in two decades. It will need to look at how duopoly grocery retailers push regulators to limit competition. AAP/Dean Lewins

Groceries, power & fuel: crunch time for competition review

The Government’s push to reform competition laws will continue next year with a review focusing on the key groceries, utilities and automotive fuel sectors. These are the sectors that most regularly affect…
Christmas consumer ritualism: how will Christmas 2013 pan out for retailers? AAP Image/Daniel Munoz

Aussie retailers should get their Christmas wish this year

Consumer Sentiment fell by 4.8% in December, but despite the drop other indicators still point toward a robust Christmas period for retailers. Retail trade recorded its strongest result for three consecutive…
Deficits in the longer term are not sustainable. AAP

Structural deficit is Hockey’s elephant in the room

Media reports preceding the mid year economic and fiscal outlook suggest we should expect a deficit of just under A$50 billion, a further deterioration of Australia’s budget position since the pre-election…
Toyota has a history of operational excellence in Australia. Joe Castro/AAP

Last ‘man’ standing: what now for Toyota in Australia?

Now that Ford and Holden have announced the 2017 closure of their Australian manufacturing and assembly operations, what are the prospects for the industry and its key remaining participant, Toyota? Unlike…
Business Council of Australia and now National Commission of Audit head Tony Shepherd is unlikely to make recommendations that don’t fit with the Coalition’s agenda. Nikki Short/AAP

Beware the veil of independence in government reviews

The Abbott Coalition government, like the incoming Labor government before it, has marked the beginning of its term with a raft of reviews, including the wide ranging National Commission of Audit. Given…