Yahoo’s new business model appears to be taking shape, following the surprise announcement that the NASDAQ-listed search and mobile App tech-giant has employed a group of well-known and high-profile journalists…
The increasing use of debit and credit cards as well as the introduction of contactless payment systems means cash is becoming a less essential part of society.
flickr/craigregular
There is mounting evidence that consumers are making less use of cash, while the use of electronic payment methods, particularly debit cards, continues to increase. But are we heading towards a cashless…
Treasurer Joe Hockey has blocked the A$3.4 billion bid by US giant Archer Daniel Midlands for GrainCorp.
AAP
Federal Treasurer Joe Hockey has rejected the proposed takeover of GrainCorp by US grain handling giant Archer Daniels Midland, arguing the takeover would not be in the public interest. Mr Hockey said…
Simplifying the disclosure required for employee share schemes will be welcomed by companies, but employees still need to read the fine print.
jeff_golden/Flickr
The implementation of employee share schemes could be expanded and the red tape surrounding them relaxed under policy reforms being considered by the Australian Securities and Investments Commission. While…
Treasury’s superannuation paper should be examined through the lens of the government’s commitment to reduce regulation.
Image sourced from www.shutterstock.com
The consultation paperreleased by Treasury on the governance of superannuation funds doesn’t include any surprises. There are no policy recommendations of the type the Grattan Institute called for in its…
Prime Minister Tony Abbott talks to Indonesian Finance Minister Chatib Basri during a business breakfast in Jakarta in October.
Bagus Indahono/AAP
Indonesia has a population ten times as big as that of Australia, but its per capita income is only one-tenth of Australia’s, so what’s really at risk if the trade relationship between the two countries…
Games like Lucky Cruise, available on social networks and through mobile apps, are growing in popularity and profitability. The Social gambling industry generates $2 billion in revenue a month.
Lucky Cruise Social Casino
Regulations prohibiting gambling on social media in Australia are being increasingly challenged by the popularity of casino apps for iPhones and Androids, as well as loopholes exploited by offerings on…
A government guarantee could attract more private investment into affordable housing.
PT Money/Flickr
First home buyers are slipping in the ranks of Australians purchasing a home, and once again negative gearing and supply issues are back in the spotlight. Even Aussie Home Loans founder John Symond has…
The federal government has come under increasing pressure to lower the GST threshold for online purchases as sales continue to rise and revenue continues to be lost.
AAP/Alan Porritt
Both Labor and Coalition states are pushing the federal government to extend the GST to more online purchases as they look for additional sources of revenue. And while the Coalition had promised no changes…
Australia’s supermarket code of conduct could emulate the UK and be much tougher.
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The new draft voluntary code of conduct between supermarket giants Coles and Woolworths and their suppliers has so far elicited responses ranging from cynicism to cautious optimism. Supporters point out…
A freer flow of money in and out of China presents opportunities for Australia.
SimonQ/Flickr
China has signalled its intention, reiterated in the recent Third Plenum, to open up its financial markets. This would be an important reform which carries significant risks and opportunities both for…
Can - and should - the RBA intervene to lower the Australian dollar?
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Reserve Bank Governor Glenn Stevens has again weighed in on the value of the Australian dollar, telling a group of economists the bank is open to the idea of intervening to bring its value down. With the…
Myer CEO Bernie Brookes told shareholders bricks-and-mortar stores would only benefit from a better web presence, and said the company’s online offering was approaching profitability.
AAP/Joel Carrett
David Jones and Myer are making headway in complementing their traditional businesses with digital offerings, according to what respective CEOs told their shareholders late last week. Caught behind rapid…
Would you look at that! Netflix is making progress expanding around the world and commissioning high-quality content, including Orange Is The New Black, Arrested Development and House of Cards.
Orange Is The New Black
Australians rejoice: Netflix is rethinking its avoidance of Australia, according to media reports, and could launch here as soon as next year. Initially concerned about poor internet infrastructure, Netflix…
Dealing with an ageing population and workforce has been a concern for some years, with Tony Abbott promising changes to make it easier for older workers to find employment.
AAP/Paul Miller
The Federal Government only took a few hours to quash suggestions made by the Productivity Commission on Friday to lift the retirement age. But while the Commission’s report is based on research that’s…
Nursing homes, and the people who care for the elderly, would benefit if there was less of a taboo around talking about dirty business.
AAP/Alan Porritt
A recent survey found 73% of aged care workers in Australia did dirty work, coming into contact with bodily products. These products that are normal – we all poo and bleed – but taboos surrounding dirty…
Workers fly in and out of mines like this one in the Pilbara, bringing financial security but anxiety to their local communities.
AAP/Rebecca Le May
The high profile phenomenon of fly-in fly-out workers has gained widespread attention as a unique social phenomenon since the start of the mineral boom – and it has major implications for the well-being…
Murdoch’s World, by David Folkenflik, looks back at the scandal that beset Rupert Murdoch’s business empire.
EPA/Drew Angerer
The eruption of the News International phone hacking scandal has caused significant problems for Rupert Murdoch and his business empire. It forced him to close his big money spinner, News of the World…
Marketing professionals are facing a moment of truth as reaching customers becomes easier than ever for non-professionals.
Boston Public Library/Flickr
The effectiveness of Facebook advertising as a marketing tool for companies has come under intense scrutiny in recent weeks. The first volley was fired by Nate Elliot, the principal analyst at Forrester…
Tax evasion campaigns are not new, but with them often comes an amnesty designed to maximise government revenue.
HM Revenue & Customs/Flickr
The Australian Taxation Office continues its campaign to track down the offshore bank accounts of wealthy Australians, amid a global effort to improve tax transparency. One option the ATO has in its kit…
Bank of Melbourne relaunched its new look branch network in 2011 as part of a broader push to build customer relationships.
Joe Castro/AAP
UK banking giant Barclays has revealed plans to lay off 1700 branch staff and shrink its branch network as customers embrace online and mobile banking. The street faces of banks are changing quickly. Where…
As offerings becomes more and more alike, price competition for music access services will fall, benefiting those with diversified business like Apple, and hurting stand-alone sites like Pandora.
Miley Cyrus
YouTube is contemplating the launch of a new music service. But how would such a service fare against established music services like Spotify, Rdio, and Pandora? All these services are referred to as “access-based…
More workers are ditching the cubicle for a collaborative coworking space.
madrideducacion.es/Flickr
From humble beginnings, the coworking movement has exploded to an estimated 3000 spaces around the world, with hundreds of thousands of people choosing to ditch the home or corporate office in favour of…
Corporate data, once resigned to magnetic tapes, is now able to be manipulated on a much finer grained scale.
TunnelBug/Flickr
The crucial thing about “big data” is the data. “Big” is relative, and while size often matters, real disruption can come from data of any size. This is not a new idea, being several hundred years old…
Middle Eastern airlines such as Emirates have copied Asian airlines in challenging iconic Western airlines.
AAP
This week a stoush over foreign ownership has erupted between Qantas and Virgin Australia over Virgin’s A$350 million capital raising that will see three foreign airlines - Etihad Airways, Air New Zealand…