‘Illegal, high risk’: Temu in serious trouble
Chinese-founded online shopping giant Temu has landed in hot water, copping accusations of selling products that are “high risk for consumers”.
Companies
Skyrail’s $85m lift for canopy cableway
Skyrail’s owners will spend more than double the attraction’s original cost to transform the famous Cairns cableway, with the makeover to extend its life for another 30 years.
ASX 200 gains on US-EU tariff deal; Boss Energy tanks 40pc
US-EU tariff deal lifts Wall Street, Euro futures, signalling strong start to trading week. Boss Energy guidance weighs as share price hits 2022 lows. WiseTech shares up on internal pick for top job. Tamboran’s sudden CEO exit.
‘Ansett is back’: Airline’s shock comeback
More than 20 years after closing its doors, an iconic Australian airline is making a comeback – but not in the way many people would think.
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Virgin tweaks power bank policy after mid-air fire
A mid-air fire on a Virgin Australia flight has prompted an update to the airline’s policy on the carriage of power banks, to ensure they are in view at all times.
Qantas refund class action delayed amid document search
A class action against Qantas over its handling of Covid-19 travel credits will focus on what call centre staff were told to tell customers about their refund entitlements.
ASX ends flat amid banks/miners switch; RBA keeps rate cuts in the frame
CBA leads bank losses, offset by gains in miners and CSL. RBA lowers chance of ‘severe’ hit to economy. Insignia’s relief rally as CC Capital’s lower-than-expected $4.80 per share offer lands.
Family of slain millionaire makes brutal call
The wealthy family of a slain businessman has been forced to make a “tough call” on their future, and they’ve done it with “heavy hearts”.
Qantas sets up secret line to hackers
Qantas has been forced to set up its own version of the bat signal to serve papers on the cyber criminal behind an unnerving database hack.
Qantas reclaims punctuality crown from Virgin
Qantas has outperformed Virgin Australia for the first time this year in June, to be the most punctual airline, as partner Jetstar clocked the least cancellations.
Banks drag ASX 200 down while resources rise
The ASX 200 index fell sharply from a record high as banks are hit by profit taking. Resources outperform. AMP hails super win in volatile market. South32 beats FY25 output guidance. Insignia’s $3.4bn offer yet to materialise as talks continue.
Supermarket idea makes Aussie $20 million
A clever and hard-working Aussie has revealed the idea that left him “screaming” when he realised he’d pulled it off.
‘Survive’: Aussie chocolatier’s big battle
A beloved boutique chocolate retailer is battling through a whopping rise in global cocoa prices, but Australia’s sweet tooth is helping out.
‘Should be worried’: Entire industry collapses
Australia no longer makes much of anything at all — and the few industries we do have left are rapidly circling the drain.
Original URL: https://www.dailytelegraph.com.au/business/companies/page/5