Gerry Harvey’s big call on Temu
One of Australia’s high profile retail billionaires has called for a “government inquiry” into discount Chinese online retailers Shein and Temu.
Companies
Aussies spending holiday money overseas, not at home
Australians’ pursuit of a value holiday in Bali, Japan and Vietnam is taking a toll on domestic tourism, new figures show.
Virgin loses appeal against ‘drunk on duty’ unfair dismissal case
Virgin Australia has lost its appeal against a flight attendant unfairly sacked for drinking a glass of prosecco 7.5 hours before working and using a dating app while on fatigue leave.
ASX 200 ends up 1.4pc on US rebound; CBA still tips Feb rate cut; Zip rises
Economists divided over Feb rate cut forecast after 56,000 jobs boost. Rio rises after ‘good finish’ to 2024. Zip jumps after Sezzle earnings upgrade. Star edges up. Softer US core inflation boosts equity sentiment.
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Beleaguered Aussie airline suspends sales
Following Rex’s decision to halt trading on the ASX, the carrier’s latest move has signalled more strife is headed for the airline.
ASX declines; Super Retail CEO, chair sued
Super Retail ex-exec alleges bullying, harassment. Fortescue crashes after mystery stake sale. BHP, Lundin bid $C4.1bn for Filo Corp. Ramsay taps Woolworths Supermarkets boss as next CEO. Credit Corp’s top gainer. Rex halts 737 bookings amid financial woes.
Aussie shares retreat on mining slump
The sharemarket retreated on Tuesday on the back of a sharp mining slump.
Grim warning after latest housing figures
New data shows building approvals have stuck at near decade lows despite a modest uptick in the first half of the year, with NSW dragging down other states.
Grim warning after latest housing figures
New data shows building approvals have stuck at near decade lows despite a modest uptick in the first half of the year, with NSW dragging down other states.
Fury as council approves 200-person sex club
A proposal to build a 200-person swingers club in the heart of Melbourne has sparked furious pushback from locals.
Lender desperate Aussies are turning to
A growing number of Australians are turning to a lender that finances people the major banks deem too risky.
Rex halts 737 flight bookings as crisis deepens
The Rex crisis is deepening, with flight bookings on 737 services suspended and employees refused access to a hotel due to unpaid bills.
Beloved burger chain collapses
The burger chain, which had plans to open 300 stores in Australia, has gone into voluntary administration with hundreds of employees affected.
Rex teeters on the brink, losing almost $1m a week
Losses mount for Rex amid speculation the airline could collapse or be forced to axe its struggling 737 operations.
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