‘Dynamic strain’: Dire outlook for telcos
As Telstra swings the axe on thousands of jobs, a major warning has been issued that Aussie telcos are under “dynamic strain” amid sliding margins in the sector.
Technology
‘Crucial’: Google unveils bold plan
Plans for a lengthy fibre optic cable from Kenya to the west coast of Australia have been unveiled.
Optus hit with lawsuit over data breach
In the latest hit to the telco, Optus is being taken to court over a data breach that impacted millions of Australians.
Fresh fight looms on $14bn budget promise
Within hours of handing down its third budget, Labor’s bold Future Made in Australia Plan has been thrown into doubt.
Best paid public servant calls it quits
Despite netting a $3m pay package over the 2023 financial year, Australia’s highest paid bureaucrat has moved on to the private sector.
Top uni boss quits mid-term
The vice-chancellor at Australia’s top-ranked university has unexpectedly resigned just months after starting his second term.
Quantum Leap: PM’s multi-millions for tech
A Silicon Valley based start-up is set to benefit from hundreds of millions dollars in government-backed loans and capital.
ASX advances ahead of fresh inflation print
Ahead of consumer price figures for the March quarter, the benchmark notched its second session of gains.
ASX snaps five-day losing streak
Firmer than expected unemployment data failed to ease concerns that the RBA will hold interest rates steady through to 2025.
Aussie tech firm’s crash ‘one of the worst’
An Aussie tech company stopped in its tracks when $30m went missing has resumed trading and been slammed, with its share price plummeting.
‘Out of touch’: Swan blasts PC boss
The ex-treasurer has slammed Australia’s chief productivity adviser who was hand-picked by his own former chief of staff, Jim Chalmers.
‘Step up:’ Plea over Sydney’s third city
As one city begins plans to build Sydney’s third major city, Planning Minister Paul Scully has issued a call to arms for developers and businesses to invest in the site.
Iron ore optimism extends ASX rally
A rally in material stocks helped push the benchmark into the green, as investors awaited fresh inflation data due Wednesday evening.
Tech founder ousted over missing $30m
An Aussie tech firm founded by three “friends” has sacked its chief executive this week because of a missing $30m.
ASX ekes out gains despite energy dip
While the benchmark edged only slightly higher, key members on the share market swung wildly in trading on Monday.
Secret to improving lives of Aussies revealed
Australia’s 2.6 million small and medium businesses could be key to unlocking the next wave of productivity growth.
Huge problem facing Aussie banks
As Australians lose hundreds of millions of dollars to scammers each year, a tech insider says the banks’ data troves are a significant hurdle to tighter security.
Shares advance on steady inflation read
Shares clawed back losses from Tuesday’s session to come within less than 35 points of the benchmark’s all time high.
Major bank’s huge move on scammers
While criminals siphon hundreds of millions of dollars via scams each year, one bank has launched a new defence.
Sad reality of popular Aussie side hustle
There’s popular job in 2024 that promises an easy income with flexible working – but there is a brutal reality that many Aussies don’t see.
Iconic Aussie retailer to close forever
An iconic Aussie retailer dating back to the 1930s will be wound down for good after administrators failed to find a suitable buyer for the business, leaving more than 600 without a job.
Aussies lose $2.2bn to one cruel act
Australians have been hit with a record number of fraudulent credit card purchases and withdrawals, new data has revealed.
Experts debate AI risk to our extinction
Australia’s chief scientist, a retired army major general and a renowned physicist have shared their opinions on the risks of artificial intelligence.
ASX slips on banking sell-off
Snapping a two-day winning streak, Australian shares sank on Thursday.
‘Hypocrites’: Premier blasts nuclear plans
Victorian Premier Jacinta Allan promises she did not get all her views on nuclear power from The Simpsons and Mr Burns’ radioactive power plant.
Facebook snub to hurt all Australia: MP
The decision to walk away from local publishers would have ramifications for the entire community, Communications Minister Michele Rowland said.
Woolies customers rocked by odd delay
Eagle-eyed Woolworths shoppers have pointed out a major delay to a popular service offered by the grocery chain, with many sharing their outrage online.
Bombshell as Optus network boss quits
One of Optus’ senior figures has dropped a bombshell four months after a widespread outage at the telco giant disrupted the lives of millions and shattered the company’s reputation.
Australia’s $1.5bn trump card in Meta fight
The parent company behind Facebook could face a mammoth fine if found to have breached a major agreement with news publishers.
ASX rebounds as financials rally
The benchmark eked out a 0.1 per cent gain on Wednesday after the financials sector rallied late in trading.
Original URL: https://www.news.com.au/finance/business/technology/page/3