ASX down amid Israel-Gaza concerns
There was cautious trading to kick off the week as investors monitor news of the ongoing Israel-Gaza war.
Technology
Fashion trailblazer’s big seaweed plan
He has been jet setting around the globe, from New York to Europe, to spread the word on the groundbreaking product his team has developed.
ASX flat despite inflation jump
While inflation data jumped higher for the first time in four months, the local benchmark barely budged on Wednesday.
Google sued after dad’s horror Maps death
A man’s family is taking Google to court after the tech giant’s Maps app directed him to drive off a bridge, which led to his drowning death.
Why AI could cost businesses billions
Experts warn AI will “rapidly and significantly” disrupt more than $600 billion of economic activity.
Major change for 115,000 workers
One of Australia’s largest employers has announced a major change in support for its 115,000 workers.
Billionaire’s shocking WFH confession
Atlassian’s billionaire co-founder Scott Farquhar has made a shocking admission about exactly how much time he spends working from the office.
Company’s shock bounce back on ASX
One company has managed to secure top spot on the Australian share market after losing nearly 20 per cent of its price the previous day.
Share price nosedives as ASX drops
The Australian share market has started the week off on a low but one company has taken the cake in terms of stock price.
New job paying $1.4 million for talent
A host of high-profile companies are offering eye-watering salaries as they look to hire workers with a new and controversial skill.
Fury over Twitter’s child safety policy
Aussie politicians were left gobsmacked and enraged after X executives contradicted the company’s own stated approach to online child safety.
‘May not survive’: WFH company’s 97% crash
WeWork, the struggling rent-a-desk company, has admitted it likely won’t survive the year amid a sensational 97% crash in its share price.
Big day for seven companies on ASX
It’s been a somewhat rocky but mostly positive day of trading on the ASX, as seven stocks hit their highest levels in a year.
Tax fines jump 10,000% in huge ‘crackdown’
As the fallout from the PwC scandal continues, the federal government has announced a raft of major changes in response to tax misconduct.
Aussie bank’s gamechanging new move
Australians wanting to break free from streaming services will be given even greater freedom with a new banking feature,
ASX dips at start of week
Share prices in the mining sector have plummeted on Monday, triggered by the declining price of one product.
Tech giant’s Aussie job cuts
Dozens of Australian workers have been made redundant by a tech giant just months after more than 10,000 jobs were cut.
Aussie tech billionaire splits from wife
An Australian tech billionaire worth $19 billion has reportedly split from his wife after 13 years of marriage.
Another sign Aussies are doing it tough
In more troubling signs for the economy, Australians are spending less in this area, with cracks forming in the digital economy.
Woman’s rant about $50 note goes viral
A Melbourne woman’s rant to her local newspaper about the dangers of moving to a cashless society has resonated with thousands of Aussies online.
India’s most valuable start-up is in crisis
The tech giant promises it will release its financial results after half its board quit, 3000 employees were laid off and its offices were raided.
Business sells for $1, new CEO from Singapore
PwC Australia has appointed a new boss and made a shock $1 decision as it attempts to stem the fallout from the tax leak fiasco.
Westpac reveals major card update
One major bank has unveiled a major update on its credit and debit cards that’s intended to help one group manage their money.
Weird habit of Aussie worth $100m
From skydiving to journaling, one of Australia’s richest young entrepreneurs has revealed his secrets to growing a multimillion-dollar business.
Scam that could cost you thousands
A huge bank has warned its customers to be on the lookout for a scam that could drain their accounts.
Telcos named and shamed over scam texts
Industry watchdog has taken action against three telcos that allowed scam texts to be sent to clients.
Google surges by $82 billion overnight
Google’s share price has surged by A$82 billion overnight after a single announcement that sent the stock market into overdrive.
Company that raised $54m collapses
It counted fashion brand Alexander McQueen and car maker Ford as customers but the Aussie outfit said it was not a “cash-burning start-up”.
Urgent warning issued to Aussies over tax
Australians are being warned to be vigilant over the next few months as the end of the financial year increases the risk of being scammed.
Aussies warned about scammers next month
Australians are being warned to be vigilant over the next few months as scammers are expected to be out in force.
New move to protect personal data
The federal government has announced a new commissioner as it seeks to improve privacy laws following devastating data breaches.
How telcos ‘let down’ customers
A new report has outlined how telcos, including Telstra and Optus, “continue to let down” millions of customers.
Australia Post’s grim future laid bare
The chief executive of Australia Post has revealed the extreme challenges that lie ahead as the organisation struggles to turn a profit.
Musk’s strange change to Twitter HQ sign
Twitter owner Elon Musk has made a very strange change to the signage outside the company’s San Francisco headquarters.
RBA sounds alarm on phone wallets
The Reserve Bank has sounded the alarm on digital wallets such as Apple Pay as it warns change is needed to stop business owners from losing money.
Elon’s bleak $20 billion Twitter update
Elon Musk has revealed Twitter is now worth less than what he paid for it, according to a leaked email he sent staff.
Billionaire opens up on major life change
Australia’s youngest billionaire – who rarely posts on social media – has shared a rare slice of her private life after a major change.
Cost of living causes ‘credit card crisis’
Australians are reaching for their credit cards to make ends meet at frightening rates, with experts now ringing alarm bells on personal finances.
Major firm slashes valuation by $45b
A business that boasts clients including Amazon and Google and was the darling of the tech world has suffered a huge drop in its valuation.
Grim warning: change needed for economy
The Treasurer wants to modernise how the nation’s productivity is recorded, as new report shows it is at the lowest rate in decades.
Hundreds of jobs cut by NBN
The National Broadband Network will slash 500 jobs by June, with “all business units” to be affected by the changes.
‘Spiralled’: Woman’s buy now, pay later hell
A single mother has revealed the dangers associated with buy now, pay later services as the government is urged to beef-up rules for the sector.
Major Aussie company slashes jobs
A well-known tech player that is valued at $66 billion and was recently recruiting for more than 1000 roles has abruptly announced job cuts.
Major bank’s next move against scammers
One of the big four banks has introduced new protection against scams as customer losses reach a new “record high”.
Row over huge trucking company collapse
A major supermarket and union have clashed after the downfall of a major transport company was announced resulting in 1500 job losses.
Huge buy now, pay later firm shuts down
Another buy now, pay later provider is ending its operations in Australia, citing uncertainty over government regulations.
Collapsed company slapped with $15m fine
A Federal Court judge has dished out one of the biggest fines for corporate misconduct and described the firm as the “unacceptable face of start-up capitalism”.
Robot’s incorrect answer costs Google $140b
Google saw $140 billion slashed from its valuation in just a matter of hours after it revealed its rival to the popular Microsoft-backed ChatGPT.
$300m Aussie company sacks 75% of staff
An Aussie start-up worth $300 million has slashed around 75 per cent of its workforce, despite a cash injection in January.
Zuckerberg makes $10 billion in 24 hours
The social media founder slashed 11,000 jobs recently but cost cutting measures appear to have helped turn the company fortunes around.
Major tech company fires 3900 staff
The tech bloodbath continues with another well-known firm slashing its workforce as tens of thousands of workers across the sector are impacted.
‘Shattered’: Desperate act to pay the bills
Australians who are desperate to make ends meet are increasingly crowd sourcing their bills to make sure they get paid on time.
Aussie start-up loses $50m in a year
An Australian unicorn company once lauded as the next big thing has shed $50 million in the space of a year as tech companies go into meltdown.
Tragic reason for tech firms’ chaos
The world’s largest tech companies posted record profits only a year ago, but rounds of lay-offs keep coming. Find out why.
Aussies at risk as tech giant cuts jobs
Australian staff at a multinational software company are nervously awaiting news on whether they will keep their jobs.
Major boost for Aussie tech start-ups
Australian tech start-ups in one state will have the opportunity to access a new program lead by a global investment firm.
Beijing’s revenge on China’s richest man
The man who was once an international symbol of a modern China with a $71bn fortune is to give up control of his company after he riled Beijing.
Aussies hit with massive Twitter outage
Social media platform Twitter appears to be suffering some kind of outage across Australia with thousands reporting the platform is slow or not responding at all.
Workers sacked just in time for Christmas
Dozens of Aussies are heading into Christmas without jobs after being let go by a tech and property start-up.
Twitter relaunches ‘fraught’ program
The controversial ‘Twitter Blue’ program is set to relaunch, after a series of embarrassing hiccups and impostor accounts.
Medibank to close stores, call centres
Customers of Australia’s largest health insurer will be unable to access its facilities, with the company forced to take action following the recent attack on its data.
‘War’: Elon Musk suddenly backflips
Elon Musk has completely backflipped on his threat to “go to war” with Apple, just days after publicly calling out the tech company’s CEO.
What Medibank hack victims should do next
Hackers have once again released the private details of Medibank customers onto the dark web, with advice on what their next step should be revealed.
Massive cash boost for one group
Funding available for start ups in one state will be boosted by up to eight times its current amount, with $40 million added to the pool.
Simple act to save Aussie women
Australians can now do one simple thing to support women fleeing domestic violence just by pushing a button.
Meta staff fired for hijacking user’s accounts
It’s notoriously difficult to get help from Facebook if something goes wrong with your account, but leaked documents have revealed further problems.
Medibank execs defend handling of hack
A top Medibank executive has defended the insurer’s handling of a massive hack which exposed Aussies’ sensitive health data.
Company’s brutal cuts to save $14.3m
The Australian outfit has slashed 30 per cent of its workforce as it was hit by a slowdown post pandemic with its shares diving by 70 per cent this year.
Six-figure job Aussies want to quit
High-flying salaries aren’t enough to keep some Australian workers in this career, with stress levels rising and warnings of a shortage on the way.
Billionaire’s blistering letter to Google
With a $6 billion stake in the company, he released a scathing letter on the performance of Google and called for “aggressive” cost cutting measures.
Six-figure career desperate for workers
One profession is experiencing a significant shortage despite soaring salaries being offered and a rising demand for their work.
Vape company sacks 400 staff in shock move
A major vape company needs to trim half its staff to starve off bankruptcy – but business insiders fear the worst is yet to come.
Eye-watering fine for internet speed lie
Australia’s three largest internet providers have been handed whopping fines for making misleading statements in ads about their NBN speeds.
Horror as $1.2b wiped from company
Another tech outfit has had a brutal day, with losses soaring by 170 per cent, shares plummeting and $1.2 billion wiped off its valuation.
Criminal’s 24-hour threat to Medibank
A cybercriminal has threatened to release stolen Medibank customer data, with federal police working to prevent the move.
Shocking number of Aussies exposed to hacks
The true extent of hacks like the recent Optus and Medibank cyber attacks has been revealed through new research.
Couple accused of $10m crypto theft
A man and woman are accused of the theft of more than $10m in crypto they mistakenly received in a bungled transfer and spent on luxury goods.
Dire warning for iPhone fans
Those trying to get their hands on the latest Apple tech will face significant delays due to one thing.
Incredible payout for 1120 sacked staff
A company has revealed the “painful” decision to cut 14 per cent of its workforce, but has unveiled what impacted employees will receive.
Hyped Aussie start-up loses $62m
The Australian business, which was started in a garage in Townsville and now has office space that looks like Coles and Toyota, has defended the losses.
Original URL: https://www.news.com.au/finance/business/technology/page/6