Jessica Stanic

The High Court has ruled the stimulus payments are valid and that the payments of $900 to 8.7 million tax payers can proceed as planned.

National Australia Bank is set to axe 113 positions across its branches in an attempt to cut costs. The bulk of the job cuts will come from NSW, where 75 branch staff are expected to lose their jobs. Finance Sector Union national secretary Leon Carter has said that the bank was initiating a “slow death” […]

Taxpayers will still receive their stimulus payments in spite of the fact they are being challenged in the High Court, says senior law lecturer at the University of New South Wales, George Williams.

Research in Motion has launched a new online store for its Blackberry applications, Blackberry App World, which offers a range of applications for business and consumer use. The online store will be available from today for Blackberry users in the UK, US and Canada, with more country launches to follow, including Australia. The store was […]

The CEO Institute’s latest survey of 226 chief executives has found that 75 percent of the nation’s CEOs feel that the Rudd Government is not doing enough to support businesses. The Institute’s chairman, Ken Gunn believes that many CEOs are critical of the Rudd Government’s $42 billion stimulus package, and want to see fewer cash […]

The Coalition has today announced a six point action plan for small business, in an effort to provide some much needed support for small business to equip them to lead the economic recovery. The Coalition recently held 23 Jobs for Australia forums around the country, with many small business unhappy with the Rudd Government. The […]

Japan is offering cash to jobless migrants of Japanese descent who are willing to go back home, in order to boost the economy and reduce unemployment levels. The labour ministry has started offering Y300,000 ($A4,370) to each migrant worker of Japanese descent to return home. The Government has estimated than more than 192,000 non-regular workers […]

The financial crisis has seen a drop in retail sales, with consumers holding on to their money, it would seem. But for eBay, profits have increased as people turn to online shopping during the recession for cheaper goods and great bargains. The auction site analysed millions of transactions by casual home-sellers and found that in […]

The ACCC has called into question the proposed merger between telecommunication companies Vodafone and Hutchinson, believing it could affect competition in the industry, and lead to increased retail prices on mobile phones and broadband services. “The ACCC is concerned that the removal of Hutchison as a vigorous and effective competitor will lead to increased prices […]

The manufacturing industry continued to deteriorate in March, with manufacturing activity falling in all states expect Tasmania. Australian Industry Group chief executive Heather Ridout said the manufacturing industry continues to feel the impact of the economic downturn. “The Australian PMI® suggests that economic conditions have not bottomed in the economy and that the outlook remains […]