The banking industry is set to face new competitive disruption as it scrambles to preserve its stake in the growing mobile payments market. New figures show that worldwide mobile payments are expected to increase by nearly 61 per cent to 47 billion transactions by 2015.
The Australian dollar has dropped on the back of a lower than expected increase in retail sales, with purchases taking a dive for department stores and household good retailers.
The nation’s competition tsar has highlighted shortcomings with the proposed grocery industry code intended to limit unfair practices and establish clear conduct guidelines in the sector.
More than 3000 chief executives who have not conducted a gender pay gap analysis will be sent a bottle of special water to help them have daughters.
A failure to pay compensation for an unfair dismissal case has seen a Melbourne based gym and its part owner slapped with a fine of nearly $50,000.
Former Victorian Premier Jeff Kennett has welcomed a Federal Court order forcing Coles to display notices informing consumers it broke Australian consumer law.
A dramatic spike in voluntary administration rates is being forecast for listed companies, with small and medium sized businesses across a range of key sectors thought to be most at risk.
The Australian publishing industry has pushed back against a proposal to remove restrictions that have long shielded local manufacturers and distributors yet limited access to cheaper books for the reading public. One of the more controversial proposals in the recent draft review of competition policy was its recommendation to lift parallel import restrictions on books, […]
Changes to stamp out bullying in the workplace are being exploited by opportunistic employees with some frivolous cases costing businesses up to tens of thousands of dollars. Since the Fair Work Commission was granted jurisdiction to resolve bullying complaints in January, employees have been able to gain easier access to a range of workplace protections. […]
A renowned US economist has endorsed a pessimistic outlook for the Australian economy over the next 12 months, warning of a Chinese slowdown, halting GDP growth and a 20 per cent drop in the value of the Australian dollar. Roubini Global Economics, founded by Dr Nouriel Roubini, has warned that a tight federal budget, lower […]
