News
Retailer Kmart plans to withdraw its application to trade before 1pm on Anzac Day in NSW after the proposal sparked outrage across the country. Kmart managing director Guy Russo apologised for the companies decision to apply to trade during Anzac Day marches after receiving an overwhelming number of complaints and intense criticism from customers, politicians […]
War veterans have chastised an application by Kmart to open its stores before 1pm on Anzac Day, with some RSL’s threatening a boycott of the company. In an application to the State Government, Kmart, said there was “a desire within the community to see our stores open before 1pm on Anzac Day”. The company has […]
Australia has lifted its almost 10-year-ban on the importation of beef from countries that have experienced mad cow disease (or BSE, Bovine Spongiform Encephalopathy). Opening the Australian Bureau of Agricultural and Resource Economics (ABARE) Outlook 2010 conference in Canberra on Tuesday, Agriculture Minister Tony Burke said Australia’s import policies must be based on the best […]
The Board of the Reserve Bank of Australia decided today to raise the cash rate by 25 basis points to 4.0 per cent, effective tomorrow. The global economy is growing, and world GDP is expected to rise at close to trend pace in 2010 and 2011. The expansion is still hesitant in the major countries, due […]
Australia’s current account deficit came in worse than expected at a seasonally adjusted $17.46 billion in figures from the Australian Bureau of Statistics Most economists had expected a deficit of $17.1 billion for the December quarter. The ABS says this could subtract 1.3 percent from Australia’s economic growth figures for the quarter. With GDP figures […]
New building approvals in Australia were down 7 percent in January, to 14,045 from 15,106 units in December, the Australian Bureau of Statistics (ABS) said Today. Over the longer term, building approvals were up 47.6 percent in the year to January. This news comes as the RBA prepares to make another decision on whether to […]
Park Assist Pty Ltd, a global leader in parking guidance, bay sensing and parking enforcement, has secured its first contract with a US government authority with backing from Export Finance and Insurance Corporation (EFIC). The company was awarded a US$780,000 contract with the City of Seattle to provide an electronic parking guidance system (EPGS) for […]
CareerHub, a small Brisbane software development company has just signed a major deal to provide the software to run University of Warwick’s, UK career system. “CareerHub provides the software to integrate all of our activities for students, graduates and employers” said Thea Gibbs from the University of Warwick. “CareerHub will enable us to significantly improve […]
LinkedIn have opened for business in Sydney after surpassing one million members in Australia and more than 60 million members globally. LinkedIn have appointed Steve Barham from LinkedIn’s headquarters in Mount View, Calif. to take the role of director for recruitment solutions for LinkedIn Australia and New Zealand in their new Pitt St Sydney office. […]
The culture of banking executives bringing home big salaries and bonuses while taking excessive risks with investors money may be a thing of the past if the APRA’s chairman John Laker gets his way. In a speech today in Melbourne, the chairman the Australian Prudential Regulation Authority has made clear that the current system of […]
The not for profit and industry funds have again dominated the Chant West 2010 superannuation fund ratings. This is despite master trusts performing well as the economy escapes from the effects of the GFC. “While investment is very important and accounts for 40% of our overall weighting, past performance only counts for 10% of that,” […]
New research has found that Australian employees are not planning on changing jobs in the future due to economic uncertainty due to the GFC. The research report, Hunting the (hidden) Hunter looked at the triggers that would cause employees to move from one job to another, with the number of people actively looking for alternate […]
People Telecom Pty Limited has admitted its sales agents transferred customers from rival carriers without consent and made other potentially misleading claims in order to signup customers. As part of a court enforceable undertaking People Telecom will now offer affected consumers refunds and waive debts arising from telemarketing and door-to-door sales on its behalf. For […]
Nielsen’s 2010 Internet & Technology Report has found the median Australian internet user spent 17.6 hours per week online in 2009, an increase of nine percent over 2008 with a 28.5 percent increase over 2007 levels of internet usage. Interestingly the increases in Internet usage have not seen a corresponding drop in individuals consumption of […]
Finishing off that last-minute essay? Word stuck on the tip of your tongue? Dictionary.com brings you over 500,000 words, definitions and synonyms in its new app for BlackBerry. The app features phonetic and audio pronunciations, and you can check for correct spelling and definitions using dictionary listings or search for new words using the Thesaurus. […]
Prime Minister Kevin Rudd has reacted to the defacing of two Facebook tribute pages by considering the introduction of an Internet Ombudsman in Australia. “We just see the colliding of the two worlds here, abuse and graphic material online, and businesses legitimately concerned about using the Internet properly,” Rudd said. “We need to do everything […]
New research conducted by the University of New England (UNE) has found that mothers who work part-time raise healthier children than both those who work full-time and stay-at-home mums. In the study of more than 4500 Australian pre-schoolers, the UNE study found that kids of part-time mums were eating less junk food, watched less television […]
Australians lost over $70 million to online fraud in 2009, with that figure just the tip of the iceberg reports the Australian Competition and Consumer Commission. “Scams continue to make up a large proportion of total complaints that the ACCC receives and more than 20,000 scam reports were made to the ACCC in 2009 – […]
Microsoft has successfully taken legal action to shut down the control structure of the network behind the Waledac botnet that is responsible for 1.5 billion spam emails daily. In the US District Court of Eastern Virginia, a federal judge granted Microsoft’s request against 273 domain names believed to be hubs for control of the Waledac […]
Last year there were 2 amazing business statistics that blew me away: 24.1% of founders of start-up companies suffered start-up burnout 54.2% of founders felt their business adversely affected their personal life and health. So why the hell do we do it to ourselves?! I am one of those start-up founders who has their life […]
