News: Money

Jack Dorsey is treating Alex Jones like a small child

Thursday  10:05,   16 august 2018

With bags under his eyes and a ring in his nose, Twitter CEO Jack Dorsey sat down with NBC’s Lester Holt on Wednesday.“I believe we put [Jones] in a timeout, removing his ability to tweet for a time period,” Dorsey[...]
News / Money

Spacewalkers install bird trackers, send satellites flying

Thursday  08:56,   16 august 2018

Spacewalking cosmonauts have set up an antenna for tracking birds on Earth. Load[...]

Warren Buffett now owns 5.2% of Apple as he continues to build stake in the world's most valuable company

Thursday  06:06,   16 august 2018

Warren Buffett’s Berkshire Hathaway bought 12.4million shares in the second quarter, taking its holding to nearly 252million. It means it now owns about 5.2 per cent of the iPhone maker, which is the world’s most valuable company.At yesterday’s[...]

Why ousted WhatsApp boss has to keep coming to work to claim £640m

Thursday  06:05,   16 august 2018

Despite leaving the firm in April, Jan Koum has been forced to pop in to the office of Facebook, WhatsApp’s parent, in order to qualify for his multi-million pound deal. Coming to the office every month is a requirement of his entitlement to phased[...]

'Enormous challenge and change': Telstra posts 8.9% fall in profit

Thursday  06:05,   16 august 2018

Telstra boss Andy Penn warns of "challenges" over the coming financial year as the NBN rollout continues and mobile competition heats up. Over the year, 342,000 retail customers, 88,000 retail fixed broadband customers and 135,000 retail[...]

Android 9 Pie (Go edition) arrives this fall

Thursday  06:05,   16 august 2018

With Android Pie now available (on a handful of devices, at least), Google’s prepping the launch of its low-powered counterpart. Like Android Oreo (Go Edition), the latest OS is a stripped down version of its latest full operating system,[...]

Droughts and flooding rains: How Australia's weather impacts our tradies

Thursday  05:09,   16 august 2018

For those who work in construction, you may think that managing the weather is simple; just down tools when it is too hot or too wet. However, when there is a pay cheque on the line it is not as clear cut as this. Manu Pipitolu has been working as a [...]

Coles says bag backflips were to stop customers being 'stranded'

Thursday  04:56,   16 august 2018

Coles has defended the way it handled the removal of single-use plastic bags at its checkouts.Coles has defended the way it handled the removal of throw-away plastic bags at its checkouts, saying it only backflipped on the issue several times[...]

Aust Post makes $6b contribution: report

Thursday  04:56,   16 august 2018

Australia Post contributes billions to the national economy and is on an upwards trajectory thanks to the online retail boom, a Deloitte report says.The paper by Deloitte Access Economics, titled Economic and Social Value of Australia Post, follows[...]

’Complete scumbags’: Would-be home-buyers ‘lose $3m’ in deposits

Thursday  02:33,   16 august 2018

The Winning Post Officer allegedly took the deposits before the families were told the company had gone into liquidation. The company linked to the project, RIC Homes, does not even own the land at Officer in Melbourne's south-east that the buyers[...]

New Zealand passes ban on foreign homebuyers into law

Thursday  02:32,   16 august 2018

New Zealand's parliament passed a law on Wednesday to ban many non-resident foreigners from buying existing homes, completing the Labour-led government's election campaign pledge.Jacinda Ardern, New Zealand's popular 38-year-old prime[...]

'Good luck with that': Telstra exec drawn into Elon Musk controversy

Thursday  02:32,   16 august 2018

Robyn Denholm, Telstra's next CFO, has been appointed to a special committee to evaluate Musk's potential Tesla buyoutLoad[...]

Catholic Super shamed by manager's $2 million of secret deals

Thursday  02:32,   16 august 2018

The royal commission has heard explosive testimony by Catholic Super which uncovered a major breach while preparing for the royal commission. Rob Clancy's brother Paul Clancy is linked to three companies with contracts to Catholic Super. This[...]

Aussie dollar punished by global unease, retreats to 20-month low

Thursday  02:32,   16 august 2018

The Australian dollar has slumped to its lowest level since December, 2016.The Aussie dollar retreated to its lowest since December 2016 at 72.13 US cents by 1552 AEST, having shed more than two cents since the slide in the Turkish lira started[...]

More dead customers charged fees by Commonwealth Bank

Wednesday  21:05,   15 august 2018

The banking royal commission has heard about further cases of a Commonwealth Bank entity charging dead customers fees.A Commonwealth Bank superannuation fund trustee knew in 2015 it was charging advice fees to members it knew had died but continued[...]