BUSINESS

Royal Commissioner Kenneth Hayne has identified “greed” as the key reason banks and other financial institutions repeatedly broke the law, along with an inability to manage, and repeated decisions by the Securities and Investments Commission and the Prudential Regulation Authority not to properly punish them.

Retail sector casuals will see their Saturday pay increase to 150 percent over the next three years.

Crowdfunding is commonly used to raise funds for business ventures, projects or even to raise capital for young upstarts.

Telstra has returned $9.3 million to 72,000 customers who were billed without their knowledge or consent under its Premium Direct Billing (PDB) third-party billing service.

All have big housing affordability problems, caused by a strong economy and 30 years of largely unregulated speculative housing.

The ABC’s former chairman, Justin Milne, has propelled himself from obscurity to infamy in just four days.

Why do the richest 1% of Americans take 20% of national income, but the richest 1% of Danes only 6%? Why have affluent British people seen their share of national income double since 1980, while over the same period, the income share of wealthy Dutch hasn’t budged?

Woolworths has allegedly been selling expiring breastfeeding vitamins.

Fitness First Australia has paid a fine of $12,000 for allegedly breaching the excessive payment surcharge provisions of the Competition and Consumer Act 2010.

The company will be rolling out a few features that will make contacting emergency operators easier and faster in the coming weeks.

The U.S. Labor Department continues to release wonderful news for U.S. workers.

When you take out insurance you are buying a promise. The insurer promises to pay for losses arising from the event mentioned in the policy; be it fire, robbery, flood or something else.

This fact mirrors the realisation that Brazil is changing the way the country sees social finance and investing.

The acquisition is the latest in the soft drink giant’s move to deliver healthier products.

Woolworths and Coles have announced a temporary milk levy to help farmers affected by drought.

Both AMP and IOOF were presented with draft findings that they acted against the interests of their members at the conclusion of the round five hearings of the Royal Commission into Banking and Financial Services.

In a tit-for-tat measure, the Asian giant will impose US$60 billion (AU$83.25 billion) of tariffs on US goods.

Like it or not, ride-hailing has become an established, regulated and accepted form of transportation in most of Canada’s largest cities.

The financial fortunes of many of us are tied in some way to the markets either directly through our investments or indirectly through our pension funds. Therefore, when markets collapse, the effects can reverberate through the whole of society.

Homeowners generally rely on insurance provided by the federal government to cover the costs of rebuilding their lives after a flood. We asked an insurance expert to explain the government program and its challenges.

On Sept. 12, the U.S. Census Bureau released national poverty data for 2017. The headline was that 39.7 million people were poor in 2017. This works out to 12.3 percent of the population or one in eight Americans.

Equity crowdfunding is one of the newer concepts that has completely revolutionised the startup industry.

Nongovernment organisations (NGOs) and nonprofits need proper funding to operate, but it’s not always easy for these groups to raise the money they need.

Packed strawberries sold in Woolworths have been recalled after sewing needles were found in them.

Meanwhile, Nike’s sales jumped by 31 percent despite threats of boycott.

Now is the best time as any for companies, whether established or start-ups, to start thinking about what other good they can do for business, people, and the planet.

In recent developments, many pet owners are using cannabidiol (CBD) products as a cure-all for their furry companions.

The gaming industry is big business in the U.S., contributing an estimated US$240 billion to the economy each year, while generating $38 billion in tax revenues and supporting 17 million jobs.