Govt to Put Caps on Payday Lending Charges
The Commonwealth Government announced today it would reform the payday lending market, to help Australians who are financially excluded from mainstream financial services and struggle to live on their current incomes.
Climate Laws will Supercharge Solar, says AuSES
A not-for-profit national organisation dedicated to promoting the use of solar energy in Australia today called for all components of the Clean Energy Future package to be passed into law by the end of 2011.
Leighton Shake-up Stuns Investors
Leighton Holdings announced today the appointment of Hamish Tyrwhitt as Chief Executive Officer and Managing Director. With immediate effect, Tyrwhitt will be replacing David Stewart after barely eight months in the job.
KFC Australia Removes Toys from Kiddie Meals
KFC Australia says it will no longer provide toys with any childrenʼs meals.
No Ear Cancer Link Found in Mobile Phones
The latest Interphone report has found no increased risk of acoustic neuroma – a rare, benign tumour of the ear nerve – from mobile phone use. The researchers, in a paper published this week in Cancer Epidemiology, found no overall acoustic neuroma (AN) risk for regular mobile phone use for 10 years or more.
Cityville and Farmville Maker Zynga Distributes Game Cards Across Europe
Zynga is setting up payment mechanisms in countries where credit cards aren’t the norm. The maker of CityVille, FarmVille, Empires & Allies and Zynga Poker announced today it has cut deals to distribute its prepaid Zynga Game Cards in Europe and Turkey.
Major Offshore Call Centre to Chase Australian Companies
SPi Global, a Business Process Outsourcing (BPO) company in the Philippines, has established an Australian office to form business partnerships with local companies for their call centre and other outsourcing needs.
Earth Now Home to 8.7 Million Species; Numbers still Rising
Eight million, seven hundred thousand species call the Earth home, with 6.5 million species found on land and 2.2 million (about 25 percent of the total) dwelling in the ocean depths. according to scientists.
BHP Super Profit Calls for Urgent Resource Rent Tax
BHP Billiton’s annoucement of the biggest profit in Australian corporate history demonstrates the urgent need for a resource rent tax, the Construction, Forestry, Mining and Energy Union (CFMEU) said today. The world's largest miner produced a net profit of $22.5 billion for the 12 months to June 30.
Union Urges Qantas to Reveal Job Cut Figures
It is time for Qantas to come clean on how many jobs in the Qantas group will be offshored, a union said today after the Flying Kangaroo has announced a profit for the 18th consecutive year since its merger with Australian Airlines.
Leighton Chairman Resigns, Effective Immediately
Leighton Holdings announced Wednesday the sudden resignation of board chairman David Mortimer, effective immediately.
Survey: iPhone Makes You Look Sexy
New research has revealed your phone can actually make you sexier. A survey by social dating community Zoosk.com shows 46 per cent of males and 63 per cent of females rate the Apple iPhone the sexiest model.
BHP to Hire BlueScope’s Axed Workers
BHP Billiton Illawarra Coal intends to hire workers laid off due to BlueScope Steel’s restructure of its Australian operations.
Virgin Pilots Say Yes to Pay Rise Deal
Virgin Australia’s long-haul pilots and long haul cabin crew have voted yes to their respective enterprise bargaining agreements (EBAs).
CommBank Partners with Agbank to Capture Chinese Market
The Commonwealth Bank of Australia has agreed to a cross-border referral deal with ‘big four’ Chinese bank Agricultural Bank of China in hopes of drawing more customers.
BlueScope Bonuses Outrage Steel Workers, Senator
BlueScope Steel's decision to grant executive bonuses of up to $3.05 million while at the same time axing 1,400 jobs from steelworks around the country has outraged the Australian Workers' Union and independent senator Nick Xenophon.
Leighton Wins Rio Tinto Contract
Leighton says its joint venture with indigenous contractor Ngarda Civil & Mining has secured a $104 million earthworks contract for Anglo-Australian miner Rio Tinto.
Investors Expect Australian Shares to Remain Weak for Months Ahead
Retail shareholder sentiment remains gloomy about the Australian stock market, according to the Global Proxy-Melbourne Institute Shareholder Confidence Index released Monday.
Unions Strengthen Call for Govt Action as BlueScope Axes Jobs
The push from Australian manufacturing unions for a broad-based agenda to support domestic manufacturing has been reinforced by 1,400 job losses at BlueScope’s Port Kembla and WesternPort operations.
Carbon Legislation Punishes Coal Industry
The carbon legislation contained a 'poison pill' which would forever exclude coal mining from being treated the same as every other trade exposed industry, the coal sector claims.
Investors Expanding Beyond Home State, Queensland Preferred Property
Australian investors are expanding their portfolios beyond their home state, new research by Terri Scheer Insurance show.
Low-Tech Aussie Parents Struggling to Keep Kids Cyber-Safe
A lack of technological knowledge is getting in the way of keeping their kids safe online, according to new Telstra research released today.
Virgin Australia to Hire Qantas’s Axed Employees
Virgin Australia has stated its intention to hire workers being made redundant by rival airline Qantas.
Westpac Cuts Rates for New Home Loans
Westpac is slashing its three-year fixed-rate home loan by 0.2 per cent to 6.59 per cent as part of its Spring Home Loan Celebration. The rate cut applies to new home loans of at least $150,000.
MetaTrader 5 iPhone Officially Out
MetaQuotes officially released a new version of its MetaTrader 5 iPhone platform app for mobile trading. With the new version, in addition to broadened trading opportunities, forex and stock traders will receive full technical analysis features.
Qantas Engineers to Go on Daily Strikes
A union representing Qantas engineers announced it will begin one-hour work stoppages next week that will last until the week before Christmas.
Westpac’s St.George Bank Slashes Fixed Home Loan Rates
Westpac-owned St.George Bank today slashed its fixed home loan rates by up to 0.55 per cent pa.
Amazon Most Visited Online Retail Site in June
Amazon sites had the largest global audience among major retail and auction sites in June, says comScore, Inc, a source of digital marketing intelligence.
BHP Invests $437M in Coal Mine Expansion
Resource giant BHP Billiton says it will spend US$437 million to expand the Cerrejon Coal mine in La Guajira, Colombia.
Airport Strike to Push Through on Friday, Last-Minute Talks Fail
The Community and Public Sector Union confirmed it will go ahead with its planned industrial action after last-minute talks with the federal government failed.