Talking Business with Leon Gettler

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Talking Business #8 Interview with David Ubilava from the University of Sydney

Thu, 26 Mar 2026 20:00:00 GMT

Here's this week's business finance and economics news - in just 30 minutes

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Talking Business #7 Interview with Tereza Murray from TMPlus

Thu, 19 Mar 2026 20:00:00 GMT

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Talking Business # 6: Interview with Daniel Lazarus from Industrias

Thu, 12 Mar 2026 20:00:00 GMT

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Talking Business #5 Interview with Rebekah Murphy from Hub Australia

Thu, 05 Mar 2026 20:00:00 GMT

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Talking Business #4 Interview with Chris Petzoldt from Pretian Squared

Thu, 26 Feb 2026 20:00:00 GMT

Here's this week's business finance and economics news - in juts 30 minutes!

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Talking Business #3 Interview with Andrew Binns from Australian Communities Foundation

Thu, 19 Feb 2026 20:00:00 GMT

Here's all this week's business finance and economics news - in just 30 minutes!

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Talking Business #2 Interview with Tamsin Jones from Small Giants Academy

Thu, 12 Feb 2026 20:00:00 GMT

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Talking Business #1 Interview with Elise Balsillie from Thryv Australia and New Zealand

Thu, 05 Feb 2026 20:00:00 GMT

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Talking Business #44 Interview with Phillipe Wolgen from Clinuvel

Thu, 11 Dec 2025 20:00:00 GMT

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Talking Business #43 Interview with David Trott from PMI

Thu, 04 Dec 2025 20:00:00 GMT

Here's this week's business finance and economics news - in just 30 mnutes!

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Talking Business #42 Interview with Matthew Forzan from Yoghurt Digital

Thu, 27 Nov 2025 20:00:00 GMT

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Talking Business #41 Interview with John Karabin from NTT Australia

Thu, 20 Nov 2025 20:00:00 GMT

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Talking Business #40 Interview with Mark Woodland from Kismet

Thu, 13 Nov 2025 20:00:00 GMT

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Talking Business #39 Interview with Peter Kokkinos from Udemy

Thu, 06 Nov 2025 20:00:00 GMT

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Talking Business #38 Interview with Dino Beverakis from Avaya

Thu, 30 Oct 2025 20:00:00 GMT

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Talking Business #37 Interview with Neil Druce from the Junee Licorice and Chocolate Factory

Thu, 23 Oct 2025 20:00:00 GMT

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Talking Business #36 Interview with Paul Goudie from Altura Learning

Thu, 16 Oct 2025 20:00:00 GMT

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Talking Business #35 Interview with Suhini Wijayasinghe from people2people

Thu, 09 Oct 2025 20:00:00 GMT

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Talking Business #34 Interview with Dr. Tim Currie from Nova

Thu, 02 Oct 2025 21:00:00 GMT

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Talking Business #33 Interview with Michael Horin from Clarity Aged Care Advisors

Thu, 25 Sep 2025 21:00:00 GMT

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Talking Business #32 Interview with Jennifer McCloy from Baseline.

Thu, 18 Sep 2025 21:00:00 GMT

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Talking Business #31 Interview with Francis Prince Thangasamy from Lumen Technologies.

Thu, 11 Sep 2025 21:00:00 GMT

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Talking Business #30 Interview with Marc Washbourne from ReadyTech

Thu, 04 Sep 2025 21:00:00 GMT

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Talking Business #29 Interview with Nicholas Woodward from Pack & Send

Thu, 28 Aug 2025 21:00:00 GMT

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Talking Business #28 Interview with Matt Masson from CT Partners

Thu, 21 Aug 2025 21:00:00 GMT

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Talking Business #27 Interview with Bob Huber from Tenable

Thu, 14 Aug 2025 21:00:00 GMT

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Talking Business #26 Interview with Tim Bhatnagar from Paiverse

Thu, 07 Aug 2025 21:00:00 GMT

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Talking Business #25 Interview with Charles Zerafa from Integrity Finance Australia

Thu, 31 Jul 2025 21:00:00 GMT

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Talking Business #24 Interview with David J Greer, entrepreneurial coach.

Thu, 24 Jul 2025 21:00:26 GMT

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Talking Business #23 Interview with Steve Plarre from Plarre Foods

Thu, 17 Jul 2025 21:00:00 GMT

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Talking Business #22 Interview with Denis O’Shea from Mobile Mentor

Thu, 10 Jul 2025 21:00:00 GMT

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Talking Business #22 Interview with Jarrod McGrath from Smart WFM

Thu, 03 Jul 2025 21:00:00 GMT

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Talking Business #20 Interview with Jesse Kalsi numerologist

Thu, 26 Jun 2025 21:00:00 GMT

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Talking Business #19 Interview with Michael Dallas-Petersen from The Integrator Academy

Thu, 19 Jun 2025 21:00:00 GMT

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Talking Business #18 Interview with Bill Eddy from the High Performance Institute

Thu, 12 Jun 2025 21:00:00 GMT

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Talking Business #17 Interview with Aaron Tighe Sales Coach

Thu, 05 Jun 2025 21:00:00 GMT

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Talking Business #16 Interview with Craig Wilford from Nexia

Thu, 29 May 2025 21:00:00 GMT

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Talking Business #15 Interview with Ian Salteri from KttiPay

Thu, 22 May 2025 21:00:00 GMT

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Talking Business #14 Interview with Gadi Buch from Promeet

Thu, 15 May 2025 21:00:00 GMT

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Talking Business #13 Interview with Dr Arne Geschke from Fair Supply

Thu, 08 May 2025 21:00:00 GMT

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Talking Business #12 Interview with Robert Lockyer from Delta Global

Thu, 01 May 2025 21:00:00 GMT

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Talking Business #11 Interview with Margot Faraci, global leadership expert

Thu, 24 Apr 2025 21:00:00 GMT

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Talking Business #No 10 Interview with Professor Sven Rogge from the University of NSW

Thu, 17 Apr 2025 21:00:00 GMT

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Talking Business #9 Interview with Greg Zakowicz from Omnisend

Thu, 03 Apr 2025 20:00:00 GMT

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Talking Business #8 Interview with Rocky Lalvani from Profit Comes First

Thu, 27 Mar 2025 20:00:00 GMT

Rocky Lalvani from Profit Comes First

2:17 Says the way business owners should build profit is to use one formula: Sales minus profit = expenses. This forces them to constrain expenses.

4:30 He says his system creates early warning signals for businesses that they are running out of cash.

https://us02web.zoom.us/rec/share/xfzH5pz-mOIZ7F35G7gZQ80TBbZaXyO6P5wjqpt6G66CuR-BE6qdb39rRedoFbn_.kSmRGMmdVhPjvK7g?startTime=1711659690000

Passcode: Lbj=9Yvd

Independent economist Nicholas Gruen

13:52 Says Trump’s tariffs will create “basic chaos” in supply chains

14:08 Says Trump’s tariffs will create a lack of trust. “Why would you sign an agreement with the United States ever again?”

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Talking Business #7 Interview with Angelina Wu from investmentmarkets.com.au

Thu, 20 Mar 2025 20:00:00 GMT

Angelina Wu, co-founder and CEO of investmentmarkets.com.au

2:24 Says investmentsmarkets.com.au will cover all equities, property, alternative assets, industries and start-ups.

4:18. The idea is not to endorse any product issuer. investmentsmarkets.com.au is a discovery tool for investors doing their own analysis. They don’t want to insult investors’ intelligence.

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Passcode: Nw.9#mPG

Independent economist Craig James

12:54 Says what’s affecting the Budget is that expenses are running at 8% annual pace whereas revenues are running at4%

16:32 Says Trump’s policies on tariffs on April 2 and the uncertainty around them is affecting central banks.

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Talking Business #6 Interview with Scott Boyes from Trilogy Hotels

Thu, 13 Mar 2025 20:00:00 GMT

Trilogy Hotels CEO Scott Boyes

2.24: Says the Trilogy model breaks up the running of a hotel to its best assets: a manager operating the hotel and specialists running the brand and its distribution, sales and loyalty delivering a better outcome for the owners.

7.44 Says 80% of hotels in the US operate using this model whereas in Australia it’s new.

ScottBoyesMarch14.wav

AMP Capital chief economist Shane Oliver

11.04 Says the latest profit reporting season turned out to be “pretty ordinary”

15,02 The big issue for Australia with Trump’s tariffs is they are a drag on the economy.

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Talking Business #5 Interview with Bob Huber from Tenable

Thu, 06 Mar 2025 20:00:00 GMT

Here are this week’s Talking Business snippets

Bob Huber, the chief security officer at Tenable,

2:30: says 38% of all cyber-attacks are Ranswomware

6:44 Talks about the global revolution of cyber crime and zero day attacks

BobHuberMarch7.mp3

Independent economist Saul Eslake says

12:55: Says the Australian government can’t expect a rate cut before the next election

17:23: Says Trump’s policies will put upward pressure on inflation around the world.

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Talking Business #4 Interview with Dario Valenza from Carbonix

Thu, 27 Feb 2025 20:00:00 GMT

Dario Valenza, founder of Carbonix

1:51 Carbonix helps the electricity operator monitor everything in their infrastructure, travelling over hundreds of kms with drones to stop blackouts, saving them the cost of sending out operators.

3:41 Carbonix does it with about 2% of what a helicopter or fixed wing aircraft would do. The fuel tank could fit in your fridge.

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Passcode: ?*W&4kc$

Independent economist Nicholas Gruen

11:00 Suggests Australia could follow the footsteps of the Michigan Independent Citizens Redistricting Commission which was made up of citizens as an extra chamber to the Senate.

15::03 Says citizens could be selected for this panel in the same way that they select juries.

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Talking Business #3 Interview with Jessica Leonard and Ashleigh Potocki from The Afterglow

Thu, 20 Feb 2025 20:00:00 GMT

Ashleigh Potocki, the joint owner of The Afterglow Studio

2:47 Says when it comes to funding, lenders don’t understand the beauty industry where so many women entrepreneurs are based and they deem it as high risk

3.45 While she is the CEO of the company, she’s needed her husband, although he has no beauty industry experience, to meet the criteria to get funding.

video1134615835.mp4

Rabobank economist Michael Every

12:04 Says Donald Trump is shaking up the global trading system to a level not seen since the Berlin Wall came down.

13:04. Says Trump is creating a fragmented fractured global trading system where the US is holding up its roof but not nobody else's.

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Talking Business #2 Interview with Holly Fowler from Wable

Thu, 13 Feb 2025 20:00:00 GMT

Holly Fowler CEO and founder of Wable:

5:36 Says Wable which was started in Melbourne for neurodivergent people is now getting getting noticed by people all over the world

7:05 Says Wable might have started as a dating app but has now become a platform for people to connect and make friends with other neurodivergent people or those who understand what it’s like.

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Passcode: Npz#$0th

Independent economist Saul Eslake says:

16 51: Trump’s tariffs will increase US inflation

21:48 Compares Trump’s inaugural speech to taking over the Panama Canal & Greenland to a hypothetical scenario of Putin declaring in his inaugural speech of acquiring back Alaska.

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Talking Business #1 Interview with Spyros Papapetropoulos from Bionomics

Thu, 06 Feb 2025 20:00:00 GMT

Spiros Papetropoulos, CEO of Bionomics

3:51 Says up until now social anxiety is treated with drugs like Valium which don’t work for everyone and run the risk of addiction.

10:56 Says Bionomics is now preparing work for health authorities in the US for its BNC210 programs to treat social anxiety

SpyrosPapapetropoulosFeb7 .mp3

AMP Capital chief economist Shane Oliver

13:06 Says that while it’s not certain, AMP forecasts the Reserve Bank of Australia will ease interest rates in February and then adopt a cautious approach to rates

21:06 Predicts investors will have a a tougher more volatile market in 2025 compared with the last two years, with returns of about 7-8%.

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Talking Business #46 Interview with Gavin Basserabie from Confidence Club

Thu, 12 Dec 2024 20:00:44 GMT

Rupert Murdoch has failed in court to have his family trust amended to exclude other children and favour Lachlan.

ANZ will bring in an international banking heavyweight to succeed outgoing chief executive Shayne Elliott when he leaves the big four lender mid-next year.

CSIRO slaps down major nuclear talking points promoted by Coalition leader Peter Dutton in its latest GenCost report, which confirms – yet again – that integrated wind and solar are easily the cheapest option

Woolworths strike chaos: $140M and counting!

AI could disrupt 30% of Aussie jobs in 5 years—are we ready?

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Talking Business #45 Interview with Jonathan Walsh from Essendex Australia

Thu, 05 Dec 2024 20:00:45 GMT

Woolworths says two weeks of industrial action has cut $50 million in sales from its supermarket business as the retailer struggles to stock shelves.

Higher than expected retail sales cast doubts on whether the Reserve Bank of Australia will cut rates.

Many households find themselves under financial pressure, even as government rebates attempt to mitigate the impact of escalating energy prices.

A new report by the BCA ranks Victoria as the worst state or territory for doing business, with more onerous regulations acting against growth and investment on a range of measures.

Australian housing prices have increased for the 22nd month in a row, but the market appears to be losing steam.

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Talking Business #44 Interview with Jason Baden from F5

Thu, 28 Nov 2024 17:00:31 GMT

RBA warns: US-China trade war could sink markets and rates!

Australia's inflation stays within the RBA's target, but rate cuts remain on hold as the central bank awaits stronger evidence of easing price pressures.

Super tax hike faces delay, uncertain future before election!

Record deficit looms: Economic woes set stage for election showdown!"

Amazon shakes up grocery market, rivals Woolies and Coles!

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Talking Business #43 Interview with Andy Cunningham from Autodesk

Thu, 21 Nov 2024 20:00:22 GMT

Chinese leader Xi Jinping tells US President Joe Biden that he’s ready to work with Donald Trump

Bluesky app designed for users to express themselves with peace, love and understanding. Because they say X is the problem.

Forget about a rate cut before the election! The Reserve Bank of Australia says it’s highly unlikely to cut the cash rate in either February or April.

Banking major National Australia Bank, or the NAB is in trouble on two legal fronts.

Treasury stun bankers by suddenly emailing them about a new regional services bank levy that proposes to redistribute revenue to institutions that maintain a larger presence in the bush

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Talking Business #42 Interview with Andrew Job from Plotlogic

Thu, 14 Nov 2024 20:00:25 GMT

A Wall Street strategist has warned that Trump's proposed trade war raises the chances of a US recession to 75%.

Australian Treasurer Jim Chalmers claims a US-China economic split under Donald Trump would undermine Labor’s plan to ramp up the export of green metals and hydrogen due to interruptions in global trade

Australian billionaire Anthony Pratt will now live in the US deciding to move there because of Trump’s victory.

New findings show that victims of work-related sexual harassment don’t have the option of reporting incidents anonymously at more than three in ten medium and large companies.

Sacked Nine news boss Amanda Paterson calls in the lawyers.

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Talking Business#41: Interview with Stephanie Walker from NMS Productions

Thu, 07 Nov 2024 20:00:13 GMT

An analysis of what Trump’s victory means for the US and global economies.

The Reserve Bank of Australia has held interest rates steady. It says underlying inflation is not expected to ease to 3% until mid-2025 and “remains too high”. This means that other central banks are cutting rates but the RBA won’t be joining them any time soon.

Mineral Resources billionaire Chris Ellison is booted out after ripping off taxpayers and his own company.

The scandal over flight upgrades for Australian politicians continues. For the airlines, the pollies are great business.

Prime Minister Anthony Albanese has fired the starting gun for the federal election, outlining a cradle-to-the grave policy agenda leaning heavily on education and health.

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Talking Business #40 Interview with Michelle May from Michelle May Buyers' Agents

Thu, 31 Oct 2024 20:00:42 GMT

Australia's inflation rate fell to 2.8% in Q3 of 2024 from 3.8% in Q2, marking the lowest figures since Q1 of 2021. However, services inflation is still too high.

The change of government in Queensland was not caused by cost of living issues. Chalmers rules out big spending despite loss.

Report shows the inept Morrison government’s delays procuring COVID-19 vaccines cost lives and delivered a $31 billion hit to the economy.

Myer has bought billionaire Solomon Lew's clothing brands in a mega deal for the department store, giving Lew 27% of the bigger Myer group.

The super fund for butchers and meat industry workers will emerge as the largest shareholder in fruit and vegetable processor SPC when it relists on the ASX in December.

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Talking Business #39 Interview with Phil Zammit from Avaya

Thu, 24 Oct 2024 20:00:13 GMT

The world’s $100 trillion time bomb is ticking as the International Monetary fund meets finance chiefs in Washington this week.

The IMF warns that Australia’s inflation will hold at 3.3% through 2024-2025.

Billionaire Richard White has been accused of giving business advice in exchange for sex by different women.

Qantas has been ordered to pay $170,000 to three of the 1700 workers who were illegally fired during the pandemic amid a push for the airline to fork out more than $100m in compensation

A senior male manager at Nine Entertainment is the subject of an investigation into an alleged rape reported by a junior female staff member as part of the media company’s independent review

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Talking Business #38 Interview with Graham Cooke from Finder

Thu, 17 Oct 2024 20:00:26 GMT

Hurricanes in the US have cost lives, wreaked enormous damage and left enormous financial costs. As we witness extreme weather events escalating worldwide, the connection to climate change is undeniable.

Prime Minister Albanese just bought a $4.3M ocean front home, when most people can't afford their rent or mortgage. For a supposed man of the people, he seems to be completely out of touch

ANU asks staff to waive pay rise to save jobs.

Virgin Australia records its second consecutive annual profit and a 6.8% year-on-year increase in revenue putting it in a stronger position compared with a 17% fall at its larger rival Qantas.

ASIC figures show a 43% increase in insolvencies in Australia for the period up to 29 September 2024

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Talking Business #37: Interview with Chris Noone from Carly

Thu, 10 Oct 2024 20:00:45 GMT

ASIC data shows company insolvencies have hit record highs.

Half of Australians expect cost-of-living pressures to deteriorate over the coming two years

New research shows grocery costs are the biggest pain point for Aussie consumers despite the recent pullback in official inflation figures.

ANZ CEO Shayne Elliott doesn’t expect to remain in the top job to see through a multi-year integration of Suncorp’s bank, hints he won’t be there after 2025

Wesfarmers says its fast-growing health division is expected to clock up $6 billion in revenues this year as it expands its digital and pharmacy operations to meet the growing demand from Australians, who it says are sicker than they were before the pandemic.

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Talking Business #36 Nathan Cheong from Melrose Health Group

Thu, 03 Oct 2024 21:00:47 GMT

Qatar Airlines gets around Qantas protectionism by buying a 25% stake in Virgin.

Murdoch's REA walks away from Rightmove deal after making four bad offers.

Rank-and-file Labor members urging the Albanese government to curtail negative gearing and capital gains tax concessions.

An average of 4.02 million national viewers watched Brisbane’s 60-point thrashing of Sydney in the 2024 AFL Grand Final. Great for free-to-air television which relies on mass eyeballs for advertisers.

Chocolate lovers already feeling the sting of high prices should brace for worse: costs will continue to rise as global cocoa supplies are at their lowest level in two decades.

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Talking Business #35 Interview with Joel Delmaire from JobAdder

Thu, 26 Sep 2024 21:00:29 GMT

Unlike other central banks, the Reserve Bank of Australia keeps its rates on hold waiting for inflation to come down.

Australia’s annual inflation rate in August falls to lowest since 2021 at 2.7%

Australia’s Misery index is at its highest level since the global financial crisis and higher than during the COVID-19 era.

The Albanese government surprises some by seeking advice on scaling back negative gearing.

The ACCC is finally taking the supermarkets to court.

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Talking Business #34 Interview with Cesar Hasselman from AMH Consulting

Thu, 19 Sep 2024 21:00:16 GMT

We need a Labor Party in which the big issues are confronted,” former ACTU secretary Bill Kelty said, describing the Albanese government as instead being “mired in mediocrity”.

Commonwealth Bank of Australia is exploring the possibility of replacing thousands of local call centre staff with a ChatGPT-style platform in an expanded use of artificial intelligence for customers.

About two thirds of Australian baby boomers leaving the workforce don’t have enough pension savings to retire comfortably, according to research from the industry’s peak body.

Following the planned departure of Nine Entertainment boss Mike Sneesby, Nine is now looking at privatising online real estate spin-off Domain which is 60% owned by Nine.

Melbourne-based start-up Helfie AI is working on software that will be able to screen for skin cancer and COVID-19 through a smartphone app.

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Talking Business #33 Interview with Mustafa Nuristani from the Transcendental Meditation Organisation in Australia.

Thu, 12 Sep 2024 21:14:04 GMT

The Murdoch’s control over their media empire is about to be scrutinized in court. It’s also now the target of the activist investor Starboard.

The legal battle between Murdoch’s kids over Murdoch’s plan to change the structure of his family trust to give all voting power to his oldest son, Lachlan.

New data shows almost all of Australia’s major airports including Sydney and Brisbane are vulnerable to the worst impacts of climate change, according to new analysis

The Coalition will block Treasurer Jim Chalmers’ attempt to create a new specialist interest rate-setting board at the Reserve Bank over concerns the government could stack the committee with Labor-aligned figures.

The Albanese government will implement a minimum age for social media use to protect the mental and physical health of children.

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Talking Business #33 Intterview with Mustafa Nuristani from the Transcendental Meditation Organisation in Australia

Thu, 12 Sep 2024 21:00:36 GMT

The Murdoch’s control over their media empire is about to be scrutinized in court. It’s also now the target of the activist investor Starboard.

The legal battle between Murdoch’s kids over Murdoch’s plan to change the structure of his family trust to give all voting power to his oldest son, Lachlan.

New data shows almost all of Australia’s major airports including Sydney and Brisbane are vulnerable to the worst impacts of climate change, according to new analysis

The Albanese government will implement a minimum age for social media use to protect the mental and physical health of children.

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Talking Business #32 Interview with Evan Thornley from LongView

Thu, 05 Sep 2024 21:00:50 GMT

Australian GDP per capita has declined for a record 6th consecutive quarter.

Australian health Department officials concede that private hospitals are uninvestable and more will close.

Rupert Murdoch-owned firm REA Group weighs up bid for UK-based Rightmove.

Blackstone to acquire Australian data centre business AirTrunk. The world’s largest private equity group is betting on growth of artificial intelligence in Asia-Pacific region.

Reports that the ultra-rich are buying up big and using shell companies to hide it.

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Talking Business #30 Interview with Dana Udall from Headspace

Thu, 29 Aug 2024 21:00:40 GMT

Australia’s latest monthly CPI indicator came in lower at 3.5% in the 12 months to July. But energy subsidies are weighing on the index.

As many as 1.6 million Australian households are now facing home insurance affordability stress

The Australian government is set to take a tougher approach to airlines and airports over flight delays under changes outlined in the aviation white paper.

Jim Chalmers calls Peter Dutton ‘most divisive leader’ in modern Australian history from a main party

A new Senate inquiry will put 'big box retailers' like Bunnings, Chemist Warehouse and Amazon under the microscope by the end of the year.

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Talking Business #30 Interview with Lucy Piper from WorkforClimate

Thu, 22 Aug 2024 21:00:12 GMT

Plummeting iron ore prices could cost the federal government $3 billion in revenue, which is likely to push Australia’s budget further into deficit this financial year.

Federal police have been called in to investigate whether Regional Express’s former chairman amid increasingly bitter recriminations over the airline’s collapse late last month.

New legislation to completely defang the CFMEU.

Booktopia has been rescued out of administration by camera store digiDirec

Banks are spending hundreds of millions each year to keep cash in the branches and they want you to know it.

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Talking Business #29 Interview with Brent Goldman from Nexia Australia

Thu, 15 Aug 2024 21:00:16 GMT

Bruce Daisley says Elon Musk should be arrested if it's proven that his actions incited recent riots in the UK. Daisley is a former senior executive at Twitter.

Amid growing political tensions over cost-of-living pressures, RBA deputy governor Andrew Hauser slams those who claim to be sure of the way forward as “false prophets”

Australian technology companies say job graduate readiness is at its lowest levels, with most believing 99% are not able to jump in and perform effectively after leaving university.

The Albanese government plans to reduce the number of online gambling ads but it has exempted Google’s lucrative search engine. Wagering firms will still be able to buy “sponsored” results on some search terms.

News Corp is dumping Foxtel

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Talking Business #28 interview with Paul Koopmans from Worldpay

Thu, 08 Aug 2024 21:00:22 GMT

On Monday, the global stock markets were crashing (until they weren’t). Market volatility is now the new trend, reminiscent of 1987 crash and the 2000 tech wreck.

Elon Musk sues Unilever and Mars for conspiring to boycott X and deprive it of revenue. When it gets to trial, he can explain to the judge why he told advertisers to “go f… the selves.”

RBA rules out interest rate cuts for the next six months.

You would think getting the Productivity Commission to analyse Ausrtalia’s struggles to build enough new homes would be the thing a smart government would do before boldly announcing a plan to build 1.2m new homes.

Calls for a royal commission into the CFMEU, with the Business Council of Australia warning an administrator is “wholly inadequate” to investigate the union’s misconduct.

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Talking Business #27 Interview with Fred Thiele from Interactive

Thu, 01 Aug 2024 21:00:23 GMT

Kamala Harris is raising money in record breaking amounts.

HUGE relief to the RBA Board. Australia’s Q2 headline CPI inflation in line with market expectations. The big surprise was trimmed mean inflation. It undershot expectations to come in at 3.9%, down from 4% in March.

Rex officially goes into administration, regional routes still running.

Australia’s top companies face lower profits this earnings season

New Workplace Relations Minister Murray Watt predicts it will take years for the CFMEU to fully reform itself

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Talking Business #26: Interview with Sonia Shwabsky from Kwik Kopy

Thu, 25 Jul 2024 21:00:31 GMT

What does the market anticipate in a potential Kamala Harris presidency?

Reserve Bank of Australia governor Michele Bullock has warned that rapidly rising building costs are keeping inflation in Australia higher than overseas

Calling CrowdStrike!! What’s the plan on reimbursing everyone for the lost revenue?? This outage cost the global economy billions of dollars so far.

Oxford Economics warns Australia’s housing supply and affordability crisis is likely to deepen and will remain a “chronic” issue.

Insolvencies in the building and construction sector are already level with pre-Covid-19 calendar year totals, and numbers are set to exceed historical highs

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Talking Business #25 Interview with Alex Perry from Sharewise

Thu, 18 Jul 2024 21:00:37 GMT

The markets are waking up to the prospect of Trump winning the election following the assassination attempt. That means tax cuts, tariffs and de-regulation. There is also heightened political risk which may add to volatility.

A group of ultra wealthy people are donating millions to a super PAC backing Donald Trump for President. Elon Musk is leading the charge with $US45 million per month to get Trump elected.

The International Monetary Fund has warned that high inflation is proving more persistent than expected, potentially forcing central banks to keep interest rates higher for even longer than predicted.

The Labor government will appoint an administrator to fix CFMEU, saying it doesn’t want to deregister them like Labor PM Hawke did to the BLF, not mentioning that the CFMEU was created out of the BLF.

Qantas boss says Australia can’t sustain more than three airlines.

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Talking Business #24 Interview with Leslie Chong from Imugene

Thu, 11 Jul 2024 21:00:35 GMT

Euro recovers as left-wing coalition leads in French legislative election, financial concerns loom.

Australia has some of the worst real wage growth of the OECD’s 38 member nations, lagging behind the United Kingdom, United States and Canada, exposing the federal government’s struggle to deliver on its election commitment to get real wages moving as inflation remains high.

AUSTRAC Chief Executive Brendan Thomas says luxury goods, along with cash and real estate, are “highly effective” for laundering money.

NDIS Minister Bill Shorten will ban sex workers from being accessed using NDIS funding.

Investment chiefs from Australia’s biggest superannuation funds say they will not bankroll Opposition Leader Peter Dutton’s nuclear power plan.

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Talking Business #23 Interview with Deborah Rathjen from Carina

Thu, 04 Jul 2024 21:00:31 GMT

Goldman Sachs and Morgan Stanley are among those taking a fresh look at how a Donald Trump victory in November could play out in the bond market, urging clients to position for inflation & higher long-term bond yields.

Bank for International Settlements warns central banks to avoid cutting interest rates too soon owing to the risk of a fresh flare-up in inflation.

Warnings that the pain of this economic downturn will be more widespread and hit consumers harder than the GFC, and the rise in company collapses may soon spread from small to large firms.

A new report says artificial intelligence won’t destroy jobs but will create 200,000 news ones in Australia by 2030.

The Australian Securities and Investments Commission has found that the construction sector remains by far the single largest category of insolvency.

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Talking Business#22: Interview with Scott O'Neill from Rethink Investing

Thu, 27 Jun 2024 21:00:09 GMT

Australia’s monthly inflation rate increased to its highest level in 2024 in the latest indication that the Reserve Bank won’t be cutting interest rates soon and might yet hike again.

Woolworths and Coles face billion-dollar fines under stronger grocery code

The Liberals are furious with Matt Kean after he rejected their claims for Nuclear Power. He is head of a new peak climate group.

New research shows Australian households are saving much less than their global peers as mortgage repayments and tax bracket creep eat into disposable incomes .

Pharmacists have labelled as “insulting” the Albanese government’s deal with the Greens to make pharmacies the sole supplier of vapes, saying they are not tobacconists or “garbage collectors”.

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Talking Business #21 Interview with Anthony McClure from Silver Mines

Thu, 20 Jun 2024 21:08:58 GMT

"Yes, Everyone Really Is Sick a Lot More Often After Covid" It's not your imagination: Around the world, people really are getting sick more often than before the pandemic.

The Reserve Bank of Australia keeps interest rates at 4.35% with potential hikes if inflation persists amid economic uncertainty, slow growth and federal and state government budget spending stoking inflation.

The Albanese government will introduce laws to split the CFMEU and allow its manufacturing division to leave the union in response to John Setka’s war with the AFL over the past week

Bupa Australia plan to open up to health hubs providing GP services, allied health and pathology to deliver flexible, convenient healthcare options for Australians and take pressure off EDs.

One of Gil McLachlan's new jobs is at Blackstone, which advises Crown and where the chairman of private equity is his cousin. Potential conflicts aside, that, his other job is as CEO of Tabcorp so soon after leaving the AFL.

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Talking Business #21 Interview with Anthony McClure from Silver Mines

Thu, 20 Jun 2024 21:00:26 GMT

"Yes, Everyone Really Is Sick a Lot More Often After Covid" It's not your imagination: Around the world, people really are getting sick more often than before the pandemic.

The Albanese government will introduce laws to split the CFMEU and allow its manufacturing division to leave the union in response to John Setka’s war with the AFL over the past week

Bupa Australia plan to open up to health hubs providing GP services, allied health and pathology to deliver flexible, convenient healthcare options for Australians and take pressure off EDs.

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Talking Business #20 Interview with Chris McNamara from Remote

Thu, 13 Jun 2024 21:00:23 GMT

Peter Costello resigns. He is succeeded by Catherine West, a former Murdoch executive with Sky in the UK.

The Chemist Warehouse-Sigma merger will give the company nearly half the market.

Bain bids $1.83 billion for Bapcor amid market challenges.

Bonza’s administrators sacks all staff as prospects for a sale dry up.

Lion, one of the largest drinks groups in the world, intends shutting a craft brewery in inner Sydney that has been operating for 36 years. Rising costs, a shrinking beer market and consumer spending cutbacks have taken their toll.

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Talking Business #19 Interview with Prakash Ramamurthy from Freshworks

Thu, 06 Jun 2024 21:00:20 GMT

Rupert Murdoch locks in his fifth marriage (and his molecular biologist wife her third marriage). Just the odds!

Australia’s GDP growth for the March quarter was an anaemic 0.1% So annual growth has slipped to 1.1%. Australia remains in a per capita recession as we have been since late 202

Yoga instructors, martial artists and dog handlers have beaten some construction trades to a spot on the government’s draft priority skills list for migrants, despite the dire need for workers to tackle Australia’s housing crisis.

Fair Work Commission warns that stalled productivity and falling profits in Australia’s retail and hospitality industries remain barriers to reversing the fall in real wages since the pandemic

Australian business failures tracking at the highest rate since the aftermath of the global financial crisis combined with mortgage and cost of living pressures are seeing a rapidly rising number of personal insolvencies.

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Talking Business #18 Interview with Steven McKeon from MacNerd

Thu, 30 May 2024 21:00:57 GMT

Inflation has risen for a second month to 3.6% in the year to April, confounding expectations that consumer price growth would restart its downward trend:

Lend Lease exits overseas markets, waving the white flag and finally agreeing with what investors have told it for years: it’s just too hard.

Research has found that migrants in Australia are driving Ubers and not working in skilled jobs.

Australian business failures are tracking the highest rates since the aftermath of the Global Financial Crisis.

Sexual harassment and workplace scandals at Nine Entertainment and Country Road.

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Talking Business #17 Interview with Brad Adams from Rare Foods Australia

Thu, 23 May 2024 21:00:00 GMT

RBA minutes confirm a tightening bias, but it's reluctant to hike. This, as consumer sentiment remains deeply pessimistic with just over half expecting rate rises to resume over the next 12 months.

Macquarie Group economists estimate there is a 50% chance of recession this year, as the “trap” of high migration unwinds and high interest rates leave the private sector in “stagnation”.

A setback for Peter Dutton’s nuclear energy plans with the CSIRO estimating the nation’s first large-scale nuclear power plant could cost as much as $17 billion in today’s dollars, and would not be operational until at least 2040.

Liberal Senator Linda Reynolds and her former staffer Brittany Higgins fail to reach an agreement in a second round of mediation.

Telstra slashes its workforce by 9%.

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Talking Business #16 Interview with Nick Smith from Smart Commmunications

Thu, 16 May 2024 21:00:07 GMT

Chalrmer’s election budget promises inflation will give voters a Christmas by returning to the RBA’s 2-3% target by the end of the year. The question is whether the RBA agrees.

Small business is likely to be underwhelmed by the Budget which only announced investment initiatives for select industries only.

A big victory for Elon Musk. An Australian federal court judge has shut down the Australian eSafety Commissioner's argument in its legal battle against 𝕏 over a global takedown order calling for the removal of videos.

Anglo American has rejected an improved takeover offer from BHP valued at around $42.7 billion.

PwC says it’s not liable for a boss rape.

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Talking Business #15 Interview with Angela Ferguson from Future X Collective

Thu, 09 May 2024 21:00:10 GMT

Higher for longer and rates might go up again: That's the message we’ve got from the Reserve Bank of Australia on interest rates.

Rating agencies have put the Victorian government on notice after it revealed state debt would climb to $188 billion in a budget that failed to cut spending

The scale of the Bonza collapse has been revealed in court with almost 60,000 customers affected and lawyers claiming they would need a stadium to hold the thousands of creditors.

Perpetual will be broken up and its 138-year-old name sold to private equity giant KKR as part of the biggest overhaul in its history.

The Australian Taxation Office is ramping up action against company directors as it chases $2.5 billion in unpaid taxes from businesses that have failed to pay superannuation, pass on GST or pass on income tax of employees.

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Talking Business # 14 Interview with Ben Weiss from Olliv

Thu, 02 May 2024 21:00:45 GMT

The cheap Aussie airline Bonza, which is majority owned by Florida-based private investment firm 777 Partners, has appointed a voluntary administrator to run the discount regional airline after the company behind its aircraft provider repossessed its planes in Australia

Star Entertainment chair David Foster latest to depart amid Sydney casino inquiry.

Twitter Australia is expected to be wound up by the end of 2024 after new documents filed with the corporate regulator show it reported just $3.4 million in revenue in the first half of 2023, plunging more than 80%

The corporate watchdog has raided a Gold Coast-based cryptocurrency miner, which allegedly encouraged investors to put their super into crypto products without a financial licence, amid fears $62 million put in by savers would disappear.

The growing scandals now swirling around leading shopping giant Super Retail Group is quickly turning into a soap opera with fresh accusations of a cover up of an alleged undisclosed affair between Super Retail chief executive Anthony Heraghty and his former head of human resources.

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Talking Business #13 Inrterview with Tim Gaspar from Hatch Financial Services

Thu, 25 Apr 2024 21:00:04 GMT

Australia’s inflation comes in higher than expected at 3.6%. Service inflation is the main culprit holding back progress. Insurance premiums jumped by their most in 23 years, rents grew at their fastest annual pace face in 15 years, and education fees saw their largest quarterly rise in 12 years. You can forget about a rate cut this year!

Australia will cut the growth outlook for most major economies, including key trading partner China, when it releases its budget next month.

Free-to-air broadcasters are preparing for a furious lobbying effort to change proposed laws that put at risk one of their crucial sources of revenue, live sport, as new figures show young viewers have all but switched off their networks.

Major supermarkets are accused of confusing and potentially misleading consumers with promotional labels which do not always reflect genuine discounts as Australians continue to struggle with the rising cost of groceries.

The federal government’s eSafety commissioner won an emergency injunction in the Federal Court late Monday to force Elon Musk’s X to remove videos of last week’s Sydney terrorist attack after the billionaire mocked earlier take-down demands.

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Talking Business #12 Interview with Justin Seskin from The Dom

Thu, 18 Apr 2024 21:00:15 GMT

Tesla is slashing headcount by more than 10%, or 140,000 jobs, as part of a global retrenchment extending all the way into its executive ranks as the carmaker struggles with slowing demand for electric vehicles.

Outgoing Woolworths boss Brad Banducci was threatened with six months in jail for contempt of the Senate after he refused to directly answer questions about a profit metric, in a fiery Greens-led Senate hearing that went off the rails on Tuesday. Greens are accused of grandstanding instead of focusing on cost of living.

Leading defamation lawyers and academics say Bruce Lehrmann’s spectacular defamation defeat will make high-profile litigants think twice before rushing to court to redeem their reputations.

Star Entertainment’s chairman and former chief executive privately schemed to wage war on the casino regulator and considered engaging shareholders in a class action against a NSW government-appointed manager.

Major Australian media companies reeling from the prospect of losing $300 million in advertising revenue from a government crackdown on gambling advertising now face an even more expensive blow from a possible ban on junk food ads.

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Talking Business #11 Interview with Paul Bevan from Magic Valley

Thu, 11 Apr 2024 21:00:04 GMT

In an important report, the IMF has found Australian households are more sensitive to changes in interest rates than virtually any other consumers globally because of the dominance of variable-rate mortgages, high levels of household debt and lax lending rules.

The Albanese government will push insurers to cut costs for households that take steps to reduce their risks amid soaring double-digit premium growth that is expected to continue in 2024.

Craig Emerson's interim report into the behaviour of big supermarkets recommends massive fines for those who abuse their buying power to unfairly treat farmgate suppliers.

Seven’s investigative program, Spotlight, will make its return on Sunday April 14. That’s despite concerns the fact the beleaguered current affairs show could be hit by a public backlash over scandalous claims that emerged about the network last week.

The head of Mayfair, James Mawhinney, who has been charged with four counts of engaging in dishonest conduct, faces a lengthy time in jail.

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Talking Business#10 Interview with Aaron McEwan from Gartner

Thu, 04 Apr 2024 20:18:30 GMT

In an extraordinary development in the Lehmann vs Ten defamation case, a former producer on Seven’s Spotlight program besmirched Bruce Lehrmann’s credibility by alleging he had received perks totalling tens of thousands of dollars including a $361 steak and reimbursement for the cost of sex workers and illicit drugs before he signed an exclusive interview deal with the network.

Paula Hitchcock says she regularly attended the billionaire Pratt family’s weekly Shabbat at the invitation of her biological father, Richard Pratt, and his wife Jeanne.

The Australian economy is in the middle of a “perfect storm” with insolvencies rising to an almost decade high last month as businesses struggle with crushing debt and a shortage of cash.

One of Australia’s top green energy superpower advocates says it is unclear whether the nation has a comparative advantage in the solar panel industry that the Albanese government is propping up with $1 billion of support, including in regions facing the likely loss of thousands of coal-fired power station workers, some earning up to $170,000.

British Formula One racing team McLaren has teamed up with the Great Barrier Reef Foundation to help accelerate the restoration of coral on one of Australia’s biggest tourism drawcards.

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Talking Business # 10 Interview with Aaron McEwan from Gasrtner

Thu, 04 Apr 2024 20:00:13 GMT

Paula Hitchcock says she regularly attended the billionaire Pratt family’s weekly Shabbat at the invitation of her biological father, Richard Pratt, and his wife Jeanne.

The Australian economy is in the middle of a “perfect storm” with insolvencies rising to an almost decade high last month as businesses struggle with crushing debt and a shortage of cash.

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British Formula One racing team McLaren has teamed up with the Great Barrier Reef Foundation to help accelerate the restoration of coral on one of Australia’s biggest tourism drawcards.

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Talking Business #9 Interview with Matt Drum from Ndevr

Thu, 28 Mar 2024 20:00:20 GMT

Data from research firms show the number of people using X daily is falling, more than a year after tech billionaire Elon Musk bought the app formerly known as Twitter.

Australian unions will push for a 5% increase to the minimum wage for more than 2.9 million workers, while employers will demand a major pay slowdown to offset record increases that “overcompensated” for inflation.

Jacqui Lambie will demand the Liberals agree to boost transparency in Tasmania’s political system, and rethink plans for a $715 million AFL stadium in Hobart, in exchange for a deal to return Premier Jeremy Rockliff to power.

Peter Dutton has committed the Coalition to develop laws that could extend to forcibly breaking up Coles and Woolworths. Basically, he has stopped the Nationals working with the Greens to rein in supermarket power, telling Coalition MPs that the Coalition will not use the Greens for economic leadership.

Despite worsening affordability, rising cost of living and rate hikes, CoreLogic data shows that property prices rose 8.9% in February driving up the cost of rent way over inflation, thanks to the undersupply of housing and high migration.

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Talking Business #8 Interview with Neil Woolrich from Gartner

Thu, 21 Mar 2024 20:00:50 GMT

The RBA keeps rates on hold but says the board isn’t “ruling anything in or out” on interest rates.

A new report forecasts housing supply to fall off a cliff over the next two years putting the Australian government further behind its ambitious housing targets.

Uber will pay over $272 million to Australian taxi drivers to compensate them for lost income because it entered the Australian market.

Australia’s second biggest telco, Optus, could be partially offloaded to the Canadian private equity titan in a blockbuster deal valuing the company at $16bn. It will be the biggest foreign investor to foreign investor sale in Australian history.

Corporate Australia risks heightening Australia’s skill shortage as a chunk of large businesses look to slash learning and development budgets this year to combat a deterioration in the economy.

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Talking Business #7 Interview with Tim Rossanis from Turo

Thu, 14 Mar 2024 20:00:48 GMT

Much to the dismay of Fed Chair Powell, US CPI is HOT. Headline CPI inflation increased 3.2% Y/Y, accelerating from 3.1% in January. After this data, Fed rate futures are pricing in only 1% odds of a rate cut at the next FOMC meeting. It also dents Biden’s re-election chances.

CreditorWatch has warned more businesses will go under in the coming months as cost pressures from interest rates, inflation, wages and labour shortages bite deeper with payment defaults hitting a record high in February.

Billionaires such as Clive Palmer and Mike Cannon-Brookes will have their influence on politics dramatically curtailed as Labor moves to remove big money donations in the biggest shake-up to Australian election rules in a generation.

Wealthier Australians will pay more for aged care under a long-awaited government review, which calls for retirees to make rental contributions instead of large lump sum deposits to live in nursing homes.

Opposition Leader Peter Dutton amplifies his case for nuclear to play a central role in Australia reducing its emissions.

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Talking Business #6 Interview with Isaac Wolfe from Real Essentials

Thu, 07 Mar 2024 20:00:53 GMT

China sets ambitious economic growth target of ‘around 5%’ for 2024, as leaders aim to restore confidence in faltering economy.

Rocked by a series of money-laundering scandals, Australia’s casinos are looking beyond hard core gaming to a safer bet – tourists.

Business-related personal insolvencies are on the rise, as personal guarantees catch up with directors of previously wound-up businesses.

Australia’s cost-of-living crisis appears to be easing on several fronts but one key household expense continues to climb sharply and painfully: insurance.

The possibility of an ACCC investigation of the big four has emerged during an inquiry into the sector due to concerns their behaviour in the audit market resembles an “oligopoly”

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Talking Business #5 Interview with Richard Kirkman from Veolia

Thu, 29 Feb 2024 20:00:37 GMT

Universities could soon be facing major funding changes as the biggest review of the sector in decades calls for a radical reshaping of the tertiary education sector.

The tax office is investigating a suspected $180 million tax fraud by a top formwork contractor in the construction industry that could end up as the biggest tax fraud in Australian corporate history.

Australia’s big four consulting firms have seen the value of contracts awarded by the Commonwealth nearly halve in value following the federal government’s cold war against the sector after the PwC tax scandal.

French building giant Saint-Gobain has sealed a $4.32bn takeover offer for CSR that includes accepting liability for the Australian company’s asbestos claims.

Optus is laying off almost 200 staff from the company after cutting 600 jobs last year which the union says had a major impact during the telco’s national outage in November.

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Talking Business #4 Interview with Matt Vitale from Birchal

Thu, 22 Feb 2024 20:00:22 GMT

The banking oligopoly looks to be entrenched. It seems that the takeover of Suncorp bank by ANZ allowed by the Competition Tribunal despite ACCC objections. Competition law in Australia is a joke.

Research undertaken by the OECD has concluded that those parts of the country with the highest level of migrants tend to have the highest productivity.

Four Corners reveals that Coles and Woolworths have been profiting from higher prices at the check-out, despite repeated assurances from the supermarket giants that they’re doing everything in their power to keep grocery bills down.

Star Entertainment is on the verge of losing a lucrative licence to operate one of two Sydney casinos after the NSW regulator launched an independent inquiry into whether the company had fixed major cultural failures.

Seven Group, headed by billionaire Kerry Stokes and his family, already owns nearly 72% of Boral, and the bid is designed to mop up the rest of the company.

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Talking Business #3 Intervie with Nina Webster from Dimerix

Thu, 15 Feb 2024 20:00:06 GMT

Sydney house prices force thousands of young families out of NSW, productivity commission says.

At least 150 Australian Tax Office officials have been implicated in the TikTok tax fraud where tens of thousands of Australians learned how to game collecting GST.

Australia is going after X. Communications minster, Rowland warns that when new laws are introduced X faces fines for 5% of annual turnover if they don’t stop mis and dis- information

Australian senators say they have “no confidence” and are “worried” about PwC’s ethical practices as it continues to withhold a global report on its misuse of government information from the inquiry into consulting services

What to make of the sudden departure of more top female talent from Australia Post’s executive team

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Talking Business#2 Interview with Dr Ron Weinberger from EMVision

Thu, 08 Feb 2024 20:00:43 GMT

Although the RBA maintained its cash rate at a 12-year high of 4.35% — as predicted by economists – its quarterly forecasts showed inflation will only hit the midpoint of its 2-3% target band in 2026. Looks like interest rate cuts could be some time away.

Utes, four-wheel drives and other light commercial vehicles could be phased or priced out of the market under Chris Bowen’s long awaited vehicle efficiency standards.

A PwC partner that the firm incorrectly publicly linked to its tax leaks scandal is planning to sue it for defamation after mediation talks between the parties fell apart.

Renewable energy developers are facing a new ratings system to weed out “cowboys” from the industry,

The deputy chair of the corporate regulator has warned the financial sector may not have learned the lessons of the landmark Hayne royal commission, noting many companies continue to make similar mistakes in dealing with customers.

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Talking Business#1 Interview with Steph Shatz from Second Nature Program

Thu, 01 Feb 2024 20:00:10 GMT

Hong Kong court orders liquidation of troubled Evergrande echoing Lehman Brothers' collapse. Banks, suppliers, and property owners in China take a massive hit. The real estate crisis poses a threat to its economy's recovery.

Experts say Changes to Stage 3 means the government is aligning better to tax design principles and relieves pressure on families disproportionately affected by the cost-of-living crisis.

Assistant Treasurer Stephen Jones says the government is not done yet with its response to the PwC tax scandal, with more reforms on the horizon to take on the big four audit firms.

Analysts warn the nation’s top supermarkets, Woolworths and Coles, could undershoot profit expectations over the next two years

Australian Retail sales slump in December in a hangover from Black Friday.

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Talking Business #45 Interview with Ben Pfisterer from Zeller

Thu, 14 Dec 2023 20:00:36 GMT

What does Chemist Warehouse's Australian merger mean?

The long-term cost of the federal government’s debt interest bill has blown out by $80 billion since the May budget, overtaking the NDIS.

Australia’s insurance giants warn premium costs will spiral beyond the reach of more households unless homes are relocated from high-risk areas & planning laws consider natural disasters.

Luxury property, cars, boats and cash worth $110 million have been seized from the country’s biggest money-laundering ring by Australian Federal Police.

Morry Schwartz steps aside as chairman of independent publisher Schwartz Media. His contribution to Australian media has been enormous, and so many owe him so much, both as writers and readers

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Talking Business #44 Interview with Tom Cornell from HireVue

Thu, 30 Nov 2023 20:00:02 GMT

Chalmers appoints Bank of England economist Andrew Hauser as the next deputy governor of the RBA, a rare external appointment of an expert who will help shepherd the central bank through its biggest changes in decade

Fallen war hero Ben Roberts-Smith has been dealt another huge blow, ordered to pay more costs in his failed defamation trial.

ASX-listed Seven West Media’s TV network will continue paying the rent of former Liberal staffer and accused rapist Bruce Lehrmann in Sydney until June next year

The millions of Australians and thousands of businesses left without phone and internet service during the crippling Optus outage are being asked to make submissions to a government-led review,

Australia becomes the first country to limit vaping.

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Talking Business #43 Interview with David Fairfull from Metigy

Thu, 23 Nov 2023 20:00:43 GMT

Sam Altman is back at OpenAI as CEO, Greg Brockman, and the rest of the team is reinstated. Guess what? Open AI has new board members.

Fresh RBA minutes from its Melbourne Cup Day meeting revealed the central bank had left the door open for further rate hikes should inflation prove persistent.

Kelly Bayer Rosemarie has stood down as OPTUS CEO. She should get a generous payout as she goes. Say about 200 Terabytes of OPTUS mobile data?

Iconic Australia hatmaker Akubra is set to change ownership for the first time in five generations after being snapped up by Andrew Forrest.

Australia’s top housing markets will see falls next year as interest rate hikes hit households just as the economy slows, according to forecaster SQM Research

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Talking Business#42 Interview with David Chinn from Lexer

Thu, 16 Nov 2023 20:00:43 GMT

Moody's changes the outlook of America's debt to negative, putting the US one step closer to losing its last perfect credit rating.

Fears of soaring prices and shortages as Australian Federal Police investigate a major cyber-attack against Australia's ports.

Optus, Telstra and other major telco boards required to sign off on a new or updated cyber risk management program every year or face hundreds of thousands of dollars in penalties.

Singtel-owned Optus says routine software upgrade caused the massive 14-hour network outage. A network shouldn't implode so spectacularly because a software upgrade was run.

The opposition of Australia's biggest super fund to the Brookfield bid for Origin virtually ensures the deal won’t get up.

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Talking Business #41 Interview with Steve Orenstein from Zoom2U

Thu, 09 Nov 2023 20:00:33 GMT

Europe's PMI stats signal looming recession - darkest forecast since the financial meltdown & COVID slump.

Unlucky 13. We have seen the 13th increase in official interest rates by the RBA since May last year. Cash rate now at 4.35%

The number of Australian companies that collapsed in October soared 43%.

ASIC sues TelstraSuper for failing more than 200 times to respond to customer complaints. It’s the first time a retirement fund has been sued for this type of alleged misconduct.

Sydney jewellery shop and its owner ordered to pay a record amount of general damages for sexual harassment

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Talking Business #40 Interview with Scott McKinnel from Tenable

Thu, 02 Nov 2023 20:00:29 GMT

The World Bank is warning that even a small disruption to crude supplies due to escalating Middle Eastern conflict could remove between 500,000 and 2 million barrels a day from global markets and reach $157 a barrel.

A massive trade deal between Australia and the European Union appears all but doomed after "endgame" negotiations between the two sides collapsed before they even began.

Deloitte report finds Australia’s insurance industry was underprepared for floods that lashed the east coast last year, with antiquated technology and a lack of skilled staff, tradies and materials turning the disaster into a gruelling experience for many of its customers.

Qantas refutes claims it knowingly sold tickets for flights which were never planned to depart, in the embattled airline's first legal response to the ACCC's bombshell court action.

Watch out for those ASX zombie companies warns KPMG.

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Talking Business #39 Interview with Sonia Shwabsky from KwikKopy

Thu, 26 Oct 2023 20:00:19 GMT

Central banks are losing the fight against inflation. The 2 Year Treasury Bond, one of the benchmarks of whether Inflation is rising or declining, has hit a 16 year high with a Yield of 5.02%.

Being rich is my superpower’ Tapes reveal cardboard mogul Anthony Pratt paying monthly retainers of $25K to Paul Keating and $8k to Tony Abbott while Prince Charles received $182,000 in 2021. Pratt also bought access to Trump.

Uber’s surge plan to bring 10,000 electric vehicles into Australia.

Barriers to women fully participating in the workforce are costing the Australian economy $128 billion.

Major proxy advisers recommend investors reject Qantas’ executive pay scheme and have demanded more details over why the board has not sanctioned the airline’s management financially over an adverse High Court ruling and its flight credits saga.

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Talking Business #38 Interview with Rani Wynn from LiveScore Group

Thu, 19 Oct 2023 20:00:11 GMT

Australia's eSafety commission fines Elon Musk's X $610,500 for failing to meet anti-child-abuse standards.

A new cloud forms over global economy as Middle East conflict threatens recovery, warns IMF chief.

Cryptocurrency advocates are tipping the price of bitcoin to reach $US100,000 within the next five years.

By the time the Yes campaign kicked off its final, multimillion-dollar advertising blitz, it was too late – opponents of a Voice to parliament had been running consistent, targeted messages in key states for more than eight months.’

Big story that could ripple into the future: Australia's richest woman Gina Rinehart raided lithium miner Liontown's shares so hard it scared off a US suitor.

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Talking Business #37 Interview with Robert Wilkinson from Cyber Marathon Solutions

Thu, 12 Oct 2023 20:00:46 GMT

Virgin surfs post-COVID boom to first profit in 11 years.

The Israel-Hamas war sends Aussie petrol prices skyrocketing.

Senate committee suggests the Albanese government denied Qatar Airways more flights into Australia to protect Qantas’ market share and keep airfares high.

The big four banks slash 2000 jobs.

Boral says spiking electricity prices and Australia’s patchy energy transition are prompting the country’s biggest cement, concrete and asphalt producer to temporarily halt manufacturing.

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Talking Business #36 Interview with Mohan Jesudason from X2M Connect

Thu, 05 Oct 2023 20:00:33 GMT

Australian construction sector insolvencies have surged over the past three months as costs for everything from materials to insurance continue to blight the troubled $360bn industry.

ACCC report finds the average Australian family with two children under three is spending up to 16% of their household income on child care, ranking Australia 26th out of 32 countries in the OECD.

Coal power hits a new low in Australia when rooftop solar supplies 51% of total demand on the National Electricity Market

Australian colleges that target international students will be banned from paying commissions to agents who facilitate poaching from universities and other colleges, under reforms to limit widespread rorting of the visa system.

The South African owners of Country Road Group plans to open new stores and potentially expand overseas

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Talking Business #35 Interview with Jon Pilcher from Neuren Pharmaceuticals

Thu, 28 Sep 2023 21:00:45 GMT

Soaring petrol prices pushed inflation higher in August

Rupert Murdoch will be entitled to pension benefits worth nearly $219 million from his US operation Fox Corp.

Super fund HESTA warns the largest listed companies it intends to vote against male directors of boards with low female representation.

Qantas shareholders have demanded chairman Richard Goyder's resignation and placed the rest of the airline's board on notice

Council of Financial Regulators warns about the impact of the China slowdown on Australia.

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Talking Business#34 Interview with Ivan Curic from Domain

Thu, 21 Sep 2023 21:00:20 GMT

Cyber criminals already using generative artificial intelligence to craft more persuasive scams

ASIC warns that company directors could be in breach of their duties if their companies fail to adequately deal with cyberattacks

Research reveals that almost every person in NSW and Queensland was hit with a natural disaster in the past 12 months

Qantas chairman Richard Goyder faces a fresh battle to keep his job after a leading industry group called for his dismissal over a board decision to engage Boston Consulting Grou

The average chief executive pay at some of Australia’s biggest companies is more than $5m, and dozens received double-digit salary increases, according to annual reports and other information released during the recent profit reporting season

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Talking Business #33 Interview with Belinda Sinclair from Domain

Thu, 14 Sep 2023 21:00:47 GMT

World leaders agree a strategic effort to counterbalance Chinese influence

Prized Australian tourism and holiday destination Hamilton Island looks set to sell with its current owners understood to be discussing the move.

News Corp CEO Robert Thomson warns AI will create a "tsunami" of job losses at publishers.

Gina Rinehart has not ruled out launching a bid to rival Albemarle’s $6.6 billion takeover tilt at Liontown Resources after confirming she now holds a strategic stake close to 8% in the West Australian lithium prize.

CSL targets $33bn asthma market with new drug

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Talking Business#32 Interview with Angus Ferguson from Domain

Thu, 07 Sep 2023 21:00:57 GMT

Qantas announces that Alan Joyce has stood down as CEO of Qantas early. For the first time, Qantas is ahead of schedule.

Forrest empire exodus spreads with two more CEOs leaving,

The Australian arm of Hilton Worldwide has gone to battle with the Australian Tax Office over allegations that it hasn't paid over $80 million in taxes, penalties and interest.

ASIC takes Westpac to court, alleging it failed to respond to hardship notices in time.

Warnings that hotter, drier days caused by the looming El Nino are forecast to wipe $12 billion off the value of agricultural production this financial year.

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Talking Business Interview with Danielle Harmer from Domain

Thu, 31 Aug 2023 21:00:09 GMT

Qantas CEO Alan Joyce has been grilled over the airline's contribution to the cost of living crisis during an inquiry conducted by the Senate.

The Morrison Government’s Modernising Business Register, designed to save business money, blew out by $2 billion.

460 company directors urge "yes" vote in Voice referendum calling constitutional recognition a critical step towards a more inclusive Australia.

Fortescue Mining boss Fiona Hick leaves as profits fall and dividends cut. Analysts say the lack of explanation of Hick’s departure and the attempt to spin Otranto’s appointment as planned is an insult to investors.

1.5 million (29.2%) Australian mortgage holders were ‘At Risk’ of ‘mortgage stress’ in the three months to July 2023. This period encompassed two interest rate increases of 0.25% taking official interest rates to 4.1% in June.

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Talking Business#30 Interview with Frank Greeff from Domain

Thu, 24 Aug 2023 21:00:43 GMT

China’s $18 trillion economy is decelerating, consumers are downbeat, exports are struggling, prices are falling and more than one in five young people are out of work.

Australia is set to lose it’s AAA credit rating because of ‘Climate Change’

Optus is the most distrusted brand in Australia in the 12 months to June 2023, replacing Facebook/Meta for the first time since Roy Morgan began measuring trust and distrust in 2018.

Telstra, News Corp and Amazon round out the top five

The latest intergenerational report forecasts annual average growth of 2.2% over the next 40 years, which would be the lowest since World War II, and 0.9 percentage points lower than the average annual growth of the past 40 years

Solomon Lew’s Premier considers demerger following CEO Murray’s shock exit

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Talking Business #29 Interview with Rohan Widdison from New Laboratories

Thu, 17 Aug 2023 21:00:32 GMT

Russian rouble falls to 16-month low against US dollar

Major companies like Unilever, Siemens, and Maersk are increasingly turning to artificial intelligence to navigate complex supply chains, address geopolitical tensions, and ensure environmental and human rights compliance.

Australia’s richest person Gina Rinehart committed “egregious fraud” and then lied about it, a trial over billions of dollars in iron ore riches has been told.

Australian home insurance premiums jumped the most in two decades, driven in part by weather catastrophes

A Treasury review into secrecy laws that bind the Tax Office will consider the fallout from a $1.6 billion tax fraud scheme executed via TikTok

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Talking Business #28 Interview with Barb Hyman from Sapia.ai

Thu, 10 Aug 2023 21:00:32 GMT

How far back does the PwC tax leaks scandal go? The battle between the ATO and PwC has been going for at least six years.

Consulting firms caught promoting tax exploitation schemes will be fined up to $780 million, a 100-fold increase, under the Albanese government’s sweeping response to the PwC tax leaks scandal

KPMG overcharged Defence while raking in billions of dollars.

Former supreme court judge Sofronoff and former DPP Drumgold face investigations that could lead to them both having charges brought against them. You can’t make this up.

More than one in 10 firms in the retail, hospitality and construction sectors are at risk of going bankrupt in the next 12 months, according to research from Illion.

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Talking Business #27 Interview with Parry Laxman from Kangarama

Thu, 03 Aug 2023 21:00:56 GMT

Could the RBA’s aggressive rate hike cycle be over?

Electric vehicle sales surge in Australia with more sold in the first half of 2023 than in all of 2022

Ben Roberts-Smith’s key supporters at Seven West Media forced to hand over thousands of documents showing their involvement in the former soldier’s failed defamation case

DFD Rhodes stakes claim on Gina Rinehart's fortune as court hears Lang Hancock 'exaggerated' personal role in iron ore discovery

The number of disgruntled Qantas passengers continues to soar

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Talking Business #26 Interview with Tom Williams from Innovation Consult

Thu, 27 Jul 2023 21:00:56 GMT

Elon Musk’s decision to turn Twitter into X wiped out anywhere between $4 billion and $20 billion in value, according to analysts and brand agencies

Kathryn Campbell quits top defence job after robodebt royal commission report. Let’s see where she turns up next.

Australian home loan delinquency rates are on the rise with 1.41% of all home loans in arrears

Employers have expressed deep dissatisfaction over Tony Burke’s industrial relations reform plan, saying it'll force casual workers to become permanent ones. But is there any truth to this claim?

Atlassian’s⁩ Mike Cannon-Brookes and wife Annie to separate. The second mega billionaire couple in Australia to bust this month.

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Talking Business #25 Interview with Anita Wingrove from Russell Reynolds Associates

Thu, 20 Jul 2023 21:00:15 GMT

New RBA governor Michele Bullock has warned unemployment has to reach 4.5% in the next 18 months to tame persistently high inflation.

Philip Lowe has used his final foray on the world stage to blast governments and political leaders for their indolence on structural reforms to boost productivity growth, imperilling material living standards, worsening income inequality and hollowing out social services.

APRA has brought in CPS 230. Now the regulator talks about the inevitability of cyber breaches

Deloitte Australia's Adam Powick makes a shock admission about his $3.5 million pay packet, more than Australia’s PM.

Andrew Forrest cleared of wrongdoing after Fortescue Metals reviewed anonymous claims of inappropriate behaviour

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Talking Business #24 Interview with Scott McKinnel from Tenable

Thu, 13 Jul 2023 21:00:29 GMT

Meta's Twitter rival Threads overtakes ChatGPT as fastest-growing platform

China on brink of consumer deflation

Kathryn Campbell goes on leave - – a day before the robo-debt royal commission makes its damning findings against her.

Prominent class action lawyer Peter Gordon is seeking compensation for victims of robo-debt, the illegal welfare debt recovery program that he described as “Australia’s Watergate”.

Former public service chief Stephen Sedgwick leads task force investigating whether current and former federal bureaucrats referred to by the rob-debt royal commission should be sanctioned/

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Talking Business#23 Interview with Andrew Curnow from the Me Too Foundation

Thu, 06 Jul 2023 21:00:47 GMT

The RBA holds cash rate at 4.1% but keeps the door open for a rate hike in August, citing ongoing concerns around the trajectory of inflation

PwC finishes up internal investigations into, booting out people. It still faces the Switkowski review, on-going Senate inquiries, the AFP criminal investigation and the potential National Anti-Corruption Commission probe.

In a world first, Australia legalizes psychedelics to treat mental health

Gladys Berejiklian's future in doubt at Optus as Singtel says it has 'zero tolerance' for corruption

Struggling business owners face a “horror show” over the coming months as the taxman circles and operating costs spiral in the wake of a 17% spike in company insolvencies over the past financial year.

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Talking Business #22 Interview with Janty Ayoub from AiiMs

Thu, 29 Jun 2023 21:00:47 GMT

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Legendary American investor Jim Rogers issues a global warning: the next bear market will be the biggest in his lifetime.

After being caught using leaked tax plans, PwC is flogging its lucrative government consulting business - rebranding it “Bell” - to a private equity firm for $1

Barrenjoey warns of $267 billion ‘zombie mortgage’ risk

Social media giants to face multimillion-dollar fines for spreading fake news

Latitude hit with $1 million lawsuit over data breach

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Talking Business#21 Interview with Ross Sharman from EnergyIQ

Thu, 22 Jun 2023 21:00:59 GMT

PwC tax leaks: Parliament demands names of 63 partners and staff caught up in saga

Australian Treasury slammed in ANAO audit for failing to fix country’s the country’s $75 billion black economy

Westpac and ANZ economists believe a per-capita recession – two quarters of negative growth in gross domestic product per person – is likely in the next year

Communications minister Michelle Rowland is seeking a briefing from ABC management about jobs cuts

Greens’ social housing veto raises spectre of double dissolution

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Talking Business#20 Interview with Michael Budd from Amazing People Pictures

Thu, 15 Jun 2023 21:00:37 GMT

Australia’s leading super funds halt future contracts with PwC amid tax scandal fallout

Consumer sentiment at "recessionary levels" - Westpac:

Aged Care Minister Anika Wells says the government has a “genuine duty to deliberate” a levy on taxpayers to help fund a better-aged care system.

Westpac will sack about 300 of its staff in its business and retail banks as part of an ongoing push to reduce its office headcount by 20%.

Qantas has moved to relax its uniform rules, meaning male cabin crew can wear make-up, and women can ditch high heels

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Talking Business#19 Interview with Dr Silvia Pfeiffer from Coviu

Thu, 08 Jun 2023 21:00:29 GMT

The treasurer, Jim Chalmers, has signed the cheque’s death warrant to end its use in Australia by 2030.

Australia's misery index has skyrocketed & is almost on par with the GFC period.

PwC has identified a list of 76 current or former partners associated with its tax leaks scandal, handing over their names to Australian lawmakers

Australian Competition and Consumer Commission Qantas-Virgin Australia duopoly is hurting customers.

The Australian government looking for “a way forward” to compensate families of victims of alleged war crimes in Afghanistan.

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Talking Business#18 Interview with Jim Penman from Jim's Group

Thu, 01 Jun 2023 21:00:36 GMT

Nvidia chief Jensen Huang says AI is creating a ‘new computing era’

The strength of the Qantas brand has been dented by high airfares, negative publicity and performance issues, according to new analysis of the world’s top airlines.

Australians have enthusiastically embraced champagne since the end of lockdowns and Covid-19 restrictions, propelling the nation to become the sixth-largest champagne market in the world.

Many among the 900-strong partnership at PwC Australia fear the firm is descending into a civil war that could take years to recover from.

The ACTU wants the Albanese government’s upcoming same job, same pay laws to target major companies such as CIMIC, Qube, BHP and Qantas for using labour hire-like structures to push down pay.

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Talking Business #17 Interview with Rowan Wilde from HelpPay

Thu, 25 May 2023 21:00:42 GMT

Economists say US can weather ongoing crises, but recession remains on the table

Facebook’s parent Meta has been ordered to pay a record $1.3 billion (€1.2 billion) fine by the European Union, for failing to adhere to the bloc’s stringent privacy rules

UBS says food price inflation is continuing to climb as its Australian supermarket price tracker survey suggests food inflation was 9.3 per cent higher in the year to April.

The Australian government has decided Buy Now Pay Later is credit, placing it under stricter regulations

Growth in the National Disability Insurance Scheme has already exceeded full-year participant forecasts released just months ago, as about 200 people join every day.

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Talking Business #16 Interview with Matt Keon from GenieUs

Thu, 18 May 2023 21:00:42 GMT

Linda Yaccarino: an advertising veteran enters the wild world of Musk’s Twitter

Former RBA Governor Glenn Stevens warns that interest rates are unlikely to fall amid a 'once-in-a-generation' inflation battle

PwC targeted Apple, Google, Microsoft with leaked tax plan

PwC tax leak crisis could see more executive heads roll with corporate veteran Ziggy Switkowski to lead internal probe.

ATO cracking down on landlords and Capital Gains this year. A review found nearly 9 out of 10 landlords are incorrectly claiming expenses.

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Talking Business #15 Interview with Glenn Cross from EZZ Life

Thu, 11 May 2023 21:00:30 GMT

A complete analysis of the Albanese government budget.

Jenny Craig will close its doors after nearly four decades “due to its inability to secure additional financing"

Australia’s 30 largest superannuation funds have increased their exposure to industries with high greenhouse gas emissions, despite many commitments to net zero,

PwC CEO stands down over tax leak scandal. It was inevitable

Airfares are rising at more than twice the rate of inflation , as carriers cash in on surging demand for travel that has defied broader economic headwinds

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Talking Business #14 Interview with Dr Philip Wuth from the Carina Medical and Specialist Centre

Thu, 04 May 2023 21:00:57 GMT

The second largest bank collapse in American history took place as the Biden admin seized First Republic Bank and JP Morgan Chase Bank swooped in to assume all of the deposits for insured and uninsured. The big banks again get bigger with the help of the US government.

RBA surprises with 25 bps rate hike; cash rate raised to 3.85%. Time for a pause or more hikes?

There aren't many female CEOs of airlines in the world. It's a credit to Qantas that a gay Irish man appointed 15 years ago is replaced by a woman.

Financial and crisis counsellors are reporting the highest rates of mental distress they have seen as a growing number of Australians cancel appointments with their psychologists to cut costs

Modelling by Hugh Miller and Laura Dixie from actuarial firm Taylor Fry shows that economic inequality in Australia is at a 70-year high. No longer the “lucky country” for many.

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Talking Business#13 Interview with Tammy Kassiou from Philotimo

Thu, 27 Apr 2023 21:00:31 GMT

Analysis of Fox sacking Tucker Carlson, one week after the settlement with Dominion,

Twitter is adding verified check marks to the accounts of dead celebrities, making them look like paid Twitter Blue subscribers

Central bankers are loading up on gold as geopolitical tensions including the war in Ukraine rise

News Corp co-chairman Lachlan Murdoch’s battle against small news outlet Crikey is set to continue

Almost none of the new and current Reserve Bank of Australia board members have the typical qualifications required to serve on a foreign central bank or to set interest rates, according to economists and former bank officials.

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Talking Business #12 Interview with Mark Fazio from MATE

Thu, 20 Apr 2023 21:00:43 GMT

China will be the top contributor to global growth over the next five years, with its share set to be double that of the US, according to the International Monetary Fund

A last minute settlement has been reached in the defamation lawsuit against Fox News, sparing Murdoch a damaging trial. The settlement comes after the case looked quite horrific from Fox News' standpoint.

Business collapses hit a 3½-year high last month, to jump back above pre-pandemic trends for the first time, as rising interest rates and a cooling economy hurt corporate Australia.

The National Disability Insurance Scheme has “lost its way” and needs a “reboot” says Bill Shorten.

Australians lost a record $3.1 billion to scams in 2022, an 80% increase on total losses recorded in 2021.

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Talking Business#11 Interview with Sharon Morris from Chartered Institute of Procurement & Supply

Thu, 13 Apr 2023 21:00:18 GMT

The International Monetary Fund trims its global growth outlook and warns recession risks have grown on tremors in the banking sector.

Grattan Institute says the Australian government should reduce deficits by redesigning the stage 3 tax cuts, raising the GST to 15%, cutting superannuation tax concessions and reining in the NDIS

Milkrun has gone bust with all staff made redundant.

New home building in Australia has slumped by 27% from its pre-pandemic high of five years ago

Cyber security experts warn the rate at which criminal gangs and state actors are targeting the health care sector is accelerating

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Talking Business#10 Interview with Darren Pauli from Telstra

Thu, 06 Apr 2023 21:00:57 GMT

By cutting oil output so much with Brent close to $100, OPEC+ is gambling with the global economy.

Medicare is haemorrhaging up to $3bn a year in waste, according to a government review.

Local Australian start-up investment cratered in the first quarter of 2023.

Tax breaks on superannuation cost the budget $45b a year. And they'll soon exceed the cost of the age pension according to the Grattan Institute, who are pushing for major reform.

Social media app TikTok banned from Australian government-issued devices over security concerns

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Talking Business#9 Interview with Dr Vincent Candrawinata from Renovatio

Thu, 30 Mar 2023 20:00:59 GMT

After three decades of mostly fast-paced growth, the World Bank warns the global economy may finally be in for a big slowdown.

Analysis of how an American company paid consulting firm Synergy 360 to gain behind-the-scenes support from Liberal MP Stuart Robert to lobby MPs.

The Reserve Bank of Australia review is poised to recommend shaking up the board

Latitude suffered potentially the largest known data breach on a financial institution in Australia.

Brookfield buys Origin, plans to build a fifth of Australia’s renewable needs by 2030

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Talking Business #8 Interview with Ian McAdam from Capsifi

Thu, 23 Mar 2023 20:00:57 GMT

Banking stocks and bonds tumble as initial relief over a historic state-backed rescue of troubled lender Credit Suisse by Swiss rival UBS gives way to new worries about the risks of high-yield debt issued by big banks.

Amazon cuts 9000 more jobs, bringing 2023 total to 27,000

The Five Wives of Rupert Murdoch. Challenging Henry VIII.

IPCC report warns that massive change is needed within the next 10 years to avoid climate catastrophe.

Passport, Medicare numbers taken in Latitude hack

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Talking Business#7 Interview with Dr Sanjay Warrier

Thu, 16 Mar 2023 20:00:02 GMT

China’s efforts to ramp up lithium extraction could see it accounting for nearly a third of the world’s supply by the middle of the decade, according to UBS

Analysing the fallout from the collapse of Silicon Valley Bank

Australian Treasury may block tax advisory firms from winning major government contracts if they do not have robust processes in place to “curb misconduct” in the wake of the PwC tax leak scandal

American NASDAQ-listed cyber security giant Rapid7 fears too few educational opportunities and a lack of public-private sector partnerships could dramatically undermine Australia’s ambitions to be a world leader in cyber security.

Lauren Cranston, the daughter of a former deputy commissioner of the ATO, Michael Cranston has been found guilty of her role in a $105 million tax-fraud conspiracy.

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Talking Business#6 Interview with Andy Squires from Securely

Thu, 09 Mar 2023 20:00:43 GMT

Atlassian cuts 5% of its workforce as tech industry pain intensifies

A slowing Australian economy has stalled women’s financial progress for the first time in a decade as higher interest rates weighed on female employment.

Australian Industry and retail super funds recorded negative annual returns of -5.5% in 2022 compared to 12.9% the year before, as they felt the bite of the broader economic downturn

Rio Tinto will pay a $15 million civil penalty to settle an investigation by the U.S. Securities and Exchange Commission, relating to an alleged bribery scheme

One in three Australians have started a small business or ‘side hustle’ since the start of the COVID-19 pandemic or plan to start one in the next 12 months,

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Talking Business#5 Interview with Dan Frechtling from Boltive

Thu, 02 Mar 2023 20:00:46 GMT

Twitter has laid off at least 200 more workers. The platform now employs less than 2,000, down from 7,500 when Elon Musk took over.

A major supplier to Australia’s biggest supermarkets has been plunged into receivership, putting 1500 jobs at risk and threatening the delivery of food supplies.

Bunnings will launch a new and expanded pets offer next month that will see the biggest single category expansion by the hardware retailer in two decades as it makes a play for the fast-growing pet care and products sector that is worth as much as $10bn.

Qantas has created a 3 way race to replace Alan Joyce when he retires this year.

Australia to establish new coordinator to fight cybercriminals.

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Talking Business#4 Interview with Michael Chetner from Zoom Australia and New Zealand

Thu, 23 Feb 2023 20:00:42 GMT

NAB predicts Australia will be flirting with recession in 2023.

Australian treasurer Jim Chalmers opens door to changing superannuation tax concessions

Homes and businesses in every state on Australia’s eastern seaboard are at risk of electricity shortages from 2027

A report shows Australian universities are underpaying their casual staff. More than $83 million was underpaid in the last three years alone

REA - the cash cow of Australia's digital real estate landscape - has asked staff to go into 'negative leave' to get costs under control

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Talking Business#03 Interview with Scott Agnew from Keller Williams Realty

Thu, 16 Feb 2023 20:00:48 GMT

625 of Twitter's top 1,000 advertisers (including Coca-Cola, Unilever, Jeep, Wells Fargo and Merck) had stopped ads on the platform by late January, according to Pathmatics.

Business leaders believe Treasurer Jim Chalmers will appoint a senior female Canberra mandarin, with a strong Treasury pedigree as the next head of the RBA.

Commonwealth Bank has broken ranks with its main rivals to pause regional branch closures while a parliamentary committee examines the reasons for closures and the community impact, after scores of branches disappeared in the past six months.

Snowy Hydro hit with delays and tunnelling drama, raising questions over the smoothness of the transition in the National Electricity Market with accelerating closure dates being announced for coal power plants.

‘Musk is running rings around you’: NBN grilled over Elon Musk’s Starlink

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Talking Business #02 Interview with Peter Kokkinos from Udemy APAC

Thu, 09 Feb 2023 20:00:29 GMT

Google announces Bard A.I. in response to ChatGPT

Nine hikes and more to come: RBA lifts rates by .25pc, Inflation won’t be anywhere close to the RBA’s target until 2025!

Some 80% of Australia’s large organisations upped their cyber security spend in 2022

NAB Consumer Sentiment Survey shows 4 in 10 Australian consumers have cut back or stopped buying coffees or lunches, car trips to save petrol and entertainment. Consumers

Commonwealth Bank limits access to cheques for business customers.

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Talking Business#01 Interview with Guy Pearson from Ignition

Thu, 02 Feb 2023 20:00:18 GMT

Highly radioactive' tiny capsule lost in Australian desert. Mining giant Rio Tinto says 'sorry'.

Adani Group shares tumble another 20% and now down over $50 billion following a report exposing them for fraud by Hindenburg Research.

We’re not ready for it’: chief scientist warns on ChatGPT. Cathy Foley expects her office will be asked to respond quickly to the potential policy issues raised by the new wave of sophisticated generative AI chatbots

Insurance Australia Group warned it could face a maximum losses of $236m flowing from the Auckland floods

Labor's new national cultural policy - "Revive" - will be used as a $286 million blueprint for the arts for the next five years. It will set up of a new arts investment & advisory body - "Creative Australia" - with $200 million over the next 4 years.

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Talking Business#46 Interview with Andy Thiss from Anaplan ANZ

Thu, 15 Dec 2022 20:00:44 GMT

The gift that no one wants but everyone is getting this year? Inflation. Higher prices are hitting shoppers hard as 2022 comes to a close

Tristar Medical Group 'systematically rorted Medicare over a number of years while authorities failed to act on a series of tip-offs and red flags.

An Australian company will train Ukrainian war veterans in cybersecurity to ward off hackers amid the country’s continuing efforts to defeat Russia.

ANZ admits branches and jobs face the chop post Suncorp deal

Productivity Commission report focuses on ways to address fake 'Indigenous-style' art and protect Aboriginal and Torres Strait Islander artists from exploitation.

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Talking Business#45 Interview with Maureen Barten from Mareen Barten Consulting

Thu, 08 Dec 2022 20:00:28 GMT

Australian company gross operating profits tumble 12.4% In Q3, the biggest fall since at least 1994

Medicare is ill-equipped for 21st century doctor and patient needs, a new Grattan Institute report has found. And it recommends a drastic overhaul of Australia’s universal healthcare system to fix the frontline of general medicine.

Lawyers for Brittany Higgins are pursuing a $3 million civil claim against senators Michaelia Cash and Linda Reynolds.

Perth-based engineering group Clough has collapsed into administration after Italian contractor Webuild pulled the pin on its $350 million proposed acquisition to rescue the business.

Swyftx has fired 90 employees, or 35% of the company’s workforce. This is the second round of redundancies for the crypto has fired 90 employees, or 35% of the company’s workforce.

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Talking Business#44 Interview with Balder Tol from WeWork

Thu, 01 Dec 2022 20:00:23 GMT

Global stocks slide as protests in Chinese cities against the country's strict zero-COVID curbs raise worries about growth expectations in the world's second-largest economy

In less than a month, Elon Musk has driven away Twitter’s top advertisers.

Liquidators can see how an ASX-listed fund named after a dead pirate got its name.

Philip Lowe's, "I’m sorry if people listened to what we said", apology is little comfort to those struggling to pay their mortgage.

The financial services watchdog says Medibank Private should dock executive pay over serious security lapses

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Talking Business#43 Interview with Chris Hutchins from Profectus

Thu, 24 Nov 2022 20:00:24 GMT

COP 27 deal in Egypt leaves out more ambitious commitments of emissions peaking in 2025 and a phase-down of all fossil fuels — not just coal as agreed at COP26 in Glasgow.

ASX dumps its $250 million blockchain experiment. It was only 63% complete after seven years and faced key latency and concurrency issues.

Medibank to face $1 bn compensation bill from damaging cyberattack that hit 10 million customers

Australia’s coal industry reputation in tatters after a whistleblower reveals exporters have been falsifying data to suggest their coal is cleaner in order to increase price.

Australian PwC partner and husband in $3.3 million fraud scheme.

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Talking Business#42 Interview with James Bowe from OwnHome

Thu, 17 Nov 2022 20:00:49 GMT

Jeff Bezos plans to give away most of his $124 billion fortune to charity. Find out who gets the cash.

Omnicom, the massive advertising firm that represents McDonald's, Apple, Unilever, and Johnson & Johnson recommends all its clients stop Twitter ad spending. Analysis of the impact on Twitter

Cannon-Brookes wins historic battle to green up AGL Energy's board. Watch this space.

Deutsche Bank forecasts a recession for Australia in 2023. Just when you thought Australia wouldn’t join the US and Europe.

Medibank class action could end up in High Court.

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Talking Business#41 Interview with Andy Cunningham from Autodesk

Thu, 10 Nov 2022 20:00:34 GMT

Musk now considering putting ALL of Twitter behind a paywall and charging ALL users a subscription fee to use Twitter

Apple warns that China’s zero-Covid policies are hurting iPhone production.

Westpac/MI Australian Consumer Confidence now lower than GFC levels--and aside from March 2020, the lowest since 1990, the last recession.

Russia-backed cybercriminal group REvil.claims responsibility for the hack on Medibank

Crown Melbourne handed record $120 million fine for breaching gambling harm regulations

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Talking Business #40 Interview with Martin Creighan from Citrix

Thu, 03 Nov 2022 20:00:14 GMT

Elon Musk examines paid verification for Twitter and plans mass lay offs

Eurozone inflation has reached 10.7% higher than Britain’s latest CPI figure of 10.1%.

Australian super funds suffering as global recession fears bite.

Qantas pilot Davida Forshaw sues airline amid sexual harassment and discrimination claims

Qantas CEO Alan Joyce’s $4 million pay day faces an investor backlash and possible protest vote

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Talking Business#39 Interview with David Tudehope from Macquarie Telecom Group

Thu, 27 Oct 2022 20:00:00 GMT

Australia’s federal budget will see a massive increase of 56% in electricity costs over the next 18 months.

RBA data shows Australia’s home prices to drop by up to 20%

The latest inflation data from the Australian Bureau of Statistics shows annual inflation was 7.3% for the September quarter, the highest since June 1990.

Australia has joined the Global Methane Pledge, becoming one of the last major developed economies to sign on to an effort to reduce emissions of the potent greenhouse gas 30% from 2020 levels by the end of this decade.

Premier Daniel Andrews plans to restore the SEC in Victoria after 3 decades of privatisation.

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Talking Business#38 Interview with Renee Thornton from Rehab Management

Thu, 20 Oct 2022 20:00:29 GMT

Rupert Murdoch is putting the band together again. News Corp explores merger with Fox Corporation to reunite Murdoch’s empires

Corporate Britain has turned on Liz Truss as MPs are calling on her to resign.

Chinese President Xi Jinping signals no change in direction for two main risk factors dragging down China’s economy — strict COVID-19 rules and housing market policies.

Woolworths’ MyDeal becomes latest target of cyber attack.

Super fund performance continues to slide, forcing investors to make tough choices as traditional diversification strategies fail and inflation becomes a serious problem for the first time in 30 years.

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Talking Business#37 Interview with Oleg Vornik from DroneShield

Thu, 13 Oct 2022 20:00:30 GMT

The IMF points to a growing risk that the global economy will slide into recession next year as households and businesses face 'stormy waters' in most countries

Boris Johnson Inc. Is About to Go Public

The Australian dollar is being steamrolled by world recession fears.

Australian power prices will soar by at least 35% in 2023 amid a choppy energy transition and the closure of coal plants.

CSIRO R&D program tackles growing threat of cyber-attacks facing Australian businesses:

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Talking Business#36 Interview with Ben Gill from BrainBoxAI

Thu, 06 Oct 2022 20:00:07 GMT

The UK lesson of blundering Liz Truss and Kwasi Kwarteng's tax U-turn

Elon Musk proposes to proceed with deal to buy Twitter

Jim Chalmers says the government had not changed its tax policy on the stage three cuts but warns “storm clouds” in the global economy were a major factor in looming decisions on tax and spending

Asic sues Harvey Norman over ads for ‘interest-free’ purchases

Australia's biggest wine group, Treasury Wines, says the under 35 age group leading the charge on moderation in alcohol consumption. Says overall, about 45% of people are seeking out low or no-alcohol wines.

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Talking Business #35 Interview with Martin Filz from Pureprofile

Thu, 29 Sep 2022 21:00:18 GMT

Federal Reserve unsure of US economy’s direction as Wall Street meltdown worsens

British pound plummets to record low against the dollar

Moody’s Analytics lowered its global economic growth forecast to 2.7% for 2022 from 4.2% forecast in January, citing rising stagflation risks worldwide

Rio Tinto is reeling from allegations that a worker in its iron ore operations sexually assaulted a woman and threatened her with a makeshift weapon at one of the miner’s accommodation villages.

Slater and Gordon has announces potential class action against Optus on behalf of current/former customers arising out of the recently announced customer data breach.

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Talking Business#34 Interview with Damien Andreasen from Hi Bob

Thu, 22 Sep 2022 23:46:46 GMT

Central banks are intent on driving the world economy perilously close to a recession.

Mark Zuckerberg’s net worth fell by more than 50% this year as Meta struggles to find a footing in the tech industry.

The RBA will tip Australia into recession and cause a ‘material’ property downturn if it lifts rates as aggressively as expected, Barrenjoey’s Jo Masters says.

Fortescue Executive Chairman, Andrew Forrest rebuts Elon Musk’s criticism over hydrogen.

Australians are the richest people in the world, according to Credit Suisse.

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Talking Business #34 Interview with Damian Andreasen from Hi Bob

Thu, 22 Sep 2022 21:00:55 GMT

Central banks are intent on driving the world economy perilously close to a recession.

Mark Zuckerberg’s net worth fell by more than 50% this year as Meta struggles to find a footing in the tech industry.

The RBA will tip Australia into recession and cause a ‘material’ property downturn if it lifts rates as aggressively as expected, Barrenjoey’s Jo Masters says.

Fortescue Executive Chairman, Andrew Forrest rebuts Elon Musk’s criticism over hydrogen.

Australians are the richest people in the world, according to Credit Suisse.

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Talking Business#34 Interview with Damian Andreasen from HiBob

Thu, 22 Sep 2022 21:00:47 GMT

Central banks are intent on driving the world economy perilously close to a recession.

Mark Zuckerberg’s net worth fell by more than 50% this year as Meta struggles to find a footing in the tech industry.

The RBA will tip Australia into recession and cause a ‘material’ property downturn if it lifts rates as aggressively as expected, Barrenjoey’s Jo Masters says.

Fortescue Executive Chairman, Andrew Forrest rebuts Elon Musk’s criticism over hydrogen.

Australians are the richest people in the world, according to Credit Suisse.

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Talking Business#33 Interview with Jane Livesy from Cognizant

Fri, 16 Sep 2022 01:25:23 GMT

The US inflation rate sits at 8.3% in August, likely keeping the Fed on track for another big rate hike and spooking the markets

Coins bearing the effigy of King Charles will start entering circulation next year, but Andrew Leigh says swapping the Queen for the King on the $5 note is not a given.

Alan Joyce’s last year running Qantas could be the most lucrative in his 14 years as CEO

Cyber insurance premiums soar 80% as claims surge because of ransomware.

Huge surges in cybercrime, including ransoming, fraud and data theft, will leave Australia 30,000 cyber professionals short over the next four years

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Talking Business#33 Interview with Jane Livesey from Cognizant

Thu, 15 Sep 2022 21:00:39 GMT

The US inflation rate declined less than expected to 8.3% in August, likely keeping the Fed on track for another big rate hike

Coins bearing the effigy of King Charles will start entering circulation next year, but Andrew Leigh says swapping the Queen for the King on the $5 note is not a given.

Alan Joyce’s last year running Qantas could be the most lucrative in his 14 years as CEO

Cyber insurance premiums soar 80% as claims surge because of ransomware.

Huge surges in cybercrime, including ransoming, fraud and data theft, will leave Australia 30,000 cyber professionals short over the next four years

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Talking Business#32 Interview with Peter Dassos from franklin.ai

Thu, 08 Sep 2022 21:00:52 GMT

British Pm Liz Truss says cutting the tax burden on the richest would increase the underlying growth rate of the UK.

At least 28 cities tightened Covid restrictions this week in China, including lockdowns, affecting 40 million people. China's economy slipping toward contraction, and bolstering Xi Jinping being appointed China’s leader for another five years.

On-the-spot 10 minute interview: Dan Murphy’s jobs blitz targeting 2200 people around the country.

Australian federal police have created a new unit to target cryptocurrency criminals

Battery electric vehicle sales in Australia have hit a new record, accounting for almost one in 20 new cars sold in August, new figures from the Federal Chamber of Automotive Industries show

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Talking Business#31 Interview with Adam Grusauskas from K5 Creative

Thu, 01 Sep 2022 21:00:38 GMT

Rooting out high inflation will become much harder, officials say, as they confront a new economic era

Prime Minister Anthony Albanese has dismissed calls to scrap nearly $250 billion in tax cuts that would benefit high-income earners.

The global cyber threat environment has intensified and Australia is an increasingly attractive target for malicious actors and cybercriminals, according to a new report.

A jump in Australian business insolvencies as rates rise and creditors more aggressively pursue debts will trigger a spike in illegal phoenix activity, where directors set up new entities to avoid debts.

Fortescue Metals’ new clean energy boss Mark Hutchinson says the geopolitical ructions of the past year will accelerate the energy transition and the company should be selling green hydrogen within three years.

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Talking Business#30 Interview with Frank Meehan from Fiscal Note

Thu, 25 Aug 2022 21:00:23 GMT

Australia’s rapid-fire interest-rate increases are sending tremors through the nation’s heavily indebted households and threatening a property downturn on a scale unseen since the eve of the 1991 recession.

News Corp co-chairman Lachlan Murdoch has filed defamation proceedings against Crikey, a day after the online news outlet went ballistic and challenged the billionaire media mogul to sue it

The price of electric vehicles needs to roughly halve and fall into the $20,000s range before Australians will switch from traditional combustion engine cars, according to Ampol chief executive Matt Halliday.

Solar power has outpaced coal as the number one fuel source in the Australian power grid in August for the first time

The Transport Workers Union (TWU) has called on Qantas CEO, Alan Joyce to resign, after this airline’s apology fell on deaf ears.

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Talking Business#29 Interview with Ian Schubach from Red Leaf

Thu, 18 Aug 2022 21:00:03 GMT

China’s economic slowdown deepened in July as strict Covid Zero measures and a slumping real-estate market threaten the chances of a recovery to a “reasonable” range.

The world’s biggest fund manager, BlackRock, has selected Australia for the rollout of its largest investment in grid-scale batteries - crucial in shift from coal to clean energy.

James Packer has alleged that Peter Costello was secretly paid $300,000 by him or on his behalf to lobby Victoria's gaming minister.

KPMG has “exited” 11 people from the firm for misconduct including bullying, sexual harassment and policy breaches during the past year.

The average weekly fuel cost for Australian motorists has hit $100, after rising an extra $5 a week over the course of the past three months

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Talking Business#29 Interview with Ian Schubach from Red Leaf

Wed, 17 Aug 2022 12:07:28 GMT

China’s economic slowdown deepened in July as strict Covid Zero measures and a slumping real-estate market threaten the chances of a recovery to a “reasonable” range.

The world’s biggest fund manager, BlackRock, has selected Australia for the rollout of its largest investment in grid-scale batteries - crucial in shift from coal to clean energy.

James Packer has alleged that Peter Costello was secretly paid $300,000 by him or on his behalf to lobby Victoria's gaming minister.

KPMG has “exited” 11 people from the firm for misconduct including bullying, sexual harassment and policy breaches during the past year.

The average weekly fuel cost for Australian motorists has hit $100, after rising an extra $5 a week over the course of the past three months

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Talking Business#28Interview with Chris Adams from Ellis Adams Group

Thu, 11 Aug 2022 21:00:46 GMT

RBA’s ‘whatever it takes’ attitude will cause a recession: ACTU

Australia will see 11% of jobs lost to automation by 2040, according to the latest jobs forecast for the APAC region by global research and advisory firm Forrester

Leaked documents reveal the Federal Chamber of Automotive Industries is co-ordinating a secret campaign to delay Australia’s transition to electric vehicles

Qantas asks its senior executives and managers to join a new contingency program that would see them leave their jobs and work as ground handlers up to five days per week for three months.

Petrol and diesel supplier Ampol has made its entry into electricity supply and plans to open 120 fast-charge sites at Ampol locations across Australia within 18 months.

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Talking Business#27 Interview with James Brown from Smart Communications

Thu, 04 Aug 2022 21:00:50 GMT

The Reserve Bank of Australia (RBA) has hiked the cash rate for the fourth consecutive month and the market forecasts the cash rate will be 3.3% by March next year.

The price of beer in Australia will soon hit A$15 a pint, the largest increase in over 30 years

Law firm Corrs Chambers Westgarth dumps Catholic Church after 60 year to protect its reputation.

ACCC report shows gas companies are gaming the system and not doing enough to keep gas onshore as they seek to take advantage of high global gas prices.

House prices in Australia are dropping at their fastest pace since the global financial crisis — and market conditions are "likely to worsen" as interest rates continue to rise

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Talking Business #26 interview with Brandon Bach from CCT

Thu, 28 Jul 2022 21:00:28 GMT

IMF says the world may soon be teetering on the edge of a global recession, only two years after the last one

The government will struggle in the Senate to abolish the ABCC, but is prepared to defund the watchdog should the legislation fail.

Global car manufacturers are calling for mandatory emissions targets on themselves and warning the slow take-up of electric vehicles could leave Australia with less choice

Bunnings and Kmart pause facial recognition technology in stores amid probe

Australian airports have been ranked among the worst in the world for flight delays and cancellations, putting them in the same category as London Heathrow and Amsterdam’s Schiphol Airport

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Talking Business#25 Interview with Grant Case from Dataiku

Thu, 21 Jul 2022 21:00:08 GMT

The Reserve Bank of Australia’s culture, appointments to its board and its 2 to 3% inflation target will be the focus of the institution’s first independent review in four decades.

Employers in Victoria and Tasmania were hit the hardest by last month’s surge in COVID-19 and flu cases, as leave rates soared more than 50% higher than the long-term average.

The majority of “Aboriginal” souvenirs on the market are fake according to a new report by the Productivity Commission.

ANZ spends $4.9 billion to buy Suncorp (formerly Queensland’s State Government Insurance Office) to boost its Queensland presence.

Unions have condemned Qantas for offering company executives millions in bonuses following cancellations and baggage losses

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Talking Business#24 Interview with Joshua Emblin from commercetools.

Thu, 14 Jul 2022 21:00:40 GMT

International Energy Agency warns that the global squeeze on energy supply that’s triggered crippling shortages and sent power and fuel prices surging may get worse.

Former Formula One boss Bernie Ecclestone is facing a fraud charge in the U.K. following an investigation by British tax authorities

Australian consumer confidence is tracking at its lowest level since the early-1990s recession, excluding the sharp coronavirus downturn in early 2020.

Australia’s major airlines are on track to record one of their worst on-time performances on record after more than half of all domestic flights last week were delayed or cancelled

Tech billionaire Mike Cannon-Brookes buys Dunk Island for $25m

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Talking Business#23 Interview with Garret Flower from ParkOffice

Thu, 07 Jul 2022 21:00:47 GMT

World's richest billionaires lose $1.4 trillion in worst half ever

The market is pricing in the Reserve Bank of Australia to have a cash rate of 3% by year end, rising to 3.5% by April next year.

PwC has put a partner on leave over allegations that include threatening a former staff member in a phone call and attending male-only PwC events where female PwC personnel were rated on their attractiveness.

Millions of superannuation fund members across Australia are facing their first negative returns since the Global Financial Crisis, with estimates of the potential dip in retirement savings as high as 5%.

Thousands of Australian companies collapsed in the last financial year marked by a string of high profile construction company insolvencies. With interest rates and inflation on the rise there are expectations of a wave of failures

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Interview with Justin Webb from AgriWebb

Thu, 30 Jun 2022 21:00:55 GMT

Stagflation. And when the Bank for International Settlements starts talking about it, you know it’s real.

Technically, Russia is in default. Russia is now broke financially, and isolated economically after provoking the Ukraine/Russia war.

Treasurer Jim Chalmers has signalled his interest in shaking up the business-dominated board of the Reserve Bank of Australia to ensure its diversity is representative of industries, workers, geography and gender.

Australia's Workplace Gender Equality Agency report shows the gender pay gap widens as women get older

Uber has struck a landmark deal with the Australian Transport Workers Union in an agreement promising to frame the future of the gig economy.

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Talking Business#22 Interview with Justin Webb

Thu, 30 Jun 2022 21:00:47 GMT

Stagflation. And when the Bank for International Settlements starts talking about it, you know it’s real.

Technically, Russia is in default. Russia is now broke financially, and isolated economically after provoking the Ukraine/Russia war.

Australia's Workplace Gender Equality Agency report shows the gender pay gap widens as women get older

Uber has struck a landmark deal with the Australian Transport Workers Union in an agreement promising to frame the future of the gig economy.

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Talking Business#22 Justin Webb from Agriwebb interview

Thu, 30 Jun 2022 21:00:43 GMT

Stagflation. And when the Bank for International Settlements starts talking about it, you know it’s real.

Technically, Russia is in default. Russia is now broke financially, and isolated economically after provoking the Ukraine/Russia war.

Australia's Workplace Gender Equality Agency report shows the gender pay gap widens as women get older

Uber has struck a landmark deal with the Australian Transport Workers Union in an agreement promising to frame the future of the gig economy.

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Interview with AGriWebb's Justin Webb

Thu, 30 Jun 2022 21:00:42 GMT

Stagflation. And when the Bank for International Settlements starts talking about it, you know it’s real.

Technically, Russia is in default. Russia is now broke financially, and isolated economically after provoking the Ukraine/Russia war.

Australia's Workplace Gender Equality Agency report shows the gender pay gap widens as women get older

Uber has struck a landmark deal with the Australian Transport Workers Union in an agreement promising to frame the future of the gig economy.

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Talking Business#22 Justin Webb interview

Thu, 30 Jun 2022 21:00:39 GMT

Stagflation. And when the Bank for International Settlements starts talking about it, you know it’s real.

Technically, Russia is in default. Russia is now broke financially, and isolated economically after provoking the Ukraine/Russia war.

Australia's Workplace Gender Equality Agency report shows the gender pay gap widens as women get older

Uber has struck a landmark deal with the Australian Transport Workers Union in an agreement promising to frame the future of the gig economy.

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Talking Business#22 Justin Webb from AgriWebb

Thu, 30 Jun 2022 21:00:32 GMT

Stagflation. And when the Bank for International Settlements starts talking about it, you know it’s real.

Technically, Russia is in default. Russia is now broke financially, and isolated economically after provoking the Ukraine/Russia war.

Australia's Workplace Gender Equality Agency report shows the gender pay gap widens as women get older

Uber has struck a landmark deal with the Australian Transport Workers Union in an agreement promising to frame the future of the gig economy.

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Talking Business#22 Interview with Justin Webb from AgriWebb

Thu, 30 Jun 2022 21:00:30 GMT

Stagflation. And when the Bank for International Settlements starts talking about it, you know it’s real.

Technically, Russia is in default. Russia is now broke financially, and isolated economically after provoking the Ukraine/Russia war.

Australia's Workplace Gender Equality Agency report shows the gender pay gap widens as women get older

Uber has struck a landmark deal with the Australian Transport Workers Union in an agreement promising to frame the future of the gig economy.

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Talking Business#22 AgriWebb interview

Wed, 29 Jun 2022 21:00:00 GMT

Stagflation. And when the Bank for International Settlements starts talking about it, you know it’s real.

Technically, Russia is in default. Russia is now broke financially, and isolated economically after provoking the Ukraine/Russia war.

Australia's Workplace Gender Equality Agency report shows the gender pay gap widens as women get older

Uber has struck a landmark deal with the Australian Transport Workers Union in an agreement promising to frame the future of the gig economy.

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Talking Business#22 Interview with AgriWebb chairman Justin Webb

Wed, 29 Jun 2022 13:07:46 GMT

Stagflation. And when the Bank for International Settlements starts talking about it, you know it’s real.

Technically, Russia is in default. Russia is now broke financially, and isolated economically after provoking the Ukraine/Russia war.

Australia's Workplace Gender Equality Agency report shows the gender pay gap widens as women get older

Uber has struck a landmark deal with the Australian Transport Workers Union in an agreement promising to frame the future of the gig economy.

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Talking Business#21 Interview with John Foong from Domain

Thu, 23 Jun 2022 21:00:55 GMT

Universities on Fair Work Ombudsman’s wage theft priority list.

Coolabah Capital Investments has warned that Aussie house prices could fall by more than 30% if the Reserve Bank of Australia’s fulfils uber-aggressive market expectations for an increase in its cash rate

Australian energy companies face a consumer watchdog probe into any price gouging and anti-competitive conduct during the rolling national power crisis,

Many superannuation savers will see their first losses in 13 years after the market downturn

An initial group of 65 refugees with technology experience will be placed in paid cadetships in the technology teams of Woolworths and Accenture as part of a new program to help tackle Australia’s IT skills shortages.

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Talking Business#20 Interview with artificial intelligence (AI) expert Dr Catriona Wallace

Thu, 16 Jun 2022 21:00:04 GMT

There are now fears the world is teetering on the brink of a global recession, after horror new inflation data from the US.

Fears the world is barrelling towards 1970s-style stagflation has pushed global shares into a bear market.

Reserve Bank of Australia governor Phillip Lowe expects inflation to hit 7% by December

While most Australians are preparing to be hit with skyrocketing gas prices, a shocking report has revealed most of the profits will be going to foreign owners.

Sky News Australia has become a key global hub for climate misinformation, according to a new report

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Talking Business#19 Interview with Peter Brennan from Heaps Normal

Thu, 09 Jun 2022 21:00:34 GMT

Elon Musk says he may not purchase Twitter after all and blames the number of spam and fake accounts. Time for Twitter to CANCEL the deal?

World Bank warns global economy may suffer 1970s-style stagflation

With the Reserve Bank of Australia raising interest rates to 0.85%, the futures market has a 3.5% rate priced in by mid-2023.

Losses through investment scams have risen sharply so far this year and cryptocurrencies are involved in the majority of those losses.

Major bank ANZ introduces paid transgender leave

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Talking Business#18 Interview with Tim West from UBX

Thu, 02 Jun 2022 21:00:29 GMT

AGL has abandoned its plan to demerge its coal-fired power assets and lost its leadership. The outcome is a victory of major shareholder Mike Cannon-Brookes and all opponents of a slower decarbonisation path for the company.

Opposition leader Peter Dutton has lashed Australia’s top corporate executives for siding with Labor and other parties

Crown Casino fined $80 million for 'deliberate' illegal bank card scheme. At last, a serious fine.

Surprise, surprise. Pitcher Partners is being sued. The Twigg family claim PP helped Max Twigg, race car driver & former owner of the Byron Bay Hotel, misappropriate $127.8 million in family trust money.

Australian farmers are set to deliver a third consecutive bumper season of crops, but food prices will continue to climb due to a maelstrom of pressures on supply chains.

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Talking Business#17 Interview with Dave Colls from Thoughtworks

Thu, 26 May 2022 21:00:48 GMT

Employers urge the Albanese government to use its upcoming jobs summit to restore the Hawke-Keating enterprise bargaining system to boost productivity.

World Economic Forum in Davos is told Russia’s war in Ukraine will unleash “the worst food crisis in recent memory” across vast swathes of the developing world, with the potential to create “hell on earth” for some countries.

Van Eck Australia will list a fund tracking the price of carbon on the local sharemarket as environmental investors are buoyed by Green, teal election victories.

Employers may be required to train staff to speak up about workplace sexual harassment with a view to preventing it, or at least intervene earlier, and deal with power imbalances without excluding women, under legislation committed to by the new Labor government.

Facebook Australia’s tax bill was $24 million last year after it doubled profits but funnelled nearly $1 billion in local advertising revenue to an international subsidiary

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Talking Business #16 Interview with Dr Aengus Tran from harrison.ai

Thu, 19 May 2022 21:00:07 GMT

Whoever wins Saturday’s federal election will face months of rising interest rates and growing household cost of living pressures, with the Reserve Bank of Australia making clear more rate rises are on the way

Goldman Sachs chairman warns risk of US recession is 'very, very high'

Coalition costings: $3.3bn in public service cuts to fund election pledges worth $2.3bn. The CPSU estimates this will cost 5,500 jobs.

Industry Super slams Morrison’s super/housing scheme. Says additional money Australians take out of super via the scheme will be gobbled up through housing price surges. Analysis shows it could hike the nation’s five major capital city median property prices by between 8-16%,

EV sales in Australia are soaring — led by the almost-ubiquitous Tesla Model 3 — and more brands and models are arriving in the market.

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Talking Business#15 Interview with Gustavo Quiroga from Mobiquity

Thu, 12 May 2022 21:00:48 GMT

Stocks globally are tumbling as renewed worries about China’s economy pile on top of markets already battered by rising interest rates, inflation and the Ukraine war.

A survey has found Australians were struggling even before the Reserve Bank of Australia rate rise.

The Australian Council of Trade Unions (ACTU) is now calling for a minimum wage increase to be lifted to 5.5%, rather than the original 5% they were originally pushing for, to deal with inflation.

Energy experts say Australian power bills are going up no matter who wins the election.

Tech billionaire Mike Cannon-Brookes says AGL Energy’s almost total disregard of the need to decarbonise in the documentation for its demerger will persuade many institutional shareholders to vote against the split.

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Talking Business#14 Interview with Russell Martin from DiviPay

Thu, 05 May 2022 21:00:06 GMT

Morrison’s re-election suddenly looks much worse with RA raising its official cash rate t9 .35%, the first increase to rates in over a decade.

The Chinese slowdown will weigh on the world’s economy.

One in 25 properties in Australia will be effectively uninsurable by 2030 due to worsening extreme weather caused by climate change, according to a study released by the Climate Council

Tech multi-billionaire Mike Cannon-Brookes has become AGL’s biggest shareholder in an attempt to derail a proposed demerger.

The Morrison government gave $1.1 billion in personal protective equipment (PPE) contracts to Aspen Medical — which is now part of an international criminal probe into corruption and money laundering

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Talking Business#13 Interview with Matt Keon, the CEO of GenieUs

Thu, 28 Apr 2022 21:00:56 GMT

Elon Musk is Twitter's new owner and some major changes could be on the horizon.

Netflix has cancelled multiple TV shows and films after suffering a recent loss of subscribers.

Interest rate rises are on the cards from May 3 when the RBA meets after Australia’s inflation soared to a higher than expected 5.1%

Australia’s Coalition government is up to a year behind delivering almost $20 billion worth of budget promises including recommendations from the aged care royal commission to deliver a new funding model and its efforts to boost the digital economy.

Electric vehicles are powering more Australian small businesses as they adopt greener policies and attempt to dodge rising petrol prices, according to the latest data from the Commonwealth Bank.

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Talking Business#12 Interview with Victoria Matterson from Victory Max

Thu, 21 Apr 2022 21:00:09 GMT

Russia is ambling toward a major default on its foreign debt, a grim milestone that it has not seen since the Bolshevik Revolution more than a century ago

World Bank and IMF cut their global growth forecast citing the war in Ukraine. World Bank cuts growth estimate by 90 basis points to 3.2% while IMF cuts the global forecast by 80 basis points to 3.6%.

Market economists strengthen expectations the Reserve Bank of Australia will hike its cash rate in June with the RBA saying it is close to raising interest rates as core inflation has gone above the bank’s 2-3% target range in the last quarter.

Thousands of aged care workers across Australia have voted to take "unprecedented strike action" leading up to the federal election

Australia’s major food and grocery manufacturers say they are facing increases in costs of up to 700% since the pandemic began, and have warned some of that will flow through to the price shoppers pay at the checkout.

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Talking Business#11 Interview with Tom Treanor from Treasure Data

Thu, 14 Apr 2022 21:00:07 GMT

US inflation just hit 8.5% - the highest since the 70s-80s. Blows out anything from the war on terror

Australians are googling "inflation" like it's 2008

Clive Palmer’s United Australia Party has spent nearly $3.5 million on advertising in April as it continues to outpace its political rivals.

An overwhelming majority of leading Australian economists say climate change and environmental policy are the most important issues for the upcoming federal election.

Spotless fined $17,500 for refusing to pay redundancy

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Talking Business#10 Interview with Ian Neil SC

Thu, 07 Apr 2022 21:00:20 GMT

Soaring food and fuel prices are starting to rattle governments around the world, showing the widespread political consequences of Russian President Vladimir Putin’s invasion of Ukraine.

Over 1,000 major investors believe a worldwide recession is just around the corner, a definitive survey says.

The world’s richest man Elon Musk is appointed as a director of Twitter, sparking speculation Musk could change the way Twitter polices its platform as well as who it banishes.

The Reserve Bank of Australia has left the official cash rate on hold near zero, but the RBA has abandoned its language of patience and signalled it could begin raising its record low 0.1% rate in June if upcoming data show accelerating inflation and wages growth.

Reports that South Africa’s Woolworths is looking to sell David Jones. Woolies bought David Jones in 2014 for $2.1bn. It’s been a disaster. It won’t get anything close to what it paid for DJ.

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Talking Business#9 Interview with Andy Thiss from Anaplan

Thu, 31 Mar 2022 20:00:47 GMT

An analysis of Scott Morrison’s vote-buying budget.

Rising bond yields mean the multibillion-dollar interest bill on Australia’s $1 trillion debt will jump by nearly 50% to $26.3 billion.

CoreLogic warns $25 billion worth of Australian residential property is at risk due to increasing storm surges and coastal erosion.

Inflation expectations continued to surge, according to the latest ANZ-Roy Morgan survey.

Australia ranks number one in Asia Pacific for most ransomware attacks, and seventh globally according to new research

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Talking Business#8 Interview with Brendan Doggett from Sharesies AU

Thu, 24 Mar 2022 20:00:41 GMT

Russia’s Ukraine war and the looming global food crisis

Australian consumer confidence has plummeted 4.8% with continued rapid increases in petrol prices seeing inflation expectations rise to 6.0%'

The strength of Australia’s post-pandemic economic recovery will bring a $30 billion improvement to the budget bottom line this year, but whoever wins the federal election in May will face 15 years of deficits and the need to find savings of $40 billion a year in the next few years.

Grattan Institute Report on Australian government using public funds to try to influence elections in marginal seats

The Australian Securities and Investments Commission (ASIC) is cracking down on influencers who spread "misleading or deceptive" info.

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Talking Business#7 Interview with Zaheer Jappie from Car Clarity

Thu, 17 Mar 2022 20:00:52 GMT

Vladimir Putin has set the clock ticking for possible defaults on about $150 billion in debt as the Russian economy slumps and its currency collapses under the pressure of sanctions, including on its foreign-currency reserves

Petrol prices across Australia continue to rise after Russia’s invasion of Ukraine pushed crude oil prices to an eight-year high.

Spikes in fuel prices have fed into an increase in consumer expectations that inflation will rise over the next two years.

Australian billionaires Mike Cannon-Brookes and Andrew Forrest have invested A$210 million to bankroll the construction of an undersea cable link that will deliver solar generated electricity to Singapore from Down Under

The Federal Environment Minister Sussan Ley has no duty of care to protect children from the negative impacts of climate change when assessing fossil fuel projects, the Federal Court has ruled.

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Talking Business#6 Interview with Pete Neal from Powerpal

Thu, 10 Mar 2022 20:00:26 GMT

With the US and the UK banning oil, Moscow warns that the price of oil may reach $300 a barrel in the event of a ban on Russian exports.

Economists are increasingly warning of a possible bout of stagflation, particularly in Europe, a situation of high inflation and low growth that afflicted major economies during the 1970s

Brookfield and Mike Cannon-Brookes are still pursuing ambitions to take over AGL Energy, despite walking away from being rebuffed on their close to $9 billion takeover proposal,

More than 2000 homes and businesses in NSW’s inundated Northern Rivers have been declared unliveable

Australia’s combined state government debt will exceed half a trillion dollars in a matter of months, according to S&P Global Ratings, which is equivalent to 23% of gross domestic product

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Talking Business#5 Interview with Lambros Photios from Station Five

Thu, 03 Mar 2022 20:00:04 GMT

After S&P Global downgraded Russia’s credit rating to “junk” status, Russian bonds collapsed with investors bracing themselves for the possibility that the latest round of western sanctions on Russia could push Moscow to default on its debt for the first time since 1998.

Coles and Dan Murphy’s have joined a boycott of Russian vodka as liquor retailers across Melbourne ditch the drink in a show of solidarity for Ukraine.

One in three women experience online abuse in their working lives and it can have devastating consequences for their careers, according to research commissioned by Australia’s eSafety Commissioner.

James Packer’s Crown Resorts faces a blockbuster fine from the financial crimes watchdog, in a move that threatens to derail its $8.9bn takeover from US private equity giant Blackstone.

Suncorp says it is expecting losses from the floods roiling Queensland and NSW to cost it more than $75m, with insurers inundated with at least 15,000 claims as the damages bill grows

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Talking Business#4 Interview with Jussi Karjalainen Founder & Managing Partner of Valta Technology Group

Thu, 24 Feb 2022 20:00:32 GMT

Global stock markets tumbled and crude oil prices surged to $99 per barrel on Tuesday after Russia ordered troops into parts of eastern Ukraine.

Investors have shunned cryptocurrencies such as bitcoin as tensions between Russia and Ukraine have escalated, and are instead seeking refuge in the more traditional safe haven of gold.

Australia is welcoming travellers as the country reopens its borders for the first time in nearly two years. However, a sudden recovery seems unlikely given the turbulent climate in the travel industry

Atlassian billionaire Mike Cannon-Brookes and his business partner Brookfield say they have set aside $20bn to transition AGL away from coal.

Australia has recorded its fastest annual wage growth since before the pandemic. The Bureau of Statistics says base pay grew 2.3%.

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Talking Business#3 Interview with buyers' agent Lauren Moore

Thu, 17 Feb 2022 20:00:39 GMT

Australia Post has defended paying its top executives bonuses averaging more than $160,000, more than a few Cartier watches.

Supply shortages have hit super funds, sending them down 2.1%.

Westpac warns house prices will fall 14% over 2023 and 2024.

Australia's Crown Resorts backs $8.9 bln Blackstone bid, ending Packer era.Gladys Berejiklian is gifted an Optus executive position

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Talking Business #02 - Pete Ceglinski, the Co-Founder and CEO of the Seabin Project

Thu, 10 Feb 2022 20:00:39 GMT

Facebook lost another case. This time against the Australian Information Commissioner over Cambridge Analytica in the full Federal Court.

Australia's property prices to fall by 10% in 2023, warns NAB

Taxpayers have been paying more than $10,000 a month for George Christensen’s “e-material” in the same period that he racked up an $85,000 Facebook advertising bill for issues including vaccine discrimination, and a conspiracy theory about the “unelected global elite”.

A measure of Australian business conditions took a turn for the worse in January as a surge in coronavirus cases hit consumer spending,

The re-opening of Australia’s borders on February 21 will not result in a flood of international tourists, but will be a slow rebuild that will take years, according to the industry.

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Talking Business #01 - Interview with Yair Miron, founder and CEO of Rise.ai

Thu, 03 Feb 2022 20:41:53 GMT

Spotify’s market capitalization fell about $2.1 billion over a three-day span this week, coming after folk rocker Neil Young yanked his songs from the audio-streaming giant to protest Joe Rogan’s misinformation-spreading podcast.

More than a quarter of female workers at Rio Tinto Group have experienced sexual harassment and almost half of all staff have been victims of bullying, according to a new report Sales of new electric cars in Australia have more than tripled in the past 12 months, Australia’s sovereign wealth fund, the Future Fund, has invested more than $90m in weapons manufacturer Raytheon Technologies, whose laser-guided bomb was allegedly used in an airstrike on a detention centre in Yemen this month killing nearly 100 civilians.

The Australian government is being warned that one-off cash payments to aged care workers will not stem a flood of staff leaving the industry.

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Talking Business#46 Interview with Ben Nowlan, CEO of Shaparency

Thu, 16 Dec 2021 20:00:12 GMT

Australian Taxpayers are paying at least $59m for major government advertising campaigns to run in the lead-up to the 2022 election

Australian government launches review into who can call themselves a cosmetic surgeon

Victoria to become home to Moderna mRNA vaccine manufacturing facility.

Top litigator Gina Cass-Gottlieb has become the first woman to head up the ACCC.

CSL puts $16.4b bet on ageing and obesity

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Talking Business#45 Interview with Grant Emanuel from the Chamberlain Group

Thu, 09 Dec 2021 20:00:51 GMT

The Reserve Bank and Treasury are considering the feasibility of a central digital currency, under reforms aimed at establishing a regulated onshore cryptocurrency industry

While other arts sectors have been struggling, the value of film and television production surged to a record $1.9 billion last financial year as Australia became one of the world’s safest places to shoot during the pandemic.

Australian Institute of Company directors study shows Australian boards are struggling to prepare their companies or organisations for climate change, with almost half the country’s directors saying they don’t know how to tackle the issue.

Australians are paying more personal income tax as a share of government revenue than any other advanced economy, according to OECD data

The Australian Taxation Office and AUSTRAC could be handed sweeping new surveillance powers, including the right to bug people’s phones and online communications, as part of an overhaul of telecommunications intercept laws.

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Talking Business#44 Interview with Diana Scott founder of Frontier Pets

Thu, 02 Dec 2021 20:00:43 GMT

The Omicron variant of COVID-19 adds new measures of uncertainty to the outlook for the global economy,

Westpac admits to charging 11,000 dead customers, ASIC sues for 'widespread' breaches

Australia Post is doing festive season parcel runs with the first of 20 electric trucks joining its national fleet, as it edges towards carbon-neutral deliveries

With budget moved forward to March 29, looking likely Morrison might pop around for tea with the GG around April 3, call an election for May 7 or May 14

Jack Dorsey steps down as Twitter CEO to focus on his other company, Square (digital cash)

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Talking Business #43 Interview with Jason Eisner co-founder of BrandQuest

Thu, 25 Nov 2021 20:00:34 GMT

Across financial markets, uncertainty surrounding the COVD-19 pandemic has led to a spike in volatility, dragging equities into bear market territory.

Business owners are being told they should set their own rules on whether customers and staff have to be vaccinated, in a message from Prime Minister Scott Morrison that takes on state premiers amid uproar in federal Parliament over vaccine mandates.

Barnaby Joyce wants to appoint the Mayor of Tamworth, Col Murray, a self-described “pretty solid Barnaby supporter”, as the next chair of Infrastructure Australia.

Missing Sydney businesswoman Melissa Caddick’s assets could soon be sold to repay more than $23 million she stole from her friends and clients.

Woodside’s proposed Scarborough development is equivalent of 15 coal-fired power plants, environment experts say

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Talking Business#43 interview with Jason Eisner co-founder of BrandQuest

Thu, 25 Nov 2021 20:00:03 GMT

Across financial markets, uncertainty surrounding the COVD-19 pandemic has led to a spike in volatility, dragging equities into bear market territory.

Barnaby Joyce wants to appoint the Mayor of Tamworth, Col Murray, a self-described “pretty solid Barnaby supporter”, as the next chair of Infrastructure Australia.

Missing Sydney businesswoman Melissa Caddick’s assets could soon be sold to repay more than $23 million she stole from her friends and clients.

Woodside’s proposed Scarborough development is equivalent of 15 coal-fired power plants, environment experts say

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Talking Buysiness#42 Interview with Jaen Snyman, Empired practice manager for the modern workplace

Thu, 18 Nov 2021 20:00:02 GMT

Scott Morrison declares coal will be used for decades to come, dismissing Boris Johnson’s claim that the COP26 climate summit has sounded a death knell on coal.

CEO behaving badly…Chapter XXX. Oil Search sued for bullying female CFO out of a job.

Prime Minister Scott Morrison’s warning that interest rates could be higher without the Coalition in power hosed down by Reserve Bank of Australia governor Philip Lowe.

Governments must set a date for banning the sale of cigarettes through retailers including supermarkets, and find new ways of boosting revenue without relying on tobacco excise taxes, leading public health researchers say

The total value of Australian banknotes has doubled in a decade, and is up 20% since the start of the pandemic as more Australians hoard cash under their mattresses

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Talking Business#41 Interview with Kiel Glass and Damian Morgan, co-founders of SafeStay

Thu, 11 Nov 2021 20:00:03 GMT

Social unrest: Aussie teens jump off Instagram

News Corp Australia posts a whopping $60.7m loss as pandemic takes toll on media

Federal election in Australia likely to be held in May 2019 due to the budget in April

Every Australian wants an EV but cannot afford the cost! Scott Morrison spruiks electric vehicles – but rules out subsidies and an end-date for petrol cars

Kmart and Bunnings parent company Wesfarmers snaps up Priceline and Soul Pattinson

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Talking Business#40 Interview with Domm Holland, co-founder of Fast

Thu, 04 Nov 2021 20:00:36 GMT

Electric vehicle charging infrastructure has been elevated by the Morrison government as a key net zero “enabling technology”, two-and-a-half years after the Prime Minister mocked EVs as incapable of towing trailers, boats or reaching a family’s favourite camping spot.

This week’s UN climate summit in Glasgow is helping put a rocket under the global market for carbon credits, which have surged to record levels.

Global ready-to-assemble furniture vendor IKEA has installed four chargers for electric vehicles at each of its outlets in NSW and Victoria.

Andrew Forrest strikes deal with billionaire Bamford family to become biggest supplier of renewable hydrogen in UK, with focus on heavy transport.

Penfolds has released its most expensive ever bottle of wine - a five-vintage blend that retails for a wallet-scorching $3500

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Talking Business#39 Interview with Bob Sharpless, the deputy chairman of the Springfield City Group

Thu, 28 Oct 2021 20:00:26 GMT

The Morrison government will spend nearly $13 million promoting Australia's record on climate change, including increased uptake of renewables in Australia driven mostly by policies his government tried to destroy.

Scott Morrison unveils Australia 2050 net zero emissions plan with no detail and no modelling

Australia Post, NBN pay out $300 million in bonuses during COVID. How much is that in Cartier watches?

Crown Melbourne set to keep casino licence despite 'disgraceful' conduct

Australian taxpayers to fork out US$1.33bn as part of Telstra US$1.6bn purchase of Pacific telco Digicel. Big move to keep China out of key Pacific state comms networks.

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Talking Business#38 Interview with Ashik Ahmed, CEO and co-founder of Deputy

Thu, 21 Oct 2021 20:00:04 GMT

OECD downgrades its outlook for Australian living standards over the next 40 years, forecasting per capita GDP of just 0.9% between 2018 and 2030.

Australian Retailers’ Association chief Paul Zahra said Victorian retailers lost $1 billion in trade per week during the lockdown and 25 to 50% of Melbourne small CBD retailers may have closed.

Three global investor groups worth more than $US46 trillion ($62 trillion) have labelled Australia one of the least attractive destinations for green investment, alongside Saudi Arabia and Russia.

Economists and markets disagree with the Reserve Bank of Australia’s firm stance that the cash rate won’t rise before 2024. They say surging prices in housing and energy will bring sustainable inflation back to its targeted band well before then.

Rio Tinto was “at best” incompetent and at worst deliberately deceived traditional owners over plans to blast Juukan Gorge, according to the parliamentary inquiry

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Talking Business#37 Interview with Tom Cornell, the Head of Assessments (APAC) at HireVue

Thu, 14 Oct 2021 20:00:07 GMT

I’ll be talking to Tom Cornell, the Head of Assessments (APAC) at HireVue about how Aussies can prepare for The Great Resignation where employees are moving away from jobs where they feel unappreciated and are instead moving toward new priorities and goals, from more money to greater control over their time in the COVID-era. And I’ll be talking to economist Saul Eslake about whether Sydney’s re-opening will have an economic impact.

The global economic recovery is losing steam as a coronavirus resurgence and supply chain disruptions hinder progress, the IMF warned.

Despite Sydney re-opening, Goldman Sachs cites many reasons to cut its economic forecasts. One is the "longer lasting virus drag on virus-sensitive consumer services." In other words, people don't feel safe.

Australian researchers are trialling a smartwatch app that can monitor a worker’s vitals and tell them if it’s OK to go to work or if they should stay home and potentially get a COVID-19 test.

COVID-19 has accelerated the death of cheques and ATM withdrawals as pandemic restrictions change the way we pay for our goods and services

BHP says Australia can’t ignore nuclear in the race to net zero

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Talking Business#36 Interview with Justin Hanka, Director & Co-Founder,of MindBio Therapeutics

Thu, 07 Oct 2021 20:00:37 GMT

I’ll be talking to Justin Hanka, a director at Shape Capital, the company behind Mindbio Therapeutics an exciting Melbourne business doing pioneering work on psychedelic LSD microdosing research. And I’ll be talking to CommSec Chief economist Craig James about market trends in the week ahead.

Monday's Facebook, WhatsApp & Instagram outage could have wiped nearly $US7 billion from Zuckerberg's personal wealth.

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Talking Business#35 Interview with Alistair Leathwood, Chief Commercial Officer, IRI

Thu, 30 Sep 2021 21:00:12 GMT

I’ll be talking to Alistair Leathwood, chief commercial officer for IRI, a world leading big data analytics business that works with many of the world's household brands - food and grocery, liquor, petrol and convenience, pharmacy - in Australia. We will talk about how the health and wellness sector has performed during COVID and how shoppers have responded. And I’ll be talking to economist Sarah Hunter from BIS Oxford Economics

Dr. Doom Nouriel Roubini turns Dr. Realist warning about global 'debt trap'

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Talking Business with Leon Gettler #34 Interview with Dhruv Kholi, Vice President of Growth and Strategy at Australia’s first digital supermarket Geezy Go

Thu, 23 Sep 2021 21:00:33 GMT

First, I’ll be talking to Dhruv Kohli, Vice President of Growth and Strategy at Geezy Go, Australia's first digital supermarket. And I’ll be talking to Indeed economist Callam Pickering about the latest unemployment figures

France wants to punish Australia by delaying trade deal talks

Iron ore fall hits stock markets

EverGrande s buckling under the weight of more than $300 billion in debt. Is crashing the markets! They are China's "Lehman Brothers"

Christian Porter’s resignation from the Industry portfolio has been met with criticism and frustration across the Australian technology sector, which will now be working with its eighth minister in as many years.

About $6.2 billion in JobKeeper wage subsidies were paid to businesses with more than $10 million in turnover that did not experience a minimum 30% fall in turnover in the first six months of the scheme

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Talking Business with Leon Gettler #33 Interview with CreditorWatch's CTO Joseph Vartuli

Thu, 16 Sep 2021 21:00:23 GMT

I’ll be talking to Joseph Vartuli, CreditorWatch's CTO connecting over 50,000 Australian businesses with sophisticated credit risk management tools to navigate the economic turbulence of 2021, by assessing the ability of their creditors to pay what they owe.

And I’ll be talking to IFM Investors economist Alex Joiner about the state of the economy.

Australia’s most important economic institution is the RBA. The OECD says it’s time to look under bonnet to address the central bank’s failure to meet key economic targets in recent years and deal with long-term risks posed by the pandemic.

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Talking Business with Leon Gettler #32 Interview with online business coach Karen Vivarelli

Thu, 09 Sep 2021 21:00:35 GMT

I’ll be talking to Karen Vivarelli, successful local business woman and virtual assistant, who is coaching others on how to thrive working for yourself at home, and who has been named a finalist for the 2021 AusMumpreneur Awards.

And I’ll be talking to economist Saul Eslake about how Australia will fare in this recession.

News Corp's new push for net-zero by 2050 isn't a departure from their war against climate change. It’s just a 2 week campaign excluding The Australian.

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Talking Business with Leon Gettler #31 Interview with Cat Long, CEO of Trace

Thu, 02 Sep 2021 21:00:48 GMT

I’ll be talking to Cat Long, the CEO of Trace, a company set up to help businesses and individuals reduce and/or offset their carbon footprint. And I’ll be talking to economist Nicholas Gruen about ways to manage our superannuation,

Morrison government gave more than $13 billion of taxpayers’ money as JobKeeper to firms with rising revenue.

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Talking Business with Leon Gettler #30 - Interview with Alicia Kennedy - Managing Director, Naked Wines

Thu, 26 Aug 2021 21:00:32 GMT

The rise in mental health problems caused by the lockdowns in Victoria and NSW have already cost $1 billion in lost productivity and those aged 15 to 25 are likely to be the worst affected, according to updated modelling by the University of Sydney’s Brain and Mind Centre.

The figure builds on earlier modelling by the centre that estimated the productivity cost of the COVID-19 pandemic at more $20 billion a year due to a projected increase in psychological distress, hospitalisations and suicide. The centre’s modelling considers the initial and ongoing cost of increased mental health illness to the health system and the wider economy. This includes estimates of the costs of increased suicide; the costs of caring for the increases in people self-harming and having suicidal thoughts; and estimates of the reduction in productive output of those affected by mental illness. Professor Ian Hickie, the former Mental Health Commissioner, warned the growing COVID-19-related mental health crisis, especially for young people, had become a “shadow pandemic”.

Business support for mandating Covid vaccinations in workplaces is growing, with a national survey of 700 companies finding a quarter would like compulsory jabs of their employees. An Australian Industry Group survey of business attitudes to mandatory Covid vaccination in workplaces found more than half were in favour of some form of mandating. 24% said they would like to mandate Covid vaccinations for some or all of their employees; and 27% said they would like Covid vaccinations to be mandated only through a health order related to their industry.

Almost 7000 COVID-19 jabs have been administered to critical workers in the food and freight sectors from Sydney’s hardest-hit local government areas Co-operation between major employers and the federal government’s Operation COVID Shield rollout effort has seen staff of supermarket and food giants Coles, Woolworths, Aldi, OzHarvest and Metcash vaccinated across 19 sites. About 1000 doses have been administered to employees at freight firms Linfox and DHL, according to federal government data. Ahead of a major expansion of workplace vaccinations in coming months, about 6000 Commonwealth Bank and Westpac employees in hotspot local government areas are being jabbed in a pilot phase. Rollout boss Lieutenant General John Frewen is working with the retail and university sectors on workplace vaccinations, and sporting bodies in AFL, tennis, soccer and netball are expected to be included.

Hutchison Ports and DP World have told wharfies they must get the jab to come to work next week as new rules introduced by the NSW government ratchet up pressure on employers to mandate vaccinations. The stevedores advised hundreds of workers they could not work at their Port Botany terminals, located in one of the hotspot local government areas in south-western Sydney, from August 30 if they have not had their first dose of a COVID-19 vaccination. The directions confirm what employer groups suspect thousands of employers might be forced to do after the introduction of rules requiring authorised workers in 12 Sydney local government areas to be vaccinated if they work outside their LGA, unless their workplace uses rapid antigen testing.

Fully vaccinated travellers will be able to claim 1000 Qantas frequent flyer points, 15 status credits to move up the loyalty tiers and a $20 discount on Qantas and Jetstar flights from tomorrow. It is part of a new initiative from the airline to encourage vaccinations. Frequent Flyer members who claim the rewards will automatically enter a prize draw to get free accommodation at Accor hotels and free fuel from BP service stations. Prize winners will also get a free international flight on Qantas or Jetstar when borders re-open, projected for mid next year. There will be 10 winners overall – one selected from each state and territory, with another two winners chosen from a national pool.

The Porsche-driving mortgage broker who filmed dying police officers at a horrific multi-vehicle accident last year has been banned by the corporate cop from providing financial services or credit for at least a decade. Richard Pusey, whom a judge dubbed “the most hated man in Australia”, was banned from performing any function relating to carrying on a financial services or credit business earlier this month by the Australian Securities and Investments Commission. An investigation found the 43-year-old mortgage broker and insurance salesman had given the regulator as many as seven false statements in licence applications and compliance documents. The regulator declared he “is not a fit and proper person to participate in the financial services and credit industries”. In a statement, ASIC said Mr Pusey “has no regard for the law”, “lacks the attributes of good character, honesty, and judgment” and “cannot be relied upon to comply with directions issued from authorities”. ASIC added Mr Pusey “is likely to contravene credit legislation and financial services legislation”. Mr Pusey is in custody awaiting sentencing after pleading guilty to assaulting a woman at his home, and two road rage incidents. Mr Pusey also pleaded guilty to menacing a Westpac bank employee in a series of messages in 2019 following a credit card dispute.

Australian electric car charging network JOLT plans to install 5000 free fast chargers across capital cities after Blackrock, the world’s largest asset manager, bought a stake in the company and pledged an initial $100 million towards building the network. Drivers using JOLT chargers would receive 7 kWh – equivalent to about 45 kilometres of driving – for free, and be charged for power drawn after that. JOLT would also make money from advertising sold on its charging stations. All the power it sells will be renewable and the installation of the charging points is expected to begin in Sydney in September. JOLT operates charging stations in Adelaide. Charlie Reid, a managing director of BlackRock’s Global Renewable Power team, said for the world to reach net zero emissions by 2050, the last internal combustion car engine would need to be sold by 2035. He said this would happen globally and in Australia, whatever government policies were in place, as Australia imported its vehicles.

Supermarket giant Woolworths has responded to the push by many shoppers for faster online deliveries, striking a deal with Uber Eats for groceries and fresh fruit and vegetables to be delivered from some of its Woolworths Metro outlets within an hour. Woolworths is starting a trial for Uber Eats drivers to deliver goods ordered from 12 Woolworths Metro stores in Sydney and Melbourne. It aims to roll out the service to about 200 Woolworths outlets by early next year. Woolworths operates 996 large supermarket outlets and 78 Woolworths Metro stores, which have a smaller footprint and are generally positioned in inner-city locations to capture customers and commuters buying smaller amounts of groceries, but more frequently. But the Woolworths Metro format has suffered in the pandemic as more people worked from home and CBDs emptied out. Woolworths in June booked a $50 million write-down on the value of 13 Metro locations located in CBDs or near major train stations, which have borne the brunt of the work-from-home shift.

Right-wing extremists are using platforms such as YouTube, PayPal and Buy Me A Coffee to raise money to support their nefarious activities, says the Australian Strategic Policy Institute, which is calling for anti-money-laundering laws to apply to more technology businesses. ASPI analyst Ariel Bogle wants the federal government to develop a centralised hate crime and statistics database to track and understand the financial activities of extremists operating in Australia. She is also calling for regulators to consider whether emerging platforms have obligations under laws such as the Anti-Money-Laundering and Counter-Terrorism Financing Act and the Proceeds of Crime Act.

About 7000 truckies at Toll Transport will strike across the country on Friday, disrupting parcel and food deliveries at the height of the pandemic. The Transport Workers Union confirmed drivers would stop work for 24 hours after Toll refused to drop bargaining claims in crisis talks on Monday, including that part-time staff work up to 38 hours a week without overtime and new drivers work six to 12 month contracts. The stoppage is the first national strike in road transport in more than a decade and comes as home deliveries have surged following stay-at-home orders for more than 14 million people in NSW and Victoria.

And the profit reporting season continues. Kogan’s net profit plunged 87% to just $3.5 million in 2021. Takeover target Afterpay has widened its net loss to $159.4 million in financial 2021, versus $22.9 million in the prior year. Australia’s biggest smash repair outfit AMA Group reported a $99.1 million statutory loss for the year. Chorus EBITDA rose slightly to $NZ649 million during the year, up only slightly on $NZ648 million in the 2020 financial year. Its net profit after tax fell to $47 million, from $NZ52 million, and operating revenue dipped to $NZ947 million, from $NZ959 million Reliance Worldwide revenue rose 15.3% to $1.16 billion while net profit climbed 110.5% to $188.2 million. oOh!media’s revenue for the period was up 23% to $251.6 million, while earnings before interest, taxes, depreciation, and amortisation more than tripled to $33.3 million.

The company reported a $9.3 million net loss after tax compared to a loss of $28 million in the prior comparable period. GPI Property Group’s net profit fell to $22.96 million, down from $66.74 million a year earlier. NIB’s underlying revenue rose 2.9% to $2.6 billion however its net profit rose 84.5% to $160.5 million. Hotels and cinemas operator Event Hospitality and Entertainment has posted a 45.4% fall in financial 2021 revenue to $449.3 million. It narrowed its statutory loss 15.7% to $48 million on EBITDA of $27.2 million. Mining contractor MACA’s net profit after tax jumped 219% to $20.7 million following the $17.4 million loss it reported last year. Ampol’s EBIT rose to $340 million, from $221 million a year ago. Michael Hill’s net profit rose 15-fold to a record $45.3 million in 2021. Charter Hall reported post-tax operating earnings of $284.3 million. Latitude delivered an 81% rise in cash profits, to $121 million. Ansell sales rose 25.6% to $US2.02 billion while EBIT climbed 56% to $US338 million and profit firmed 57.5% to $US246.7 million. Perenti Global’s net profit after tax and amortisation in the second half of the 2021 financial year improved by $75.3 million from a first-half statutory loss of $63.8 million to a statutory gain in the second half of $11.5 million. Underlying net profit after tax and amortisation fell from $211.7 million to $170.8 million. HUB24 reported net profit after tax of $15 million, up 53%, and underlying group earnings before interest, taxes, depreciation, and amortisation of $36.2 million which was a 47% increase on FY20. Monadelphous Group’s revenue rose 18% to $1.75 billion while profit climbed 29% to $47.1 million. The Westfield Australia real estate trust Scentre Group has reported its operating profit for the half year to June 30 climbed 27.5% to $460.1 million on property revenue up 21.3% to $1.064.8 million. Total revenue fell 1.2% to $1081.4 million. Alumina’s net profit dipped 19% to $US73.6 million.

Carbon Revolution revenue declined 10% to $34.9 million as the company reported a $32 million loss after tax. Oil Search’s revenue climbed 7% to $US667.7 million in the first half of the year while core net profit soared 463% to $139 million. Nanosonics’ full year revenue was up 3% to $103.1 million for the period with an operating profit before tax of $11 million, down from $12.4 million in FY20. Voice communication software provider MNF Group’s recurring revenue rose 12% to $113.2 million, while EBITDA increased 13% to $43.1 million, sitting at the top end of market guidance. Estia Health’s revenue rose 4.4% to $665.4 million while profit after tax rose to $6 million following a $116.9 million loss a year earlier. Austal’s net profit after tax came in at $81.1 million, down from $89 million in FY20. Superloop’s total revenue rose 2.9% to $110.7 million during the year however it still reported a loss of $31.9 million for the year. Sleep treatment specialist SomnoMed has narrowed its full-year net loss to $1.18 million and lifted revenue 9% to $62.7 million for financial 2021. ReadyTech’s underlying net profit after tax and amortisation rose 27% to $10.6 million. Local fund manager VGI Partners delivered a normalised net profit after tax of $42.9 million for the half-year to the end of June. Fertility specialist Monash IVF has hiked its adjusted net profit 61.5% to $23.3 million on revenue up 26.3% to $183.6 million for financial 2021. Statutory net profit climbed 116.9% to $25.5 million, with the adjusted profit number excluding the impact of JobKeeper subsidies. Viva Energy’s gross profit firmed 17% to $788.9 million. Mt Gibson’s sales revenue dipped to $329.7 million, from $445.2 million a year earlier, while net profit slid 24% to $92.1 million. Wagner Holdings reported net profit after tax of $10 million. Financial software player Bravura Solutions reported 13.8% fall in financial 2021 profit to $34.6 million. Northern Star’s net profit climbed 299.7% to $1.03 billion. Medibank Private’s net profit advanced 39.8% to $441.2 million. Sky City’s reported profit dipped 33.7% to $NZ156.1 million. Seven Group’s net profit firmed 447.6% to $631.4 million. Zircon miner Iluka Resources has posted a half-year net profit up 61.7% to $129 million. Orocobre’s losses widened 14.7% to $US59.6 million. IDP Education’s earnings before interest and tax were $64.1 million, a 41% decrease on FY20. Adbri’s net profit firmed 94.5% to $56.6 million.

National Storage REIT grew underlying earnings by 28% to $86.5 million for the financial year that ended in June. Nine Entertainment’s net profit firmed 76% to $277.5 million. APA Group’s profit after tax 98.8% to $3.68 million due to significant one-off items. Engineering Group Worley’s net profit fell 50% to $86 million in financial 2021. IVE Group’s net profit rose to $29.5 million, improving on the $20.2 million loss from a year earlier. Growthpoint Properties has posted a financial 2021 statutory net profit of $553.2 million, versus $272.1 million in the prior year. McMahon Holdings’ Statutory net profit rose 19% to $77.2 million. Ferries and bus operator Sealink reports its underlying net profit climbed 152.6% in financial 2021 to $74.7 million. Aurelia Metals’ net profit firmed 46% to $42.9 million. Green whistle painkiller merchant Medical Developments has swung to a net loss of $12.6 million.

Clearview Wealth reported a 54% increase in underlying net profit after tax to $22.7 million. Dalrymple Day Infrastructure reported net profit of $113.2 million. Sunland Group’s net profit after tax surged from $2.4 million in FY20 to $24.9 million in FY21. Ridley’s EBITDA climbed $9.6 million to $69.1 million while total comprehensive income climbed to $29.9 million following a loss of $10.7 million a year earlier. E-commerce business MyDeal has swung to a $5.9 million loss. Zip Co has reported a staggering $652.5 million loss. Pent-up demand for youth fashion helped Universal Store lift net profit by 90% to $24.4 million in 2021.

And that’s it for this week. And next week, I’ll be talking to Cat Long, the CEO of Trace, a company set up to help businesses and individuals reduce and/or offset their carbon footprint. And I’ll be talking to economist Nicholas Gruen about ways to manage our superannuation.

In the meantime you can catch me on Facebook, Twitter and LinkedIn. And if you want leave a comment. Wishing you all a safe and healthy week. And looking forward to bringing you Talking Business next week

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