Coles and Woolworths, the supermarket chains that together control almost two-thirds of the Australian grocery market, are facing unprecedented scrutiny. One recent inquiry, commissioned by the Australian Council of Trade Unions and led by former Australian Consumer and Competition Commission chair Allan Fels, found the pair engaged in unfair pricing practices; an […]
Business
Young workers under 18 years of age occupy a unique and poorly understood position in Australia’s labour market. They contribute to crucial industries and the economy, but are uniquely vulnerable. Compared to adults, child workers experience high rates of workplace injuries, bullying and sexual harassment, wage theft and unpredictable hours. […]
Dow Jones, a global leader in news and business information, has unveiled its latest innovation, the Risk & Compliance Financial Instruments. The new venture is poised to elevate and streamline pre- and post-trade investment screening in response to the escalating complexity of the regulatory landscape. The financial services industry faces […]
Generation Z is putting pressure on banks to improve their customer service. Finance experts say a shifting landscape in consumer expectations is slowly unfolding, particularly among younger Australians, who are becoming increasingly pivotal for financial institutions. It comes amid a barrage of complaints and growing media scrutiny over everything from […]
As the son of strict Asian parents, Eugene Cheng did the unthinkable when he ditched his law career to clean other people’s dirty sneakers full-time. But six years on, he has no regrets as he’s laughing all the way to the bank. At the helm of The Sneaker Laundry, the innovative […]
A growing number of Australians are turning to credit cards to navigate the challenges posed by escalating living costs, new research shows. At least 15% of Australians, equivalent to 3 million people, have resorted to obtaining a credit card in the past 12 months, according to data released by comparison […]
In a bid to enhance workplace inclusivity for the 2.65 million Australians serving as unpaid carers, the federal government has unveiled a new Carer Inclusive Workplace Initiative. The initiative, introduced as part of the government’s commitment to fostering equal opportunities and dismantling employment barriers, aims to provide a supportive framework […]
As 2023 draws to a close, an air of cautious optimism is prevailing on Wall Street regarding stock market prospects in the upcoming year. Despite lingering risks, ranging from elevated inflation levels to political turmoil, analysts predominantly anticipate the ascent of equities in 2024. What fuels this positive outlook is […]
Tesla Motors was once cruising comfortably in the fast lane as the world’s biggest electric vehicle manufacturer. But the road ahead is starting to look bumpy as CEO Elon Musk grapples with intensifying competition and operational challenges in China, the world’s largest EV market. Just a year ago, Tesla’s remarkable […]
The abrupt closure of My Forex Funds, a significant player in the world of proprietary trading, continues to send shockwaves throughout the industry. The Commodity Futures Trading Commission (CFTC) made headlines last month after initiating legal proceedings against Murtuza Kazmi and his affiliated entities, collectively operating under the name “My […]
