Australia’s telecommunications giant, Telstra, is gearing up for a significant workforce transformation that could see hundreds of jobs on the line as part of its strategic shift towards artificial intelligence (AI) technology. The company, with approximately 31,000 employees globally, is set to implement cuts across various departments in a move expected to have widespread implications.
The Australian stock market faced a tumultuous day as mining giants took a hit and trading partners felt the pressure from the Trump administration’s tariff threats. The Reserve Bank of Australia (RBA) added to the uncertainty by surprising investors with its decision to hold interest rates steady, causing fluctuations in both shares and currency values.
Donald Trump, the former President known for his bold and often controversial decisions, found himself in a predicament reminiscent of an auctioneer with no bidders in sight. However, this wasn’t about selling a property; it was about imposing tariffs under the guise of fair trade deals. Imagine Trump standing there in his signature ill-fitting suit
Lifestyle Communities, a listed land lease operator, is gearing up to challenge a groundbreaking tribunal decision that declared their substantial deferred management fees, commonly known as exit fees, as invalid under state tenancy laws. The ruling came down hard on Lifestyle Communities as Justice Ted Woodward found them in breach of Victoria’s tenancy regulations for
When it comes to investments, there are trends that catch the eye of big players in the market. And for global investment giant Barings, the self-storage boom in Australia is too good to pass up. With a hefty $200 million investment in Swift Storage, they have secured a majority stake in this high-tech, contactless self-storage
Before the election, there was a buzz in the business world about the Albanese government’s mounting budget deficits and growing public debt. It seemed like a pressing issue that needed to be addressed. Yet, post-election, when steps were taken to increase taxes on wealthy individuals’ superannuation to save up to $3 billion annually, it sparked
In the bustling world of startups, where innovative ideas are a currency and potential is king, small businesses often find themselves in search of that one big break. For Termina, a budding energy savings startup, that moment arrived when an Executive Vice President (EVP) decided to back them with a significant investment of $3 million
Superhero, the brainchild of cofounders John Winters and Wayne Baskin, has been making waves in the fintech industry. Recently, the superannuation and share trading platform secured a substantial $11 million in fresh capital. This infusion not only bolstered their financial standing but also catapulted their valuation by an impressive 20% within just three months. The
In the realm of cutting-edge technology, where innovation knows no bounds and possibilities are limitless, one groundbreaking creation stands out – MAVERIC. This $60 million marvel is not just a computer; it is a gateway to a future where artificial intelligence (AI) reigns supreme, promising to revolutionize Australia’s scientific landscape. Imagine a world where complex
In a world increasingly dominated by artificial intelligence, the Australian landscape is bracing itself for what many describe as an impending “AI apocalypse. ” The rapid advancements in AI technology have sparked a fierce debate between global tech giants advocating for an unregulated environment and the general public concerned about the potential impact on their