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Australian share market on Monday reaches two-week high but China issue looms

by Anas Siddiqui
Australian share market on Monday reaches two-week high but China issue looms

More positive than gloomy financial results have dragged the Australian share market into positive territory, although serious concerns about the iron ore price loom large. Jim Chalmers raised the alarm …

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Camera store founder saves Booktopia from financial collapse

by Walter Watson
Camera store founder saves Booktopia from financial collapse

Beleaguered book seller Booktopia has been saved from collapse via a buyout from digiDirect founder Shant Kradjian. The book chain went into voluntary administration in July. A representative for Mr …

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Black Star Pastry to close its doors in Melbourne due to ‘tough economic climate’

by Anas Siddiqui
Black Star Pastry to close its doors in Melbourne due to ‘tough economic climate’

A popular bakery chain has announced it will close its doors to Melbourne pastry lovers, citing a “tough economic climate”. Black Star Pastry will serve its final cake at its …

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Australia’s top wine producer Treasury Wine Estates posts mixed full-year results as profit drops 60pc

by Anas Siddiqui
Australia’s top wine producer Treasury Wine Estates posts mixed full-year results as profit drops 60pc

Treasury Wine Estates’ ambitious vision to be the world’s most desirable luxury wine company has been highlighted by a 13 per cent jump in full-year earnings, driven by its flagship …

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‘Falling behind’: Small business risks revenue with old tech, while quarter of Aussies still use cash

by Walter Watson
‘Falling behind’: Small business risks revenue with old tech, while quarter of Aussies still use cash

A quarter of Australians still rely on cash when purchasing from small businesses, a new report has found. A survey by small business accounting outfit Xero found 25 per cent …

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CFMEU blamed for driving up costs in building industry

by Anas Siddiqui
CFMEU blamed for driving up costs in building industry

The controversial CFMEU has made Australians poorer, a leading panel of building industry experts has claimed, inflating construction costs on everything from housing to large-scale public works projects while entrenching …

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Cost of living: 49 per cent of Aussie small businesses at risk of shutting down

by Anas Siddiqui
Cost of living: 49 per cent of Aussie small businesses at risk of shutting down

Nearly 1.25 million small businesses are at risk of shutting down as cost-of-living pressures hammer profit margins, a senate hearing into Australia’s cost-of-living crisis has been told. Council of Small …

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Bay Area loses thousands of jobs in July as tech layoffs jolt economy

by Vera Ward
Bay Area loses thousands of jobs in July as tech layoffs jolt economy

Bay Area employers slashed thousands of jobs in July, an unsettling economic setback that suggests the waves of layoffs in the wobbly tech industry have begun to undermine the region’s …

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Twiggy slaps down nuclear ambitions, as energy, materials up on ASX

by Anas Siddiqui
Twiggy slaps down nuclear ambitions, as energy, materials up on ASX

The ASX200 has bookended a week of recovery with a 1 per cent gain and a clean green sweep across all 11 sectors on Friday. The benchmark closed 1.3 per …

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Twiggy slaps down nuclear ambitions, as energy, materials up on ASX

by Anas Siddiqui
Twiggy slaps down nuclear ambitions, as energy, materials up on ASX

The ASX200 has bookended a week of recovery with a 1 per cent gain and a clean green sweep across all 11 sectors on Friday. The benchmark closed 1.3 per …

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