From Guterres to warning Ghosn
Here are some of the top quotes from the World Economic Forum (WEF) in Davos on Thursday, where the business elite faced yet more accusations of inaction on climate change. ‘Climate change is running faster than we are. I believe we are losing the race.’ – UN chief Antonio Guterres sounds the alarm on global warming…
Professor to investigate NSW fish deaths
A mass fish kill in NSW will be examined by a water and climate expert, as part of the federal government’s efforts to understand the ecological disaster. Water Minister David Littleproud launched the review on Tuesday, with the probe to look at why the fish died and how future deaths can be avoided within the…
Coca-Cola signs Pizza Hut to Aussie empire
After securing the business of Hungry Jack’s, Red Rooster, and Oporto, Coca-Cola Amatil has signed Pizza Hut to a five-year beverage supply deal for its 285 Australian restaurants. The deal comes about 18 months after the beverage giant lost its Domino’s Pizza contract to rival Pepsi-Schweppes. Coca-Cola announced on Thursday it would be Pizza Hut’s…
Stable Wall Street to reverse ASX sell-off
The Australian sharemarket is tipped to rise slightly at its open, reversing Friday’s losses on the back of firm performance on Wall Street and in Europe. The ASX200 futures saw a 20-point decline on Friday ahead of an expected weakness on Wall Street that never really eventuated, AMP Capital’s chief economist Shane Oliver told AAP…
Amazon becomes most valuable publicly-traded company
Amazon for the first time closed out Monday’s trading session as the world’s biggest publicly-traded company, overtaking Microsoft and other fellow tech behemoths.The online sales goliath assumed the top spot after notching a 3.4 percent gain to finish with a market capitalization of $796.8 billion, about $13.2 billion more than Microsoft.Led by Chief Executive Jeff…
Record number retiring
Hospitality set to overtake; Record number retiringEmployment by Industry; Aviation activityEmployment by industry: Employment rose by 52,900 in the three months to November after a gain of 99,500 in the previous three months. Over the past 12 months, 284,800 people have found jobs. A record 12.69 million Aussies are employed.Biggest job gainers: Over the quarter,…
Facebook board backs embattled executive Sheryl Sandberg
The Facebook board of directors on Tuesday backed the social network’s number two executive Sheryl Sandberg, who is under fire for her role in pushing back against criticism of the social media giant.The board expressed support for Sandberg in a letter to Open Society Foundations – an organization backed by philanthropist and Facebook critic George…
BHP Billiton settles tax dispute with Australian tax office
Mining giant BHP Billiton has admitted defeat in a long-running tax standoff with Australian authorities over a ruling that it owed money over a 15-year span for its dealings in Singapore. The dispute centered around whether BHP had to pay taxes on a subsidiary based in the city state of Singapore, given that its account…
Tech leaders call for greater social media regulation
Social networks need better regulation to stop them spreading ‘fake news’ and undermining democracy, disillusioned tech pioneers said at an industry conference that closed in Lisbon Thursday.The issue has come to the fore after the spread of false information, and allegations of Russian meddling, during election campaigns around the world.‘I think we’re only 10 percent…
Only 20% say banks are ethical and fair
Just one in three people believe their bank has their best interests at heart, while the same number trust their bank would to admit to making a mistake. And that was before the interim royal commission report on the sector’s poor culture and systemic wrongdoings. The release of inaugural Deloitte Trust Index for banking on…
