Lifestyle

Millennials will start getting corporate board positions between now and 2025 — but it might not be as lucrative as it used to be

Australians millennials may be increasingly sought after to serve as board directors as large companies grapple with future-focused ethical and social issues, the Governance Institute of Australia has suggested. Millennials are expected to make up three quarters of the workforce by 2025 and Governance Institute CEO Megan Motto told Business […]
Millennials will start getting corporate board positions between now and 2025 — but it might not be as lucrative as it used to be
News

Subway Australia says it ‘makes no apology’ for helping franchise owners increase profits amid explosive claims of underpaying staff and a ‘toxic culture of bullying’

The Fair Work Ombudsman has confirmed it is investigating Subway, following an investigation by The Sydney Morning Herald and The Age which aired allegations of underpayment and bullying of staff. A Subway spokesperson told Business Insider Australia that franchisees are responsible for their own compliance standards. The spokesperson added that […]
Subway Australia says it ‘makes no apology’ for helping franchise owners increase profits amid explosive claims of underpaying staff and a ‘toxic culture of bullying’
News

Australia tipped to become ‘envy of the world’ in cannabis — as Aussie and US companies hunt for weed farm locations

Sydney startup Greenfield MC will launch a joint-venture business with US-listed company EPHS to cultivate medicinal cannabis in Australia, with Queensland’s Sunshine Coast a frontrunner for the operation. EPHS has tipped the Australian cannabis industry to become the “envy of the global market” and gateway to the burgeoning Asian market […]
Australia tipped to become ‘envy of the world’ in cannabis — as Aussie and US companies hunt for weed farm locations
Tech

A potential investor lost interest in this Aussie entrepreneur’s Atlassian-backed jobs platform when she disclosed her pregnancy — now she’s raised $2.2 million

Australian jobs platform Work180 has raised $2.2 million to fund its expansion to the UK. The funding round was led by Skip Capital, the private investment fund of Atlassian co-founder Scott Farquhar and partner Kim Jackson, and saw venture capital players Investible and Giant Leap invest $500,000 each, Business Insider […]
A potential investor lost interest in this Aussie entrepreneur’s Atlassian-backed jobs platform when she disclosed her pregnancy — now she’s raised $2.2 million
News

Probe into Crown Casino’s links to drugs and crime could embroil business heavy hitters — including James Packer, former AFL boss Andrew Demetriou and ad man Harold Mitchell

The federal government has launched an integrity investigation into Crown Resorts and a number of Commonwealth officials after reports by Nine-owned media outlets alleged Chinese criminal figures were fast-tracked through Australian immigration and that the gaming company had ties to drugs, prostitution and human trafficking. The Crown board of directors […]
Probe into Crown Casino’s links to drugs and crime could embroil business heavy hitters — including James Packer, former AFL boss Andrew Demetriou and ad man Harold Mitchell
Tech

Google and Facebook react to Australian government crackdown — and their lobby group is worried about ‘unintended consequences’

The Australian government has released the final report of a 12-month investigation into the digital media landscape and the market dominance of Google and Facebook, making 23 recommendations for reform. The Digital Industry Group Inc (DIGI) — a lobby group representing Facebook, Google, Twitter and other digital platforms — is […]
Google and Facebook react to Australian government crackdown — and their lobby group is worried about ‘unintended consequences’
News

Former Channel 7 executive reportedly arrested over $8 million fraud

John Fitzgerald has been arrested over an alleged fraud to the tune of $8 million against his former employer Seven West Media, the Sydney Morning Herald has reported. Fitzgerald worked for the company for over 15 years and held senior roles in finance and TV programming. NSW Police has confirmed […]
Former Channel 7 executive reportedly arrested over $8 million fraud
News

Aussie swimmer Mack Horton’s protest against Chinese rival and accused drug cheat Sun Yang could get super awkward for Gina Rinehart

Australian Mack Horton has sparked controversy at the swimming world championships in Korea, refusing to stand on the podium alongside Chinese opponent and accused drug cheat Sun Yang. Sun responded that Horton is guilty of “disrespecting China”, while the national manager of China’s swimming team has previously criticised the Aussie […]
Aussie swimmer Mack Horton’s protest against Chinese rival and accused drug cheat Sun Yang could get super awkward for Gina Rinehart
News

A former waiter at George Calombaris’ restaurant says the Masterchef judge still owes her $2,000 and has started a petition to get him off the air

Union organiser and former waiter Orlaith Belfrage has accused celebrity chef George Calombaris and the company he founded, Made Establishment, of owing outstanding unpaid wages of $2,000. Made Establishment claims to have “calculated and paid” all oustanding wages and super to ripped off workers after entering into an agreement with […]
A former waiter at George Calombaris’ restaurant says the Masterchef judge still owes her $2,000 and has started a petition to get him off the air
News

Masterchef judge George Calombaris fined a measly $200,000 for ripping off employees $7.8 million – as he’s compared to a ‘bank robber’

Melbourne hospitality company Made Establishment, founded by TV chef George Calombaris, has back-paid workers $7.8 million in unpaid wages and super, the Fair Work Ombudsman has revealed. Calombaris will pay a $200,000 “contrition payment” to the government coffers and give public speeches educating the restaurant industry on the “importance of […]
Masterchef judge George Calombaris fined a measly $200,000 for ripping off employees $7.8 million – as he’s compared to a ‘bank robber’
News

Uber Eats bullied restaurants into taking responsibility for botched deliveries that weren’t their fault, and is now pledging to change its contracts

Uber Eats has been wrist-slapped by the Australian Competition and Consumer Commission for “unfair contract terms” that made restaurants on its platform responsible for deliveries they didn’t control. An investigation by the ACCC found Uber Eats has been engaging in the bullying tactics since at least 2016. The ridesharing food […]
Uber Eats bullied restaurants into taking responsibility for botched deliveries that weren’t their fault, and is now pledging to change its contracts
News

China is running forced labour camps in the remote province of Xinjiang — and retailers like Ikea, Target, Cotton On, Jeanswest and H&M are embroiled in the scandal

An investigation by the ABC’s Four Corners program has unveiled evidence of detained Uighur minority group members being forced into factory labour in China. The investigation named retailers Target, Cotton On, Jeanswest, Ikea, Dangerfield and H&M as sourcing cotton for their products from the troubled Xinjiang province. Business Insider Australia […]
China is running forced labour camps in the remote province of Xinjiang — and retailers like Ikea, Target, Cotton On, Jeanswest and H&M are embroiled in the scandal
Markets

A Melbourne cybercriminal has been jailed for insider trading, but the company he hacked is also in trouble with the regulator

Hacker Steven Oakes has been sentenced to three years’ imprisonment after pleading guilty to 11 charges including insider trading. Oakes targeted independent media company Port Phillip Publishing, gaining access to the company’s stock reports and ‘buy recommendations’ before they were published, profiting to the tune of $200,000. Port Phillip Publishing […]
A Melbourne cybercriminal has been jailed for insider trading, but the company he hacked is also in trouble with the regulator
Lifestyle

Airbnb eyes bigger slice of experience economy with launch of 200 new ‘bucket list worthy’ adventures, from African lion-tracking expeditions to Amish farmstays

Airbnb has launched Airbnb Adventures, a new business offering 200 “bucket list worthy” travel experiences hosted by “local experts”. The launch collection includes a trek in the Amazonian jungle, a lion-tracking expedition with Samburu warriors in Kenya, a stay in an abandoned mining town in the US southwest and a […]
Airbnb eyes bigger slice of experience economy with launch of 200 new ‘bucket list worthy’ adventures, from African lion-tracking expeditions to Amish farmstays
Tech

eBay Australia boss warns new retail market players they should ‘partner, not come in and seek to disrupt and destroy’ — as experts say Amazon’s local rollout is on track

eBay is still the dominant player in Australian e-commerce, but Amazon is “nipping at its heels” according to market analyst Anastasia Lloyd-Wallis. Amazon has achieved 7% market penetration for its Prime product in just 12 months, but 50% of Australian consumers are still not sure they can trust the American […]
eBay Australia boss warns new retail market players they should ‘partner, not come in and seek to disrupt and destroy’  — as experts say Amazon’s local rollout is on track
Tech

Afterpay in hot water with Australia’s terrorism financing watchdog — just one day after trumpeting its US retail success

Payments platform Afterpay is in dialogue with AUSTRAC, Australia’s financial intelligence agency, over issues relating to compliance with anti-money laundering and counter-terrorism financing laws. The ‘buy now, pay later’ service pioneer says it hasn’t identified any money laundering or terrorism financing activity on its platform, but confirmed that AUSTRAC has […]
Afterpay in hot water with Australia’s terrorism financing watchdog — just one day after trumpeting its US retail success
News

This ABC journalist live-tweeted the entire federal police raid, and the reporting is pure gold

Australian Federal Police officers raided the Australian Broadcasting Corporation’s Ultimo headquarters on Wednesday, seizing documents relating to The Afghan Files, a series of 2017 leaked documents alleging Australian special forces were involved in unlawful killings in Afghanistan. National and global media outlets and representative organisations have criticised the raid as […]
This ABC journalist live-tweeted the entire federal police raid, and the reporting is pure gold
News

Afterpay inks deal with iconic brands Levi’s and Ray-Ban, deepening its US footprint and sending its stock price surging

Australian ‘buy now, pay later’ service Afterpay has announced new distribution partnerships with US retailers including Levi’s, Ray-Ban, O’Neill and Tarte Cosmetics. Shares in Afterpay on the Australian Securities Exchange surged 7.079% on Wednesday to $23.90 — the best performer of the day’s trade. The US expansion follows concerns raised […]
Afterpay inks deal with iconic brands Levi’s and Ray-Ban, deepening its US footprint and sending its stock price surging
News

100,000 Australians at risk of fraud as hackers attack Westpac’s PayID platform

Westpac has come under cyber attack, putting almost 100,000 Australian banking customers at risk, according to The Sydney Morning Herald. The hackers are reportedly based overseas and conducted an “enumeration attack” of the bank’s PayID platform. Westpac has confirmed the breach and apologised to customers but says the cybercriminals will […]
100,000 Australians at risk of fraud as hackers attack Westpac’s PayID platform
News

Three Chinese warships dock in Sydney Harbour — but were they even invited?

Three warships and as many as 700 sailors belonging to China’s People’s Liberation Army are currently docked at Garden Island in Sydney Harbour. ABC News is reporting that the visit is a “surprise” but Prime Minister Scott Morrison reportedly said the government was aware of the exercise. The visit comes […]
Three Chinese warships dock in Sydney Harbour — but were they even invited?
Tech

Canva under cyber-attack, with reportedly as many as 139 million users affected

San Francisco-based, Australia-founded graphic design platform Canva has experienced a “security incident” which has given unauthorised third parties access to user data. The Australian Cyber Security Centre is urging Canva users to change their passwords. Technology website ZDNet is reporting that hacker organisation GnosticPlayers has claimed responsibility for the attack, […]
Canva under cyber-attack, with reportedly as many as 139 million users affected
News

Hungry Jack’s and CSIRO scientists to develop meat-free Whopper

It’s not every day you see scientists backing product development by fast food giants. But Australia’s scientific research agency, the CSIRO, is doing exactly that, as it announces its venture capital arm is launching a company with the owner of iconic burger chain Hungry Jack’s. Investment manager Main Sequence Ventures, […]
Hungry Jack’s and CSIRO scientists to develop meat-free Whopper
Lifestyle

Jamie Oliver pens emotional email to staff following the collapse of his restaurant business – but worker claims he was first told by KPMG administrators

British chef and TV personality Jamie Oliver wrote an emotional email to staff announcing his UK restaurant chain was entering administration, UK newspaper Metro has reported. KPMG administrators say tough business conditions for the British casual dining market, coupled with a failed investment campaign, caused the collapse. A former Jamie’s […]
Jamie Oliver pens emotional email to staff following the collapse of his restaurant business – but worker claims he was first told by KPMG administrators
Lifestyle

Jamie Oliver ‘devastated’ as his UK restaurant empire collapses

British chef and TV personality Jamie Oliver has filed for bankruptcy protection for his UK restaurant chain. Two restaurants and a diner at Gatwick Airport will remain open while administrators investigate. The bankruptcy follows the collapse of Oliver’s Australian restaurant business in 2018. British celebrity chef Jamie Oliver has taken […]
Jamie Oliver ‘devastated’ as his UK restaurant empire collapses
News

Coalition clinches majority government — here’s what it means for you

While Prime Minister Scott Morrison enjoyed a cold one at the ‘Shark Park’ rugby league grounds in his electorate of Cook on Sunday, the ABC’s election computers were still working overtime. By 11.30pm on Saturday night, Morrison’s Liberal-National Coalition had secured enough seats to stop Labor from winning the election, […]
Coalition clinches majority government — here’s what it means for you
News

Why Magda Szubanski called Labor’s campaign a ‘Franking-stein’s monster’

Australia’s Liberal-National Coalition has won 74 seats in the House of Representatives, with 5 electorates still in doubt. The Labor Opposition won just 66, its primary vote down 1.4%. Commentators have pointed to a “presidential-style” campaign from Australia’s prime minister and compared it to the 2016 US election. US President […]
Why Magda Szubanski called Labor’s campaign a ‘Franking-stein’s monster’
Lifestyle

5 lesser-known moments that prove Bob Hawke was a deadset legend

Tributes are pouring in thick and fast from all corners of Australia following the announcement that former Australian Prime Minister Bob Hawke has died. Despite being a Rhodes Scholar and responsible for key economic and social policy reforms, Hawke also had a reputation as a larrikin and knockabout, with an […]
5 lesser-known moments that prove Bob Hawke was a deadset legend
Tech

Fintech lender Prospa launches $110 million IPO after botched first attempt

Everyone deserves a second chance. And now Australian fintech-enabled small business lender Prospa will get one, as it confirms its intentions to list on the ASX. Again. In a a prospectus lodged with the exchange on Thursday, Prospa announced it is seeking to raise $109.6 billion with an initial public […]
Fintech lender Prospa launches $110 million IPO after botched first attempt
News

10 things you need to know this morning in Australia

Good morning! 1. Apple falling from the tree? The US Supreme Court has given the green light to a lawsuit against Apple on anti-competitive grounds, which could affect its ability to generate revenue from the App Store. 2. Things are going from bad to worse for Julian Assange. The WikiLeaks […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

1. The final week of #AusVotes19 has kicked off with the Liberal Party officially launching its campaign on Sunday with a no frills event. At the event, Prime Minister Scott Morrison unveiled a new first home buyers scheme, in a last ditch effort to woo young Australians. It will allow […]
10 things you need to know this morning in Australia
News

Scott Morrison unveils election promise allowing first home buyers to purchase property with just a 5% deposit — as long as you’re not earning too much

If you were out enjoying Mother’s Day with loved ones on Sunday, you’d be forgiven for not knowing that Australia’s governing Liberal-National Coalition formally kicked off its election campaign, less than a week out from the polls. Amid little fanfare, Prime Minister Scott Morrison addressed the party faithful in Melbourne, […]
Scott Morrison unveils election promise allowing first home buyers to purchase property with just a 5% deposit — as long as you’re not earning too much