News

Guzman y Gomez founder Steven Marks says speed, quality and a drive-thru will make the Aussie chain successful in the US – which he says has a ‘culture of mediocrity’

Australian fast food chain Guzman y Gomez has launched its first store in the United States. Founder Steven Marks says the chain can be successful in the US, despite the country’s many existing Mexican fast food restaurants. Marks says the key to success will be GYG’s balance between speed and […]
Guzman y Gomez founder Steven Marks says speed, quality and a drive-thru will make the Aussie chain successful in the US – which he says has a ‘culture of mediocrity’
News

10 things you need to know this morning in Australia

Good morning. Surely, surely you’re kicking into 2020 gear by now. 1. Something grim to launch your week. A terrifying report in the New York Times covers a “groundbreaking” data platform named Clearview AI, which allows users to upload a photo of someone and instantly be presented with an array […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Hey gang. Friday’s here. 1. Yesterday brought news the ASX had rocketed past 7,000 points for the first time, on the back of the US-China trade deal. Now some investors are a unsettled. Some leading investors believe the boost, supported by record low interest rates, isn’t supported by earnings in […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Hello hello. Let’s see what’s going on, shall we? 1. The bushfires have caused domestic tourists to abandon regional Victoria and NSW, leading to cancellation rates of 60 percent even in towns outside bushfire zones. That’s led to an economic impact of up to $1 billion, and industry experts are […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Hello hello. Let’s get it. 1. In what the $7 trillion investment firm BlackRock’s CEO Larry Fink calls a “fundamental reshaping of finance”, climate change will become the centre of the company’s investment strategy going forward. Fink says this will involve exiting investments with “high sustainability-related risk” like thermal coal […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

G’day all. 1. Jeff Bezos is copping a pizzling for Amazon’s $1 million donation to Australian bushfire recovery. Bezos made an Instagram post pledging the donation on Sunday local time. A million bucks is obviously lovely, but – as some have pointed out – it is the amount Bezos was […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Hello. It’s Monday. 1. If polls are to be believed – and, after the election result in May, it’s a big if – Scott Morrison and the Coalition have taken a huge popularity hit. The first Newspoll of the year puts Labor ahead 51-49 on a two-party-preferred basis, but its […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Hello all. TGIF. 1. Canadian Prime Minister Justin Trudeau says intelligence indicates an Iranian missile shot down the Ukrainian Airlines flight earlier this week, which crashed with 63 Canadians on board. In total, all 176 people aboard the flight were killed in the crash. Media reports indicated Thursday that an […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Good morning. 1. Prince Harry and Meghan Markle have announced they are stepping away from royal duties. This is basically the equivalent of ‘resigning’ from the Royal Family, inasmuch as you can actually do that. The couple said they would split their time between the UK and North America and […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

The first hump day of the year – what a treat. 1. The UK Parliament discussed the Australian bushfires overnight, with the Speaker of the House of Commons describing them as a “wake-up call for the world”. “The magnitude of the disaster unfolding in Australia should shock us all, with […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Good morning. 1. Scott Morrison has pledged at least $2 billion in investment over the next 2 years for a “bushfire recovery fund” to help rebuild devastated regions. The money, which will be allocated by a new agency headed up by former AFP boss Andrew Colvin, will be provided to […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Good morning, everyone. Hope you all had a refreshing break. Let’s do it. 1. An update on the bushfires According to authorities, there is a threat of a “mega fire” forming from three separate blazes on the NSW-Victoria border, leaving a very short period of reprieve for firefighters battling the […]
10 things you need to know this morning in Australia
News

The Financial Times has published a brutal editorial on the Australian government’s ‘lamentable’ response to the climate crisis

The Financial Times has joined a number of international publications in condemning Australia’s political inaction on climate change, as bushfires rage around the country. In an editorial, the FT criticised Australia’s “lamentable response” and “inaction” on climate change. It comes amid a firestorm of criticism for Scott Morrison, as he […]
The Financial Times has published a brutal editorial on the Australian government’s ‘lamentable’ response to the climate crisis
Markets

Sweden has ended its experiment with negative interest rates, not long after RBA governor Philip Lowe said it isn’t on the cards for Australia

Sweden has ended its experiment with negative interest rates after five years, raising the rate by a quarter point to zero. The country’s central bank governor Stefan Ingves said negative rates had worked well, boosting inflation and economic activity. The decision comes soon after Reserve Bank governor Philip Lowe’s November […]
Sweden has ended its experiment with negative interest rates, not long after RBA governor Philip Lowe said it isn’t on the cards for Australia
News

10 things you need to know this morning in Australia

Good morning. It’s the final day of the working year, and therefore the final day of this newsletter until the beginning of January. I trust you’ll be able to fumble your way through the news until then. 1. Scott Morrison is returning from his family holiday. The prime minister’s office […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Happy hump day, team. 1. NAB is the latest bank to go under the microscope, with ASIC alleging the bank violated the law more than 10,000 times, leaving it exposed to massive fines. The regulator claims the violations happened over the course of five years by issuing misleading product disclosure […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Good morning. The end of the year is in our sights. 1. As wages, jobs and economic growth sink, the government has been forced to cut its promised surplus almost in half. The government’s Mid-Year Economic and Fiscal Outlook (MYEFO) yesterday offered fairly grim prospects for the economy, with unemployment […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Morning. Hope you all had excellent weekends. 1. Australia is getting its own equivalent of the NASDAQ. According to the AFR this morning, a new S&P technology index will launch in February, giving greater clarity to investors tracking ASX tech stocks. At present, those watching the fast-growing sector individually analyse […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Hello folks. It’s Friday. 1. Our friends in the UK have been voting. Exit polls are likely going to drop just as you’re reading this dispatch, and maybe they’ll provide a little more clarity as to what is going to happen. At the moment, both a hung parliament led by […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Good morning, folks. 1. In news which will surprise no one, teen climate activist Greta Thunberg has been named Time’s Person of the Year. Time wrote that Thunberg “has succeeded in creating a global attitudinal shift, transforming millions of vague, middle-of-the-night anxieties into a worldwide movement calling for urgent change.” […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Good morning. 1. It doesn’t take a scientist to recognise yesterday’s bushfire smoke in Sydney, which took visibility down to metres and made being outside literally hazardous, was the worst in memory. According to the SMH, it was the worst single day for air pollution on record, and Sydney has […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Good morning. 1. Three Australians are feared dead in the devastating volcanic eruption in New Zealand. The volcano, known as Whakaari or White Island, erupted yesterday afternoon, sending a vast plume of smoke and ash into the sky. There were around 100 people on the island at the time, with […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Happy Monday. The end of the year is in sight. 1. After the Grill’d CEO sent a panicked email to staff the other week prefacing a negative story about the burger company, we’ve all been waiting to find out what it was. Turns out it was about five stories, as […]
10 things you need to know this morning in Australia
News

The government is paying ‘The Block’ star Scott Cam $345,000 as a ‘careers ambassador’ – and Scott Morrison reckons it’s worth every penny

Prime Minister Scott Morrison has been forced to defend the federal government paying “The Block” star Scott Cam $345,000 for a 15-month contract as a “careers ambassador” encouraging young people to get into trades. The dollar figure was revealed in Senate estimates, after the government initially refused to disclose it […]
The government is paying ‘The Block’ star Scott Cam $345,000 as a ‘careers ambassador’ – and Scott Morrison reckons it’s worth every penny
News

10 things you need to know this morning in Australia

Good morning. 1. The NSW bushfire crisis continues to intensify, with seven fires around the state classified as burning at emergency warning level on Thursday. An “explosion of fire” forced firefighters to flee a blaze burning south-west of Sydney, while a particularly bad fire rages in Shoalhaven on the state’s […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Good morning. We’re nearly at Friday. 1. There’s truly nothing better than a hot mic. A video from a NATO reception at Buckingham Palace appears to show several world leaders, including UK Prime Minister Boris Johnson, Canadian Prime Minister Justin Trudeau, and French President Emmanuel Macron, having a laugh about […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Happy Wednesday. 1. Google cofounders Larry Page and Sergey Brin are stepping down from parent company Alphabet, from their roles of CEO and President respectively. This news has literally just broken, and all we know is Google CEO Sundar Pichai will take over as CEO of Alphabet. Pretty wild! https://twitter.com/CaseyNewton/status/1201977712232910848 […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Good morning. 1. Sydney is currently blanketed in smoke, thanks to blazes ensconcing the city from all sides. The Bureau of Meteorology says it is likely Sydney will be smothered in smoke for at least the next few days and perhaps even beyond that. I was at Sydney’s Centennial Park […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Happy Monday. 1. A class action lawsuit against Woolworths over the $300 million underpayment of workers has begun in the Federal Court. Adero Law, the firm representing former night manager Cameron Baker — who is leading the action — estimates the total bill could run as high as $620 million. […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Hello. And a very happy TGIF to you. 1. The Morrison government sustained a serious blow in the Senate yesterday afternoon, as its landmark union-busting bill collapsed. The Ensuring Integrity bill, which would have made it easier to deregister unions and ban officials, was widely expected to pass until it […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Hello folks. Thursday is here. 1. More on the Westpac disaster: It turns out the scale of the company’s breach was much larger than originally reported, but six million breaches are outside the statute of limitations. Westpac’s official account of the scandal shows junior-level staff identified problems with the bank’s […]
10 things you need to know this morning in Australia
Markets

RBA governor Philip Lowe says negative interest rates aren’t on the cards – but outlined what he’d need to pull the trigger on quantitative easing

Reserve Bank governor Philip Lowe has issued his strongest statement yet on unconventional monetary policy in Australia, during a speech to the Australian Business Economists on Tuesday night. Shooting down speculation the RBA was contemplating introducing measures like negative interest rates and quantitative easing, Lowe said such tactics were “extremely […]
RBA governor Philip Lowe says negative interest rates aren’t on the cards – but outlined what he’d need to pull the trigger on quantitative easing
News

10 things you need to know this morning in Australia

Happy hump day. 1. Both Westpac CEO Brian Hartzer and chairman Lindsay Maxsted are on their way out amid the money laundering scandal engulfing the bank, but their pain isn’t quite over. Both men are now facing calls from Labor to front a parliamentary inquiry to establish how all of […]
10 things you need to know this morning in Australia
News

‘A free pass to pedophiles’: Here’s your guide to the Westpac money laundering scandal rocking the bank

Westpac CEO Brian Hartzer stepped down on Tuesday morning amid allegations that the bank violated money laundering laws. It’s alleged more than 23 million Westpac transactions breached anti-money laundering and counter-terrorism finance laws. As the scandal grows, it’s likely Westpac’s pain is only going to worsen. Visit Business Insider Australia’s […]
‘A free pass to pedophiles’: Here’s your guide to the Westpac money laundering scandal rocking the bank
News

10 things you need to know this morning in Australia

Happy Tuesday. 1. Uber has lost its licence to operate in London, one of the company’s biggest markets globally. London’s transport regulator said Uber was not “fit and proper” to hold the licence, thanks to a “pattern of failures” relating to fraudulent drivers using the service. Transport for London said […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Hello and welcome to Monday. 1. Australian authorities are investigating claims a Chinese espionage ring attempted to install an agent in Parliament. It follows reports in the Nine papers over the weekend that Chinese intelligence sought to pay for the political campaign of Liberal Party member and Melbourne luxury car […]
10 things you need to know this morning in Australia
News

10 things you need to know in Australia this morning

TGIF, team. 1. Refugee and journalist Behrouz Boochani, who has been held by the Australian government for six years on Manus Island and Port Moresby, has landed in New Zealand where has been granted a visitor visa. He will appear at the WORD Christchurch literary event on November 29. It’s […]
10 things you need to know in Australia this morning
News

10 things you need to know this morning in Australia

Howdy, team. 1. The impeachment hearings against Donald Trump, which promise to be an absolute circus, have officially begun. Live updates are filtering through here, including a stream you can tune into if you want to procrastinate at work by watching history (potentially) unfold. Two career diplomats gave what our […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Good morning. 1. A positive update on the fire situation in eastern Australia. As of just past 8am, no fires are burning at emergency level in New South Wales, and no deaths were reported over night, which is great news. But fire danger remains very high today, and some fear […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Good morning. 1. Things are not looking great today in Australia’s east. Parts of New South Wales, including Sydney, are bracing for unprecedented and catastrophic bushfire danger, with fires in the state already claiming the lives of three people and destroying more than 150 homes. In Victoria, the government is […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Happy Monday. Hope your weekends were swell. 1. The greater Sydney area has had its fire danger warning raised to ‘catastrophic’ for the first time ever. A statewide fire ban has been called to help contain the more than 60 fires which continue to rage throughout New South Wales. The […]
10 things you need to know this morning in Australia
News

10 things you need to know in Australia this morning

Friday. We made it. We did it together. 1. Bill Gates sat down for a wide-ranging interview at the DealBook Conference in New York on Thursday. He talked about a lot, but the soundbite getting the most airplay today is his commentary on tax. The Microsoft co-founder says he’s not […]
10 things you need to know in Australia this morning
Tech

The Australian government has released its 8 principles for the ethical use of AI – but killer robots don’t rate an explicit mention

The Australian government has released its ethics framework for businesses and organisations who design, develop, integrate or use artificial intelligence. It consists of 8 voluntary principles which set out basic standards for AI implementation. It comes among concerns from some that increasingly advanced AI will be disruptive – and not […]
The Australian government has released its 8 principles for the ethical use of AI – but killer robots don’t rate an explicit mention
News

Most Australian cinemas are boycotting Martin Scorsese’s Netflix movie ‘The Irishman’ – here’s where you can catch it on the big screen

Martin Scorsese’s new film “The Irishman” begins its limited cinematic release today, but the major Australian cinema chains aren’t running it. The Netflix-produced film has been a source of drama, with major cinema chains bristling at Netflix’s narrow theatrical release window. But there are still independent cinemas running it in […]
Most Australian cinemas are boycotting Martin Scorsese’s Netflix movie ‘The Irishman’ – here’s where you can catch it on the big screen
News

10 things you need to know this morning in Australia

Happy Thursday. We’re nearly there. 1. Not a great day to be Mark Zuckerberg, folks. Thousands of pages of internal Facebook documents were published online overnight, shedding light on how the social media behemoth profited from user data and fought its competitors. The data was originally compiled as part of […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Happy hump day. 1. The RBA kept the cash rate on hold at 0.75%, surprising basically nobody. This is despite the fact its clear the Australian economy is in fairly dire shape, with retail spending at recessionary conditions. Most experts think the Reserve Bank will likely slash the cash rate […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Welcome to Tuesday. 1. A second executive is out at McDonald’s following the resignation of CEO Steve Easterbrook over “a consensual relationship with an employee.” Chief people officer David Fairhurst is also out the door – but despite the timing, McDonald’s claims it has nothing to do with the firing […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Happy Monday. 1. Airbnb has announced it is banning “party houses” after a shooting at a California house party killed 5 people. It’s already against company policy to throw unauthorised parties in places you book through the platform, but the company says it will tighten those rules even further, and […]
10 things you need to know this morning in Australia
News

10 things you need to know in Australia this morning

Good morning. As always, a hearty TGIF to you and yours. 1. Qantas has confirmed it found cracks in three Boeing 737s following an audit this week. In a statement, Qantas said, “Of the 33 of Qantas’ 737 aircraft that required inspection, three were found to have a hairline crack […]
10 things you need to know in Australia this morning
News

10 things you need to know this morning in Australia

Good morning. 1. Twitter has announced it will no longer run political ads, in what is quite obviously a strategic jab at Facebook. “We believe political message reach should be earned, not bought,” CEO Jack Dorsey posted on his own Twitter. It comes as Facebook faces increasing heat both from […]
10 things you need to know this morning in Australia
News

10 things you need to know in Australia this morning

Welcome to Wednesday. 1. The UK is officially locked in for a general election, after the Labour Party backed Boris Johnson’s plan for a pre-Christmas poll. Previously, Labour leader Jeremy Corbyn had expressed his party’s opposition to an early vote – but acceded once the EU extended the Brexit deadline […]
10 things you need to know in Australia this morning
News

10 things you need to know this morning in Australia

Good morning. 1. Apple has unveiled the next generation of its AirPods wireless headphones: the AirPods Pro. The AirPods Pro come with active noise-cancelling tech, are water-resistant, and have a new form factor. If you want a deeper dive into how they compare to the regular model, head over here. […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Happy Monday! 1. Donald Trump announced in a press conference the death of ISIS leader Abu Bakr al-Baghdadi following a raid by US forces in Syria. In a particularly Trumpian presser, the president offered a graphic account of the events, saying al-Baghdadi ignited a suicide vest causing an explosion, which […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Once again, I have no choice but to wish you all an excellent TGIF. 1. Apple has been facing scrutiny for its decision to pull an app from the App Store used by Hong Kong protesters to monitor police activity. In a memo to staff, CEO Tim Cook backed the […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Thursday! 1. Turkey has launched military action against the Kurds in Syria, days after Trump announced US forces would be leaving the region. Turkish president Recep Tayyip Erdogan described Operation Peace Spring in a tweeted statement as “a mission against against PKK/YPG and Daesh terrorists in northern Syria.” Trump’s earlier […]
10 things you need to know this morning in Australia
News

10 things you need to know in Australia this morning

G’day. Welcome to Wednesday. 1. The Reserve Bank has sent its strongest indication yet it is considering radical policy options like quantitative easing and negative interest rates. In a new report, RBA governor Philip Lowe endorsed the unconventional tactics, but said he’d be reluctant to deploy them unless the government […]
10 things you need to know in Australia this morning
News

10 things you need to know this morning in Australia

Happy Tuesday, crew. 1. The world’s central bankers are telling us that low interest rates are going to be a fact of life for a long while yet. A report from the Bank for International Settlements (BIS), overseen by RBA governor Philip Lowe, calls on governments to do more to […]
10 things you need to know this morning in Australia
News

The Commonwealth Bank is facing 87 criminal charges for allegedly hawking life insurance through unsolicited phone calls

The Commonwealth Bank is facing 87 criminal charges over allegations its one-time subsidiary CommInsure hawked life insurance products with unsolicited phone calls. Each charge carries a maximum penalty of $21,250. In a statement, the Commonwealth Bank says it self-reported the breaches of anti-hawking legislation to ASIC. The Commonwealth Bank’s life […]
The Commonwealth Bank is facing 87 criminal charges for allegedly hawking life insurance through unsolicited phone calls
News

10 things you need to know in Australia this morning

It’s that most wonderful day of the week, folks. TGIF. 1. Scott Morrison delivered a major foreign policy speech in which he slammed the “unaccountable internationalist bureaucracy” – not naming names – which he says should not be calling the shots on migration and climate change. It probably sounds more […]
10 things you need to know in Australia this morning
News

10 things you need to know this morning in Australia

Good morning. 1. Boris Johnson has revealed his final Brexit offer to the European Union. The plan seeks to address the Irish border problem by establishing a ‘soft’ system of customs declarations within an “all-island” regulatory zone – a strategy which is sure to raise the rankles of the Republic […]
10 things you need to know this morning in Australia
Strategy

A startup with the lofty goal of ‘eliminating single-use plastics in every Aussie kitchen, bathroom and laundry’ has raised $60,000 in crowdfunding on day one

Aussie startup Zero Co wants to elimate single-use plastics in the packaging of household items. Founder Mike Smith wants to raise $250,000 through Kickstarter to fund the first production run of a series of recycled plastic dispensers and a “closed loop” system of refills. In the first day of the […]
A startup with the lofty goal of ‘eliminating single-use plastics in every Aussie kitchen, bathroom and laundry’ has raised $60,000 in crowdfunding on day one
News

10 things you need to know this morning in Australia

Happy hump day. 1. The RBA has slashed the interest rate again, bringing it down to 0.75%. It follows a month of data suggesting that weakness remains in the Australian economy. The statement from the Reserve Bank implied that more cuts could be on the way if it doesn’t see results. […]
10 things you need to know this morning in Australia
News

10 things you need to know this morning in Australia

Happy Tuesday, gang. Everything’s happening this morning. 1. It was probably a tedious inevitability Australia would get sucked into the impeachment crisis engulfing Donald Trump. A report in The New York Times alleges that Donald Trump pressed Scott Morrison into working with US Attorney General William Barr to investigate – […]
10 things you need to know this morning in Australia
News

The review into Sydney’s lockout laws says the city’s nightlife is dire – and it’s time to bring back straight whisky at midnight

The joint select committee on Sydney’s night-time economy has handed down its report, recommending the NSW Government “take proactive steps” to revitalise the city’s ailing nightlife, and backing the move to scrap the lockout laws in the CBD. The long-anticipated review, chaired by MLC Natalie Ward, found that NSW was […]
The review into Sydney’s lockout laws says the city’s nightlife is dire – and it’s time to bring back straight whisky at midnight
News

10 things you need to know this morning in Australia

Happy Monday. 1. Elon Musk yesterday gave an update on the latest SpaceX plan: a 40-storey rocket named Starship intended to ferry up to 100 people to Mars. Musk says that we’ve only got “several hundred million years” until the ageing Sun incinerates Earth, so we have to kick a […]
10 things you need to know this morning in Australia
News

The NSW government says it approves medicinal cannabis applications within 48 hours. Newly obtained data shows it often takes far longer.

Documents obtained by Business Insider Australia have revealed the actual waiting times experienced by medicinal cannabis patients in New South Wales, with a large number of cases exceeding the government’s stated 48-hour turnaround window. The 48-hour application scheme for medicinal cannabis was rolled out in NSW, Victoria, and Queensland in […]
The NSW government says it approves medicinal cannabis applications within 48 hours. Newly obtained data shows it often takes far longer.
News

10 things you need to know this morning in Australia

Good morning, and TGIF. 1. You’re possibly sick of hearing about Trump – I’m certainly sick of typing words about him – but the Ukraine scandal keeps mounting. Today, The New York Times revealed that the whistleblower who set these events in motion is a CIA officer who was at […]
10 things you need to know this morning in Australia