Workers looking for job security in 2021 should consider Australia’s “largest and fastest growing” industry, broadly known as the care economy. As well as frontline healthcare, fields such as social work, counselling and child and aged care are tipped to be in demand this year, LinkedIn’s Jobs on the Rise report says. The special edition...
Category: <span>Business</span>
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Covid-19 forces Australian small businesses to move online
Small businesses have been urged for years to take their operations digital and for many it took a pandemic for them to enjoy the benefits of going online. New research by Mastercard found smaller firms have been among the hardest hit during the COVID-19 pandemic, but it prompted just more than half of them to...
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Labor fears humanitarian crisis on Australian coal ships stranded off China
Australian exporters face another “grim” year driven by tensions with China while a standoff over more than 70 ships stranded with Australian coal on board threatens to cause an international humanitarian crisis, the opposition has said. While warning of the mounting economic costs to Australia, the shadow trade minister, Madeleine King, called on the Morrison...
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Treasurer Josh Frydenberg says Aussies gained extra $760 in their pay packets from COVID-driven tax cuts
New government figures show nearly eight million Australians had an extra $760 in their pay packets over the last six months thanks to COVID-driven tax cuts. And Treasurer Josh Frydenberg says there is plenty more cash to come for workers over the course of this year. “$7 billion has gone into the pockets of Australian...
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Bitcoin soars above $35,000, hitting new high
Bitcoin soared on Wednesday to touch a fresh all-time high, as the cryptocurrency continued trading wildly. The price of bitcoin rallied above $35,000 Tuesday night, hitting an intraday high of $35,821, according to data from Coin Metrics. It pared gains slightly Wednesday morning, trading 2% higher at around $34,625. Bitcoin’s latest all-time high comes just...
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Australian advertisement of man eating bat sandwich investigated
An advertisement that shows a man eating a bat sandwich is being investigated by Australia’s advertising watchdog. The ad from outdoor equipment firm Boating Camping Fishing store (BCF) has been viewed more than 250,000 times on YouTube. In it, a man jokes that the pandemic was caused by someone eating a bat. While early cases...
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KFC launches game console with built-in chicken warmer
Fast food chain KFC is launching a gaming console that warms up chicken. “The chicken chamber will keep its contents hot, ready for consumption during intense gaming sessions,” KFC said. The company said the console was designed by a global hardware maker and could play top-level games like other gaming machines. Many people thought the...
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Bitcoin makes $28,000 record run
Bitcoin is crashing — upward. It just passed $28,000 and shows no signs of stopping. The digital currency has a market value north of $500 billion. Think Bitcoin is just a fad? It’s worth more than Visa (V) or Mastercard (MA). Or Walmart (WMT). Bitcoin passed $20,000 for the first time just 11 days ago....
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ACCC rejects Google’s Fitbit undertaking
Australia’s competition regulator has rejected an undertaking by Alphabet Inc-owned Google that sought to address competition concerns over its planned $US2.1 billion ($A2.8 billion) acquisition of fitness tracker maker Fitbit. The development comes as Google remains at loggerheads with the Australian government over a number of issues, including proposed laws that will make Australia the...
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Australia launches WTO appeal against China’s barley tariff
Australia will challenge China’s tariff on its barley exports in an appeal to the World Trade Organization (WTO). It marks the first defensive action from Australia in response to a number of China’s sanctions on a range of goods this year. Beijing has imposed blockages or levies to dairy, meat, wine and others as political...