Companies

Business Boom: Australia’s Economy Sees Surge in Entrepreneurship

Australia's business landscape is undergoing a significant transformation, as newly released data from the Australian Bureau of Statistics (ABS) reveals that as of June 30, 2023, there are now 2,589,873 actively trading businesses in the country.  The latest ABS figures...

Wendy’s Announces Major Expansion into Australian Market with Flynn Restaurant Group

Wendy's, known for its delicious burgers and iconic frosty treats, is making a daring move in global expansion. It has partnered with Flynn Restaurant Group to open 200 Wendy's restaurants in Australia by 2034, a pivotal moment in the...

Australian LNG Plants Face Strike Threat, Global Gas Supply and Prices Unstable

Chevron (CVX.N) and Woodside Energy Group (WDS.AX) are actively negotiating with unions in a bid to avert potential strikes that could disrupt pay and conditions at major liquefied natural gas (LNG) facilities.  These facilities, responsible for approximately 10% of the...

Australian Union Seeks Legal Action to Halt Commonwealth Bank’s Office Return Mandate

The Finance Sector Union, representing professionals in Australia's finance and banking sector, has boldly appealed to the Fair Work Commission to intervene and halt an in-person work mandate imposed by the Commonwealth Bank of Australia (CBA). CBA, the largest bank...

Victoria’s Richstone Group Collapses, Leaving 150 Unemployed and Millions Owed

Victoria, Australia - A once-thriving plumbing company, Richstone Group Pty Ltd, has crumbled under mounting debts, forcing 150 employees into immediate unemployment. According to documents filed with the corporate watchdog, Richstone Group had a mere $61 in its bank account...

Government Exposes More Than 140 Employers for Exploiting Migrant Workers

In a crackdown on unscrupulous labour practices, the Australian Border Force (ABF) has publicly named and shamed over 140 employers accused of exploiting migrant workers. The revelation came after an intensive month-long compliance operation conducted nationwide by the ABF. Throughout...

Australian CEOs Earn 55 Times More Than Workers, Reveals Acsi Report

According to a new report by the Australian Council of Superannuation Investors (Acsi), the chief executives at Australia's most prominent companies earn 55 times more than the average worker. The report revealed that CEO pay at the top 100 listed...

Australian Startup Funding Shows Improvement in Q2 2023 Amidst Lingering Sluggishness

The latest quarterly report released by Cut Through Venture reveals that Australian startup funding experienced a slight recovery in the second quarter of 2023. During the June quarter, Australian startups raised $810 million through 90 deals, surpassing the fundraising figures...

Major Australian Companies Rally for Indigenous Recognition in Constitution

Australian companies, including BHP, Rio Tinto, and Commonwealth Bank, support a campaign to acknowledge Indigenous Australians in the constitution. The referendum seeks to establish the Indigenous Voice to Parliament, giving them a direct say in policies. "The referendum as a...

PwC Australia Reveals Staff Involved in Tax Plan Leak, Scandal Escalates

PwC Australia has disclosed the identities of at least 67 current and former employees who were involved in leaking confidential government tax plans. The disclosure came through an unpublished letter sent to lawmakers ahead of parliamentary hearings scheduled for later...
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