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Tougher Times Heading Into 2023: Wesfarmers CFO

Tougher Times Heading Into 2023: Wesfarmers CFO

Nathan Jolly November 29, 2022 No Comments

Inflation and interest rate rises are leading Australian consumers into a tough period where value for money will again trump convenience. This is according to Wesfarmers CFO Anthony Gianotti, who…

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David Jones Going Cheap, Latest Financials Bleak

David Jones Going Cheap, Latest Financials Bleak

Nathan Jolly November 29, 2022 No Comments

Private equity firm Anchorage Capital Partners is exclusively carrying out due diligence on David Jones, with plans to offer just $200 million for the department store giant. In the eight…

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Biggest Oz Chipmaker Lands $170M Funding Round

Biggest Oz Chipmaker Lands $170M Funding Round

Nathan Jolly November 28, 2022 No Comments

Australia’s largest semiconductor maker Morse Micro has topped up its Series B funding with an additional $30 million from the superannuation sector to pocket a total of $170 million. The…

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Oz Retail Sales Suffer First Decline This Year

Oz Retail Sales Suffer First Decline This Year

Nathan Jolly November 28, 2022 No Comments

Australian retail sales fell for the first time in October, marking the end of nine consecutive months of sales growth. Australian retail turnover fell 0.2 per cent overall in October,…

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HBO Could Thwart Foxtel With Oz Streaming Service

HBO Could Thwart Foxtel With Oz Streaming Service

Nathan Jolly November 28, 2022 No Comments

The network behind massive hits such as White Lotus, House Of The Dragon, and Succession could be launching its own streaming service in Australia. Senior executives from HBO’s parent company…

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RBA’s Lowe Apologises For Terrible Rates Guidance

RBA’s Lowe Apologises For Terrible Rates Guidance

Nathan Jolly November 28, 2022 No Comments

Reserve Bank of Australia Governor Phil Lowe has apologised for publicly declaring that interest rates wouldn’t increase until 2024. Appearing before the Senate Economics Legislation Committee in Canberra, Lowe said,…

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LG, Samsung Building Arsenal Of Metaverse Patents

LG, Samsung Building Arsenal Of Metaverse Patents

Nathan Jolly November 28, 2022 No Comments

The global metaverse market is set to reach A$110 billion by 2026, and a number of tech giants are quietly filing and securing thousands of technology patents related to the…

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Sony’s Auto-Driving EV May Come With PS5

Sony’s Auto-Driving EV May Come With PS5

Nathan Jolly November 28, 2022 No Comments

Sony and Honda’s new joint venture to create an auto-driving electric vehicle may deliver a gaming revolution at the game time. Reports reveal that the forthcoming vehicle from the two…

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Parcel Delivery To Soften This Xmas: DHL Express Boss

Parcel Delivery To Soften This Xmas: DHL Express Boss

Nathan Jolly November 28, 2022 No Comments

Inflationary pressures and the return to bricks-and-mortar shopping is likely to soften this year’s peak parcel delivery period, according to the chief of DHL Express Australia. Gary Edstein, local CEO…

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AirTag Leads Victorian Police To Weapons Arrest

AirTag Leads Victorian Police To Weapons Arrest

Nathan Jolly November 25, 2022 No Comments

Victorian police have arrested two people after an Apple AirTag led them to a bounty of suspected stolen goods, ammunition, and a firearm. According to Sergeant Julie-Anne Newman from the…

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