Nathan Jolly – Page 63

Booktopia Fined $6M For Denying Consumer Rights

Nathan Jolly March 10, 2023 No Comments

Online book retailer Booktopia has been ordered by the Federal Court to pay $6 million in penalties for making false or misleading representations on its website, and in dealings with…

Smartwatch Market Fell 18% In December Quarter

Nathan Jolly March 10, 2023 No Comments

Despite a double-digit growth for the entire year, the overall smartwatch market plummeted during the fourth quarter of 2022, with all major brands suffering from lower sales. According to Canalys,…

Xero Shares Rocket After Mass Sackings

Nathan Jolly March 10, 2023 No Comments

Xero’s announcement it would shed 15 per cent of its staff, exit the struggle Waddle platform, and cut further costs has been rewarded with a leap in value. Shares jumped…

Huawei Makes Up 60% Of Germany’s 5G Network

Nathan Jolly March 10, 2023 No Comments

The Chinese embassy has reminded Germany that 60 per cent of its 5G network is currently made up of Huawei equipment, as the country mulls a possible ban on the…

TikTok Says “Political Agenda” Behind US Ban

Nathan Jolly March 10, 2023 No Comments

TikTok representatives say attempts to assuage the fears of Washington lawmakers have been met with resistance. This week, a bipartison group of US senators introduced a bill that would give…

Samsung Forced To Share Trade Secrets Under US CHIPS Act

Nathan Jolly March 10, 2023 No Comments

The strict conditions under which the US government is offering subsidies for building chip manufacturing plants in America might not be worth it for Samsung. Samsung is building a A$26…

Solomon Lew’s Myer Shares Are Finally Profitable

Nathan Jolly March 10, 2023 No Comments

Interest rate hikes, inflation, and dampened household spending won’t stop Myer’s recent renaissance, according to CEO John King – and its biggest shareholder is reaping the rewards. Yesterday, the department…

Acer Hit With Cyberattack

Nathan Jolly March 9, 2023 No Comments

Acer has confirmed that its servers have been breached in a cyberattack, but maintains that all customer data is safe. “We have recently detected an incident of unauthorized access to…

Foxtel Raising Capital, No Word On IPO

Nathan Jolly March 9, 2023 No Comments

Foxtel is preparing to raise capital in order to refinance its debt and avoid it being classified as a current liability. AFR reports that Foxtel will approach its existing lenders…

Netgear Partners With Dicker Data In Network Play

Nathan Jolly March 9, 2023 No Comments

Netgear has teamed up with Dicker Data to increase its footprint in Australia. Dicker Data will be the Australian distributor for Netgear’s small-to-medium business and professional AV range in the…