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Vicinity Shopping Malls Worth $1.8B Less Because Of COVID

Vicinity Shopping Malls Worth $1.8B Less Because Of COVID

Elise Reid July 24, 2020 No Comments

Vicinity Centres has announced that independent valuations of its 60 directly owned retail properties have resulted in a net valuation decline of 11.3% for its portfolio, translation to $1.79 billion…

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Harvey Norman Sponsored Porn Star Earns $25K A Week

Harvey Norman Sponsored Porn Star Earns $25K A Week

David Richards July 23, 2020 No Comments

Family retailer, Harvey Norman is a big sponsorship investor, from NRL to AFL and it appears porn stars such as Renee Gracie who trades her capabilities on Adult site RedTube…

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Aussies Push ‘Nintendo’ Google Searches To Ten-Year High

Aussies Push ‘Nintendo’ Google Searches To Ten-Year High

Roma Christian July 23, 2020 No Comments

Local Google searches relating to ‘Nintendo’ soared to over a ten-year high in the first half of 2020, according to trend numbers released by the online giant. It comes as…

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Treasurer Forecasts 9.25% Jobless December Quarter

Treasurer Forecasts 9.25% Jobless December Quarter

Roma Christian July 23, 2020 No Comments

Treasurer Josh Frydenberg has offered “harsh numbers” for a “harsh reality”, with local unemployment forecast to peak in the December quarter at 9.25% amidst the COVID19 pandemic. “The coronavirus has…

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Microsoft PC Revenue Up 14%, Surface Booms

Microsoft PC Revenue Up 14%, Surface Booms

Roma Christian July 23, 2020 No Comments

Microsoft has reported a 14% year-on-year jump in Q4 revenue for its ‘More Personal Computing’ unit, encompassing Windows, Surface, Xbox and search to notch US$12.9 billion. Surface revenue jumped by…

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Slack Fights ‘Illegal’ Microsoft Teams-Office Bundle

Slack Fights ‘Illegal’ Microsoft Teams-Office Bundle

Roma Christian July 23, 2020 No Comments

Proprietary business communication platform, Slack, has lodged a complaint with the European Union, asserting Microsoft illegally misused market power to crush rivals. The company claims Microsoft illegally incorporated its Team…

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Amazon Prime Day Sale Delayed

Amazon Prime Day Sale Delayed

Roma Christian July 23, 2020 No Comments

Behemoth e-commerce giant, Amazon, has reportedly delayed its annual ‘Prime Day’ in its home country of the United States – historically the company’s busiest sales event and a significant generator…

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Service Seeking Ordered To Pay $600,000 For Publishing Fake Reviews

Service Seeking Ordered To Pay $600,000 For Publishing Fake Reviews

Elise Reid July 22, 2020 No Comments

The online tasking platform Service Seeking – where customers can seek quotes for jobs such as gardening, building or cleaning services from businesses registered with the platform – has been…

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TV Service Subscriptions Surge During COVID, Oz Hits 15.7M Viewers

TV Service Subscriptions Surge During COVID, Oz Hits 15.7M Viewers

Elise Reid July 22, 2020 No Comments

TV streaming services have surged in Australia during the COVID-19 lockdowns, with 878,000 Australians gaining access to a TV subscription service from March to May 2020. Now, more than 15.7…

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Oz Retail Turnover Up 8.2% Y-o-Y In June, Despite Some COVID Restrictions

Oz Retail Turnover Up 8.2% Y-o-Y In June, Despite Some COVID Restrictions

Elise Reid July 22, 2020 No Comments

Australian retail turnover rose by 8.2% year-on-year in June 2020, according to the preliminary retail trade figures released by the ABS. In seasonally adjusted terms turnover increased 2.4% from May…

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