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Regulators Swoop On Peloton Over Injuries

Jake Nelson August 30, 2021 No Comments

Peloton is bracing for financial pain as US government agencies circle, with numerous subpoenas and lawsuits now targeting the company over safety issues with its treadmills. The US Department of…

Apple Loosens App Rules As Class Action Looms

Nathan Jolly August 30, 2021 No Comments

Apple has made a concession of sorts, as it fights to avoid what may be a lengthy and costly court battle regarding its app store payments. “Developers can use communications,…

ACCC Wants More Power Over Mergers After TPG Defeat

Jake Nelson August 27, 2021 No Comments

Following its failure to scuttle the TPG-Vodafone merger last year, the ACCC is seeking a major overhaul of the merger process, which would require the watchdog’s approval for all mergers…

Kmart On The Up, Revenue Nears $10 Billion

Jake Nelson August 27, 2021 No Comments

Kmart Group has enjoyed a strong year, with revenue up 8.3 per cent to $9.98 billion, as parent Wesfarmers looks to grow Catch and carve out a new niche for…

Big W Posts Record Sales As Woolworths Surges

Jake Nelson August 26, 2021 No Comments

Big W has enjoyed a solid financial year, with record annual sales as well as 344.9 per cent growth in EBIT making it a strong performer for owner Woolworths. The…

Afterpay Posts Loss Despite Mushrooming Sales

Jake Nelson August 25, 2021 No Comments

Buy-now, pay-later giant Afterpay has posted a net transaction loss of $132.6 million despite almost doubling sales over the past year. Afterpay, which is set to be acquired by US…

Kerry Stokes Steps Down As Seven Group Chairman

Nathan Jolly August 25, 2021 No Comments

Kerry Stokes will step down as chairman of Seven Group, a role he has held since the company was formed in April 2010. Former Coca-Cola Amatil boss Terry Davis will…

Notebooks To Fuel PC Growth, But Shortages Choking Sales

Jake Nelson August 25, 2021 No Comments

Notebooks will be the main driver of future growth in the PC market, though supply chain issues are impacting 2021 forecasts, according to the latest data from IDC. In the…

Apple Has Been Scanning Your iCloud Mail For Years

Nathan Jolly August 25, 2021 No Comments

Apple has confirmed it already scans iCloud Mail for child sex abuse material (CSAM), and has been doing so since 2019. An investigation by 9to5Mac was piqued by “a rather…

Samsung, LG To Reveal Next-Gen OLED Display Tech

Nathan Jolly August 25, 2021 No Comments

Samsung Display and LG Display will both be showcasing their innovative new OLED displays at South Korea’s industry showcase exhibition for display panels this week. The International Meeting on Information…