Jason Ellis, former general manager of sales and marketing for BlueScope Steel, a leading Australian steel manufacturer, has been charged with two counts of attempting to obstruct the inquiry of a Commonwealth official. Ellis is said to have worked behind the scenes to obstruct a probe by Australian Competition and Consumer Commission (ACCC) into an […]
Anti-social agrochemical corporation Monsanto—now owned by anti-social pharmaceutical corporation Bayer—is finally getting its comeuppance. High time. In May, a California court order the company to pay more than $2 billion USD to a couple who were diagnosed with cancer after using its carcinogenic weedkiller, Roundup. Alva and Alberta Pilliod both got non-Hodgkin’s lymphoma from Roundup: […]
If you took a chance on the Powerball lottery the other night, find your ticket and look at the numbers closely. Somebody won the $12 million jackpot and is apparently unaware of their windfall. The anonymous person is the only person in all of Australia with the winning ticket—all that money belongs to them (unlike […]
Floundering food conglomerate Retail Food Group (RFG), parent of Donut King, Pizza Capers and Michel’s Patisserie among other well-known companies, announced a fund drive to raise $150 million and save the firm. Business New Australia reports that $118.5 million of that money will be used to repay debts: “As part of the raise the company’s […]
An apartment complex in Kingston is not structurally sound and is at risk of collapsing. The company that built the structure, however, has refused requests from the Australia Capital Territory government to address the issue. Per ABC, the Morrison Construction Corporation (MCC) ironically claims that the proposed emergency work on the building will cause damage […]
Oil markets are roiling in the wake of a drone attack on two major Saudi Arabian oil installations. The attack itself caused an immediate spike in oil prices. Then came Donald Trump’s tweet: “Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit are locked and loaded depending on […]
You’ve heard of the “gig economy” haven’t you? Well, here’s an example of why it gets so much bad press. Amita Gupta of Adelaide signed up to work for Uber Eats as a delivery driver. Apparently an industrious individual, Gupta clocked 96 hours of work in a single week—for which she was paid a total […]
Two big class action lawsuits in Australia against The Volkswagen Group and Audi have been settled. ABC reports that the vehicle manufacturers have agreed to pay between $87 million and $127.1 million, which works out to about $1,400 per affected vehicle. Details have not been made public and the settlement still must be approved by the […]
A large majority of Australians say they are in favor of their country’s leading corporate executives publicly expressing their views on social and political issues, according to a survey conducted by the Committee for Economic Development of Australia (Ceda). Ceda surveyed 3,000 Australians and 59 bosses and found that 78 percent of respondents support business […]
Virgin Australia, Australia’s second largest airline, is set to buy back a 35 percent share of its Velocity Frequent Flyer program from Affinity Equity Partners. The Asian equity firm announced earlier this summer that it was looking to sell off its stake in the program, weighing up a possible IPO among other things. “The Group […]
