Australia's housing price boom shows signs of slowing

SYDNEY (BLOOMBERG) – Australia’s housing price boom is showing some signs of slowing as the rapid rise the past six months begins to constrain affordability and dampen demand. Nationwide dwelling values rose 1.8 per cent in April, the slowest pace since January after last month’s record rise, CoreLogic data released on Monday (May 3) show. Capital city prices also gained […]

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How small businesses survived the pandemic

As in-person experiences, such as shopping and going out to eat, were halted for a significant amount of time during the pandemic, small businesses had to find ways to survive. “We were gearing up to offer wine tastings, cocktail making and cooking classes in people’s homes, but when the pandemic hit, it upended our entire business model and plans,” Michael […]

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Westpac NZ chief executive David McLean to retire

Westpac New Zealand’s chief executive David McLean is to retire as of June 25. McLean, who made the announcement as the bank revealed a half-year cash profit of $583 million, has been with the bank for 22 years and has been CEO since June 2014. McLean said it was the right time for both the business and him personally. “The […]

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Apple and Epic head to court over their slices of the app pie

Apple and Epic Games, maker of the wildly popular game Fortnite, square off this week in a trial that could decide how much control Apple can exert over the app economy. On a Friday in August, Tim Sweeney, a billionaire game developer, sent an email to a contact at Microsoft: “You’ll enjoy the upcoming fireworks show.” A week later, Sweeney’s […]

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AstraZeneca said it can't share its vaccine technology with the WHO as it has no engineers available 'to brief people and train them.' Industry observers have criticised the comments.

AstraZeneca recently said had no engineers to assist in the transfer of COVID-19 vaccine technology. The statement by the company’s CEO was made during a shareholder Q&A. It has drawn criticism from campaign groups and other industry observers. See more stories on Insider’s business page. Health industry observers and social justice groups have criticized recent comments by AstraZeneca’s CEO about […]

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Sports Direct under scrutiny from EU tax authorities over VAT bills

Disagreements centre on firm controlled by Sports Direct founder Mike Ashley’s brother First published on Sun 2 May 2021 07.40 EDT Sports Direct is in talks with tax authorities in the European Union that could lead to settlements related to a controversial deal between billionaire founder Mike Ashley and his brother. Documents filed at the high court reveal that Sports […]

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America's economic comeback is underway

New York (CNN Business)The economy is on the path to recovery but it’s still far from repaired. Yet investors and economists are already worried it might be growing too fast. Here’s what experts actually mean when they talk about the “overheating” economy. Just over a year ago, the US economy faced its worst downturn on record as businesses shuttered and […]

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