Money

Ethereum has broken its all-time high. Here's why one analyst thinks it could hit $US2,500 this year.

Ethereum broke its all-time high this week before tumbling alongside Bitcoin on Thursday. The cryptocurrency looks to have plenty of upside according to eToro cryptocurrency analyst Simon Peters.

2021-01-21T00:55:12Z

Bakery unveils range of lamingtons using Australian native ingredients

A bakery has unveiled a new range of lamingtons using Australia's native ingredients, ranging from finger limes and pepperberry to wattle seeds and lemon myrtle.

2021-01-21T01:16:11Z

Vocational training needs reform: report

The Productivity Commission has released its final report into the national skills agreement, with fresh calls to overhaul vocational education and training.

2021-01-20T16:38:46Z

California WeChat users claim China surveillance in lawsuit

California WeChat users sued its parent company Tencent on Wednesday, saying the mobile app is used for spying on and censoring users for the Chinese government. US-based nonprofit Citizen Power Initiatives for China (CPIFC) filed the suit in Silicon Valley, joined by a half-dozen California residents in urging a state court to order Tencent to change its ways and pay damages. "As the global erosion of democratic values shows little sign of...

2021-01-21T01:33:23Z

Why Tesla is not a safe stock for long-term investors

Supercharged sentiment driving Tesla shares leaves little room for error.

2021-01-20T12:06:59Z

We're about jobs, PM says as jobless fall

The unemployment rate dropped to 6.6 per cent in December from 6.8 per cent the previous month, the Australian Bureau of Statistics says.

2021-01-20T16:38:44Z

These are the 15 jobs on the rise in Australia in 2021, according to data from LinkedIn

LinkedIn has revealed the jobs on the rise in Australia in 2021. These include mental health specialist roles and jobs in cybersecurity. It comes as the coronavirus pandemic has shifted the employment landscape in Australia, causing a drop in demand across tourism but a spike across digital content.

2021-01-20T01:08:53Z

People's Choice Credit Union customers angered by outages and slow online banking

A system upgrade is being blamed for leaving tens of thousands of Australians without access to their online bank accounts.

2021-01-20T05:22:43Z

Asian stocks set for strong start after day of gains on Wall Street

Asian stocks set for strong start after day of gains on Wall Street

2021-01-21T00:02:36Z

Don't read too much into the fall in Australia's payroll jobs, at least not yet

The latest release of the payroll jobs index showing a 6% fall in jobs in the past month might suggest that unemployment is about to rise. But closer inspection reveals that despite the usual drop in work in January, employment overall is holding up well. However, full-time work still has a way to go. Since the pandemic, the Australian Bureau of Statistics has, in association with the ATO, begun releasing a weekly payroll job index that has...

2021-01-20T16:44:43Z

Tesla fourth-quarter registrations in California jump 63%: data

Tesla fourth-quarter registrations in California jump 63%: data

2021-01-21T01:04:23Z

ALEX BRUMMER :The future inflation threat

One common theme for Britain, and for newly-installed President Joe Biden and his team in the US, is that the tolerance of fiscal promiscuity and monetary looseness has changed dramatically.

2021-01-20T22:43:00Z

RUTH SUNDERLAND: There's hope house price boom may be far from over

RUTH SUTHERLAND: COVID-19 has caused more damage to the UK economy than any other crisis in living memory, yet the housing market is booming. So why is this happening?

2021-01-21T01:16:24Z

Biden’s White House press secretary vows to rebuild trust, return ‘truth and transparency’

Jen Psaki vowed Wednesday to rebuild trust with Americans and stressed the importance of "truth and transparency," as she opened her first briefing of the Biden administration.

2021-01-21T00:52:08Z

World’s largest asset manager applies to buy bitcoins in pair of funds

BlackRock is set to dip its considerably massive toes into the world of cryptoassets, according to public filings and reports by a number of outlets.

2021-01-20T23:52:12Z

SA to launch its own satellite in 2022

South Australian Premier Steven Marshall has announced plans for the state to launch its own satellite into a low-earth orbit next year.

2021-01-20T02:07:52Z

Banks pressuring customers to make unrealistic loan repayments as deferrals end

As a pause on home loan repayments begins to lift, banks are asking customers to make large lump sums or add $1,000 a month to their repayments to clear up what they owe in arrears.

2021-01-20T05:52:47Z

Bernie Sanders sits alone with his mittens at inauguration, and a meme is born

For many, Wednesday's presidential inauguration brought tears, pride and a new sense of hope. It also created a new meme, courtesy of Sen. Bernie Sanders.

2021-01-21T01:22:10Z

Strong gains for sterling against the Dollar and the euro

The pound touched $1.3720 against the Dollar, its highest level since May 2018, and €1.1314 against the euro, a rate last seen in May 2020. Inflation jumped to 0.6 per cent in December.

2021-01-20T22:42:59Z

UK government rejects 'musician passports' as stars attack 'shameful' touring deal

The UK government will not pursue a waiver scheme that would allow British musicians to tour the EU without the need for visas, customs waivers and work permits for each individual member state. The announcement comes as more than 100 artists including Sting, Bob Geldof and Elton John have signed an open letter published in the Times on Wednesday, calling on the government to negotiate paperwork-free travel for British musicians touring in...

2021-01-20T09:00:22Z

United Airlines posts nearly $2 billion in quarterly losses

United loses nearly $2 billion in its fourth straight quarter of losses amid pandemic-related travel restrictions and fears.

2021-01-20T22:22:04Z

'Australia's largest energy class action' filed against Queensland power companies accused of driving up prices illegally

The law firm leading a major class action involving more than 47,000 people is looking for more people to register for reimbursement as it alleges two of the state's biggest power players artificially created a lack of supply to drive up prices.

2021-01-20T05:52:47Z

Which jobs are tipped to prosper in 2021?

As the Australian economy begins to settle after a year of upheaval, new data has revealed which industries have the best prospects for the year ahead.

2021-01-20T02:37:49Z

Liberal MP Warren Entsch says many businesses will need government aid after JobKeeper

Federal Government backbencher Warren Entsch says many businesses will need financial assistance beyond March when JobKeeper ends and is confident more support measures will be announced.

2021-01-20T20:08:10Z

P&G sees strong sales trends extending beyond pandemic

Procter & Gamble reported another quarter of strong sales growth Wednesday and expressed confidence it would keep up the good run after the coronavirus pandemic has waned. P&G, which makes Mr. Clean, Tide, Pampers and other household goods, lifted its full-year profit and sales targets after scoring an eight percent sales jump in the second quarter.

2021-01-20T14:10:21Z

Aust shares higher before Biden era begins

Australia's share market has closed higher, as attention turns to the swearing in of US president-elect Joe Biden and his economic stimulus plan.

2021-01-20T01:52:46Z

Saga requires all cruise passengers to have coronavirus vaccine

Saga has become the first UK tour operator to tell cruise and holiday customers that they must be vaccinated to travel with them this summer. The over-50s travel firm, which has reported a surge in bookings since the vaccination programme was announced, is taking reservations on condition that customers are fully inoculated, with two shots where necessary, at least 14 days before departure. Passengers will also need to take a Covid test at the...

2021-01-20T18:29:50Z

Australian economy forecast to rebound in 2021 as pandemic subsides - Reuters poll

Australian economy forecast to rebound in 2021 as pandemic subsides - Reuters poll

2021-01-21T00:27:41Z

v2food has launched the next iteration of its plant-based meat product: sausages

v2food has released the next iteration of plant-based meat products. The company is rolling out v2sausages in Coles supermarkets this week for a limited time.

2021-01-20T04:24:21Z

Unemployment drops to 6.6pc, with 50,000 people starting work in December

Australia's unemployment rate drops by 0.2 per cent and underemployment drops to its pre-pandemic level as the economic recovery from coronavirus continues.

2021-01-21T00:53:18Z

The Guardian view on Brexit and bureaucracy: the cost of absurdity

Among the various grievances that led to Britain’s departure from the European Union, resentment of worker protections was not dominant for most voters. But it was a point of urgency among many Conservative MPs, for whom freedom to deregulate was the purpose of Brexit. That is what they meant by regaining sovereignty: emancipation from rules that, in Eurosceptic demonology, suffocate enterprise and limit prosperity. In that ideological...

2021-01-20T19:23:22Z

Private equity asset strippers must save Debenhams pensioners

Former Debenhams boss Rob Templeman (pictured) organised the chain's private equity takeover in 2003 which involved Texas Pacific Group, CVC Capital and Merrill Lynch.

2021-01-20T22:43:00Z

Workers in demand as home building blooms

Skilled vacancies advertised on the internet have grown for eight consecutive months after hitting a record low last April.

2021-01-19T16:36:22Z

Wild lynx could be reintroduced into Scottish Highlands

A consortium of conservationists that hopes to release wild lynx into the Scottish Highlands has launched a year-long study to see whether the public supports their reintroduction. The study, part-funded by two billionaire Danish estate owners in the Highlands, Anders Povlsen and Lisbet Rausing, will test whether farmers, landowners and rural communities will agree to a pilot project in a remote area of Scotland. The lynx, Europe’s largest...

2021-01-20T17:06:31Z

Investor pay revolt blocks hike for boss of WH Smith Carl Cowling

The stationery chain said it understood shareholders were unhappy with a pay rise for chief executive Carl Cowling, who took on the role in 2019 and was due for his second £25,000 rise in April.

2021-01-20T23:43:00Z

The federal government is singing praises for its $2 billion HomeBuilder scheme as data shows a boom for the construction industry

The commencement of new private sector housing projects jumped 4% over the September quarter of 2020, with the value of major home alterations and additions climbing by 6.4%.

2021-01-20T04:09:21Z

Global markets gain ground as Biden is inaugurated

World stock markets rose Wednesday as Joe Biden took the oath of office, in part owing to the new US president's coronavirus stimulus proposal. - 'Trump, Brexit in rear view mirror' - "European markets... (are) looking forward with optimism, with Joe Biden's inauguration marking the end of a four-year period that married up both Brexit and global trade uncertainty," commented IG analyst Joshua Mahony.

2021-01-20T03:17:31Z

'Absolute carnage': EU hauliers reject UK jobs over Brexit rules

A British freight company director with more than over 20 years experience has told how EU hauliers and transport companies are turning their backs on UK business because they are being asked to provide tens of thousands of pounds in guarantees to cover VAT or potential tariffs on arrival in Britain. The financial guarantee requirement did not exist before Brexit and EU transport companies who previously provided a shipping service for small and...

2021-01-20T13:55:41Z

GM teams up with Microsoft as electric car market revs

General Motors announced an alliance Tuesday with Microsoft on its Cruise autonomous driving venture, combining forces to challenge Tesla and others in an electric car market expected to rev with Joe Biden's environment-friendly administration in the White House. The companies have established "a long-term strategic relationship," and Microsoft will join GM, Honda and institutional investors in a new $2 billion equity investment round, GM and...

2021-01-19T20:23:40Z

Australian jobless rate falls as employment nears pre-pandemic highs

Australian jobless rate falls as employment nears pre-pandemic highs

2021-01-21T01:27:42Z

Permitting for big U.S. offshore wind farm will resume 'very, very soon': Avangrid CEO

Permitting for big U.S. offshore wind farm will resume 'very, very soon': Avangrid CEO

2021-01-20T23:57:40Z

Trump pardons engineer who stole Google trade secrets

A former Google engineer who pleaded guilty to stealing secrets from its self-driving car program was among those pardoned by Donald Trump on his last day in the White House. Several years later Levandowski began thinking of leaving Google for another self-driving endeavor that was eventually named "Otto," the plea deal said.

2021-01-20T19:40:27Z

UK advertising budgets hit by COVID-19 but recovery lies ahead - survey

UK advertising budgets hit by COVID-19 but recovery lies ahead - survey

2021-01-21T00:16:15Z

South Australia's recycling industry to be bolstered by up to $45 million

South Australia's "circular economy" of recycled waste is set to receive a $45 million infrastructure injection following a joint announcement by the Federal and State governments today.

2021-01-20T03:07:26Z

China imposes sanctions on Mike Pompeo, 27 other members of the Trump Administration

China has imposed sanctions on outgoing Secretary of State Mike Pompeo and 27 other Americans associated with the Trump administration.

2021-01-20T22:38:21Z

Chinese telecom firms seek review of NYSE delisting decision

Chinese telecom firms seek review of NYSE delisting decision

2021-01-21T00:34:19Z

Amazon offers to help with Covid-19 vaccine effort

Tech colossus Amazon on Wednesday offered to put its vast operation to work helping President Joe Biden get 100 million Americans vaccinated against Covid-19 in the next 100 days. Chief of Amazon's worldwide consumer business Dave Clark sent a letter to Biden urging that its workers get vaccinated as early as possible and offering to put the company's resources to work in the broader vaccination effort.

2021-01-20T21:25:29Z

Construction of Keystone XL pipeline halted as Biden moves to cancel permit

Construction on the long disputed Keystone XL oil pipeline halted Wednesday in anticipation of incoming U.S. President Joe Biden revoking its permit.

2021-01-21T00:52:08Z

BHP raises iron ore production estimate

BHP has increased the quantity of iron ore it expects to produce this fiscal year, following the restart of an operation in Brazil.

2021-01-20T00:52:33Z

Netflix keeps growing in pandemic, tops 200 mn subscribers

Netflix on Tuesday topped subscriber growth expectations in the past quarter, keeping ahead of new streaming rivals competing for viewers stuck in their homes during the coronavirus pandemic. The streaming television leader added some 8.5 million paid subscribers in the quarter to reach 203 million, topping 200 million despite recent price hikes, its quarterly earning update showed. "Covid-19 has accelerated that big shift from linear to...

2021-01-19T22:23:54Z