News: Money

This Australian company’s cheeky dig at Ikea is pure genius

Wednesday  02:45,   15 august 2018

It’s hard to be anything but positive about IKEA – the flat-pack genius who has revolutionised the way we buy and build homewares. At least, that’s the line of thinking as you walk around its enormous yet cleverly laid-out stores, and[...]
News / Money

Why Coles misjudged the plastic bag backlash

Wednesday  01:56,   15 august 2018

The plastic bags fiasco was doomed from the start - it was a major renegotiation of their bargain with customers and their role in our lives. Companies need to think long and hard before they decide to force a change of norms. It’s a truly strategic [...]

Guzman y Gomez scores $44 million investment to grow to 500 stores in Australia and launch in the US

Wednesday  01:32,   15 august 2018

Mexican fast-food chain Guzman y Gomez has secured a whopping $44 million investment from local investment firm TDM Growth Partners.Founded 12 years ago back in 2006, Guzman y Gomez is Australia’s largest Mexican fast food franchise, headed up by[...]

A robot didn't take Ibrahim's job, but it did fire him

Wednesday  01:06,   15 august 2018

When Ibrahim Diallo arrived to work one day and his login didn't work, no-one knew why. It turned out he'd been sacked by an automated system, and there was nothing his bosses could do about it.He turned up to work one day and his login[...]

Nimble JB Hi-Fi keeps one step ahead of Amazon

Wednesday  01:06,   15 august 2018

The retailer is one of the most adaptable, dealing with the continual shifting of the mix of sales in electronic goods and software and the various tides of competition.The answer to the first question is promising but not definitive. The second[...]

Instagram Hacked: Hundreds of User Accounts Hijacked

Tuesday  20:06,   14 august 2018

Instagram users are flooding the company's Twitter account with requests for help.Frustrated Instagrammers are messaging the official Twitter account to ask for assistance. Each case appears to show the same type of attack, with email details[...]

Musk says talking to Saudi fund, others on Tesla buyout

Tuesday  17:57,   14 august 2018

By Supantha[...]

Nvidia unveils new GPU architecture for computer graphics rendering

Tuesday  16:31,   14 august 2018

The Turing Architecture combines ray-tracing and AI inference for a new kind of hybrid rendering.The Turing architecture combines dedicated hardware acceleration of four core elements: AI, ray tracing, programmable shading and simulation. It[...]

NASA’s sun-kissing spacecraft will go 250 times faster than a bullet when it hits its stride

Tuesday  09:30,   14 august 2018

The Parker Solar Probe is finally on its way. Long before dawn on Sunday, the Delta IV Heavy rocket stood ready again. This is the second most powerful rocket in operation, bested only by SpaceX’s Falcon Heavy. This time, as the engineers[...]

Messenger Kids rolls out passphrases so kids can initiate friend requests themselves

Tuesday  09:30,   14 august 2018

Facebook is making it easier for kids to add their friends on its under-13 chat app, Messenger Kids. Parents can opt to use this feature, which is not on by[...]

How one entrepreneur managed to pour three gold bars in the NT outback with a 130-year-old mill

Tuesday  08:52,   14 august 2018

When the Edna Beryl gold mine opened in Tennant Creek, it had a life expectancy of six to eight months, but production slowed down when a gold mine and mill at Pine Creek closed, meaning there was nowhere to process the[...]

Twitter Lite is now available in 21 more countries

Tuesday  08:52,   14 august 2018

Many of us want to engage with the rest of the global society, whether we live in major cities with blazing fast mobile connections or areas where data is prohibitively expensive or slow. Load[...]

Suncorp used 'tax surplus' for admin rather than return money to members

Tuesday  06:55,   14 august 2018

Suncorp's superannuation trustee used tax refunds within funds to purchase administrative services from other parts of the financial conglomerate.As part of its scrutiny of superannuation trustees, the Hayne royal commission on Monday afternoon[...]

Domino's Pizza savaged after falling short on profit and sales growth

Tuesday  06:30,   14 august 2018

Shares dive as much as 12 per cent after the fast-food giant reveals it missed its profit guidance and sales targets.The pizza chain on Tuesday reported normalised net profit after tax of $136.2 million for the year to July 1, up 15 per cent from[...]

Banking royal commission: NAB accused of delaying compensation confession to ASIC for PR purposes

Tuesday  04:56,   14 august 2018

NAB has been accused of delaying telling the corporate regulator about a substantial increase in remediation payments to customers, in order to stop adverse publicity from upsetting an annual results presentation. The accusation follows the [...]