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The top News headlines from The Sydney Morning Herald. For all the news,visit https://www.smh.com.au
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Sydney Morning Herald - Business
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Sat,04 May 2024 12:41:57 +1000
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Sat,04 May 2024 12:41:57 +1000
Sydney Morning Herald - Business
Business/ Workplace
Tim Duggan
All the research is showing,no matter which way you look at it,the way we are working is broken. It’s a problem we must urgently address.
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https://www.smh.com.au/business/workplace/the-way-we-work-is-fundamentally-broken-how-do-we-fix-it-20240502-p5fog0.html?ref=rss&utm_medium=rss&utm_source=rss_business
Sat,04 May 2024 05:01:00 +1000
The way we work is fundamentally broken. How do we fix it?
Business/ Companies
Eshe Nelson
Danish drugmaker Novo Nordisk has eclipsed French luxury group LVMH to become Europe’s most valuable company – thanks to demand for diabetes and weight-loss drugs.
eb81e353-c206-4e3d-8ab1-c23829a8d86e
https://www.smh.com.au/business/companies/it-introduced-ozempic-to-the-world-now-it-must-remake-itself-20240423-p5flv7.html?ref=rss&utm_medium=rss&utm_source=rss_business
Sat,04 May 2024 05:00:00 +1000
It introduced Ozempic to the world. Now it must remake itself
Business/ Companies
Carolyn Cummins
Investors,developers and management groups are lining up to join boom-time conditions in the hospitality industry.
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https://www.smh.com.au/business/companies/get-a-room-why-hotels-are-so-hot-right-now-20240430-p5fnms.html?ref=rss&utm_medium=rss&utm_source=rss_business
Sat,04 May 2024 00:00:00 +1000
Get a room:Why hotels are so hot right now
Business/ Banking&finance
Ben Marlow
Some of the world’s biggest banks are now generating far more money in Russia than they were before the war started. It is shameful.
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https://www.smh.com.au/business/banking-and-finance/western-banks-have-no-excuse-for-funding-putins-war-machine-20240430-p5fnif.html?ref=rss&utm_medium=rss&utm_source=rss_business
Fri,03 May 2024 19:45:00 +1000
Western banks have no excuse for funding Putin’s war machine
Business/ Banking&finance
Millie Muroi
Many of the investment behemoth’s top executives have had their pay cut by millions as green investments and lower commodity prices weighed on fiscal 2024 profits.
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https://www.smh.com.au/business/banking-and-finance/macquarie-bosses-take-pay-cuts-as-profits-fall-20240503-p5fony.html?ref=rss&utm_medium=rss&utm_source=rss_business
Fri,03 May 2024 17:32:01 +1000
Macquarie chief takes $7.6m pay hit as profits fall
Business/ Markets
Jessica Yun
The S&P/ASX 200 has climbed,reflecting US’ rally that trimmed the majority of their losses for the week,while Apple released its numbers after the closing bell.
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https://www.smh.com.au/business/markets/asx-set-to-rise-as-wall-street-jumps-to-trim-its-losses-for-the-week-20240503-p5foli.html?ref=rss&utm_medium=rss&utm_source=rss_business
Fri,03 May 2024 17:29:25 +1000
ASX closes green as Wall Street jumps;Apple surges on earnings
Business/ Entrepreneurship
Colin Kruger and Carolyn Cummins
Billionaire and philanthropist Lang Walker was remembered as a transformative force in Australia’s urban landscape at a memorial service at Sydney Town Hall on Friday.
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https://www.smh.com.au/business/entrepreneurship/a-force-of-nature-with-a-wry-smile-lang-walker-remembered-20240503-p5for5.html?ref=rss&utm_medium=rss&utm_source=rss_business
Fri,03 May 2024 16:24:03 +1000
A force of nature with a wry smile:Lang Walker remembered
Business/ Companies
Michael Philipps
This week’s Bulls N’ Bears Runner of the Week is … Krakatoa Resources. Its shares jumped 130 per cent to join Adisyn,Canterbury Resources and Pivotal Metals.
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https://www.smh.com.au/business/companies/meekatharra-cracker-krakatoa-runs-on-niobium-find-20240503-p5fos5.html?ref=rss&utm_medium=rss&utm_source=rss_business
Fri,03 May 2024 15:34:19 +1000
Meekatharra cracker:Krakatoa runs on niobium find
Business/ Companies
Amelia McGuire
There’s a cruel irony to Australia’s newest low-cost airline scrambling to get out of voluntary administration while the country’s oldest celebrates its 20th birthday.
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https://www.smh.com.au/business/companies/not-for-the-faint-hearted-jetstar-boss-on-the-high-stakes-battle-for-australia-s-skies-20240502-p5foep.html?ref=rss&utm_medium=rss&utm_source=rss_business
Fri,03 May 2024 11:55:00 +1000
‘Not for the faint-hearted’:Jetstar boss on the high-stakes battle for Australia’s skies
Business/ The economy
Paul Krugman
Donald Trump is as addicted to magical thinking and denial of reality as any petty strongman or dictator. That’s why his economic plans should have us all worried.
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https://www.smh.com.au/business/the-economy/trump-is-flirting-with-some-very-dangerous-ideas-20240430-p5fnsn.html?ref=rss&utm_medium=rss&utm_source=rss_business
Fri,03 May 2024 05:55:00 +1000
Alarm bells:Donald Trump is flirting with some very dangerous ideas
Business/ Workplace
Pip Dexter
The benefits of flexible work are particularly appreciated by women,who have indicated clearly it is non-negotiable.
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https://www.smh.com.au/business/workplace/bosses-demanding-a-return-to-the-office-should-stop-and-listen-to-women-20240502-p5fofm.html?ref=rss&utm_medium=rss&utm_source=rss_business
Fri,03 May 2024 05:07:00 +1000
Bosses demanding a return to the office should stop and listen to women
Business/ Companies
Calum Jaspan
Competition from agile digital outlets and social media giants is forcing a major rethink of how TV news is delivered,and who is best suited to do so.
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https://www.smh.com.au/business/companies/breaking-news-will-social-media-kill-the-evening-bulletin-20240430-p5fnst.html?ref=rss&utm_medium=rss&utm_source=rss_business
Fri,03 May 2024 05:00:00 +1000
Breaking news:Will social media kill the evening bulletin?
Business/ Workplace
Jonathan Rivett
We should be careful about making assumptions about people’s intentions in any situation,including at work,as people’s thoughts can be hard to deduce.
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https://www.smh.com.au/business/workplace/was-my-colleague-being-callous-by-not-comforting-a-co-worker-20240502-p5foff.html?ref=rss&utm_medium=rss&utm_source=rss_business
Fri,03 May 2024 05:00:00 +1000
Was my colleague being callous by not comforting a co-worker?
Business/ Companies
Nicole Lindsay
St Kilda’s once-grungy Prince of Wales Hotel is back on the market carrying a discounted price tag of $30 million.
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https://www.smh.com.au/business/companies/grunge-icon-prince-of-wales-for-sale-at-knock-down-price-20240502-p5fog1.html?ref=rss&utm_medium=rss&utm_source=rss_business
Fri,03 May 2024 05:00:00 +1000
Grunge icon Prince of Wales for sale at knock-down price
Business/ The economy
Ross Gittins
Why would Anthony Albanese and his smart economists,Jim Chalmers and Chris Bowen,want to reverse the bipartisan policy of the past 40 years and take us back to the future?
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https://www.smh.com.au/business/the-economy/is-a-future-made-in-australia-a-good-idea-or-a-bad-one-maybe-a-bit-of-both-20240502-p5fojc.html?ref=rss&utm_medium=rss&utm_source=rss_business
Fri,03 May 2024 05:00:00 +1000
Is a Future Made in Australia a good idea or a bad one? Maybe a bit of both
Business/ Markets
Sumeyya Ilanbey
The Australian sharemarket lifted on Thursday despite a negative lead from Wall Street after Jerome Powell revealed the US Federal Reserve would hold its cash rate steady and moving to reassure another rate hike is unlikely despite stubbornly high inflation.
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https://www.smh.com.au/business/markets/asx-set-to-jump-as-wall-street-rallies-after-fed-says-rate-hikes-are-unlikely-20240502-p5fo8q.html?ref=rss&utm_medium=rss&utm_source=rss_business
Thu,02 May 2024 17:00:55 +1000
ASX extends gains after Wall Street’s Fed rollercoaster
Business/ Companies
Jessica Yun
Outgoing Woolworths chief executive Brad Banducci says cost-of-living pressures have hit the supermarket giant.
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https://www.smh.com.au/business/companies/we-have-got-a-lot-of-work-to-do-woolworths-wary-as-coles-closes-home-brand-gap-20240502-p5foak.html?ref=rss&utm_medium=rss&utm_source=rss_business
Thu,02 May 2024 17:00:13 +1000
‘We have got a lot of work to do’:Woolworths ‘out-traded’ as it trails Coles
Business/ Banking&finance
Millie Muroi
Chief executive Andrew Irvine reported a 13 per cent tumble in half-year profits,but said households were mostly proving resilient in the cost-of-living crisis.
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https://www.smh.com.au/business/banking-and-finance/nab-boss-sees-economy-holding-up-as-earnings-tumble-13-per-cent-20240502-p5fo9p.html?ref=rss&utm_medium=rss&utm_source=rss_business
Thu,02 May 2024 16:41:55 +1000
NAB boss says most of its home loans are written at a discount
Business/ Companies
Elizabeth Knight
This week’s results provide a reality check for those who argue that the highly concentrated banking and supermarkets sectors lack competition.
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https://www.smh.com.au/business/companies/competition-kicks-the-stuffing-out-of-nab-and-woolworths-20240502-p5fogp.html?ref=rss&utm_medium=rss&utm_source=rss_business
Thu,02 May 2024 15:50:29 +1000
Competition kicks the stuffing out of NAB and Woolworths
Business/ Companies
Amelia McGuire
Bonza administrator Hall Chadwick says early discussions with the owners of the airline’s grounded fleet will continue into next week,with all flights cancelled before then.
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https://www.smh.com.au/business/companies/all-bonza-flights-cancelled-until-wednesday-with-no-refunds-imminent-20240502-p5foeo.html?ref=rss&utm_medium=rss&utm_source=rss_business
Thu,02 May 2024 15:47:20 +1000
All Bonza flights cancelled until Wednesday with no refunds imminent