State of the States report: WA economy was 'always going to deteriorate', Mike Nahan says
State of the States report: WA economy was 'always going to deteriorate', Mike Nahan says Updated May 02, 2016 14:56:45 Treasurer Mike Nahan has played down another fall in Western Australia's State of the States ranking, as the end of the mining boom continues to undermine the state's economy. Key points:WA falls to sixth-best performing economy in AustraliaLittle to separate bottom three economies, CommSec saysWA was always going to slip, Treasurer Mike Nahan says T..>> view originalWhy is the technology industry so afraid of tax?
The technology industry is being built up by politicians of all persuasions as the saviour for Australia's post mining boom economy. There are all sorts of reasons why that's a good thing. There are also plenty of reasons to be sceptical.In a week when the gaping hole in the nation's finances moves into view (you probably haven't noticed, because no one in the media is talking about it, but the federal budget is being announced this week) one issue seems particularly relevant.Tax minimisation.E..>> view originalGoogle hires new ANZ chief
Google hires new ANZ chiefDavid SwanThe AustralianMay 2, 2016 4:35PMSavePrint New Google Australia and New Zealand managing director Jason Pellegrino. Source: Supplied.Tech giant Google has announced its new managing director for Australia and New Zealand, sales executive Jason Pellegrino.Mr Pellegrino takes the reins after seven years with Google where he has served as sales director for Australia and head of sales operations and strategy for Google’s Australia & New Zealand business.Since Feb..>> view originalGaming giant Tabcorp lifts revenue to $1.7b on increased wagering
Tabcorp says it boosted its group revenue 1.9 per cent to $1.65 billion for the financial year to date. Gaming giant Tabcorp stemmed the loss of online market share to its overseas rivals in the third quarter yet sluggish overall revenue growth in its wagering unit disappointed investors.Tabcorp, which controls horse racing, sports wagering, Keno and a substantial media unit, said digital turnover surged 15 per cent to $938 million for the three months ended M..>> view originalWestpac slide keeps ASX in the red
Westpac's results sent its share price down 3.5 per cent to $29.95. Photo: James Davies Australian shares fell back on Monday after a poor earnings result from Westpac weighed on banking stocks, offsetting gains in Telstra and resources stocks.The market almost rebounded from heavy early losses to record a gain for the day but ultimately the benchmark S&P/ASX200 dropped 0.2 per cent to 5243.0 while the broader All Ordinaries dropped 0.1 per cent to 5312.0.Com..>> view originalAustralian house prices jump in April, after stalling in March
Australian house prices jump in April, after stalling in March Posted May 02, 2016 10:51:45 Capital city home values bounced back last month, led by solid results in Sydney, Brisbane and Adelaide.Figures from CoreLogic RP Data show home values rose by 1.7 per cent across the combined capitals, taking annual growth to 7.3 per cent.That comes after a 0.2 per cent increase in March, and a 0.5 per cent rise in February.Sydney led the price gains in April, with a 2.4 per c..>> view originalTelstra to spend $50m to prevent ongoing mobile network failures
Telstra to spend $50m to prevent ongoing mobile network failures Posted May 02, 2016 13:54:00 Telstra will spend an additional $50 million on its mobile network in a bid to prevent ongoing outages that have left the giant telco red-faced and its customers fuming. Key points:Three outages had different causes but outcomes were similar$25 million will be spent on adding more capacity to the core network and nodesOther $25 million will be used to get a better early warn..>> view originalAustralian Craig Steven Wright reveals himself as Bitcoin's mysterious mastermind Satoshi Nakamoto
Craig Wright was confirmed as Bitcoin founder on Monday. Photo: Youtube Australian tech entrepreneur Craig Wright on Monday told the BBC he was the creator of controversial digital currency Bitcoin, ending years of speculation about a person who until now has gone by the name of Satoshi Nakamoto.The BBC said Wright gave technical proof supporting his claim to using Bitcoins known to be owned by Bitcoin's creator. It said prominent members of the Bitcoin comm..>> view originalMurray Goulburn board needs to answer why it ignored lower global milk prices for so long: Opinion
Murray Goulburn board needs to answer why it ignored lower global milk prices for so long: Opinion Updated May 02, 2016 16:09:42 The board of Australia's largest dairy processor faces two weeks of gruelling meetings with farmer suppliers, to explain what went wrong with its strategy.Last week, the cooperative downgraded its profit outlook to half the value forecast in the prospectus a year ago, and slashed milk payments to farmers.Managing Director Gary Helou, along wit..>> view originalArrium: Interest-free loan program launched for businesses hit by steelmaker's administration
Arrium: Interest-free loan program launched for businesses hit by steelmaker's administration Updated May 02, 2016 17:59:26 A $10 million program offering interest-free loans of up to $750,000 will be available to South Australian businesses experiencing cash-flow problems due to Arrium entering administration.The steelmaker went into administration last month with a debt of about $4 billion and the Whyalla steelworks running at a loss.Treasurer Tom Koutsantonis has ann..>> view original
Monday, May 2, 2016
State of the States report: WA economy was 'always going to deteriorate', Mike Nahan says and other top stories.
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