Category: Business & Technology

Aussie dollar could hit 90 cents next year

Aussie dollar could hit 90 cents next year

IMPROVING global growth and synchronised interest rate hikes could drive the Australian dollar as high as 90 US cents next year, an economist says. THE Australian share market looks set to open comfortably higher after Wall Street lifted on strong US jobs figures, Europe rose on a Brexit breakthrough and Asian indexes gained after economic […]

Professor who cured blindness in dogs sets sights on humans

Professor who cured blindness in dogs sets sights on humans

A Perth medical researcher has won the prestigious Florey Medal for her pioneering work with dogs to help tackle macular degeneration — a leading cause of blindness. Professor Elizabeth Rakoczy has developed a gene therapy for age-related wet macular degeneration, one of the main causes of blindness in the developed world. “I really accept this […]

World’s largest lithium battery switched on in Australia

World’s largest lithium battery switched on in Australia

The world’s largest lithium ion battery has begun providing electricity into the power grid in South Australia. The project is a collaboration between the state government, American firm Tesla, and Neoen, a French energy company. Tesla boss Elon Musk, who was not in attendance at the switch-on, had boldly promised to build the battery in […]

Top Airbnb host in Australia makes $5.3m a year

Top Airbnb host in Australia makes $5.3m a year

Top Australian hosts are earning far more than loose change for listing their spare room, apartment or house on popular accommodation site Airbnb, with one Sydney operator raking in $5.3 million in the past year. The top 10 Airbnb hosts or property managers nationwide made between $2 and $5.3 million in the year to October […]

Australian workers gift $130b to employers

Australian workers gift $130b to employers

Australian workers are donating an estimated $130 billion a year to their employers through unpaid overtime, according to a leading workplace thinktank. The Australia Institute’s Centre for Future Work released the research to coincide with its annual “Go Home On Time Day” where it encourages workers not to stay back late at their workplace. The […]

Why you should always pay cash

Why you should always pay cash

NEW research has found that people who make cashless transactions are more likely to lose track of their spending. YOU might want to think twice before handing over your plastic for your next cappuccino. Because new research from Europe has shown that people who make cashless transactions are more likely to lose track of their […]

Telstra finally offers unlimited data

Telstra finally offers unlimited data

TELSTRA has launched its first home broadband bundles offering unlimited data as Australian households’ appetite for broadband data continues to grow. From today, all customers on $99 and above home internet plans will receive unlimited data. Existing customers on plans under $99 will also receive a major data boost, at least doubling their existing plan […]

Young Kiwis create world’s first portable espresso machine

Young Kiwis create world’s first portable espresso machine

A KIWI couple are ready to take the world by storm with great coffee on the go, developing what they say is the world’s first “truly portable” espresso machine. Brianna Ellin, 18, and 20-year-old Josh Mittendorff spent the past year working with a product designer on the PortaPresso — an espresso machine that can grind […]

How Paradise Papers show the corporate tax debate is pointless

How Paradise Papers show the corporate tax debate is pointless

A lot of energy is being expended debating whether Australia should lower its corporate tax rate to remain competitive with the rest of the world. Donald Trump’s planned US company tax cut from 35 to 20 per cent has reignited calls from big business and the Coalition Government that Australia’s 30 per cent rate for […]

Apple releases first major update for iOS 11

Apple releases first major update for iOS 11

APPLE fans are rejoicing online after the company released the first major update to iOS 11 since its release in September. The iOS 11 operating system which debuted alongside the iPhone 8 has been much maligned by Apple fans for various bugs and for appearing to rapidly drain the battery. Despite the fact Apple has […]

Health system can’t work without insurers

Health system can’t work without insurers

AMA president Michael Gannon says patients are seeing out-of-pocket expenses increase because of useless health insurance policies. Private insurers insist they have become an essential part of the health system and it would not be possible to put the care they help fund back on the public purse. Private Healthcare Australia chief executive officer Rachel […]

The smart phone age is over and Google thinks AI is next

The smart phone age is over and Google thinks AI is next

The modern smart phone era, as kicked off by the launch of the first iPhone 10 years ago, is now mature. At the launch of Google’s Pixel 2 phone in San Francisco today, CEO Sundar Pichai acknowledged smartphone features were “levelling off” and said it was hard to develop exciting new products based on hardware […]

End of road for Toyota Oz manufacturing

End of road for Toyota Oz manufacturing

Toyota will role the last car off its Altona production line in less than 24 hours, signalling the end of the road for more than 2700 Melbourne plant workers. After more than half a century making cars in Australia, Toyota is due to roll the last vehicle off its Melbourne production line. The final model […]

More baby formula bound for China

More baby formula bound for China

A2 MILK has had its application to continue selling infant formula products in China approved by the nation’s regulatory body. THE A2 Milk Company has had its application to continue selling its infant formula products in China approved by the Asian nation’s regulatory body. The mandatory application to the China Food and Drug Administration (CFDA) […]

Self-driving cars could change your life within six years

Self-driving cars could change your life within six years

Tony Seba, Stanford lecturer, author and self-described thought leader, is not one to prognosticate lightly. Seba — a “chief disruptor” with over 20 years experience in venture capital, business entrepreneurship and clean energy technologies — has a message for commuters tired of traffic jams. Seba predicts that by 2024, the whole concept of individually owned […]