Category: Business
IKEA has grand designs on Sydney
HOMEWARES giant IKEA is pinning its hopes for Australian success on Sydney’s growth boom, ramping up plans to have four mega-stores in the city. Managing director David Hood predicted a tough retail year ahead but said Sydney was the place to be, with the city’s expansion rivalling global counterparts. Its second Sydney store in Tempe [...]
Meet Australia’s best boss – Ken Grenda
A MELBOURNE boss has stunned his staff by giving them a staggering $15 million gift — the ultimate pay-off for their hard work and loyalty. Workers at bus company Grenda couldn’t believe their good fortune when surprise bonuses averaging $8500 were paid into their accounts – with some staff receiving as much as $30,000. Family-owned [...]
TV’s latest frontier is internet TV
AFTER years of experimenting, the top video destinations on the web are suddenly flush with original programming: documentaries, reality shows and scripted series. Over the next few months, YouTube, Netflix and Hulu will roll out their most ambitious original programming yet – a digital push into a traditional television business that has money, a bevy [...]
How to become a tech-savvy parent
AS the days of perfected handwriting become a distant memory, replaced by the cacophony of keyboard clicks in classrooms, teachers are having to keep up with their tech-savvy students. Parents, too, are evolving from the days of chalk dust and covering school books in plastic contact, to interactive whiteboards and shopping for laptops for their [...]
Aussie dollar set to scale more peaks
The Australian dollar has put on a strong performance over the past days, as market sentiment turns more positive for risk asset, and is tipped to vault to fresh six-month highs. The dollar traded as high as $US1.0686 early on Friday morning, its highest against the greenback since October 31, before falling back to $US1.0603 [...]
Business conditions ‘worst since late 1990s’
BUSINESS owners believe the economy is in desperate need of further interest rate reductions with trading conditions at their worst levels in at least 14 years. The Australian Chamber of Commerce and Industry’s (ACCI) latest survey of investor confidence shows on most counts business conditions are either stabilising at low levels or sinking to contractionary [...]
Seaweed could become alternative to oil, coal
THE humble seaweed could become a real biofuel alternative to coal and oil as scientists say they have unlocked the secret of turning its sugar into energy. A newly engineered microbe can do the work by metabolising all of the major sugars in brown seaweed, potentially making it a cost-competitive alternative to petroleum fuel, said [...]
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