Bite-sized business news from Australia and around the world
Dozens of EY audit employees have been caught cheating on the ethics portion of their CPA exams.
Australia's competition watchdog the ACCC is urging the big banks to adopt new safeguards against bank scams.
The Reserve Bank's been increasing interest rates since May, with a view to bring inflation down. But, is it working?
After having axed its cryptocurrency Diem earlier this year, Meta is now shutting down its digital wallet Novi.
Aussie debt collection agency Collection House has folded after a rocky few years.
TikTok recently confirmed reports that employees in China can see data from US users... And now Aussie TikTok is under the microscope.
Australia's biggest super fund, AustralianSuper reckons member funds could hit $1 trillion in less than 20 years.
Apple's always at the forefront of new tech, and now it's looking to revolutionise how we use our car dashboards.
After a pretty rocky relationship, Seven West Media is finally taking Cricket Australia to court.
Nike took pro investors by surprise when it posted its earnings results, but ya know, we never lost faith.
Apple and Google are facing a class action on behalf of Aussie consumers, who say their market power is affecting prices.
Liontown Resources has been busy signing deals with big-name companies like LG, Tesla, and now... Ford.
Pinterest is paving its way into the e-commerce industry - and it needs the right CEO to get it there.
Aussie biotech company Imugene's HER-Vaxx trial results were successful, sending its shares up 45%!
After struggling to raise the capital it needed to continue its operations, Volt has officially left the neobank building.
After losing 200,000 subscribers, Netflix needs a new plan. And it reckons it's got one.
Sound like a drastic move? Well, BWX had good reason to do it - just ask CBA!
Rumour has it FTX wants to buy trading platform Robinhood - and it ain't just about the juicy profits.
Carsales is planning to expand into the US - but needs help from shareholders to do it.
Zendesk just agreed to sell itself for $10.2 billion - which is a far cry from the $17 billion it was offered earlier this year.
Suncorp Group is considering spinning off its banking division to focus on its insurance biz.
Woolies is taking on the likes of Milkrun and Voly with a new 60-minute grocery delivery app.
Juul can no longer sell its vaping products in the US - a move that's hit Marlboro owner Altria, too.
Sun Cable - the world's largest renewable energy project - is expected to generate $2 billion in revenue annually by 2028.
IKEA - which is always ahead of the curve - is launching a new AI-driven interactive design experience.
Cereal company Kellogg's is spinning off its iconic business divisions into 3 different companies.
Grocery delivery companies have copped a bit of a beating lately, and now the downturn's caught up with Voly.
Microsoft will no longer distribute its facial recognition tech that predicts people's emotions, as it tries to get ahead of lawmakers.
Naomi Osaka is launching a new media production company - called Hana Kuma - in partnership with LeBron James.
Humm's entire board (minus one director) has decided to walk away from the company, following its failed sale to Latitude.
Solend overturned a proposal because it went against the core tenets of DeFi apps.
Queensland Uni's COVID-detecting app fell short in its latest trials, costing the company $53 million.
T-shirt maker Threadheads just made equity crowdfunding history, with the highest expressions of interest in history.
After posting its first quarterly loss since 2015, Amazon needs to pull back on some of its ambitious growth targets.
Telegram is one of the few instant messaging apps with a clear monetisation plan. Take that, WhatsApp!
Qantas has some pretty ambitious sustainability targets, but this latest partnership could help it achieve them.
The Fed is still keen to lift rates to reduce inflation whilst ensuring that the economy has a 'soft landing'.
Lego's going to invest more than $1 billion in its first factory in the US.
Shrinkflation is once again taking place in Aussie grocery stores.
MLS just sold all their global media rights to Apple exclusively, taking the streaming wars up a notch.
Meta will change Facebook's newsfeed to be more like TikTok's as it struggles to remain competitive.
Australia's energy market regulator has suspended the spot market for the first time in history as energy prices go haywire.
Celsius halted transactions for its 1.7M customers in line with "extreme market conditions".
Come 2024, Volkswagen's electric cars might out-sell Tesla's.
ANZ bank is reportedly stalking the accounting software group, MYOB.
The ASX200 is officially in a technical correction... here's what that actually means.
Bitcoin is prone to some pretty big swings, but it's just dipped under US$25k for the first time in 18 months.
News Corp offered to buy gaming company PointsBet for $220 million+, but PB has said, 'thank u, next'.
Campbell's revealed its net sales are soaring and they reckon a recession is no match for them.
Samsung is partnering up with Microsoft to allow gamers to play Xbox even without the console.
Virgin Australia's CEO says the airline has returned to profitability and is considering listing on the ASX.
Revlon's debts have come to back to bite, and it could be its Aussie subsidiary that pays the price.
BuzzFeed's stock has tanked 40% after the expiration of its pre-IPO lockup arrangements.
Spotify just revealed it wants to turn over $100 billion in revenue in the next 10 years - and it could mean higher prices for us!
The EU has just given the green light to new laws that'll see all phone manufacturers use the same charging port.
Uber is cutting fees for drivers who use electric vehicles in a push to increase EV uptake in Australia.
Aussie crypto exchange Swyftx will join forces with share trading platform Superhero, which could value the company at $1.5 billion.
Apple just unveiled a tonne of new features at WWDC - and one of them puts it in direct competition with Google.
Aussie drone company Swoop Aero turned down a $100 million buy-out offer, 'cos it reckons the drone market is just getting started.
The RBA announced its second rate increase in two months, in the hopes it cools the surging inflation rate.
The ACCC is concerned airports might increase prices to recover lost profits from the Covid-19 pandemic.
Apple has teamed up with its arch-rival Block to offer its new two-way tap to pay feature.
Twitter Australia revealed its revenue grew to $149,812 last year, but it only paid around $150,000 in tax.
The EU's hope is that no insurance = no shipping of Russian oil.
Looks like DB might not be backing up its words with actions.
REA Group wants to expand Realestate.com.au and include services like insurance.
It's a tough time to be a tech company, even if you're an exemplar like Canva.
This ex-employee is in some biiiiiiiig trouble right now.
And is the (possible) bubble going to pop, or gently deflate?
Your attention is valuable and TikTok is vying for it more than ever.
Despite being one of the biggest fast fashion players in the UK, Missguided was struggling to make a profit.
We haven't seen a price cap in 10 years, but it looks like it was a no-brainer.
Demand for smartphones is way down, which is bad news for Samsung AND Apple.
The move was part of a plan to push through a scrip deal for the company.
With so much potential for conflict of interest and scandals, it could be a good idea.
The US is experiencing a major baby formula shortage, so this deal comes not a minute too soon.
MCB's campaign targeting retail investors has worked like a charm.
Ya might be wondering why your HECS-HELP debt is about to grow by 3.9%. Here's your Flux breakdown.
Roblox and Akili are joining forces for an innovative venture and we're in!
It's not a good few years for the construction industry is Oz, but especially for Metricon.
NAB now pay later... You've gotta admit it's a good name.
Emily Weiss joins a trend of high profile CEOs stepping away from their roles.
Corruption? In the mining industry? We know it's a wild idea.
NBN is losing customers to its competitors and TBH we're not surprised.
Turns out instant groceries is a tough game, no matter where you're located.
Looks like this stay-at-home company is outlasting widespread restrictions.
Carbon credits are suddenly a hot topic, ever since Labor won the election.
Oh Snap... things are about to get tricky at the Snapchat owner.
Meta sure knows how to dodge, duck, dip, dive and dodge.
Now there will be even more ways to use your Frequent Flyer points.
Klarna is far from the only BNPL service to be feeling the heat right now.
WhatsApp's new venture could be key to diversifying Meta's revenue streams.
A new government often means new rules for business and a big impact on the economy.
The US women's soccer team has also been more successful than the men's lately, just sayin'.
Elon says corporate ESG is evil, but ESG indexes have become popular with ethical investors.
The offer could be a great deal for MyDeal and a competitive move for Woolworths.
The 'family' club is looking to move away from relying on income from pokies.
Apple is on Berkshire Hathaway's shopping list, along with a bunch of other companies.