Bite-sized business news from Australia and around the world
Loving Earth has raised over $485,000 through equity crowdfunding and the goal is to use the money to regain market share in the choccy market.
China has decided to loosen up its covid restrictions to rejuvenate its slowing economy.
A major renewable energy platform named CWP was put up for sale, so Andrew Forrest and his crew assembled to lob a $4 billion bid.
Australia's deal forced big tech companies like Google and Facebook to pay news publishers for their content and now, other countries want their slice too.
NAB revealed that loans to EVs and solar panels have increased since 2020.
Uber has been slapped with a $21 million fine by the Federal Court for misleading millions of Australians.
Champagne is loved around the world - particularly by Australians - but now, Australia is facing a mild champagne shortage.
OpenAI released its latest version of a chatbot called ChatGPT, and it could potentially steal the jobs of humans.
The ACCC has revealed that airfares haven't been this expensive in over 15 years so it is coming to the rescue.
Netflix has expanded its Netflix Preview Club to over 10,000 previewers.
Maccas is piloting new tech to help get more meals into more mouths.
The NBN Co will write off at least $31 billion of the costs of the network.
CommBank is keen to fight the good fight against global payment giants like PayPal, Square, and Stripe.
Airbnb is partnering with building owners and landlords.
Telstra planned to launch Telstra Energy by the end of this year... but then changed its mind.
Like many food delivery companies, Doordash needed to rein in costs over the past few months... to it had to lay off 6 per cent of its workforce.
Spotify has released Wrapped 2022... and this time, it includes music personalities.
Domino's Pizza launched into Germany in a joint venture with British Domino's... but now, British Domino's is out.
Amazon unveiled a new software to help both online and physical retailers boost sales.
Balenciaga recently launched a new campaign that showed children holding teddy bears... and it was a major advertising bust.
Bunnings has seen its revenue jump in the past two financial years, but now it's stuck with too much stock for its warehouses.
FrankieOne has raised $23 million from two of the leaders in the crypto space, Binance and Kraken, amongst others.
Optus and Medibank have copped huge data hacks recently, and as a result, premiums for cyber insurance in Australia have more than doubled since 2020.
Strandbags is trying to rebrand its product to appeal to a younger demographic.
China is now reporting more than 30,000 cases a day, which means another major risk for companies.
BWX's shares have been in a trading halt since August, and now they're delaying the release of their financial accounts again.
Mars Wrigley Australia is launching paper-based packaging for all their chocolate bars.
Despite Qatar’s human rights record dominating the early coverage of the World Cup, companies have still been eager to take advantage of the World Cup hype.
Shoppers said they were relying on Black Friday sales to help them save money on Christmas shopping.
A new deal has emerged between Australia and India that will allow them to trade goods and services almost tariff-free.
Zoom is trying to pivot away from being defined exclusively as a videoconferencing platform.
Amazon announced it will be investing in theatrical releases each year.
Harvey Norman announced a jump in sales for this financial year and it's all thanks to Malaysia.
After only two and a half years letting of stepping down as CEO of Disney, Bob Iger returns to replace his successor Bob Chapek.
Deliveroo and VOLY both said they would be shutting down in Australia... and now, Coles is swooping with its new click-and-collect orders.
Qantas expects up to $1.45 billion in underlying profit before tax in the first half of its financial year.
Morgan Stanley aims to invest in companies that will collectively remove 1 gigaton of carbon dioxide emissions by 2050.
Penguin Random House wanted to merge with Simon and Schuster, but the deal was scrapped before it even happened.
Iris Energy borrowed over $163m to power bitcoin mining machines, but now it has decided to not repay these debts.
Gap released their increased quarterly profits and it shows they've done better than investors expected.
Five of the major streaming services collectively spent $670 million in 2022 on Australian and Australian-related programming.
While Medibank's data breach has been devastating for its own customers, it's been a blessing in disguise for NIB.
After a long tussle, BHP has finally acquired OZ Minerals.
AA Co reported a huge increase in operating profits... and they recon it ain't stopping any time soon.
Things were tough at Webjet during 2020 and 2021 lockdowns... but now, it has gained a major profit.
With travel back big-time post pandemic, Airbnb has now shifted its focus to its 4 million Airbnb hosts.
Designer Tom Ford created his own brand in 2005 and now Estee Lauder agreed to acquire his whole company.
David Jones' performance over the past decade has been underwhelming... but now it's turning a corner because its sales have jumped.
Berkshire Hathaway just made a huge investment in a microchip company in Taiwan.
Oatly has warned of a change in its forecasted revenue for the upcoming year because "oat milk is more expensive than dairy milk".
Deliveroo Australia's operations are no longer sustainable so it has decided to shut down.
Unilever released its quarterly results and they've pushed up their prices up.
CBA has released its quarterly results which were described as "solid".
Since FTX's collapse, crypto investors are now questioning the reliability of keeping assets on digital asset exchanges.
Gen Z and millennials aren't as jazzed as they used to be about forking out for unli swipes and extended matches.
Amazon is taking a slice out of its most unprofitable business - Alexa.
After a pandemic boom, Adore Beauty is going back to the drawing board.
Vanguard Australia has launched its new MySuper product to the Australian market.
After a jump in quarterly profits, Nintendo's preparing Mario and the entire team for life after video games.
Westfield is seeing consumers splurge on retail shopping.
After suffering major losses and its first sales decline as a public company, Meta has laid off more than 11,000 of its staff.
RM Williams saw its sales jump 17% in the last 12 months, and now it's focusing on becoming an even greener company.
Origin Energy just got a new suitor... with a whoppin' $18 billion takeover offer.
Disney+ saw massive subscription growth... but that also meant a massive loss for its streaming division.
There's been a crazy chain of events between Binance and FTX... and now the latter has crumbled.
News Corp just announced its results for the last quarter and it's fair to say, it's been whacked.
Travel app hopper just raised big wads of cash to build out their social commerce app.
Estee Lauder and other cosmetic companies are seeing a drop in sales as they kiss the 'lipstick effect' goodbye.
Westpac's CEO warns that consumer spending is high... thanks to inflation psychology.
The last year hasn't been kind to Coopers Brewery... but it reckons the 2023 financial year is its year to shine.
Despite the revenue jump, Atlassian's projection for the upcoming quarter was disappointing... but that's not gonna stop it from charging ahead.
Coca-Cola Amatil had a number of coal assets, including one in Queensland... but Glencore alleges that the iconic soft drink maker doesn't own that site.
Danish shipping company Maersk is sending out a warning about the economy.
Australian Super is urging policymakers to focus on how super fund members could earn more as they retire.
Ralph Lauren is teaming up with popular online video game Fortnite... to start a digital fashion line.
Johnson & Johnson just acquired a new heart device maker.
After two years of lockdowns, it's fair to say Airbnb customers have unleashed - and it shows in Airbnb's record revenue.
Australia's financial crime watchdog is setting its eyes on two of the country's biggest betting agencies.
Twitter's verified blue-tick badges may now become available to anybody who pays for it.
After taking the world by storm over the COVID period, BNPL companies might be facing more regulation from the government.
Spotify and Apple Music better be ready... because Amazon's music-streaming app will be playing 100 million songs and ad-free podcasts.
Andreesen Horowitz announced a $4.5 billion USD crypto fund but since then, it has lost around 40% of its value.
MrBeast has leveraged his business beyond just social media... and now he's looking to raise a $1.5 billion valuation for it.
The government is once again exploring the possibility of a social impact investment bank... but this time, it needs the help of the Big Four banks.
Apple is going to increase the price of its AppleTV+ and Apple Music subscriptions.
Intel's Mobileye lists on the NASDAQ for the second time around.
Westpac locked in a multimillion-dollar deal with the National Rugby League.
Meta just released its quarterly results and it's fair to say the Metaverse has become its major focus.
ANZ had some big news to share with the market... and it's all about a whopping cash profit.
Seven West Media has signed a multi-year content deal with NBCUniversal.
Coles saw price inflation rise this quarter and it reckons its customers are starting to change their purchasing habits.
Adidas cut ties with Ye over a number of anti-Semitic tweets and comments.
Medibank initially warned that only 'some' data had been exposed... but now it revealed this cyber attack was a whoooole lot bigger.
Brazil's Minerva Foods has snapped up the Australian Lamb Company.
More and more Australians are using vaping products... and this could become another sin tax for the government.
The Labor government just dropped the mic on its first budget in a whoppin' 10 years.
7-Eleven has extended its supply deal with ExxonMobil for another 11 years.
Nine denied that Stan is for sale, but it did say that Stan is looking for a strategic partnership.
Hancock Prospecting has walked away from the deal with Netball Australia.