DIRS.INFO The most relevant business & tech news

☆ Australia billionaire raises stake in Liontown Resources to 16.7%
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: 1 min

Gina Rinehart poses in Western Australia in this undated handout photo obtained January 23, 2018. Hancock Prospecting/Handout via REUTERS/File photo Acquire Licensing RightsOct 6 (Reuters) - Australian billionaire Gina Rinehart's company Hancock Prospecting has increased its stake in Liontown Resources (LTR.AX) to 16.7%, becoming the largest shareholder, Hancock Prospecting said on Friday. Australia's richest person has been adding to her Liontown holdings since early September, when Albemarle (ALB.N), the world's biggest lithium producer, was granted access to Liontown's books after revising a takeover proposal. Reporting by Brijesh Patel in Bengaluru; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

Persons: Gina Rinehart, Hancock, Gina Rinehart's, Brijesh Patel, Edmund Klamann Organizations: REUTERS, Hancock, Resources, Thomson Locations: Western Australia, Albemarle, Bengaluru

☆ Alabama Democrats likely to flip seat under court-approved congressional map
▼ + stars: | 2023-10-05 | by ( Joseph Ax | ) www.reuters.com time to read: +2 min

The three-judge panel selected a map that preserves the state's lone majority-Black district while creating a second district in which Black voters make up nearly half of the voting-age population. Democrats would need to flip five seats in the 435-seat House of Representatives to take back the majority in the November 2024 election. Civil rights groups challenged the Republican map, arguing that Republicans had deliberately spread Black voters thin to ensure they would continue to win six of the state's seven districts. "And it would not have been this way if the legislature had created a second opportunity district or majority-minority district." Similar challenges are also pending in Louisiana and Georgia, where civil rights groups have argued that Republican lawmakers illegally disadvantaged Black voters by manipulating congressional lines.

Persons: Terri Sewell, Martin Luther King Jr, Elizabeth Frantz, Donald Trump, Ronald Reagan, Bill Clinton, Joseph Ax, Aurora Ellis Organizations: Union, REUTERS, House, Republican, The U.S, Supreme, Circuit, Appeals, Democratic, Thomson Locations: Washington , U.S, Alabama, U.S, Black, The, Louisiana, Georgia

[1/3] Atomo Coffee's 'beanless coffee', which uses superfoods and upcycled ingredients to mimic the molecular structure of coffee, is seen in this handout picture obtained by Reuters on September 29, 2023. "Coffee is causing deforestation at a pretty alarming rate - almost up to ten (New York) Central Parks a day," said Atomo's CEO and co-founder Andy Kleitsch ahead of the firm's beanless coffee launch at the New York Coffee Festival on Friday. Atomo says its initial "proof-of-concept" cold brew beanless coffee caused 93% fewer carbon emissions and used 94% less water than regular coffee. The firm expects to see similar figures for its new hot beanless coffee which is also made using mostly upcycled ingredients like date pips, which tend to be discarded in the commercial production process. However, Atomo says it is in talks with most of the world's major coffee firms about how it might scale up and supply them.

Persons: Andy Kleitsch, Atomo, Maytaal, Mark Potter Organizations: Reuters, Atomo, REUTERS, Acquire, baristas, Central Parks, New York Coffee, Time Magazine, Thomson Locations: Seattle, New York, Central

☆ Australia's Westpac fails to sell pacific banking business
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

A woman exits the ground floor of an office building with Westpac logo amidst the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020. "Any failure to successfully divest businesses means that we may have sustained exposure to higher operating costs and to the higher inherent risks in those businesses," Westpac had told the market during its interim results in May. The bank would be starting a new brand campaign in the months ahead in both the countries in a move to improve its standing in local markets, Anthony Miller, CEO of Westpac business and wealth division said in a statement. The company said its pacific business was continuing to see growth along with operational recovery post COVID, which presented Westpac an option to invest in the operations. ($1 = 1.5863 Australian dollars)Reporting by Rishav Chatterjee in Bengaluru; Additional Reporting by Ayushman Ojha; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Loren Elliott, Anthony Miller, Rishav Chatterjee, Ayushman Ojha, Rashmi Organizations: Westpac, Central Business District of, REUTERS, Kina Securities, Thomson Locations: Central Business District of Sydney, Australia, Fiji, Papua New Guinea, Bengaluru

☆ UK PM Rishi Sunak scraps major high-speed rail link; plans to phase out smoking
▼ + stars: | 2023-10-04 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

U.K. Prime Minister Rishi Sunak used his headline speech at the close of the conference to reassert his authority and outline a number of new policies. Bloomberg | Getty ImagesMANCHESTER, ENGLAND — U.K. Prime Minister Rishi Sunak on Wednesday unveiled a raft of new policies aimed at shoring up waning support for his Conservative Party ahead of next year's General Election. Sunak used the decision to position himself as the change candidate, saying that he would "fundamentally change" the country. "For the first time in the lifetime of this project, we will have cut costs," Sunak said. watch nowCritics on both sides of the political spectrum have accused the prime minister of stifling the countries' long-term prospects in the interests of short-term political gain.

Persons: Rishi Sunak, Sunak, Mayor Andy Street, Andy Burnham, BBC Sunak Organizations: Bloomberg, Getty Images, Conservative Party, Conservative Party Conference, Westminster, West, Mayor, Conservatives, Labour, BBC Locations: Getty Images MANCHESTER, ENGLAND, Manchester, England, Birmingham, Greater Manchester, London

☆ Rio’s latest rock shelter damage highlights need for Aboriginal Voice, advocates say
▼ + stars: | 2023-10-03 | by ( Melanie Burton | ) www.reuters.com time to read: +5 min

Rio's destruction of rock shelters at Juukan Gorge in 2020 prompted a global outcry, the departure of top executives and a parliamentary enquiry that recommended an overhaul of Australia's Aboriginal heritage protection laws. Reaction to the incident has been more muted compared to the outrage over the Juukan Gorge rock shelters so far. VOICE FOR HERITAGELooming over the incident is Australia’s upcoming Indigenous Voice referendum set for Oct. 14 that would create a panel to advise parliament on issues affecting the Aboriginal and Torres Straits Islands communities. "It's hard to think of a more compelling practical example of the need for an Indigenous Voice in the mining policy debate," he said. A spokesperson for the state department regulating Aboriginal heritage protection said it was in contact with Rio Tinto but it was not investigating the latest incident.

Persons: Rio, Simon Trott, Warren Entsch, Rio shouldn't, Morgan Stanley, James Fitzgerald, Jamie Lowe, WGAC, Melanie Burton, Lincoln Organizations: Rio Tinto, REUTERS Acquire, Aboriginal Corporation, ABC, Reuters, Aboriginal, Torres Straits, Australasian Centre, Corporate, Indigenous, Title, Guruma Aboriginal Corporation, Thomson Locations: Rio, Pilbara, Western Australia, MELBOURNE, Western Australia’s, Juukan

☆ TPG Telecom's $4 bln fiber assets bid's due diligence period expires
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +2 min

Oct 4 (Reuters) - Australia's TPG Telecom (TPG.AX) said on Wednesday the exclusive due diligence period granted to Macquarie-backed rival Vocus Group for the A$6.3 billion ($3.97 billion) bid for its non-mobile fiber assets has expired. Discussions between the parties for the commercial terms of the deal remain ongoing, with the consideration subject to change, TPG said in a statement. The bid, made in August, includes TPG's non-mobile fibre assets such as certain Enterprise, Government and Wholesale (EGW) assets and associated fixed infrastructure assets, including the wholesale broadband business, Vision Network. A successful deal would create a combined entity with A$8 billion to A$9 billion enterprise valuation. Separately, TPG was in an asset swap deal with Telstra which faced strong regulatory opposition based on competition concerns.

Persons: Nausheen, Shilpi Majumdar Organizations: Australia's TPG Telecom, Vocus Group, TPG, Enterprise, Government, Wholesale, Vision Network, Telstra, Thomson Locations: Macquarie, Vocus, dealmaking, Bengaluru

☆ California governor vetoes bill offering unemployment pay to strikers
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +1 min

Gavin Newsom, Governor, State of California speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsSept 30 (Reuters) - California Governor Gavin Newsom on Saturday vetoed a bill that would have paid unemployment benefits to striking workers, and had drawn strong support from labor unions and from his fellow Democrats in the state legislature. In rejecting the bill, Newsom noted that the state's unemployment trust fund is already nearing $20 billion in debt. The bill would have made workers out on strike for at least two weeks eligible for unemployment checks. The vast majority of states, with the exception of New York and New Jersey, do not offer unemployment benefits to striking workers.

Persons: Gavin Newsom, Mike Blake, Newsom, Joseph Ax, Edmund Klamann Organizations: Milken, Global Conference, REUTERS, Democratic, Hollywood, Thomson Locations: State, California, Beverly Hills , California, U.S, Southern California, New York, New Jersey

[1/2] Taylor Swift attends the 2023 MTV Video Music Awards at the Prudential Center in Newark, New Jersey, U.S., September 12, 2023. Swift's appearance, in addition to fueling further rumors about her romance with the Chiefs' star tight end, is sure to deliver another marketing blessing to the NFL. Sunday's game was the second-highest selling game of the NFL season after the season opener, Stubhub said. The cheapest nosebleed seat tickets for Sunday's game in East Rutherford, New Jersey, were going for $81 on Sunday afternoon, while resale tickets at the lower level cost close to $9,000. When Swift showed up at the Chiefs' game on Sept. 24, viewership among women ages 18-49 - Swift's prime fan demographic - spike 63% week-over-week.

Persons: Taylor Swift, Andrew Kelly, Travis Kelce, Ryan Reynolds, Hugh Jackman, Blake Lively, Stubhub, Swift, Taylor, Gabriella Borter, Joseph Ax, Frank Pingue, Lisa Shumaker, Stephen Coates Organizations: Prudential Center, REUTERS, MetLife, Kansas City Chiefs, New York Jets, Chiefs, National Football, NBC, Hollywood, NFL, Jets, Kelce, Football, Thomson Locations: Newark , New Jersey, U.S, New Jersey, United States, Kansas City, New York, East Rutherford , New Jersey, Washington, Toronto

☆ California's Newsom promoting Biden in '24 - and perhaps himself in '28
▼ + stars: | 2023-09-30 | by ( Joseph Ax | ) www.reuters.com time to read: +5 min

It was an increasingly familiar position for Newsom, who has emerged as perhaps the Biden re-election campaign's most visible representative. Newsom is near the top of a list that includes Vice President Kamala Harris, Michigan Governor Gretchen Whitmer and Pennsylvania Governor Josh Shapiro, among others. Senator Dianne Feinstein's death meant Newsom will have the job of naming a replacement to help protect Democrats' slim Senate majority. "It benefits Biden, and it benefits Newsom." Jane Kim, the California director of the liberal Working Families Party, said Newsom deserves credit for many of his achievements.

Persons: Gavin Newsom, Ronald Reagan, David Swanson, Wednesday's, Joe Biden, Newsom, Biden, Kamala Harris, Gretchen Whitmer, Josh Shapiro, Dianne Feinstein's, Harris, Steven Maviglio, Ron DeSantis, Sean Hannity, Jane Kim, We've, Representative Barbara Lee, Eric Schickler, Schickler, Joseph Ax, James Oliphant, Tim Reid, Jarrett Renshaw, Colleen Jenkins, Cynthia Osterman Organizations: Republican, Ronald Reagan Presidential, REUTERS, Democratic, Fox News, Democracy, California's Democratic, Families Party, U.S, Representative, University of California, Thomson Locations: Simi Valley , California, U.S, California, Michigan, Florida, Alabama, Arkansas, Long Beach , California, Berkeley

☆ Supervisors at Chile's Escondida mine preparing to strike, union says
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

File Photo: A view of the BHP Billiton's Escondida, the world's biggest copper mine, in northern Chile, in Antofagasta, Chile March 31, 2008. Though the sprawling Escondida mine could continue to operate even if supervisors walked off the job, a strike could lead to production bottlenecks or slowdowns. "I have no doubt that the strike will win," union head Alexis Barrera said in an interview, adding that nearly all members have already cast their votes. The union accuses BHP of looking to reduce benefits and production bonuses while extending working hours. Chile's powerful Union 1 workers' union said it would stand in solidarity with the Escondida supervisors and ensure that no "illegal replacements" came on the job in the event of a work stoppage.

Persons: Ivan Alvarado, Alexis Barrera, Barrera, Escondida, Fabian Cambero, Kylie Madry, Rami Ayyub Organizations: BHP, Escondida, REUTERS, Rights, Thomson Locations: Chile, Antofagasta

SYDNEY, Sept 29 (Reuters) - The blocking of three major deals by Australia's antitrust regulator in the past year was a coincidence, its chair told Reuters, pushing back against concerns among bankers that it has become deal-averse. "There happens to have been a sequence, frankly coincidentally as it turns out, of oppositions," ACCC Chair Gina Cass-Gottlieb said in an interview. There are some concerns that it could be blocked as Brookfield owns AusNet, a poles and wires asset in Victoria state. Cass-Gottlieb also said she doubted foreign investors have been dissuaded from pursuing deals in Australia which does not require companies to get formal clearance before proceeding with a takeover. "The recent stream of merger blockages will make foreign investors think twice."

Persons: Gina Cass, Gottlieb, Canada's Brookfield, Cass, Stephen Corones, Hannah Marshall, it's, Byron Kaye, Scott Murdoch, Edwina Gibbs Organizations: Australian Competition, Consumer Commission, Telstra, TPG, ANZ, Transurban, Origin Energy, Brookfield, FOCUS Cass, Investors, Queensland University of Technology, Cass, Marque Lawyers, Thomson Locations: Melbourne, AusNet, Victoria, Australia, Queensland

☆ Australia's Energy One says no proof of malicious activity after cyber incident
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

Sept 29 (Reuters) - Australian software supplier Energy One (EOL.AX) said on Friday it had not uncovered any evidence of malicious activity on their customer systems after a cyber incident was first identified last month. The company had previously said some personal information of its current and former employees had been compromised, for which the notification process is underway. "Our investigations have not revealed any evidence that customer systems have been impacted and the company continues to securely trade," Energy One said in a statement on Friday. Australian firms have suffered many cyber attacks since September 2022, putting the spotlight on the country's understaffed cybersecurity industry. Recently, Shell Plc (SHEL.L) identified a cybersecurity incident involving some employees at BG Group in Australia, the latest company to be hit by the MOVEit hack.

Persons: Clare O'Neil, Ayushman Ojha, Rashmi Aich, Sherry Jacob, Phillips Organizations: Energy, Shell Plc, BG Group, Home Affairs, Thomson Locations: Australian, Australia

☆ Exclusive: Timor president says China military cooperation 'never discussed'
▼ + stars: | 2023-09-29 | by ( Kirsty Needham | ) www.reuters.com time to read: +5 min

The agreement also provided scope for funding from China including government and commercial loans to East Timor, he said. Some Australian politicians expressed concern after China's state media reported on Saturday that Beijing's agreement with East Timor, around 700km (450 miles) north-west of Australia, also covered military exchanges. "It was never discussed in terms of military cooperation, never discussed, and the Chinese side also never raised this issue," Ramos-Horta said. East Timor, also known as Timor Leste, aims to join the Southeast Asian regional bloc ASEAN by 2025 as it seeks to reduce high poverty rates. Australia has appointed an envoy to speed up negotiations between East Timor and Woodside; Gusmao's government wants gas to be piped to East Timor and not Australia.

Persons: Jose Ramos, Caitlin Ochs, Horta, Xanana Gusmao, Xi Jinping, heightening, Ramos, Kirsty Needham, Lincoln, 私 Organizations: Sustainable, United Nations, REUTERS, Rights, East, Reuters, Southeast, ASEAN, Canberra, Woodside Energy, Greater Sunrise, Greater, Australia, UN's, Fund for Agricultural Development, Global Citizen, Pacific Locations: Horta, Timor, New York City , New York, U.S, East Timor, China, Australia, Indonesia, Canberra, Solomon Islands, 2,000km, Timor Leste, ASEAN, Singapore, Malaysia, East Timor's, Dili, Greater Sunrise, Southeast Asia, Woodside, United States, New York

☆ Exclusive: East Timor president says China military cooperation was 'never discussed'
▼ + stars: | 2023-09-29 | by ( Kirsty Needham | ) www.reuters.com time to read: +5 min

The agreement also provided scope for funding from China including government and commercial loans to East Timor, he said. "It was never discussed in terms of military cooperation, never discussed, and the Chinese side also never raised this issue," Ramos-Horta said. East Timor, also known as Timor Leste, aims to join the Southeast Asian regional bloc ASEAN by 2025 as it seeks to reduce high poverty rates. Australia has appointed an envoy to speed up negotiations between East Timor and Woodside; Gusmao's government wants gas to be piped to East Timor and not Australia. Australia's relationship with East Timor is "stronger than at any time in the last decade", Australia's Department of Foreign Affairs said in a statement.

Persons: Jose Ramos, Caitlin Ochs, Horta, Xanana Gusmao, Xi Jinping, heightening, Ramos, Kirsty Needham, Lincoln Organizations: Sustainable, United Nations, REUTERS, Rights, East, Reuters, Southeast, ASEAN, Canberra, Woodside Energy, Greater Sunrise, Greater, Australia, UN's, Fund for Agricultural Development, Global Citizen, Pacific, Australia's Department of Foreign Affairs, Thomson Locations: Horta, Timor, New York City , New York, U.S, East Timor, China, Australia, Indonesia, Canberra, Solomon Islands, 2,000km, Timor Leste, ASEAN, Singapore, Malaysia, East Timor's, Dili, Greater Sunrise, Southeast Asia, Woodside, New York

☆ California minimum wage for fast food workers raised to $20 an hour
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mike Blake/File Photo Acquire Licensing RightsSept 28 (Reuters) - Fast food workers in California will earn a minimum of $20 an hour starting in April under a new bill signed into law on Thursday by Governor Gavin Newsom. "The future happens here first," Newsom said at an event in Los Angeles, with labor officials and fast food workers flanking him. Labor unions, meanwhile, dropped their push to hold fast food corporations liable for violations committed by their franchisees. There are more than 550,000 fast food workers at 30,000 locations statewide, Newsom said. The overall minimum wage in California is $15.50 an hour, among the highest of any state.

Persons: Gavin Newsom, Mike Blake, Newsom, We're, Joseph Ax, Josie Kao Organizations: Milken, Global Conference, REUTERS, Labor, U.S, Bureau of Labor Statistics, Thomson Locations: State, California, Beverly Hills , California, U.S, Los Angeles

Republican presidential candidates talk over each other during the second Republican candidates' debate of the 2024 U.S. presidential campaign at the Ronald Reagan Presidential Library in Simi Valley, California, September 27, 2023. Former New Jersey Governor Chris Christie, a frequent Trump critic, chimed in, saying Trump was "afraid" and mocking him as "Donald Duck" for skipping the debate. Biden, the presumptive Democratic nominee for the November 2024 election, was also a frequent target for the Republican candidates, who castigated his handling of the economy and the southern border with Mexico. "They're all job candidates," Trump said dismissively of the seven Republicans at the debate. Haley, meanwhile, was hoping a second consecutive strong debate performance will convince some Republican donors she has the best odds of unseating Trump.

Persons: Ronald Reagan, Mike Blake, Donald Trump's, Joe Biden, Trump, Ron DeSantis, DeSantis, Chris Christie, chimed, Donald Duck, Mike Pence, Nikki Haley, Biden, Vivek Ramaswamy, Ramaswamy, Dana Perino, Iowa's, Haley, Doug Burgum, autoworkers, Tim Scott, Scott, Vladimir Putin, Tim Reid, Rami Ayyub, Kanishka Singh, Jasper Ward, Eric Beech, Gram Slattery, Joseph Ax, Ross Colvin, Howard Goller Organizations: Republican, Ronald Reagan Presidential, REUTERS, Democratic, Trump, Reuters, Former New Jersey, United, United Nations, TikTok, U.S, Trump . North, Thomson Locations: Simi Valley , California, SIMI VALLEY , California, China, Wisconsin, Florida, United Nations, Mexico, Michigan, New York, COVID, Trump . North Dakota, Ukraine, Russia, Jasper, Princeton , New Jersey

☆ Peru seeks mining investment revival with pledge to end 'chaos, disorder'
▼ + stars: | 2023-09-27 | by ( Marco Aquino | ) www.reuters.com time to read: +4 min

[1/2] Trucks remain stuck during a roadblock caused due to a demonstration by anti-government protestors demanding the resignation of Peru's President Dina Boluarte, in Condoroma in Cusco region, Peru February 4, 2023. REUTERS/Pilar Olivares/File Photo Acquire Licensing RightsSummaryCompanies Peru mining investment expected to drop 18% this yearMiners push to use contractorsGovernment aims to streamline environmental permittingLIMA, Sept 27 (Reuters) - Peru is looking to put the "chaos" of months-long protests earlier this year behind it to revitalize flagging mining investment in the world's no. As a mining conference in the southern Andean region of Arequipa got started this week, Prime Minister Alberto Otarola addressed concerns about political instability and protests that have led to an expected 18% drop in mining investment this year. The last major investment in Peru was Anglo American (AAL.L)'s $5 billion Quellaveco project, which came online last year and has helped buffer production figures. Reuters GraphicsReporting by Marco Aquino; Editing by Adam Jourdan and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Dina Boluarte, Pilar Olivares, Alberto Otarola, Otarola, Raúl Jacob, Pedro Castillo, Boluarte, Mines Oscar Vera, Victor Gobitz, Gobitz, Marco Aquino, Adam Jourdan, Sonali Paul Organizations: REUTERS, Companies, Miners, Reuters, Mining, Grupo Mexico's, Reuters Graphics, of Energy, Mines, BHP, Mitsubishi, Thomson Locations: Condoroma, Cusco region, Peru, Companies Peru, LIMA, Arequipa, American, Teck

☆ Australia's Qantas chairman says shareholders want him despite turmoil
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Loren Elliott/File Photo/File Photo Acquire Licensing RightsSYDNEY, Sept 27 (Reuters) - The chairman of Australia's Qantas Airways (QAN.AX) on Wednesday vowed to stay in his role despite a host of scandals engulfing the airline, saying its biggest shareholders wanted leadership continuity even as its shares track a one-year low. "I've had meetings with our major shareholders two weeks ago, and they are very strongly supportive of me staying," Goyder told the hearing. "While I retain the confidence of shareholders and the board, I will continue to serve. But she and Goyder, the Qantas chairman since 2018, denied having any discussions about the Qatari request with any member of the federal government. Qatar Airways' senior vice-president of global sales, Matt Raos, told the hearing the company was "surprised and shocked" its application was denied without a reason given.

Persons: Loren Elliott, Richard Goyder, I've, Goyder, we've, isn't, Vanessa Hudson, Jayne Hrdlicka, Hrdlicka, Matt Raos, Byron Kaye, Gerry Doyle Organizations: Qantas, Sydney Airport, REUTERS, Rights, Qantas Airways, Stock, Qatar Airways, Virgin, Thomson Locations: Sydney, Australia, Virgin Australia, Qatar

☆ Australia fines lender ANZ $9.6 mln for misleading customers over funds
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

FILE PHOTO: A pedestrian is reflected in the window of a branch of ANZ in central Sydney, Australia, October 25, 2017. The Australian lender falsely indicated to customers that they could avail cash advance from funds stated to be their 'Available Funds' without incurring fees and interest, according to the Australian Securities & Investments Commission (ASIC). The error resulted in customers being charged with thousands of dollars in fees while the average remediation paid was around $45 per affected account. "Many ANZ customers relied on the account information displayed by the bank and were charged fees that were inconsistent with that information," said ASIC Deputy Chair Sarah Court. "ANZ accepts responsibility for what has occurred and apologises to its customers, and has addressed the issues that gave rise to the contraventions," the lender said.

Persons: Steven Saphore, Sarah, Himanshi Akhand, Aishwarya Nair, Sherry Jacob, Phillips Organizations: ANZ, REUTERS, ANZ Group Holdings, Australian Securities & Investments Commission, National Consumer Credit, Thomson Locations: Sydney, Australia, Bengaluru

☆ Pilots at Australia's Qantas demand chair quit over scandals
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +3 min

Qantas Airways QF100 flight, which marks the airline's 100th birthday, departs from Sydney Airport to fly over Sydney Harbour in Australia, November 16, 2020. "We have totally lost confidence in Goyder and his board," AIPA President Captain Tony Lucas said in a statement. "Qantas desperately needs a culture reset but how can this happen with Richard Goyder as chairman?" Qantas declined to comment, referring Reuters to previous public comments from Goyder where he refused to quit. Goyder, who has been the airline's chairman since 2018, is not up for reelection at its annual meeting in November.

Persons: Gregg Porteous, Vanessa Hudson, Richard Goyder, Captain Tony Lucas, Goyder, Alan Joyce, Albanese, Byron Kaye, Jamie Freed Organizations: Qantas Airways QF100, Sydney Airport, Sydney Harbour, Handout, REUTERS, Rights, Australia's Qantas Airways, Australian, International Pilots Association, Qantas, Reuters, Qatar Airways, Thomson Locations: Australia, Goyder

☆ European shares slide as firmer yields, China woes weigh
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 25, 2023. REUTERS/Staff/file photo Acquire Licensing RightsSummaryCompanies STOXX 600 down 0.7%Sept 26 (Reuters) - European shares extended losses on Tuesday as elevated bond yields pressured the rate-sensitive technology sector, while weakness in China-exposed stocks persisted on slowdown jitters in the world's second-largest economy. The pan-European STOXX 600 (.STOXX) shed 0.7% by 0710 GMT, as the benchmark 10-year Bund yield hit its highest level since 2011. Technology stocks (.SX8P), whose valuations come under pressure as yields rise, slid nearly 2% to lead sectoral losses. China-exposed luxury stocks such as LVMH (LVMH.PA) and Richemont (CFR.S) weakened 1.5% and 2.5%, respectively, amid lingering concerns over the crisis-hit Chinese property sector.

Persons: Bansari Mayur, Sherry Jacob, Phillips Organizations: REUTERS, Staff, Technology, Rio Tinto, Energy Resources of Australia, Thomson Locations: Frankfurt, Germany, China, Northern Territory, Bengaluru

☆ Qantas charter unit's pilots vote in favour of protected industrial action
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

Three pilot groups, including pilots from aircraft charter company Network Aviation, have been negotiating with Qantas management over wage policy revisions. A spokesperson for QantasLink, an airline brand of Qantas, termed the step towards industrial action by the AFAP as "disappointing". "We have already reached in-principle agreement with the two other unions representing Network Aviation pilots, and we're continuing to negotiate in good faith to secure new agreements with our turboprop pilots." There are contingency plans in place to minimise disruptions to customers if the union proceeds with the industrial action, the spokesperson told Reuters. The AFAP also flagged the potential industrial action might impact certain charter flight operations to large mines and oil gas projects in Western Australia.

Persons: Loren Elliott, Rishav Chatterjee, Lewis Jackson, Aishwarya Nair, Rashmi Organizations: Qantas, Sydney Airport, REUTERS, Pilots, Network Aviation, Qantas Airways, Australian Federation of Air Pilots, Reuters, Network Aviation's, Thomson Locations: Sydney, Australia, Western Australia

The logo of accounting firm PricewaterhouseCoopers (PwC) is seen on the top of a Brussels' office of the company, in Diegem, Belgium September 21, 2023. REUTERS/Yves Herman Acquire Licensing RightsSYDNEY, Sept 27 (Reuters) - PwC Australia will appoint outsiders to its board and publish audited financial statements as part of a governance overhaul to bring the partnership closer to public company standards following a scandal over the leak of confidential tax documents. PwC Australia will announce plans on Wednesday to apply some Australian Stock Exchange governance principles including appointing two non-executive directors and a non-executive chair to its board, according to excerpts of plans provided by PwC. The changes form part of PwC Australia's response to a months-long independent review into its governance and culture, which will be published in full on Wednesday. Australia said last month it would drastically toughen penalties against those who promote dodgy tax schemes and strengthen regulators in response to the scandal.

Persons: Yves Herman Acquire, Kevin Burrowes, Ziggy Switkowski, Lewis Jackson, Kim Coghill Organizations: PricewaterhouseCoopers, REUTERS, Rights, Facebook, Australian Stock Exchange, PwC, “, Telstra, Thomson Locations: Brussels, Diegem, Belgium, Australia

☆ Bosses are trying to get their employees engaged by hosting events like 'drag bingo,' but many Gen Z and millennial workers just want to be left alone
▼ + stars: | 2023-09-26 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Some Gen Z and millennial employees told Insider these efforts were out of touch. While not every office is hosting drag bingo, even simple gestures like a Friday team lunch could rub employees the wrong way. She said bosses have been successful when there are frequent check-ins between bosses and employees to discuss shared goals surrounding team building. AdvertisementAdvertisementBecause Gen Z workers tend to make career moves more frequently than their predecessors, bosses are adjusting their management styles, Maxwell said. "I've noticed that Gen Z wants even a higher level of connection than what I've seen previously as far as personally being able to connect, share their opinions," Maxwell said.

Persons: —, Emma, Emma couldn't, I'm, Mephy, Zer, Tim Cozier, Gen X, Kelly Maxwell, Maxwell, I've, Z, She's, Gen Organizations: Service, Gen

Search resuls for: "Ax"

25 mentions found