$213m settlement ends "agonising wait" for PFAS contamination victims

$213m settlement ends "agonising wait" for PFAS contamination victims

A landmark $212.5 million settlement has delivered justice to thousands of victims of toxic firefighting equipment contamination across the country. As reported by the Sydney Morning Herald, the federal Department of Defence settled a class action lawsuit on Monday, giving closure to victims of carcinogenic per- and poly-fluoroalkyl ...

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EG Group makes $25m takeover bid for Oliver's Real Food

EG Group makes $25m takeover bid for Oliver's Real Food

A British company that attempted to buy Caltex Australia (ASX: CTX) now has its eye on roadside convenience restaurant chain Oliver's Real Food (ASX: OLI). EG Group's $25 million offer for Oliver's is pocket change compared to the $3.9 billion takeover bid that was rejected by Caltex earlier this month, but it repres...

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Coronavirus could spark a revolution in working from home. Are we ready?

Coronavirus could spark a revolution in working from home. Are we ready?

Imagine your employer asking you to work from home until further notice. As COVID-19 continues to spread, this seems an increasingly likely scenario. "Everyone who can work from home should work from home," said Harvard epidemiologist William Hanage this week. In China and neighbouring countries, millions are doing so for th...

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Webjet and Helloworld withdraw profit guidance amid Covid-19 uncertainty

Webjet and Helloworld withdraw profit guidance amid Covid-19 uncertainty

Webjet MD John Guscic (pictured) and Helloworld CEO Andrew Burnes are taking pay cuts in the face of challenging conditions, following the lead of Qantas boss Alan Joyce and Air New Zealand's Greg Foran. An escalation in cancellation rates at short notice has prompted travel booking aggregator Webjet (ASX: WEB) to withdraw i...

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Superyacht trial to commence at Brisbane's Kangaroo Point

Superyacht trial to commence at Brisbane's Kangaroo Point

Kangaroo Point on the Brisbane River could soon be a hub for the world's most luxurious superyachts if a government-backed trial is successful. The Queensland State Government has announced a 12-month trial to bring superyachts to Brisbane, which will see a dedicated mooring buoy built below the Kangaroo Point Cliffs. The trial, e...

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A perfect storm forces kikki.K into receivership

A perfect storm forces kikki.K into receivership

What began as a dream for kikki.K founder Kristina Karlsson (pictured) could be coming to an end as the Australian retailer falls into receivership. The stationery retailer is the latest company to face potential collapse with receivers Cor Cordis being appointed on Tuesday. "It is with profound regret and sadness that we take th...

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Suspended Smiles Inclusive reports $1m lifeline

Suspended Smiles Inclusive reports $1m lifeline

An embattled Gold Coast-based dental company in absentia on the ASX has an ace up its sleeve after receiving a binding agreement from a sophisticated investor to raise $430,000 for working capital. Smiles Inclusive (ASX: SIL) says the investor has also promised a further $570,000 later in the half.  The company was suspended...

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Mesoblast to trial treatment on high-risk Covid-19 patients

Mesoblast to trial treatment on high-risk Covid-19 patients

Melbourne-based medical technology company Mesoblast has seen its shares surge 17 per cent in early trading after announcing plans to evaluate its stem cell treatment solutions on Covid-19 patients in the United States, Australia, China and Europe. Mesoblast will be targeting acute respiratory distress syndrome (ARDS) caused by ...

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Qantas CEO gives up salary as international flights slashed by a quarter

Qantas CEO gives up salary as international flights slashed by a quarter

Weak demand sparked by Covid-19 has led Qantas (ASX: QAN) to slash international routes for six months, driving down international capacity by up to 23 per cent with eight of its largest Airbus A380 aircraft grounded. Group CEO Alan Joyce will also take no salary for the remainder of the financial year, and chairman Richard...

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Tritium signs deal with major UK electric vehicle charging provider

Tritium signs deal with major UK electric vehicle charging provider

A Brisbane-based manufacturer of electric vehicle (EV) chargers has achieved another breakthrough in the UK after reaching a preferred supplier agreement with Pod Point. As part of the deal Tritium's Veefil-RT 50kW DC rapid charger will be offered to Pod Point's new and existing customers in the electric vehicle charging...

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Education e-retailer Zookal raises $15m

Education e-retailer Zookal raises $15m

Sydney-based student services platform Zookal is bulking up on funding to bolster growth in South East Asia, where it already has users in three countries. Co-founded by Ahmed Haider while at university, Zookal provides a variety of services and products including textbooks and stationery.  The company has just com...

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Australian Information Commissioner takes Facebook to court

Australian Information Commissioner takes Facebook to court

The Australian Information Commissioner has taken aim at Facebook alleging the tech giant exposed the data of more than 300,000 Australian users to potential political profiling. The commissioner has lodged proceedings against the social media platform in the Federal Court alleging it committed serious and/or repeated interferenc...

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King Living it up in Canada

King Living it up in Canada

"Our foray into the North American market through Vancouver has been extremely successful, and in the next five years it wouldn't surprise me if we had a footprint in North America equal to that of Australia," says King Living CEO Anna Carrabs.  It has now been eight months since furniture maker King Living ex...

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EcoGraf makes headway with EV battery recycling trial

EcoGraf makes headway with EV battery recycling trial

A Perth-based company is leading the charge with its new solution to support the budding electric vehicle (EV) industry, with the help of a proprietary technology that purifies a key component used in lithium-ion batteries. EcoGraf (ASX: EGR) has announced it successfully trialled its graphite purification technology to recycle lithium-io...

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NanaBis cancer trial shows "meaningful pain reduction"

NanaBis cancer trial shows "meaningful pain reduction"

As a medicinal cannabis company focused on evidence-based science to boost its sales prospects, Medlab Clinical (ASX: MDC) has announced a major milestone today. A clinical trial of Medlab's flagship NanaBis mouth spray at the Royal North Shore Hospital (RNSH) in Sydney has been deemed safe and efficacious by an independent reviewer. ...

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DroneShield secures order from major US government agency

DroneShield secures order from major US government agency

From last year's attacks on Saudi Aramco oil facilities to the January strike that killed Iranian General Qassem Soleimani, drones have been at the centre of some of the world's most significant geopolitical events of the past six months. Australian counter-drone technology company DroneShield (ASX: DRO) aims to play an impor...

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Versatility, size and service make the GCCEC a premium Australian venue

Versatility, size and service make the GCCEC a premium Australian venue

To be able to generate a healthy $327 million in economic benefits in just one year for the Gold Coast is no easy task. The Gold Coast Convention and Exhibition Centre (GCCEC) certainly pulls its weight when it comes to attracting visitors to the city, both for business and leisure tourism. In fact, some 3 million guests have walked t...

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Brisbane entrepreneur's AI eyeball a sight to behold

Brisbane entrepreneur's AI eyeball a sight to behold

The human eye is a marvel of evolution. We can differentiate approximately 10 million different colours, we can see the light of a candle up to 22 kilometres away in the right conditions, and they are the most active muscles in our body. But like every other part of our build, the human eye has its limits. If there's anything ...

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Tourism on tenterhooks from coronavirus shock

Tourism on tenterhooks from coronavirus shock

An Australian Tourism Export Council (ATEC) survey has found inbound tour operators (ITO) are facing down the barrel of job losses and business closures if coronavirus Covid-19 woes continue. As if bushfires weren't enough of a problem for the sector this past summer, the Covid-19 outbreak has led to a travel ban on China - a cou...

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Nufarm passes Brazilian hurdle for $1.19 billion South American asset sale

Nufarm passes Brazilian hurdle for $1.19 billion South American asset sale

Australia's largest crop protection company Nufarm (ASX: NUF) has received one of the key regulatory green lights needed to offload its South American business to Sumitomo for $1.188 billion. Brazil's General-Superintendent of the Administrative Council of Economic Defence (CADE) has provided clearance for the sale of Nufarm ...

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Country Road, Apple exits cut back Myer sales

Country Road, Apple exits cut back Myer sales

Department store Myer (ASX: MYR) has shown promising signs in the first half of FY20, but its achievements were overshadowed by the exit of major brands and a disappointing performance in womenswear. Myer chief executive John King says a 3.8 per cent reduction in sales to $1.6 billion can be explained by several factors including a c...

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ACCC will not appeal TPG-Vodafone merger decision

ACCC will not appeal TPG-Vodafone merger decision

The Australian Competition and Consumer Commission (ACCC) has concluded it will not appeal the Federal Court's decision that approved the merger of two of Australia's largest telcos. In February the Federal Court ruled in favour of a $15 billion merger of TPG Telecom (ASX: TPM) and Vodafone, determining the merger would not reduce...

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Former NSW premier Mike Baird to leave NAB

Former NSW premier Mike Baird to leave NAB

The leadership shake-up continues at National Australia Bank (ASX: NAB) after chief customer officer for consumer banking Mike Baird (pictured) chose to leave after just over three years on the job. His departure will be effective 15 April, following a "rewarding" three years at NAB through one of the banking sector's m...

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World-first platform developed to help businesses combat modern slavery

World-first platform developed to help businesses combat modern slavery

Researchers at La Trobe University have created an online platform designed to assist large Australian companies tackle the issue of modern slavery. In Australia businesses with a consolidated revenue of more than $100 million are required to submit a statement to the Australian Government every year detailing the policy, due diligence an...

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QSuper, Sunsuper move forward with talks for $195 billion merger

QSuper, Sunsuper move forward with talks for $195 billion merger

Two of Australia's leading superannuation funds have progressed negotiations towards becoming the country's leading player with assets under management (AUM) of $195 billion. QSuper and Sunsuper have today signed a Memorandum of Understanding (MoU) for exclusive due diligence to explore a deal. Sunsuper has the widest rea...

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Outland Denim is helping end modern slavery one thread at a time

Outland Denim is helping end modern slavery one thread at a time

For Outland Denim founder James Bartle (pictured), business is personal. While travelling in East Asia Bartle saw a young girl for sale, and it's a sight that has stuck with him ever since. His experience inspired him to establish his Gold Coast-based fashion business he hopes will make a difference to the estimated 40.3 mill...

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Holy Crap! Online toilet paper retailer cleared out by panic buyers

Holy Crap! Online toilet paper retailer cleared out by panic buyers

Panic buyers have swept through our local shopping centres, scooping up as much toilet paper as they can as mass coronavirus hysteria takes hold of Australia. The paranoid response seemingly knows no boundaries, with even online ethical toilet paper manufacturer Who Gives A Crap (WGAC) running out of stock. According to a statement po...

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Cautious optimism reigns supreme for CFOs

Cautious optimism reigns supreme for CFOs

Chief financial officers (CFOs) are growing increasingly cautious but more than half still remain optimistic for their businesses' prospects, according to a recent survey from Deloitte. Deloitte's biannual CFO Sentiment survey found 54 per cent of respondents remained optimistics about the future, down from 68 per cent for th...

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Why KFC needs to pay attention to Millennial concerns over chicken welfare

Why KFC needs to pay attention to Millennial concerns over chicken welfare

NGO World Animal Protection has called on KFC Australia to take note of a recent survey showing the group that consumes chicken most often is also the most demanding of the birds' welfare. KFC businesses in the UK, Ireland, Germany, Netherlands, Sweden and Belgium have all signed the 'Better Chicken Commitment', along wit...

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Creso Pharma takes its cannabis products to the Scandinavian market

Creso Pharma takes its cannabis products to the Scandinavian market

The following article is sponsored content in partnership with Finfeed. Business News Australia does not give financial advice. Cannabis has a place in global economies, but it seems the companies that will survive will be the ones who have a solid product offering that benefits consumers and therefore has a positive impact for investors....

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