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Virgin Australia proposes $1.4 billion bailout from Federal Government

Virgin Australia (ASX: VAH) has proposed a $1.4 billion bailout from the Federal Government so it can position itself to survive the Covid-19 crisis. The 90 per cent foreign-owned airline confirmed a report in today's edition of The Australian where it was revealed Virgin Australia was...

Virgin Australia proposes $1.4 billion bailout from Federal Government
Business News Australia reports on business news, trends, and profiles for Melbourne business owners, executives and entrepreneurs.
EML Payments nabs $189m discount for European acquisition
EML Payments nabs $189m discount for European acquisition

Prepaid card solutions provider EML Payments (ASX: EML) have skyrocketed by more than 60 per cent today following ...

Economic domino effect takes its toll on advertising giant WWP
Economic domino effect takes its toll on advertising giant WWP

With the Australian economy slowing down, especially with regard to retail and other businesses deemed 'non-es...

15-minute coronavirus test turns fortunes for Cellmid
15-minute coronavirus test turns fortunes for Cellmid

When the share market closed on Friday a little-known Australian life sciences company called Cellmid (ASX: CDY) w...

Wesfarmers sells chunk of Coles for $1 billion
Wesfarmers sells chunk of Coles for $1 billion

Wesfarmers (ASX: WES) has sold 5.2 per cent of issued capital in supermarket Coles Group (ASX: COL) for $1.06 bill...

Nick Scali closes all stores, stands down majority of staff
Nick Scali closes all stores, stands down majority of staff

Furniture retailer Nick Scali (ASX: NCK) has announced it will temporarily shut all stores from the close of busin...

Genetic Signatures sends first shipments of Covid-19 testing kits
Genetic Signatures sends first shipments of Covid-19 testing kits

Specialist molecular diagnostics company Genetic Signatures (ASX: GSS) is sending its first shipments of a new Cov...

PM announces $130 billion job keeper plan to keep businesses alive
PM announces $130 billion job keeper plan to keep businesses alive

Prime Minister Scott Morrison has announced a $130 billion stimulus package to partially pay the salaries of worke...

Guidance withdrawal update: QBE Insurance, BOQ, Tyro Payments
Guidance withdrawal update: QBE Insurance, BOQ, Tyro Payments

A string of new ASX-companies have today joined the long list of businesses opting to withdraw or suspend earnings...

Rex rescued by $198 million government assistance package
Rex rescued by $198 million government assistance package

Australia's regional airlines will be kept in the sky after the Federal Government announced a $198 million Re...

US stimulus package includes US$350 billion for job restoration and retention
US stimulus package includes US$350 billion for job restoration and retention

US President Donald Trump passed an historic US$2.2 trillion (AUD$3.56 trillion) stimulus package on Friday night ...

Carlton & United Breweries donates hand sanitiser to health workers
Carlton & United Breweries donates hand sanitiser to health workers

Australia's largest brewer has announced it will donate 20,000 litres of hand sanitiser to frontline medi...

Stamford to temporarily close five hotels in Australia and New Zealand
Stamford to temporarily close five hotels in Australia and New Zealand

A number of Stamford Hotels and Resorts hotels around the country will close in response to the Covid-19 crisis. ...

Storm Financial directors lose appeal
Storm Financial directors lose appeal

A Federal Court has confirmed the directors of Townsville-based Storm Financial breached their duties in advice to...

PM wants businesses to "hibernate" until recovery, forced quarantine for new arrivals
PM wants businesses to "hibernate" until recovery, forced quarantine for new arrivals

Prime Minister Scott Morrison will introduce a third stimulus package to put businesses into 'hibernation'...

Premier Investments slams Westfield owners over coronavirus management
Premier Investments slams Westfield owners over coronavirus management

An owner of iconic retail brands ranging from Peter Alexander to Smiggle has hit out at the nation's shop...

Companies

EML Payments nabs $189m discount for European acquisition
EML Payments nabs $189m discount for European acquisition

Prepaid card solutions provider EML Payments (ASX: EML) have skyrocketed by more than 60 per cent today following ...

Property

How luxury property filmmaker Goldeneye Media went global without going viral
How luxury property filmmaker Goldeneye Media went global without going viral

In an era where we are used to having intimate access to the lifestyles of the rich and the famous via social medi...

Opinion

The case for Endgame C: stop almost everything, restart when coronavirus is gone
The case for Endgame C: stop almost everything, restart when coronavirus is gone

  Nobody likes talking about the COVID-19 endgame, but we need to choose one. The appropriate interventio...

Leadership

A leader's guide to surviving coronavirus
A leader's guide to surviving coronavirus

As the coronavirus crisis sweeps the globe, I've had many people asking me: "Who would want to be a corpo...

Entrepreneurship

The best entrepreneurial decision I ever made
The best entrepreneurial decision I ever made

The entrepreneurial journey can be a lonely road. In my own experience, I found that at times the entrepreneur...

Technology

Genetic Signatures sends first shipments of Covid-19 testing kits
Genetic Signatures sends first shipments of Covid-19 testing kits

Specialist molecular diagnostics company Genetic Signatures (ASX: GSS) is sending its first shipments of a new Cov...

Qantas to back pay millions of dollars to hundreds of staff
Qantas to back pay millions of dollars to hundreds of staff

Listed airline Qantas (ASX: QAN) has signed a Court-Enforceable Undertaking (EU) with the Fair Work Ombudsman (FWO...

Finance

New $66.1 billion stimulus package for businesses and households
New $66.1 billion stimulus package for businesses and households

The Federal Government has announced a third stimulus package targeted at those receiving government benefits and ...

Marketing

Struggling Adcorp to bid adieu to the ASX
Struggling Adcorp to bid adieu to the ASX

The ad agency has long been propped up by majority shareholder and chairman Ian Rodwell, but soon it will fre...

Executive Lifestyle

Photo Auction to take emerging Australian artists to the world
Photo Auction to take emerging Australian artists to the world

With its launch into Australia last November, Photo Auction hoped to add yet another market to its fast-growing fo...

Conference And Events

Entertainment and hospitality industry haemorrhaging
Entertainment and hospitality industry haemorrhaging

Blues Fest in Byron Bay, Vivid Sydney 2020, and a string of corporate conferences and events around the country ha...

Video

Adelaide robo-welders K-TIG list on the ASX
Adelaide robo-welders K-TIG list on the ASX

Following an oversubscribed $7 million capital raise Adelaide-based disruptors K-TIG have listed on the ASX under ...

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