Melbourne makes a strong start against West Coast at Docklands, as the Eagles lose Harry Edwards to concussion. Later, the Tigers and the Crows close out round nine. Follow live.
Reserve Bank official Brad Jones warns Australia's financial industry to prepare for a future of increased geopolitical shocks, cyber attacks, and financial sanctions. He emphasizes the need for enhanced crisis planning and a more holistic approach to risk management.
Shock jock Kyle Sandilands has settled his $100 million contract dispute with ARN Media for $12.09 million, with $3 million due next month. The deal resolves his wrongful termination claim after an on-air row, with Sandilands estimating the payout at $15 million. ARN Media will advertise his new platform, earning him $1.5 million over three years, while retaining 19.9% of his new venture's revenue.
Radio host Kyle Sandilands has settled his wrongful termination dispute with ARN Media for $12.09 million. While Sandilands receives a significant payout, economist Conrad Liveris suggests ARN Media secured an "exceptionally good deal." Co-host Jackie Henderson's separate legal proceedings against ARN Media for wrongful termination are ongoing.
Virgin Australia faces criticism for retaining $93 million in COVID-era flight credits set to expire June 30. Senator Bridget McKenzie urges refunds or extensions, citing cost-of-living pressures. Customers like Peter Kernke found credits unexpectedly expiring, while Qantas and Jetstar have no expiry dates.
Australian fashion retailer Glue Store has permanently closed its physical and online stores, citing an $8.4 million loss earlier this year. The closure follows similar announcements from Barbeques Galore and Lincraft, highlighting a challenging economic climate impacting discretionary spending.
Australian fashion retailer Glue Store has announced its permanent closure, citing an $8.4 million loss earlier this year. This follows similar shutdowns from Barbeques Galore and Lincraft, highlighting broader economic slowdown and subdued discretionary spending due to rising interest rates and fuel costs.
