Remember that era where tons of companies tried to convince us that rentable electric scooters were the future of transportation? The two-wheeled menaces started popping up on city streets like a micromobility plague, becoming the favored mode of travel for drunk folks in cities. But that dream has died. Bird Global, one of the most … Read more
Cash-strapped businesses are buckling under pressure from the Australian Taxation Office and other creditors as the insolvency trickle turns into a “surge”. That’s the verdict from comparison site Insolvency Australia, which found the number of businesses going bust has risen significantly in the past year. Companies appointing administrators, liquidators and insolvency firms increased by 57 … Read more
A South Australian builder has been placed into administration, leaving dozens of customers with unfinished home builds. Consumer and Business Services stripped 7 Star Construction of its licence earlier this month after dozens of complaints over substantial delays and the quality of work being done. The company, owned by Qamil Veseli, has 27 unfinished homes … Read more
Many households are on the verge of abandoning their home insurance policies, as new research has found about 1.24 million Australians are facing insurance affordability stress. It comes off the back of home insurance premiums having risen 28 per cent, or $414, to $1894 in the past 12 months, being the biggest hike in two … Read more
Image: Michigan Michigan Governor Gretchen Whitmer has long been a friend of the auto industry, pushing annual proposals for incentives and rebates into the state budget every year. Her most recent proposals have set aside $50 million to assist Michiganders in purchasing electric or hybrid vehicles. As both have been pushed aside by conservative state … Read more
Victorians have until midnight August 31 to apply for the current $250 Power Saving Bonus payment from the state government. The new round of the payment was an election promise and was confirmed after the Andrews government’s success at the November 2022 state election. The $250 payment has been available to any household that compares … Read more
Australian health insurance company HCF has announced it is giving back an additional $40 million in health insurance claims savings to its members. Private health insurer HCF has already given back a total of $536 million since the start of the pandemic to its 1.8 million Australian customers as part of their pandemic-related savings support … Read more
Teeth whitening company Sparkling White Smile, which has products sold through Chemist Warehouse, has gone into liquidation. The teeth-whitening company was officially put into liquidation on Monday with Stephen Wesley Hathway from Helm Advisory appointed liquidator. Sparkling White Smile has not commented on the news, with its last social media post shared on Sunday suggesting … Read more
Irate shareholders who sued AMP over allegations of financial misconduct have reached a $110 million out-of-court settlement, averting the need for a lengthy hearing. On the eve of a 15-day trial in the NSW Supreme Court, AMP and the Maurice Blackburn-backed class action resolved the five-year long legal battle. “I’m pleased to announce that this … Read more
Cost-of-living pressures have helped supermarket giant Coles to a 4.8 per cent profit boost, but organised crime is increasingly threatening its bottom line. The company on Tuesday reported supermarket sales revenue for the last financial year grew by 6.1 per cent, with cash profit rising to $1.1 billion from $1.05 billion the previous year. Customers … Read more
