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Telstra has decided to delay the closure of its 3G network amid concerns that hundreds of thousands of Australians may face difficulties in making emergency calls once the two-decade-old network is decommissioned. Initially scheduled for shutdown on June 30, the closure has now been extended until August 31 to allow customers more time to upgrade their handsets. Channa Seneviratne, Telstra's networks executive, explained the extension was prompted by feedback from customers requesting additional time for the transition.[more...]

Stephen Rue, currently overseeing the National Broadband Network, has been named the new chief executive of Optus, succeeding Kelly Bayer Rosmarin, who stepped down last November amid intense scrutiny following an Australia-wide network outage. Optus Chairman Paul O'Sullivan praised Rue's expertise, noting his pivotal role in establishing "the digital backbone of Australia."

Australia's leading airline, Qantas, has consented to an A$100 million ($66.1 million, £52.7 million) penalty settlement to resolve a legal dispute accusing it of selling numerous tickets for flights it had previously canceled. Alongside this agreement with the Australian Competition and Consumer Commission (ACCC), the company will initiate a compensation plan valued at up to A$20 million to aid affected passengers. Vanessa Hudson, Qantas' Chief Executive, hailed this move as a crucial step in "restoring confidence in[more...]

As rivers continue to swell across South Texas, inundating homes and businesses and displacing thousands, residents are anxiously watching the skies as the threat of more rain looms. Over the weekend, at least 224 individuals were rescued from homes and vehicles in Harris County alone, as evacuation orders and flood watches remained in effect. Sunday brought another round of rainfall, with the Houston area particularly vulnerable due to already saturated grounds. Fortunately, there have been no reports[more...]

The ASX concluded the week on an upbeat tone, achieving its most robust performance since March. The benchmark ASX 200 surged by 42 points, equivalent to 0.6 percent, reaching a closing figure of 7,629 points on Friday. All 11 industry sectors experienced gains, with the consumer discretionary sector leading the charge with a notable two percent increase. This positive momentum coincided with Wesfarmers' upward trajectory, with a 2.8 percent rise at market close. The company, known for[more...]

Western Australia's Water Minister, Simone McGurk, has called for a reevaluation of long-standing agreements permitting the extraction of millions of liters of groundwater for bottling purposes without charge, particularly pertinent as the state grapples with a progressively arid climate. McGurk's statements were prompted by concerns voiced by Perth Hills residents regarding the unregulated extraction of water from a local bore situated on private property, reportedly conducted by Coca-Cola Europacific Partners (CCEP). In response, the City of Armadale[more...]

Russia has established a new army in Moscow, and this army is not owned by the country. The exhibition, organized by the Russian Ministry of Technology, displays tanks, armored vehicles, and other weapons and equipment given to Ukraine by Western countries and later seized, most of which were detained during the Russian-Ukrainian war.

The last fast food restaurant in NSW, Lord of Fries, appears to have been forced to close after its landlord claimed the property. The store is no longer open for business. For violations and reporting to local authorities. Many stores are still open in South Australia, Queensland and Victoria. Pieces and Macaroni Cheese Balls."We're talking to the landlord and is it worth pushing this or letting it go?" he wrote.There is a sign in a popular area that enthusiastically welcomes customers. The company is struggling to survive after the Covid-19 outbreak and the crisis. 40, but the plan had to be canceled. We can call this the end of an era. The owner of Fries Property, a major rental car franchisee, filed for bankruptcy in 2022, owing $2 million. Most of the debt belongs to the homeowner.The impact of Covid on many stores, like the whole industry, has been huge,” he told the Herald Sun in 2022.Three months have passed since franchisee Bruce Craig From the company's New Zealand arm, announced that he wants to sell, telling the local Washington Post newspaper that he has been wanting to sell the company for years worth NZ$1.2 million (AU$1.1 million) in all orders and has been struggling to get the door open, and people are starting to care about him, reports news.com. auThe King of Chips has been struggling to survive for the last few years.Just this week news.com.au reported: Botswana Butchery, a restaurant chain in three Australian states, has gone into administration with over $20 million in debt. Management agreed to cancel the job. .com.au also spoke to a hotelier who said he was considering whether to cancel business in the next 48 hours due to the seriousness of the situation. . $1.7 million.

Macquarie's top executives experienced a notable reduction in their compensation packages this fiscal year, reflecting a cooling commodities market for the investment giant. Chief Executive Shemara Wikramanayake saw her pay decline from $32.8 million to $25.2 million. Former Macquarie rainmaker Nick O’Kane's earnings plummeted from $57.6 million in 2023 to $1 million this year, as he wasn't eligible for the substantial profit share bonuses distributed after his resignation in March. Ben Way, the asset management boss, also[more...]