Amazon cuts 14,000 jobs as spending on AI ramps up
Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence. In June, CEO Andy Jassy, who has aggressively sought to cut costs…
What’s the scam with Victor Chang suspending, bagging then advertising Peter Macdonald?
MWM has heard from readers who have been out and about in Sydney shopping centres that Victor Chang Cardiac Research has taken the brazen step of using a brochure to…
China and ASEAN sign upgraded free trade pact
The ASEAN bloc of Southeast Asian nations and China on Tuesday signed an upgrade to their free trade agreement, which includes sections on digital, the green economy and other new…
RBA drops rates hint as Australia maintains AAA status
Australia’s AAA credit rating has been locked in as the Reserve Bank governor plays down a surprise jump in unemployment. Ratings agency Fitch maintained its full-marks assessment of the nation’s…
Sheep and beef behind rise in farmer sentiment
Farmers are again a confident lot, with a key gauge for optimism among primary producers at its highest level in 18 months. More rain, better growing conditions, and improved livestock…
CSL shares plunge to six-year low as growth stalls
CSL’s share price has plunged to a six-year low after it downgraded its growth forecasts amid falling US vaccination rates and reduced demand for China given government cost-control measures. The…
Amazon plans to cut up to 30,000 corporate jobs
Amazon is planning to cut as many as 30,000 corporate jobs as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, according to three…
Richard White targeted as federal police raid WiseTech
Software giant WiseTech has been paid a visit by the Australian Federal Police as they investigate alleged trading by four employees. Billionaire executive chairman Richard White and three other employees…
Major aluminium smelter in talks over possible closure
More than 1000 jobs are at risk as Australia’s biggest aluminium smelter begins talks with employees over its potential closure. Tomago Aluminium, which is majority owned by Rio Tinto, said…
Net-zero naysayers want Barnaby back in Nationals tent
Renegade Nationals MP Barnaby Joyce is being urged to return to the party fold, as his ongoing threats to jump ship overshadow the coalition’s rebuild. While Mr Joyce has so…