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- 15SEP2021-WED (copy 01)
15SEP2021-WED (copy 01)
Five secrets to sealing a global deal + Daily Roundup
Wednesday 15th September 2021
Average Australian worker works 7+ hours per week without pay: ADP Data
A new study from worldwide payroll HR and payroll provider ADP found that the average Australian worker works nearly an extra day each week without pay. Based on the annual average income, this amounts to about $12,600 per year. The poll of over 2,000 Australian workers also indicated that unpaid overtime is on the rise compared to the pre-COVID-19 era. Workers are donating an average of 7.3 unpaid hours each week, up from 5.8 before the outbreak.
Send money across the world using Wise
Wise, formerly known as TransferWise, allows businesses and individuals to hold and trade using multi-accounts. Using Wise makes international purchases and purchases straightforward and transparent.
Power Retail and Australia Post report predicts outstanding eCommerce quarter: How businesses can prepare
With 9.1 Million households shopping online in the 2021 financial year, the pandemic has made eCommerce big business. In preparation for what is forecast to be a record-breaking quarter for online shopping, a new report from Power Retail and Australia Post provides insight on the eCommerce sector.
Door Dash: Racing to win the deliveries war
Since entering the market in 2019, DoorDash has become Australia’s second-highest rated delivery service. And it’s not just meals: the company’s “Dashers” are also delivering groceries, pharmaceuticals, alcohol, haircare and pet products.Dynamic Business sat down with Rebecca Burrows, DoorDash’s Australian General Manager, to learn more about the platform’s strategy for the Australian market, how it differentiates itself from competitors and more.
Five secrets to sealing a global deal
How do you make a tech behemoth, valued at nearly US$300 billion, take notice of your business that’s incomparable in size and reach?Ask any business, and they will attest that securing partnership agreements with iconic brands at a local level is no mean feat, let alone globally.
Is cross-promoting non-IT employees the solution to the current IT talent crisis?
The problem was brewing even before the pandemic began. But the rapid shift to remote work, coupled with the rush to move business processes on the cloud, has only intensified the struggle to obtain IT talent. Today, both Australia and New Zealand suffer from an ever-widening IT skills gap, with 64% of employers fearing this shortage’s effects on efficiency and post-pandemic recovery. id:2021-09-14-08:32:10:679t
How having a mentor can make you a more effective CEO
Sometimes there’s a misconception that CEOs and founders are just born leaders. It can seem like they appear overnight, fully formed with a vision and all the skills necessary to lead organisations of all shapes and sizes. But most of us have had a long journey – and have been shaped by both our challenges and our supporters
Despite the fact that cars are being used less due to coronavirus lockdowns, fuel prices have reached their highest level in 20 months. According to new data from the Australian Institute of Petroleum, the national pump price averaged 154.2 cents per liter in the previous week, up 3.6 cents from the week before. Concerns over US oil supplies have pushed up global oil prices in the past week.
The Commonwealth Bank has been accused of defaming a cryptocurrency-based Colombian-Australian remittance service after informing its customers that they were likely victims of a scam before shutting their accounts. According to the claim filed in the District Court of NSW, CBA defamed the company by writing letters to Colcambios Australia clients pushing them to notify the Colombian police because money put in their accounts seemed to be the profits of fraud.
A group of infrastructure investors increased its non-binding offer to $23.6 billion, bringing Sydney Airport one step closer to being taken over. Sydney Airport recorded a $97 million half-year loss in late August. At $8.75 a share, a consortium led by IFM Investors has made its third takeover offer. Shareholders, the ACCC, and the Foreign Investment Review Board would all have to approve any deal.
Following the release of a fresh round of coronavirus business grants, the government has warned Victorians to be on the watch for fraud. Victims of the sixth lockdown in Victoria have been dealt even another blow after being targeted in a series of scam texts. The government launched the fourth phase of the Business Costs Assistance Program last week, with 175,000 eligible Victorian businesses receiving weekly payments of $2800, $5600, or $8400, based on their annual payroll.
According to a study released by the New York Federal Reserve, consumer estimates for how much inflation will change over the next year and the following three years reached their highest levels since 2013.
Apple will be attempting to refocus attention back on its technology with its next iPhone unveiling, following a court defeat in its dispute over App Store payment procedures. During its annual fall event on Tuesday, Apple is likely to announce its iPhone 13 series, as well as new smartwatches, headphones, and potentially more. The announcements will come only days after a federal judge decided that Apple may no longer prevent app developers from offering payment options other than Apple’s own in-app payment service, signaling a growing pushback against big tech’s dominance.
According to research, deal activity increased by $8.4 billion in August, owing to a healthy increase in both volumes and sizes. According to consultancy firm Grant Thornton Bharat, there were 219 deals in August, the most since 2005 and more than double the number in August 2020, when the country was emerging from a lockdown.
Heightened economic uncertainty sparked by ongoing virus lockdowns has prompted a savings spree among younger Australians. According to a new survey conducted by National Australia Bank’s digital subsidiary UBank, 37% of Australians believe the newest round of stay-at-home orders has improved their savings potential. More than one-third of those who believed the epidemic had favourably affected their savings habits were millennials, with generation X coming in second and baby boomers coming in third.
Australian property prices have risen by about 20% in the last year, and investment bank UBS has warned that a record volume of “liar loans” as buyers “chasing the market” could be one cause. According to the bank’s annual study of over 900 persons who took out a mortgage in the previous year, 41% submitted loan applications that were not totally factually accurate — so-called “liar loans.” This is a record high in the seven years UBS has collected this data, up from 38% last year and 27% when the study began in 2015.
Ryanair’s CEO has warned that vacation costs will likely rise dramatically next year as consumer demand for travel recovers. Ryanair is to open a new base at Newcastle International Airport next year, resulting in the creation of at least 60 aviation jobs.
Due to a suspected manufacturing issue, Virgin Galactic Holdings has delayed its first commercial research mission with the Italian Air Force until mid-October.
According to officials, India will receive the third set of Swiss bank account details of its nationals this month as part of an automatic exchange of information arrangement with Switzerland, which would include data about real estate properties owned by Indians in Switzerland for the first time. In a significant step forward in the Indian government’s fight against alleged black money stashed abroad, India will receive complete information on flats, apartments, and condominiums owned by Indians in Switzerland, as well as earnings from such properties, to assist it in investigating tax liabilities associated with those assets.
According to government sources, the heavy industries ministry has requested that Tesla, located in California, begin manufacturing its iconic electric automobiles in India before considering any tax breaks. They argued that the government does not make such concessions to any automaker and that offering Tesla duty breaks would not send a good signal to other companies who have spent billions of dollars in India. Tesla has requested that import duties on electric cars (EVs) be reduced in India.
