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Top 10 no-code tools for effortless automation
Latest business news and stories
Maziar Foroudian
August 23, 2023
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Top stories
An alarming new report from the McKell Institute reveals that wage theft in Australia is costing workers $850 million annually. The report calls for federal legislation to criminalize this practice and highlights the need for stronger penalties to deter deliberate underpayment.
Australia
An ASIC investigation into Macquarie Capital's role in the Nuix IPO has found no evidence of misconduct or inappropriate activity, but highlights areas for improvement in conflicts management.
According to a new report, the cost of superannuation tax breaks will surpass the burden of age pensions as Australia's population ages, with retirees benefiting from the compulsory superannuation system.
Coles supermarket chain grapples with a surge in thefts and organized retail crime as the cost of living crisis fuels a rise in shoplifting, impacting profit margins and investor confidence.
Australian economy
Inflation, rising prices, and stagnant wages - these are the concerns plaguing Australia's economy. While the Reserve Bank and government have their solutions, they seem to overlook the impact of oligopolies and lack of competition. Will stronger laws defending competition be the answer?
World
Mortgage rates have soared to a 21-year high, exacerbating affordability issues in the housing market. Analysts predict rates will only gradually cool off by the end of the year.
China and Russia are quietly increasing their influence in Iraq's oil sector through small-scale deals, aiming to control the country's resources and challenge Western dominance in the Middle East. With China's plans to overtake the US as the world's leading economic superpower, these developments pose a major threat to Western interests.
China's property developer, Evergrande, has filed for bankruptcy protection after defaulting on its debt. This signals the start of a slow decay in China's real estate sector, which could have broader economic implications. Another giant developer, Country Garden, is also facing default.
Tech
Amazon is testing a new star rating system that makes it harder for buyers to determine how much they like a product, potentially allowing sellers to manipulate ratings. Full article here.
White noise podcasts are surprisingly popular on Spotify, raking in 3 million hours of consumption daily. Despite their success, the audio streaming service contemplated axing them to boost profits.
X, the social network formerly known as Twitter, is planning to remove text elements from shared articles and only display lead images with an overlay of the URL. Elon Musk is pushing for this change to improve aesthetics and reduce clickbait.
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