Empty shelves and $50 million in losses: Woolworths’ industrial woes
[ad_1] woolworth group (ASX: Amazing) Industrial action continues into its 12th day at four distribution centers, three in Victoria and one in New South Wales, causing significant disruption to the supply chain. The strike, initiated by the United Workers’ Union…
Larry Diamond resigns from Zip Co board of directors
[ad_1] zip company (ASX:ZIP) announced yesterday that co-founder Larry Diamond will step down from his role as director and U.S. chairman. The decision, effective December 3, 2024, marks a significant transition for Diamond as it shifts its focus to establishing…
BlackRock to acquire HPS Investment Partners for $12 billion
[ad_1] BlackRock, the world’s largest asset manager, has agreed to acquire HPS Investment Partners for US$12 billion in an all-stock deal, accelerating its expansion into the private credit market. The acquisition, announced Tuesday, underscores CEO Larry Fink’s strategy to diversify…
Declaration of martial law in South Korea
[ad_1] It was a turbulent day for the Korean market after President Yun Seok-Yeol unexpectedly declared martial law. The dramatic move, the first in more than 40 years, raised concerns about political instability and caused a sharp decline in South…
Concerns grow over China’s export ban on gallium, germanium and antimony
[ad_1] China has announced a ban on exports of the critical minerals gallium, germanium, and antimony to the United States. All of these have important military and technological applications. The move marks a recent escalation in trade tensions between the…
COSOL acquires Touston for $22 million to strengthen analytics
[ad_1] Kosol (ASX:COS) announced the acquisition of Australian data analytics company Toustone Pty Ltd for up to $22.4 million. This acquisition is in line with COSOL’s strategy to expand its asset management solutions and strengthen its data analytics capabilities, particularly…
Great Performance: FY25 Guidance Upgrade and Dividend Resumption
[ad_1] Brabra Solutions (ASX:BVS) has updated its 2025 financial outlook, reflecting its strong performance and successful strategic transformation over the past 18 months. The company also announced plans to resume dividend payments, signaling a return to profitability and solid cash…
Australian economy growth slows to 0.3% in September quarter
[ad_1] The Australian Bureau of Statistics (ABS) today released economic indicators. Here are some key numbers. growth Australia’s economy grew by 0.3% in the September 2024 quarter, the slowest annual growth rate since late 2020. In comparison, the growth rate…
Alterity completes Phase 2 trial in multiple system atrophy
[ad_1] Altality Therapeutics (ASX:ATH) announced the completion of a Phase 2 clinical trial of its lead drug candidate, ATH434, in multiple system atrophy (MSA). Although results have not been announced, Alterity expects to announce top-line results in late January or…
Salesforce soars 10% on Q3 earnings and AI advances
[ad_1] Salesforce (NYSE: CRM) stock soared more than 10% in after-hours trading following the company’s Q3 2025 earnings report. The company beat revenue expectations, raised its full-year revenue outlook and highlighted progress in its artificial intelligence (AI) efforts. The stock…