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'Beyond rare': Bondi block could fetch $40m as high-end investors circle

'Beyond rare': Bondi block could fetch $40m as high-end investors circle

A recently-minted apartment block on the shores of Bondi Beach is set to test the market, with institutional-grade investors joining the list of potential buyers.

  • by Carolyn Cummins

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Ex-Uber executive, ordered to pay Google $271m, files for bankruptcy
Uber

Ex-Uber executive, ordered to pay Google $271m, files for bankruptcy

Anthony Levandowski, who once ran Uber's self-driving car unit, was ordered to pay rival Google an enormous sum in damages, prompting the software engineer to file for bankruptcy protection.

  • by Reed Albergotti
'Dramatic turn for the worse': Coronavirus could cost airlines $170 billion
Aviation

'Dramatic turn for the worse': Coronavirus could cost airlines $170 billion

The epidemic could rob passenger airlines of up to $170 billion in revenue this year, the industry warns, more than three times as much as it predicted just two weeks ago as the virus continues to spread around the world.

  • by Sarah Young and Aradhana Aravindan
Exxon, BHP pledge new gas by 'early 2021' as supply crisis looms
Energy

Exxon, BHP pledge new gas by 'early 2021' as supply crisis looms

ExxonMobil and BHP say they will bring urgently needed gas to market by 2021 after beginning work on one of the largest remaining Bass Strait gas reservoirs.

  • by Nick Toscano
Food delivery app DoorDash faces its latest challenge: Wooing Wall St
IPO

Food delivery app DoorDash faces its latest challenge: Wooing Wall St

DoorDash, the leading food delivery app in the United States, has its fans. Hungry people. Busy people. Lazy people. But it also has its share of enemies and soon a new group - Wall St investors - will pick a side.

  • by Erin Griffith
Myer boss calls for Rudd-style cash splash as coronavirus stimulus
Retail

Myer boss calls for Rudd-style cash splash as coronavirus stimulus

The struggling department store's chief executive John King has called on the government to put cash in the pockets of consumers in response to the coronavirus crisis.

  • by Dominic Powell
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Teoh signals TPG-Vodafone ready to take on NBN as ACCC passes on appeal
Updated
Telecommunications

Teoh signals TPG-Vodafone ready to take on NBN as ACCC passes on appeal

A merged TPG-Vodafone appears set to use its 5G fixed wireless to take on the NBN in the residential market, after the ACCC ruled out appealing a court ruling allowing the deal.

  • by Zoe Samios
Myer's seemingly ugly result is history now the coronavirus is here
Opinion
Retail

Myer's seemingly ugly result is history now the coronavirus is here

Myer has produced a first-half profit that is either ugly or, beneath its headline, respectable in the conditions. With the coronavirus epidemic darkening the outlook for retailers, however, the result is irrelevant as a guide to future profitability.

  • by Stephen Bartholomeusz
'Rest, relax and celebrate': Etihad asks cabin crew to take leave as coronavirus hits demand
Coronavirus outbreak

'Rest, relax and celebrate': Etihad asks cabin crew to take leave as coronavirus hits demand

The state-owned Gulf carrier is asking cabin crew to take paid leave next month due to the rapidly spreading coronavirus that has led to a drop in travel demand.

  • by Aziz El Yaakoubi
Qantas cleaning standards a COVID-19 infection risk: safety watchdog
Coronavirus outbreak

Qantas cleaning standards a COVID-19 infection risk: safety watchdog

Qantas has been ordered to improve how it cleans its aircraft after a workplace safety inspection found the airline could be putting workers and passengers at risk of catching coronavirus.

  • by Patrick Hatch
Twitter testing a feature that sees tweets delete themselves after 24 hours
Social media

Twitter testing a feature that sees tweets delete themselves after 24 hours

Twitter is making a push to encourage people to share more often on its service.

  • by Kurt Wagner