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10 things you need to know this morning in Australia

Tuesday 17 December 2019

Business Outsider

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Shebah's CEO says the purpose of the ridesharing platform is to 'monetise the labour of women', as the company secures $675,000 in crowdfunding

Shebah has closed its second round of crowdfunding, securing more than $675,000. It comes after the company raised $3 million in crowdfunding in March, breaking the crowdfunding record previously held by neobank Xinja at $2.6 million.
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Westpac's woes continue, as regulator APRA orders the bank to hold an extra $500 million in reserve

Westpac has been slapped with a legal mandate to hold an extra $500 million in reserve following its "heightened risk profile".
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Aussie founders and executives share how they'll be using the New Year to get ahead

Australian business leaders share what they're going to be doing this holiday season and how they plan to get ahead in 2020. Executives from companies such as The Dream Collective, Upstreet and StoryAntics shared their plans.
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The RBA has warned big tech firms like Google and Facebook could help kill Australia's big banks. Here's how.

The Reserve Bank of Australia (RBA) has warned the threat that the likes of Amazon, PayPal, Google and Facebook pose to Australia's banking oligopoly in a new speech to the sector.
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You can now order food for pickup or delivery straight from a Google search in Australia

Google is now letting you order food for pickup straight from Google Search or Google Maps. The tech giant launched the service on Tuesday with fast food chains including Domino's, Boost Juice and Guzman y Gomez as well as local restaurants.
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Disappointing photos show what owning a yacht is like in real life

Owning a yacht certainly sounds like a dream come true. And if you have a nice chunk of change burning a hole in your pocket, you might want to make that dream a reality.
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Here's your first look at Microsoft's wild new game console, the Xbox Series X

On Thursday night, Microsoft gave its next-generation Xbox console a surprise reveal. The new console is named the Xbox Series X, and it looks ... distinct.
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I spent a night in a swanky hotel-apartment hybrid rented out by Sonder, the $1 billion startup disrupting the hospitality industry. Here are 6 ways it was different from a typical Airbnb stay.

Sonder is a $US1 billion hospitality company that claims to combine the best parts of hotels and private-home stays. The company, which has 9,000 rental apartments in cities such as New York, San Diego, Austin, Miami, New Orleans, London, and Washington, DC, has been compared to Airbnb.
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NRMA's CFO Michael Gabriel has steered some of the world's biggest companies including Diageo and Woolworths – here's how he keeps ahead of industry shifts

Michael Gabriel has always had an analytical mind. The Group CFO of NRMA originally studied science at the Queensland University of Technology and went on to work as a sales engineer at Caltex. It wasn't long before a passion for corporate finance took hold.

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