$934 million worth of JobKeeper payments have flowed to ASX 300 companies since the wage subsidy program was announced. New analysis from governance advisory group Ownership Matters has scrutinised companies paying large executive bonuses at the same time they receive taxpayer money.
Queensland has made wage theft a crime after new laws were passed in parliament. Employers caught committing wage theft - which includes underpaying staff or withholding entitlements - face up to 10 years in jail.
Entrepreneurial Australian students and ex-students are making thousands of dollars selling their final year course notes in online Facebook groups. The sellers say the size of the groups have helped them sell more more than they expected – but it also means they have increased competition.
Virgin Australia is withdrawing from some regional flight routes in Australia. These include flights to Uluru, Tamworth and Mildura. It comes as the airline simplifies its fleet amid low customer demand.
In an Australian-first, NAB has launched an interest-free credit card allowing Australians to accumulate balances of up to $3,000. It comes as credit card use is in rapid decline, particularly amongst young people.
A TikTok executive said the company's birth during an age of increasing distrust of big tech has made it a bigger target for criticism, per an Axios report.
More than 85 wildfires are raging across the West Coast, burning hundreds of thousands of acres. The fires have killed at least seven people, injured many others, and destroyed buildings in California, Oregon, and Washington.
In an interview with The Hollywood Reporter published Thursday, Netflix CEO Reed Hastings was asked what he could learn from Hollywood, and he said that Netflix has a "long way to go" before it has its own mega franchise like "Star Wars" - but "we're getting there."
Airbus is turning its H160 aircraft into a luxury helicopter for business or private use: the ACH160. Airbus Corporate Helicopters (ACH) is the company's high-end bespoke segment that's catered to private clients and business use.
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