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Alan Joyce has fast tracked his retirement and will leave Qantas as CEO after claims the airline sold tickets for thousa...
05/09/2023

Alan Joyce has fast tracked his retirement and will leave Qantas as CEO after claims the airline sold tickets for thousands of flights it had already cancelled.

Qantas CEO Alan Joyce will leave on September 6th, previously due to hand over to Chief Financial Officer Vanessa Hudson in November.

Her task will be to repair the airline carrier’s reputation with customers as regulators increase their focus on Qantas’s dominance of Australia’s aviation market.

Liontown Resources announced that it has received a revised proposal from Albermale to acquired all of its outstanding s...
04/09/2023

Liontown Resources announced that it has received a revised proposal from Albermale to acquired all of its outstanding shares for $3.00 per share.

Liontown Resources have one of the largest Lithium deposits in the world, with Kathleen Valley attracting global attention.

After revising Albermale’s acquisition bid, the Liontown board has granted them an opportunity to conduct exclusive due diligence, enabling them to put forward a binding proposal.

The A.I revolution shows no signs of stopping 🚂ChatGPT took the world by storm at the start of 2023 and the momentum for...
02/09/2023

The A.I revolution shows no signs of stopping 🚂

ChatGPT took the world by storm at the start of 2023 and the momentum for OpenAI has not slowed down.

The leading AI tech company is growing its revenues quickly enough that it may even be able to plug its $540 million loss from last year.

The Federal Government recently launched a review of Australia Post’s business model - releasing a paper citing the dimi...
31/08/2023

The Federal Government recently launched a review of Australia Post’s business model - releasing a paper citing the diminishing viability of letters.

Australia Post’s parcel business grew steadily, however losses in their letter business increased by over 50% to $384 million.

Aus Post’s letter volumes continued to decline with volumes down -7.8% year on year, contributing to their $200 million loss.

The time has come Australia.
30/08/2023

The time has come Australia.

Demand for wine has fallen so significantly in France that they’re spending over $200 million to destroy surplus wine.Th...
29/08/2023

Demand for wine has fallen so significantly in France that they’re spending over $200 million to destroy surplus wine.

The French government plans to spend $215 million to pay for ‘distillation aid.’

The process involves distilling excess wine into ethanol, which can then be put to various industrial uses, including perfume manufacturing, cleaning products, and the hydroalcoholic gel found in hand sanitizers.

Silicon Valley 2.0? 👀A mystery company backed by Silicon Valley billionaires has been snatching up land in California in...
28/08/2023

Silicon Valley 2.0? 👀

A mystery company backed by Silicon Valley billionaires has been snatching up land in California in an apparent bid to build an entirely new city in the state.

It has been reported that those names include some of Silicon Valley's most recognizable tech investors, from Marc Andreessen to Laurene Powell Jobs.

The company, Flannery Associates, has spent $800 million to purchase over 50,000 of acres of farmland in Solano County, which sits northeast of San Francisco, since 2018.

Sam Altman, the OpenAI CEO (ChatGPT’s creator) spoke about Elon Musk’s departure from the company for the first time in ...
27/08/2023

Sam Altman, the OpenAI CEO (ChatGPT’s creator) spoke about Elon Musk’s departure from the company for the first time in detail.

He called Musk’s departure ‘difficult’, after Elon Musk was one of the co-founders of the artificial intelligence company back in 2015.

Elon Musk left the company in 2018 and let go of all of his stake in it. Sam Altman said that when Musk left the company it was tough on him as he had to ‘reorient his life and time in order to ensure that the company had enough funding.’

Leading ASX lithium name Pilbara Minerals has reported a record sales figure of over $4 billion for the financial year.D...
25/08/2023

Leading ASX lithium name Pilbara Minerals has reported a record sales figure of over $4 billion for the financial year.

During FY23 Pilbara saw record lithium production, coupled with progression of their mine expansion + downstream chemicals strategy.

Pilbara Minerals saw a 326% increase in net profit for the period to $2.4 billion and announced a final dividend of 14 cents per share.

Do you think that Elon Musk will succeed and make X a ‘truly great social network’❓Or do you think his decisions have ru...
25/08/2023

Do you think that Elon Musk will succeed and make X a ‘truly great social network’❓

Or do you think his decisions have ruined what they had built at Twitter?

Qantas delivered a record profit, underscoring the strength of the post-pandemic era for airlines.Qantas’s long-serving ...
24/08/2023

Qantas delivered a record profit, underscoring the strength of the post-pandemic era for airlines.

Qantas’s long-serving CEO Alan Joyce is bowing out, with a significant cash splurge marking their bumper result.

The leading ASX airline announced a big cash spend on Boeing & Airbus jets, a $500 million buyback for shareholders and gave $500 travel credits to their workforce.

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