Not all of China’s factories will reopen on time after they were shut for extended Lunar New Year holidays amid coronavirus fears. Most businesses in China have been closed since late January due to the Lunar New Year, and government officials have ordered businesses to remain shut until February 9. But not all companies are […]

The JB Hi-Fi Group has posted impressive half-year results today, sending their share price skyrocketing. Bucking the retail downturn trend, JB Hi-Fi Group’s sales are up nearly 4 per cent, bringing the group’s net profit to $174 million. CEO Richard Murray attributes the retailer’s success to in-store customer experience and technology becoming a “mainstay of […]

Virgin Australia will pull the plug on flights between Sydney and Hong Kong after running the service for the last three years. The daily flights will cease from March 2 after reviews found it was no longer financially viable. Virgin had last year announced they would be ending the Melbourne-Hong Kong route after launching in […]

Australia’s honey industry is under threat after recent bushfires wreaked havoc on some beekeeping businesses. Hive + Wellness Australia is asking for urgent assistance from the federal government after beekeepers across Queensland, NSW and Victoria were hit hard by recent bushfires. To scope out the extent of the damage, CEO at Hive + Wellness Australia […]

The sustainability of the private health insurance sector is in peril, according to an Australian Prudential Regulation Authority (APRA) board member. Smaller funds have to take urgent action to improve their business models by 2022 or only large publicly-listed companies will remain, says Geoff Summerhayes. He has warned smaller funds to “merge or fold”, and […]

The deadly coronavirus is having a significant impact on business, particularly when it comes to high-value perishable goods. Concern about coronavirus is spreading, with six confirmed cases in Australia and 170 deaths worldwide. The World Health Organisation will consider overnight whether the outbreak constitutes a “Public Health Emergency of International Concern”. The disease has had […]