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KPMG’s audit leaks scandal has claimed plenty of scalps. On Friday, attention shifts to the legal advice used to dismiss the whistleblower’s claims.
Latest briefings
Tech workers complain companies are rolling out AI tools that don’t work properly, as retrenched software engineers are quickly re-absorbed by the sector.
- FleetPartners courtship gets hotter
- Canva shares trade at 29% discount
- Sports Entertainment buys MediaWorks
- Morrison consortium leads Ausgrid’s Plus ES sale
- Goldman buys Neos to expand ETF biz
- Iger, Kushner to buy Lakers, USD12.5b
Anthony Albanese wants tougher AI rules, but one of the most powerful tools is already on the books: the neglected consumer data right.
In an email to partners, the national governance board said the result paved the way for stronger governance of the embattled firm
Tokyo-listed Orix has made it a three-horse race to buy FleetPartners. Some think ASX-listed McMillan Shakespeare or Smartgroup could enter the fray.
Commonwealth Bank’s profit machine is still humming, but falling property prices, weaker mortgage demand and rising impairments are starting to show cracks.
Commonwealth Bank net profit jumps 8% to $10.9b, flags softer housing outlook
The jobs platform’s CEO Ian Narev has acknowledged that AI uncertainty is weighing on the company’s share price amid fears it will also hurt its underlying business.
Canva’s AI headwinds may test its lofty valuation, but its earliest Australian backers have already taken substantial money off the table while retaining plenty of upside.
As the major banks get wrongfooted by a softening property market, smaller rivals are seizing on opportunities.
Property is a significant chunk of Australians’ wealth. But Michele Bullock thinks even a 20% price fall wouldn’t risk destabilising the financial system.
Chief executive Lauren Antonoff wants ‘more flexibility for hiring’ after joining the wave of tech job cuts earlier this year.
