Business News

Ride-share companies are losing billions, so why their interest in unprofitable public transport?

Written by Neil G Sipe, Honorary Professor of Planning, The University of Queensland

Shutterstock

Why do Uber, Lyft, Didi, OLA and other ride-sharing companies want to partner with public transport agencies? For Uber and Lyft, the reason is simple: their business plans were based on eventually using driverless vehicles to eliminate their main cost, the labour cost of the driver. But human drivers won’t be replaced for some...

What To Expect At Retail Fest Australia 2024
As retail industry events gain traction globally, Retail Fest Australia emerges as a pivotal player. Positioned uniquely, t…
Turn your Property into a Smart Home with These Tips
Smart technology will revolutionise how we live our lives, especially in the home; in this short article, we take an in-dep…
‘Eye watering’ spending, growing debt make up surprisingly generous Victorian state budget
The Victorian budget offered more of the same on Tuesday, with the only change being how the budget papers were packaged. The…
If the RBA’s right, interest rates may not fall for another year. Here’s why – and what it means for next week’s budget
The Reserve Bank is now assuming Australians will see no interest rate cuts this year – and quite possibly none before …
QANTAS has finally settled its ‘ghost flights’ lawsuit for $120 million. What’s next?
Last August, the Australian Competition and Consumer Commission (ACCC) launched legal proceedings against Qantas. The consume…

Traditions of Rural Bali at Villa Sabana
A Privileged Insight into the Traditions of Rural Bali at Villa Sabana Situated in the traditional village of Pererenan near Canggu, Villa Sabana is peacefully secluded in a semi-rural setting where…

Perth Shines Brightly as Property Hotspot Amid Western Australia's Economic Boom
Perth's property market is riding an unprecedented wave, fueled by robust economic growth, surging population numbers, and an exceptionally tight rental market across Western Australia. As industry experts and market…

Surprise Someone You Love with the Perfect Flower Delivery
Welcome to the world of flower delivery! Flowers are a beautiful and timeless way to express your feelings. Whether you’re sending flowers for a birthday, an anniversary, or simply “just…
Women are dominating employment growth, but what sort of jobs are we talking about?
One of the biggest transformations we have seen in advanced economies is the increased participation of women in the paid workforce. In recent Australian labour force trends, female participation is…
WHAT DO ONE-TIME PASSWORDS ENTAIL?
One time passwords are dynamic. As the name suggests, they are valid for one-time use. After which they become futile. These transactions occur on digital devices and evade breaches of…

Credit sector strongly opposes insolvency measures extension

Temporary measures to relax insolvency rules to provide support to businesses at the start of the pandemic must be wound back. The risk is if they are extended, a domino effect will prompt a wall of unnecessary insolvencies, p...

R&D firm BourkeHood hits 7 figures in 18 months + Maximises success for clients

Within the first 18 months of operation, Aussie Research and Development (R&D) consultancy BourkeHood has helped more than 180 international clients claim over $30M in R&D funding. This success was reached even during ...

Hunter Valley Start-up, The Village Co, Announces Major Partnerships and Secures $1.25m in Funding

With the hospitality sector in Australia experiencing a turbulent past 15 months, one Hunter Valley-based tech start-up is reshaping the way restaurants engage and entertain customers through AR technology, attracting signific...

Popular