Business
Vodafone franchisees warned of ‘massive impact’ of commission cuts on mental health | Vodafone
Vodafone franchisees warned the telecoms group of the “massive impact” commission cuts were having on their mental health four years before a group of 62 launched a £120m high court claim against the company, it has emerged. Franchisees of the high street chain said they were feeling stressed and had suffered from “anxiety” as a […]
Optus will face ‘significant consequences’ for triple zero failure linked to deaths, minister says | Optus
The federal government has promised Optus will “suffer significant consequences” after multiple deaths were recorded during the telco’s triple zero outage, with major financial penalties likely. The communications regulator said it wasn’t informed of the outage by Optus until hours after it had been resolved – and that the company had provided “inaccurate” information. The […]
Disruption continues at Heathrow, Brussels and Berlin airports after cyber-attack | Airline industry
Hundreds of thousands of passengers at Heathrow and Berlin airports faced flight delays on Sunday after a cyber-attack hit check-in desk software, while cancellations at Brussels airport suggested that disruption for Europe’s air travel would continue into Monday. Airlines were forced to revert to slower manual check-ins from Friday night after the attack hit Collins […]
Wealth tax would be deadly for French economy, says Europe’s richest man | Bernard Arnault
Europe’s richest man, the luxury goods magnate Bernard Arnault, has said that a wealth tax that could cost him more than €1bn (£817m) would be deadly for France’s economy. The French founder of LVMH Moët Hennessy Louis Vuitton said in a statement to the Sunday Times that calls for a 2% wealth tax on all […]
Optus admits process not followed after it missed at least five warnings of triple zero outage | Optus
Optus failed to immediately respond to at least five calls from customers unable to contact triple zero in the hours before it realised its systems had failed, as the embattled telco confirmed “established processes were not followed”. The company’s chief executive, Stephen Rue said on Sunday the company had identified at least five calls, routed […]
Australia news live: Bowen accuses National party of betraying farmers; Optus pledges investigation into triple-zero deaths | Australia news
Key events Show key events only Please turn on JavaScript to use this feature Spectre of black summer bushfires hangs over Optus outage, minister says McBain said the spectre of the black summer bushfires hung over the Optus outage, particularly given reports that the incident lead to at least four deaths. The minister is asked […]
Deal to transfer TikTok to US control unresolved despite Trump-Xi call | TikTok
Donald Trump’s attempts to broker a deal that would transfer TikTok from Chinese to US control remained unresolved on Friday despite a call between the US president and Xi Jinping. China and the US have been at loggerheads over trade negotiations and the future of TikTok, a Chinese-owned social media platform that faces a ban […]
Car insurers to pay 270,000 drivers share of £200m compensation | Insurance
An estimated 270,000 drivers are receiving a total of £200m compensation from car insurers after the regulator found they were short-changed when their vehicle was stolen or written off. The money is being paid out after a review by the Financial Conduct Authority (FCA) which found insurers had undervalued vehicles when paying out on claims. […]
UK households put a record £103bn into Isas amid ‘dash for cash’ | Isas
British households stuffed a record £103bn into tax-efficient individual savings accounts, according to annual figures that underline the strong appetite for the certainty of cash over stock market investments. Savers opened 15m Isas in the 2023-24 tax year, up from 12.4m the year before and the highest level for 13 years. The spree was driven […]
Australia news live: PM takes aim at Ley over climate target comment; NSW Greens push for laws to keep cats inside | Australia news
PM calls Coalition’s refusal to set emissions targets ‘extraordinary’ Albanese also had harsh words for opposition leader Sussan Ley and her refusal to set the Coalition’s own targets. Albanese said: Today we’ve had the extraordinary comment by the leader of the Liberal party who said ‘we don’t believe in setting targets at all’ … The […]