ANZ Bank Plans to Release Consultant's Report on Staff Culture
Consultancy Oliver Wyman has delivered its findings to the Melbourne-based bank's board, a spokesperson for the lender said on Thursday. The findings of the review are being discussed with the regulator, the Australian Prudential Regulation Authority.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
10 minutes ago
- CNBC
Elon Musk's Tesla launches bid to supply electricity to British households
Elon Musk's electric vehicle manufacturer and energy company Tesla is preparing to supply electricity to British households and businesses. The Texas-based company formally submitted its request for an electricity license to the British energy regulator Ofgem at the end of last month, according to a notice on the watchdog's website. If approved, the move could pave the way for Tesla to compete with the big firms that dominate the U.K. energy market from as soon as next year. The application, first reported by the Sunday Telegraph, came from Tesla Energy Ventures and was signed by Andrew Payne, who runs the firm's European energy operations. Tesla, which is best known as one of the world's leading EV manufacturers, also develops solar energy generation systems and battery energy storage products. Musk's company already has an electricity supplier in Texas, called Tesla Electric. The service, which was launched in 2022, allows customers to optimize energy consumption and pays them for selling excess energy back to the grid. Tesla's push for a license to supply electricity to British households comes as the company endures a protracted European sales slump. Data published last week by the U.K.'s Society of Motor Manufacturers and Traders (SMMT) showed Tesla's new car sales dropped by nearly 60% to 987 units last month, down from 2,462 a year ago. In Germany, meanwhile, Tesla car sales fell to 1,110 units in July, down 55.1% from the same month in 2024. The latest sales figures underscored some of the challenges facing the company, which continues to face stiff competition, particularly from Chinese EV manufacturers, and reputational damage from Musk's incendiary rhetoric and relationship with U.S. President Donald Trump's administration.
Business Insider
11 minutes ago
- Business Insider
Starbucks is asking customers in South Korea to stop bringing monitors, printers, and desk dividers into their stores
Starbucks South Korea has a problem — some of its customers are treating the outlets like private office spaces. The coffee chain said it posted a notice in its South Korean stores urging patrons not to bring bulky office equipment into the shops. The notice said items such as desktops, printers, extension cords, and desk partitions would not be allowed in stores. It also told customers to take their belongings with them when leaving their seats for long periods, and to let other customers share tables meant for multiple people. In response to a request for comment from Business Insider, a Starbucks representative said Starbucks Korea had updated its policy for its customers to "have a pleasant and accessible store experience." "While laptops and smaller personal devices are welcome, customers are asked to refrain from bringing desktop computers, printers, or other bulky items that may limit seating and impact the shared space," the representative said. She added that Starbucks Korea's new policy doesn't involve time limits for customers dining in stores. Pictures on social media show customers in South Korea putting up foldable partitions around their work areas in Starbucks stores, making the area inaccessible to other customers. Starbucks' new policy comes as a work-from-café trend, known in South Korea as "cagongjok," has swept the country. "Cagongjok" translates to people who work or study in cafés for prolonged periods. In Seoul, the trend is fueled by the large number of cafés on every street corner. South Korea is Starbucks' third-largest market after the US and China, with more than 2,000 outlets. At the end of 2024, its store count surpassed Japan. The Seattle-based coffee chain released its third-quarter 2025 earnings on July 29. It reported its sixth straight quarter of sales declines, with global same-store sales down 2% compared to a year ago. The company's stock has been down about 18% in the last six months but is flat compared to the start of the year.
Associated Press
an hour ago
- Associated Press
Liberty Home Loans Offer Flexible Support as Housing Incentives Roll Out
With state governments investing billions in housing affordability, Liberty is helping more Australians take the next step with flexible home loan solutions. MELBOURNE, AU / ACCESS Newswire / August 11, 2025 / Prospective homebuyers across Australia have received a welcome boost, with several state and territory governments announcing new housing incentives in their annual budgets. The measures announced include shared equity schemes, low-deposit loans, and stamp duty concessions in some states. As housing affordability continues to evolve, non-bank lender Liberty remains focused on empowering Australians to achieve their homeownership goals. A leader in the Australian mortgage space, Liberty is ready to strengthen this momentum with a range of home loan solutions and by helping borrowers explore their options with greater confidence. 'At Liberty, we're here to help buyers with flexible lending options tailored to unique circumstances,' said Communications Manager Bernadine Pantarotto. Unlike traditional lenders, Liberty adopts a holistic approach to credit assessment, combining risk-based pricing with personalized customer service and greater choice. 'We know every homebuyer's journey is different, which is why Liberty takes a flexible approach to lending, offering support beyond traditional criteria,' explained Ms. Pantarotto. A tailored home loan could help Australians access the finance they need, regardless of smaller deposits, variable income sources or complex credit histories. Borrowers could also benefit from loan features like offset accounts, interest-only terms, redraw facilities, and higher LVRs. 'Our range of home loan solutions, including low doc and low deposit home loans, could help more people to accelerate their property plans,' Ms. Pantarotto said. These features complement Liberty's flexible lending options, designed to support free thinking borrowers. Whether it's a first home, a fresh start, or a long-term property investment, Liberty remains committed to helping more Australians get and stay financial. 'With nearly 30 years of experience, Liberty has proudly helped over 900,000 free thinkers make their dreams a reality,' said Ms. Pantarotto. Beyond home loans, Liberty's lending solutions can also support a range of life goals, from home upgrades and renovations to business ventures and unique travel plans. About Liberty As one of Australia's leading non-bank lenders, Liberty offers innovative solutions to support customers with greater choice. For nearly 30 years, this free-thinking approach to loan solutions has seen more than 900,000 customers across a wide range of home, car, business and personal loans, as well as SMSF lending and insurance. Liberty remains the only non-bank lender with an investment-grade credit rating offering custom and prime solutions to help more people get financial. Approved applicants only. Lending criteria apply. Fees and charges are payable. Liberty Financial Pty Ltd ACN 077 248 983 and Secure Funding Pty Ltd ABN 25 081 982 872 Australian Credit Licence 388133, together trading as Liberty Financial. Contact Laura Orchard Media Coordinator P: +61 3 8635 8888 E: [email protected] SOURCE: Liberty press release
