Administrators for the troubled startup have secured an agreement allowing it to pay wages and maintain operations while they proceed with an urgent sale process.
Finance and markets
Airtree, Main Sequence and other Australian VCs are encouraging their portfolios to focus on runway and profitability as they anticipate a bumpy ride ahead.
CIO Kyle Lidbury says private credit opportunities are stronger offshore — and warns Australia’s immature market must watch for creditor-on-creditor violence.
Canva’s bold move into productivity tools is both a leap forward and a strategic defence, as AI-powered rivals close in on the $49 billion design giant’s territory.
Another day, another volatile session. And with no sign that Trump's unpredictability or the resulting market mayhem will end anytime soon, investors and businesses are getting weary.
Trump’s 90-day tariff truce has restored some calm, but economists warn the uncertainty will still weigh heavily on business investment.
Merricks Capital has settled one of its most high-profile loans — Melbourne Place Hotel — and says workouts are a feature of private credit, not a bug.
Despite rising global political pressure — including from Trump’s anti-ESG movement — Australian banks are holding firm on net zero, but Scope 3 gaps remain.
CoStar’s $2.8 billion bid for Domain is not expected to be impacted by a review of major investments by the US property giant.
Markets are testing the resolve of US Treasury Secretary Scott Bessent, as the Trump administration's move to impose sweeping tariffs on the rest of the world continues to perplex experts.
Despite pulling back from public ESG advocacy, super funds are still investing with climate in mind, says GSFM investment strategist Stephen Miller.
