Mitchell Hughes says universities are producing brilliant young founders — so he built a fund to find them first. Some of Australia’s top VCs and founders are now supporting it.
Finance and markets
CFO Vandita Pant suggested the mining giant is not concerned by potential flow-on effects on its iron ore business from Australian tariffs on Chinese steel.
The Australian-led startup has been accused by a rival of inflating biomarker claims, doctoring a Reddit post, and fostering a culture where employees inject each other with experimental compounds “for fun”.
The fintech industry says cuts to the CDR team within Treasury were “definitely noticed” but a series of people moves at the government department could bode well for reforms.
BlueScope has more than doubled its first-half profit and interim dividend. Its new CEO is calling it an ‘inflection point’.
Around 25 roles have been shed from the team working on a key pillar of open banking which could spark nervousness within the fintech community about the government’s commitment to the reforms.
Australia’s largest bank was found to have breached its disclosure obligations leading up to the $700 million AUSTRAC settlement. Now the High Court will decide whether it will have to pay for it.
