ViacomCBS says first-quarter profit tumbled as the company suffered a 19 per cent decline in advertising revenue due in part to the cancellation of the NCAA "March Madness" men's basketball championship this year.

Global miner Rio Tinto has recommended shareholders vote against forcing it to set targets around the emissions of its steel-making customers, putting it on a collision course with investors over its climate policies.

AMP shareholders, denied dividends for 2019, have served a first `strike' on the hefty pay packets of the beleaguered financial giant's executives.

JC Penney Co Inc is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of its roughly 850 stores, becoming the latest major US retailer to succumb to fallout from the coronavirus outbreak, according to people familiar with the matter.

The coronavirus crisis has sent US unemployment surging to 14.7 per cent, a level last seen when the country was in the throes of the Depression and President Franklin D. Roosevelt was assuring Americans that the only thing to fear was fear itself.

Aussies are finally looking forward to a return to normality after Prime Minister Scott Morrison unveiled a three-step plan to a COVIDSafe Australia yesterday afternoon.

Travellers should consider taking legal action to get money back

The federal government’s wage subsidy scheme may be wound back before its promised six month life span.

Supermarket giant Aldi has issued a warning to shoppers after a labelling mistake led to the recall of a deli meat product.

AMP has been forced to defend its plans for executive pay after frustrated shareholders moved to block the company’s 2019 renumeration report. The Finance Giant’s report has been voted down by a 67 percent majority at the company’s annual general meeting. The report stated the AMP’s Chief executive officer had been paid approximately four million dollars in 2019, despite the bank recording a four year net loss of 2.5 billion dollars in February.

Hoping your boss quits to play golf and you get their job? Not going to happen. Promotions at work will be few and far between for millennials as older workers refuse to vacate their positions, gumming up the job market.

Somewhere between 9.5 per cent and 44 per cent of the entire workforce is now really jobless as a result of the government-mandated lockdowns of the economy.

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