Qantas takes on a former executive that “knows too much”

Published

5 years ago

May 3, 2021

After a decade with the Australian airline, former executive Nick Rohrlach takes job at Virgin Australia

Qantas has won a last-minute court order that will stop former executive from jumping ship to the rival airline, Virgin Australia.

This comes after two failed attempts to prevent Rohrlach from taking the job at Virgin.

Rohrlach landed a job at Virgin’s Velocity Frequent Flyer program

Former Jetstar Japan co-chief Nick Rohrlach is waiting until the court case is resolved before he starts his new job.

The case was lodged in Singapore’s Supreme court.

He joined the airline in 2011 as Head of Strategy and Planning before switching over to Jetstar, eventually running their headquarters in Japan.

In October last year, he returned to Sydney to take up a job with Qantas Loyalty.

Qantas executive Nick Rohrlach — Former Qantas Group executive Nick Rohrlach plans to jump ship to Virgin Australia.

Qantas Executive Rohrlach knows “too much” about the airline

Qantas is arguing that he knows “too much” about Qantas, leading to fears he could bring insider information to Virgin.

“Right up until he informed Qantas of his new role at Velocity, was it suggested that the flow of information from Qantas should cease,” a Qantas spokesperson told The Australian.

The Australian’s Robyn Ironside reports that Qantas has applied to the Supreme Court of Singapore for an emergency injunction.

Switching employers in the airline industry is common enough. Qantas CEO Alan Joyce has previously worked at Aer Lingus and Ansett Australia.

A former Qantas executive has landed a job at Virgin Australia.

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Published

7 days ago

November 27, 2025

Harvey Vargas

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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Money

Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

Published

1 week ago

November 26, 2025

Harvey Vargas

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.

The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.

Money

Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Published

1 week ago

November 25, 2025

Harvey Vargas

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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