Money

Telstra becomes first Aussie telco to mandate COVID jab

Published

4 years ago

September 7, 2021

Anthony Lucas

Australia’s biggest telco, Telstra has announced it plans to mandate the COVID vaccine amongst its workforce

The telco giant plans to mandate COVID-19 vaccinations for 8,300 frontline staff.

The mandate though, is in defiance of the Business Council of Australia’s stance that employers should only take this step with the backing of government health orders.

The telco giant stated that it would require about a third of its workforce to be vaccinated, and had commenced a one-week consultation period with staff, unions and partners ahead of what will be one of corporate Australia’s largest mandatory vaccination drives.

We need to focus on rebuilding #hope and the sooner we do the better. That’s a role for everyone. #letsvaxx https://t.co/Ur3F4Obswt
— Andrew Penn (@andy_penn) September 1, 2021

Telstra now faces a showdown with unions over the proposal

Telstra boss Andy Penn says that the vaccine requirement would apply to about 8300 workers but not those who could work from home or were outside Australia.

The telco is facing potential legal challenges, however, after chief executive Andy Penn said in a letter to employees that those who refuse the vaccine may be forced into ‘‘medical retirement’’.

“This policy would make getting vaccinated a requirement for roles where they are in regular contact with customers, the public or other employees, such as our frontline and business-critical teams, and those who need to visit customer premises at times,”

Telstra is now the fourth company to mandate Covid-19 vaccinations, joining SPC – which was the first business to force employees to get the jab, as well as major airline Qantas and Australia’s second-biggest private hospital operator, Healthscope.

Virgin Australia, the second largest airline in Australia is still to confirm its vaccine mandate.

Money

AI funding surge: How Nvidia and Oracle are reshaping capital markets

AI infrastructure revolutionizes capital raising, with Nvidia, OpenAI, and Oracle leading; explore funding shifts and future impacts.

Published

3 hours ago

February 4, 2026

Harvey Vargas

AI infrastructure revolutionizes capital raising, with Nvidia, OpenAI, and Oracle leading; explore funding shifts and future impacts.

The AI infrastructure boom is transforming how companies raise capital, with Nvidia and OpenAI leading the charge. Explore the shifts in funding frameworks and what they mean for the future of AI investment.

Oracle is aiming to raise $45 to $50 billion, signalling confidence in the growing AI market. We break down how e

Equity issuance, bond deals, and circular financing are influencing long-term infrastructure development.

Despite rapid growth in AI usage, monetisation challenges remain beyond 2027.

Brad Gastwirth from Circular Technologies explains why financing won’t be a bottleneck and what traditional structures mean for the evolving AI landscape.

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#AIInvestment #Nvidia #Oracle #OpenAI #TechFinance #AIInfrastructure #CapitalMarkets #FutureOfAI

Money

Australia’s inflation hits 3.8%: Budget decisions under pressure

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Published

1 day ago

February 3, 2026

Harvey Vargas

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Australia’s inflation has surged to 3.8%, sparking concern for households and businesses. Experts warn that rising prices could threaten financial stability if the government does not act in the upcoming budget.

Dr Steven Enticott from CIA Tax joins Ticker to break down what this inflation spike means for everyday Australians. He also explains why inflation above the Reserve Bank’s target band is particularly significant and how it affects economic planning.

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#AustraliaInflation #EconomicUpdate #Budget2026 #RBA #FinancialNews #BusinessImpact #HouseholdCosts #TickerNews

Money

Wall Street gains momentum amid tech and earnings surge

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

Published

1 day ago

February 3, 2026

Harvey Vargas

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

U.S. equities climbed on Monday as Wall Street kicked off a new month of trading. Investors looked past recent losses in silver and bitcoin, with optimism returning to major indices. The S&P 500 rose 0.7%, led by gains in Oracle shares following the company’s announcement to raise up to £50 billion for cloud capacity.

The Dow Jones Industrial Average surged 501 points, while the Nasdaq Composite increased 0.9%. Analysts note that the broader market is showing resilience despite mixed signals from tech and commodities.

More than 100 S&P 500 companies are expected to report earnings this week. Strong growth is predicted, even as some high-profile sell-offs continue to make headlines.

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