The war brewing between Aussie airline executives

Published

3 years ago

April 29, 2021

There seems to be a war brewing in Australia’s aviation industry.

Qantas is set to go all the way to the Supreme Court of Singapore on Thursday to obtain an injunction to halt Velocity’s ‘defecting’ new CEO from starting his job next week.

The ‘defecting’ new CEO of Virgin Australia’s Velocity programme was a former executive with Qantas.

The eleventh-hour intervention marks the latest twist in the row between the two airlines.

It all started after it emerged the executive in question, accepted a job working for Qantas’ loyalty scheme before switching to the Virgin rival shortly afterward.

The hearing is set for Thursday afternoon in Singapore, with Qantas hoping to convince the court to stop Velocity’s new recruit from beginning the job.

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.