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Commonwealth Bank profit jumps to $5.15bn amid rising interest rates

TheGuardian

The country’s biggest lender on Wednesday reported a cash profit of $5.15bn for the six months to December 31, a 9.0% increase from the year earlier and in line with analyst estimates.

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Deutsche Bank Debuts Cash Management In Australia

PYMNTS

Deutsche Bank has opened a new cash management business in Australia, which will add to its global portfolio, according to a press release. There were 14 new jobs added to support the new Australia location, including John Godlonton of Deutsche Bank Singapore, who will act as the head of cash product for Australia.

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An Australia With No Google – A Search For Search? 

PYMNTS

22), Google has said it might pull out of the country if changes are not made to the proposed news media bargaining code. That code would, in broad terms, mandate that companies such as Google and Facebook would bargain with content publishers, specifically over the value of the news that is distributed over Big Tech platforms.

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Why The Data Breach Decline Is Bad News For Businesses

PYMNTS

The Interstate Technology & Regulatory Council (ITRC) released new data on the state of cyberattacks and data breaches with some surprising news: data breaches were actually down in 2020 year-over-year. Cybercriminals are simply shifting their tactics to find a new way to attack businesses and consumers.

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Intuit Study: A Third Of Small Businesses Grapple With Late Payments

PYMNTS

Hiccups in accounts receivable — such as not getting paid on time — mean that business owners can struggle to meet their own financial obligations. Intuit found through a study that, across the globe, as much as 61 percent of small businesses (SMBs) face difficulties when it comes to managing cash flow. Australia, India and Canada.

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Google Makes A Big New Move Into News Aggregation

PYMNTS

News publishers and Big Tech platforms are in my ways “frenemies.” Publishers like all the traffic Google and Facebook have the power to send to news content, but they’re less delighted being beholden to the tech giants and at the mercy of their policies. Instead, the service launches this week in Brazil and Germany. publishers.

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RBA urges business to act now on climate threats or face potential legal action

TheGuardian

Reserve Bank Australia says households may struggle to repay debts as asset prices will probably become more volatile Follow our Australia news live blog for the latest updates Get our free news app , morning email briefing or daily news podcast The Reserve Bank has warned banks, insurers and other businesses to act now to manage the financial threats (..)