Business stories of interest this week

Business stories from the past week, compiled by Jason Maywald:

  1. Apple shares fall as new Iphone unveiled

While the new iPhone has been hailed as “the biggest leap forward” in mobile phone technology in a decade, investors appear jumpy with share prices remaining flat following the product announcement.


2. Uber blocked from operating in London after company deemed not ‘fit and proper’

Ride-sharing service Uber has been shut down in London, with the transport authority refusing to renew their license to operate in the British capital, arguing that it demonstrates a lack of corporate responsibility. Could Australia be next?


3. Westfield bets big on prime sites

Over two generations, the Lowy family has made Westfield malls one of Australia’s better-known exports. However, with the rise and rise of Amazon and e-commerce in general, the existence of malls has been called into question.


4. SMH: Pressure to shut ATMs as digital payments boom gains pace

The boom in electronic payments is surging, with figures showing non-cash transactions are growing much faster in Australia than in other wealthy countries, a trend putting mounting pressure on banks to rationalize their ATM fleets.


5. The Australian: Kaufland ramps up growth plan

German supermarket giant Kaufland has unveiled ambitious plans for when its Australian opening.