Each week I’m going to do a round up of important, insightful or big news stories in the business arena. This week is the first entry and Australian property values dominate local headlines, while
Housing market set to cool as sentiment starts to sour: NAB
Fairfax: Australians divided over economy like never before
Australian companies and consumers are divided as never before over their judgment of the nation’s economy.
Business confidence is powering along and conditions – a measure of hiring, sales and profits – hit a post-2008 crisis high. But consumer sentiment remains in the doldrums.
Wall Street Journal: French court shows out Googles $1.3billion tax bill
PARIS—Alphabet Inc.’s Google won a reprieve from one of its biggest legal battles in Europe on Wednesday, when a Paris court threw out a €1.11 billion ($1.27 billion) bill that France’s tax authority has sought from the search giant for five years of back taxes.
AFR: How Brexit will hurt Europe’s financial systems
Like many multinational companies, Italian engineering business Brembo relies on London to run its finances. The company, based close to the Alps, makes brakes for Formula One cars and motorbikes and sells them in 70 countries. Hundreds of millions of euros pass through its bank accounts each year – and London is the hub for those flows.
SMH: Amber Harrison takes aim at Seven fort ‘brutal, unnecessary’ legal battle
The former lover of Seven West Media boss Tim Worner has taken aim at the company for waging a “brutal” and “protracted” legal battle against her and said its pursuit of her for costs will “drive me into bankruptcy”.