Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from Australia and New Zealand:
- Huawei a security risk, claims Minchin: The Federal Opposition is demanding the Government explain whether a company involved with the new frontrunner’s bid for Australia’s National Broadband Network has links with the Chinese military.
- Telstar’s NBN compo claim: $80 billion?: A stockbroker today claimed the Federal Government could face a compensation claim of more than $80 billion if Telstra was forced to provide the company that builds the National Broadband Network access to its existing infrastructure.
- NAB axes Fahour’s role in rejig: The future of National Australia Bank’s Australian divisional boss, Ahmed Fahour, has again been called into question after his job was scrapped by the group’s in-coming chief executive Cameron Clyne today.
- CommBank’s debt alert: Commonwealth Bank’s shares sank after they resumed trading following a bungled $2 billion capital raising. The bank also said this morning that provisions for bad debts may rise to $2.5 billion.
- Anza to grow overseas business: ANZ plans to take advantage of opportunities offered by the financial crisis, as it seeks to grow its business in Asia and become a “super regional bank”.
- Special Report: VoIP war stories from the Australian front: It took the direct intervention of Cisco CEO John Chambers to resolve issues when Victoria’s Timboon and District Healthcare service first deployed what at that stage was a fledgling IP telephony technology in 1998. Since that time the technology has become commonplace, but deployments across the nation show not everyone does it the same way.
As always this list is not exhaustive, but I hope it will give you a little overview. — ST.