Is there an impending day of reckoning for Australia’s leading small business accounting software developers as global giant Intuit muscles in? That question weighs on the minds of Reckon’s shareholders as the $291 million market cap local squares off against its $16.5 billion US-listed “frenemy”.
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The number of women on the BRW Young Rich list has sadly more than halved since its inception almost a decade ago.In 2003, the percentage of women on the list was 22 per cent (14 of 63 on the list were female) while this year it’s dropped to 6 per cent, with just six women making a list of 100.
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The general insurance sector will face increasing competition from companies outside the industry as businesses look for new avenues for profit, Hollard Insurance boss Richard Enthoven predicts. Australia’s general insurance market is dominated by large listed insurers such as Suncorp and Insurance Australia Group. But Mr Enthoven believes non-insurers operating in tough economic conditions will tap the sector for growth.
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How the banks are using mobile devices cut down time spent by their customers in a branch. From credit card approvals to loan approvals, the banks are trying to keep up and ahead of the game from global giants such as Google and Paypal.
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In a breakthrough towards eventual commercialisation of quantum computing with its very fast speeds, a University of NSW team has opened the way to greater computer miniaturisation by storing and retrieving information from a device based on a single atom.
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