BUSINESS

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Kylie Jenner's Event Planning Company Blows Me Off
Kiwi woman Amy Yip, owner of NYC-based cake business Yip.Studio, published the exposé in a string of Instagram stories. The email read, “Hi Amy, We actually just heard back today and they won’t have the budget to accommodate” Amy added text to the post telling followers she’d “spent hours” making a design deck that would fit the proposed event “without any kind of deposit or dime” Kylie’s team asked Amy to remove her story.
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Read more at PerthNow
Bondi Pizza in administration
Bondi Pizza, which has locations in Eastgardens, Macquarie and Parramatta, was appointed administrators on February 28. The chain only recently opened a Randwick location in October 2023. It is understood the business is hoping to find a buyer.
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Read more at The Cairns Post
Elon Musk Is No Longer the World's Richest Person
Musk lost his position to Jeff Bezos after shares in Tesla tumbled 7.2% on Monday. It’s the first time Musk has topped Bloomberg’s ranking of the richest people since 2021. Amazon shares have more than doubled since late 2022 and are within striking distance of a record high.
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Read more at Business Today
Paymentus Earnings Boosted by Digital Transformation
Paymentus has digitally processed 124.8 million transactions in the fourth quarter of 2023, an increase of 28.4% from the full year 2022, per its financial results. The company’s quarterly revenue was $164.8 million, a rise of 24.7% year-over-year, which executives noted was driven largely by increased transactions. Paymentus’s stock was up 25% on the news of its earnings.
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Read more at PYMNTS.com
British Airways and BA Holidays Launch Business Class Sale
British Airways and BA Holidays have launched their latest business class sale. This promotion runs until 2359 GMT on March 19, 2024. It offers a range of captivating destinations from the vibrant streets of New York to the serene shores of the Maldives.
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Read more at BNN Breaking
Laura Mercier Launches First Store in India
In recent years, the beauty has undergone a remarkable transformation, reflecting the country’s growing interest in skincare, makeup, and self-care rituals. Laura Mercier, a renowned name in the world of beauty, is set to make its mark with the grand opening of its flagship store in Mumbai, India. The brand is focused on a multi-channel growth in the country, starting with their partnership with Tira for e-commerce.
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Read more at Lifestyle Asia India
Increasing Loan Approval Confidence for Australian Business Owners
Jenaya Kennett, an acclaimed broker and Director at Ausloans Finance Strathalbyn, shares invaluable insights on enhancing loan approval confidence among business proprietors. She emphasizes the importance of presenting tax returns, BAS statements, income statements, balance sheets, and cash flow projections to demonstrate a comprehensive grasp of one's financial health.
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Read more at BNN Breaking
Australia's Strategic Pivot to Southeast Asia
Australia is engaging its prominent business figures to expand economic ties with Southeast Asia. It represents a pivotal shift towards tapping into a market with potential USD 3 trillion value. This development comes at a time when geopolitical tensions underscore the urgency for diversified trade partnerships.
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Read more at BNN Breaking
Safaricom Ethiopia Identifies Cash Dominance As Key Barrier to M-Pesa Uptake
Safaricom Ethiopia has identified cash dominance as key barrier to growing its payments business represented using its M-Pesa platform. The telco said the proliferation of cash, especially for small-value transactions was a challenge but an opportunity to digitise payments in the country as the operator also eyes the rollout of financial services.
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Read more at Business Daily
Small Business Support Hubs in Detroit
Detroit Means Business says less than 10% of residents are aware of small business resources available in the city. The City of Detroit wants to make sure small business entrepreneurs know how to access help. There will be at least one hub in every city Council district.
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Read more at FOX 2 Detroit