Microsoft’s Xbox Reportedly Plans Major Layoffs and Budget Cuts

Microsoft's Xbox division is reportedly preparing for major layoffs next month alongside significant budget reductions, according to Bloomberg News. The reported restructuring would be the first major overhaul under Xbox CEO Asha Sharma, who took charge in February. Bloomberg said the gaming business has faced challenges from declining console sales, weaker revenue growth and pressure on profitability despite heavy investment in content and platforms. The exact scale of the layoffs remains unclear. Microsoft has not officially confirmed the reported cuts, which are expected to take place after the end of its fiscal year in June.

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Business

Oracle’s AI spending exceeds estimates, raising growing debt concerns 

Oracle has forecast up to $95 billion in capital spending for fiscal 2027 as it accelerates investment in artificial intelligence infrastructure and cloud computing. The company also plans to raise nearly $40 billion through debt and equity financing, prompting investor concerns about its growing debt load. Shares fell in extended trading despite stronger-than-expected quarterly results. Oracle said its Stargate data centre project with OpenAI is progressing rapidly and will be more than 75% complete within 90 days as the company continues expanding capacity to meet rising demand for AI computing services.

By Shivangi 16h ago

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Australia’s Santos Shares Hit Four-Year High as Rising Oil Prices Boost Investor Confidence

Santos shares climbed to their highest level in four years as stronger oil prices, rising production, and improving cash flow boosted investor sentiment toward the Australian energy company. The stock has surged 33% since the beginning of 2026, significantly outperforming the broader ASX market. Santos recently reported stronger quarterly production, higher sales revenue, and stable free cash flow while also announcing first oil production from its Pikka development project in Alaska. Analysts remain largely bullish on the company, with most maintaining buy ratings and expecting further upside as global oil markets remain volatile and energy prices elevated.

By Shivangi 3w ago
World NEWS
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OpenAI picks Singapore for first applied AI lab outside the United States

OpenAI is set to establish its first applied AI lab outside the United States in Singapore, deepening the city-state’s ambitions to become a leading global hub for artificial intelligence innovation.

By Tanmay 3w ago
NATIONAL NEWS
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Australia’s tax overhaul could drive investors towards income-focused assets

Australia’s planned tax overhaul is expected to trigger a major shift in investment behaviour, with analysts predicting stronger demand for dividend-paying shares, bonds and income-focused assets.

By Tanmay 3w ago
business bloopers
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CASE CLOSED
How Australia’s Cotton On Got Trapped Under 900 Stores and a $1 Million Retail Disaster
Cotton On’s rapid global expansion left it exposed to shifting consumer habits, failed overseas markets and costly compliance mistakes.
Verdict: Overexpansion & retail blind spots
case file - damage report
$1M
Court-imposed fine
6
Markets exited
9%
Sales fall
How It Unravelled
1991
Cotton On was founded in Geelong, Victoria, and grew into one of Australia’s largest fashion retailers.
2000s–2010s
The company expanded aggressively across Australia and international markets, building a network of more than 900 stores.
Early 2010s
Consumer spending increasingly shifted online while Cotton On remained heavily invested in physical retail expansion.
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podcast
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Mel Yu: Shaping Brands, Building Experiences, and Leading with Heart

Mel Yu: Shaping Brands, Building Experiences, and Leading with Heart

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Mel Yu: Shaping Brands, Building Experiences, and Leading with Heart

Mel Yu represents a new breed of business leader, one who understands that authentic brand presence is the currency of modern entrepreneurship. As the Director…

By Mel Yu 5mo ago

Leading with Heart: The Inspiring Journey of Sara Murdock

In the heart of Melbourne’s community pharmacy network, a story of courage, compassion, and purpose continues to inspire thousands. That story belongs to Sara Murdock,…

By Sara Murdock 7mo ago

Resilience, Perspective & Success: The Journey of Rex Afrasiabi

Rex Afrasiabi, trusted legal partner to Australia’s real estate and mortgage sector, could easily be introduced by his long list of accolades, including director of…

By Rex Afrasiabi 8mo ago
technology
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The Personal Brand Architect

Mel Yu: Shaping Brands, Building Experiences, and Leading with Heart

Mel Yu represents a new breed of business leader, one who understands that authentic brand presence is the currency of modern entrepreneurship. As the Director of MCO Events and a Fractional Head of Brand for founders and CEOs, Mel has carved a distinctive niche by merging psychology, hospitality, and strategic branding into a powerful framework that transforms how growth-stage companies present themselves to the world. Her journey from corporate event management to personal branding authority reveals critical insights into what truly drives business success in 2025.

By [email protected] 5 months ago
02
Healthcare With Humanity

Leading with Heart: The Inspiring Journey of Sara Murdock

In the heart of Melbourne’s community pharmacy network, a story of courage, compassion, and purpose continues to inspire thousands. That story belongs to Sara Murdock, an award-winning pharmacist, community health advocate, and leader whose life embodies resilience and transformation. From surviving a childhood marked by war to shaping the future of community care in Australia, […]

By manjula@in 8 months ago
03
Law, Leadership & Resilience

Resilience, Perspective & Success: The Journey of Rex Afrasiabi

Rex Afrasiabi, trusted legal partner to Australia’s real estate and mortgage sector, could easily be introduced by his long list of accolades, including director of leading law firms, regular media commentator, judge for major industry awards, and strategic advisor to some of the nation’s top business leaders.

By manjula@in 8 months ago
04
Women Leading the C-Suit

Amanda Blesing: Empowering Women to Lead in the C-Suite

For decades, professional women have faced the pressure to “lead like a man,” often labeled with terms that undermine ambition. Despite progress, executive leadership remains skewed by hidden biases, cultural stereotypes, and systemic barriers, frequently forcing women to choose between flexibility and advancement. Amanda Blesing is changing that narrative. As an internationally recognized mentor, speaker, […]

By Manjula 9 months ago
05
Beyond Legal Borders

Traci Chen: The Visionary Redefining Migration Law in Australia

Migration is more than a legal process; it’s a deeply personal journey. For many, it’s a bold leap towards new opportunities, often filled with complexities, uncertainties, and the hope for a brighter future. Among those navigating and illuminating these pathways stands Traci Yan Yan Chen, an innovative, compassionate, and trailblazing force in Australia’s migration law […]

By Pawan 10 months ago
06
Smarter Homes, Better Choices

Jo Agresta: Revolutionizing Real Estate with Passion, Grit, and Purpose

Jo Agresta’s entrepreneurial journey embodies the grit, vision, and heartfelt purpose that underpin remarkable innovation in Australia’s property landscape. As the CEO and co-founder of Abodey AI, Jo has redefined what it means to be a challenger in real estate technology, leveraging her lived experience, industry expertise, and unwavering resilience to create genuine solutions for […]

By Manjula 10 months ago
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Elon Musk
TESLA · SPACEX
$775.8B net worth
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Larry Page
GOOGLE
$286.0B net worth
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3
Jeff Bezos
AMAZON
$270.5B net worth
GLOBAL BILLIONAIRE
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Sergey Brin
GOOGLE
$263.9B net worth
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Mark Zuckerberg
FACEBOOK
$229.4B net worth
GLOBAL BILLIONAIRE
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Elon Musk

Global Tesla · Spacex
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Larry Page

Global Google
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Jeff Bezos

Global Amazon
$270.5B
4

Sergey Brin

Global Google
$263.9B
5

Mark Zuckerberg

Global Facebook
$229.4B
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Alice Walton

USA Fashion & Retail
$127.6B
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Francoise Bettencourt Meyers & family

France Fashion & Retail
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Julia Koch & family

USA Diversified
$81.2B
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Iris Fontbona & family

Cl Metals & Mining
$47.2B
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Rafaela Aponte-Diamant

Switzerland Logistics
$45.1B
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Business

Australia’s Block Earner Secures ASIC Credit Licence in Major Boost for Crypto Lending

Block Earner has secured an Australian Credit Licence from ASIC, becoming the first digital asset platform in Australia allowed to directly provide regulated crypto-backed credit products under its own licence. The Sydney-based fintech says the approval creates a regulated pathway for Australians to use cryptocurrency holdings as collateral for lending products, including home loans. The company already claims more than $500 million in mortgage demand through its waitlist service. The licence approval follows Block Earner’s major court victory against ASIC last year and comes as Australia prepares broader reforms for the country’s growing digital asset and cryptocurrency sector.

By Shivangi 3w ago
Investing

Angel Investors vs VC Firms in Australia

Choosing between angel investors and VC firms is a critical decision for Australian startup founders in 2026. While angels offer early-stage flexibility and mentorship, VCs bring larger capital and scaling support. This guide breaks down funding stages, investment sizes, and real ecosystem trends to help founders raise smarter in Australia’s competitive startup landscape.

By Pooja Malik 3w ago
lifestyle Articles
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Lifestyle

Affordable Skincare Brands in Australia You Need to Try in 2026

Affordable skincare in Australia is booming in 2026 as consumers shift toward ingredient-focused, budget-friendly routines. From cult favourites like The Ordinary and CeraVe to local brands like Sukin and Ultra Violette, effective skincare is now more accessible than ever. Here’s a curated guide to the best affordable skincare brands Australians are loving right now.

By Pooja Malik 3w ago
Lifestyle

The Most Dazzling Watches of 2026 in Australia

Luxury watches are gaining momentum in Australia in 2026, with buyers investing in timepieces that combine craftsmanship, heritage, and long-term value. From Rolex and Omega to Tissot and Seiko, this guide highlights the most desirable watches, key trends, and why Australians are shifting toward collectible, statement-making designs.

By Pooja Malik 3w ago
Lifestyle

Best Moisturizers for Dry Skin In Australia

Discover the best moisturizers for dry skin in Australia, based on ingredient effectiveness, dermatology guidance, and real-world availability. This guide covers face and body options across price ranges, with insights on ceramides, glycerin, and barrier repair, along with practical advice on choosing and using moisturizers in Australian climate conditions.

By Pooja Malik 1mo ago
Fashion & Style

Circular Fashion Startups in Australia: Turning Waste into Wearables

Australia’s circular fashion ecosystem is gaining traction as startups rethink how clothing is made, used, and recovered. With 222,000 tonnes of textiles still going to landfill each year and recycling rates at just 7%, companies like Citizen Wolf, RCYCL, and The Volte are building models around reuse, rental, and fibre recovery, supported by national initiatives such as Seamless.

By Pooja Malik 1mo ago
Art

Melbourne Artist Richard Lewer Wins 2026 Archibald Prize 

Melbourne artist Richard Lewer has won the 2026 Archibald Prize and the prestigious $100,000 award for his portrait of Pitjantjatjara Elder and artist Iluwanti Ken. The life-sized work was created after Lewer spent time with Ken on Country in South Australia’s Aṉangu Pitjantjatjara Yankunytjatjara Lands. Judges praised the portrait for capturing her strength, warmth and cultural presence. Lewer, previously a six-time Archibald finalist, said he hoped the painting would shine a spotlight on Ken’s role as a healer, artist and custodian of cultural knowledge within her community.

By Shivangi · 1mo ago
Melbourne Artist Richard Lewer Wins 2026 Archibald Prize 
Google’s TurboQuant AI Tool Could Reshape Australia’s Tech Industry
Fine Art

Google’s TurboQuant AI Tool Could Reshape Australia’s Tech Industry

TurboQuant, Google Research’s memory compression tool, could cut the working memory AI requires to operate by six, and with zero accuracy loss Revealed on 25 March 2026, the game-changing technology has been likened to Google’s “DeepSeek moment” by some of the world’s leading tech figures, and is even being compared to Pied Piper from HBO’s Silicon Valley. For Australian companies paying to operate AI tools every day, such a technology that reduces those costs is worth keeping an eye on. Full findings will be presented by the researchers at the ICLR 2026 conference in April.

Boyd Women Exhibition - Discover how The Hidden Line at Bundanon reclaims the legacy of Boyd women artists, showcasing 300+ works that reshape art history.
Fine Art

Boyd Women Exhibition Rewrites Australian Art History

The Hidden Line: Art of the Boyd Women stands as one of Australia's most significant recent cultural events, fundamentally reshaping the nation's understanding of its artistic heritage. Opening at the Bundanon Art Museum on 22 November 2025 and running through…

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travel
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10 low-cost weekend getaways from Sydney in 2026
Travel · Vacations

10 low-cost weekend getaways from Sydney in 2026

Explore 10 affordable weekend getaways from Sydney that offer the perfect mix of beaches, mountains, and countryside escapes. From Jervis Bay’s white sands to the Blue Mountains’ scenic trails, these destinations are ideal for quick, budget-friendly trips without compromising on experience, making them perfect for couples, families, and spontaneous travellers.

How to Start a Travel Agency in Australia in 2026: A Structured Guide
Travel

How to Start a Travel Agency in Australia in 2026: A Structured Guide

Australia’s travel industry in 2026 offers a low-barrier entry for new agencies, with no licensing requirement and startup costs as low as AUD 500. This guide outlines the legal setup, business structures, accreditation options, cost…

By Pooja Malik 1mo ago
Travel

How to Travel Australia on a Budget in 2026

Travelling across Australia doesn’t have to be expensive if you plan it right. This guide shows how to explore the country on a budget in 2026 without missing out on great experiences. From finding cheap flights and accommodation to saving on food, transport, and activities, discover practical tips to stretch your travel budget further. Whether you’re backpacking, road-tripping, or planning a short getaway, learn how to enjoy Australia’s top destinations while keeping your costs low and your experience unforgettable.

Travel

Best Places to Travel in Australia in 2026 by Season

Planning a trip across Australia in 2026? This guide highlights the best places to visit in each season, helping you make the most of your travel experience. From sunny beach destinations in summer to scenic road trips in autumn and snowy escapes in winter, discover where to go and when. Whether you’re after adventure, relaxation, or nature, this seasonal travel guide makes it easy to explore Australia at the right time while enjoying ideal weather, fewer crowds, and unforgettable experiences across the country.

real estate
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Best Suburbs to Invest in Sydney in 2026

Best Suburbs to Invest in Sydney in 2026

Looking for the best suburbs to invest in Sydney in 2026? This guide breaks down high-growth Western Sydney corridors, gentrifying middle-ring suburbs, and blue-chip coastal areas using the latest data from Cotality, SQM Research, and Domain. Whether your focus is capital growth or rental yield, understand where opportunities lie, and how to choose the right suburb based on your budget and strategy.

How Australian Real Estate Agencies Are Using AI to Cut Admin by 60%
Artificial Intelligence

How Australian Real Estate Agencies Are Using AI to Cut Admin by 60%

Australian real estate agencies are increasingly using AI to streamline operations and cut administrative workload by up to 60%. From automating property listings and client communications to managing documents and data, AI tools are helping agents save time and focus on closing deals. This guide explores how automation is transforming the real estate industry, improving efficiency, reducing costs, and enhancing customer experience. Discover the key AI solutions being adopted and how agencies can stay competitive in a fast-changing digital landscape.

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