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WISETECH GLOBAL
Global Markets | Banks, tech weigh down Australian shares; Gulf war keeps energy stocks upAustralian shares declined on Monday. Banks and technology stocks led the fall. High energy prices fueled inflation worries. Investors redu...- Threat to large IT firms 'overblown', Cognizant's AI chief says amid Anthropic-driven disruptionCognizant, which generates about 30% of its code through AI and aims to reach 50%, is not worried about automation eliminating entry-level...
- Australia union seeks urgent talks with WiseTech over AI‑driven job cutsAn Australian trade union has sought an urgent meeting with WiseTech Global after the software firm announced it would cut about 2,000 jobs...
- Australia's WiseTech Global plans 2,000 job cuts amid AI overhaulAustralian software logistics firm WiseTech Global on Wednesday said it would lay off about 2,000 people over the next two years, as it...
- WiseTech Global to cut 2,000 jobs in sweeping AI-driven restructuring, marking one of Australia’s largest automation-led workforce reductionsWiseTech Global is set to reduce its workforce by up to 2,000 employees. This significant job cut, nearly a third of its global staff, is p...
- S&P/ASX 200 kicks off new week with gains as tech and health stocks boost Australian shares; check top gainers-losers and best performing sectorsAustralian shares began the week with a modest rise on Monday, with the S&P/ASX 200 gaining 0.22%. Technology and healthcare stocks led the...
- Australian Stock Market begins week on a high: ASX 200 edges up, Nick Scali Limited advances, WiseTech drops; check top gainers, losers and how other key indices performedThe Australian stock market opened the week on a high note. The S&P/ASX 200 index gained points, reaching a new 20-day peak. Nick Scali Lim...
- Australia's WiseTech to cut some jobs in AI-driven efficiency pushWiseTech, known for its flagship CargoWise platform, has a team of around 3,500 people across 38 countries, as of June 30, 2024, according ...
- Australia's WiseTech agrees to buy E2open for $2.1 billionThe acquisition would significantly enhance WiseTech's software capabilities, adding solutions in supply chain planning, procurement, trade...
- Australia's WiseTech sinks after directors step down over differing views on founder's roleThe company had appointed finance chief Andrew Cartledge to serve as the interim CEO during the transition. The 69-year-old White returned ...
- Australia's WiseTech CEO steps down after court settlementWhite, the founder and biggest shareholder of the logistics software maker, will transition to a long-term consulting role, the company sai...
- WiseTech Global's board to examine payments to CEO's former partnerThe Australian Financial Review and other media outlets reported that a woman who had a sexual relationship with the billionaire chief made...
- Australian shares fall as consumer, tech losses outweigh commodity gainsAustralian shares closed slightly lower on Wednesday as the technology and consumer stocks declined. Energy and mining stocks outperformed,...
- Aussie logistics software maker WiseTech hits all-time high on stellar outlookWiseTech Global's shares soared as much as 21.8% to their all-time high of A$114.990, and was among the top three gainers in the ASX 200 be...
- Australian shares hit record high as banks and miners gainAustralian stocks hit record highs, driven by banks, miners, and healthcare. S&P/ASX 200 rose 0.9%. BHP, Rio Tinto, Woodside Energy, CSL, a...
- Australian shares hit 1-month low on tech sell-offThe S&P/ASX 200 closed 1% lower at 7,332.50 in its second straight session of fall, with tech stocks shedding 2.6% to hit their lowest in n...
- Gold, banking stocks drive Australian shares up as Omicron worries easeThe S&P/ASX 200 index rose 0.3% to 7,387.6 points, closing in the green for a third consecutive day. The benchmark had gained 0.1% on Wedne...
- Australia shares close higher as miners rally, tech index touches record highThe tech sub-index leaped 1.9% after notching a record high earlier in the session even as the heavyweight buy now, pay later firm Afterpay...
- Australian shares end higher as RBA minutes, lower virus cases lift moodThe S&P/ASX 200 index ended 0.8% higher at 6,123.40, following a 0.8% slide on Monday.
- Australia shares end higher on broad-based gains, NZ up over 1%The S&P/ASX 200 index closed 0.6 per cent higher at 7,055.3.
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