Australian Financial Review
Coverage of Australian Financial Review in the Nexus archive.
- ANZ, NAB Among Banks Funding Blackstone HSBC Book Buy, AFR Says
ANZ Group Holdings Ltd. and National Australia Bank Ltd. are among lenders funding Blackstone Inc.'s A$36 billion purchase of HSBC Holdings Plc's Australian retail loan portfolio, according to a report by the Australian Financial Review citing unnamed sources.
- Blackstone Unit to Buy HSBC’s Australian Loan Book, AFR Says
Blackstone Inc.'s private credit division is set to acquire HSBC Holdings Plc's A$30 billion-plus Australian loan book, according to the Australian Financial Review. The transaction involves the purchase of a significant portion of HSBC's Australian assets.
- ‘Your craft is obsolete’: WiseTech staff in limbo as AI touted as better than humans
WiseTech is cutting 2,000 jobs due to advances in AI, with staff waiting almost three months to hear if they're among those laid off. The company's founder claims an AI agent can learn a human's job in just 15 minutes. Workers are criticizing the wait as stressful and 'ridiculous'.
- ‘Your craft is obsolete’: WiseTech staff in limbo as AI touted as better than humans
WiseTech is cutting 2,000 jobs due to advances in AI, with staff waiting almost three months to hear if they will be affected. The company's founder claims an AI agent can learn a human's job in just 15 minutes. Workers are criticizing the wait as stressful and ridiculous.