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Former Prime Minister Malcolm Turnbull says that Australia must set more ambitious climate targets to retain international credibility, trade relations and climate protection. “Australia really has to get on board,” said Mr Turnbull at the AFR energy and climate summit on Tuesday. “If we don’t we will pay a heavy price for this, believe me, […]
More than 50 per cent of Australians intend to travel in the next six months, says Tourism Australia. Australia’s tourism industry, which employs 5 per cent of Australia’s workforce, has experienced a tough year, impacted by bushfires, the pandemic and interstate and national border closures. However, industry experts have observed a growing Australian sentiment towards […]
One of Australia’s largest construction companies, Grocon, has gone into administration, leaving subcontractors at risk of unpaid contracts. Grocon is known for developments such as Melbourne’s casino, Eureka Tower and the Rialto Towers. Grocon’s chief executive, Daniel Grollo, blamed its administration on Infrastructure NSW for its handling of the Central Barangaroo project. “It is unfortunate […]
Australia’s burgeoning space industry has the potential to unlock a raft of economic opportunities. However the industry’s success depends on the Government’s willingness to look beyond university-led research and recognise the crucial role that businesses play in driving innovation. When Adam Gilmour, Co-founder and CEO of Gilmour Space, first set out to grow Australia’s domestic […]
Australia businesses should prepare to take at least two decades to build new opportunities in the Asian market, says RBA governor Dr Philip Lowe. On Wednesday, Dr Lowe addressed the Australian Strategic Forum, noting that Australia is in a fantastic location in the world, closest to some of the fastest-growing regions. “[Australia’s relations with India […]
As the world continues to shift in a “green direction” and Australia heads towards a target of net-zero emissions, it is becoming increasingly important for SMEs to be looking to renewable energy sources to power their businesses. Currently, only 46 per cent of all Australian businesses are using renewable energy, and of those users, two-thirds […]
On Monday, the CSIRO’s Data61 and the Australian Trade and Investment Commission (Austrade) released a report Global trade and investment megatrends detailing the five megatrends that will reshape global trade and investment during and post-COVID-19. A megatrend is “a deep-set trajectory of change occurring at the intersection of multiple trends and drivers.” The five megatrends […]
Thousands of businesses may be entitled to insurance payments after the NSW Court of Appeal held that COVID-19 related losses are not excluded under certain insurance policies’ business interruption clauses. The NSW Court of Appeal’s decision on Wednesday involved insurer HDI and one of its businesses, however the findings have widespread implications for other insurers […]
As online shopping merges with entertainment and celebrity culture, retailers with a fun sales process will be the winners according to Maggie Zhou, Managing Director of Alibaba Group (Australia and NZ). Ms Zhou made this observation during Alibaba’s 11.11 Global Shopping Festival, which has been held on 11th November for the last 12 years. The 2020 event […]
Small businesses will have more opportunities to supply goods and services to the NSW government under the $5 mn tendering support service established under the 2020-21 NSW Budget. The NSW Small Business Commission will deliver a four-year program to support small and local businesses submit tenders and negotiate Government contracts. “The NSW Government spends more […]
Taking the plunge and starting your own business can be scary. However a good team and support network can make the process much smoother. Having the right roles and also the right people in those roles can determine the success of your business. This week we ask: what were the first roles you hired in […]
Business groups have voiced their support of the NSW Budget, saying the state is in a good position to create more jobs, improve tax and services and support the economy out of the coronavirus recession. The budget was presented on Monday by state Treasurer Dominic Perottet at NSW Parliament. It revealed a record $107.1 billion […]
Epic Games, the maker of one of the world’s most popular video games Fortnite, has brought its legal fight against Apple to Australian shores. Epic Games and Apple first became embroiled in a lawsuit in a US District Court on 13 August 2020. The claim filed in Australia’s Federal Court today concerns the same issue […]
The NSW Government today unveiled the 2020-21 landmark budget for the state, to enable a “strong recovery” out of the coronavirus recession. In an address presented by NSW Treasurer Dominic Perrottet at Parliament House in Sydney, the Treasurer said: “This Budget continues to support the industries that have made our regions so successful for so […]
The largest trade deal in history was signed on Sunday, with 15 countries including Australia agreeing to the pact, which covers 2.2 billion people and 30 per cent of the global economy. The agreement, the Regional Comprehensive Economic Partnership, or RCEP, which has taken eight years to negotiate, surpasses the Trans-Pacific Partnership (TPP) in scale, […]
Australian Federal and State Governments offer more than 1,000 grants and funding programs each year targeting different sectors and different types of activities from ‘cleaner tech’ to ‘accelerating commercialisation’. While grants can be a game-changer for your business the application process is often difficult and time-consuming (to say the least). In this article, we’ll discuss […]
Businesses are invited to join the first ever online “Jumping for Literacy Guinness World record attempt” on Thursday 19 November to support early childhood literacy. The event is run by United Way Australia (UWA), a charity aiming to improve early childhood outcomes and school-to-work transitions. “We know that 90 per cent of brain development occurs […]
The Audi RS E-Tron GT will be Audi’s first all-electric RS model and is set to grace roads in 2021. “The RS models are Audi’s sportiest and most emotive models with the most powerful engines, highest dynamics and greatest driving pleasure – and all this combined with absolute everyday usability,” says Julius Seebach, Managing Director […]
With the announcement of Joe Biden’s win over the US election earlier this week comes news from experts that Australian SMBs are likely to see more stability moving forward from a volatile period. However, while hopeful, many are also saying that it is impossible to predict how the market will shift moving forward, and therefore […]
Narelle Anderson is the Founder and Managing Director of Envirobank Recycling, an Indigenous-owned company that aims to incentivise bottle and can recycling. She has over 20 years of experience in recycling, having previously grown CBD Enviro Services twenty-fold before selling it to a public company. She is also a board member of the Australian Council […]
