Boxing Day sales boost economy
Treasurer Matt Kean said this year’s sales are expected to attract more people than last year with the Australian Retailers Association forecasting shoppers will spend $7.4 billion in NSW from today to mid-January. “The Boxing Day sales are an opportunity for people to bag a bargain but also to support local retailers, many of whom have…
Tesla launches 10,000th supercharger
Tesla launched its 10,000th supercharger in the Chinese mainland on Monday, the U.S. carmaker said. The supercharger is located under the Oriental Pearl Tower, a landmark building in Shanghai’s financial hub of Lujiazui. The company saw its 9,000th supercharger in the Chinese mainland put into operation in September this year in central China’s Hunan Province….
More freight on murray basin trains
Trains can now carry more freight through a key section of Victoria’s freight network thanks to track upgrades completed as part of the Murray Basin Rail Project. Freight capacity on the Ararat to Maryborough Line has increased to 21-tonne axle loading following the installation of new rail and extra ballast along the 88-kilometre section of track. Work…
China’s financial institutions’ assets up 10.1%
China’s financial institutions saw expanded balance sheets by the end of the third quarter (Q3) of 2022, official data showed. The country’s financial institutions saw their combined assets increase 10.1 percent year on year to 413.46 trillion yuan (about 59.23 trillion U.S. dollars) by the end of Q3, while their combined liabilities rose 10.3 percent…
ASIC issues infringement notice for greenwashing
ASIC has issued an infringement notice to superannuation trustee Diversa Trustees Limited (Diversa) in further action against alleged greenwashing. Diversa is the issuer of superannuation product Cruelty Free Super (CFS), as trustee for Professional Super, a sub-fund of the Tidswell Master Superannuation Plan. ASIC was concerned that statements on CFS’ website may have been false…
Endeavour revises acquisition of four hotels in South Australia
The ACCC will not oppose the proposed acquisitions of the Beach Hotel and Tower Hotel by Endeavour Group Limited (ASX:EDV), after accepting a court-enforceable undertaking offered by Endeavour to divest its BWS Seaford bottle shop. During the ACCC’s review, Endeavour revised its acquisition proposal and offered to divest the BWS Seaford bottle shop, in order…
Power To The People – SEC Up And Running
The Andrews Labor Government is driving down energy bills and emissions by reviving the State Electricity Commission (SEC) – delivering government-owned renewable energy to drive down power bills and put electricity back in the hands of Victorians. Minister for the State Electricity Commission Lily D’Ambrosio today announced the first steps to bringing back government-owned renewable…
Making it easier to buy Australian seafood
The Australian Government is taking steps to make it easier for Australian consumers to know where seafood products come from. Today, consultation on the proposed Country of Origin Labelling model for seafood in hospitality settings will open. Many consumers want to know where the food they buy comes from; in one survey, more than three-quarters…
State-wide builders panel established to deliver more social housing
Eighty-five building companies appointed to a new State-wide builders panel to expedite the supply of social housing across the State Businesses are now pre-approved to deliver social housing Delivers on McGowan Government commitment to cut red tape for small, medium and large companies, making it easier to do business with Government Housing Minister John Carey…
RFG to pay certain franchisees as ACCC settles legal action
The ACCC has accepted a court-enforceable undertaking from Retail Food Group Ltd (ASX: RFG) in which RFG, the operator of many well-known franchising brands, has agreed to make payments to and waive historical debts of a number of affected current and former franchisees, in relation to the purchase of certain corporate stores by these franchisees….
