All news>News

Tesla battery manufacturer suspends its cobalt supply chain

The manufacturer of Tesla’s battery, Panasonic, has suspended its supply chain with a Canadian supplier that allegedly sourced cobalt from Cuba, which is currently under US economic sanctions. Panasonic said in a statement that it was not able to effectively determine precisely how much of the cobalt in its supply chain had come from Cuba,…

Australia sees renewable surge with 2 million solar-powered homes

Australia appears to be taking up the mantle when it comes to the threat of climate change, as the nation now has 2 million homes powered by solar. This landmark adds to the growing confidence in the renewable sector that Australia is trying to develop off the back of its well-suited natural surroundings. The country…

BHP Billiton settles tax dispute with Australian tax office

Mining giant BHP Billiton has admitted defeat in a long-running tax standoff with Australian authorities over a ruling that it owed money over a 15-year span for its dealings in Singapore. The dispute centered around whether BHP had to pay taxes on a subsidiary based in the city state of Singapore, given that its account…

Australian government bans foreign interns amid espionage fears

Foreign university students are no longer able to serve as interns in the offices of Australian Members of Parliament as fears of espionage grow. The Australian National University arranges internships in Canberra, which it accepts as credit toward its courses. However, recent complaints about the level of access enjoyed by Chinese students has resulted in…

Labor warned over dividend reform policy

The Australian Labor Party may be slightly out in front when it comes to the polls, but its fiscal policies are going to get a rigorous public airing. Labor’s negative gearing reforms faced criticism from many sides of the political sphere but did receive some strong backing from other sectors. Next on the list is…

Australian government clarifies Pacific fund

As another Asia-Pacific Economic Cooperation (APEC) forum concluded, representatives from different nations posed many more questions than they received answers to. Two of the main lines of talks centered around China and how its relationships with both the US and Australia will affect the future of the Pacific. The trade war between the US and…

Big banks drag Aust market lower

The Australian share market has closed lower as the battle between the Turnbull government and the big banks over a proposed $6.2 billion levy on Australia’s five biggest financial institutions continues to weigh upon investor sentiment towards the financial sector. At 1615 AEST, the benchmark S&P/ASX200 was down 64.5 points, or 1.1 per cent, at…

Hong Kong set to adopt Open Banking

Hong Kong is set to be one of the first countries to fully embrace Open Banking. A survey by Accenture found that the concept is much more appealing to those in the autonomous region than it is to some of the major Western countries that have tried to introduce it. There have been talks about…

75% of Australian homes sold for less than purchased

Startling new figures from property data specialists Corelogic revealed that a whopping three-quarters of all Australian homes lost their value in the three months leading to October 2018. The figures showed that these homes sold for less than their purchase price. The Australian housing market has been in an overall decline for some time, but…

Wages still ahead of prices

Wages still ahead of prices; Used cars in vogueWage price index; Consumer confidence; Lending financeWage growth: The wage price index rose by 0.5 per cent in the March quarter to be up 1.9 per cent over theyear. Annual underlying inflation remains below wages at 1.7 per cent.Consumer confidence: The Westpac/Melbourne Institute survey of consumer sentiment…