Marketplace Brings More Opportunity For Tech Businesses
The Andrews Labor Government is streamlining tech procurement to make it easier for small and medium-sized businesses and non-government organisations to work with government. Minister for Government Services Danny Pearson today announced a request for tender to source a vendor responsible for managing, maintaining and enhancing a new Digital Victoria Marketplace. The Digital Marketplace will…
ESG ratings may be too simplistic
The decision to remove Tesla from the S&P 500 ESG index earlier this year struck an odd note to many. Its products have been a catalyst in electrifying transport. Yet it was excluded due to its shakier record on labour rights, the greening of its production facilities, and issues with its battery supply chains. These…
Water conservation projects on the rise
China’s investment in water conservancy projects during the past 10 years was five times as much as that in the previous decade, a water management official said Tuesday. Completed investment in water conservancy projects reached 6.66 trillion yuan (about 966 billion U.S. dollars) in the past decade, said Zhang Xiangwei, an official with the Ministry…
ASIC places interim stop orders
ASIC has placed interim stop orders on the offer and distribution of two managed funds directly to retail investors in response to deficiencies in the funds’ target market determinations (TMD). The funds are: the Australian Residential Property Fund; the Private Property Trust No. 20. The orders stop the responsible entities of the funds from issuing…
CommSec morning report Wednesday
In US economic data, the consumer price index (CPI) rose by 0.1% in August (survey: -0.1%) and was up 8.3% over the year (survey: +8.1%). The core CPI (ex-food and energy) lifted 0.6% in August (survey: +0.3%) to be up 6.3% over the year (survey: +6.1%). The NFIB small business optimism index rose from 89.9…
Evening report Tuesday
The Australian sharemarket lifted for a fourth straight day, its longest winning streak in around a month, with the ASX 200 rising by 45.2 points or 0.65 per cent, to 7009.7. Nine (of 11) sectors and 163 (of 200) stocks finished in positive territory. Mining and Energy sectors rose by 0.5 per cent and 1…
Dividend report: Over $42 billion to be paid
Company Reporting Season Since early August, S&P/ASX 200 listed companies with June or December reporting dates have been paying out dividends to shareholders. In fact from August 29 to September 9, around $2.3 billion has been paid out. (Actually going back further, from July 1 to August 29 around $8.3 billion was paid out as…
Qantas, the trying kangaroo
Unlike many airlines, Australia’s flag carrier Qantas has survived the pandemic. But its return to normal service – and profitability – is proving to be a bumpy ride. It could well get worse before it gets better. As domestic and international travel picks up, the airline is struggling to keep up – having laid off…
Shanghai sees robust foreign trade growth
Shanghai’s foreign trade maintained double-digit year-on-year growth in July and August, with the total volume in the first eight months of 2022 achieving positive growth, according to the local customs. Shanghai’s total foreign trade volume from January to August reached 2.7 trillion yuan (about 390 billion U.S. dollars), up 4.8 percent from the same period…
Restart the nukes
The rise of cheap solar cells and scaled wind turbine production displaced new nuclear on price. The Fukushima disaster caused many countries to re-evaluate their existing relationship with nuclear. Hostilities on the European continent have caused countries to shore up their energy mix and nuclear is now returning to vogue – what are the easiest…
