Huawei warns that global partnerships are under threat
Chinese tech company Huawei may not have expected to find itself embroiled in a proxy battle over geopolitical infringements. It has maintained its independence from the Chinese state amid accusations that the economic superpower could take control of the company. Such reasoning has led Australia and the UK to pull out of deals to allow…
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…
Strong bank earnings lift US stocks amid shutdown angst
Strong bank earnings lifted Wall Street Wednesday even as worries about the economic hit from an ongoing US government shutdown limited gains. The Dow Jones Industrial Average led the major indices, closing the day with a gain of 0.6 percent to 24,207.16.The broad-based S&P 500 advanced 0.2 percent to end the session at 2,616.10, and the…
Carmaker Rolls-Royce backs UK after record year
Rolls-Royce Motor Cars ‘belongs to Britain,’ its chief executive said Thursday amid growing concerns over the possible impact of a no-deal Brexit on the economy. German-owned Rolls-Royce sold a record-high number of luxury vehicles last year, with purchases soaring worldwide, it announced.‘2018 was a most successful, record-breaking year for Rolls-Royce,’ said its chief executive Torsten Mueller-Oetvoes.‘We…
Key indicators from the Australian economy in 2018
There is little doubt that 2018 was a year of ups and downs in many sectors as worldwide volatility attempted to undermine what could otherwise have been a year of gains in certain areas. With China and the US looking unstable in completely different ways, house prices falling in Australia and consumer confidence at a…
Canadian judge grants bail to Huawei exec
A Canadian judge granted bail Tuesday to a top Huawei executive after her arrest on a US warrant, in a case that has frayed relations between the North American allies and China.Meng Wanzhou, Huawei’s chief financial officer, is wanted by US authorities for violating Iran sanctions but Beijing has expressed outrage over her detention and…
Brickworks lays new foundations in the US
Brickworks says it has laid the first paver in its ‘inevitable’ overseas expansion with the $151 million purchase of American brickmaker, Glen-Gery. Australia’s largest brick manufacturer announced on Friday it was putting its year-long international strategy into action with the acquisition of fourth biggest player in the $2.2 billion US brick industry, with the deal…
Aust market suffers broad-based losses
The Australian share market has lost more than one and a half per cent for the second consecutive day with commodity-related stocks suffering heavy losses on plunging oil prices. The benchmark S&P/ASX200 index closed 101.4 points lower, or 1.74 per cent, at 5732.8 on Wednesday, while the broader All Ordinaries was down 1.69 per cent….
CommSec Daily Report Monday
Latest NewsIt has been a softer start to the week for the Aussie share market following a run of six straight gains. The ASX 200 is giving back 17 points or 0.3% to 5831 after a 3.25% rallylast week.It was a weak lead from Wall Street after stronger than expected US employment figures gave rise…
Medical crowdfunding raises millions for dubious cures
Online appeals to help sick people by raising money for unfounded and sometimes dangerous treatments and purported cures bring in millions of dollars each year, researchers warned Tuesday.The study in the Journal of the American Medical Association (JAMA) looked at crowdfunding activity from 2015 to 2017 and ‘identified more than 1,000 campaigns that raised nearly…
