Winners in the dining boom
Stories about the so-called “dining boom” mostly focus on Australia’s potential to export more fruit, vegetables and meat to Asia. Exporting seafood to emerging markets gets less attention from stockmarket investors, even though fish is a key part of Asian diets. Unlike most developed countries, Australia exports a large proportion of its seafood. Asia consumes…
Chinese carmakers show goods in Geneva as sales tank at home
Chinese carmakers have flocked to this year’s Geneva International Motor Show, eager to present new electric models to a global crowd as traditional car sales slip at home.Europe’s biggest annual car show, which opens to the public on Thursday, has typically been a showcase for luxury cars from historic manufacturers, but this year new Chinese…
AustralianSuper pushing companies to reduce carbon emissions
AustralianSuper, the biggest super fund in the country, worth some $140billion worth of investments, is slowly establishing itself as one of the leading voices for climate action as it calls on some of the companies with the dirtiest polluting habits to begin faster diversification. With climate change becoming one of the hottest topics when it comes to…
FBI has dozens of probes into Chinese economic spying
The FBI is investigating Chinese economic espionage in nearly all of its 56 field offices around the country, underscoring the depth of the threat to US business, Director Christopher Wray told Congress Tuesday.‘China writ large is the most significant counterintelligence threat we face,’ Wray told the Senate Intelligence Committee in a hearing on foreign threats.‘We…
Polly Waffle chocolate bar to return
The iconic Polly Waffle chocolate bar will return to Australian supermarket shelves, after the brand was acquired by a South Australian confectionary company. Robern Menz, the company that last year revived the Violet Crumble, will take ownership of the brand, trademark and famous recipe under an agreement with food production giant Nestle. The Polly Waffle…
Former Bonds man is new Super Retail CEO
Shares in Supercheap Auto and Rebel owner Super Retail Group are higher after the company shored up a leadership gap with the promotion of its outdoor retail manager to chief executive. Anthony Heraghty, currently in charge of the company’s Boating, Camping and Fishing, Rays, and Macpac brands, will replacing the retiring Peter Birtles at the…
Airbus boosts US footprint with new A220 plant in Alabama
European aircraft manufacturer Airbus on Wednesday broke ground on its second assembly line in the southern US state of Alabama, where it plans to build its small A220 jets, as it seeks to swipe market share from rival Boeing.‘We continue to grow,’ Airbus Americas CEO Jeff Knittel said at the ceremony in Mobile, where the…
Trump flags changes to skilled work visas
President Donald Trump says he is planning changes to the visas issued temporarily to highly educated immigrants so they can work in specialty occupations, including citizenship. He flagged the changes to the H-1B visas would create simplicity, certainty and a possibility that the workers could become US citizens. ‘H1-B holders in the United States can…
Power ruling to keep a lid on SA prices
A ruling on reliability standards for South Australia’s electricity network will help keep a lid on power prices, the state’s peak welfare agency says. The Essential Services Commission of South Australia says SA Power Networks can spend about $37 million from 2020 to 2025 to ensure the reliability of its network, similar to the amount…
RBA strikes dovish tone in Dec minutes
The RBA stuck to its growth forecasts when it held the cash rate at a record low 1.5 per cent at its most recent board meeting, but a reassessment looks even more likely after the December minutes showed members worrying over tightening credit and sluggish consumption. The minutes released Tuesday said Reserve Bank board members…
