Many conservatives fret over Trump’s war on tech giants
President Donald Trump’s simmering war against Silicon Valley is raising concerns, notably among conservatives, about a politically motivated crackdown on tech firms that could damage free speech protections. The attacks from the White House coincide with a Justice Department announcement that it would convene talks on whether social media firms are ‘stifling’ speech or harming…
Eurozone backs Spain’s De Guindos for ECB top job
Eurozone finance ministers backed their Spanish peer Luis De Guindos for the vice-presidency of the European Central Bank on Monday after his only rival pulled out. The choice by the single currency bloc’s finance ministers was widely expected and came despite the reticence of European lawmakers to see a politician take over as number two…
Our Reliance On Housing Wealth Is Risky
By Wealth Foundations Australia’s median wealth per adult at USD194,000 is the highest in the world, according to the Credit Suisse Global Wealth Report 2012. Average wealth per adult, at USD355,000, is second only to Switzerland. It wasn’t that long ago, in fact the late 1990’s, that Australia was seen as a potential laggard in…
Aussie market tipped to open higher
The Australian share market is tipped to open higher this week, taking strong leads from Wall Street amid growing optimism US-China trade tensions are beginning to ease. Both US and European markets closed higher last week, with soft US economic data being outweighed by indications President Trump and his Chinese counterpart are making progress in…
Germany to let NATO use its cyber skills
Germany is to join the ranks of NATO countries making its cyber warfare skills available to the alliance to help fight hacking and electronic warfare, officials said on Thursday.NATO has designated cyberspace as a conflict domain alongside land, sea and air and says electronic attacks by the likes of Russia and China – but also…
Nissan faces SEC probe over executive pay
The US Securities and Exchange Commission is investigating Nissan over executive pay, the firm said Monday, the latest blow for the auto giant reeling from the arrest of former chairman Carlos Ghosn over alleged financial misconduct.‘I can confirm that we have received an inquiry from the SEC, and are cooperating fully,’ said Nissan spokesman Nicholas…
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,…
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…
