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Australia share markets up to start eventful week

Australia share markets up to start eventful week

Australia’s share market was slightly higher to start an eventful week which includes an expected rate cut and US election results. The S&P/ASX200 benchmark index was higher by 16.2 points, or 0.27 per cent, to 5943.8 at 1200 AEDT on Monday. The All Ordinaries was up 8.7 points, or 0.14 per cent, to 6141.9. Utilities...

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Ant Group raises $34 billion in world’s largest IPO

Ant Group raises $34 billion in world’s largest IPO

Jack Ma’s Ant Group has just pulled off the biggest share sale in history, marking a huge win for the Chinese tech champion and the country’s stock market. The tech company behind China’s largest online payments platform priced its dual listing on the Hong Kong Stock Exchange and Shanghai’s Star Market at 80 Hong Kong...

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Local pollsters launch Australian Polling Council

Local pollsters launch Australian Polling Council

Australia’s leading public opinion research companies have come together and announced on Monday the launch of the Australian Polling Council (APC) with the aim of advancing the quality and understanding of public opinion polling in the country. The founding members of the Australian Polling Council Limited are: YouGov Galaxy Pty Ltd, The Essential Research and...

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Aussies’ cash use drop during pandemic. But why the concern for a ‘cashless society’?

Aussies’ cash use drop during pandemic. But why the concern for a ‘cashless society’?

The number of Australians using physical cash to pay for goods and services plummeted during the COVID-19 pandemic, but experts believe the country is not quite ready for a completely cashless society. Alan Shields, Chief Operating Officer at business intelligence firm RFi Group, said they had seen a crash in the rate of cash usage...

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Pandemic aside, government spending needs to increase by at least 7 per cent of GDP

Pandemic aside, government spending needs to increase by at least 7 per cent of GDP

Dr Marc Robinson, an Australian, Swiss-based international authority on government finances documents how and why advanced nations are headed for a new era of bigger government during the pandemic in his latest book, Bigger Government. A member of the OECD Advisory Panel on Budgeting and Public Expenditures and former staff economist at the International Monetary...

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Victoria benefits from Providence’s plans to a sustainable power future

Victoria benefits from Providence’s plans to a sustainable power future

Victoria is the latest state to benefit from an ambitious solar farm roll-out by Providence Asset Group and follows last month’s announcement of plans for 28 solar farms across NSW, incorporating ground-breaking hydrogen storage technology that will be a first for Australian solar projects. A leading Australian Environmental, Social and Governance investor in renewable and...

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Post-COVID: All Eyes on Manufacturing to Boost Local Economy

Post-COVID: All Eyes on Manufacturing to Boost Local Economy

No-one can deny that the pandemic caught us all by surprise. Our economy, along with the rest of the world, is still riding the shockwaves. But the manufacturing industry was languishing in the doldrums way before COVID. So is this the shakeup needed that will, at last, re-ignite the sector? Following much-needed government intervention, manufacturing...