RBA considered rate rise; Oil, gas surge after Red Sea attacks; WFH's new phase - The Australian Financial Review
RBA considered rate rise; Oil, gas surge after Red Sea attacks; WFH’s new phase
Shares hit a high; Trump not eligible; 2023 good and bad
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The Australian sharemarket inches closer to a record high; the Colorado Supreme Court disqualifies Donald Trump from the ballot, and Chanticleer’s take on the good, the bad and the ugly of a long year.
Making news
ASX hits 10-month high; $A advances; KMD tumbles 10pc
The ASX rose 0.6 per cent to 7535.5 near midday, buoyed by the energy and materials sectors. Woodside rallied 0.9 per cent. Follow updates here.
Trump not eligible for presidency, state court rules
The Colorado Supreme court ruled that Trump is ineligible under the Constitution’s insurrection clause, setting up a likely Supreme Court showdown. Follow updates here.
Samuel’s big four fix: ban firms consulting to audit clients
Former competition watchdog Graeme Samuel also said ASIC should resume naming and shaming firms with poor audit quality.
Koko Black and Subway ‘gaming the system’ in penalty rate deals: union
Luxury chocolatier Koko Black and Subway franchisees have been accused of trying to shortchange hundreds of workers by using legal loopholes that erode minimum rates.
Global investors pile into $450m forestry and ag raising
The CEFC has put $75m into a new forestry and landscape fund that intends to generate a chunk of its return from carbon and renewable energy.
Ex Goldman, Rothschild MD leads raise for logistics tech start-up
Sources said David Acton’s Yarra Private Capital Discovery Fund led the round alongside existing investors King River Capital and Jungle Ventures.
Around the world
Colorado Supreme Court disqualifies Trump from holding office
The ruling makes Donlad Trump the first presidential candidate in US history to be deemed ineligible for the White House under a rarely used provision of the US Constitution.
West warns Houthis as US looks to expand Red Sea force
A surge in its harassment of merchant shipping in the Red Sea by the Houthi militant group has driven a rise in oil prices and raised concerns about global trade.
US guarantees Australian AUKUS submarine sovereignty
The US committees key to the passing of AUKUS laws say the US will hand over full control of submarines sold to Australia under the recently approved arrangements.
Building industry payments firm shelves Aussie ambitions
ProjectPay founder Louise Stewart has won a British grant to get her start-up off the ground there, having felt stymied by the political culture in Australia.
Matter of opinion
The good, bad and ugly of business in 2023
Big deals, dud deals, scandals and success stories. In a year of high drama and big market moves, we look back at the winners and losers.
Albanese is running Australia like a low-energy state premier
Labor would be foolish to blame their poll slide solely on interest rates. Their problem is their model of governance belongs in the cheap-money era, write Tim Wilson and Jason Falinski.
Business life
Why a $15 bottle rates in wine snobs’ top picks
What the experts would buy for $15, $30, $50 and $100.
Wonka’ is a banquet for Timothée Chalamet fans
Director Paul King and script-writer Simon Farnaby have produced a prequel to ‘Charlie And The Chocolate Factory’ that imagines an origin story for Willy Wonka.
Athens hits the sweet spot but aims bigger
The Greek capital has rebounded from last decade’s dark economic times. Now a $13bn project hopes to cement its status as Europe’s next big thing.
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Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”