Australia inks trade deals with Britain to keep goods exports flowing post-Brexit

Australia inks trade deals with Britain to keep goods exports flowing post-Brexit

The goods can thus be tested in-country before export, rather than being shipped first and then tested and certified at much greater cost in the receiving country. This streamlines export processes, and prevents certification and approval processes from becoming a kind of "behind the border" non-tariff barrier. "This agreement will help give UK and Australian…
Afterpay shows Millennials the new force in markets

Afterpay shows Millennials the new force in markets

The financial power of Millennials and their potential to influence the governance of multinational corporations was brought home this week by Larry Fink, the chairman and CEO of BlackRock, the world's largest investment manager with $US6.28 trillion ($8.7 trillion) in assets under management. In his annual letter to the CEOs of the world's largest companies,…
Tesla to cut 7pc of jobs to lower Model 3 costs, shares tumble

Tesla to cut 7pc of jobs to lower Model 3 costs, shares tumble

Tesla had about 45,000 workers in 2018, so the 7 per cent cut works out to about 3,150 jobs lost. The company will also see a significant increase in competition for electric cars as traditional manufacturers have started to roll out an array of products that will be measured against its pioneering lineup. Shortly after…
Melanoma blazes treatment trail

Melanoma blazes treatment trail

These patients are sent for surgery but afterwards, the disease unfortunately returns in 20 to 70 per cent of cases, progressing them to stage IV. The treatments, however, can prevent this progression in half of them, reducing the risk to 10 to 35 per cent. While Menzies, from the Melanoma Institute Australia and The University…
Articulate heroes: why books of lyrics are popular

Articulate heroes: why books of lyrics are popular

Before fame, Tennant was an editor for Marvel Comics and Smash Hits, where, he continues, he learnt about "editing text to make it clearer and more focused … I could apply this to song lyrics and the songwriting process as a whole". This approach sounds oddly unromantic, and the mood it creates affects the lyrics…
Treasury warning on loan defaults if unemployment rises

Treasury warning on loan defaults if unemployment rises

"The bottom line is that households will likely continue to service debt unless unemployment prevents them from doing so." The brief said increased bank capital since the global financial crisis had improved the resilience of the financial system. "In addition, not withstanding the range of issues that have been raised about banks' lending standards by…
ASX extends two-month high despite cautious tone

ASX extends two-month high despite cautious tone

ANZ led the market this week, rising 3.3 per cent to $26.07, Commonwealth Bank climbed 2.2 per cent to $73.23, Westpac lifted 2.1 per cent to $26.15 and NAB advanced 1.4 per cent to $24.89. Macquarie Group closed the week 4.4 per cent higher at $118.20, Suncorp Group edged 5.7 per cent higher to $12.90…
Netflix price rises likely to extend to Australia

Netflix price rises likely to extend to Australia

Netflix subscriptions start at $9.99 a month in Australia, tied with $10 a month for its local competitor Stan, which is owned by Nine, publisher of AFR Weekend. A basic Foxtel subscription costs $26 a month. Consistent growth Scott Lorson, chief executive of pay television provider Fetch TV, said Netflix's "clear and consistent growth" on…
Harry Potter and the Cursed Child lures first-time theatre patrons

Harry Potter and the Cursed Child lures first-time theatre patrons

"The average theatre-goer is 55-plus. That demographic – the 25-year-old – is almost impossible to get into theatre, but that is our main audience," says Friedman. The story of Harry Potter and the Cursed Child picks up where the book and movie franchise left off, as Harry comes to terms with fatherhood 19 years later.…
Australian Open: Andre Agassi unconcerned about share market volatility

Australian Open: Andre Agassi unconcerned about share market volatility

"We started with a philanthropic school in the poorest neighbourhood in Las Vegas and then figured out an out-of-the-box private sector solution for a huge, daunting societal issue, which is scaling the best in class charter schools across the country." A charter school operates independently of the state school system, doesn't charge for tuition and…

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