The tensions between the US Federal Reserve Board’s monetary policy settings and financial market expectations have been left unresolved by Wednesday’s Open Market Committee meeting. If anything, they’ve been heightened by a trickle of defections from the committee’s still ultra-dovish majority.The Fed, as expected, left US official interest rates on hold and, via a solid […]
After working as an executive assistant in the corporate world for seven years, Samantha Wells took a pay cut and started an apprenticeship to become an electrician.Now aged 33 and two years into her trade apprenticeship, Samantha is running cables through walls to connect the internet, speakers and audiovisual equipment on a redevelopment site in […]
Parramatta in Sydney’s west has long-defied the volatile national office market and remains the tightest-held of all the major centres despite the impact of the global pandemic that forced workers to stay at home.Although there are close to $6 billion worth of developments coming out of the ground, most of the skyscrapers are pre-leased which […]
Grocery giant Coles has unveiled a new upmarket supermarket offering, featuring an in-store food court, on-demand vegetable chopping and a swathe of sustainability initiatives as the retailer said it is aiming to cut its carbon emissions 75 per cent by 2030, stepping up its targets.Located in the Melbourne suburb of Moonee Ponds, the site is […]
Australia’s uptake of household battery systems increased 20 per cent last year despite the economic downturn, in the latest sign that the transition away from fossil fuels in favour of renewable energy is gathering speed.Defying predictions of a pandemic-led slump, installers have reported 31,000 new batteries across Australia for 2020, taking the nation’s total number […]
A Brisbane startup says it can make the active ingredients for the new generation of mRNA vaccines in Australia, but more government funding and training support are critical to produce these products at scale.Messenger-RNA vaccines are now world-renowned for leading the fight against COVID-19. However, Australia has been forced to import products that use these […]
One-fifth of JobKeeper payments made to major listed companies in the second half of 2020 went to firms who grew their profits during the pandemic, sparking fresh concerns the $83 billion scheme has been abused by parts of corporate Australia.Fresh analysis from corporate governance advisory firm Ownership Matters has shown 66 of the ASX’s top […]
Volt Bank is betting fintechs, retailers, and real estate agents will be keen to offer banking services to their customers, using the neobank’s banking license and infrastructure.The digital bank on Wednesday unveiled the next leg of its strategy, saying it would accelerate plans to offer “banking as a service” to corporate clients that were looking […]
Internet giant Amazon Australia has moved closer to even greater domination in the local retail sector with the largest fulfilment centre in the southern hemisphere – the size of 24 rugby league fields – at the $150 million Goodman industrial estate in Sydney’s west.It will be the first robotics-automated centre, covering 200,000 square metres over […]
Have you thought about buying commercial property but been swayed by the perceived higher risk or the misconception that only wealthy investors can afford it? While it may seem daunting to step into the commercial property market, it’s not out of reach – you just need to dig a little deeper into your research. Arming yourself with […]