Aussie startup scene needs more commitment and less conversation

There’s a difference between interest and commitment, said Bill Bartee, co-founder of venture capital firm Blackbird Ventures. “If we’re really going to succeed, there has to be a real, real commitment” By Ariel... Read more »
Joe Hockey's former home in the salubrious suburb of Forrest has been eventually sold for $1.515 following negotiations

Former treasurer Joe Hockey sold his Canberra home for $1.5 million

Former treasurer Joe Hockey has sold his Canberra home for $1.515 million — making a profit of more than $1 million. The heritage-listed home went to auction Saturday, drawing a large crowd... Read more »

Tourists cut back on Europe trips after Brussels Bombings

Brussels terror attack has altered perceptions of the continent’s safety The impact of the Brussels terror onslaught was immediate. Within days, occupancy rates at some hotels in the city plunged to just... Read more »
Singapore is world’s most expensive city for third year in a row, says EIU report

Singapore is world’s most expensive city: EIU report

Singapore is world’s most expensive city for third year in a row, says EIU report For the third year running, Singapore is the world’s most expensive city in the world, though Zurich... Read more »
Dami Im is Australia's 2016 contestant in European music contest

Dami Im is Australia’s 2016 contestant in European music contest

Korean-Australian singer Dami Im will represent Australia at Eurovision 2016 in Stockholm. She would become the third Australian singer, after Jess Mauboy and Guy Sebastian, to grace the Eurovision stage. The confirmation... Read more »

Bill Gates top Forbes 2016 billionaires list

Microsoft co-founder Bill Gates is still ranked the world’s richest person with an estimated net worth of $75 billion, $4.2 billion less than last year, according to Forbes magazine’s 2016 list of... Read more »
Johnson & Johnson to pay $72m for cancer death linked to baby powder

Johnson & Johnson to pay $72m for cancer death linked to baby powder

Jury in Missouri orders pharmaceutical company to pay damages to family of deceased woman who claimed talcum powder caused her cancer Johnson & Johnson was ordered by a Missouri state jury to... Read more »
Together, China and the US account for nearly half of the billionaires on the planet. Beijing, for the first time, has taken over New York to become the world capital of billionaires with 100 live there.

China has more billionaires than US now

China edged out America on several fronts in a new report profiling the world’s wealthiest people. Beijing pushed New York into second place – 100 to 95 – when it took over this year’s... Read more »

Australia’s mortgage debt reaches $1.4 trillion

By Greg McKenna (for Business Insider) Australia’s love affair with mortgage debt continued to march ahead in 2015, according to the latest data from banking regulator APRA. APRA’s quarterly Authorised Deposit-taking Institution... Read more »
Jin Liqun, president of the Asian Infrastructure Investment Bank (AIIB), speaks at a press conference in Beijing, capital of China, Jan. 17, 2016. (Xinhua/Li Xin)

Newly-opened Asian Infrastructure Investment Bank to revamp Asian economies

The Asian Infrastructure Investment Bank is designed to revamp aging infrastructure in emerging Asian economies. The Chinese-led bank starts with 57 member states and a capital stock of $100 billion. BEIJING (China)... Read more »

Oil dives below $33 – the lowest in 11 years

Oil prices hit their lowest in over 11 years on Wednesday, as the row between Saudi Arabia and Iran was seen making any cooperation between major exporters to cut output even more... Read more »

5 suburbs to watch across Australia in 2016

New growth stars will emerge for the property market in 2016. Where will they be? By Terry Ryder (Property Observer) New growth stars will emerge in 2016. You’re most likely to find... Read more »

What economists are saying about Australia’s bumper GDP report

Australia’s GDP report shows the economy growing by a larger-than-expected 0.9% in the September quarter on the back of surging commodities exports and strengthening household consumption. Having had time to digest the... Read more »
Berlin is home to some of the world's top historical and cultural institutions, including the Topography of Terror, an exhibition on the site of the former Gestapo headquarters. Photo: Andrew McCathie

Australian entrepreneurs in Europe’s start-up capital

Start-ups are driving force in Berlin’s growing economy By Andrew McCathie in Berlin (for ABC) Australian-born Biunca Perera came to Berlin last year before starting to work with the online fashion group... Read more »
NSW

NSW Economy hits half a trillion dollar mark

NSW is the first half a trillion dollar state economy in Australia, with Treasurer Gladys Berejiklian welcoming the results of the ABS 2014-15 State Accounts. “This is the first time ever that... Read more »

Australian Dollar stronger but can the Labour Market data be trusted?

By Will Peters The Aus dollar outperformed the British pound over the past 48 hours thanks to data showing more jobs were created in Australia than many economists were expecting, but lingering... Read more »
Representatives of the Pacific Rim countries attend a press conference in Atlanta on Oct. 5, 2015. Photo: Kyodo/AP

Australia hails Trans-Pacific Partnership as ‘foundation stone for future prosperity’

Australian Prime Minister Malcolm Turnbull has hailed the Trans-Pacific Partnership deal, saying it will bring “unprecedented new opportunities in the rapidly growing Asia Pacific region”. SYDNEY – Australia on Tuesday (Oct 6) hailed... Read more »

Andrew Robb in Indonesia to promote trade and investment

Trade and Investment Minister Andrew Robb is on a visit Jakarta to enhance our trade and investment relationship with Indonesia. Prime Minister Malcolm Turnbull felt it was important that the planned visit proceeds... Read more »
Nikkei goes global with Financial Times takeover

Japan’s Nikkei goes global with Financial Times takeover

Japan’s biggest-ever foreign media acquisition costs $1.3 billion TOKYO: Japanese media giant Nikkei’s surprise acquisition of the Financial Times for $1.3 billion underscores its goal to be the voice of Asia on economic affairs... Read more »

Toshiba CEO resigns over $1.2 billion accounting scandal

Toshiba CEO Hisao Tanaka resigned on Tuesday, according to CNN, after an internal investigation that revealed the company had been massively overinflating its profits. Norio Sasaki, vice chairman of the board, and... Read more »

Australia’s Aid for Trade aimed at creating jobs and building livelihoods

Australia has announced a new strategy to increase the impact of Australia’s aid for trade investments by driving sustainable economic growth and poverty reduction in developing countries in the Indo-Pacific region. Australia... Read more »

Australia to contribute $930 million to Asian Infrastructure Investment Bank, Joe Hockey says

Australia will become a founding member of the Asian Infrastructure Investment Bank (AIIB), Treasurer Joe Hockey has announced. The decision comes after extensive discussions between the Government, China and other key partners... Read more »
Australian Prime Minister Tony Abbott and Chinese Trade Minister Gao Hucheng attended the signing ceremony Wednesday in Canberra.

Australia, China sign landmark free trade agreement

Trade deal termed milestone in Australia and China bilateral relations Australia and China have signed a landmark free trade agreement after more than a decade of negotiations, providing a boon for jobs and... Read more »
Cameron Crowley (left) and Parkes MP Mark Coulton (sixth from left) take part in a strategic planning workshop following the receipt of a dollar-for-dollar grant of almost $1 million by Maverick Biomaterials Pty Ltd. Photo: Contributed

Government grant facilitates innovative Australian businesses

An entrepreneurial business in Dubbo has received encouragement and funding from the federal government in the form of a dollar-for-dollar grant of almost $1 million. Maverick Biomaterials Pty Ltd is one of... Read more »