Wednesday, December 7, 2022

Bloated business profits make up 60% of inflation, finds Sparrow Loans

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The spike in inflation isn't coming from input cost pressures, despite the rate rises; it comes from businesses broadening their profit margins while claiming higher energy costs and wage rises. Rising profits are the primary driver of inflation, not the cost of inputs or excessive demand. Many corporates say 'they've got no choice' but to lift prices when costs rise.

Kaohsiung smart harbors forum launched to foster global tie-ups

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The southern city of Kaohsiung, known as the Maritime Capital and the Harbor Capital of Taiwan, serves as the best base for Taiwan to venture into marine technology. In recent years, with time evolution and industrial changes, the City Govt has been striving to promote the transformation of the Port of Kaohsiung from an industrial harbor to a people-oriented hub, while implementing strategic intelligence solutions in the advanced semiconductor industry and 5G-enabled applications and services with the aim of meeting the needs of future industrial transformation and achieving tech leadership in various fields.

Red and green tape is strangling Australia’s farming future, finds IPA

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In a keynote address at the Pastoralists and Graziers Association of Western Australia in Perth, Daniel Wild released a new research report by the IPA, Australia’s Green Tape Army: A comparative analysis of the growth of the environmental bureaucracy and the agricultural sector. The research report reveals that since the year 2000, the size of the federal environmental bureaucracy has grown three times faster than the agricultural sector itself.

Inflation worries 85% of workers, a third moved jobs for less than $5K

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One of the main focuses of the Job and Skills Summit this week will be how Aussie workers can get wage increases while companies find and keep talented employees. Data from an RMIT Online survey released reveals inflation is pressuring workers to ask for pay raises and that the talent war hasn't been enough to make them satisfied with their current paychecks.

Aussie creator economy thriving with 3 million creators added since 2020

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Adobe (NASDAQ: ADBE) announced the latest data and insights on the Creator Economy from the Adobe Future of Creativity Study. The study finds that the Creator Economy grew globally by more than 165+ million creators over the past two years to 303 million. In Australia, the Creator Economy has increased by 3 million new creators (48%) since 2020.

Australians are taking on a side hustle due to rising cost of living, finds...

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Recent research shows that Aussies are feeling the pinch given the rising cost of living, with three in five saying they find it hard to cope. While some Australians have resorted to curbing non-essential spending (58%), others have chosen to try and boost their cash flow, with 77% of people interested in taking on a side hustle to make additional income. Car Next Door, the peer-to-peer car sharing platform, makes it simple to turn any car into a shared car through their app. The rise in Aussies interested in starting a side hustle comes at a time where people are looking to boost their income. Aussies like Melbourne based, Issy and her mum Kristen, have earned $5874 since listing Issy’s car in November 2021.

Moldova Innovation Technology Park underpins impressive IT sector growth

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In July, Moldova Innovation Technology Park (MITP) hosted its biannual Sum IT Up event to report on the status of the tech industry. MITP, an innovative e-Park that provides residents with a 7% flat tax rate, has been working to carry out the strategic plan for 2021-25, while also adapting to the shifting economic and political context driven by the war in Ukraine.

ACS urges diversity boost to address the Aussie labour shortage problem

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Australian technology employment numbers continue to boom, with over 1.2 million people expected to be working in the sector by 2027, according to the new ACS Australia’s Digital Pulse 2022 report released in Brisbane. Digital Pulse 2022 reveals technology jobs are paying better than equivalent industries and proposes ways the nation can address the chronic IT worker shortage, including boosting the sector’s diversity and building the skills pipeline.

Illicit tobacco accounts for 19.3% of tobacco consumption in Australia

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The Australian government is losing billions in excise tax as illicit tobacco consumption hits 2.2 million kilograms, subsidising dangerous criminal enterprises, KPMG UK’s latest ‘Illicit Tobacco in Australia’ research report has revealed. The report found illicit tobacco now accounts for 19.3% of all tobacco consumed in Australia. If the 2,242 tonnes of illicit tobacco had been consumed legally, it would have generated an estimated additional $3.4 billion in tax revenue.

NielsenIQ reports on the impact of inflation on small and medium brands

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NielsenIQ previews findings from the Brand Balancing Act, a study providing a perspective on how consumers perceive small and medium-sized brands in the new inflationary marketplace.