With the UN climate change conference COP26 in Glasgow, it’s obvious that there is consensus among many world leaders and key stakeholders that much more needs to be done.
Australia’s agricultural sector is set for another profitable year, with the gross value of agricultural production on track for a 4th year of growth according to Rabobank. The flagship annual Australian Agribusiness Outlook for 2022 is titled ‘Making Hay While the Sun Shines’ and the specialist global agribusiness bank expects a stellar year.
With economies suffering unprecedented slumps due to COVID-19, SWFs are tools of reconstruction, with many investing domestically to deliver large-scale infrastructure projects, domestic regeneration, and encourage development of particular sectors.
Prior to COVID, growth in Australia’s tourism sector was outpacing growth in the wider economy. From 2009 to 2019, tourism expenditure in Australia saw average annual growth of 6%, and while international arrivals growth had recently moderated to 2%, 2019 saw a record high of 9.5 million overseas visitors arrive in Australia spending $45 billion.
New research reveals that 62 per cent of SME business owners have been on the brink of folding their businesses in the past due to financial and other struggles.
This is a small business-friendly budget that should give SMEs the confidence to invest in their own growth, as the economic recovery gathers momentum.
While the industry was able to weather the worst effects of COVID-19 with a strong shift towards online sales, the research shows leading industry challenges being rising business costs and supply chain volatility
Porsche has launched a parking app that provides Australian owners with a contactless and convenient parking experience, directly from their vehicle. The Porsche Park app allows owners to open car park boom-gates and make payments via the in-car Porsche Communication Management (PCM) touchscreen, via Apple CarPlay.
Australia’s post-COVID economy recovery is under threat from a labor shortage, due to a shortage of job seekers able to fill key positions in industries like retail, travel, and hospitality, says former Minister for Vocational and Technical Education, The Hon Gary Hardgrave.
The Australian National University (ANU) study, Space-based technologies, opportunities for the rural sector, found that improvements to geo-location alone could benefit agriculture by $2.2 billion over a 30-year period, and satellite connectivity can add $15.6 billion to gross value of production across agriculture, fisheries and forestry industries each year.