Archived News for Finance Sector Professionals - April, 2022
Reliance on old technology is pushing up Australia’s wholesale power prices, and could lead to higher bills for households.
ALP pledges contractor cut
The ALP says it would cut government spending on contractors and consultants by $3 billion if it were in government.
Big uni boost requested
The Federal Government has been urged to increase university funding to save the higher education sector.
China coal drop forecast
Experts say China’s demand for coal imports, including from Australia, will drop significantly by 2025.
Crypto knocked by reporting
New analysis has found media reporting on cryptocurrencies could explain their volatility.
Green readiness ranked
Woodside and Santos are low on a list of energy companies ranked by low-carbon readiness.
Major inquiry call rejected
The Queensland Government has rejected calls for an inquiry into lobbying and public service politicisation.
Musk makes Twitter move
Elon Musk is buying Twitter for $61.4 billion in one of the biggest leveraged buyout deals in history.
Trivago slammed for suggestions
Online hotel-booking company Trivago has been fined $44.7 million for misleading consumers.
China deal leak claimed
A security pact between China and Solomon Islands has been described as “the worst Australian foreign policy blunder in the Pacific”, and new details suggest intervention could have come earlier.
Rates ripples predicted
Experts predict the US will fall into recession in late 2023, leading to a downturn in Australia.
Yellen wants world bank reform
The US Treasury has called for a major “reboot” of global finance bodies.
PEFO shows election spree
Official figures show the Morrison Government has overseen a $700 million spending increase since its March budget.
Integrity stoush continues
Federal Labor says it will move forward with a national integrity commission if it wins the upcoming election, while the Prime Minister has blamed the opposition for delays.
Ruston readied for health role
A vocal opponent of current public health funding levels could become Australia’s new health minister.
Twitter tussles with Musk bid
Twitter appears to be cutting off Elon Musk’s attempt to take control.