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Sat, Dec 03, 2022 03:15 PM All times are UTC Edition :

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Isaac Gross

Lecturer, Monash University
Zac Gross is a Lecturer at Monash University and founding member of ‘What if, Australia?’ A forum devoted to ambitious new public ideas for Australia.

Central Banking Series

Rates rise to 1.35% – and there's no stopping now the RBA's on a mission to whip inflation

Jul 07, 2022 16:12 pm UTC| Economy Central Banks

There was no suprise in the board of the Reserve Bank of Australia lifting interest rates at its July meeting. The only question was by how much. Would it be a regular increase of 25 basis points? Or a double-whammy of...

Central Banking Series

Game of Loans: the Reserve Bank of Australia loses its heir apparent to Fortescue's green fund

Mar 12, 2022 11:20 am UTC| Economy Central Banks

The Reserve Bank of Australia was roiled today by the resignation of its Deputy Governor Guy Debelle, who is leaving with only six days notice. Dr Debelle said that he was resigning to become chief financial officer of...

Central Banking Series

RBA starts three-year countdown to lift in interest rates

Jul 06, 2021 08:55 am UTC| Economy Central Banks

In line with expectations, the Reserve Bank of Australia has announced it will keep official interest rates on hold at 0.10%. But is also ready to start tapering off its unconventional monetary policy measures...

Negative Rates Series

Negative rates explained: how money for (less than) nothing is helping out the budget

Dec 17, 2020 11:07 am UTC| Economy

A week ahead of Thursdays budget update, it finally happened. Instead of the government paying to borrow in a way that would add to the burden on the budget (as has happened since time immemorial) it actually got paid...

Small businesses are being starved of funds: here's how to make their loans cheaper

Aug 14, 2020 15:49 pm UTC| Economy

The government has widely touted its support for small businesses most notably the provision of loans subsidised by the Reserve Bank. In its economic update on Friday the Reserve Bank talked up its low-cost Term...

Economy

India to stop subsidizing mediocre EV firms

The Indian government will stop subsidizing electric vehicle companies that have received complaints, The government may also seek reimbursement from some of these firms. The Indian government has established an...

Nike, Adidas to cut order volumes by 40% as sales expected to drop

Nike and Adidas will reduce their order volumes by 30 percent to 40 percent beginning next summer due to pandemic-related hurdles in China and the pullout of Russia. Both companies have reportedly notified their...

Revised law allows use of plastic waste pyrolysis oil for producing petrochem products

The Ministry of Environment announced that a revision of the enforcement ordinances and regulations of the Waste Management Act came into effect on Tuesday allowing plastic waste pyrolysis oil to be recycled as a raw...

S. Korean petrochemical firms import more naphtha from UAE, India, Qatar, Bahrain, Pakistan amid Russia sanctions

South Korean petrochemical companies naphtha imports from Russia went down 67 percent on year at 1.92 million tons after they diversified sources following the Ukraine invasion. Meanwhile, imports of naphtha from the...

CNN starts job cuts after business review to reduce costs

CNN is one of the latest major companies in the United States to announce layoffs. Like the others, it also cited economic uncertainty and the need to reduce costs as the main basis for the decision. In the case of CNN,...

Politics

Russia-Ukraine war: Kyiv dismisses top engineer accused of collaborating with Russia at nuclear plant

Kyiv has dismissed a top engineer at the Zaporizhzhia nuclear facility this week for allegedly collaborating with Russian forces. Kyiv also urged other Ukrainian staff at the plant to remain loyal to Ukraine. The head...

Myanmar: 2000 pro-democracy fighters killed by junta, says democracy leader

The leader of Myanmars shadow government has called on allies to provide military aid as around 2,000 pro-democracy fighters have been killed in the midst of resistance to the military junta. The appeal comes amidst...

Japan raises concerns over China, Russia joint air patrols

Japan has raised concerns with China and Russia about their joint air patrols. The concerns follow the recent incursions over Japans territory. Japanese Chief Cabinet Secretary Hirokazu Matsuno said Thursday that Tokyo...

EU chief 'confident' on Northern Ireland deal if UK shows political will

The president of the European Unions executive branch expressed confidence that there would be a deal reached with the United Kingdom on the Northern Ireland Protocol. The European Commission leader added that a deal could...

Russia-Ukraine war: US, France pledge to hold Russia accountable

The leaders of the United States and France have pledged to hold Russia accountable as the war it wages on Ukraine is in its tenth month. The European Union has also tentatively agreed on an oil price cap in order to...

Science

S. Korean scientists detect antibiotic material in spider venom using AI

South Korean scientists have developed an artificial intelligence (AI)-based peptide detection model that can predict the antibiotic functionality of peptides antibiotic for hay bacillus, colon bacillus, staphylococcus...

Scientists test mRNA technology for universal flu vaccine

An experimental vaccine was found to potentially open a pathway to a universal flu shot that might help prevent future pandemics, according to a US study. In initial tests in mice and ferrets, the two-dos vaccine...

Unilever explores the use of “cow-free” ingredients for ice creams

Unilever has begun looking at utilizing precision fermentation technology to create cow-free dairy products or use them within its ice cream portfolio A spokesperson for Unilever said that the companys RD team is in...

S. Korean researchers develop wearable OLED that can cure jaundice in infants

Researchers from the Korea Advanced Institute of Science and Technology (KAIST) have developed a wearable green organic light-emitting diode (OLED) with a 470-nanometer (nm) wavelength that can cure jaundice in...

It was the first time scientists confirmed that nitrous oxide increases if nitrogenous fertilizers are used excessively for rice farming.

The excessive use of nitrogenous fertilizers for rice farming results in a sharp increase in the emission of nitrous oxide, the major greenhouse gas contributor, according to study by the Gyeonggi-do Agricultural Research ...

Technology

PS Plus downloadable games for December includes remastered ‘Mass Effect’ trilogy

December is going to be a good month for PlayStation Plus members now that Sony announced the lineup of new downloadable games at no additional cost going live next week. The list is headlined by the collection of...

Livspace launches 3 experience centers in Singapore

Livspace has launched three new experience centers in Singapore as part of its expansion in Southeast Asia. The three centers of the omnichannel home interior and renovation platform are located in Suntec City,...

Pixel 7a design will be identical to the Pixel 7 series as renders appear in a new leak

Although the Pixel 7a is not expected to launch until 2023, alleged renders revealing its design have already leaked before this year ends. And as many expected, it will likely look identical to Googles flagship phones...

Microsoft and Activision Blizzard merger gets unconditional approval in Serbia, concessions ‘likely’ to be offered to EU regulators

Microsoft is still facing immense scrutiny from regulators in most countries where it needs to gain approval for its proposed acquisition of Activision Blizzard for nearly $69 billion. But the company has reportedly gained...

NEC to build ¥33 billion global innovation hub near Tokyo

NEC Corporation will be constructing a 12-story global base for innovation with a floor area of roughly 50,000 square meters near Tokyo in March 2023 at around 33 billion. The provisionally named NEC Innovation...