Renewable energy ‘clearly not delivering’ for Australia
Sky News Australia » Business
by
1M ago
Nationals Senator Matt Canavan says renewable energy is clearly “not delivering” for Australia right now. “We’re about to lose our entire nickel industry,” Mr Canavan told Sky News Australia. Indonesia expanded their coal-fired power production by 30 per cent in 2022. “As a result of that ... (Indonesia) are stealing our nickel jobs, our nickel industry from Australia because they have got a cheaper cost of production. “Is renewable cheaper than coal? Well clearly, it’s not because Indonesia is delivering much lower energy prices to its nickel industry using coal-fired power than we can going ..read more
Visit website
Cashed-up buyers from metropolitan areas pushing up regional house prices
Sky News Australia » Business
by
1M ago
Regional house prices are on the rise as cashed-up buyers swoop in from metropolitan areas. “They push up those prices because everything’s in demand,” The Motley Fool Chief Investment Officer Scott Phillips says. “And the locals are finding themselves priced out of those houses. “So, the housing problem doesn’t get better just because CBDs aren’t going up. “You’re just kind of spreading the problem a little bit further ..read more
Visit website
Revolutionary new smart glasses present a ‘number of possibilities’
Sky News Australia » Business
by
1M ago
The Mobile World Congress is currently taking place in Barcelona, featuring everything from bendable smartphones to revolutionary smart glasses. EFTM Editor Trevor Long told Sky News Australia the smart glasses were only announced “just a few hours ago” from Oppo. “They look like normal glasses in many ways … they’re not heavy, they’re not big bulky things. “They project in front of your eyes, information from your smartphone – it might be notifications, it might be navigation – any number of possibilities. “The fact they were so light and simple and not really a crazy product made me think th ..read more
Visit website
Australia’s nuclear ban ‘out of date’ with the world: Matt Canavan
Sky News Australia » Business
by
1M ago
Nationals Senator Matt Canavan says Australia’s nuclear energy ban is “out of date” with the rest of the developed world. Australia is the only G20 nation which prohibits the development of nuclear energy. Billionaire mining magnate Andrew Forrest doubled down on his opposition to nuclear energy, claiming it would take too long and be too expensive to implement. “Its only effect is to potentially keep prices higher than otherwise,” Mr Canavan told Sky News Australia. “Let’s just remove the ban and see what happens – what have we got to lose ..read more
Visit website
‘Look what we can do’: Motorola unveils new bendable smartphone
Sky News Australia » Business
by
1M ago
Motorola is doing something people "never thought imaginable”, says EFTM Editor Trevor Long. His comments follow the company’s unveiling of a new bendable smartphone. “I don’t know why you’d want this,” Mr Long told Sky News Australia. “Bending it was the most mind-blowing thing I’ve ever done because it felt like I was breaking it, but I wasn’t. “The idea here is to show that this fold factor is basically open-ended. “It’s really just a proof of concept from Motorola to say, ‘Hey, look what we can do ..read more
Visit website
Andrew Forrest rubbishes nuclear push despite rising support
Sky News Australia » Business
by
1M ago
Billionaire mining magnate Andrew Forrest has doubled down on his opposition to nuclear energy despite more voters warming to the idea. “Would you prefer coal, which everyone is moving away from, or would you prefer nuclear?” Mr Forrest said. “That’s like saying, would you like to be held up by an armed robber or an unarmed robber – it’s a pretty basic lead for the answer. Forrest said the introduction of nuclear energy would take “10 to 15 years at least” and would be “four times more expensive”. Nationals Senator Matt Canavan sat down with Sky News Australia to discuss the mining magnate's c ..read more
Visit website
Publishing of gender pay gap in companies a ‘great first step’
Sky News Australia » Business
by
1M ago
Former Labor senator Stephen Conroy says the publishing for the first time of the gender pay gap from almost 5,000 companies is a “great first step” to addressing the issue. He said it puts “front and centre” the debate around whether or not Australia has “equal opportunity for women to be remunerated in the same way men have been”. Mr Conroy said he believes the publishing of the gender pay gap in companies is a “good thing”. “It’s not prescriptive, it just shines a light, and it’s not surprising to see some people scurrying away from the light. “It’s welcome by the majority of people out the ..read more
Visit website
Andrew Forrest ‘riding two horses at the same time’ with green energy push
Sky News Australia » Business
by
1M ago
Mining magnate Andrew ‘Twiggy’ Forrest has blamed the revolving door of senior executives at his company Fortescue on the transition to renewable energy. “Twiggy’s really riding two horses at the same time here,” The Motley Fool Chief Investment Officer Scott Phillips says. “On one hand, he’s at obscenely profitable Fortescue. “On the other hand, though, he’s going full tilt at this green energy revolution. “He’s taken a massive swipe at plenty of people, including the fossil fuel industry for delaying the change to renewable energy ..read more
Visit website
Coles reports 8.4 per cent fall in half year profit
Sky News Australia » Business
by
1M ago
Supermarket chain Coles has reported an 8.4 per cent fall in half-year profit, down to $589 million. Sky News Business Reporter Ed Boyd said a lot of the excess profit was due to the “sale of their Coles express petrol stations business” in the previous year. “Their numbers are a bit lower due to that,” Mr Body said. “Overall, sales at Coles supermarkets up almost 5 per cent about $20 billion. “Underlying earnings down to just over a billion – Dividend was flat at 36 cents per share ..read more
Visit website
Gender Equality advocate defends implication new pay gap data is ‘misleading’
Sky News Australia » Business
by
1M ago
Workplace Gender Equality Agency Chief Executive Mary Wooldridge says the newly released data in Australia’s largest companies is important information for people to “understand” the gender pay-gap. Ms Wooldridge explained the data did not compare men and women carrying out the same roles within a company but instead expanded to evaluate an entire company. The Workplace Gender Equality Agency CEO defended the “internationally recognised” procedure as Sky News presenter Peter Stefanovic pressed her on whether the data could be misleading. “We are very upfront and open that it measures something ..read more
Visit website

Follow Sky News Australia » Business on FeedSpot

Continue with Google
Continue with Apple
OR