Business

No justification for IMF to be part of Greek rescue: ECB’s Nowotny

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VIENNA (Reuters) – There is no economic or political justification for the International Monetary Fund (IMF) to be part of the Greek rescue program, European Central Bank (ECB) Governing Council member Ewald Nowotny told an… Investing  The IMF and the European Union have been at odds over the terms of the… No justification for… Read More »

Australia Post salary scandal highlights our nation’s growing wage inequality

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How much more than an average worker should a… Research shows Australians believe CEOs should earn eight… Carl Rhodes  The Conversation It is perhaps unsurprising, then, that revelations about the salary of Australia Posts CEO Ahmed Fahour have caused a… Fahour’s pay is estimated at up to 119 times that of a Australia Post salary… Read More »

Amazon warns that trade protectionism could hurt business: filing

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(Reuters) – Amazon.com Inc (O:AMZN) warned on Friday that government actions to bolster domestic companies over foreign competition could hurt its business, in a potential reference to U.S. President Donald Trump’s “America First… Jeffrey Dastin Investing In a routine description of regulatory risks in its 2016 annual filing, the… Amazon warns that… Read More »

Machines Can Replace Millions of Bureaucrats

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When it comes to robots displacing humans from the job market, government bureaucrats are generally not what springs to… Leonid Bershidsky Bloomberg The recent McKinsey report on the future of jobs estimates the automation potential of administrative jobs at just 39 percent, far less than the… And yet the… Machines Can Replace… Read More »

A Quiet Giant of Investing Weighs In on Trump

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He is the most successful and influential investor you have probably never heard… Andrew Ross Sorkin  The New York Times His writings are so coveted and followed by Wall Street that a used copy of a book he wrote several decades ago about investing starts at $795 on Amazon, and a new copy sells for as much as… Perhaps that’s… A Quiet Giant… Read More »

The week in finance: US banks jump on deregulation, China tightens and RBA to hold

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After a recent loss of momentum, the so-called “Trump Trade” has bounced back on news the new administration will be taking the knife to tougher bank laws put in place in the wake of the… By business reporter Stephen Letts ABC The banking sector drove the S&P 500 up 0.7 per cent to just short of a… The ASX 200 futures were bid… The week in… Read More »

What’s so wrong with dressing up your desk?

Contrasting office cubicles

There’s a reason companies are banning personal items on desks. But it may be hurting productivity. Bryan Borzykowski BBC News When John Crowley started a new job at a call centre six years ago, he was allowed to put whatever he wanted on his desk. By the time he… What’s so wrong with… Read More »

Trump shares Obama’s myopia in doing business with China

Trump - Asia Times

The TPP withdrawal suggests that Mr Trump is preparing – wittingly or otherwise – to cede to China leadership of trade matters within the Asia region Anthony Rowley Asia Times US President Donald Trump and his predecessor Barack Obama seem to share a common myopia when it comes to seeing the consequences of their actions with regard to trade and business with China. We saw this a… Trump shares Obama’s… Read More »

Corporate corruption and government failure to act: who’s running this country?

Protest - The Guardian

The controversial Perth freight link development shows that it’s business-as-usual in awarding government contracts to companies with a chequered past Carmen Lawrence The Guardian It’s clear Australians are increasingly wary of the power of big business; in the latest post-election survey by researchers at the Australian National University, 74% responded “yes” to the proposition that “big business has… Corporate corruption and… Read More »

More than ever, Australians must work together to create an inclusive society

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From advertising to workplaces, in 2017, let’s endeavour to recognise the enormous opportunity that diversity offers all of us Lisa Annese The Guardian The new year brings with it new hope and optimism, a chance for a fresh start and an opportunity to reassess the way forward. Or at least… More than ever… Read More »

Trump’s trade advis​​er says Germany uses euro to ‘exploit’ US and EU

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Peter Navarro, head of new National Trade Council, claims currency is ‘grossly undervalued’, sending it to eight-week… Nick Fletcher The Guardian Donald Trump’s top trade adviser has hit out at Germany and accused the country of gaining an unfair trade advantage from the… In a sign that the… Trump’s trade advis​​er… Read More »

James Packer caught in middle of corruption inquiry into Israeli Prime Minister Benjamin Netanyahu

Packer - ABC

James Packer’s lawyer asked about arranging citizenship or residency in Israel for the Australian billionaire, the country’s Interior Minister says, in a move that could bring Mr Packer significant tax benefits. Sophie McNeill ABC Mr Packer has found himself caught in the middle of a major corruption inquiry that has rocked the Middle Eastern country. His name has been… James Packer caught in… Read More »

What if they had a trade war and nobody came?

Business

Trump is looking for negotiations that bring results — not conflict Spengler Asia Times For those of us who cut our teeth on classical economics, it does seem a bit unusual for global stock markets (including Asian markets) to rally right after a new US administration pulled the plug on decades of Asian trade… What if they had a… Read More »

China as the leader of the global liberal order?

Asia Times

Just under a year ago, the prospect that the United States would turn into the fierce critic of the current economic and political order while China could become its ardent advocate was almost inconceivable. Xuan Loc Doan Asia Times But, in a new era of world politics, wherein what is normal becomes abnormal and vice versa, such an unreal reversal of roles is now in the offing. For over the last seven… China as the leader of… Read More »

Euro ‘could fail’, says man tipped as US ambassador to EU

US Ambassador - BBC

The man tipped to be Donald Trump’s ambassador to the European Union has told the BBC the single currency “could collapse” in the next 18 months. Kamal Ahmed BBC News Professor Ted Malloch said he would “short the euro” – taking a market position which bets on the value of the currency falling. He also said Britain could… Euro ‘could fail’, says man… Read More »

She’s two years old, works in restaurant – inexperience shows

Robot - Asia Times

Jie Jie’s flashing eyes and can-do attitude belie the fact that she’s quite possibly the worst waitress in the world Johan Nylander Asia Times Her name is Jie Jie, she is two years old and works in a suburb of the city of Guangzhou in southern China. She’s mostly dressed in… She’s two years old, works in… Read More »