Prime Minister Anthony Albanese will put a new law to federal parliament that promises a “future made in Australia” in a bid to define the economic agenda at the next election.
As Taiwan recovers from a deadly 7.2 magnitude earthquake,the figurative aftershocks may be felt as far away as Silicon Valley.
Australian governments will need to spend taxpayers’ money soon to build the industries of the future,says former Labor minister Greg Combet.
Despite the government’s $1 billion announcement this week,Australian solar manufacturing could disappear as several companies said they have already been approached to move offshore.
Australia has the world’s highest uptake of rooftop solar panels with one in three households having them. However,only 1 per cent are manufactured locally.
The implosion of its property sector has forced China into a major pivot to boost its economy. It needs help from the rest of the world for it to work.
While global superstar Katy Perry staged a private performance at billionaire Anthony Pratt’s mansion,Prime Minister Anthony Albanese said he was just there to talk about manufacturing.
Data released late last week shows efforts to stimulate the economy aren’t working and might even have been counter-productive.
China’s economy is now so big that its $US900 billion annual goods surplus is destabilising world trade,like an elephant in a rowing boat.
Growth in clean cars is gaining pace,despite an ongoing rise in the sales of petrol and diesel vehicles.
Chinese automaker BYD is poised to surpass Tesla as the new worldwide leader in fully electric vehicle sales.