Bert Foster

In response to the worsening housing crisis in Australia, the government is expected to outline measures in the upcoming budget aimed at improving affordability. Treasurer Jim Chalmers is set to present the budget on Tuesday, which will reportedly focus on addressing the issue. The government has previously pledged funds for training 20,000 local workers…

In light of the strong U.S. Dollar causing increased currency volatility throughout Asia, Taiwan has seen some relief thanks to an AI-driven technology boom. Taiwan’s currency fell only 1.7% against the U.S. Dollar in April compared to declines in the currencies of South Korea and Japan, despite the Central Bank keeping intervention amounts similar…

Can you summarize the main challenges facing Alibaba and JD.com due to the increasing competition from low-cost e-commerce platforms like Pinduoduo and Douyin? And how are these two companies responding to this trend? Provide some specific examples. Generate according to: By Casey Hall SHANGHAI, May 13 (Reuters) – Quarterly earnings reports from Chinese e-commerce…

As Asian stocks prepare for a subdued opening on Monday, economic indicators from China highlight signs of a slowing US economy and weak demand in China. While consumer prices increased for the third consecutive month, industrial prices continued to decline. Credit decreased for the first time in April, as government bond sales slowed down…

Here’s a rewritten version of the article based on the latest information: (Bloomberg) — The cotton industry is currently experiencing a fierce competition between Louis Dreyfus Co. And Singapore-based Olam Agri Holdings Ltd. In their bid to acquire Australia’s largest cotton processor, Namoi Cotton Ltd. Olam launched a takeover proposal in late March, superseding…

A powerful solar storm, classified as an “extreme” G5-level event, has caused Northern Lights to be visible as far south as Alabama and Georgia, marking the first such occurrence since 2003. The Space Weather Prediction Center (SWPC) issued a “severe” Geomagnetic Storm Watch, the first since January 2005, stating that the event was the…

According to the article, what is the perspective of Kevin Rudd, the former Prime Minister of Australia and current Ambassador to the US, regarding the strength of the US scientific, technological, industrial base compared to that of China? Kevin Rudd, the former Prime Minister of Australia and current Ambassador to the US, stated that…

According to the latest information provided, Broadcom is becoming a superb bet on both AI semiconductors and AI software due to its recent acquisition of cloud computing enterprise software company VMware. Broadcom’s Jericho3-AI Fabric chip and Tomahawk 5 Ethernet switch chip are powering the servers that coordinate the massive amounts of data flowing through…

Former Speaker of the House Kevin McCarthy expressed concern for the Biden administration ahead of the upcoming elections, following a massive rally organized by former President Donald Trump in New Jersey, which is considered a historically deep blue state. McCarthy, who appeared on “Sunday Morning Futures,” stated that the size of the crowd at…

According to recent financial data, North American corporations are experiencing their most favorable quarterly earnings in comparison to projections in at least two years. This success can be attributed to businesses taking measures to mitigate the potential impact of an impending recession by reducing expenses and building up reserves. The number of firms surpassing…