Australia falls again in global broadband speed rankings

If fast broadband is essential to modern business including manufacturing, then you are all better off moving to that technology powerhouse Kazakhstan. The latest Ookla Speedtest Global Index places Australia’s $50 billion National Broadband Network (NBN) as the world’s 62nd fastest fixed broadband, down three places and falling behind the central Asian republic. The latest…

Manufacturing to benefit from Adelaide Commonwealth Games

Analysis by Peter Roberts The South Australian capital of Adelaide seems assured of being the host city for the 2026 Commonwealth Games, with manufacturers among the many beneficiaries of this global event. Commonwealth Games Federation president, Louise Martin gave the game away in a little-reported interview on BBC radio this week, according to games insiders.…

Carnegie snatches victory from jaws of defeat

Perth wave energy developer, Carnegie Clean Energy (ASX: CCE) appears to have avoided oblivion after creditors approved a restructuring and recapitalisation plan to save the business. The plan, developed by KordaMentha Restructuring acting as administrators of Carnegie, will see secured creditors swapping debt for equity and the raising of $5 million. Unsecured creditors will likely…