UK and Australia to collaborate on hypersonic travel

The Australian and UK government have named hypersonic travel as one area of industrial co-operation likely to come from a ‘space bridge’agreement between the two countries. Industry minister Karen Andrews talked about hypersonics for the first time in an interview with the Channel 7 Sunrise programme. According to a transcript, she said hypersonic travel could…

Canberra threatens exporters as statistics show Australia’s minerals dependence

Analysis by Peter Roberts This week saw the extraordinary spectacle of an Australian prime minister, Scott Morrison, threatening exporters and telling them to cut back on exports. For Morrison to warn alumina producers Rio Tinto and Alcoa to cut back on exports to the United States was strange enough, but the reason for it was…

Health and sustainability market could be worth $25 billion to Australian producers by 2030

By Katherine Wynn, CSIRO Growing interest in healthy and sustainable lifestyles could be worth about A$25 billion and make up about 10% of the value of Australia’s food and agribusiness sector by the end of next decade. These projections are made by Australia’s industrial research agency, CSIRO, in an economic analysis published today. The high…

Vital Signs. Business investment is flatlining, and it isn’t clear that suasion or a special allowance will help

By Richard Holden, Professor of Economics, UNSW You know the economy is in trouble when a clever and successful Liberal Party treasurer resorts to doing an Elizabeth Warren impersonation in front of the Business Council of Australia in hopes of boosting investment. That’s what Josh Frydenberg did on Monday, saying: Share buybacks and capital returns are…

Would an Australian merchant fleet help manufacturing?

Analysis by Peter Roberts If the ALP is elected at the upcoming national poll, as seems likely, Australia just may see the revival of Australian-owned shipping. Opposition leader, Bill Shorten has promised to re-develop maritime skills training, establish an investigative task force, and develop a core, privately-owned, Australian ‘strategic fleet’. Made up of perhaps a…