Penfolds Grange tipped to break Australian wine auction record
A 64-bottle collection of Australia’s most famous wine, Penfolds Grange, is expected to fetch a record $AU350,000 when it is auctioned online this week.
R&D tax disincentive: counting the cost of last week’s proposed changes
The Federal Government has again tinkered with the R&D Tax Incentives.
Steel city sets 2050 carbon neutrality goal
Wollongong, home to Bluescope Steel’s Port Kembla operation, has set a goal of net zero carbon emissions by 2050.
A once in a generation funding opportunity: monetary policies open doors to global funding opportunities
Treasurer Josh Frydenburg’s message to business is “to back yourself and use your balance sheet to invest and grow.” Whilst we may not agree with all his policies, it is clear there is a significant need to invest in R&D, innovation and ways to enhance productivity, whether that’s through new technologies or processes to improve performance.
Commodore dumped along with 42 year history
Holden has dumped its once market-leading Commodore nameplate as sales of the brand continue to tank. With sales of about 6,000 a year, the model is obviously unviable. But then again it was always on the cards – no-one really expected that buyers of the big rear drive Commodore made in Adelaide until 2017 would…
Second plant-based meat maker gains funding
A second plant-based meat food business, Fable, has attracted capital as factory-made meats take off. Fable raised $1.5 million from Atlassian co-founder Mike Cannon-Brookes, Blackbird Ventures and angel investors, according to a report in Channel 9 media. Fable’s plant-based meat product launched at Heston Blumenthal’s Dinner restaurant in Melbourne on Tuesday is said to have…
NRW expands and buys BCG Contracting
Two major engineering contracting, manufacturing and maintenance groups have joined forces with the purchase of BCG Contracting by NRW Holdings (ASX: NWH). BCG will be renamed NRW with the combined group employing 8,300 in numerous facilities and factories in every mainland state. More than 13,500 casual staff are also employed. NRW is a diversified provider…
Canberra heaps insult on R&D injury
Comment by Peter Roberts Having failed in its last attempt to slash the cost of, I mean ‘reform’ the R&D tax incentive – its own Senators refused to vote for it – the government is trying yet again. Smarting from a rejection of its efforts to slash, I mean ‘reform’, the scheme earlier in the…
Chinese investors back $45 million fund to drive South Australian biotech industry
Emerging South Australian biotechnologies will be accelerated through a Chinese-backed $AU45 million investment fund aimed at commercialising health research for the global market.
Key trade rules will become unenforceable from midnight. Australia should be worried
An important part of the World Trade Organization will cease to function from midnight. December 10 is when the terms of two of the remaining three members of its Appellate Body expire. It is meant to have seven.