Slot machine and online gaming group Aristocrat Leisure has booked increased revenues but decreased earnings in the latest six months as the Covid-19 pandemic began to buffet the business. The Sydney company reported EBITDA profits down seven per cent to $707 million for the half to 31 March, on revenues up seven per cent to…
By Denham Sadler The local startup sector will be crucial to economic recovery in the wake of the coronavirus pandemic, with further government support needed for early-stage firms, University of Technology Sydney director of entrepreneurship Murray Hurps says. Mr Hurps said more than 40 per cent of Australian startups are likely struggling as a result…
The US Air Force has launched a competition to develop AI software to control groups of highly capable unmanned aerial vehicles (UAVs) flying in formation with conventional jet aircraft such as the F-35 joint strike fighter. The USAF intends to let a number of development contracts for the software, known as Skyborg, according to a…
Comment by Peter Roberts Dear industry minister Karen Andrews, Your government is to be commended for supporting key sovereign industrial capabilities in defence and, now in the light of the Covid-19 pandemic, extending that thinking to broader strategic national manufacturing capabilities. With respect, there can be no manufactured product more crucial to Australia’s national sovereign…
Construction materials and industrial minerals business Adelaide Brighton is to change its name to ADBRI to better reflect the evolving nature of the business. Shareholders an the company’s annual general meeting overwhelmingly backed the name change. While the company retains its SA businesses, including the Birkenhead cement works on Adelaide’s Port River (pictured), which marks…
Systems integrator CAE Australia has earned a $26 million contract to upgrade a C-130J aircraft training simulator and training systems at the Richmond air force base in western Sydney.
A recyclable rubber material made from waste has been developed by a team of researchers spearheaded in South Australia.
Australia won’t be the same post-coronavirus, but parts of the picture are falling into place. One concerns our approach to trade. It’ll be a reset, not a rejection.
Today federal industry minister Karen Andrews will discuss local manufacturing’s response to the Covid-19 pandemic and what happens next, and is expected to argue for government’s role in procurement of critical supplies and the removal of red tape, but not in promoting “complete self-sufficiency.”
By Stuart Corner ASX listed investment house, Washington H Soul Pattinson, has invested $20 million in Leading Edge Data Centres to fund a network of regional edge computing data centres around Australia. Leading Edge says it will build a network of 20 world-class tier three data centres across regional Australia to provide faster internet speeds…
