
Australian Productivity Commission Chair Danielle Wood discusses policy challenges in integrating AI, improving housing affordability, and managing climate crisis impacts with political editor Tom McIlroy, following sluggish productivity growth and the Reserve Bank's interest rate hike to a 15-year high.
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Australia's productivity growth has been sluggish for years, and the Reserve Bank recently raised interest rates to a 15-year high, with the governor describing productivity as 'doing nothing'.
Improving economic productivity is crucial for raising living standards, and Australia’s productivity growth has been sluggish for years. When the Reserve Bank hiked interest rates to a 15 year high last week, the governor, Michele Bullock, even described productivity as ‘doing nothing’.
The chair of the Productivity Commission, Danielle Wood, speaks with political editor Tom McIlroy about the policy challenges of encouraging AI integration, improving housing affordability and managing the impacts of the climate crisis
Australian AI data centre company Firmus has withdrawn its application to list on the Australian Securities Exchange, citing market volatility and conditions that would not reflect its long-term growth prospects, and will now pursue private market funding instead.
Firmus, an Australian AI data centre company, has withdrawn its application to list on the Australian Securities Exchange (ASX), citing recent market volatility and unfavourable conditions that would not reflect its long-term growth prospects. The company plans to pursue private market funding instead.
Australian AI data centre company Firmus has withdrawn its application to list on the Australian Securities Exchange, citing recent market volatility and conditions that would not appropriately reflect its long-term growth prospects, and will now pursue private market funding while considering other options.
Firmus, an Australian AI company preparing for an IPO, faces uncertainty after its expected share price dropped from $11 to as low as $8.30, with fund manager Jun Bei Liu expressing doubt about the October 23 listing proceeding and criticizing the company's unproven business model.
A ground-breaking ceremony was held for Arafura Rare Earths' $1.8 billion Nolans Project north of Alice Springs, aiming to challenge China's rare earths market dominance with backing from the US and Australian governments.
Business owners in north Queensland warn that the impending ban on gillnet fishing in the Great Barrier Reef by June 30 2027 could force them to close, as alternative fishing methods remain unavailable and imported seafood is not commercially viable for small operators, despite government trials and financial support for fishers.