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The path to zero emissions is expensive – but not impossible

The path to zero emissions is expensive – but not impossible

At the same time, coal and LNG are among Australia’s biggest exports.Undeterred, Griffith says the path to zero emissions could be done through “electrifying” the household. That is, moving away from natural gas and combustion engines, aided by the rapid take-up of solar power, heat pumps, electric vehicles and batteries.It’s all existing technology, but the…


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The path to zero emissions is expensive – but not impossible

At the same time, coal and LNG are among Australia’s biggest exports.Undeterred, Griffith says the path to zero emissions could be done through “electrifying” the household. That is, moving away from natural gas and combustion engines, aided by the rapid take-up of solar power, heat pumps, electric vehicles and batteries.It’s all existing technology, but the…


Australia’s latest unicorn revealed as BlackRock goes in on SiteMinder

Australia’s latest unicorn revealed as BlackRock goes in on SiteMinder

ExclusiveJan 17, 2020 — 12.01amHotel booking tech company SiteMinder has become the country’s newest $1 billion tech unicorn, banking more than $100 million in capital from investors such as BlackRock, Ellerston Capital, Pendal Group and AustralianSuper.The business provides the core technology that has allowed websites such as Agoda and Booking.com to boom, connecting hotels’ back-end…


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Trade deal must force China shake-up, says Trump adviser

Former Dow Chemical boss Andrew Liveris has applauded Donald Trump for a reboot of the trading relationship, which could have long-term implications for Australian LNG exports to China.Jan 16, 2020 — 12.01amWashington/Shanghai | The US-China trade deal will be worth all the economic and financial market pain of the past two years if it leads


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Costello warns of boom in risky assets

ExclusiveAustralia’s longest-serving treasurer says individual investors and superannuation funds must focus more on “risk-adjusted returns”.Jan 15, 2020 — 12.00amThe chairman of the $166 billion sovereign wealth fund, Peter Costello, has warned that record low interest rates are pushing investors into risky financial products akin to “collateralised debt obligations”, which blew up during the 2008 global…


Fire inquiry must look at climate change

Fire inquiry must look at climate change

ExclusiveIt’s essential that climate change be part of an inquiry into the bushfires raging across the country, says former Supreme Court judge Bernard Teague.Jan 14, 2020 — 12.00amThe former supreme court judge who ran the Black Saturday royal commission says it is essential that climate change impact be part of an inquiry into the 2019-20…


Bushfire anger leads PM to flag ditching Kyoto credits

Bushfire anger leads PM to flag ditching Kyoto credits

Jan 13, 2020 — 12.00amPrime Minister Scott Morrison has signalled the government could stop claiming Kyoto credits to “meet and beat” its carbon emissions reduction target, declaring in response to the bushfire disaster that climate change policy would be updated without destroying jobs and regional economies.He said the government’s 26-28 per cent emissions cut goal had…


Iran says it ‘unintentionally’ shot down Ukrainian jetliner

Iran says it ‘unintentionally’ shot down Ukrainian jetliner

Jon Gambrell and Joseph KraussJan 11, 2020 — 4.32pmTehran | Iran announced Saturday that its military “unintentionally” shot down the Ukrainian jetliner that crashed earlier this week, killing all 176 aboard, after the government had repeatedly denied Western accusations that it was responsible.The plane was shot down early Wednesday, hours after Iran launched a ballistic…


APRA’s new secret bank rankings imminent

APRA’s new secret bank rankings imminent

Jan 11, 2020 — 12.01amThe prudential regulator is in the final stages of testing a more dynamic replacement for its secret probability of failure and supervision ratings. The legacy system – which in 2018 placed IOOF one step away from forced restructure – has been operating for 15 years.The new analytical system for triggering financial…


The national scandal that is financial planning

The national scandal that is financial planning

OpinionThe country’s financial planning industry is woefully ill-equipped to handle the $3 trillion in superannuation savings that Australians have amassed.Karen MaleyColumnistIf Treasurer Josh Frydenberg wants to set himself a challenge this year, he should have a crack at setting up a new framework for the country’s financial planning industry – one in which consumers can…