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- 04OCT2021-MON (copy 01)
04OCT2021-MON (copy 01)
Preparing hospitality businesses for Australia’s upcoming ‘freedom days’
Monday 4th October 2021
Fundsquire announces Grant Advance funding solution in Australia
Fundsquire, a Melbourne-based startup investment firm, has announced the debut of Grant Advance, a non-dilutive funding solution available in Australia, Canada, and the United Kingdom. Fundsquire is the first to launch a Grant Advance funding solution simultaneously across three major markets, and will now offer easy, non-dilutive finance to tackle these specific funding difficulties for businesses that are using grant programmes.
What gender equality looks like for female business leaders in 2021
Gender equality within the workplace is an issue we are continually striving to improve, with movements like #Metoo highlighting its importance. Despite this, an imbalance still exists, one which women work against every day to achieve the same positions as men. In Australia, women make up 47.4% of all employed persons, yet a woman’s full-time average weekly earnings are still 14.2% less than for men. Women hold only 14.6% of chair positions, 18.3% of CEO roles and 35% of director titles. id:2021-10-03-08:57:40:172tWe’ve asked female business leaders from varying industries across Australia their view on gender equality in the workplace in 2021.
Funding roundup September 27 – October 2
Fintech co Till Payments raises $110 million in series C funding round
Zero Co unveils $4.3m crowdfunding campaign
Cover Genius hits unicorn status after $100m series C round
NZ-founded Joyous raises NZ$15m
$1.5m funding for EnergyTech entrepreneurs
MoneyMe secures $50m funding from Pacific Equity Partners
The challenges of going from a small to medium/large size business
As a small business owner, the goal is to grow and expand, right? To acquire more customers, sell more stock, hire more people, and establish a well-known brand – to be bigger and better. Well, in truth, that’s not the case at all.
Five things I wish I knew before starting a business in my 20s
What initially attracted me to becoming an entrepreneur was a desire to build something, and my passion for psychology and marketing suggested a fitting journey in business. I’ve now happily been in the industry for almost 10 years, but I have learned my fair share of hard lessons along the way.
Preparing hospitality businesses for Australia’s upcoming ‘freedom days’
Few industries have been harder hit by the pandemic than hospitality, but there is reason to feel optimistic once again. The New South Wales and ACT Governments recently announced their official reopening roadmaps, with restrictions poised to ease in mid-October when each hits a 70 per cent vaccination rate. Meanwhile, Victoria is expected to provide further clarity imminently ahead of its own reopening later in October. When so-called “Freedom Days” arrive, thousands of hospitality businesses and millions of diners around the country can again enjoy the experiences we once took for granted.
Housing credit for owner-occupiers has increased at the fastest annual rate since October 2016, as borrowers chase ever-increasing house prices at record low-interest rates. The Reserve Bank of Australia reported that owner-occupier housing credit increased by 0.8% in August to an annual rate of 8.4%. Overall housing credit, including investor credit, increased 0.6% year on year to 6.2%. Credit in general increased by 0.6% to 4.7% year on year, including housing, commercial, and personal loans.
Immutable, an Australian fintech company, is teaming up with TikTok to allow fans to trade viral internet films as NFTs, allowing creators to be compensated directly by their fans. TikTok declared its entry into NFTs as digital assets become more prevalent. A selection of TikTok’s most popular viral films will be auctioned off to users in the form of NFTs under the scheme. Fans will then be able to trade these movies, with Immutable, a Sydney-based fintech that is seeking mainstream NFTs by lowering the cost of trading these digital assets, facilitating the transactions.
Senators slammed a Facebook executive for how the social media company handled internal research on how its Instagram photo-sharing platform can harm teenagers. The senators accused Facebook of withholding information about the negative findings about Instagram and asked that the company commit to making changes. Antigone Davis, Facebook’s head of global safety, defended Instagram’s efforts to protect young people using its platform during testimony before a Senate Commerce subcommittee.
According to the Reserve Bank of India, India’s external debt remained at $571.3 billion at the end of June, a rise of $1.6 billion from the end of March 2021. However, the external debt-to-GDP ratio fell to 20.2 percent at the end of 2021, from 21.1 percent on March 31. The value gain as a result of the US dollar’s strengthening against the Indian rupee was $1.7 billion.
According to one research, more than three-quarters of Venezuelans are currently living in extreme poverty. Between February and April of this year, 14,000 households received the 2020-2021 National Survey of Living Conditions (ENCOVI). 76.6 percent of Venezuela’s 28 million citizens live in extreme poverty, up from 67.7 percent last year. The rise was attributed to the COVID-19 pandemic as well as chronic fuel shortages. When measured solely by income levels, 94.5 percent of Venezuelans live in poverty, a figure unmatched in the region.
Afghanistan’s finances are drying up as multilateral and Western donors withhold funding in retaliation for the Taliban’s military takeover. Unless China, Russia, or other foreign donors step in, the Taliban may soon rule over a full-fledged financial meltdown at a time when many sections of the war-torn nation are on the brink of famine. The Taliban’s financial difficulties arise from the US Treasury Department’s move to freeze an estimated US$9.5 billion in Afghan central bank reserves held in US financial institutions, including the New York Federal Reserve Bank.
