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13AUG2021-FRI
Let’s Talk: What is the best business advice you ever received?
Friday 13th August 2021
Let’s Talk: What is the best business advice you ever received?
We are bombarded by an avalanche of business advice every day. Much of it we disregard.But most people remember one insight that was delivered at just the right time, a gem that profoundly changed the way we approach our professional lives and is now our North Star.Let’s talk…
How to set up an eBay Store
eBay is one of the oldest and most popular e-commerce platforms. eBay said in the first quarter of 2021 that the number of annual active purchasers on its platforms climbed by 7% to 187 million, with an average of 1.8 billion monthly site visits – second only to Amazon.
How to sell on Etsy
Etsy is a one-of-a-kind online marketplace where you can find unique things such as handmade, vintage, and creative items. Etsy.com is a community of makers, small-business owners, and customers that share a passion for bespoke items.
Three ways HR teams can leverage automation to create time for higher-value work
Whether you still call it Human Resources or have moved to new names like People and Culture, Talent Management or People Operations, the business function that manages the onboarding of new employees, the departures of those leaving and the employee experience in between is dependent on hundreds of processes.
In August, the Westpac-Melbourne Institute Index of Consumer Sentiment declined by 4.4 per cent to an 11-month low. The biggest falls in sentiment were for paraprofessionals and tradies (down 15.2 per cent), sales and clerical workers (down 13.3 per cent), and those aged 18-24 years experienced the greatest drops in confidence (down 10.5 per cent). In Melbourne, confidence fell 12.5 per cent, while in Sydney, it fell 3.9 per cent.
The NSW Treasury claims that a controversial $3 billion land and property sales objective will boost the state’s net worth, but NSW Labour and unions are requesting more information about the proposal to sell off state-owned assets. According to the Sydney Morning Herald, a briefing document labelled ‘sensitive’ ordered agencies to come up with $3 billion in land and property sales by 2023 in order to manage fiscal headroom and fund infrastructure.
The federal government issued a study emphasising the need to diversify the export business in order to reduce supply chain risks, but it made no mention of trade concerns with China. A joint trade committee has suggested that Australia diversify its exports to other nations and restrict its exposure to foreign economies that pose a threat to Australia’s interests and national security.
President Joe Biden’s administration is taking action both domestically and internationally to address concerns that rising energy prices are hampering the country’s recovery from the pandemic-induced recession. National Security Adviser Jake Sullivan asked the Organization of Petroleum Exporting Countries (OPEC) to operate more quickly to restore global petroleum supplies to pre-pandemic levels. While the White House has urged the Federal Trade Commission to look into anti-competitive behaviour in the domestic gasoline market that may be driving up prices.
The administration of US President Joe Biden has encouraged OPEC and its partners to increase the oil supply in order to combat rising gasoline prices, which they regard as a danger to the global economic recovery.
The US government posted a $302 billion budget deficit in July, a record for that month, as COVID-19 relief expenditure remained high and collections returned to a more regular pace following a delayed July tax deadline last year.
According to a city document, Amazon. com-backed electric vehicle (EV) firm Rivian is in talks to invest at least $5 billion in a new vehicle plant near Fort Worth, Texas.
Pakistan is reversing course on China’s Belt and Road Initiative, reportedly to please Beijing amid mounting security dangers to its in-country residents, interests, and investments. In a surprise and still unexplained move last week, Prime Minister Imran Khan declared, that billionaire Khalid Mansoor will be the country’s new point person for the Beijing-backed US$62 billion China-Pakistan Economic Corridor (CPEC) infrastructure-building programme.
The lockdown in Sydney has been extended until at least August 28th, with several new restrictions issued. As cases in Sydney’s west and south-west continue to rise, three additional local government districts have been put to a hard lockdown that now includes an outside mask mandate and a 5 km radius travel limit.
The Australian economy’s confidence has been shattered by repeated lockdowns, which have flattened economic conditions in the country’s most populous states. The monthly business survey from National Australia Bank found a 19-point drop in business confidence to minus eight, while the economic harm caused by the Delta outbreak lowered the conditions index by 14 points to 11.
Labor is planning a new move in parliament to keep Australia’s green bank’s renewable energy focus. Several attempts to overturn regulations allowing the Australian Renewable Energy Agency to invest in low-emission technologies have failed.
According to the Committee for Economic Development of Australia, Australia would suffer a manpower shortage of at least 110,000 direct aged-care personnel over the next decade unless immediate action is taken to boost the workforce (CEDA). The report, Duty of Care: Meeting the Aged Care Workforce Challenge, by the think tanks finds that unless prompt action is taken, the deficit will widen to nearly 400,000 people by 2050.
According to the Labor Department, worker productivity growth slowed in the second quarter, and labour expenses were significantly lower than originally projected in the first quarter.
According to media reports, India’s government is considering lowering tariffs on imported electric vehicles. This is a change from the Indian government’s previous strategy of levying hefty import taxes in order to stimulate domestic manufacturing. This standard is followed in a variety of businesses. Imported electric vehicles that cost less than US$40,0000, including the car’s cost, insurance, and freight, are now subject to a charge of 60%, with the government apparently seeking to reduce it to 40%. The import duty on electric vehicles worth more than US$40,000 is currently set at 100%, although it may be decreased to 60% in the future.
