- Dynamic Business
- Posts
- 13OCT2021-WED
13OCT2021-WED
How small businesses can better manage boundaries
Wednesday 13th October 2021
3D bioprinting tech wins Australian Museum Eureka Prize 2021
On Friday, the Australian Museum Eureka Prize 2021 announced that the RASTRUM printer developed by Inventia Life Science had won first place in its Eureka Prize for Innovative Use of Technology. Inventia’s 3D bio-printer RASTRUM uses inkjet printer technology to print lifelike human cells. The revolutionary technology will advance researchers’ ability to understand how new drugs and treatments will react with real living cells. The technology is currently being used to print cancer cells so researchers can test and optimise chemotherapy and other cancer treatments.
SMEs falling short in data privacy obligations: Zoho Report
The vast majority of Australia’s 2.4 million small businesses are inadequately prepared for sweeping changes to the Commonwealth Privacy Act, according to new research from leading global technology platform, Zoho, which found that only one-third of small businesses currently have a defined and documented data privacy policy.
How small businesses can better manage boundaries
Small businesses across Australia are feeling the weight of the past year and a half. Burnout is on the rise, and business owners report feelings of anxiety and stress at high levels. In fact, seventy per cent say this period has taken more of an emotional toll on them than ever before. Many small businesses in lockdown-affected areas have once again shifted their approach to operate online and are facing added pressures to stay up-and-running and connect with customers in new ways.
How to achieve exponential growth during COVID-19
The implications on running a business during the pandemic are immense – livelihoods lost, a huge increase in mental health issues, and businesses fighting to stay afloat.I am often asked how I navigated this difficult time while growing the business, innovating, and looking after our customers. Here are some insights into what The Healthy Mummy did to ensure we came through the other side.
According to a Treasury insight report, $27 billion was given to businesses in Australia that did not meet the scheme’s 30 per cent turnover eligibility requirement during the first two quarters of 2020, which were hit by the coronavirus pandemic. Of those funds, $13.8 billion went to companies that reported more turnover than the previous year. 480,000 individual employees are covered by the payments made to profit-making businesses.
The Australian aviation sector may see a new entrant in the new year as independent carrier Bonza prepares to give more options to budget-conscious travellers. Bonza, which is backed by the US private investment group 777 Partners, is expected to launch in early 2022, subject to regulatory permission. Australia is the only country in the top 15 domestic aviation markets that lacks an independent low-cost airline, and the budget end of the local market has remained dormant since the collapse of low-cost airline Tigerair Australia by parent company Virgin Australia in September 2020.
Following damning testimony that its platforms harm children, Facebook will introduce various features, including asking kids to take a break using its photo-sharing app Instagram, and “nudging” teens if they are continually viewing the same information that is not conducive to their well-being. Facebook, based in Menlo Park, California, also plans to give additional restrictions for adults of teens on an opt-in basis, so that parents or guardians can monitor what their teens are doing online.
Flooding in northern China has severely damaged a major coal production centre, sending coal prices skyrocketing and hindering Beijing’s efforts to address continuing power shortages.According to a statement made Saturday by the provincial government’s Emergency Management Bureau, heavy rains have forced the closure of 60 coal mines in Shanxi province, China’s largest coal mining region. The province produces one-quarter of the country’s coal.
According to Chinese media, US-China ties will improve only if the US lowers tariffs on Chinese imports and removes Businesses from its entity or special restrictions list.According to two commentaries released by official media, China would not stop developing its high-tech industry at the United States behest as the two countries will only achieve mutual benefits under international rules.
A court judge concluded that a variety of insurance coverage did not protect small businesses from financial losses during COVID-19, dealing them a “major setback.” The Federal Court’s decision in a key test case implies that insurance companies may be able to avoid paying out billions of dollars. The court determined that the insurers would not be required to pay out on the bulk of the nine business interruption (BI) policies presented to it for assessment.
The president of the National Farmers’ Federation will address federal Nationals. According to Fiona Simson, farmers must be reimbursed for land-clearing legislation enacted in the 1990s and 2000s. These policies helped Australia in meeting its Kyoto Protocol commitments. The National Party is examining how it may support the Coalition’s support for a net-zero emissions target by 2050 ahead of a global climate meeting in Glasgow at the end of the month.
China will increase oversight of the online payments industry and continue its anti-monopoly crackdown, according to the governor of the central bank, implying that Beijing will go on with a regulatory crackdown on the country’s technology behemoths. Authorities have been investigating a number of homegrown internet giants, including Alibaba and food delivery giant Meituan, for alleged monopolistic behavior and aggressive data harvesting for almost a year.
Fears that the UK is on the verge of a trade war with the EU have been fueled by strong indications from the government that it thinks ideas on Brexit arrangements to be published in Brussels do not go far enough. David Frost, the Brexit minister, will use a speech in Portugal to declare that the EU lifting its ban on British sausages to resolve the Northern Ireland protocol dispute does not fulfil the demands of the UK and unionists. Lord Frost will demand “substantial” modifications to the post-Brexit accord he negotiated, including alterations to the role of the European Court of Justice, which the EU is unlikely to grant.
An energy crisis is looming over India as coal supplies decrease, complicating the recovery of Asia’s third-largest economy in the aftermath of the pandemic. The majority of India’s coal-fired power facilities now have only a few days’ worths of supplies. R. K. Singh, Federal Power Minister, told the Indian Express newspaper this week that he was ready for a “tough five to six months.”
