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- 24SEP2021-FRI (copy 01)
24SEP2021-FRI (copy 01)
Let’s Talk: Has digital killed traditional advertising and media?
Friday 24th September 2021
Let’s Talk: Has digital killed traditional advertising and media?
Digital technology has changed our world. It has altered how we access news, entertainment and information, our work patterns, and our communication channels. How we buy and sell.So, as digital advertising and media continue to grow, have their traditional forms become redundant?id:2021-09-23-14:34:49:126tLet’s talk…
$20 million and counting — Crowd fundraising by fintech startups surges in 2021
Crowdfunding for fintech startups has already hit the $20 million mark this year. According to data from the recently released “2021 crowdfunding industry report” from equity crowdfunding platform (ECF) Equitise, startups in the nascent industry raised a record $19.5 million.
Inside the Melbourne-based startup that is leading the fight against ‘fast furniture’
When Melbourne eCommerce startup Collécte launched mid-lockdown in 2020, its founder, Melissa Giuffrida, decided to bring high-end pre-owned designer furniture and accessories into the circular economy.
How your brain changes when you become an entrepreneur
One minute you’re dreaming of bright lights, flashing cameras and the trappings of success. The next minute you’re in a state of near panic, gripped with a migraine, swirling thoughts and nausea, seriously wondering if this new venture of yours has all been a huge mistake and a job is what you need.
Payroll jobs fell 1.3 per cent in the final two weeks of August, with the greatest losses incurred in locked-down states and territories dealing with COVID-19 cases. According to the Australian Bureau of Statistics, the reduction compares to a 0.4% drop in the preceding two weeks. According to the ABS, the highest loss in the fortnight to August 28 was in the ACT, which was down 7.1%, followed by a 2.8% drop in Victoria and a 1.6% drop in NSW.
Australian shoppers might need to order their Christmas presents now if they want them to arrive in time. A global shipping crisis will make it difficult for customers to purchase Christmas gifts from abroad, as well as for retailers to keep their stores stocked for the holiday season.
Buy now, pay later giant Afterpay is expanding its soon-to-be-released banking app with a feature that will allow consumers to pay household bills in installments as well as layby debit card transactions on goods such as petrol and groceries. The ‘Money by Afterpay’ app is Afterpay’s major step into delivering banking services to a younger consumer base that is increasingly avoiding credit cards and avoiding traditional banks. Customers can use the advertised “retro” function for up to $200 of their total spending.
Robinhood Markets announced plans to begin testing cryptocurrency wallets next month, with wider deployment in early 2022, allowing users to transfer supported digital currencies in and out of their brokerage accounts.
Facebook admitted that it is underreporting the results of its advertising business on Apple iOS devices, recognising that the iPhone maker’s recent privacy measures have made it more expensive and harder for businesses to advertise on Facebook.
India and the United Arab Emirates intend to sign a Comprehensive Economic Partnership Agreement (CEPA) by the end of the year, with the goal of increasing bilateral trade by 70% in five years, according to both nations’ trade ministers. Trade Minister Piyush Goyal stated that both countries intend to sign an “early harvest” trade agreement soon before finalising the CEPA, which is expected to be implemented in March 2022.
The minutes of the Reserve Bank of Australia (RBA) Board meeting on September 7 was released. Due to the “severe” disruption to the economic recovery caused by the Delta variant outbreak, the Board decided to reduce its bond purchases from $5 billion to $4 billion per week until at least mid-February 2022. The Board also indicated that the cash rate is unlikely to be raised before 2024 since it does not expect to meet the conditions required for a return to full employment or its 2-3% inflation objective until then.
Scott Morrison has dismissed warnings that Australia’s decision to cancel a $90 billion French submarine contract risks destabilising free-trade talks with the European Union. The prime minister insists that Australia must act in its national interests and is confident that issues can be addressed in the coming months.
During the most recent lockdowns in NSW and Victoria, the number of people and small businesses getting financial hardship aid from banks has skyrocketed. According to new ABA data, more than 57,000 customers are receiving assistance, including more than 30,000 repayment deferrals on home and business loans.
Twitter has agreed to pay $US809.5 million ($A1.1 billion) to settle a consolidated class-action lawsuit alleging that the business misled investors about how much its user base was growing and the number of time users spent on its platform. The San Francisco-based company stated that the proposed settlement, which still needs to be approved by a judge, ends all claims against it without Twitter admitting any wrongdoing.
In August, U.S. home construction increased by 3.9 percent, which was higher than expected, with apartment construction setting the pace. According to the Commerce Department, the August surge put home construction at a seasonally adjusted annual rate of 1.62 million units, 17.4 percent more than a year ago. In July, housing starts fell by 6.2 percent.The improvement in August came from a 21.6 percent increase in apartment unit building, which countered a 2.8 percent decline in single-family homebuilding.
Prices in the G20 group of major economies will rise faster than before the pandemic for at least two years, according to a leading global body. Higher commodity prices and shipping costs are driving up inflation, according to the Paris-based OECD policy forum. According to the OECD, inflation in the United Kingdom is anticipated to be over 3% by the end of 2022, the highest rate among advanced economies. In contrast, inflation in the United States, France, and Germany is expected to fall.
Amazon has initiated an investigation into bribery claims leveled against some of its Indian representatives. According to the Indian news and analysis outlet The Morning Context, the US e-commerce giant ordered an investigation after receiving a complaint from a whistle-blower who claimed that one or more of the company’s legal representatives misused money intended for legal fees and instead used it to bribe the government officials.
