Don't be fooled!

The truth behind corporate climate commitments

Author

Maziar Foroudian
July 23, 2024

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Greenwashing or genuine commitment? A thought-provoking report reveals how some of Australia's biggest companies are undermining their own climate efforts through covert lobbying. Learn about the legal risks and what businesses can do to truly support climate policies and make a positive impact.

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Many founders find themselves not “done” after a big exit, leading them to start new ventures. Jyoti Bansal sold AppDynamics to Cisco for $4B, then founded Harness. Others, like Auren Hoffman and Rene Lacerte, also started successful ventures post-exit.

Small business operators in Australia face an uphill battle, with nearly half considering closing shop due to cost pressures and red tape. Regulatory changes loom large, prompting calls for greater support and education.

Australia

The ACCC is warning small businesses of potential scams following the CrowdStrike and Microsoft outage. Criminals use incidents like this to exploit people, so it's essential to be cautious and verify any unsolicited communications to protect against scams.

Orderoo, a new on-demand service platform in Melbourne, offers a wide range of services delivered to your doorstep. With a user-friendly app, vetted service providers, and flexible hiring options, Orderoo aims to revolutionize the industry.

Australia's unemployment rate rose slightly to 4.1 percent in June, with job vacancies still high. Despite a small increase, the labor market remains tight, with employment rising by 50,000. Interest rates are expected to remain stable.

Australian taxpayers lost $250 million in revenue in 2023 due to a loophole exempting large American-style utes from the Luxury Car Tax. These vehicles contribute to road damage, safety concerns, and higher emissions. The exemption makes utes more economically attractive than other cars.

Australian Economy

Men's loneliness is influenced by work insecurity and societal views on breadwinning. Unemployment and insecure jobs contribute to isolation. Shifting social norms and government interventions can help combat male loneliness. Employers can foster connections and work-life balance.

Changing banks can be daunting, but necessary. After years of lackluster service, one business decided to switch their transactional banking to a small-town office in Adelaide, resulting in better rates and service.

World

The U.S. Small Business Administration is providing $3 million in funding to enhance cybersecurity for small businesses through the Cybersecurity for Small Businesses Pilot Program. Applications for grants are open until August 2. It aims to strengthen small businesses' ability to combat cyber threats.

The U.S. Supreme Court’s recent term saw key victories for small businesses, with the NFIB filing briefs in 12 cases and winning significant rulings. The decisions limit government overreach and protect entrepreneurs' rights.

Despite initial doubts, Joe Biden leaves a transformative legacy as president, passing important legislation and achieving significant milestones in healthcare, infrastructure, and foreign policy. Aging improved his decision-making, making him one of America's better presidents.

China's Communist Party leaders released a plan on Sunday aimed at boosting the country's slowing economy, with a focus on high-tech industries and government investments. However, the document fell short of addressing key issues like real estate prices and consumer spending.

The latest U.S. employment report shows a cooling economy, pushing expectations for a Federal Reserve rate cut. Job gains are slowing, with markets reacting positively. Fed Chair Powell's upcoming testimony and June inflation data will provide more insight.

Tech

Smartsheet has integrated Amazon Q, a generative AI assistant, into its operations to enhance productivity and streamline knowledge management. This partnership with Amazon Web Services boosts efficiency by providing instant answers to employees’ questions in a Slack chatbot named @AskMe.

A teenage boy was arrested for the 2023 MGM Resorts ransomware attack. Twitch reinstated Trump's ban. Microsoft Windows BSOD outage affected companies. Samsung halted Galaxy Buds 3 Pro shipments. Rare black hole discovered in Germany. Exciting tech deals post-Prime Day.

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Despite fears of nation-state cyber attacks, America's recent national digital meltdown was caused by human error, highlighting the fragility of interconnected networks. Efforts to improve cyber resilience are underway, but vulnerabilities remain.

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