Funding Roundup: Double Mega Capital Raises This Week

Latest business news and storie

Author

Maziar Foroudian
July 29, 2023

Latest Stories

This weekly feature from Dynamic Business runs down the week’s top funding rounds from Australia.

Japanese SMEs are eyeing net zero opportunities in Sydney.

Global Sisters receives more than $736,000 from Google.org to support 100 women with disabilities to create sustainable self employment and economic security.

CapTech 2023 will be held in Sydney from 24-27 October, featuring dynamic discussions, unparalleled networking, and game-changing collaborations, with a grand global summit taking place at ICC Sydney on 25 October.

Nicholas Woodward, Country Manager of PACK & SEND, dives into the different courier options for businesses of any size and thought this would be an interesting article to share.

A new tool is set to be launched by RIMPA.

Xero’s Small Business Index (XSBI) has revealed Australian small businesses have been resilient to recent economic challenges of the first half of the year.

Top stories

Aware Super, Australian Retirement Trust, AustralianSuper, Cbus, and UniSuper are shifting their investment focus from struggling office and retail properties to infrastructure, tech, data centers, and renewable energy. These long-term, high-growth sectors present attractive opportunities for the funds.

Australia

The debate over how often unlisted assets in super funds should be valued has intensified after funds revealed significant write-downs on office towers. This article explores the potential consequences of inaccurate valuations on retirement savings. APRA has released guidance stating that quarterly revaluations are expected.

Treasurer Jim Chalmers has refused to release communications between the Australian Tax Office and Australian Federal Police in 2019 regarding the PwC tax leak scandal, citing concerns over an ongoing criminal probe. Chalmers has previously criticized PwC's behavior.

While overall inflation may be slowing, rents in major Australian cities are still skyrocketing. Despite seeming low, these rent increases have many questioning the true state of the market. Find out more.

World

The Biden-Harris administration has surpassed its goal, awarding small businesses 26.5% of federal contract dollars, boosting the economy with a $162.9 billion investment. Discover the impact of this record-breaking achievement.

In the midst of uncertainty, October 2022 presents a tempting buying opportunity in the stock market, reminiscent of John Templeton's philosophy of "maximum pessimism." The market's progress has followed the stages of a bull market, leading to the possibility of euphoria.

Japan's shift in its benchmark government bond policy has sent ripples through global markets. The move reflects rising inflation and weakened yen, sparking speculation of a complete policy abandonment.

China's new central bank boss faces the challenge of combating deflation. Falling prices pose immediate dangers for policymakers and could delay China's emergence as the world's biggest economy.

Tech

As AI automation threatens to replace jobs, women are at a higher risk of needing to transition to new occupations than men, particularly in female-dominated industries. A new report urges employers to change their hiring practices and utilize AI to find and hire diverse candidates.

Curated for you

Attention all Google users! You may be eligible for a piece of a $23 million settlement. Time is running out to make a claim, so don't miss out on your chance for compensation!

Efficient communication is crucial for businesses, especially when you have remote workers. Find out which business messaging app is best suited for your needs with our detailed reviews. Slack and Microsoft Teams are the top contenders, but we also explore other options. Consider important criteria such as chat storage limitations, video and audio chat capabilities, user-friendliness, and technical support. Choose the app that solves your communication issues and enhances productivity.

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