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Resources and support for rural entrepreneurs
Mentorship, community support, and networking
Maziar Foroudian
February 27, 2024
Latest Stories
Discover the hidden gem of Australia - its thriving rural entrepreneurial community. Learn how businessDEPOT, a brainchild of entrepreneur John Knight, is levelling up the competitive field while addressing the challenges of rural entrepreneurship. Read more on how mentorship, community support, and networking are key to success and mental well-being!
Australia is investing $20M in Indo-Pacific trade, strengthening key areas like e-commerce and climate adaptation plans. Learn about their plans, the WTO's role, and how this strategy is designed to enable sustainable long-term economic growth in the region.
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Top stories
Why everyone is suddenly talking about Nvidia, the trillion-dollar company fueling the AI revolution
Nvidia, a key player in the rise of artificial intelligence, has seen a surge in demand for its GPUs, surpassing market expectations. Its specialization in parallel computing gives it a competitive edge in the tech industry.
The Australian government is releasing detailed pay gap data for companies, revealing disparities in base salary and total remuneration between men and women. The data aims to highlight biases in hiring and promotions, shedding light on the value placed on women's work.
Black representation in corporate leadership remains low despite progress towards racial equity. Research shows investor bias can impact market reactions to Black CEO appointments, but performance often matches that of peer CEOs.
Australia
In cybersecurity, effective teamwork is crucial to prevent major incidents. Key ingredients for success include a Cyber Incident Review Board and government coordination. By aligning interests and focusing efforts, Team Australia can be prepared for any cyber threats.
Australian venture capital firms are struggling to secure funding, while US funds are seeking Australian investors. The industry faces challenges after the burst of the start-up bubble. Local VC firms are finding it hard to raise new funds.
Australian start-up Quasar Satellite Technologies has been chosen as the only international participant in the Catalyst Accelerator program, offering connections, mentorship, and business development opportunities. Their advanced phased array system shows promise in Space Domain Awareness.
World
Desjardins Group predicts the Bank of Canada will cut interest rates by half by the end of 2025, starting as early as April. This move aims to provide relief amidst economic challenges and a potential recession.
Investors and economists remain cautiously optimistic about company earnings, despite sticky inflation risks and consumer weakness. Energy companies are struggling due to falling commodity prices, but technology and consumer staples sectors show resilience. Markets anticipate rate cuts.
Perpetual Bitcoin futures show increased open interest while short positions close in latest rally. MicroStrategy continues to buy big on Bitcoin, with $155.4 million purchase this month. Michael Saylor's bullish stance on Bitcoin as inflation hedge remains strong.
Social media companies face a pivotal Supreme Court case that could impact their ability to police content. New laws in Florida and Texas aim to restrict their ability to ban political figures, prompting a legal battle over free speech online.
Tech
Google has paused an AI tool generating inaccurate historical depictions, sparking competition with OpenAI and Microsoft. Since launching Gemini AI models, Google faces backlash for inaccuracies. The company aims to improve accuracy and historical context.
The Dow, comprising 30 “blue-chip” stocks, is not the main Wall Street measure, but its recent changes reflect the evolving economy. Amazon replaces Walgreens due to Walmart’s split, showcasing the Dow’s historical divergence from the S&P 500’s tech-heavy performance.
Google Chrome will eliminate third-party tracking cookies by the end of 2024, impacting targeted advertising. Marketers will need to focus on direct message marketing, utilizing email, text, and messaging apps for strong engagement, personalization, and cost-effectiveness. Obtaining subscribers remains a challenge.
Curated for you
Statistics reports that renters have a lower quality of life than homeowners. Renters are more likely to report loneliness and struggle financially, facing challenges in housing affordability.
Tax season is a prime time for scammers to prey on stressed consumers. By posing as IRS representatives, they trick victims into handing over personal data or file fraudulent tax returns to claim refunds. Stay vigilant to avoid falling victim.
In this article, Jason Lemkin discusses a strategy for startups to increase deal size by quoting twice their highest price to potential customers. By providing true solutions to big problems, companies can successfully upsell and increase revenue.
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