ASX: The local share market is expected to edge higher this morning despite a overnight.
Ageing population: Australia never quite got the COVID-lockdown baby boom some experts were expecting and, instead, our population got older.
thanks to COVID-19 and this is expected to put pressure on a shrinking pool of workers.
New government population data found the median age grew from 38.4 years to over 40 within a decade.
Anti-crash? A that could warn drivers about potential collisions, road accidents, hazards and congestion is closer to launching in Australia after the Government asked for feedback on the technology.
The Co-operative Intelligent Transport System could send internet-connected vehicles alerts based on their location and let smart vehicles "talk" to one another about potential hazards or hard-to-see pedestrians.
Sick leave: The Victorian government has been tight-lipped on how its would be funded if it became a fully fledged scheme.
Almost 10 months into a $245 million, two-year trial, Victoria's sick pay guarantee has paid out about $19 million and received more than 80,000 claims from casual and contract workers without such entitlements.
Housing crisis: The wait list of people needing has increased for the first time since 2016, with about 1,000 more people in line for a home.
As of June 2022, there were 51,031 approved for social housing but waiting for a property to become available, compared to 49,928 the year before.
Job losses: Amazon will lay off a further 18,000 roles as part of a it previously announced, CEO Andy Jassy told staff.
The layoff decisions, which Amazon will communicate starting from January 18, will largely impact the company's e-commerce and human resources organisations, he said.
Airbus and Qatar Airways have settled a dispute over grounded A350 jets, the companies said on Wednesday, averting a potentially damaging UK court trial after a blistering 18-month feud that tore the lid off the global jet market. The "amicable and mutually agreeable settlement" ends a $2 billion row over surface damage on the long-haul jets. The spat led to the withdrawal of billions of dollars' worth of jet deals by Airbus and prompted Qatar to increase purchases from Boeing.
A chip industry group is warning that if U.S. allies do not adopt curbs on semiconductor manufacturing equipment to China that are comparable to U.S. controls, they will not be effective. The warning came after news of an agreement by the Netherlands and Japan to curb chipmaking exports to China to align with rules the Biden Administration imposed in October. SEMI, which represents the semiconductor and electronics manufacturing supply chain, said it had a shared interest in strengthening U.S. national security and welcomed the agreement with Japan and the Netherlands.
The European Union's ban on Russian fuel imports that begins next week is expected to keep profit margins high this year at U.S. oil refiners, executives said on Tuesday, as global fuel trade shifts. A Feb. 5 ban on Russian fuel product imports could keep margins high this year and strain inventories of distillate fuels and vacuum gasoil (VGO), a key Russian intermediate, refiners said on first quarter earnings calls. Exxon Mobil, Marathon Petroleum and Phillips 66 on Tuesday posted strong 2022 refining results, citing high demand for diesel and jet fuel and elevated operating rates.
Japanese power utilities are stepping up efforts to cut thermal coal import costs by switching to lower quality grades and widening import sources, company officials said, as Tokyo looks to fight inflation and boost energy security. The measures include burning more of cheaper low-to-mid-grade coal and seeking new suppliers in Africa and South America, they said, as the world's No. 3 coal importer has sharply reduced imports from Russia, sanctioned for its invasion of Ukraine.
The United States remained the most important destination for German exports in 2022 for the eighth consecutive year. German exports to the United States in 2022 were well above the previous record of 122 billion euros in 2021. "The United States has been the most important export market for German companies since 2015," Melanie Vogelbach, managing director of international economic policy at the German Chamber of Commerce and Industry (DIHK), said on Wednesday.
Tesla Inc suppliers are bracing for pressure from Chief Executive Elon Musk and his team to cut their prices further after the electric car leader aggressively slashed vehicle prices in a slowing economy, industry officials who work with the automaker and its suppliers said. The suppliers saw as ominous last month's comments by Tesla Chief Financial Officer Zach Kirkhorn that the carmaker was "attacking every other area of cost" including the supply chain, and would work closely with suppliers. During Tesla's earnings conference call last week, Musk said a recession could lead to "meaningful decreases" in almost all its input costs.
1. Amazon: Is the cloud actually underestimated? E-commerce pioneer Amazon (NASDAQ: AMZN) operates in many countries worldwide and has a 37.8% market share in its home U.S. market. With the global e-commerce industry projected to grow at a steady rate for the rest of this decade, Amazon has a clear opportunity to grow its revenue for many years if it can retain this market share lead.
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