Billion-dollar problem looming as rising seas encroach on Busselton’s landmark beachfront

Billion-dollar problem looming as rising seas encroach on Busselton’s landmark beachfront

Resort owner Greg Tickle’s family has been hosting tourists on some of Western Australia’s most pristine coastline for generations.  Key points: Coastal erosion and rising sea levels could leave entire suburbs of Busselton under water within 100 years The local council says the issue needs long-term thinking from state and federal governments  Some areas will … Read more

Doma Group Files Final Stage of Canberra Masterplan

Doma Group Files Final Stage of Canberra Masterplan

Canberra developer Doma Group has lodged plans for the final stage of its 600-apartment masterplan in Canberra’s southwest. The application forms part of the developer’s four stage The Melrose development, planned for a 1.1ha island site at the western edge of the Woden Town Centre in Philip—a once thriving hub of public service and retail … Read more

General Electric Sets Healthcare Division Spinoff Plans

General Electric Sets Healthcare Division Spinoff Plans

The planned spinoff of GE HealthCare Technologies is part of General Electric’s overall plan to split into three separate public companies. Photo: Charles Krupa/Associated Press Updated Nov. 30, 2022 9:03 pm ET General Electric Co. set the terms for the spinoff of its healthcare division, putting an initial value of roughly $31 billion on the … Read more

Hennes & Mauritz to lay off 1,500 workers, book restructuring charge of around $75.6 million

Hennes & Mauritz to lay off 1,500 workers, book restructuring charge of around .6 million

STOCKHOLM–Sweden’s Hennes & Mauritz AB said Wednesday that it expects to book a restructuring charge of just over 800 million Swedish kronor ($75.6 million) in the fourth quarter related to its cost-cutting program. The fashion retailer HM.B, +0.49% has previously outlined plans to reduce annual administrative and overhead costs by around SEK2 billion in a … Read more

Hennes & Mauritz to Book 4Q Restructuring Charge of Around $76 Mln

Hennes & Mauritz to Book 4Q Restructuring Charge of Around  Mln

By Dominic Chopping STOCKHOLM–Sweden’s Hennes & Mauritz AB said Wednesday that it expects to book a restructuring charge of just over 800 million Swedish kronor ($75.6 million) in the fourth quarter related to its cost-cutting program. The fashion retailer has previously outlined plans to reduce annual administrative and overhead costs by around SEK2 billion in … Read more

Climate Council report finds Queensland bears highest cost of climate disasters in Australia

Climate Council report finds Queensland bears highest cost of climate disasters in Australia

Queensland suffered more economic damage from extreme weather disasters than any other state or territory, and more extreme weather is on the way. Key points: Disasters have cost Queensland about $30 billion since the 1970s The former QFES commissioner says the disaster management system is under pressure Public infrastructure damage in south-east Queensland has cost $492 … Read more

AMC stock prices soar after Amazon announces $1B annual investment – Good Morning America

AMC stock prices soar after Amazon announces B annual investment – Good Morning America

AMC stock prices soar after Amazon announces $1B annual investment  Good Morning America Amazon Plans To Spend $1 Billion Annually Producing Theatrical Films  Screen Rant Going Viral: Amazon’s Movie Theater Push  Bloomberg Technology Amazon plans to invest $1B a year in movies for theaters  BNN Bloomberg Amazon Looks at Making a Dozen Theatrical Movies Every Year  Gizmodo View Full Coverage … Read more

Central banks must buy bitcoin to hedge against sanctions: Harvard Ph.D. candidate

Central banks must buy bitcoin to hedge against sanctions: Harvard Ph.D. candidate

A research paper published at Harvard University is advocating that central banks should buy bitcoin BTCUSD, +2.56% as a hedge against sanctions by other countries. The paper, titled “Hedging Sanctions Risk: Cryptocurrency in Central Bank Reserves,” was authored by Ph.D. candidate Matthew Ferranti from Harvard’s economics department, and likens central banks’ gold reserves to potential … Read more

China Dials Back Property Restrictions in Bid to Reverse Economic Slide

China Dials Back Property Restrictions in Bid to Reverse Economic Slide

For much of the past year, China’s economy has been reeling under Xi Jinping’s dual campaigns to rein in soaring property prices and to stamp out any traces of Covid-19 within the country’s borders. Now, as he moves to loosen pandemic restrictions, China’s leader, Mr. Xi, is signaling a reversal of his real estate crackdown, … Read more

Government plans raid on ‘landlords and entrepreneurs’ to plug £50 billion hole – with…

Government plans raid on ‘landlords and entrepreneurs’ to plug £50 billion hole – with…

3 November 2022, 23:57 | Updated: 3 November 2022, 23:58 Rishi Sunak and Jeremy Hunt are reportedly planning to increase capital gains tax. Picture: Getty The government is planning to beef up taxes on entrepreneurs, landlords and savers in a bid to plug the £50 billion black hole in Britain’s finances, according to reports -after … Read more