Protectionism

Australians’ living standards are being risked by governments rushing to protect local businesses and post-COVID supply chains while using taxpayers’ money to reduce greenhouse gas emissions, the nation’s top independent economic agency has warned. The Productivity Commission, in its annual stocktake of federal government assistance to the business sector, found…

BHP Group Ltd. Chief Executive Officer Mike Henry has warned too much government intervention in global critical minerals supply chains could undermine efforts to fight climate change. Author of the article: Bloomberg News James Fernyhough Published Jun 26, 2023  •  Last updated 14 hours ago  •  2 minute read Trucks transport…

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SCED attends OECD meeting in Paris (with photos) ************************************************      The Secretary for Commerce and Economic Development, Mr Algernon Yau, attended the Ministerial Council Meeting of the Organisation for Economic Co-operation and Development in Paris, France on June 7 (Paris time).        Speaking at a discussion session on trade…

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The US will subsidise North American-made electric vehicles, sparking responses from other rich countries – but there are concerns on the effects on the developing world. As rich countries compete to get electric vehicles made in their countries, the head of the International Monetary Fund (IMF) warned that a “slide…

Bishop & Taylor’s wide-ranging discussion in this episode takes in the 90-year-old Buy American Act, concrete made from seashells, problems with reinforced autoclaved aerated concrete and what plant-hire companies want from the upcoming budget statement. 22nd February 2023: Episode 122: Listen online  www.theconstructionindex.co.uk/podcast Re:Construction Podcast: A fortnightly podcast in which veteran construction…

In 2023, TIME will once again recognize 100 businesses making an extraordinary impact around the world. Applications for the TIME100 Most Influential Companies of 2023 are open, now through March 1, 2023. Apply here. While many of the delegates at the World Economic Forum’s annual meeting this year used the…

Protectionism as a result of fear meant the governments closed down borders, making it difficult to export vaccines, says Albert Bourla, Pfizer's chief executive officer Topics Pfizer | Davos | World Economic Forum Agencies  Last Updated at January 20, 2023 00:46 IST Pfizer CEO Albert Bourla Pfizer’s chief executive says the biggest challenge the…

There is optimism that the US Federal Reserve is on target to curb inflation, with tighter monetary policy slowing consumer demand just as supply eases – and bringing a softening, or even pausing, of rate increases sooner than anyone had expected. The Reserve Bank here may follow suit. Sharemarkets, always…