BUSINESS NEWS

Working Australians pay taxes in real-time. Now the richest Australians should also be paying tax in real time.

Because the wealthiest Australians earn a lot of their money in a different manner, they are subject to a different tax.

BUSINESS News by Bill Phinigan on March 15, 2023

What the collapse of Silicon Valley Bank means for science start ups

Bailouts ensure customers' deposits are secure, but concern has been raised about the future of small tech companies and investment in them.

BUSINESS News by Henry Thompson on March 15, 2023

Saudi Aramco Reports Gargantuan $161 Bn in Profits

Ann Arbor (Informed comment) - CNBC's Dan Murphy reports that the huge Saudi Aramco oil company made a record $161 billion profit for 2022. Amin Nasser, the CEO of the company, said that this was probably one of the largest profits ever made.

BUSINESS News by Dmitrios Predas on March 15, 2023

Signature Bank's Signet Platform still works

A source told CoinDesk that the real-time payments platform, which is popular among crypto businesses, will continue under the new Signature Bridge Bank entity.

BUSINESS News by Olga Vaher on March 15, 2023

CFTC hires Circle executives

The technology advisory committee aims at helping the CFTC "identify and understand the impacts and implications technological innovation in financial markets and services."

BUSINESS News by Carmen Schmidt on March 15, 2023

Nuclear submarine deal ‘to generate jobs’

Prime Minister Anthony Albanese stated that Australia is informing neighbouring countries about its plans to build nuclear submarines before the United States announces it. Local media reported that the program could create 20,000 jobs.

BUSINESS News by Merike Laur on March 15, 2023

Analysis: Russia's sanctions shift oil price-making power away from Europe to Asia

LONDON - The West's sanctions on Russian and Iranian oil have channeled cheap fuel to Asia, thereby reversing a decades-old trend in which Asia has paid more for energy than Europe.

BUSINESS News by Gregory Nicola on March 15, 2023

Analysis: Russia sanctions shift power to set oil prices from Europe to Asia

According to analysts, traders, and Refinitiv Eikon data, the West has imposed sanctions on Iran and Russian oil, allowing Asia to get cheap fuel.

BUSINESS News by Chia Kai Wen on March 15, 2023

Most Poles believe that ruling conservatives will be around for the long-term

According to more than half of the Poles who responded to a survey ...., the country's upcoming parliamentary elections won't change its power dynamic. The current conservative coalition is expected to win its third consecutive victory.

BUSINESS News by Dmitrios Predas on March 15, 2023

Jennifer Grey is facing serious health issues. What happened to Jennifer Grey?

We have sad news for Jennifer Grey, one of the most beloved actresses from the 1980s...Some movies are overlooked by the audience while others are timeless classics that attract the attention of the public.

BUSINESS News by Dmitrios Predas on March 15, 2023