Wealth inequality As part of the report, we explored the extent of wealth inequality in major countries around the world by observing the percentage of millionaires’ wealth control. A higher percentage indicates that the country’s wealth is less averaging. For example, if a high net wealth person controls more than 40% of a country’s wealth,…
According to reports, Interior Minister Peter Dutton (Daton) is preparing to expand the power of spy agencies in Australia. Federal Interior Minister Dutton said that he is currently considering new plans to expand the power of Australian spy agencies to collect intelligence and shut down domestic cyber attacks. The Australian spy agency is called The…
According to reports, the newly appointed leader of the Labor Party, Anthony Albanese, reminded the government that they can accept the New Zealand government’s proposal to receive refugees from some of the qualified Nauru Island Refugee Centers. Interior Minister Peter Dutton confirmed in an interview with ABC Television on Sunday that it is currently about.…
Huawei’s chairman announced that Huawei will continue to stay in Australia and said that it will eventually overcome the government’s ban to participate in Australia’s 5G launch. Chairman John Lord stood in front of the parliament building and announced that he would continue to renew the sponsorship agreement with the Canberra Raiders football team. He…
Rob Scott, CEO of Wesfarmers, said the company is preparing to develop lithium reserves in Western Australia. Australia can also seize this opportunity to become a major producer and exporter of electric vehicle minerals. Earlier this year, Wesfarmers acquired Kidman Resources for $776 million. Kidman Resources has huge reserves of lithium minerals in Western Australia.…
3 National operations and trends 3.1 Trends in wealth growth over the past decade Global wealth has grown by 26% in the past decade (from $161 trillion in 2008 to $204 trillion in 2018), and during this period, Asian wealth growth has contributed significantly to global wealth growth. The table below lists the top wealth…
This report covers the overall trends in global wealth and immigration wealth over the past decade and forecasts for trends in the next decade. The table below table breaks down the various wealth categories we saw in this report. Wealth refers to a wealth of valuable financial assets or physical assets that can be converted…
Coles CEO Steven Cain has launched a restructuring of the headquarters, which will result in 450 jobs being cut and two senior executives will leave. On Thursday morning, Coles employees at the headquarters of Toorongga in Melbourne’s East Side were told that 450 jobs would be laid off. Coles will not fill vacant positions, so…
The odds of another interest rate cut have been slashed as weak jobs figures drive up expectations of a cut in July and pressure mounts on the government to bring forward $12 billion worth of tax cuts to stimulate the economy. Investment bank UBS and left-wing think tank Per Capita have both backed the case…
Shared travel giant Uber announced that Melbourne was selected as one of the three cities that can experience Uber Airlines before others, and began testing in 2020. In a statement on Wednesday, Uber announced that Melbourne will become a pilot city for aviation services with Los Angeles and Dallas. This service is designed to “open…