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Many countries still need to clean up their act on anti-corruption and whistleblowing protections. Shutterstock

Anti-corruption bar set higher, but Australia still has more to do

Despite the adoption of a third two-year G20 Anti-Corruption Action Plan, corruption received only a few lines in the latest G20 leaders’ communique. The credibility of the G20 as a whole now rests on…
Millions of people around the world rely on money transfer operators to send funds to their families. Gregory Wake/Flickr

Bankers are about to ensure money transfers go underground

Next week, Australian bank Westpac will become the last of the big four banks to stop serving money transfer operators, amid concerns about breaching laws on money laundering and terrorist financing. There…
Australians are increasingly tuning in to traditional broadcast television stations. www.shutterstock.com

Television is not dead, it’s just changing channels

Netflix will launch in Australia and New Zealand in March next year. Expectations are this is just the start of an influx of new streaming options in Australia. The internet and television are increasingly…
Uber’s take no prisoners approach to marketing has won it some influential critics. Dan Peled/AAP

Love it or loathe it, Uber is punching above its weight

I took two separate rides with two different UberX drivers yesterday. At no time did I feel as though my life was in danger. But in danger I was, at least according to several factions debating the safety…
The ABC, known for innovating in digital media, is facing increasing budget pressure. Sarah_Ackerman/Flickr

ABC budget cuts will hit media innovation

Of the many media organisations making the transition towards digital, the ABC is one of the most advanced. So in the face of a $254 million budget, or “back offices” cut, as Communications Minister Malcolm…
Australian companies still face highly competitive and complex markets in China despite the China-Australia Free Trade Agreement. Lukas Coch/AAP

Beyond the FTA: China still tough for Aussie companies to crack

During the APEC meeting in Beijing, President Xi Jinping announced China will spend US$10 trillion on imports over the next five years and US$1.25 trillion in foreign investment over the next ten years…
Finance Minister Mathias Cormann says Medibank Private shares are expected to cost retail investors around $1.55-$2 per share. Dan Himbrechts/AAP

Medibank Private float offers retail investors an early Christmas gift

The privatisation of Medibank Private will be complete next Tuesday when the company lists on the Australian Securities Exchange. That’s exactly one month before Christmas Day and all indications suggest…
All eyes are on the renminbi. David Dennis/Flickr

The China FTA and the rise of the redback

Australia’s free trade deal with China will invariably boost bilateral trade and investment. But how trade and investment are settled also matters. Given the rise of the renminbi (RMB) in recent years…
Company demergers are occurring in record numbers in the United States this year. www.shutterstock.com

Rise of corporate divorces leads to fleeting gains

For the global mergers and acquisitions market, 2014 has been a year of strong recovery. According to Mergermarket, global M&A value in the first three quarters reached over US$2.5 trillion – a record…
Communications Minister Malcolm Turnbull is looking for greater efficiency from both the ABC and SBS. Alan Porritt/AAP

With budget cuts coming, ABC and SBS stand divided

Did SBS chief executive Michael Ebeid score a well-timed free kick or an own goal in his attack on the ABC this week? The ABC recently secured the free-to-air television rights for the Asian Cup football…
Gail Kelly leaves Westpac with women holding 45% of senior leadership roles in the bank. Dean Lewins/AAP

Why Australian business needs another Gail Kelly

The announcement of Gail Kelly’s departure as Westpac chief executive is a real and symbolic loss for women, many of whom see her as a role model. Women in Australia now make up just 3% of CEO roles in…
Corruption thrives in environments that have poor oversight and big money. EPA/Steffen Schmidt

Why stamping out corruption in FIFA won’t be easy

The limited release of FIFA’s investigation into corruption allegations surrounding the awarding of the 2018 and 2022 FIFA World Cup was supposed to allay the ever-increasing perception that corruption…
Prime Minister Tony Abbott greets Chinese President Xi Jinping before their bilateral meeting on trade. Mike Bowers/AAP

Australia-China free trade only a first step to real partnership

Today’s completion of free trade talks with China has been ten years in the making. Australia already has free trade agreements (FTAs) with Japan, the United States, Korea, Singapore and New Zealand. However…
Chinese President Xi Jinping has launched a number of measures against corruption. Australia is considering signing a bilateral treaty with China as part of this clampdown. Diego Azubel/AAP

Chasing the money: how China is clamping down on corruption

Corruption is estimated to cost around 5% of global GDP. It has particularly affected modern China. The Washington-based Global Financial Integrity Group estimates US$1.1 trillion illegally flowed out…
OECD Centre for Tax Policy and Administration Director Pascal Saint-Amans has been leading the charge against tax avoidance. Dominika Lis/G20 Australia

G20 tax reform plan should prevent another Lux leaks

The G20 Communique is good news on the international tax reform front. As part of the G20 commitment to boost economic resilience the Communique commits G20 nations to taking action to ensure fairness…
The B20, charged with representing the interests of the wealthy international business community, has low female representation. Department of Prime Minister and Cabinet/Flickr

The other gender equality gap Australia needs to talk about

The G20 leaders have committed to reduce the gap between male and female workforce participation rates by 25% by 2025. The gender equality focus by many of the leaders during the summit, including UN Secretry-General…
United on the need for stronger economic growth. Lukas Coch/AAP

G20 leaders agree US$2 trillion growth goal: experts react

The G20 leaders have reaffirmed a commitment to raise global growth, saying if more than 800 agreed measures are “fully implemented”, GDP will grow by an additional 2.1% by 2018, adding more than US$2…
The risks facing the planet call for a new approach to economics. Red Cross/AAP

G20 climate challenge calls for a rethink of economics

Focusing on growth, the Brisbane G20 leaders' summit has not grappled with three key issues. How much more growth can the planet survive? How can poorer nations raise their living standards to parity with…
Rebalancing towards Asia…with values. Dan Peled/AAP

‘And speaking of China…’ Obama’s hope for Asia

US President Barack Obama took to the stage at the University of Queensland in Brisbane on a day which had the soles of your shoes melting. We had been through a complicated but reasonable security process…
Economic growth is a significant contributor to the climate change crisis. www.shutterstock.com

To get climate change under control, our growth fetish must go

The recent US-China climate announcement is a significant development in humanity’s equivocal response to the climate crisis. Despite over four decades of political engagement with climate change, tangible…