Business & Economy

Small business, economy’s engine room

APPROXIMATELY 95% of employers are considered to be a small business (less than 20 employees), including micro businesses (less than five employees). Micro & small businesses make a significant contribution to the total value of industry output. Small businesses are spread out over all industries. In the Coffs Harbour region ‘health care and social assistance’ is the industry with the ...

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Jaitley says India needs balance, not panic, to spur economy

Mumbai: Finance Minister Arun Jaitley said India needs to find a balance between fiscal prudence and spending — and there’s no need to panic — as he tries to dig the economy out of its deepest slump in three years. Speaking at the Bloomberg Economic Forum in Mumbai, Jaitley called for more private investment from local companies and said the ...

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China rust belt opens door wider to to foreign investors

Trucks carrying hi-tech car components rumble in and out the gates of an American industrial zone in the heart of China’s rust belt – using roads that the city especially renovated for the complex. While foreign firms complain about being locked out of large swathes of China’s vast market, the door has cracked open a bit wider in northeastern Liaoning ...

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Who can handle Amazon’s 50,000 jobs? Dallas adds twice that many every year  | Economy

Amazon’s second headquarters could transform a region, but how many cities have the bandwidth to handle the massive project? It involves 8 million square feet of office space eventually, along with big incentives, mass transit connections and a stable, pro-business climate. Perhaps most important, Amazon needs a labor pool that can provide 50,000 workers, including many tech specialists. It’s a daunting ...

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Germany votes as history beckons for Merkel, and far-right

BERLIN: Germans began voting in a national election on Sunday that is likely to see Chancellor Angela Merkel win a historic fourth term and a far-right party enter parliament for the first time in more than half a century.Merkel’s conservative bloc is on track to remain the largest group in parliament, opinion polls indicated, but a fracturing of the political ...

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China rust belt opens door wider to foreign investors

SHENYANG, China: Trucks carrying hi-tech car components rumble in and out the gates of an American industrial zone in the heart of China’s rust belt — using roads that the city especially renovated for the complex.While foreign firms complain about being locked out of large swathes of China’s vast market, the door has cracked open a bit wider in northeastern ...

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Ireland’s housing crisis ‘stems from shortage of apartments’

The State’s housing crisis stems from a shortage of apartments, not houses, economist and author of the Daft.ie report Ronan Lyons has claimed. The distinction, he said, was crucial to understanding the severity of the current problem. In an address to the 40th annual Dublin Economics Workshop conference in Wexford, Dr Lyons said Ireland had a surplus of three to ...

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China’s August trade with North Korea surges after UN sanctions

China’s trade with North Korea rose in August to its highest since December 2016, data showed on Saturday, even after the United Nations slapped tougher sanctions on Pyongyang in a bid to choke off a third of its $3 billion in annual export revenue. The world’s second-largest economy imported and exported goods worth $604.27 million in August, up from $456.16 ...

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Dafza companies can get dual licences in Dubai

The Dubai Airport Freezone Authority (Dafza) recently signed a memorandum of understanding (MoU) with the Department of Economic Development (DED) in Dubai to allow Dafza’s hosted companies to obtain dual licences to operate across Dubai. The agreement aims to strengthen cooperation on initiatives targeting all aspects related to providing economic support for Dafza’s main services. It will also facilitate collaboration ...

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