News

Australia’s power network is facing a terrible summer

Published

1 year ago

October 3, 2023

ticker NEWS

A new report has raised concerns about potential power shortages this summer in several Australian states. With temperatures expected to soar, experts warn that the electricity grid could be under significant strain.

The report, released by the Energy Authority of Australia, highlights that New South Wales, Queensland, and South Australia are at the greatest risk of experiencing blackouts. Increased demand for electricity due to air conditioning use during hot summer days is the primary driver of this concern.

The report suggests that immediate measures should be taken to mitigate these risks. These measures include improving grid infrastructure, investing in renewable energy sources, and implementing demand-side management programs to reduce peak electricity consumption.

Energy Minister Sarah Thompson acknowledged the challenges but assured the public that the government is actively working on solutions to prevent power shortages. She stated, “We are committed to ensuring a stable and reliable power supply during the summer months.”

As the summer approaches, Australians will be closely monitoring the situation, hoping that the necessary steps will be taken to ensure a steady power supply during the hottest days. #featured

Leaders

Niche accountants proving essential to e-commerce success

Published

7 hours ago

October 9, 2024

ticker NEWS

Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

Published

11 hours ago

October 9, 2024

ticker NEWS

Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

Leaders

Israeli claims airstrikes have killed two successors to Hezbollah’s slain leader

Published

12 hours ago

October 9, 2024

ticker NEWS

The update comes as Israel expands its ground offensive against the Iran-backed group with a fourth army division deployed into south Lebanon.

Israel Prime Minister Benjamin Netanyahu spoke in a video released by his office hours after the deputy leader of Hezbollah left the door open to a negotiated ceasefire, reports Reuters

Israel’s military said on Tuesday that heavy air strikes against underground Hezbollah installations in southern Lebanon over the prior 24 hours killed at least 50 fighters including six sector commanders and regional officials. #featured #trending