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Borrowing Money, a trap or ongoing battle?

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Avoiding the ‘Debt Trap’ and managing our money

The borrowing system is a trap that many of us fall into. We see a house we want to buy, a car we want to drive, or a vacation we want to take, and we don’t have the funds to pay for it. So we turn to borrowing money from banks and other financial institutions. But what we fail to realise is that once we borrow money, we are no longer in control of our finances. We become customers who are owned by somebody else, and they have authority over our finances.

The idea that borrowing money makes us trapped is not a new one, but it is one that we often overlook. When we borrow money, we are not just borrowing money, we are also agreeing to pay interest on that money. This interest can add up quickly and can make it difficult to get out of debt.

So how can we reframe the way we think about borrowing money? The first step is to understand that we are in a system that is designed to keep us in debt. Banks and financial institutions do not want us to pay off our loans and leave them. They want us to stay and borrow more and more money. This is because the more we borrow, the more interest they can charge us, and the more money they can make.

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Electric vehicles transform last mile delivery market

Electric vehicles revolutionise last mile delivery with significant growth expected in Australia as sustainability gains momentum

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Electric vehicles revolutionise last mile delivery with significant growth expected in Australia as sustainability gains momentum.

In Short:
– The shift to electric vehicles for last mile delivery is increasing, especially in Australia, driven by government initiatives.
– Challenges like costs and charging infrastructure hinder EV adoption, but advancements improve efficiency and sustainability perceptions.

The shift towards electric vehicles (EVs) for last mile delivery is accelerating globally, with Australia expected to see significant growth. Companies and retailers are increasingly adopting greener solutions, driven by supporting government initiatives.

Joe Sofra from ANC discussed the current state of the last mile EV market. He noted the global market is valued at around $30 billion and could grow three to four times over the next eight years.

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Challenges such as cost and charging infrastructure remain significant. Currently, over 100 EVs are on the road, but sufficient charging stations need to be developed, including home and public options. The unique requirements of commercial vehicles further complicate access to these facilities.Download the Ticker app

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New climate reporting standards set to reshape the Australian business landscape

Businesses must disclose climate risks and transition strategies under new standards, reshaping credibility and compliance globally

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Businesses must disclose climate risks and transition strategies under new sustainability standards.

In Short:
– Businesses must disclose climate risks and strategies, improving credibility and compliance.
– Companies face challenges in data management and scope three emissions, impacting strategic planning and engagement.

Businesses globally are increasingly required to disclose climate risks and transition strategies, impacting their credibility and compliance efforts. The Australian Sustainability Reporting Standards (ASRS) in particular represent a significant shift for local companies, urging them to comprehend climate change’s effect on financial performance. Lisa Zembrodt, Principal and Senior Director, Sustainability Business across the Pacific Zone for Schneider Electric, joined to share her insights on the impact of ASRS on Australian businesses.Banner

Organisations must now align their climate disclosures with financial statements, necessitating audits and increasing scrutiny on directors. This shift compels companies to prioritise credibility in their disclosures rather than mere compliance, presenting a comprehensive understanding of climate risks to foster stakeholder trust.

Key Challenges

A major challenge for companies remains the accurate collection and management of data, often still done via spreadsheets. Many companies struggle with “scope three” emissions, which often lie outside direct control.

Successful adaptation will require enhanced engagement throughout the value chain to achieve emissions reductions.


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Cybersecurity races to keep pace with AI and quantum threats

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As AI capabilities surge and quantum computing moves closer to reality, cybersecurity leaders are racing to keep pace with a rapidly evolving threat landscape.

Businesses face growing risks, making it critical to reassess security infrastructures and adopt strategies that can withstand future challenges.

Experts warn that the arrival of quantum computing could have major implications for data security, with traditional encryption methods potentially becoming vulnerable.

Organisations are being urged to adopt “quantum-resilient” strategies and take practical steps now to safeguard sensitive information.

DigiCert has highlighted these challenges through its recent Quantum Readiness Day, providing guidance for companies aiming to future-proof their systems and stay ahead of emerging cyber threats.

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