If we want a better, more equal society, we need more tax. But more tax only works if big business pays their fair share | Grogonomics

Intrepid, a leading tour operator known for its environmental focus, has decided to drop its carbon offsets and emissions targets, citing them as unachievable. Instead, the company will invest A$2 million annually into a 'climate impact fund' aimed at supporting renewable energy initiatives and transitioning to electric vehicles. This shift highlights the ongoing challenges in the travel industry regarding sustainability and the need for practical solutions to combat climate change.

Kibo Energy is set to acquire a renewable energy company in Australia, marking a significant step in its expansion into the green energy sector. This acquisition not only enhances Kibo's portfolio but also aligns with global efforts to transition towards sustainable energy sources. The move is expected to create new opportunities for growth and innovation in the renewable energy market, which is increasingly vital for combating climate change.

Australia's stock market closed lower today, with the S&P/ASX 200 index down by 0.10%. This decline reflects ongoing concerns among investors about economic conditions and market volatility. Such fluctuations can impact investor confidence and influence future trading decisions, making it a significant development for those following the Australian financial landscape.

Glencore Plc has secured a significant financial boost of A$600 million (approximately $395 million) from both the Australian federal and Queensland state governments to ensure the continued operation of its Mount Isa copper smelter and refinery for an additional three years. This funding is crucial not only for Glencore but also for the local economy, as it helps maintain jobs and supports the mining sector in Australia.

Australia is poised to benefit as its interest rates are expected to surpass those of the US in the near future. This shift could enhance the attractiveness of Australian assets, leading to a stronger local dollar. AMP Ltd highlights this potential change, suggesting that investors may find more value in Australian investments as the rate gap widens, which is significant for the economy and currency stability.

The 2025 Vietnam Pickleball Cup showcased the rising talent of Asia and Australia-based players, who excelled against their US counterparts, bringing home multiple medals. This event highlights the growing popularity and competitiveness of pickleball in the region, signaling a bright future for the sport as it gains international recognition.

Navigating corporate tax compliance in Vietnam can be a complex task for foreign businesses, but understanding the regulations is crucial for success. This guide provides essential insights into the tax landscape, helping companies avoid pitfalls and optimize their operations. With Vietnam's growing economy and increasing foreign investment, being well-informed about tax obligations not only ensures legal compliance but also enhances business credibility and sustainability in the region.

Australia's recent dry spell is impacting what was expected to be a record wheat harvest, leading to concerns about reduced supplies from one of the world's largest wheat exporters. This situation is significant as it could affect global wheat prices and food security, highlighting the vulnerability of agricultural production to climate variations.

CVS Group has reported a 7.4% drop in profit despite an increase in revenue, largely attributed to its expansion efforts in Australia and recent asset sales. This decline in profit raises concerns about the company's financial health and its ability to sustain growth in a competitive market. Investors will be watching closely to see how CVS navigates these challenges and whether its strategic moves will pay off in the long run.

Australia has given the green light for Cboe to operate as a local venue for initial public offerings (IPOs). This approval is significant as it opens up new opportunities for companies looking to go public in Australia, potentially increasing competition and innovation in the financial market. With Cboe's established reputation and expertise, this move could enhance the IPO landscape, benefiting both businesses and investors alike.

Australia's stock market closed lower today, with the S&P/ASX 200 index down by 0.27%. This decline reflects ongoing concerns among investors about economic conditions and market volatility. Such fluctuations can impact investor confidence and influence future trading decisions, making it a significant development for those following the Australian economy.

Australia's communications minister is taking action after a troubling series of outages, including failures in the emergency 000 call system managed by Optus. This situation has raised significant concerns about the reliability of mobile networks in the country. Helen Bird from Swinburne University emphasizes the need for reforms in oversight and transparency within the telecommunications sector. This is crucial not only for improving service reliability but also for ensuring public safety, as these outages can have serious consequences during emergencies.

Tesla has just unveiled new electric vehicle models priced under $40,000, which could make EVs more accessible to a broader audience. This move is significant as it may attract new customers while potentially impacting the sales of Tesla's premium models, according to former board member Steve Westly. As the market for affordable electric vehicles grows, Tesla's strategy could reshape the competitive landscape in the automotive industry.

Alexandr Wang, a 28-year-old tech prodigy and founder of Scale AI, has been appointed by Mark Zuckerberg to lead Meta's new Superintelligence Labs with a staggering $14 billion investment. This move signifies Meta's commitment to advancing artificial intelligence and positions Wang at the forefront of innovation in the tech industry. His leadership is expected to drive significant advancements in AI technology, making this a pivotal moment for both Meta and the future of AI.

In a unique approach to address teacher shortages, a rural school district in South Dakota has successfully utilized H-1B visas to hire Filipino teachers. Superintendent Rob Coverdale emphasized that these teachers are not taking jobs from Americans but are filling crucial positions that would otherwise remain vacant. This initiative highlights the district's commitment to providing quality education despite challenges in attracting local applicants, showcasing a proactive solution to a pressing issue in rural education.

Etsy is facing significant growth challenges as highlighted in its recent SWOT analysis. The handmade marketplace, known for its unique products, is struggling to maintain its stock performance amidst increasing competition and changing consumer preferences. This matters because it reflects broader trends in e-commerce and could impact the livelihoods of many small sellers who rely on the platform for their businesses.

As we move into the latter half of the year, car buyers and manufacturers are changing their strategies in the automotive market. This shift is significant as it reflects evolving consumer preferences and market dynamics, which could impact pricing and availability for both new and used vehicles.

Recent discussions among Federal Reserve members indicate a consensus on the likelihood of further rate cuts this year, primarily due to ongoing softness in the labor market. This is significant as it reflects the Fed's proactive approach to stimulate economic growth and combat inflation, which could lead to more favorable borrowing conditions for consumers and businesses alike.