business

Buffett-backed BYD overtakes Tesla in global EV sales

Buffett-backed BYD overtakes Tesla in global EV sales

BYD, which is part-owned by Buffett’s Berkshire Hathaway, has also overtaken South Korea’s LG as the world’s second-biggest producer of EV batteries, behind China’s Contemporary Amperex Technology, known as CATL. According to Seoul-based SNE Research, BYD has outpaced LG Energy in terms of monthly market share since April. This was in part because of disruptions …

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Queensland generators pull capacity as energy market lurches into new crisis

Queensland generators pull capacity as energy market lurches into new crisis

The crisis of confidence in Australia’s broken electricity market deepened on Tuesday in yet more extraordinary scenes that saw prices hurtle towards the market cap, emergency intervention by the market operator and a sudden, massive withdrawal of capacity from major generators. The fast moving events were again triggered by the soaring cost of coal and …

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2022 Genesis GV60 electric SUV price and features

2022 Genesis GV60 electric SUV price and features

The latest premium weapon headed our way from overseas brings wild performance and some seriously hi-tech features. Genesis, Hyundai’s luxury offshoot, has revealed pricing and details for its GV60 all-electric compact SUV that is due to land in local showrooms this September. It’s the first of three electric vehicles from the South Korean luxury brand …

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Wild photos show Qatar Airways plane dodging hot air balloon mid-flight

Wild photos show Qatar Airways plane dodging hot air balloon mid-flight

A Boeing 777-300 was forced to make an evasive manoeuvre after it nearly collided with an unmanned hot air balloon while trying to land. A Qatar Airways plane was forced to make an “evasive manoeuvre” after a hot-air balloon drifted into its path. The Boeing 777-300 had left Doha’s Hamad International Airport on Sunday morning …

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The best advice I have ever received is have no regrets (and fail fast)

The best advice I have ever received is have no regrets (and fail fast)

Jul 5, 2022 – 8.30am What is the best career advice you have ever been given? Have no regrets. You can’t change decisions you’ve already made, so back yourself. Or if you have to, fail fast. I’ve lived by that. I think the second part of that is to take opportunities when they come along. …

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PwC partner accused of rating female staff with colleagues at strip club

PwC partner accused of rating female staff with colleagues at strip club

“The firm takes these seriously and has appointed external counsel to investigate them. In the interim, while the claims are under investigation, relevant personnel are on leave from the firm,” a PwC spokesman said. “Our policies are clear about the standards of behavior that we require from all our people. The firm encourages our people …

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Interest rate decision live: RBA expected to announce cash rate hike

Interest rate decision live: RBA expected to announce cash rate hike

Here’s the latest analysis from business reporter Gareth Hutchens: The Reserve Bank will consider lifting interest rates again today. Some economists think we’ll see a big rate rise, with more rate hikes to follow in coming months. But will rapid rates rises cause growth to slow and unemployment to rise? And if they will, what …

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