THE NEWS WRAP: Moody’s cuts eurozone debt ratings
Tuesday, February 14, 2012/
Business groups have warned that the Government has not done enough to boost productivity and support jobs in preparation for the day the mining boom begins to fade.
The Australian Industry Group’s incoming CEO Innes Willox said that Australia faces “cost pressures like it has never had before”, supporting a Business Council of Australia call for the Government to do more to spark economic growth.
The warning follows criticism by Labor senator Doug Cameron of the term “new economy”. Cameron urged the Government to invest in high-skilled jobs, rather than rely on the “new economy” of mining.
Moody’s cuts eurozone debt ratings
Credit agency Moody’s has slashed the sovereign debt ratings of several European countries, as concern over the eurozone debt crisis grows.
The ratings of Italy, Malta, Portugal, Slovakia, Slovenia and Spain have been cut, while Austria, France and the United Kingdom were placed on a negative outlook.
Google-Motorola Mobility deal given green light
US and European regulators have given Google the go-ahead to buy Motorola Mobility for $12.5 billion.
The deal, which gives Google access to more than 17,000 Motorola Mobility patents, would not stifle competition, the watchdogs in the US and Europe ruled.
The Dow Jones Industrial Average fell 69.78 points, or 0.5%, to 12,804.26. The Australian dollar dropped to 106.35 US cents.
Amantha Imber runs a successful business — but she still has impostor syndrome Amantha Imber Inventium founder
Social media isn't about numbers, it's about connection Carlii Lyon Carlii Lyon PR founder
"My early decisions were rooted in fear": How good hires can set small business owners free Nancy Youssef Classic Finance founder
"No staff turnover": Business success hinges on a thriving company culture David Fazio Mate co-founder
Five ways to mentally prepare for the brutal capital-raising process Stacey Fisher Minnow Designs co-owner
In the age of online shopping, it's retail staff that make or break businesses Cal Doggett Properties & Pathways director