Tag: Digital economy

‘We Must Change’: Australia Post Boss Reveals Postal Service’s Grim Financial Situation

April 27, 2023
AustraliaAustralia PostDigital economyPaul GrahamtechnologyWorld
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Australia Post’s boss has warned that the national mail service is at the crossroad as it faces the technology revolutions, saying changes are needed for the struggling service to survive. Chief Executive Paul Graham on Thursday gave a frank assessment about the organisation’s financial situation, which posted a $169 million loss this financial year alone. The…

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Data Is the New Oil, But Partisanship and Lack of Leadership Lead to Losses: Shark Tank Investor

August 8, 2022
Business & MarketsdataDigital economyeconomic policieseconomyInvestmentpartisanshipPolicies & ImpactsUSUS News
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Digital transformation investment levels will reach $6.3 trillion between 2022-2024, according to the global research firm International Data Company (IDC). “For the first time ever, we see that the majority of enterprise organizations [at 53 percent] have an enterprise-wide digital transformation strategy, a 42 percent increase from just two years ago,” stated Shawn Fitzgerald, IDC’s research…

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Shenzhen’s Sinking Industrial Profits Are a Bellwether for Other Parts of China: Economists

November 15, 2021
ChinaChina Business & Economychina's economic policyDigital economyelectronic manufacturingHuaweiShenzhen
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The southeastern Chinese city of Shenzhen—known as a national leader in economic development—has seen its industrial profits plunge during the year. Monthly data from the Shenzhen Bureau of Statistics reveal the city’s industrial enterprises profits fell by 50.4 percent in July compared to June, a 40 percent drop from last July. August saw a fall…

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