September 25, 2025 • 14 mins
Friday 26 September 2025
Prime Minister Anthony Albanese pushes for Australia to be part of the UN Security Council and emphasises the need for climate change action in his inaugural speech to the United Nations.
And more, including:
- An internal investigation by Premier Investments allegedly uncovers a culture of serious misconduct, ranging from absenteeism to potential bribery.
- Macquarie to pay $321 million to investors.
- The May 3 federal election finally concludes
- Elon Musk’s X takes a big swipe at social media bans.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:06):
Welcome to Fear and Greed business news you can use today.
Prime Minister Anthony Abernesi pushes for Australia to be part
of the UN Security Council and emphasizes the need for
climate change action in his inaugural speech to the United Nations,
and internal investigation by Premier Investments has allegedly uncovered a
culture of serious misconduct ranging from absenteeism to potential bribery,
(00:28):
and Macquarie to pay three hundred and twenty one million
dollars to investors. Plus. The May three federal election finally concludes,
and Elon Musk's X takes a big swipe at social
media bands. It is Friday, the twenty sixth of September
twenty twenty five. I'm Michael Thompson and good morning Sean Aylmer.
Good morning, Michael, Sean the main story this morning. Prime
(00:51):
Minister Anthony Abernesi has spent his last day in New
York reintroducing Australia's bid for another term on the United
Nations Security Council and then pouring beers at an Aussi
pub in the Big Apple as you do.
Speaker 2 (01:06):
As you do. In his inaugural address to the United
Nations General Assembly yesterday. The Prime Minister said while the
United Nations was more important than ever given the state
of the world, its impotence in the Middle East shows
it badly needs reform. In sharp contrast to comments at
the General Assembly from US President Donald Trump, Alberizi said
if the United Nations steps back, everyone loses ground. He
(01:28):
went on to say that if any nation imagines itself
outside the rules or above them, then the sovereignty of
every nation is eroded. Albanesi said this is behind Australia's
bid in concert with Pacific Nations for next year's u
n COP thirty one summit. I quote the Prime Minister
where nations for whom climate change is more than an
environmental challenge, it's an existential threat. The Prime Minister reaffirmed
(01:53):
his commitment to meet the new twenty thirty five emissions
at target and knit zero emissions by twenty fifty. He
said energy can carry the world beyond the false choice
between economic growth and environmental responsibility. Alberanize He also pledged
to Australia support for a two state solution between Israel
and Palestine, and said Australia honors indigenous people around the world.
(02:14):
He called out anti Semitism and Iran, using the example
of the Iranian regime orchestrating the fire bombing of synagogue
in Melbourne. In a Jewish restaurant in Sydney recently, it
was a very big picture set piece from the Prime
Minister and he did a pretty good job.
Speaker 1 (02:32):
Yeah, very wide ranging speech and a serious speech at that.
And then he went to Hamish and Andy's pub, Sean,
the Aussie comedians who owned the New York establishment.
Speaker 2 (02:41):
Apparently he shouted the bar.
Speaker 1 (02:43):
Yeah, he rang the bell and he did. I don't
know whether it would have come out of his own pocket.
Is that a parliamentary expense?
Speaker 2 (02:49):
Sean, Well, good question. Maybe his Hamish Andy, Hamish Blake
and Andy Lee. Of course they owned this bar. Footage
uploaded to Instagram by our great mates at Nova rad
the Fitzy wipron Kate Show shows Albanezi speaking to drinkers
at the pub. He said it was a proud occasion
as Australian Prime Minister to talk to the United Nations.
(03:09):
He then did what any great leader would do after
speaking to the United Nations, went behind the bar and
started pouring beers.
Speaker 1 (03:16):
You know who else owned that pub. I think Hugh
Jackman own owns part of it, and Ash Barty as well,
does she really? Yeah, it's called Old Mates, and so
I just think it's a fantastic little story that of
having this place in the US that is a very
very Australian pub.
Speaker 2 (03:34):
To me, the name Old Mates because that is one
of your favorite phrases, old mate, because it can mean
so many different things.
Speaker 1 (03:42):
Yeah, you just use it whenever you can't remember somebody's name,
you know, as Old Mates said yesterday, and it can
refer to anybody at all. It is a great name. Now,
moving on from politics and the Prime Minister, an internal
investigation by Premier Investments, which is the owner of and
Peter Alexander, has allegedly uncovered a culture of serious misconduct.
(04:06):
And this is pretty broad, ranging from absenteeism, intoxication during
work hours, bullying, sexual harassment, potential bribery. It's quite the list.
Speaker 2 (04:17):
Yes. Billionaire founder Solomon Leu discussed the revelations yesterday at
the group's full year profit announcement, more than a year
after John Cheston was sacked as chief executive of Smiggle.
He had been with the company for twelve years. Premier
has not publicly outlined the reasons for Cheston's departure, except
to say that there was serious misconduct in a serious
(04:40):
breach of his employment terms. Through his lawyer, Cheston has
previously denied engaging in any conduct that would warrant him
being terminated or being deprived of his shares, and said
he specifically did not engage in the conduct alleged by
the company according to the fin review. His lawyers said
the allegations were false, vindictive, and profoundly disappointing. He had
(05:00):
been denied procedural fairness. Cheston had previously claimed that he
was offered the job of running a separately listed Smiggles,
but not back, preferring to resign to lead jewelry chain Levisa.
The Premier investigation which Lou was talking about yesterday has
been overseen by lawyers and internal investigators. It's focused on
Smiggles people and culture department as well. According to Lou,
(05:23):
and yesterday he gave details about what had allegedly been uncovered.
Now I quote him, We've investigated into our people and
culture department whereby people were being bullied, sexual harassment, etc.
That was never reported interferenced by the CEO to that department,
and there's a long list of situations and other issues
being investigated include allegations of and I'm creating again, tampering
(05:47):
with company product that need to be returned end quote,
and potential instances of bribery. Now I hasten to add
mister Cheston rejects all allegations, so keep that in mind.
It came as a group reported a thirty one percent
jump in its full year profit, mostly thanks to the
sale of its apparel brands to Maya. Excluding that profits
(06:08):
from continuing business fell. There was a drop in sales
at Smingles, Peter Alexander, the Sleepwhear group. Meanwhile, it delivered
another record year. You can see that this one is
going to end up in court, Michael.
Speaker 1 (06:21):
Yeah, it does appear that way all right Away from
premier investments, how did local markets go yesterday?
Speaker 2 (06:27):
Sean, there's in PASX two hundred closed up slightly to
eight thousand, seven hundred and seventy three points as a
result in a surge in miners. Now, that's mostly to
do with copper. Copper prices jumped after about eight hundred
thousand tons of mud flowed into a massive Indonesian underground mine.
It was there was It killed two people. Several others
(06:48):
are still missing. A very tragic circumstance. What has come
from that is a big jump in copper prices that
hit our market yesterday. So Capstain and Sandfi Resources, a
couple of copper miners, were the best of the ASEX
two hundred yesterday. BHP and Rare Tinto also surged. They
hit twelve month highs. Otherwise, not a lot going on.
(07:11):
I mean there's a bunch of stocks, well known names
that are actually trading around one year lows at the moment.
I mean, they hit one year loads yesterday. So Woolies
did that, Treasury Wine, Son of Healthcare, James Hardy, and
Devas CSL Babcore asex M Corps.
Speaker 1 (07:25):
Now.
Speaker 2 (07:26):
In James Hardy's case, it came after the group released
new pay targets for executives, which Jennalyst said weren't tough enough.
In Son of Healthcare's case, it came after veteran chief executive,
doctor Colin Goldschmidt resigned after thirty two years in the job.
Speaker 1 (07:41):
That's quite a decent innings.
Speaker 2 (07:42):
It is a great innings.
Speaker 1 (07:44):
Okay, all right, We've still got a fabite to cover, Sean,
and we'll be back in a moment with the rest
of the day's business news, Sean. The May three federal
election is finally complete, after what's that four months now?
(08:04):
The Liberal candidate for Bradfield in Northern Sydney, Giselle Capterian,
abandoning her court bid to overturn her defeat, accepting the
result after further scrutiny of disputed ballots.
Speaker 2 (08:16):
TIIL independent Nicola Bowle took the seat by twenty six
votes after counting and recounting, the first time it hasn't
been held by the Liberals ever the seed of Bradfield.
The initial count appeared to give the seat to Capteriian,
who voted in the Federal Liberal leadership ballot. She was
given a shadow Assistant Ministry by opposition leader Susan Lee,
(08:36):
but the recount gave it to bowl who has been
in Parliament ever since. Capterian posted. I quote her after
a final review of the ballot papers following the two
different results in Bradfield, I'm satisfied that overall the correct
outcome has been declared.
Speaker 1 (08:51):
Isn't that good? Actually? Just the fact that that's the end.
Speaker 2 (08:54):
That's great.
Speaker 1 (08:55):
To the result, Yeah, gracious, legal process that's run its course.
Now it's done, Accept the result and move on. Yeah,
that's the way to do it. Before we leave politics.
Though Sean Liberal frontbencher Andrew Hasty says he isn't a
threat to opposition leader Susan Lee's leadership, the.
Speaker 2 (09:12):
Fact that he was asked the question on Sydney's TGB
suggests he is a threat, would you agree.
Speaker 1 (09:19):
The fact that here we are, this is now a
second week in a row that we are talking about
this exact thing suggests this is not going away.
Speaker 2 (09:26):
When he was asked directly whether he was a threat
to Susan Lee, he said I don't think so. Well,
it's not exactly a resounding no, is it.
Speaker 1 (09:42):
No, No, he would be a little firmer on that
he could.
Speaker 2 (09:45):
He went on to say his main concern is the
fragmentation of the center right, particularly the rise in votes
for one nation in micro parties. But this is a
story that's just going to keep giving for Susan Lee unfortunately.
Speaker 1 (09:55):
Yeah. Indeed, now Sean Macquarie will pay three hundred and
twenty twenty one million dollars to thousands of investors whose
superannuation savings were tipped into the collapsed Shield Master Fund
through its platform over twenty twenty two and twenty twenty three.
After admitting that it broke the law by failing to
place Shield on a watch list for heightened monitoring.
Speaker 2 (10:17):
The Australian Securities and Investments Commission has commenced proceedings in
the Federal Court against Macquarie and has accepted a court
enforceable undertaking from the banking group that it will pay
three thousand investors all of the money they put into
the COPSE Shield Fund. According to reporting the Australian Shield,
the property focused investment fund under investigation for allegedly mishandling
(10:37):
superannuation money, was put into liquidation last year, leaving fifty
eight hundred investors at risk of losing their retirement savings.
All up, investors put in four hundred and eighty million
dollars from twenty twenty two until ASEX shut it down
in twenty twenty four. Of that four eighty million, three
twenty one million was invested into the scheme through mcquarie's platform,
(10:58):
and that's the money it's being refunded to investors. It
should never have happened, but it did, and good on
Macquarie for repaying the investors.
Speaker 1 (11:07):
Yeah. Absolutely. Sean Elon Musk's ex has accused the federal
government of undermining human rights by restricting children's free speech
and access to information.
Speaker 2 (11:19):
The comments came in a submission to a parliamentary inquiry
into the government's social media ban and its age of verification.
The World First Band will take effect on December ten.
It will prevent all children aged under sixteen from accessing
social media, with the owners on social media companies to
prevent that access, something that actually Australia got commended for
(11:40):
at the UN this week. Now X ended has serious
concerns as the lawfulness of the bill, including its compatibility
with other regulation and laws, including international human rights treaties
to which Australia is a signatory. Now the reference there
is probably to the UN Convention on the Rights of
the Child. Communications Minister Arnaka Well said that x's claiman
(12:00):
were wrong because the ban had been put in place
to support children's well being, which is protected under another
UN convention.
Speaker 1 (12:08):
Okay. Turning to International News now and China's President Jiji
in Ping has set out conservative targets for emissions cuts
from the world's second largest economy while taking a veiled
swipe at US in action on climate change under Donald Trump.
Speaker 2 (12:22):
In a video addressed to the UN Climate Summit, she
said China would cut greenhouse gas emissions by up to
ten percent over the next decade while doubling its wind
and solar installed capacity from today's levels. A green transition
was a trend of our time, she said. According to
the FT, in apparent reference to the US, he said,
while some countries are acting against it, the international community
(12:43):
should stay focused in the right direction. China is the
world's biggest producer of greenhouse gases, and its goals for
cutting emissions are the single most important component of the
internationally agreed Paris Accord objective of limiting the average global
temperature rise to one and a half degrees above pre
industrial levels.
Speaker 1 (13:00):
Sean coming up next to fear and greed. Q and A.
You're speaking today with James Bergen, who is from Zero
a great supporter of this podcast. And this is a
terrific one for SMEs.
Speaker 2 (13:12):
It's a practical one for small businesses. So it's how
artificial intelligence can help your business. We start talking about,
you know, finding the best ways to understand artificial intelligence,
and then when you're using vendors, what to expect from
them and what AI can ultimately do for your business.
So great chat.
Speaker 1 (13:31):
Yeah, and I like the fact that it goes beyond
that basic use of AI that a lot of us
are doing in terms of automating some simple things and
gets into the more strategic side of it as well,
and how it can kind of boost your business along
those lines. That's coming up next to the Fear and
Greed playlist on your podcast platform or at Fearandgreed dot
com dot au, which is where you sign up Sean
(13:52):
for the free daily newsletter, which is just a ripping
read every.
Speaker 2 (13:56):
Day, ah ripping read.
Speaker 1 (13:58):
Michael, Well, I'll put a link in today's show notes
if you haven't signed up, It is entirely free. Thank you, Sean,
Thank you, Michael. It is Friday, the twenty sixth of
September twenty twenty five. Make sure you're following the podcast
and join us online on LinkedIn, Instagram, x tiktalk, and Facebook.
I'm Michael Thompson and that was Fear and Greed. Have
a great day.
Welcome to Fear and Greed business news you can use today.
Prime Minister Anthony Abernesi pushes for Australia to be part
of the UN Security Council and emphasizes the need for
climate change action in his inaugural speech to the United Nations,
and internal investigation by Premier Investments has allegedly uncovered a
culture of serious misconduct ranging from absenteeism to potential bribery,
(00:28):
and Macquarie to pay three hundred and twenty one million
dollars to investors. Plus. The May three federal election finally concludes,
and Elon Musk's X takes a big swipe at social
media bands. It is Friday, the twenty sixth of September
twenty twenty five. I'm Michael Thompson and good morning Sean Aylmer.
Good morning, Michael, Sean the main story this morning. Prime
(00:51):
Minister Anthony Abernesi has spent his last day in New
York reintroducing Australia's bid for another term on the United
Nations Security Council and then pouring beers at an Aussi
pub in the Big Apple as you do.
Speaker 2 (01:06):
As you do. In his inaugural address to the United
Nations General Assembly yesterday. The Prime Minister said while the
United Nations was more important than ever given the state
of the world, its impotence in the Middle East shows
it badly needs reform. In sharp contrast to comments at
the General Assembly from US President Donald Trump, Alberizi said
if the United Nations steps back, everyone loses ground. He
(01:28):
went on to say that if any nation imagines itself
outside the rules or above them, then the sovereignty of
every nation is eroded. Albanesi said this is behind Australia's
bid in concert with Pacific Nations for next year's u
n COP thirty one summit. I quote the Prime Minister
where nations for whom climate change is more than an
environmental challenge, it's an existential threat. The Prime Minister reaffirmed
(01:53):
his commitment to meet the new twenty thirty five emissions
at target and knit zero emissions by twenty fifty. He
said energy can carry the world beyond the false choice
between economic growth and environmental responsibility. Alberanize He also pledged
to Australia support for a two state solution between Israel
and Palestine, and said Australia honors indigenous people around the world.
(02:14):
He called out anti Semitism and Iran, using the example
of the Iranian regime orchestrating the fire bombing of synagogue
in Melbourne. In a Jewish restaurant in Sydney recently, it
was a very big picture set piece from the Prime
Minister and he did a pretty good job.
Speaker 1 (02:32):
Yeah, very wide ranging speech and a serious speech at that.
And then he went to Hamish and Andy's pub, Sean,
the Aussie comedians who owned the New York establishment.
Speaker 2 (02:41):
Apparently he shouted the bar.
Speaker 1 (02:43):
Yeah, he rang the bell and he did. I don't
know whether it would have come out of his own pocket.
Is that a parliamentary expense?
Speaker 2 (02:49):
Sean, Well, good question. Maybe his Hamish Andy, Hamish Blake
and Andy Lee. Of course they owned this bar. Footage
uploaded to Instagram by our great mates at Nova rad
the Fitzy wipron Kate Show shows Albanezi speaking to drinkers
at the pub. He said it was a proud occasion
as Australian Prime Minister to talk to the United Nations.
(03:09):
He then did what any great leader would do after
speaking to the United Nations, went behind the bar and
started pouring beers.
Speaker 1 (03:16):
You know who else owned that pub. I think Hugh
Jackman own owns part of it, and Ash Barty as well,
does she really? Yeah, it's called Old Mates, and so
I just think it's a fantastic little story that of
having this place in the US that is a very
very Australian pub.
Speaker 2 (03:34):
To me, the name Old Mates because that is one
of your favorite phrases, old mate, because it can mean
so many different things.
Speaker 1 (03:42):
Yeah, you just use it whenever you can't remember somebody's name,
you know, as Old Mates said yesterday, and it can
refer to anybody at all. It is a great name. Now,
moving on from politics and the Prime Minister, an internal
investigation by Premier Investments, which is the owner of and
Peter Alexander, has allegedly uncovered a culture of serious misconduct.
(04:06):
And this is pretty broad, ranging from absenteeism, intoxication during
work hours, bullying, sexual harassment, potential bribery. It's quite the list.
Speaker 2 (04:17):
Yes. Billionaire founder Solomon Leu discussed the revelations yesterday at
the group's full year profit announcement, more than a year
after John Cheston was sacked as chief executive of Smiggle.
He had been with the company for twelve years. Premier
has not publicly outlined the reasons for Cheston's departure, except
to say that there was serious misconduct in a serious
(04:40):
breach of his employment terms. Through his lawyer, Cheston has
previously denied engaging in any conduct that would warrant him
being terminated or being deprived of his shares, and said
he specifically did not engage in the conduct alleged by
the company according to the fin review. His lawyers said
the allegations were false, vindictive, and profoundly disappointing. He had
(05:00):
been denied procedural fairness. Cheston had previously claimed that he
was offered the job of running a separately listed Smiggles,
but not back, preferring to resign to lead jewelry chain Levisa.
The Premier investigation which Lou was talking about yesterday has
been overseen by lawyers and internal investigators. It's focused on
Smiggles people and culture department as well. According to Lou,
(05:23):
and yesterday he gave details about what had allegedly been uncovered.
Now I quote him, We've investigated into our people and
culture department whereby people were being bullied, sexual harassment, etc.
That was never reported interferenced by the CEO to that department,
and there's a long list of situations and other issues
being investigated include allegations of and I'm creating again, tampering
(05:47):
with company product that need to be returned end quote,
and potential instances of bribery. Now I hasten to add
mister Cheston rejects all allegations, so keep that in mind.
It came as a group reported a thirty one percent
jump in its full year profit, mostly thanks to the
sale of its apparel brands to Maya. Excluding that profits
(06:08):
from continuing business fell. There was a drop in sales
at Smingles, Peter Alexander, the Sleepwhear group. Meanwhile, it delivered
another record year. You can see that this one is
going to end up in court, Michael.
Speaker 1 (06:21):
Yeah, it does appear that way all right Away from
premier investments, how did local markets go yesterday?
Speaker 2 (06:27):
Sean, there's in PASX two hundred closed up slightly to
eight thousand, seven hundred and seventy three points as a
result in a surge in miners. Now, that's mostly to
do with copper. Copper prices jumped after about eight hundred
thousand tons of mud flowed into a massive Indonesian underground mine.
It was there was It killed two people. Several others
(06:48):
are still missing. A very tragic circumstance. What has come
from that is a big jump in copper prices that
hit our market yesterday. So Capstain and Sandfi Resources, a
couple of copper miners, were the best of the ASEX
two hundred yesterday. BHP and Rare Tinto also surged. They
hit twelve month highs. Otherwise, not a lot going on.
(07:11):
I mean there's a bunch of stocks, well known names
that are actually trading around one year lows at the moment.
I mean, they hit one year loads yesterday. So Woolies
did that, Treasury Wine, Son of Healthcare, James Hardy, and
Devas CSL Babcore asex M Corps.
Speaker 1 (07:25):
Now.
Speaker 2 (07:26):
In James Hardy's case, it came after the group released
new pay targets for executives, which Jennalyst said weren't tough enough.
In Son of Healthcare's case, it came after veteran chief executive,
doctor Colin Goldschmidt resigned after thirty two years in the job.
Speaker 1 (07:41):
That's quite a decent innings.
Speaker 2 (07:42):
It is a great innings.
Speaker 1 (07:44):
Okay, all right, We've still got a fabite to cover, Sean,
and we'll be back in a moment with the rest
of the day's business news, Sean. The May three federal
election is finally complete, after what's that four months now?
(08:04):
The Liberal candidate for Bradfield in Northern Sydney, Giselle Capterian,
abandoning her court bid to overturn her defeat, accepting the
result after further scrutiny of disputed ballots.
Speaker 2 (08:16):
TIIL independent Nicola Bowle took the seat by twenty six
votes after counting and recounting, the first time it hasn't
been held by the Liberals ever the seed of Bradfield.
The initial count appeared to give the seat to Capteriian,
who voted in the Federal Liberal leadership ballot. She was
given a shadow Assistant Ministry by opposition leader Susan Lee,
(08:36):
but the recount gave it to bowl who has been
in Parliament ever since. Capterian posted. I quote her after
a final review of the ballot papers following the two
different results in Bradfield, I'm satisfied that overall the correct
outcome has been declared.
Speaker 1 (08:51):
Isn't that good? Actually? Just the fact that that's the end.
Speaker 2 (08:54):
That's great.
Speaker 1 (08:55):
To the result, Yeah, gracious, legal process that's run its course.
Now it's done, Accept the result and move on. Yeah,
that's the way to do it. Before we leave politics.
Though Sean Liberal frontbencher Andrew Hasty says he isn't a
threat to opposition leader Susan Lee's leadership, the.
Speaker 2 (09:12):
Fact that he was asked the question on Sydney's TGB
suggests he is a threat, would you agree.
Speaker 1 (09:19):
The fact that here we are, this is now a
second week in a row that we are talking about
this exact thing suggests this is not going away.
Speaker 2 (09:26):
When he was asked directly whether he was a threat
to Susan Lee, he said I don't think so. Well,
it's not exactly a resounding no, is it.
Speaker 1 (09:42):
No, No, he would be a little firmer on that
he could.
Speaker 2 (09:45):
He went on to say his main concern is the
fragmentation of the center right, particularly the rise in votes
for one nation in micro parties. But this is a
story that's just going to keep giving for Susan Lee unfortunately.
Speaker 1 (09:55):
Yeah. Indeed, now Sean Macquarie will pay three hundred and
twenty twenty one million dollars to thousands of investors whose
superannuation savings were tipped into the collapsed Shield Master Fund
through its platform over twenty twenty two and twenty twenty three.
After admitting that it broke the law by failing to
place Shield on a watch list for heightened monitoring.
Speaker 2 (10:17):
The Australian Securities and Investments Commission has commenced proceedings in
the Federal Court against Macquarie and has accepted a court
enforceable undertaking from the banking group that it will pay
three thousand investors all of the money they put into
the COPSE Shield Fund. According to reporting the Australian Shield,
the property focused investment fund under investigation for allegedly mishandling
(10:37):
superannuation money, was put into liquidation last year, leaving fifty
eight hundred investors at risk of losing their retirement savings.
All up, investors put in four hundred and eighty million
dollars from twenty twenty two until ASEX shut it down
in twenty twenty four. Of that four eighty million, three
twenty one million was invested into the scheme through mcquarie's platform,
(10:58):
and that's the money it's being refunded to investors. It
should never have happened, but it did, and good on
Macquarie for repaying the investors.
Speaker 1 (11:07):
Yeah. Absolutely. Sean Elon Musk's ex has accused the federal
government of undermining human rights by restricting children's free speech
and access to information.
Speaker 2 (11:19):
The comments came in a submission to a parliamentary inquiry
into the government's social media ban and its age of verification.
The World First Band will take effect on December ten.
It will prevent all children aged under sixteen from accessing
social media, with the owners on social media companies to
prevent that access, something that actually Australia got commended for
(11:40):
at the UN this week. Now X ended has serious
concerns as the lawfulness of the bill, including its compatibility
with other regulation and laws, including international human rights treaties
to which Australia is a signatory. Now the reference there
is probably to the UN Convention on the Rights of
the Child. Communications Minister Arnaka Well said that x's claiman
(12:00):
were wrong because the ban had been put in place
to support children's well being, which is protected under another
UN convention.
Speaker 1 (12:08):
Okay. Turning to International News now and China's President Jiji
in Ping has set out conservative targets for emissions cuts
from the world's second largest economy while taking a veiled
swipe at US in action on climate change under Donald Trump.
Speaker 2 (12:22):
In a video addressed to the UN Climate Summit, she
said China would cut greenhouse gas emissions by up to
ten percent over the next decade while doubling its wind
and solar installed capacity from today's levels. A green transition
was a trend of our time, she said. According to
the FT, in apparent reference to the US, he said,
while some countries are acting against it, the international community
(12:43):
should stay focused in the right direction. China is the
world's biggest producer of greenhouse gases, and its goals for
cutting emissions are the single most important component of the
internationally agreed Paris Accord objective of limiting the average global
temperature rise to one and a half degrees above pre
industrial levels.
Speaker 1 (13:00):
Sean coming up next to fear and greed. Q and A.
You're speaking today with James Bergen, who is from Zero
a great supporter of this podcast. And this is a
terrific one for SMEs.
Speaker 2 (13:12):
It's a practical one for small businesses. So it's how
artificial intelligence can help your business. We start talking about,
you know, finding the best ways to understand artificial intelligence,
and then when you're using vendors, what to expect from
them and what AI can ultimately do for your business.
So great chat.
Speaker 1 (13:31):
Yeah, and I like the fact that it goes beyond
that basic use of AI that a lot of us
are doing in terms of automating some simple things and
gets into the more strategic side of it as well,
and how it can kind of boost your business along
those lines. That's coming up next to the Fear and
Greed playlist on your podcast platform or at Fearandgreed dot
com dot au, which is where you sign up Sean
(13:52):
for the free daily newsletter, which is just a ripping
read every.
Speaker 2 (13:56):
Day, ah ripping read.
Speaker 1 (13:58):
Michael, Well, I'll put a link in today's show notes
if you haven't signed up, It is entirely free. Thank you, Sean,
Thank you, Michael. It is Friday, the twenty sixth of
September twenty twenty five. Make sure you're following the podcast
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I'm Michael Thompson and that was Fear and Greed. Have
a great day.
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