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Green Car Innovation Fund pumps $63 million into Toyota. Commercialisation Australia gets $61 million...

Senator Carr's office announced last week that it will invest $63 million to bring production of Toyota’s next-generation, four-cylinder engine to the company's plant in Altona, Victoria. The Altona plant currently employs 320 people. By way of comparison, the much lauded Commercialisation Australia fund has been allocated $244 million over the four years 2011 to 2014. That's $61 million a year. Which option, do you think, will create more jobs?

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New Zealand’s Xero eyes US IPO, further disruption as subscribers increase...

Xero recently held its annual meeting in Wellington, during which the company revealed some interesting details about its future. As has been widely suspected, the...

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