John Donigian, the senior director of #SupplyChain strategy at Moody’s, said the #tariffs could lead to higher #costs, potential #delays & pressure for #businesses to shift production closer to North America or into the #UnitedStates.

All industries would face unique challenges, he said. For #electronics, moving #production could be #slow & #costly. For #retail & #consumer #goods that try to keep costs low, inventories could fall & consumer #prices rise.

[so less stuff that’s more expensive]

News Corp continues the fight against democracy
By Ian Verrender

Rupert Murdoch has been a kingmaker around the world for decades but, as Americans prepare to got to the polls, it's another election that has backed News Corp into a corner.

https://www.abc.net.au/news/2024-11-02/news-corp-continues-the-fight-against-democracy/104551052

#MediaIndustry #MultinationalCorporations #Media #Businesses #BusinessEconomicsandFinance #IanVerrender

#Qantas, #Virgin, #Netflix and #Canva among 1,200 major companies that paid no income #tax in #Australia in 2022-23. ATO finds 31% of large #businesses reported nil tax paid as many companies deducted losses and used #offsets to dial their bills down to #zero: https://www.theguardian.com/australia-news/2024/nov/01/australia-companies-no-income-tax-2022-23-ato-report