Industry Insights

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Media File

Amazon poised to shake up mobile payments industry

27 August, 2014

As traditional point-of-sale (POS) systems used to accept credit card payments at brick-and-mortar businesses increasingly fall by the wayside, the mobile payments industry is undergoing rapid change and growth, helped along by the explosion in mobile devices. In the US, major players such as eBay and Google have gained a foothold. Now, with Amazon launching its new mobile POS system, Local Register, the competition could reach a boiling point.

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Media File

BHP Billiton to spin off, reversing mining sector trend

24 August, 2014

The mining industry has experienced a wave of consolidations over the past decade, driven largely by China’s demand for minerals. With the slowdown in China’s growth and a softening of the commodities market, companies are now focusing on their most profitable businesses. Anglo-Australian multinational BHP Billiton seems to be leading the reversal, recently announcing plans to spin off several assets into a new global metals and mining company.

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Media File

A bright future for geothermal

20 August, 2014

The geothermal industry may be on the cusp of rapid growth in the next few years. High initial costs have held the industry back, but exploration by the oil and gas drilling industries has yielded valuable data and a network of wells that are giving geothermal a boost. Industry leaders are looking at Africa, China, Central and South America, and Europe for new large-scale projects, and many projects are underway already, including a $1.6-billion facility in Indonesia.

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Media File

Tesla and Panasonic partnering on battery production

17 August, 2014

Tesla Motors and Panasonic have partnered to build and run the “gigafactory” to mass-produce lithium-ion batteries for electric vehicles and stationary energy storage. Tesla CEO Elon Musk said the factory could reduce battery costs by 30%, in turn making Tesla’s forthcoming Model 3 sedan accessible to a wider market, and potentially bolstering the electric vehicle industry overall. The $5 billion plant will be located in the south-western United States.

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Media File

The streamlining of Siemens under new CEO

13 August, 2014

Since becoming Chief Executive of German engineering giant Siemens last year, Joe Kaeser has formulated a vision. While not in crisis, Siemens has the potential to perform much better than it has, particularly in the last two decades, and Kaeser aims to focus the famously diversified company on three areas: electrification, automation and digitisation. As part of Siemens’s streamlining, any businesses that do not fit these criteria will be reconfigured or sold.

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