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The secure messaging in healthcare market is projected to grow from $0.70 billion in 2023 to $1.67 billion by 2028, with a compound annual growth rate of 19.1%. This growth is driven by increasing data breaches, regulatory compliance, and the rising demand for telehealth services. North America leads the market, while Asia-Pacific is expected to be the fastest-growing region.
Australia's monetary policy impact is comparable to that of other advanced economies, according to Assistant Governor Christopher Kent of the Reserve Bank. Despite households holding significant variable-rate mortgage debt, the central estimates indicate that GDP and inflation responses to unexpected policy rate increases align closely with those in the US, euro area, UK, Canada, and Sweden.
AUD/USD faced its steepest weekly decline in four months, closing 1.84% lower at 0.6461, driven by a stronger US dollar following hawkish remarks from Fed Chair Jerome Powell. Meanwhile, Australia's mixed employment data and the RBA's commitment to controlling inflation suggest a delayed rate cut until May 2025. The currency pair is nearing critical support at 0.6360 - 0.6350, with a sustained break potentially leading to further declines towards the October 2022 low of 0.6170.
Elders Limited is set to acquire Delta Agribusiness for $75 million, aiming to enhance its market position amid ongoing agricultural volatility. The acquisition, which follows Delta's $53 million earnings last year, is seen as a strategic move to capitalize on shifting global supply-demand dynamics. With favorable US-China trade conditions, Elders is well-positioned for growth in the agricultural sector.
Thailand's same-sex marriage legislation, effective January 22, 2025, is projected to attract an additional 4 million tourists annually, generating $2 billion in tourism revenue and creating 76,000 jobs. The law will also grant same-sex couples rights related to adoption, healthcare, and inheritance, positioning Thailand as a leading destination for LGBTQIA+ travelers in Asia.
BHP Group’s Australia chief, Geraldine Slattery, warned that the nation is unprepared for a new era of lower-cost mining competitors and cannot rely on traditional export markets. She noted that the demand boom from China’s industrialization has passed its aggressive growth phase.
Goldman Sachs has revised its 2025 economic growth forecast for Australia down to 1.8%, from 2%, due to anticipated negative effects from the Trump administration's proposed tariffs on China. The firm highlights the potential impact on exports from Australia's largest trading partner as a key factor in this adjustment.
Australia will require businesses selling essential items, such as groceries and fuel, to accept cash payments, addressing the decline in cash acceptance amid a digital payment surge. Treasurer Jim Chalmers emphasized the importance of ensuring that the 1.5 million Australians who rely on cash are not marginalized.
Most Asian stocks are poised for a decline as traders adjust their expectations regarding Federal Reserve easing amid concerns over President-elect Donald Trump’s fiscal and trade policies. Equity futures indicate losses in Australia, Japan, and mainland China, while Hong Kong contracts show slight gains. Following the US election, US stocks fell 1.3%, erasing more than half of their post-election gains.
The biotechnology market study analyzes current and forecast market sizes across various segments, focusing on application areas and technology. It includes a detailed examination of the regulatory framework, value chain, and competitive behavior, with insights from extensive primary and secondary research. Key regions covered are North America, Europe, Asia Pacific, and the Rest of the World, providing a comprehensive overview for investors and industry participants.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
secure messaging in healthcare market projected to reach 1.67 billion by 2028
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09:30 18.11.2024
RBA monetary policy impact similar to other advanced economies, says official
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07:30 18.11.2024
aud usd faces steepest weekly decline as dollar strength intensifies
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06:39 18.11.2024
Elders Limited acquires Delta Agribusiness amid agricultural market volatility
05:30 18.11.2024
Thailand's same-sex marriage law to boost tourism and economy by 2025
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04:48 18.11.2024
BHP warns Australia unprepared for emerging low-cost mining competitors
03:47 18.11.2024
Goldman Sachs lowers Australia growth forecast amid Trump tariff concerns
00:55 18.11.2024
Australia mandates cash acceptance for essential goods amid digital payment rise
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asian stocks poised for decline amid fed uncertainty and trump policies
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global biotechnology market analysis and forecast from 2021 to 2027
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