Hakon Wium Lie, CTO Opera Software - Talking Business 2014 Ep 20

Hakon Wium Lie, chief technology officer of Opera Software, talking about how Opera competes in the browser space

- Interview with Hakon Wium Lie, chief technology officer of Opera Software

- Interview with economist Saul Eslake

- Leon and Garry discuss issues including:

· Good signs of recovery in the US with consumer confidence increasing slightly in May, with hopes for better job opportunities and higher wages rising. Also, the IMF declares that Spain's economic recovery is here to stay, hailing a return to growth and job-creation despite the nation's 26 per cent unemployment rate

· While voters are maintaining their rage about the Budget, the Abbott government remains open to negotiating some of its budget measures with the Senate, but Treasurer Joe Hockey has all but ruled out compromise on a GP co-payment. Labor meanwhile says it will oppose a $2.6 billion budget cut that pauses the annual increase in family tax benefits. All this means that the Abbott government is facing an early budget shortfall because current senators as well as members of the future Senate, starting on July 1, say they will not support key measures in it.

· The iron ore price remains below $US100 as analysts deliver a largely bleak outlook for the commodity with Credit Suisse saying it could drop to $87. As a result, BHP Billiton and Rio Tinto caution that the local coal industry is set for further pain, with more job losses and mine closures tipped before the end of the year.

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RMIT University
software, opera, internet, budget, GST, tax, US economy, Spain, IMF, voters, Senate