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AU Financial Review
26-05-2025
- Business
- AU Financial Review
Richard White's biggest bet could make or break WiseTech
It's hard to overstate the size of the gamble that WiseTech executive chairman Richard White has taken by agreeing to buy US software group e2open for $US2.1 billion ($3.2 billion). While WiseTech and White are experts at acquisitions, having completed a staggering 55 deals to build the $33 billion logistics software giant, E2open is a very different beast.
AU Financial Review
25-05-2025
- Business
- AU Financial Review
WiseTech seals its biggest ever acquisition
Technology billionaire Richard White's WiseTech Global has made its biggest acquisition ever, spending $US2.1 billion ($3.25) to buy Texas-based software firm e2open. The logistics software giant announced on Monday morning it had agreed to buy the US-listed firm for $US3.30 per share which is fully funded by debt from a new syndicate of banks and lenders.
The Advertiser
19-05-2025
- Health
- The Advertiser
Global health body counts the cost of funding cuts
People in at least 70 countries are missing out on medical treatment due to funding cuts to aid program, the World Health Organisation says, adding it also faces major financial challenges. "Patients are missing out on treatments, health facilities have closed, health workers have lost their jobs, and people face increased out-of-pocket health spending," WHO Director-General Tedros Adhanom Ghebreyesus said in an address to the World Health Assembly. The WHO is currently facing a $US600 million ($A940 million) hole in its annual budget and cuts of 21 per cent over the next two-year period. Hundreds of WHO officials are joining donors and diplomats in Geneva from Monday to discuss how to cope with crises from mpox to cholera without their main funder, the United States. As the US prepares to exit the organisation, China is set to become the biggest provider of state fees - one of the WHO's main streams of funding alongside donations. "Many ministers have told me that sudden and steep cuts to bilateral aid are causing severe disruption in their countries, and imperilling the health of millions of people," Tedros added. Tedros said states should consider spending more money on global health, at a time when defence expenditure is increasing: "Countries spend vast sums protecting themselves against attacks from other countries, but relatively little on protecting themselves from an invisible enemy that can cause far more damage." WHO has revised down its budget to $US4.2 billion for the next two years - $US2.1 billion a year. "2.1 billion dollars is the equivalent of global military expenditure every eight hours," Tedros told delegates. He added that the WHO has already taken steps to cut its workforce, budget and the scope of its work. Last week it cut half of its senior leadership team. People in at least 70 countries are missing out on medical treatment due to funding cuts to aid program, the World Health Organisation says, adding it also faces major financial challenges. "Patients are missing out on treatments, health facilities have closed, health workers have lost their jobs, and people face increased out-of-pocket health spending," WHO Director-General Tedros Adhanom Ghebreyesus said in an address to the World Health Assembly. The WHO is currently facing a $US600 million ($A940 million) hole in its annual budget and cuts of 21 per cent over the next two-year period. Hundreds of WHO officials are joining donors and diplomats in Geneva from Monday to discuss how to cope with crises from mpox to cholera without their main funder, the United States. As the US prepares to exit the organisation, China is set to become the biggest provider of state fees - one of the WHO's main streams of funding alongside donations. "Many ministers have told me that sudden and steep cuts to bilateral aid are causing severe disruption in their countries, and imperilling the health of millions of people," Tedros added. Tedros said states should consider spending more money on global health, at a time when defence expenditure is increasing: "Countries spend vast sums protecting themselves against attacks from other countries, but relatively little on protecting themselves from an invisible enemy that can cause far more damage." WHO has revised down its budget to $US4.2 billion for the next two years - $US2.1 billion a year. "2.1 billion dollars is the equivalent of global military expenditure every eight hours," Tedros told delegates. He added that the WHO has already taken steps to cut its workforce, budget and the scope of its work. Last week it cut half of its senior leadership team. People in at least 70 countries are missing out on medical treatment due to funding cuts to aid program, the World Health Organisation says, adding it also faces major financial challenges. "Patients are missing out on treatments, health facilities have closed, health workers have lost their jobs, and people face increased out-of-pocket health spending," WHO Director-General Tedros Adhanom Ghebreyesus said in an address to the World Health Assembly. The WHO is currently facing a $US600 million ($A940 million) hole in its annual budget and cuts of 21 per cent over the next two-year period. Hundreds of WHO officials are joining donors and diplomats in Geneva from Monday to discuss how to cope with crises from mpox to cholera without their main funder, the United States. As the US prepares to exit the organisation, China is set to become the biggest provider of state fees - one of the WHO's main streams of funding alongside donations. "Many ministers have told me that sudden and steep cuts to bilateral aid are causing severe disruption in their countries, and imperilling the health of millions of people," Tedros added. Tedros said states should consider spending more money on global health, at a time when defence expenditure is increasing: "Countries spend vast sums protecting themselves against attacks from other countries, but relatively little on protecting themselves from an invisible enemy that can cause far more damage." WHO has revised down its budget to $US4.2 billion for the next two years - $US2.1 billion a year. "2.1 billion dollars is the equivalent of global military expenditure every eight hours," Tedros told delegates. He added that the WHO has already taken steps to cut its workforce, budget and the scope of its work. Last week it cut half of its senior leadership team. People in at least 70 countries are missing out on medical treatment due to funding cuts to aid program, the World Health Organisation says, adding it also faces major financial challenges. "Patients are missing out on treatments, health facilities have closed, health workers have lost their jobs, and people face increased out-of-pocket health spending," WHO Director-General Tedros Adhanom Ghebreyesus said in an address to the World Health Assembly. The WHO is currently facing a $US600 million ($A940 million) hole in its annual budget and cuts of 21 per cent over the next two-year period. Hundreds of WHO officials are joining donors and diplomats in Geneva from Monday to discuss how to cope with crises from mpox to cholera without their main funder, the United States. As the US prepares to exit the organisation, China is set to become the biggest provider of state fees - one of the WHO's main streams of funding alongside donations. "Many ministers have told me that sudden and steep cuts to bilateral aid are causing severe disruption in their countries, and imperilling the health of millions of people," Tedros added. Tedros said states should consider spending more money on global health, at a time when defence expenditure is increasing: "Countries spend vast sums protecting themselves against attacks from other countries, but relatively little on protecting themselves from an invisible enemy that can cause far more damage." WHO has revised down its budget to $US4.2 billion for the next two years - $US2.1 billion a year. "2.1 billion dollars is the equivalent of global military expenditure every eight hours," Tedros told delegates. He added that the WHO has already taken steps to cut its workforce, budget and the scope of its work. Last week it cut half of its senior leadership team.
West Australian
19-05-2025
- Health
- West Australian
Global health body counts the cost of funding cuts
People in at least 70 countries are missing out on medical treatment due to funding cuts to aid program, the World Health Organisation says, adding it also faces major financial challenges. "Patients are missing out on treatments, health facilities have closed, health workers have lost their jobs, and people face increased out-of-pocket health spending," WHO Director-General Tedros Adhanom Ghebreyesus said in an address to the World Health Assembly. The WHO is currently facing a $US600 million ($A940 million) hole in its annual budget and cuts of 21 per cent over the next two-year period. Hundreds of WHO officials are joining donors and diplomats in Geneva from Monday to discuss how to cope with crises from mpox to cholera without their main funder, the United States. As the US prepares to exit the organisation, China is set to become the biggest provider of state fees - one of the WHO's main streams of funding alongside donations. "Many ministers have told me that sudden and steep cuts to bilateral aid are causing severe disruption in their countries, and imperilling the health of millions of people," Tedros added. Tedros said states should consider spending more money on global health, at a time when defence expenditure is increasing: "Countries spend vast sums protecting themselves against attacks from other countries, but relatively little on protecting themselves from an invisible enemy that can cause far more damage." WHO has revised down its budget to $US4.2 billion for the next two years - $US2.1 billion a year. "2.1 billion dollars is the equivalent of global military expenditure every eight hours," Tedros told delegates. He added that the WHO has already taken steps to cut its workforce, budget and the scope of its work. Last week it cut half of its senior leadership team.
Perth Now
19-05-2025
- Health
- Perth Now
Global health body counts the cost of funding cuts
People in at least 70 countries are missing out on medical treatment due to funding cuts to aid program, the World Health Organisation says, adding it also faces major financial challenges. "Patients are missing out on treatments, health facilities have closed, health workers have lost their jobs, and people face increased out-of-pocket health spending," WHO Director-General Tedros Adhanom Ghebreyesus said in an address to the World Health Assembly. The WHO is currently facing a $US600 million ($A940 million) hole in its annual budget and cuts of 21 per cent over the next two-year period. Hundreds of WHO officials are joining donors and diplomats in Geneva from Monday to discuss how to cope with crises from mpox to cholera without their main funder, the United States. As the US prepares to exit the organisation, China is set to become the biggest provider of state fees - one of the WHO's main streams of funding alongside donations. "Many ministers have told me that sudden and steep cuts to bilateral aid are causing severe disruption in their countries, and imperilling the health of millions of people," Tedros added. Tedros said states should consider spending more money on global health, at a time when defence expenditure is increasing: "Countries spend vast sums protecting themselves against attacks from other countries, but relatively little on protecting themselves from an invisible enemy that can cause far more damage." WHO has revised down its budget to $US4.2 billion for the next two years - $US2.1 billion a year. "2.1 billion dollars is the equivalent of global military expenditure every eight hours," Tedros told delegates. He added that the WHO has already taken steps to cut its workforce, budget and the scope of its work. Last week it cut half of its senior leadership team.
