The Business Council is today releasing a comprehensive national plan to reverse the nation’s productivity slump and drive competitiveness with a package of reforms to leave each Australian $7,000 better off a year after a decade. “If we want sustained wages growth and to maintain
Living costs for employee households rose 1.5 per cent in the June 2023 quarter, according to the latest data from the Australian Bureau of Statistics (ABS). Michelle Marquardt, ABS head of prices statistics, said: “All household types saw rises in living costs equal to or
Australian retail sales volumes fell 0.5 per cent in the June quarter 2023, making it the third quarter in a row to see a fall, according to figures released today by the Australian Bureau of Statistics (ABS). It follows a 0.8 per cent drop in
A new study by SAP SE (NYSE: SAP) has found Australian businesses are better set-up to be resilient than the rest of the world when it comes to major disruptions. Seven in ten (70%) of businesses in Australia say they have effective plans to respond quickly to
As China grapples with a serious deflation threat, investors worldwide must prepare for the fallout and adjust their strategies accordingly, warns the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations. The warning from deVere Group’s Nigel Green comes
The surprise US credit rating downgrade will trigger short-term volatility for the dollar – but more importantly, will speed-up the long-term decline of the US and global reserve currency, warns the CEO of one of the world’s largest independent financial advisory and asset management companies.
The Reserve Bank of Australia (RBA) has paused the interest rate rise cycle, providing some relief to both consumers and businesses. However, as Luke Fossett, General Manager of GoCardless Australia and New Zealand, points out, businesses should not let their guard down. “Today’s rate pause
New data from Xero’s Small Business Index (XSBI) has revealed Australian small businesses have been resilient to recent economic challenges of the first half of the year, with overall business conditions remaining better than the long-term average. Xero’s Small Business Index which provides a health check into
New findings by Employsure suggest the cancellation of the commonwealth games may have impacted small businesses across multiple industries. With the cancellation of the commonwealth games; thousands of businesses state and nationwide have been impacted, says Employsure, who says the commonwealth games were a ray
Australians are spending on average nearly $600 less online than they were a year ago, according to the latest Digital Economy Index from leading global financial platform Airwallex. The Airwallex Quarterly Digital Economy Index records year-to-date spending per adult, as well as quarter-by-quarter snapshots of the
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