News
The Australian economy will lose more than $3 trillion over the next 50 years if climate change is not addressed, according to a new report from Deloitte Access Economics. The report titled A new choice: Australia’s climate for growth said if net-zero emissions policies are adopted by 2050 it could create 250,000 jobs and add […]
The Kwinana Refinery in Western Australia will be permanently closed and converted to an import terminal, as dwindling demand puts pressure on the fuel industry’s margins. “Regional oversupply and sustained low refining margins mean the Kwinana Refinery is no longer economically viable,” said bp Australia in a media statement on Friday. This closure follows the Federal […]
Research shows that products that use the Australian Made logo have an advantage in the international market, with 97 per cent of overseas consumers adopting a positive first impression of the logo. Ben Lazzaro, CEO of Australian Made, said that the iconic green and gold kangaroo has provided an effective way for shoppers around the […]
Australia is technically out of a recession however this does not mean Australia’s recovery will be smooth-sailing. At a Senate estimates hearing on Tuesday, RBA deputy governor Guy Debelle revealed that Australia’s economy grew in the September quarter. When asked about Victoria’s economy by Senator Bridget McKenzie, Dr Debelle surmised that Victoria’s economy appeared to […]
The COVID-19 pandemic has seen remote working transition from being a personal preference to a matter of safety. The challenge for small businesses is not only implementing technology that supports working from home (WFH) but in finding solutions that replicate office culture virtually and deliver a better user or customer experience. According to the ABS, […]
The world’s second and third largest economies, China and Japan, have both pledged to eliminate carbon dioxide emissions, heralding an economic era characterised by sustainability and renewable energy. Japanese Prime Minister Yoshihide Suga committed to carbon neutrality by 2050 in his first policy address to parliament earlier this week. “We will fundamentally shift our long-standing […]
With under a week until the 2020 US Presidential elections on Tuesday, 3 November, economists and investors are looking to predict the way various outcomes could affect Australian businesses. The US economy is the world’s largest economy, and Australia has a very close economic relationship with the USA. In 2016 alone, exports to Australia generated 264,000 […]
It’s a challenge that’s been discussed in boardrooms for years: how to harness evolving technologies to transform and improve the way a business functions. Yet despite its well-documented benefits, digital transformation is still not being achieved by a significant number of organisations. According to a Forrester Report, The Sorry State of Digital Transformation in 2018, […]
Businesses must invest in their online customer service as COVID-19 has driven up consumer demand for more virtual support. A LivePerson Customer Conversation Report found that 55 per cent of Australians said that they believed the online customer service of most companies could be improved. This includes providing more information online or having shorter hold […]
Linktree, the trusted tech platform that connects audiences to a user’s entire online ecosystem, has raised US$10.7 million in Series A funding, led by Insight Partners, an investor in Shopify, and AirTree Ventures, an early investor in Canva. The funding will accelerate Linktree’s expansion in international markets, including global team growth, and the evolution of Linktree’s product […]
A new study has shown that Australians are generally unwilling to sign off on wide-spread use of Artificial intelligence (AI), with less than a quarter of those surveyed approving of the growing technology. The study, conducted by the University of Queensland in partnership with KPMG, shows while 42 per cent generally accept it only 16 […]
Earlier this week, ASIC Commissioner Sean Hughes outlined ASIC’s expectation that issuers and distributors of financial products adopt a “consumer-centric” approach when designing and distributing their products. In an address to the 30th Annual Credit Law Conference, Mr Hughes provided an update on reforms since the 2019 Royal Commission, ASIC’s strategic priorities, and future credit […]
The NSW Government is joining forces with Innovation District Partners, including the Australian Catholic University (ACU), to identify innovative businesses for grants under the Boosting Business Innovation Program. This year’s Boosting Business Innovation Program supports businesses which are accelerating the commercialisation of research products to address the many disruptions caused by the COVID-19 pandemic. Innovation […]
Victorian Premier Daniel Andrews has announced all retail and hospitality businesses in Melbourne can reopen within days, after the state recorded no new coronavirus cases and deaths for the first time in more than four months. When restrictions lift at 11.59pm on Tuesday, Melbourne restaurants, hotels, cafes and bars will be able to host up to […]
Open Banking is here. It’s not scary, and it could save you money. I asked my 72-year-old Dad what he thought Open Banking was. With a daughter deep in the fintech industry, you would hope he’d know a thing or two about dollars and cents. Despite his enthusiasm for the topic, he thought Open Banking […]
The Digital Skills Organisation (DSO) has announced the appointment of Patrick Kidd, as its Chief Executive Officer, off the back of the 2020 Budget’s push towards digitisation for small businesses. Mr Kidd will lead the DSO as it aims to improve digital skills training in the VET system and provide an innovative and world-leading approach […]
Daniel Andrews has announced a “cautious pause” on the easing restrictions for Melbourne businesses, triggering negative backlash from the business sector frustrated that retail and hospitality opening will continue to be delayed. Victoria’s “roadmap to recovery” promised a step towards COVID-normal once Melbourne had a rolling 14-day average of below five new cases a day, […]
The Prime Minister has encouraged businesses to “be the best at adopting” technology but has cautioned against becoming “one big Silicon Valley.” This has elicited confusion among tech creators who question how Australia can promote technological innovation under a Federal strategy that prioritises practicality over originality. In an address to the Australian e-Commerce Virtual Summit […]
Small Australian businesses will be hurt the most if trade relations between China and Australia falter. While large companies like BHP and Rio Tinto can absorb the temporary revenue loss from lower export rates, it will be much harder for small businesses to survive. According to the latest release of ABS data on Characteristics of […]
With You With Me (WYWM) is a workforce technology platform that helps upskill veterans through training, education and recruitment. In 2019, WYWM won Deloitte’s Tech Fast 50 and Tech Fast 500 programs because of its explosive growth rate of 13,361 per cent. We sat down with co-founder Luke Rix to discuss why they founded WYWM, […]
