News
Telstra is calling on all business women to nominate themselves or someone they know for the 2009 Telstra Business Women’s Awards. Nominations open on the 25 May 2009, giving women the chance to achieve recognition for their business successes. In its 15th year, the Telstra Business Women’s Awards recognise the achievements of women in business […]
The latest small business ‘stress survey’ commissioned by Microsoft Australia has indicated that an increasing number of small businesses are feeling the strain of the downturn, with many taking their stress home.
Certain industries fare better in economic downturns according to franchise network Snap-on Tools Australia who announced an average yearly sales growth rate of 7.7 percent from 1991- 2008. The company is attributing its steady growth to its supply of tools to the automotive repair industry, which is showing signs of remaining steady as consumers retain […]
A leading economist has suggested that the Reserve Bank of Australia and the Government need to continue to work together to lift the economy out of recession, believing if they do so, the recession will be less damaging than the previous. Westpac chief economist Bill Evans said that world growth is weaker compared to the […]
Legal firms have been put under the spotlight, with claims of exploitation of clients. Australia’s attorney-general is set to consider measures which prevent legal firms exploiting their clients and overcharging. The new measures will include a prohibition on law practices charging excessive costs, and fines for any breaches of provisions adopted; along with a new […]
Australians businesses are feeling the pressure of the global economic downturn, with payment terms rising to 57.6 days, according to Dun & Bradstreet’s (D&B’s) latest quarterly trade payment analysis. The figures reveal a five day increase in terms since September 2007, taking business-to-business payment terms (all industries) to almost double the standard term. D&B CEO […]
The big banks have defended their position on interest rates, with the Australian Bankers Association claiming that the banks should be allowed to ramp-up pricing on loans, or hold onto further interest rate cuts to bolster profits in the face of a slowing economy. The comments are likely to cause outrage with industry groups and […]
Households have suffered their worst loss of wealth in almost 50 years, according to Analysing Treasury data. The economy is deteriorating at a faster pace than in the previous recession, and consumers are feeling the pinch with wealth held in property, shares and other assets falling nearly 12 percent in the past year. The data […]
The media coming out from the USA is known to be full of scare mongering and sensationally presented stories bordering on the ridiculous. It was no surprise to me then, when watching 60 minutes this Sunday night they included a report from CBS news about a new computer virus that has invaded the world’s computers […]
The Reserve Bank of Australia’s head of financial stability deparment, Luci Ellis believes that the global economy will only recover once the credit supply and the world banking systems are “restored from their sick beds.” In an speech at the Victoria University of Technology conference ‘Australia in the global storm: A conference on the implications […]
Microsoft and Yahoo are in talks of a possible search engine partnership, in order tackle their ever growing competitor Google. The two technology giants are currently in talks to join forces, in order to boost the popularity of the two flailing search engines. The news comes as the latest ComScore figures have shown that Microsoft […]
A senate inquiry into the Federal Government’s emissions trading scheme has begun today, called by the Greens and Coalition to examine the design and effectiveness of the scheme. The Greens have long opposed the Government’s emissions trading scheme, believing the plan would, “undermine existing policies to move Australia to renewable energy, energy efficiency and clean […]
News Corporation chairman Rupert Murdoch announced on Tuesday, a new unit that will allow for the sharing of content and resources across his media empire. This will include his various newspaper, magazine, online and television holdings across the US, UK and Australia. In a statement, John Moody, executive vice president at the FOX News television […]
Despite the collapse of the global economy, campervan hire company Jucy Rentals has maintained a strong hold over the Australian market, with continued growth and an annual turnover of more than $20 million in the year 2008/09. With the travel industry on the decline, and latest figures released by the ABS showing room occupancy of […]
In positive news on the stock market, the Australian dollar has rebounded, with a six-month high of 73.20 US cents. The Australian dollar has been on the decline since the global financial crisis hit home, but has rebounded in the past week, holding firm against the $US and the Japanese Yen. Business conditions have also […]
Global financial industry group The Institute of International Finance (IIF) has called on the International Monetary Fund (IMF) boost funds to aid the global economy. The IIF has called on IMF to “put into place the resources that have been committed (by the G20)” in order to deal with the deteriorating world economy. The call […]
New research released by the ABS has found that the economy is still struggling, with lending for small business dwindling. The ABS reported a small rise in lending for housing, which was dominated by first-home buyers, but lending to business fell by 14.7 percent to a 42-month low in February. The figures show that businesses […]
The Rudd Government’s proposed $43 billion National Broadband Network has come under fire in recent months from the Opposition, along with a number of industry groups; however, new research has shown that the majority of everyday Australians have given the Rudd Government the green light, backing the plan. Essential Research’s weekly survey found that 54 […]
Malicious activity on the internet continued to grow at a record pace in 2008, according to Symantec’s Internet Security Threat Report Volume XIV, with hackers employing more sophisticated techniques to steal consumer information.
Official interest rates fell once again this week, which is great news for those with home loans, but if you are a self funded retiree you are most likely suffering in the current low interest rate environment. As we all know self funded retirees get little support from the government, yet these are the people […]
