News
Thousands of home owners are facing higher interest rates as the big banks move to protect themselves from rising debt and the high cost of borrowing. The ANZ and the NAB have both been hit by the recession, with NAB on Tuesday announcing a 0.9 percent drop in net profit, to $2.66 billion, and the […]
Google Australia has taken the honour of the best place to work, after topping the charts of the BRW’s Top 50 Great Places to work list. The list was based on research conducted by the Great Place to Work Institute Australia which surveyed more than 15,000 employees. BRW said the reason Google Australia is such […]
Retail battery franchise Battery World is thriving in the financial crisis, recording a 20 percent growth in 2008 on the previous year, on the back of a growing number of consumers choosing to replace a product’s batteries rather than the entire product. Battery World general manager James Nixon-Smith said while many franchises had recently recorded […]
The Government’s proposed National Broadband Network could reduce Australia’s carbon footprint and cut consumers’ power bills, according to Communications Minister, Stephen Conroy. At an address at the National Press Club in Canberra, Minister Conroy said that through the network, consumers will be connected to ‘smart grids’ which means they will pay less for electricity through […]
The Federal Government, along with a group of top superannuation industry bodies have agreed to review Australia’s superannuation policies. Superannuation Minister Nick Sherry said the review would look at whether any improvements could be made to the system’s structure, operation and efficiency to boost retirement savings for consumers. “After nearly 20 years of compulsory superannuation […]
The global outbreak of swine flu could be an opportunity for the Australian tourism sector to take advantage of the domestic market, says managing director of the Australian Tourism Export Council, Matt Hingerty. “We often find when there is an issue like this that people don’t stop travelling altogether, they just change their destinations and […]
It seems the “tweets” are slowly fading, with Nielsen Online research indicating that Twitter follower numbers have fallen by 60 percent. According to the research, Twitter users who signed up in one month are failing to return the next month. Nielson Online vice president for primary research, David Martin believes that any new uptake of […]
The Global Poll have announced a new online polling service, designed to allow any person or business to reach a global group of opinion leaders and gain valuable market research. The Global Poll concept was developed by telecoms-industry expert Bruce Mott, to enable people to get instant feedback on a variety of topics, and allow […]
The Commonwealth Bank has announced a new initiative for online small and medium businesses, allowing them to develop, integrate and manage their online shop front, including online payment facilities. Commonwealth Bank eVolve is a transactional services platform designed for small and medium business owners who want a versatile online payment facility as well as a […]
Well it seems everyone is after small business. Big companies are clamouring to target.. well… you guys! And it’s no wonder, as there are approximately 1.9 million small businesses in Australia, representing over 95 percent of all business. In the space of a week, search engine giants Google and Yahoo! both announced search marketing initiatives […]
Following Access Economics Business Outlook report that pointed to the NSW economy as the worst performing in the country, the NSW Business Chamber has today announced a campaign to improve the NSW economy. The campaign, NSW: Reclaiming 1st is aimed at re-energising public policy debate in NSW. “Business wants NSW to lead from the front. […]
Access Economics latest Business Outlook report has identified New South Wales as the worst performing state economy in Australia. The state is in bad shape, but will come as no surprise to residents, with bad Government policies dogging the state for some time. According to Access Economics NSW commercial construction is weak, and the pace […]
A growing number of small businesses are taking longer and longer to pay their debt, and according to QLD based small business financial advisor, Sue Winstanley, the bigger they are, the worse it’s going to be for small business. Ms Winstanley works with many small businesses across the country improve their cash flow and has […]
Facebook have recently announced a slew of changes to the social networking site, in a bid to compete with new social networking sensation Twitter. On the agenda is an Open Stream API which will allow third-party developers to write programs that use Facebook’s data. It will give programmers direct access to pictures, video and text […]
The Tourism and Transport Forum has said that up to 29,000 tourism jobs could be lost as a result of the global recession. The tourism industry who directly employs up to 500,000 people across the country, could be hit hard if recent reports by Access Economics are correct. Access Economics latest Business Outlook report has […]
A high number of Sydneysiders are defaulting on their mortgages, as the unemployment rate continues to climb. One in 16 homeowners are defaulting on their mortgages, with the top area in NSW for mortgage defaults coming from Nelson Bay, north of Sydney, News Limited reports. According to a study compiled by University of Western Sydney’s […]
Qantas has signalled they may have to remove some business class seats from their flights, as profits drop amid the economic crisis. In an interview with Bloomberg Television, Qantas chief executive officer, Alan Joyce said, “ideally in the current environment, we wouldn’t have as many premium seats as we have.” The airline’s business class sales […]
Access Economics is predicting unemployment will soar beyond eight percent by the end of 2010. In its latest Business Outlook report, the economic forecaster said it expects close to one million Australians will be unemployed by late 2010, however the recession will be less severe in Australia than its counterparts. “There are key reasons to […]
Online retailer CatchOfTheDay.com.au is attempting to set a retail record, so to speak, by attempting to sell $1.5 million of Samsung LCD TVs online in less than 24 hours. With over 250,000 dedicated followers, the website is showing no signs of slowing in the current economy, as consumers jump online for cheap deals on various […]
It seems many Australians are attempting to restore their financial health in the current climate, by saving money and paying down debt. Veda Advantage’s latest Australian Debt Report reveals almost half of the Australians with debt surveyed owed less than they did 12 months ago, while only 13 percent of Australians with debt now owe […]
