News
Yahoo! Search Marketing has today announced a search marketing initiative for small business, investing up to $24 million in the advertising activities of Australian small businesses, entitled the ‘BIG BANG’ initiative.
The banks decision this week to put up fixed term interest rates on mortgages has shown once again that they are more interested in profiteering than supporting the community.
Australian workers still on individual contracts are losing thousands of dollars a year, according to the ACTU, with the union body urging workers that they need an exit strategy from their Work Choices agreement. Despite Labour abolishing the Howard Government’s Australian Workplace Agreements (AWA’s), thousands of Australian workers are still locked into sub-standard pay conditions, […]
The World Bank and the IMF have said that poorer countries are being hit the hardest in the economic crisis, with the crisis turning into a “human and development calamity.” In a statement on Sunday they said that the crisis has already driven “more than 50 million people into extreme poverty.” A World Bank/IMF report […]
New research into the Australian franchise industry has suggested that franchisers are still dragging their feet when it comes to recruiting women and members of Generation Y as franchisees. The latest Franchisor Expansion Study by market intelligence organisation 10 THOUSAND FEET canvassed the opinions of over 100 Australian franchisers to determine the strategies used to […]
Amazon has joined Apple as another tech company surging in the financial crisis, reporting a 24 percent increase in profits in the quarter ending March 31. The company’s first-quarter revenue climbed 18 percent to $US4.89 billion, with cost-conscious consumers jumping online seeking competitive product prices. According to some analysts, Amazon has benefited from the downturn, […]
Federal politicians are set to receive $4,700 a year more in electorate allowances, amounting to $90 a week, three times the rate of what aged pensioners are calling for in regards to an increase to their pension. The Federal Government has flagged a mere $20 a week increase to the pension, expected to be included […]
A study conducted by InfoChoice, financial comparison experts, has found that consumers are losing interest in savings, short-changing themselves by more than $1 billion worth of interest in the past six months. According to InfoChoice, consumers are losing out by not shopping around to look for the best savings account with the highest interest rate. […]
The Federal Government’s stimulus package was always going to be a gamble, but was not expected to be taken so literally, with many Victorians gambling their cash handouts away. Victoria has seen a $30 million increase in spending on pokie machines in a month. In December last year, following the Government’s first stimulus package, pokie […]
Treasurer Wayne Swan has hinted at a possible boost to the aged pension in next month’s federal budget. The Federal Government is considering increasing the single aged pension by $20 a week, along with boosting unemployment benefits. Swan told Network Ten that the Government have recognised there is a problem with the current base rate […]
Prime Minister Kevin Rudd is set to ease the burden for households hit by the financial crisis, by providing help with their mortgages.
Dell Australia’s latest SMB survey has found that the majority of small and medium businesses are turning to online for information and advice on technologies that would benefit their business and improve efficiencies. The survey of 203 Dell Australia small and medium business customers found that 52 percent of respondents find reading about IT in […]
After heavy criticism of the Rudd Government’s handling of the economic crisis, the Federal Opposition have announced their own plan for economic recovery. In an interview with David Koch on morning program Sunrise, Malcolm Turnbull criticised the Rudd Government’s stimulus package, labelling the $900 payments as “cash splashes” and that the Government has not done […]
Following on from a bleak report from the IMF about the state of the Australian economy, Treasuer Wayne Swan said he can’t guarantee the jobless rate won’t hit double digits. Currently sitting at 5.7 percent, the unemployment rate is expected to soar as the recession hits, with the IMF predicting the unemployment rate will reach […]
A new report conducted by the Green Building Council of Australia (GBCA) has confirmed that green building can help to boost the Australia economy by creating close to 10,000 new jobs in the construction industry. The report, Retrogreening Offices in Australia, released by Davis Langdon, has estimated that refurbishing significant quantities of office stock in […]
The IMF have predicted a gloomy future for the Australian economy, but the RBA remain optimistic, with Governor Glenn Stevens believing we are better positioned to ride out the economic storm than most countries. According to Chris Richardson, director of Access Economics, Mr Stevens optimism is a more accurate representation of Australia’s resilience. While he […]
The International Monetary Fund (IMF) says cash bonus payments are not the best way to stimulate the economy. The IMF’s comments come after many countries including Australia, the US and China have implemented their own stimulus packages to in order to help boost the economy. The Australian Federal Government has just spent $21 million on […]
According to a survey conducted by recruitment agency Hudson, more than half of the Australian employers surveyed indicate an imminent restructure of their business. The Hudson Report: HR Insights revealed that 55 percent of businesses anticipated reorganising their operations this year. Half of those respondents pointed to external economic pressures as the reason for restructure, […]
Participants of last year’s G20 summit have been left cold by the Government’s response to the 962 ideas generated, deciding to only implement nine of the ideas. More than 1,000 Australians gathered in Canberra last year to be part of the Australian 2020 Summit, designed to shape the future of Australia and explore new ways […]
It seems consumers are turning away from credit cards in the financial crisis and using debit cards to pay for purchases to avoid going into debt, MasterCard Australia says. MasterCard Australia executive vice-president, Australasia, Eddie Grobler said they have noticed a change in credit behaviour, with many users now turning to debit cards as the […]
