ACCC warns

Latest Stories

New study shows that half of all Australian businesses will look offshore for suppliers and customers as the cost of doing business grows.

ACCC urges businesses to amend contracts before Nov 9.

Despite facing persistent challenges, the August results paint a more optimistic picture for SMEs, with growing confidence and a brighter outlook compared to earlier this year.

Andrew Winlaw, VP & GM Australia/New Zealand at Amelia, emphasises the urgency for Australian businesses to embrace AI’s value promptly.

Data shows 25% of SMEs fear irreversible damage from privacy breaches, inspired by cases like Medibank, Optus, and Telstra, with an additional 25% uncertain about Privacy Act obligations.

Top stories

The dream of starting a business is slipping away from young Australians, with potential consequences for the economy. Urgent measures are needed to address financing and government intervention.

Australia

The growing need for security measures, from counter-terrorism laws to cybersecurity, is taking a toll on global productivity growth. As we prioritise safety, we must consider the economic cost and its long-term impact.

The Australian government's target of building 1.2 million homes over five years may be extremely difficult, if not impossible, without major changes, according to industry experts. Housing Minister Julie Collins has called the target "ambitious but achievable," but critics say planning issues and delays are the biggest obstacles to meeting the goal.

Australian Economy

Accusing corporations of fueling high inflation rates may be misplaced, as a US Federal Reserve research paper suggests that governments and central banks are more to blame. Corporate profit margins actually declined during the post-pandemic period.

Economists warn that high levels of immigration have contributed to Australia's housing affordability crisis, as demand outpaces supply. AMP's chief economist suggests a cut in migration may be necessary to balance the market.

New Zealand's budget deficit has outstripped forecasts, leading to concerns about the economy. Slower growth, rising prices, and high mortgage rates are expected to impact household spending.

World

The WTO warns of a growing trend towards trade fragmentation and friend-shoring, which could ultimately fragment the world economy and jeopardize the benefits of economic integration.

Tech

Discover the latest software update for Meta's Quest headsets, allowing you to personalize your avatar, along with other notable tech news and enticing product recommendations. Read more to stay in the know.

Apple fans, get ready for some exciting news! The Apple Store is down, signaling the arrival of new products at the company's "Wonderlust" event. Expect the highly awaited iPhone 15, iPhone 15 Plus, Apple Watch Series 9, and more. Stay tuned as Mashable brings you all the updates.

Google is implementing a new policy that requires some suspended advertisers to go through a verification process before appealing their account suspension. Starting on October 10, 2023, this change aims to improve ad quality and combat ad fraud on Google's platform.

Curated for you

Inflation, rising costs, and marketing channel collapses are making life difficult for e-commerce store owners in 2023. Now, Shopify and Amazon are adding to the challenges with changes that will impact small-but-successful retailers.

Discover the latest Instagram updates that are essential for marketers. From adding music to carousel posts to collaborative sharing, these changes offer new opportunities for engagement and creativity. Read on to learn more.

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