Government announces new support for Australia’s SMEs

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Latest Stories

The measures, originally outlined in the 2022-23 Budget, aim to provide practical support to SMEs, recognizing their vital role in Australia’s economy.

As AI advances, fraudsters grow more cunning. Prevention must outpace fraud innovation, says Mark.

August unemployment rate remains firm at 3.7%

Here’s a recap of recent funding developments from Australia and beyond.

Co-founders and entrepreneurs Briana Cicchelli and Annika Launay run a successful national marketing agency, have opened a restaurant and fromagerie and created Franc.World.

here’s how employers should respond when employees’ problematic behaviour resurfaces online.

R U OK?Day 2023 is Thursday 14 September and is a reminder that every day is the day to ask, ‘are you OK?’ and start a meaningful conversation with your colleagues.

Here are four strategies for SMEs to boost conversion during a slump in retail.

Experts from Holding Redlich Howard Rapke, Gemma Hannah, and Alex Stiliadis talk about what companies should know about the NACC.

Finder compared the performance of Australia’s top investment funds against AI.

Top stories

Unforeseen costs of AI are quickly becoming a reality for businesses. As AI operations scale, hidden expenses in hardware, power requirements, and cloud services are expected to skyrocket. Budgeting for these unexpected costs is crucial for organizations to navigate the AI landscape effectively.

Australia

The surge in artificial intelligence (AI) development in Australia has prompted regulators to examine how AI regulation should cover businesses. Existing regulations could address many risks associated with AI, but certain gaps need to be filled to ensure effective oversight and protection.

Australia's business failure rate is predicted to increase as high interest rates and decreased consumption continue to squeeze struggling enterprises, particularly in the food and beverage service sector. Late payments and cash flow issues compound the risk of failure.

Australian Economy

Is monetary policy fair to depositors? As interest rates fluctuate, retirees relying on interest earnings for income are left with instability while banks profit.

In a historic move, Anthony Albanese and Jim Chalmers have appointed Michele Bullock as the first female governor of the Reserve Bank. As they navigate political and economic challenges, ensuring her independence will be crucial.

World

Australia has struggled to establish profitable business relationships in Southeast Asia despite the region's growing economies and middle-class prosperity. Former Macquarie Bank CEO Nicholas Moore's report on Australia's economic strategy in Southeast Asia aims to address this challenge and encourage a "shift in thought" for Australian businesses.

Sheikh Tahnoon's entities are facing challenges in navigating complex M&A regulations overseas, with concerns about national security reviews and information flow to China. Despite this, Abu Dhabi's wealth funds continue to invest in emerging markets.

The persistent issue of inflation is eroding the confidence of small businesses in the US, according to the NFIB Small Business Optimism Index. Small business owners are forced to rethink strategies and find ways to reduce expenses amidst rising costs. Read more here.

Tech

Google is on trial for allegedly using underhand tactics to maintain its dominance as the world's top search engine. The outcome could reshape the future of the Internet. Here's what you need to know.

Discover how Facebook Marketplace can benefit your business, from real-time communication with customers to personalized customer experiences. Learn how to sell on the platform and explore popular categories for sellers.

Looking for time-efficient and quality tools to enhance your WordPress setup? Get a lifetime license to the ChatGPT WordPress Plugin for only $59.99 and save $240 off the standard price. Upgrade your online presence now!

Curated for you

The Shrinkflation Tracker is on a mission to expose manufacturers reducing the size of products without lowering prices. Brands like Pringles and Dove are among the culprits.

Are your passwords putting your business at risk? Learn how to create a strong password policy that can enhance security and protect your business from data breaches.

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