A noteworthy dip in daily average spending

Here's a deep dive into the financial dynamics of the Australian landscape.

Latest Stories

ESBWA is calling on the government to exercise caution as it contemplates revising the definition of independent contractors.

Q3 Digital Economy Index shows Australians’ online spending has dropped 5.07% year-on-year (YoY)

Davie Fogarty, founder of The Oodie shares shares the 7 risks and challenges online retailers are likely to encounter in their business journey.

Aussie entrepreneur Amy Benson identified a glaring gap in the investor relations industry and launched her company, Diolog, with a simple vision – to make investor communications better.

The global job landscape is undergoing a seismic shift, with a staggering 2.2 times increase in job postings related to AI or generative AI over the past two years.

However compelling your offering, your start-up won’t succeed if its billing arrangements aren’t up to scratch, writes Carl Warwick from BillingPlatform.

In this edition of Let’s Talk, experts share key strategies for businesses to enhance their brand through sustainability.

The September 2023 Cost of Living Index showed a month-on-month decrease in daily average spending to $61.14 from $61.92 in August.

Moneytech Founder and Director Hugh Evans and CEO Nick McGrath believe the tech-trend of the past two decades will continue exponentially with the inclusion of more and more AI processes.

Visa has introduced a $100 million venture fund for generative artificial intelligence (GenAI)startups.

Gen Z Australians are starting side-hustles or small businesses, according to research released by GoDaddy.

Top stories

As Australia's economy slows down, recruitment and labour hire companies are collapsing, struggling to find qualified candidates and facing competition for new hires. The situation is being referred to as an "insolvency armageddon."

Discover tips and resources to help your new business thrive. From building brand loyalty to maximizing SEO ROI, this article has everything you need to boost profitability.

Australia

Australia's new Fair Work Ombudsman warns employers of potential criminal penalties for wage theft, as the government pushes to criminalize the practice and impose hefty fines and imprisonment.

Queensland businesses may see relief from high energy costs with the expansion of a cashback scheme to install energy-efficient equipment, offering rebates of up to $12,500. This initiative aims to lower power bills and help reduce the cost of living crisis.

Australian Economy

Rising interest rates are causing shifts in the global market. The Israeli conflict may prompt an influx into safer assets, but experts say it won't disrupt the broader macroeconomic narrative.

Cash-strapped households are expected to tighten their belts and start hunting for early Christmas sales, as inflation and high interest rates put a squeeze on gift budgets. Despite rising prices, Australians are predicted to spend just 0.1% more than last year.

World

Business signs are more than just markers for brick-and-mortar stores. They act as guideposts, convey brand promises, attract customers during special events, divert competition, and bridge the online-offline gap.

Boston is launching a second round of funding for its successful SPACE grants program, offering up to $200,000 to small businesses to fill vacant commercial spaces in the city. The deadline is November 10.

China's enormous real estate crisis poses a major threat to its banking system, with nearly 40% of all bank loans tied to property. As defaults rise, Beijing may be forced to bail out its biggest banks.

Tech

Welcome to Neural Notes, where we condense the latest AI news. This week, Canva's new AI suite, AI's impact on agriculture, INFORM Australia's foray into "deathtech," and LinkedIn's generative AI tools. Read on for more!

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