Surprise Surge 📈

Statistics provided by the Australian Bureau of Statistics indicate a significant 0.9% upswing in sales when compared to the preceding month.

Author

Maziar Foroudian
November 01, 2023

Latest Stories

Statistics provided by the Australian Bureau of Statistics indicate a significant 0.9% upswing in sales when compared to the preceding month.

The upcoming “India@2047 Vision Document,” to be revealed in three months, outlines vital changes for India’s $30 trillion economy by 2047.

The recent $20 million judgement imposed on Meta for misleading consumers about the use of personal activity data by ACCC has put a spotlight on data security.

In this week of Tech Tuesday, we discuss seven biometric authentication solutions tailored for SMEs, each accompanied by pertinent details.

Top stories

The CSIRO has increased the eligibility threshold for its Kick-Start grants program, allowing more Australian businesses to apply for funding to support research and development projects. Previously, businesses with up to $1.5 million in annual revenue were eligible, but now businesses with up to $10 million in revenue can apply.

Australia

The Australian government has agreed to scrap civil penalties against businesses that misrepresent casual employment and protect the rights of workers who willingly accept regular hours to remain casual, in a shift that aims to strike a balance between worker protection and flexibility.

Australia's largest meat cooperative, the Casino Food Co-op, has reported a $11 million loss due to record cattle prices. CEO Simon Stahl discusses the challenges the processor faced and the positive outlook for the future.

New research reveals that one in three employers plan to pay employees who work from home differently from their office colleagues. Critics warn of discrimination risks and the potential for conflict among staff.

Australian economy

In the dangerous game of central banking, the Reserve Bank of Australia risks overshooting its inflation target like Wile E Coyote chasing the Road Runner. The lag between rate hikes and their full effect could spell trouble for households already on the edge.

Superannuation funds in Australia are facing challenges in providing adequate advice and overcoming apathy towards retirement savings, with urgent reforms needed to assist retirees in navigating the system. A lack of engagement and education further compound the issue.

World

Canada has announced a ban on WeChat, the Chinese-owned "everything app," citing security concerns that it could be used for spying. The move follows similar actions against Russia-based Kaspersky and highlights the escalating threat posed by these apps.

President Joe Biden has signed an executive order on AI that emphasizes privacy, workers' rights, and addressing algorithmic discrimination, while also promoting development, investment, and regulation. The order aims to ensure America leads in AI while managing its risks.

Tech

Facebook and Instagram are launching ad-free subscriptions in Europe, allowing users to pay €9.99 per month for an ad-free experience. The move aims to address concerns over data privacy and comply with European regulations.

Google is finally acknowledging and working to fix a storage bug in Android 14 that locks users out of their devices, with a Play system update aimed at preventing the issue from being triggered on more devices. However, the solution is not foolproof and doesn't address devices already affected.

In the ever-changing world of social media, brands are facing new challenges in capturing and retaining an audience's attention. However, by understanding user behavior, creating authentic content, and prioritizing engagement, brands can still thrive on these platforms.

Curated for you

In today’s fast-paced world, maintaining peak productivity can be challenging. One way to combat midday fatigue and boost productivity is by taking a power nap. Discover the benefits and techniques for an effective power nap.

Why do entrepreneurs still need humans in the era of AI? From emotional intelligence to complex decision-making, human capabilities continue to be invaluable in business. Read more to find out why.

Cultivate Advisors has created a complimentary online tool, the Small Business Scorecard, to help small businesses evaluate their worth and readiness for exit. This user-friendly tool focuses on key success factors and provides valuable insights for entrepreneurs.

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