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Australia

Australian economy Stories

Australian Stories

Australian economy stories

One in eight Australian cafés shut as pressures mount
Small Business

One in eight Australian cafés shut as pressures mount

Higher costs and weaker consumer spending have pushed Australia's hospitality sector into its worst strain in years, with arrears at record highs.

By Mark Tarre • 4 min read • Last week
Airtasker says founders lose AUD $92 billion on admin
eCommerce

Airtasker says founders lose AUD $92 billion on admin

Australian founders are losing time worth more than AUD $92 billion a year to routine admin, dragging on productivity and growth.

By Joseph Gabriel Lagonsin • 4 min read • Last week
Sydney Quantum Academy launches learning hub & careers event
Semiconductors

Sydney Quantum Academy launches learning hub & careers event

The initiative targets a skills gap as Australia's quantum sector could support 19,400 jobs by 2045, yet only 27% of people know the field.

By Sean Mitchell • 4 min read • Last week
Australia rates rise likely this year, economist says
Westpac

Australia rates rise likely this year, economist says

Persistent inflation and weak household finances leave the Reserve Bank of Australia facing another possible rate rise before year-end.

By Mark Tarre • 4 min read • Last week
Xero launches free finance lessons for small firms
Artificial Intelligence

Xero launches free finance lessons for small firms

Many Australian small business owners cannot tell if they made a profit, prompting Xero to offer free mentoring and lessons.

By Karen Joy Bacudo • 4 min read • This month
RBA holds rates as softer inflation eases pressure
Digital Transformation

RBA holds rates as softer inflation eases pressure

Softer core inflation has given households and businesses a reprieve, but the RBA says housing and wage pressures still threaten progress.

By Mark Tarre • 4 min read • This month
South Australia launches AI royal commission amid caution
Digital Transformation

South Australia launches AI royal commission amid caution

The inquiry could shape rules on jobs, safety and public services as firms warn that overreach may drive investment offshore.

By Sean Mitchell • 4 min read • This month
Australia construction leaders eye growth despite risks
Risk & Compliance

Australia construction leaders eye growth despite risks

Economic uncertainty and labour shortages are tempering optimism, even as 73% of construction leaders say Australia's sector has been stable over the past year.

By Sean Mitchell • 4 min read • This month
CreditorWatch sees RBA raising rates again by November
Artificial Intelligence

CreditorWatch sees RBA raising rates again by November

Higher borrowing costs for households and businesses may be back by November as inflation risks remain tilted to the upside, CreditorWatch says.

By Mark Tarre • 4 min read • This month
Australian firms plan price rises amid supply strain
Agricultural Technology

Australian firms plan price rises amid supply strain

Shoppers could face higher prices, fewer choices and longer waits as Australian companies pass on rising supply chain costs.

By Joseph Gabriel Lagonsin • 4 min read • This month
MIST wins AUD $3.5m to back student funds in Australia
Fintech

MIST wins AUD $3.5m to back student funds in Australia

Fresh capital will let the fintech expand checks on international students' living funds as universities tighten oversight of visa compliance.

By Karen Joy Bacudo • 4 min read • This month
Household energy fund tops AUD $1 billion in loans
Power / Energy

Household energy fund tops AUD $1 billion in loans

Australian households are cutting bills by up to 80% after taking low-interest loans for solar, batteries and electric appliances.

By Sean Mitchell • 4 min read • This month
Gen Z Australians juggle bills amid payday pressure
Fintech

Gen Z Australians juggle bills amid payday pressure

More than half of young adults are shifting cash between accounts to dodge failed transactions, a survey found.

By Karen Joy Bacudo • 3 min read • This month
Australia urged to bolster digital finance & fraud defences
Digital Transformation

Australia urged to bolster digital finance & fraud defences

Rising online fraud and a 2027 digital assets regime are pushing banks and fintechs to upgrade infrastructure as adoption accelerates.

By Mark Tarre • 4 min read • This month
Australian fintechs warn of tougher AI & payments scrutiny
Fintech

Australian fintechs warn of tougher AI & payments scrutiny

Rising regulatory pressure could force banks, merchants and payment firms to tighten controls on AI and card costs as Australia reforms payments.

By Sofiah Nichole Salivio • 5 min read • This month
CEFC adds AUD $150 million to ANZ SME green finance
Supply Chain

CEFC adds AUD $150 million to ANZ SME green finance

The top-up will lower borrowing costs for small firms buying solar, batteries and electric vehicles as energy bills and inflation bite.

By Sean Mitchell • 4 min read • Last month
AI could add AUD $4.8bn to small accounting sector
Digital Transformation

AI could add AUD $4.8bn to small accounting sector

Labour shortages and rising client demands could be eased if more firms adopt AI, MYOB says, boosting annual revenue by AUD $4.8 billion.

By Karen Joy Bacudo • 5 min read • Last month

Global Stories

Australian economy stories

Colter Bay backs Vertical Aviation with AUD $115m loan
Oil and Gas

Colter Bay backs Vertical Aviation with AUD $115m loan

Fresh capital will help Vertical Aviation refinance bank debt and fund aircraft buys as private credit gains ground in Australian lending.

By Mark Tarre • 4 min read • This month