Australian economy stories - Page 1

With crime costing Australia up to AUD $60.1 billion a year, robust PEP and sanctions screening is now a strategic necessity for business.

In 2026, agile AI, sovereign data, subscriptions and energy efficiency will redefine how ANZ businesses grow, compete and stay resilient.

OpenAI launches its first Asia Pacific OpenAI for Countries plan in Australia, pairing sovereign AI infrastructure with major skills drives.

One in five Australians has been duped by fake online tickets, losing an average AUD $432 as scams surge ahead of the busy summer events season.

Australian SMEs step up a campaign against the RBA’s proposed blanket ban on card surcharges, warning it will lift prices for all shoppers.

Cloudera forecasts Australia’s AI shift from pilots to industrial-scale, privacy-first deployments by 2026 as tech spend tops AUD $172 billion.

Ransomware attacks cost Australian organisations AUD $42 billion annually, urging a shift from prevention to pragmatic cyber resilience amid rising threats.

Australia's SME sector posts strongest half-year growth since 2023, driven by digital adoption and productivity, nearing pre-pandemic output levels.

Adactin launches AI Innovation Studio to help Australian organisations trial GenAI solutions using AWS tools, focusing on practical adoption and custom roadmaps.

Australian businesses could unlock a USD $60bn productivity gain by saving 8%-10% on external supplier spend without job or performance cuts.

Australia could boost its economy by AUD $235 billion in a decade through AI investment, with small businesses driving over half of this growth, research shows.

Australian SME loan applications rose 14% in Q3, driven by larger firms, amid cautious borrowing and ongoing concerns over loan serviceability.

Ingram Micro Australia has opened a new headquarters at 40 Mount Street, North Sydney, uniting teams in a hybrid-ready hub to better serve customers nationwide.

Firmus has raised AUD $500 million to expand its AI infrastructure Project Southgate across Australia, boosting local manufacturing and jobs.

Australian firms lose 1.3 workdays monthly per employee to tech issues, causing revenue losses and higher staff turnover, says new industry research.

Queensland's tech workforce is set to double by 2035, adding 200,000 jobs and boosting its AUD $15 billion contribution to the economy.

Intuit QuickBooks has launched AI agents in Australia to automate key SME workflows, boosting efficiency and reducing time spent on bookkeeping and compliance.

Five key ICT trends for 2026-agentic AI, cybersecurity, edge computing, connectivity, and sustainability-will shape how businesses thrive amid uncertainty.

Supply Nation’s 2025 Festive Season Catalogue spotlights women-led Indigenous businesses offering unique gifts across food, fashion, art and wellness in Australia.

Australia refuses to add a Text and Data Mining exception to copyright law, safeguarding creators’ rights amid AI technology growth and tech industry lobbying.