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Australia

Australian economy Stories

Australian Stories

Australian economy stories

Australian SMEs stay on target as confidence weakens
Digital Transformation

Australian SMEs stay on target as confidence weakens

Despite softer confidence, most Australian SMEs still expect to meet targets, with price rises and technology investment helping offset cost pressure.

By Karen Joy Bacudo • 5 min read • 2 days ago
Australian employers lose work amid staffing shortages
Digital Transformation

Australian employers lose work amid staffing shortages

More than a third of Australian employers have lost customers or cut service quality as hiring gaps force them to turn work away.

By Sean Mitchell • 5 min read • 4 days ago
Revolut Bank Australia launches 5.50% savings rate
Fintech

Revolut Bank Australia launches 5.50% savings rate

New customers can earn an introductory 5.50% savings rate for three months on balances up to AUD $100,000 without deposit or card-spend conditions.

By Sean Mitchell • 4 min read • Last week
Australia could cut AI emissions with data centres
Manufacturing

Australia could cut AI emissions with data centres

A shift to renewable-powered computing could save millions of tonnes of carbon and unlock billions of dollars in investment, new research says.

By Sean Mitchell • 5 min read • Last week
Australian spending rise bolsters case for RBA hike
Artificial Intelligence

Australian spending rise bolsters case for RBA hike

Higher household spending and stubborn inflation have strengthened the case for the Reserve Bank of Australia to lift rates again in September.

By Mark Tarre • 4 min read • Last week
RBA faces September rate hike after inflation spikes
Artificial Intelligence

RBA faces September rate hike after inflation spikes

Higher borrowing costs loom for Australian households after July's trimmed mean inflation reading came in well above the Reserve Bank's target path.

By Karen Joy Bacudo • 4 min read • Last week
Australian retailers absorb rising costs, Lightspeed says
Digital Transformation

Australian retailers absorb rising costs, Lightspeed says

More than six in 10 Australian retailers are covering at least half their higher costs themselves, squeezing margins as shoppers stay price-sensitive.

By Mark Tarre • 4 min read • Last week
Australia jobless rise does not signal labour weakening
Artificial Intelligence

Australia jobless rise does not signal labour weakening

The slight lift to 4.5% in July was mostly rounding, with labour demand still holding up enough to avoid signalling a broad slowdown.

By Karen Joy Bacudo • 4 min read • Last month
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 month
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 month
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 month
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 month

Global Stories

Australian economy stories

Australian firms lose work amid skilled staff shortages
Data Analytics

Australian firms lose work amid skilled staff shortages

Australian employers are losing customers and delaying contracts as skilled vacancies linger for weeks, a survey of 214 firms found.

By Sean Mitchell • 5 min read • 3 days ago
Temu report says more sellers use marketplace in Australia
Digital Transformation

Temu report says more sellers use marketplace in Australia

Small Australian businesses are adding marketplaces to their sales mix as online spending climbs and Temu seeks a bigger local foothold.

By Sean Mitchell • 4 min read • 3 days ago
Australia could become Asia-Pacific AI infrastructure hub
Smart Cities

Australia could become Asia-Pacific AI infrastructure hub

Grid constraints could determine whether Australia wins a share of the region's fast-growing AI data centre investment, the paper says.

By Sofiah Nichole Salivio • 5 min read • Last week
Blackbird raises AUD $1.05 billion for record venture fund
Software-as-a-Service

Blackbird raises AUD $1.05 billion for record venture fund

Global institutions are betting more heavily on Australasian tech, as Blackbird's new fund lifts the region's venture capital pool to record levels.

By Karen Joy Bacudo • 5 min read • Last week
The energy advantage: The next growth opportunity for Australia and New Zealand
Data Analytics

The energy advantage: The next growth opportunity for Australia and New Zealand

Nearly 40% of firms have delayed growth plans as volatile power costs and supply fears squeeze investment across Australia and New Zealand.

By Colette Munro • 4 min read • Last month
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 • Last month