American Express has launched its Shop Small initiative to support Australian small businesses as internal research shows consumer confidence slowly increasing from extremely low levels.
The Recovery Plan is a self-described “beacon of hope for small businesses,” and calls for a number of key changes to improve the legal, regulatory and compliance barriers that a number of small businesses face.
A team of researchers at the University of New South Wales has found a way to convert waste carbon dioxide into useful chemical compounds for industrial products- signalling a potential breakthrough in carbon recycling.
The Buy From the Bush campaign has now helped deliver $5 million in extra revenue to small businesses around Australia, with a recently commissioned report stating that some saw their revenue jump by 300%.
The government has a number of what it calls “shovel ready” projects that are set to receive $1.5 billion in public funds, largely infrastructure projects that can kick-start economic recovery and curb unemployment.
The Australian Securities and Investments Commission (ASIC) has warned that the financial system could struggle to cope when the government winds back its COVID-19 economic stimulus measures.
Zara’s parent company, Inditex, has announced it will be closing up to 1,200 stores as the company pivots toward an online sales platform after witnessing a 44% drop in retail sales.
A report from Ernst & Young (EY) says that a COVID economic recovery led by renewable energy would create three-times more jobs than a recovery led by fossil fuels.
Australia’s economic progress could be undermined by the potential economic damage of a second wave of the coronavirus, with the OECD saying the Australian economy could contract by 6.3%
Cybercriminals have targeted a nuclear missile contractor in the United States with a ransomware attack, with reports of stolen confidential documents now emerging.
The federal government has unveiled a new $25,000 grant to renovate or build new homes in an effort to give the construction industry a much-needed boom.
GDP data from the Bureau of Statistics shows that Australia is set to enter a recession after the economy shrank 0.3% in the March quarter.
While Australia was one of the world’s best responders to the COVID-19 pandemic, it was also the world’s worst offender when it came to panic-buying.
Experts are calling on the government to introduce new environmental standards and embrace sustainable building practices with its construction stimulus plan.
Scammers are targeting the superannuation withdrawal scheme, with hundreds saying they’ve been duped by identity fraud and duplicate myGov accounts.
The Federal Government is expected to make changes to the home buyers’ grant to curb unemployment and kick-start the construction industry’s recovery.
General Electric has announced it will sell its lighting division to Savant Systems, 129-years after Thomas Edison first started it.
The chair of the Reserve Bank, Phillip Lowe has said increased government spending, as well as a possible extension of the JobKeeper stimulus package, are