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Employers’ wages bill tops $104 billion in March

Total wages and salaries paid by employers increased by almost six percent in March, compared to the same time last year. Australian Bureau of Statistics (ABS) Head of

RBA cuts interest rate by 0.25 percent

The Reserve Bank of Australia lowered the cash rate by 25 basis points to 3.85 percent at its meeting today. It its monetary statement it said inflation had fallen

Responsible AI can deliver 15 percent boost to global GDP

While many Australian businesses are just coming to terms with Industry 4.0, or the Information Age, they are now being urged to embrace the next iteration of Industrial

More Aussies tipped to take the cash if rates fall

As the Reserve Bank of Australia (RBA) contemplates another interest rate cut tomorrow, new data has revealed very few Australians have used previous cuts to access

Home loan numbers drop by more than 3 percent

The number of new investment loans fell by 3.7 percent in the March quarter, while new home loans fell by 3.4 percent, according to the latest Australian Bureau of

Australian drop in household income worst in OECD

Australia recorded the largest drop in household income of any OCED country last year. The latest figures from the Organisation for Economic Co-operation and Development

‘Finfluencers’ the new sharks at tax time

The rise of ‘finfluencers’ has promoted a warning from Australia’s accountants as tax time looms. CPA Australia is urging tax payers to beware of online financial

Business turnover figures maintain momentum

Business turnover continued its upward trend in March, according to the latest Australian Bureau of Statistics (ABS) data. ABS Head of Business Statistics Robert Ewing

Fake products close in on $750 billion in sales

The global trade in fake good is approaching $750 billion each year, with a new OECD report providing fresh insights into the illegal activity. OECD Secretary-General

Living cost increases hit every household type

All Australian households experienced increases in the cost of living last quarter, with welfare recipients the hardest hit. The latest Australian Bureau of Statistics

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