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Import prices hit a five-year high in just three months due to war in the Middle East, the Australian Bureau of Statistics (ABS) says. And the Business Council of Australia and Australian Chamber of Commerce have hit out at a […]
A Canberra target drone maker is ramping up US production 15-fold to meet growing American military and industrial demand. Boresight Ltd (ASX: BST) just signed a new three-year lease on an 812 square-metre factory in Huntsville, Alabama, and is setting
The ACCC has begun monitoring Woolworths and Coles for signs of high grocery pricing as of today (July 1). The Australian Competition and Consumer Commission (ACCC) says a new excessive pricing prohibition has taken effect that applies to very large supermarkets with
NSW businesses need more government relief as a new survey shows confidence is plunging amid plans to freeze or cut jobs. Business NSW says its latest Business Conditions Survey reveals a sharp plunge in confidence statewide, driven by weaker demand,
Companies are using AI to cut jobs without building the capability to use it in the longer term, new national research shows. A report from Humanova shows 70% of Australian office workers use AI weekly but there is a growing
The banking ‘desertification’ in regional and rural areas not only needs to stop but has to be reversed, a business alliance says. The Regional Banking Investment Alliance (RBIA) says the major banks’ desertion of rural services has blown a $1
A growing shortage of construction workers nationwide is likely to double by mid-2027 amid a glut of housing, defence, energy and transport projects. The warning was contained in Infrastructure Australia’s 2025 Market Capacity Report which predicts a current shortfall of
Australian superannuation funds are eyeing French and United Kingdom investments amid continuing geopolitical tensions with the US. A delegation comprising of IFM Investors AustralianSuper, Australian Retirement Trust, Aware Super, CBUS, HESTA, Rest, and Super Members Council is meeting in France
Three federal agencies have sent officers to 18 vineyards across South Australia in surprise visits to check on work law compliance. Officers from the Australian Taxation Office (ATO), Fair Work Ombudsman (FWO) and Australian Border Force (ABF) visited vineyards in
Payday super changes are coming in the new financial year and employers have been reminded to check their compliance. The reminder comes from Chartered Accountants Australia and New Zealand (CA ANZ), which represents more than 140,000 financial professionals. On May
