News

Payment terms soar to seven year high

Businesses, across all industries, are making payments at least four weeks past the standard term. Private companies are averaging 60.9 days to settle accounts, and...

Is Don is gone: over 600 jobs cut

Following in the wake of Starbucks job losses, meat-processing company Don KRC is set to make 640 staff redundant by January. The smallgoods manufacturer...

WTO trade talks fail in Geneva

Trade talks at the World Trade Organization (WTO) have failed due to disagreements between the USA, China and India over farm import rules. The multilateral...

Starbucks store closures

Sixty-one of the 84 Starbucks locations in Australia will be closed by August 3, due to underperformance. The closures are part of the new...

BlackBerry Bold’s Australian debut

Sleek and stylish, the BlackBerry Bold has made its way to Australian shores. Building on the previous BlackBerry platform, the BlackBerry Bold also supports tri-band...

High petrol prices are changing business processes

While news of potential reductions to petrol prices is being welcomed by all, businesses are still changing the way they do business to subsidise...

Australians in debt

One third of Australians expect higher debt levels in the coming months, and as a result, are turning to credit. “Over the last four quarters...

Truck strike to shut down transport network

A two-week truck driver strike, beginning this morning, will virtually shut down Australia’s transport industry in a matter of days, says organiser Mick Pattell,...

TiVo comes to Australia

Finally, after being available in the US for almost a decade, TiVo is coming to Australia and will go on sale on July 29. Interestingly,...

Higher costs are Labor’s fault

Labor should take responsibility for inflation says Deputy Opposition leader Julie Bishop, who believes the Federal Government has blamed the former Howard government long...

Rising fees an additional burden

Fees and other bank charges have added to the rising cost of living to become another burden on businesses and consumers. Among the increases...

Trial Apple MobileMe for free

Apple’s MobileMe application is now available, so you can keep your iPhone, iPod touch, Mac, and PC up-to-date and in sync. The application stores emails,...

Inflation rises despite consumer spending fall

June quarter results are expected to show a consumer price index rise of about one percent, bringing the yearly rate to 4.3 percent: significantly...

Consumer confidence falls as petrol prices rise

Rising petrol prices have seen consumer sentiment hit a 16 year low. Consumer sentiment, in July, is at 79 points; a drop of 6.7...

Mobile, professional and high class

Walk confidently into the room; plug your USB key into your mobile professional projector and your presentation lights up for your waiting audience. Whether it’s...

Australian employees fear job loss

Almost 50 percent of employees are afraid of losing their jobs, as a result of building recessions concerns, found a Talent2 survey. “Over half of...

Carbon scheme endorsed: SMEs must prepare

BP chief economist Christof Ruehl has endorsed the Federal Government’s support for a carbon emissions trading scheme over a carbon tax. Having examined data...

Activity statements and super contributions due

The Australian Tax Office (ATO) has issued a reminder to businesses that June quarterly statements and super contributions are due by July 28. The easiest...

Carbon plan will drive up inflation

The Federal Government admits their Carbon Pollution Reduction Scheme, which includes a target of a 60 percent reduction in current carbon emissions by 2050,...

Aussies and Kiwis more likely to shop online

When it comes to shopping online, Australian and New Zealand consumers are twice as likely to proceed to checkout, in comparison to their international...