AI will affect 40% jobs and deepen inequality, warns IMF
The IMF says the impact of AI will be greater for advanced economies, with about 60% of roles affected.
Albanese heightens speculation over Stage 3 tax cut changes
As speculation swells over possible changes to controversial stage three tax cuts, Albanese said average-income earners would be the focus of relief measures.
Five Aussie businesses vie for $40,000 grant as part of inaugural LiftHER APAC cohort
The Lift Women Asia Pacific Grant Pitch Night will be held in Melbourne on Wednesday, March 27, where participants will get an opportunity to win a $40,000 grant, divided into three awards.
Advertised salaries are outpacing inflation as government considers cost of living relief
Advertised salaries for prospective employees have grown above inflation, despite a sluggish end to the year and cost of living pressures.
Startup luminaries sign petition against new sophisticated investor asset limits
Angel investors and startup founders are signing a new petition urging the federal government not to increase the asset limit test for 'sophisticated investors', claiming major changes could limit funding to Australia's most innovative early-stage startups.
“Broken” laws governing financial services set for overhaul
The Australian Law Reform Commission has handed down its final report on laws for corporations and financial services, making 58 recommendations to better improve the legislation.
Will Australian VCs get a slice of the US$400 billion AUKUS pie?
AUKUS could become a gold mine for US venture capitalists — just ask the founders of a new business network set up to take advantage of the deal.
Telco slapped with $260,000 fine over customer ID rules breach
Australians who lost tens of thousands to SIM card fraud now have retribution after their telco was fined over compliance failures that led to the scam.
Ready for 2024? Small business experts predict this year’s storylines
Constrained consumer spending, interest rate anxiety, and sheer exhaustion are likely to weigh on small businesses in 2024, advocates say, as entrepreneurs seek opportunity in what could be another challenging year.
NSW insurance quote website sparks complaint to small business commissioner
An insurance policy comparison tool operated by the NSW government has reportedly underestimated the cost of coverage by 15%, the NSW Small Business Commissioner says, as soaring premiums catch businesses off guard.
Australia’s sustainable finance strategy is here. But it’s only the first step
The Australian government’s Sustainable Finance Strategy has been released by Treasurer Jim Chalmers. Yet more needs to be done if Australia is to achieve the strategy’s stated ambition to be a global sustainability finance leader.
Unemployment remains low despite labour market slowdown
The number of unemployed people to job vacancies rose to 1.5% in November, still well below the pre-COVID figure of 3.1%.
