Business News

Take care when examining the economic impact of fires. GDP doesn't tell the full story

Written by Janine Dixon, Economist at Centre of Policy Studies, Victoria University

It is possible to calculate the impact impact of fires, but not using GDP.Shutterstock/Andrew Brownbilll/AAP

Estimates of the economic damage caused by the bushfires are rolling in, some of them big and some unprecedented, as is the scale of the fires themselves.

These types of estimates will be refined and used to make – or break – the...

Higher than expected inflation report dashes hopes for further RBA rate cuts
Inflation jumped 1.3% in the September quarter, above economists’ and the Reserve Bank’s own expectations. That i…
When you click on an ad in sales season, retailers get to harvest your data
Earlier this year, the consumer watchdog fined three retailers, Michael Hill, MyHouse and Hairhouse Online, almost A$20,000 e…
This was the best way to invest $1,000 … back in 2010
Over the past few years, markets have been on a wild ride. The price of gold has soared to record highs. Bitcoin is trading a…
Were you on Facebook 10 years ago? You may be able to claim part of this $50 million payout
Right now, more than 311,000 Australian Facebook users can apply for a slice of a A$50 million compensation fund from tech gi…
After OpenAI’s new ‘buy it in ChatGPT’ trial, how soon will AI be online shopping for us?
Buying and selling online with e-commerce is old news. We’re entering the age of A-commerce, where artificial intellige…
Sphere set to join Findi Group, accelerating climate action to new markets
Sphere for Good (“Sphere”), a leading innovator in integrating climate and loyalty actions into financial transactions, t…

Traditions of Rural Bali at Villa Sabana
A Privileged Insight into the Traditions of Rural Bali at Villa Sabana Situated in the traditional village of Pererenan near Canggu, Villa Sabana is peacefully secluded in a semi-rural setting where…

Understanding the Importance of Property Valuation Services in Darwin
Introduction Darwin’s property market is known for its unique blend of residential, commercial, and rural investments. With constant changes in market demand, infrastructure development, and lifestyle shifts, understanding the real value…

National accounts show past performance no guarantee of future results
Wednesday’s GDP figures were good. Growth was up 0.9% in the June quarter and 3.4% over the past 12 months.As they say in baseball: “You can’t boo a home run.”…
Unbound announced as a Business of Tomorrow
Unbound, a global education social enterprise, was honoured to be recognised as one of Australia and New Zealand’s ‘Businesses of Tomorrow’ by Westpac on Friday. The prestigious annual list was…
Top 7 Shipping Container Business Ideas
You might be taken aback by the idea, but many small enterprises and start-ups are resorting to shipping containers to hold their commercial operations. They’re becoming such popular solutions for…

Driving smarter: how car subscription models are redefining mobility and financial flexibility

The world of mobility is changing fast, and car ownership is no longer the default. Across Australia, professionals and businesses alike are seeki...

The Future of Wealth Technology

“You shouldn’t need a large account balance to experience real-time investing. Technology should make that kind of access universal.” For decades...

Thryv wins national accolade at 2025 Australian Service Excellence Awards

Thryv® (NASDAQ: THRY), Australia’s provider of the leading small business marketing and sales software platform, announced that Greg Nicolle, G...

pay.com.au unveils first-of-its-kind FX rewards feature, becoming the most flexible rewards solution for Aussie businesses

pay.com.au, the end-to-end payments and rewards platform, today announced the launch of International Payments, Australia’s first foreign exchange...

Yellow Canary partners with Celery to bring pre-payroll assurance technology to Australia

Wage underpayment headlines continue to put pressure on employers of all sizes, revealing how costly payroll mistakes can be for small and medium bu...

Brennan Bolsters Leadership to Accelerate Next Growth Chapter

In a move to further embed cybersecurity at the heart of its business strategy and deliver sovereign secure-by-design solutions for its customers, A...