Business

AI on the sly: more Aussies are using chatbots for work

9 July

One in three Australian workers are using artificial intelligence to get ahead without telling their employer, and even more say using the technology makes them feel like they are cheating. But their guilty secret is increasing productivity in the...[Read More]

Location set for Australia’s first gas-free steel mill

8 July

Australia’s first new steel mill in three decades will be unlike any before it. Run entirely on electricity, the Greensteel Australia factory to be built in the NSW Hunter region will make steel that’s low emissions and unencumbered by fossil...[Read More]

Strong jobs figures clock on for future rate rise shift

2 July

Stronger-than-expected jobs and spending data has bolstered the case for more rate hikes, but events overseas could stay the Reserve Bank’s hand. An extra 40,300 jobs were added to the economy in May, driving down the unemployment rate to 4.4 per...[Read More]

The AI trap: firms buy too much tech, too little talent

25 June

Australian businesses are spending too much on artificial intelligence and not enough on the humans in charge of it, costing them investment returns, according to one tech giant. Companies are also failing to establish clear rules and goals for the...[Read More]

Labor identifies businesses to be exempt from new tax

25 June

A budget backlash has prompted Labor to announce new carve-outs for innovative firms from the capital gains tax, as well as a backdown on a minimum tax on testamentary trusts. WHAT DID LABOR ANNOUNCE IN THE BUDGET? * The existing 50 per cent...[Read More]

‘Bad to worse’: productivity sinks to post-pandemic low

18 June

Australians are working longer hours but it’s not showing up on the productivity scoreboard as levels tumble to a post-pandemic low. The Productivity Commission’s quarterly bulletin reinforces the scale of the challenge confronting Treasurer Jim...[Read More]

Why women’s burnout is costing Australian workplaces

17 June

After a decade working in high-pressure corporate environments, Louise Siwicki knew something had to give. The writing on the wall came in the form of a warning from her fertility specialist about the impact of stress while trying to become...[Read More]

‘Take a breath’: Google tells Aussies to relax about AI

17 June

Australian workers should “take a breath” and relax about the impact artificial intelligence will have on their careers as the jobs it displaces will ultimately be replaced with others. Google Australia managing director Melanie Silva issued the...[Read More]

Tax changes push biotech and health sectors offside

11 June

Some of Australia’s leading health and life sciences organisations are urging Treasurer Jim Chalmers to review the changes to research and development taxes proposed in his budget. Sector advocates say while they’re concerned over a number of Dr...[Read More]

Businesses MIA on rooftop solar and battery revolution

11 June

Australian households are generating nearly four times as much solar energy as retailers, manufacturers and other non-residential buildings, with most commercial rooftops panel-free. Harvesting the vast, untapped generating and storage potential in...[Read More]

Aussie retailers under pressure from e-commerce giants

10 June

Australians are paying more for online deliveries, and while faster and more convenient, the rise of global e-commerce giants could spell trouble for local retailers. With labour, fuel and maintenance costs continuing to rise, consumers are forking...[Read More]

Minimum wage tops $1000 a week, stoking inflation fears

4 June

Workers on the minimum wage will receive more than $1000 a week for the first time, but businesses and economists warn the pay bump could fuel inflation and more rate rises. Industrial umpire the Fair Work Commission handed a 4.75 per cent pay boost...[Read More]

AI risks deepening divide between investors and workers

4 June

The divide between people who earn income from investments and those who work for a living could be exacerbated by the artificial intelligence revolution, economists at Australia’s largest business lender warn. While the adoption of AI is expected...[Read More]

AI on a budget: Aussie watchdog trails global peers

3 June

Australia’s peak artificial intelligence safety agency will operate on a fraction of the funding provided to similar organisations overseas, a senate committee has heard. But the minister in charge of the newly established body has defended its...[Read More]

Retailers under attack from weak demand, rising costs