Australian economy stories - Page 6

ARM Hub and ICN have partnered to boost Australian SMEs by combining advanced manufacturing tech with access to AUD $400bn in major project opportunities.

AI could boost Australia's economy by up to AUD $142 billion annually by 2030, driving productivity, wage growth, and small business benefits, a new report finds.

Despite 74% of Australian SMBs recognising branded merchandise boosts credibility, 55% still do not use it to enhance their business image.

Tasmania's tech workforce is set to nearly triple to over 32,000 by 2035, driven by a surge in digital skills and AUD $1.1 billion sector growth.

KPay has launched in Sydney, aiming to enhance payments and operations for Australian SMEs with a USD $55 million fundraise backing its expansion.

Research shows 79% of Australian small businesses linking milestone celebrations with better performance, yet only 21% take time to mark achievements.

Smarter digital rostering in manufacturing and logistics is easing skills shortages by boosting worker flexibility, morale and retention amid tight labour markets.

Open Banking in Australia could boost the economy by AUD $10 billion annually as consumer data sharing and digital services usage rapidly grow.

PayPal Australia has loaned over AUD $1.5 billion to 13,000+ SMBs via its flexible Working Capital programme, offering swift funding without collateral.

South Australia's tech workforce is set to nearly double by 2035, boosting the economy by AUD $5 billion and creating 49,000 new skilled jobs.

Australian small businesses lose over 22 hours weekly managing complex payment systems, risking cash flow, customer loss, and security concerns, says new report.

AI-driven software innovation could add AUD $6 billion annually to Australia's economy, boosting productivity and revenue amid governance and skills challenges.

Victoria's tech sector adds $36 billion and employs over 300,400, with workforce expected to exceed 700,000 by 2035 amid strong upskilling efforts.

Australia Post and Shopify have teamed up to simplify shipping, benefiting thousands of businesses amid Australia's booming AUD $19.2bn online market.

Australian SMEs show steady performance in Q2 2025, with agriculture leading growth despite challenges like US tariffs and reduced workforce.

Dynamoney appoints Brett Thomas as CEO to lead growth, capitalising on surge in SME lending and targeting expansion of flexible finance solutions across Australia.

Most Australian SMEs adopt AI tools without strategies, risking missed growth opportunities despite urgent investments and competitive pressures.

Australia's productivity lags despite longer work hours; adopting agentic AI could boost the economy by over AUD $116 billion in the next decade.

Nearly half of Australian Baby Boomer SME owners plan to retire soon, yet only 24% have prepared succession plans to secure their businesses' futures.

The RBA's rate cut brings cautious optimism as Australians boost spending on essentials like groceries and pharmacy amid economic uncertainty.