Australia is a world-beater when it comes to ease of starting a business, trade barriers, and the financial skills of its workforce - but high rents and corporate tax rates as well as abysmal communications and energy prices drag on its global competitiveness, according to a major annual study out today.
Tagged With economy
A new report has highlighted room for improvement in Australian credit ratings agencies, including potential conflicts of interest, overseas staff producing credit ratings, and failures to meet compliance standards.
Berkshire Hathaway CEO Warren Buffett revealed today that the firm had no interest in jumping on the cryptocurrency bandwagon.
“We don’t own any; we’re not short any,” Buffett said in an interview on CNBC. “We’ll never have a position in them... What’s going on definitely will come to a bad ending.”
Politicians are fond of pitching to the “average Australian” but judging by the income of Australians, whether you are middle class depends on where you live. And where we live tells a rich story of who we are as a nation – socially, culturally and economically.
A new poll from Bloomberg suggests that almost half of Americans would have a hard time affording a $100 emergency, like a speeding ticket, medical bill or other unexpected expense. Many Australians are in similar situations as well. Consider the idea that maybe this says less about people's financial habits than it does the garbage economy.
Starting salaries for technology professionals are expected to rise by an average of 2.7% in 2017, according to the latest salary survey by recruiters Robert Half. Cyber-security specialists, software developers and business intelligence professionals will get the highest pay rises in terms of starting salaries. Here's how much the top tech professions are expected to make this year.
On 23 June 2016, the United Kingdom will vote in a referendum on whether or not to withdrawal from the European Union -- a scenario popularly known as the "Brexit". While these happenings are half a world away, the outcome could have political ramifications around the globe -- including Australia. Monash University's Ben Wellings investigates.
If you're looking for work, it pays to know which skills are in demand so you can adjust your resume and pick up additional qualifications as needed. The following report from online recruitment agency Search Party reveals the top ten skills employers are currently looking for in each Australian state and territory.
Online recruitment agency Search Party has released new data that reveals the top ten skills Australian job seekers need in 2016. If its research can be believed, the skills that are in the most demand this year center around core operations and customer engagement, with creativity and leadership taking a back seat.
A leaked confidential paper has revealed the government's plans to deregulate the vocational education and training sector, with TAFEs to receive the same levels of funding as private colleges. According to political economist Shirley Jackson, this would have a serious impact on large sections of the Australian labour market. Here's what she had to say.
Falling oil prices mean cheaper petrol, and that makes most of us pretty happy. The average price for petrol in Australia is now $1.22 per litre, nearly $0.13 less than it was last April. Over time, though, cheap petrol isn't always a good thing. It can have a big impact on the economy, and, in turn, your wallet.