Global Financial Crisis


Retail sales fall as global conditions spook consumers

8:36PM | Wednesday, 3 August 2011 |  Retail sales fell unexpectedly in June as consumers remain nervous about the global economy – a sentiment also being felt by the business sector, particularly SMEs.

Government report warns start-ups of skills shortages

8:23PM | Monday, 1 August 2011 |  Australian start-ups will enjoy “green growth” opportunities in the future, but entrepreneurs will have to contend with skills challenges as the economy undergoes major change, a new government report has warned.

An untimely debut

7:49PM | Friday, 29 July 2011 |  Launching a business during a global economic downturn is ill timed, to say the least. For Mozo founder Rohan Gamble, it was very much a case of sink or swim.

Rise in inflation throws rate hike into question

7:59PM | Wednesday, 27 July 2011 |  The consumer price index rose by 0.9% in the June quarter, according to the Australian Bureau of Statistics, throwing into doubt the timing of the next interest rate rise.

Westpac flags interest rate cut but other banks uncertain

7:44PM | Monday, 18 July 2011 |  Westpac is predicting a 1% cut to interest rates, putting it at odds with the other major banks, as low consumer sentiment continues to hurt business confidence.

Small firms missing out on bank loans: Report

7:11PM | Thursday, 14 July 2011 |  A new report reveals that business deposits far outweigh loans to businesses, particularly among small firms facing an ongoing struggle to access finance.

Graduates wary of start-ups despite diminishing job prospects

7:21PM | Wednesday, 6 July 2011 |  Industry experts say students are still wary of starting their own businesses despite new figures that reveal job prospects for university graduates have dwindled during the past two years.

Government program to boost declining number of female exporters

7:38PM | Monday, 4 July 2011 |  The Federal Government is relying on its upcoming Women in Global Business program to boost the number of female Australian exporters, with research revealing that figure is declining.

Carbon tax sees SME support for government hit 15-year low

6:00AM | Thursday, 30 June 2011 |  Survey shows plummeting small business support for the government, with only 14% having a thorough understanding of carbon policy.

Businesses oblivious to consumer sentiment dip: report

6:56PM | Wednesday, 29 June 2011 |  New research reveals one in four Australian consumers are dipping into their savings or going into debt to maintain their lifestyles, but businesses appear unfazed by consumers’ increasingly tight finances.