American Express has embarked on a bold new strategy which will see acceptance of American Express skyrocket across Australia. Called OptBlue, the new merchant acquiring program will see thousands of small merchants onboarded to the American Express Network through two of Australia’s leading merchant acquirers,
As we stride towards 2024, small businesses across Oz face a dynamic landscape brimming with both challenges and opportunities. Inflationary pressures, evolving consumer trends, and technological advancements make it crucial to adapt and strategise for success. But fret not, intrepid traders! By implementing these five
Research by leading small business lender OnDeck Australia confirms that when it comes to raising capital, Australian businesses do not face a level playing field. OnDeck’s survey of 500 small businesses nationally found just one in four (25.4%) say they have no difficulty accessing capital.
Results released today show that revenue in the Australian video game industry has risen to $345.5 million, an increase of 21% over the past financial year. The results are part of the eighth annual Australian Game Developer Survey (AGDS), released by peak industry body, the
In the world of fame and fortune, some celebrities go beyond the spotlight, strategically building wealth through diverse investments. On average, celebrities invest $38 million per investment venture and a third have invested over $100 million in a single business investment.1 As we wrap up into the final weeks of 2023, FOREX.com set
Significant changes to Australia’s migration system, announced today by the Federal Government, will deliver better long-term outcomes by better targeting key skill shortages, lifting productivity and strengthening the economy, according to the Business Council. BCA Chief Executive Bran Black said the Migration Strategy included many
Seven of 13 industries reported falls in business turnover in October, according to figures released today by the Australian Bureau of Statistics (ABS). Robert Ewing, ABS head of business statistics, said falls were seen across industries that rely heavily on consumer spending. “Arts and recreation
The Allan Labor Government led the nation in making wage theft a crime – and now wage theft will be outlawed in every state and territory following the passage of federal legislation. Victoria is disappointed that the Albanese Government failed to follow through on its
Aussie SMBs facing potential $22 billion shortfall in income due to late payments this Holiday season Australian SMBs are feeling the pressure ahead of the holiday season this year, with a potential $22 Billion in invoices expected to go unpaid by 25 December. The latest
The national accounts released by the Australian Bureau of Statistics show economic growth slid to a measly 0.2% in the last quarter. That’s well down from a low 0.4% in the June quarter. Of course, economic growth is not everything. The national accounts don’t measure, for example,
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