From gtlaw.com.au: Australia faces challenges with AI knowledge and training while employer adoption boosts workplace efficiency.
Generative AI has a modest but significant economic impact, potentially increasing GDP and productivity through task automation.… read more
From smallcaps.com.au: China has announced a new stimulus package, including interest rate cuts and liquidity injections, to support its struggling economy ahead of trade talks with the U.S.… read more
From www.aicd.com.au: Australia’s underlying inflation rate fell to 2.9% in the March quarter of 2025, marking the first sub-three percent result since late 2021, while headline inflation remained steady at 2.4%.… read more
From kpmg.com: KPMG’s survey before the 2025 Federal Budget reveals mid-market business leaders are experiencing cautious optimism, with 40% expecting minimal growth and 21% predicting up to 10% growth, while facing challenges such as cost pressures (65%), regulatory hurdles (29%), and talent acquisition concerns (27%).… read more
From bdo.com.au: The Reserve Bank of Australia is expected to cut the cash rate by 25 basis points in May due to a drop in underlying inflation and slower economic growth.… read more
From www.themandarin.com.au: Treasurer Jim Chalmers announced that the Albanese government plans to achieve around $6.4 billion in budget savings by reducing non-wage expenses, including commercial property leases, due to the commitment to flexible work arrangements.… read more
From www.journalofaccountancy.com: (US context) A recent AICPA survey revealed that over 70% of Americans feel cautious or uncertain about their financial situation, prompting the organization to offer advice during National Financial Literacy Month.… read more
From au.andersen.com: US tariff policy has evolved unpredictably, impacting global business planning and supply chains.
Companies should adapt by mapping tariff exposure, exploring alternative sourcing, and staying informed to navigate this uncertain environment effectively.… read more
From morningstar.com.au: Morningstar.com.au provides an overview of ASX-listed LICs’ performance for March 2025, highlighting trading status relative to net tangible assets.
The report, available in Excel format, offers insights into market trends and investment decisions.… read more
From financialnewswire.com.au: Australian fund managers are anticipated to face a gradual medium-term earnings decline due to uncertainties from the US Trump tariff regime, with volatility likely suppressing investment flows.… read more
From financialnewswire.com.au: Fitch Ratings has downgraded its global growth forecast, predicting world growth will dip below 2% this year, marking the weakest pace since 2009, largely due to escalating trade tensions between the US and China.… read more
From michaelwest.com.au: Labor has committed to enshrining penalty rates in law to protect workers during the upcoming election campaign.
This move comes amidst concerns over cost-of-living and polling indicating that a majority of voters view the protection of penalty rates as important.… read more
From www.icaew.com: Green budgeting integrates climate and environmental considerations into government budget frameworks to promote sustainability and align public finance with environmental goals.
Countries like Denmark, France, and Norway have begun using environmental impact assessments as prerequisites for budget proposals, highlighting the importance of transparency in public spending.… read more
From alvarezandmarsal.com: Asian funds and investors are navigating global economic changes and tax challenges by adopting innovative strategies and proactive planning.
Key tools include tax insurance, smaller funds with simpler structures, and customized investment solutions to address valuation pressures and liquidity needs.… read more