Economy stories

NVIDIA has unveiled its inaugural research and development centre in Vietnam, a significant step in enhancing the country's artificial intelligence landscape.

The Canberra Innovation Network has boosted the Australian Capital Territory's economy, adding AUD $196 million to its Gross State Product in 2024.

Accept Cards has launched Accept Cash, an innovative solution for SMEs enabling same-day cash deposits amid rising bank branch closures in the UK.

LG Electronics has achieved record third-quarter revenue of AUD $24.23 billion amidst ongoing global economic challenges.

A study reveals the UK’s STEM workforce is losing GBP £64 billion annually due to limited access to advanced AI tools, impacting productivity significantly.

Quantaco's Hospitality Industry Update reveals a 7% increase in weekly sales in Q1 2025, highlighting resilience amid rising living costs.

The New South Wales Government has initiated a series of market update sessions to enhance exports to ASEAN, projected to be a top global economy by 2040.

Complaints about fraud and scams hit a six-year high, with more than half involving bank transfers, as cybercriminals target mobile devices, says FOS.

Hype and Dexter's tech integration with UNICEF Aotearoa boosts donations despite economic hardships, facilitating crucial aid for Pacific children.

Auckland's tech hiring market sees cautious optimism as Reserve Bank rate cuts uplift sentiment, but slow recovery and 'brain drain' pose challenges.

nib New Zealand reports a NZD $21.2 million operating profit for FY24 and a 3.1% increase in policyholders, navigating economic and healthcare challenges.

As Australia grapples with a cost of living crisis, Convincely CEO Pratik Doshi urges retailers to employ innovative tactics to draw in and retain customers.

The Open Data Institute's recent report exposes weaknesses in the UK’s tech infrastructure, warning that poor data governance in AI could undermine societal benefits and trust.

Industry experts call for the UK government to prioritise AI and process intelligence, highlighting the critical need to eliminate inefficiencies and foster innovation to drive economic growth.

Gold remains a prized commodity due to its role as a store of value, a hedge against inflation, and its appeal during economic uncertainty and market volatility.

CommBank and Telstra team up with COSBOA to launch Cyber Wardens, a free training program aimed at safeguarding Australia’s small businesses from costly cyber threats.

Australian marketers struggle with adapting to new Privacy Act reforms amid a backdrop of high interest rates and evolving economic conditions, as per a recent Arktic Fox report.

New Accenture research suggests responsible AI adoption could boost APAC's economy by $4.5 trillion in 15 years, elevating GDP growth by 0.7 percentage points annually.

Closing the gender pay gap benefits us all: from boosting productivity to fostering fairness. Join the movement towards equality and prosperity.

In response to economic upheavals, 50% of boardroom leaders, particularly in the US and UK, have shrunk tech budgets over the past year.