{"id":9518,"date":"2024-04-09T10:10:19","date_gmt":"2024-04-09T00:10:19","guid":{"rendered":"https:\/\/emb.net.au\/?p=9518"},"modified":"2024-04-09T11:16:02","modified_gmt":"2024-04-09T01:16:02","slug":"business-update-10-april-2024","status":"publish","type":"post","link":"https:\/\/emb.net.au\/business-update-10-april-2024\/","title":{"rendered":"Business Update \u2013 10 April 2024"},"content":{"rendered":"

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.<\/p>\n

Startling images reveal the truth about who owns most major brands found in the big two supermarkets<\/h3>\n
\n

A compelling illustration<\/a> by a graphic design enthusiast has revealed the sheer concentration of ownership of popular brands found in Australian supermarkets. Strolling through the aisles of a Woolworths or Coles, shoppers might take in the hundreds of individual products on offer and assume there\u2019s a healthy level of competition at play. But analysis of exactly who owns the food for sale shows several major corporations dominate, each owning the vast majority of brands in key categories.<\/p>\n<\/div>\n

The superannuation rules setting up a \u2018major generational clash\u2019<\/h3>\n

Preventing Millennials and Gen Zs from using superannuation to buy a home while self-managed super funds are allowed to invest in residential property sets Australia up for a \u201cmajor generational clash\u201d<\/a> over housing.<\/p>\n

Australian small businesses trail rest of APAC<\/h3>\n

A recent survey from CPA Australia placed Australian small businesses last or near last on nearly all vital indicators<\/a>. Inadequate use of technology and a lack of young entrepreneurs continue to undermine Australia\u2019s small business market, said CPA Australia.<\/p>\n

Google and AAP launch new fact-checking partnership to tackle \u2018misinformation\u2019<\/h3>\n

Global tech giant Google and the Australian Associated Press (AAP) have launched a partnership to expand fact checks for \u201cmis and disinformation\u201d<\/a> in Australia and New Zealand.<\/p>\n

Delivering data on business events<\/h3>\n

Business events, such as conferences, expos, and trade fairs, play an important role in Australia, with new data showing it contributed $20.9 billion to Australia’s economy in 2023. This included spending of $10.4 billion on food, drink, and accommodation, $4.4 billion on domestic airfares, and $1.1 billion on tours and entertainment. An interactive, publicly accessible dashboard, created by Tourism Research Australia (TRA), provides official statistics<\/a> on business events and related travel expenditure.<\/p>\n

Australia\u2019s fossil fuel giants set to take multibillion-dollar hit<\/h3>\n

Australia\u2019s gas and coal exporters are headed for a multibillion-dollar revenue collapse<\/a> over the next five years as new forecasts by the federal government suggest fossil fuel prices will keep tumbling from the unprecedented highs reached after Russia\u2019s invasion of Ukraine.<\/p>\n

Insolvency Tsunami\u2019 of small businesses could be coming as ATO aggressively chases debt<\/h3>\n

Australian small businesses are becoming insolvent at a rate faster than what was seen during the global financial crisis, as the Australian Tax Office (ATO) aggressively pursues billions of dollars of debt. Calls to the Small Business Helpline surged 82 percent compared with last year, as the ATO takes an aggressive approach to debt collection<\/a>.<\/p>\n

Initial access brokers are the latest cybercriminals targeting Australians. Here’s how they work<\/h3>\n

In some ways, the newest cybercriminals attacking Australia are a lot like real estate agents. It’s all about location, location, location. Marketing is key, of course, and so is plenty of stock. Known as initial access brokers<\/a>, this emerging class of hackers use their specialist skills to break into businesses and then sell usernames and passwords \u2014 the keys, so to speak \u2014 to ransomware gangs on the dark web.<\/p>\n

Get in touch<\/h3>\n

Contact us if you have any questions or want to discuss the next steps for your business.<\/p>\n

Contact us<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Startling images reveal the truth about who owns most major brands found in the big two supermarkets A compelling illustration by a graphic design enthusiast has revealed the sheer concentration of ownership of popular … Continued<\/a><\/p>\n","protected":false},"author":2,"featured_media":7253,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[105],"tags":[],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"\nBusiness Update \u2013 10 April 2024 - EMB Business Solutions Pty Ltd<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emb.net.au\/business-update-10-april-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business Update \u2013 10 April 2024 - EMB Business Solutions Pty Ltd\" \/>\n<meta property=\"og:description\" content=\"Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. 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