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The Latest Breaking News from ACCI

Afghanistan seeks deeper trade ties with India, pitches for easier business access

Afghanistan's trade body seeks enhanced economic ties with India. They requested easier business procedures and faster visa issuance. This comes as Afghanistan diversifies trade routes away from Pakistan. India is strengthening connectivity through Iran's Chabahar port. Both nations aim for sustainable cooperation and strengthened relations.

The Economic Times

Election diary: Dutton tries to shake off Trump dust and avoid being trapped on wages

Ahead of Donald Trump’s tariff announcement early Thursday (Australian time), the United States president has become a serious and increasing worry for Peter Dutton’s campaign. Even apart from Labor’s obvious and constant “Trump-whistling”, many voters are apparently seeing a lot of Trump dust on the opposition leader.

The Conversation

Top 10 Fun Facts About Des Moines, Iowa

Des Moines, is an Iowa city that will hold you spellbound with its history and a surprising number of "Wait, what?" moments. From popular facts like Des Moines having the most extensive skywalk systems in the country to local staple news that the city lays claim to the first U.S.…

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'Incredible attrition': dire warning for small business

Small business owners are suffering from higher levels of depression and anxiety as high costs and regulatory roadblocks spark warnings of a mass exodus.

AAP

Business wants pay rises for Australia’s lowest paid workers limited to 2% – but what about executives?

Average pay of top bosses has increased from 17 times average earnings in early 90s to about 55 times now. What about those on minimum wage?

The Guardian - AU

The push against wage rises has begun again – it’s an argument for Australia’s poorest workers to become poorer

A 5% rise in award and minimum wages is pretty modest and won’t set fire to inflation or cause interest rates to stay high

The Guardian - AU

David Pocock joins Greens in push to criminalise non-payment of super

Government’s closing loopholes bill yet to include superannuation theft, estimated to cost workers $5bn a year

The Guardian - AU

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Politics with Michelle Grattan: ACCI Head Andrew McKellar on industrial relations and boosting Australia's productivity

Australia’s inflation moderated somewhat this week. But in economic terms, there will be more tough months ahead for households and for businesses.

The Conversation

2023’s big battle: Inflation v Australia’s working poor

inflation and rising interest rates make Fair Work Commission's annual wage review a crucial decision as families face hip-pocket pain

The New Daily

Federal government backs wage increase for lowest-paid workers in line with inflation

The federal government has backed a wage rise for the nation's lowest paid workers in line with inflation, arguing they should not see their real wages go backwards.

ABC News

Australian employers say ‘excessive’ minimum wage rise in line with inflation could lead to recession

Claim comes as Albanese government argues Fair Work Commission should ‘ensure the real wages of Australia’s low-paid workers do not go backwards’

The Guardian - AU

Business warns of 'excessive' spending

A key business group wants the higher corporate tax bracket abolished and more disciplined spending to improve the federal budget bottom line.

AAP

Anthony Albanese extends olive branch to business groups staunchly opposed to workplace law changes

Anthony Albanese tells business leaders he does not want disagreement over controversial industrial-relations changes to define the relationship between his government and the business community.

ABC News

Minimum wage rise a fair boost for those who need it the most

While the percentage has been criticised by employers, the quantum is quite small. It is just one dollar an hour more or an extra $40 a week.

The Canberra Times

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ABC News

National minimum wage to rise in July, but inflation rate leads to cut in real wages for workers on awards

The national minimum wage will be increased by 5.2 per cent, while those on award rates will see a 4.6 per cent rise. But because inflation is at 5.1 per cent, the wage hike means less to some workers.

AAP

Union attacks wage delay proposition

Unions have criticised the push by business groups for a delay in any minimum wage rise, due to uncertain economic conditions and increasing costs.

ABC News

Wage debates and inflation are just the tip of what business want the new government to tackle

Businesses are battling rising costs, while their customers' purse strings are tightening. Tackling this situation will be the new government's great task, and there's only so much it can do to control some broad economic pressures.

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