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Money

Our digital dependence exposed: Ports, phones, banks disrupted

Published

10 months ago

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Australia’s heavy reliance on digital services has been brought into sharp focus following a series of disruptions that hit the country’s key infrastructure over the past week.

From port operations to mobile phone networks and even banking services, Australians have been left grappling with the consequences of these unexpected outages.

The disruptions began when a major port in Sydney experienced a cyberattack, crippling its operations for several days.

This incident not only disrupted the flow of goods but also highlighted the vulnerability of critical infrastructure to cyber threats.

Mobile phone networks were next to face issues, with widespread outages affecting both voice and data services. Many Australians found themselves cut off from communication channels, raising concerns about the nation’s preparedness for emergencies.

In a surprising turn of events, several major banks also reported technical glitches that prevented customers from accessing their accounts or conducting transactions. This raised questions about the robustness of the financial sector’s digital infrastructure.

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China has pledged to “significantly increase” debt to jumpstart its economy

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1 day ago

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October 14, 2024

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Finance Minister Lan Foan announced plans to help local governments tackle debt, support low-income households, and boost the property market.

Investors have been urging such steps as China faces deflationary pressures and a sharp property market downturn.

However, no figure was provided for the stimulus package, leaving markets anxious about the strength and duration of the recovery effort.

Economists warn that this lack of clarity may prolong uncertainty until China’s legislature approves extra debt measures.

Concerns are rising that China may fall short of its 5% growth target, signalling deeper structural challenges ahead.

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Niche accountants proving essential to e-commerce success

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6 days ago

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October 9, 2024

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Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

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Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

Published

6 days ago

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October 9, 2024

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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