a person standing in front of a computer: Video editing is one of the top searched services. Image: Getty


Video editing is one of the top searched services. Image: Getty

Freelancing marketplace Fiverr has revealed the top services businesses are searching for in Australia.

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The company’s Small Business Index is based on data from millions of searches, pinpointing which services are most in demand.

In Australia, the fastest-growing searches over the past six months have been for Youtube video editing, which is up 175%, followed by Instagram posts (95%) and Squarespace web design (46%).

It comes as Aussie businesses have been boosting their online presence amid the pandemic so they can reach potential customers. With the popularity of platforms such as YouTube and Instagram, there has been a rise in demand for short and long-form video content as well as static images and animated posts.

“It has always been necessary for small business owners to stay on top of the latest trends to connect with their customers,”

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By Soumyajit Saha



graphical user interface: A board displaying stock prices is seen at the Australian Securities Exchange in Sydney


© Reuters/DAVID GRAY
A board displaying stock prices is seen at the Australian Securities Exchange in Sydney

(Reuters) – Australian shares struggled for direction on Monday as investors stayed away from making big bets ahead of corporate earnings and production results while awaiting further developments on U.S. stimulus talks.

The S&P/ASX 200 index <.axjo> slipped 0.03% to 6,100.2 by 23:45 GMT, after posting its best week in six months last week.

A slew of Australian companies, including global miners BHP Group and Rio Tinto , are scheduled to report their quarterly production figures later this week, while the ‘big four’ banks will provide the first peek into how lenders fared in the July-September quarter later this month.

The Australian parliament on Friday approved A$17.8 billion ($12.87 billion) in personal tax cuts, quickly pushing through measures announced earlier in the week as part of the federal budget to support

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By Byron Kaye



a close up of a fence: FILE PHOTO: The logo of Australia's top casino operator Crown Resorts adorns a fence surrounding the Crown Perth hotel and casino complex in Western Australia


© Reuters/STRINGER
FILE PHOTO: The logo of Australia’s top casino operator Crown Resorts adorns a fence surrounding the Crown Perth hotel and casino complex in Western Australia

SYDNEY (Reuters) – Australian casino billionaire James Packer on Thursday said international tour operators helped Chinese gamblers circumvent Chinese capital controls, and that his company gave incorrect public statements distancing itself from the so-called junkets.

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The Crown Resorts Ltd founder and one-third owner shared his perception of the travel agents who bring gamblers, often from China, to casinos at an Australian government inquiry. The inquiry is being held to determine whether the company should be allowed to run a A$2.2 billion ($1.6 billion) casino in Sydney’s tallest building. So far during the inquiry, taking place just two months before the 75-floor tower’s scheduled opening, Packer has agreed that he sold a stake in Crown to Hong Kong’s Melco

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SYDNEY (Reuters) – Australia’s central bank held its cash rate at a record low on Tuesday but hinted at further monetary easing as it looks to create jobs in the coronavirus-ravaged economy, which is suffering its worst contraction since the Great Depression.

The Reserve Bank of Australia (RBA) kept the rate steady at an all-time low of 0.25%, as widely expected in a Reuters poll. It also affirmed its target for three-year bonds and the recently increased cheap funding program for lenders, but signalled it was considering other measures to boost activity.

“The Board views addressing the high rate of unemployment as an important national priority,” RBA Governor Philip Lowe said in a statement announcing the outcome of the policy meeting.

“The Board continues to consider how additional monetary easing could support jobs as the economy opens up further.”

ANZ Bank said the language suggested an RBA cut was imminent

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By Swati Pandey

SYDNEY, Oct 7 (Reuters)The Australian government will issue bonds worth A$240 billion ($170.4 billion) in the current financial year, surprisingly unchanged from earlier projections despite a massive increase in spending to bolster the coronavirus-ravaged economy.

The Australian Office of Financial Management (AOFM), which manages the government’s debt, said on Wednesday the weekly bond tender would be between A$3 billion and A$4 billion in most weeks for the remainder of the 2020 calendar year, from A$4-A$5 billion now.

The AOFM added that A$117 billion of the A$240 billion expected issuances for the year-ending June 2021 has already been undertaken.

“An unchanged issuance task and no new bonds this calendar year mean a flatter curve and tighter spreads,” said Robert Thompson, Sydney-based rates strategist at RBC.

AOFM’s unchanged issuance target comes despite a larger-than-expected budget deficit estimate for the 2020/21 fiscal year of A$213.7 billion

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CANBERRA, Australia (AP) — The Australian government on Tuesday announced plans to cut income taxes, create jobs for young people and stimulate business investment with a raft of pandemic measures that would create a record 214 billion Australian dollar ($153 billion) deficit in the current fiscal year.

Treasurer Josh Frydenberg announced his annual budget plans for the year that started on July 1, with economic forecasts based on an assumption that a COVID-19 vaccine will be available next year.

But the Treasury Department has warned that economic realities could be “substantially different” from its forecasts without a vaccine.

Net debt will increase to 703 billion Australian dollars ($503 billion), or 36% of gross domestic product, at the end of the current fiscal year and peak at 44% of GDP in mid-2024 when debt will exceed 966 billion Australian dollars ($691 billion).

“This is a heavy burden, but a necessary one

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Given that so much of how the coronavirus pandemic will unfold remains uncertain, budget assumptions are more critical than ever.

The economic statement delivered by the treasurer, Josh Frydenberg, on Tuesday assumes that a lot of things will go right, including that a vaccine will be available next year and that further outbreaks in Australia can be locally contained.

While a big economic rebound is forecast next year, Treasury officials imply this should be taken with a grain of salt, warning of “substantial uncertainty around the global and domestic outlook”.

Here is a rundown of the key numbers, predictions and assumptions from the 2020 federal budget 2020.

The economy

Unsurprisingly, there will be a big hit to the economy this year. What is surprising is the pace of the recovery as assumed by the Treasury.

The budget papers say real GDP is expected to fall by 3.75% in the 2020

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CANBERRA, Australia (AP) — The Australian government Tuesday will reveal a big spending financial blueprint for the next few years that will drive business investment and job creation while repairing pandemic damage to the economy, the treasurer said.

The government is also expected to accrue record debt in the current fiscal year that ends on June 30, 2021, Treasurer Josh Frydenberg told reporters.

“I will lay out our economic recovery plan to rebuild the Australian economy and secure Australia’s future,” he told reporters.

Budget plans usually delivered in May were delayed this year due to the economic uncertainty created by the coronavirus pandemic. The forecasts assume a COVID-19 vaccine will become available next calendar year.

“Our plan will create jobs. Our plan will create opportunity. Our plan will drive investment. Our plan will grow the economy and guarantee the essential services Australians rely on,” Frydenberg said.

The annual budget is

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Video: Federal budget to ‘guide economy through the health crisis’ (Sky News Australia)

Federal budget to ‘guide economy through the health crisis’

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SYDNEY (Reuters) – A measure of Australian business conditions rose in September to levels not seen since the coronavirus pandemic forced a nationwide lockdown, though overall levels were still the below long-run average, survey results showed on Monday.



a group of people walking down the street: Shoppers walk along a street in the central business district of Sydney


© Reuters/DAVID GRAY
Shoppers walk along a street in the central business district of Sydney


National Australia Bank’s index of business conditions rose 6 points to 0 from -6 in August.

The index has come a long way since hitting a trough of -34 in April at the height of the pandemic though it is still nowhere close to the long-run average of +6.

The survey’s measure of business confidence picked up too, but stayed in negative territory, climbing to -4 from -8 in August.

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(Bloomberg) — Australia will provide a wage subsidy to encourage businesses to hire as many as 100,000 new apprentices or trainee workers as part of its budget strategy to create jobs and boost incomes.



a large building: Workers labor at a construction site in Melbourne, Australia, on Tuesday, Sept. 1, 2020. A twin-speed economy is developing in Australia and posing a challenge for the central bank, as Chinese demand for iron ore buoys the resource-rich west while eastern states struggle with Covid-19 outbreaks and border closures.


© Bloomberg
Workers labor at a construction site in Melbourne, Australia, on Tuesday, Sept. 1, 2020. A twin-speed economy is developing in Australia and posing a challenge for the central bank, as Chinese demand for iron ore buoys the resource-rich west while eastern states struggle with Covid-19 outbreaks and border closures.

The A$1.2 billion ($860 million) program, which will pay for half of the apprentice’s wage in the first year, will be available from Oct. 5, Prime Minister Scott Morrison said Sunday in an emailed statement.

“Apprenticeships are an important pathway to get young people into jobs and to ensure there is a skills pipeline to meet the future needs of employers,” Morrison said. “Whether it’s

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