Economy

Morrison government revamped rules lets one take a dip into JobKeepe...

JobKeeper and JobSeeker subsidies by the Australian government came to the rescue of more than 2.2 million people from falling into poverty as million...

Westpac-MI consumer sentiment index rebounds 18% in September

The Westpac-Melbourne Institute Index of Consumer Sentiment soared 18% from 79.5 in August to 93.8 in September. The index is at present just 1.6% bel...

Queensland announces tax relief for SMEs with Australia planning mor...

The Government of Queensland has planned on giving an extra $249 million from the current subsidy in coronavirus related tax relief to small and mediu...

Sneak Peek at What’s Latest in Travel Space!

Unfurling as a major health and financial crisis, COVID-19 crisis initially brought the thriving Australian travel industry to a grinding halt. At the...

How can Australia be impacted by China’s ban on Australia’s biggest...

Australian exporters can strongly feel the heat of the bilateral tensions as China continues to intimidate the trade scenario by levying obstacles and...

Australia in recession for the first time in Three Decades; Are Ther...

Australia has officially entered a financial recession due to the impact of the coronavirus pandemic. The prosperity had lasted for almost 30 years, o...

What next in Property Space: House prices tumbled 0.4 per cent in Au...

Australian property space is currently witnessing an obscured outlook, eclipsed by the COVID-19 induced uncertainty. The headwinds challenging high-pr...

All you need to know about JobKeeper Payment scheme

After the devastating effect that coronavirus had on world economies, governments around the globe needed to find a solution to keep people in jobs. A...

Australian Gross Domestic Product Slides 7%, Recession Bells Ringing...

Australia suffered its worst economic downturn on record last quarter. Latest figures on National Income, Expenditure and Product were released by the...

Second-hand car market rallies as individuals stay away from public...

The COVID-19 induced paradigm shift is evident writ large on the automobile industry, with a significant transition observed in the consumption patter...

Potential Resumption of International Travel in Australia: A Subject...

Disrupting the popular trend of domestic and international travel, COVID-19 pandemic brought an unusual misfortune for the Australian travel industry...

UBS Follows Suit of Other Investment Banks in Downgrading UK’s GDP F...

The data of British GDP published by the Office of National Statistics (ONS) earlier this month officially confirmed that the economy is now in recess...

Are The Prospects Of A No-Deal Brexit Increasing?

Michel Barnier, chief negotiator, European Union (EU) is a strong negotiant and has asked the EU states to be thick-skinned with Britain as the Brexit...

Are negative interest rates being considered for a long haul - ASX 2...

Interest rates are considered as the main lever to adjust monetary policy and maintain balance in the economy. Negative interest rates are an unconven...

Allow Takeaways at alert level 4 - Hospitality businesses, Is it Saf...

Prime Minister Jacinda Ardern earlier announced Auckland returning to Alert Level 3 with rest of the country at Alert Level 2.  The statement ca...

From CERB to EI: Canada Revises Pandemic Income Support Programs

Insurance premiums for workers and businesses kept intact at 2020 levels for next two years. Three more new one-year income support benefits proposed...

Next move on Vaccine: Government's agreement with AstraZeneca cateri...

Recently, Australia undertook strides to secure access to a promising vaccine in a move to diminish coronavirus pandemic and would offer free access t...

Road to Economic Salvation Not Easy For Chrystia Freeland, Canada's...

inancial reporting under the belt. Canadian Prime Minister Justin Trudeau has named deputy PM Chrystia Freeland as the new Finance Minister, afte...

RBA's Projection: What if the Cash Rate stays at 0.25 per cent for 3...

RBA held its cash rate at 0.25% in the latest monetary policy meeting on 4 August, and the move will continue to dampen the effects of coronavirus cri...

China’s CPI numbers and Australian tie-ups

Due to the coronavirus pandemic, countries around the world are experiencing a rise in prices of goods. Apart from the price increase, many territorie...