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Australia Federal Election 2022 begins- close contest between Labor and Coalition?
May 21, 2022 11:47 AM AEST| By SukritiHighlights Australia Federal Election 2022 begins as citizens head to polling centers in their state/ territory. The election gets Scott Morrison and Anthony Albanese fight the battle to be Australia’s next prime minister. The charmed nu.....
Discussing five key issues in 2022 Australian federal election
May 20, 2022 02:35 PM AEST| By Akanksha VashishtHighlights Campaigning leaders have made sure they leave no stone unturned in addressing key socioeconomic issues. Some of the key areas being addressed by parties are climate change, housing prices, and corruption. Australians are affected by.....
Australia's unemployment rate at 50-year low, dips below 4%
May 19, 2022 02:42 PM AEST| By Akanksha Vashishttightening. The tightening Australian labour market has found one more reason to rejoice. The latest labour force data by the Australian Bureau of Statistics (ABS) reveals that the unemployment rate has dipped further in April 2022. The unemploy...
Will Morrison's home buying scheme send house prices soaring?
May 19, 2022 11:23 AM AEST| By Akanksha VashishtHighlights PM Morrison’s proposed Super Home Buyer Scheme will allow Australians to utilise their super funds to pay for a house. Experts claim that the scheme would further push up property prices by fuelling the housing market with supe.....
Much-awaited wages data out: What to expect from RBA next month?
May 18, 2022 02:09 PM AEST| By Akanksha VashishtHighlights The latest data from the Australian Bureau of Statistics (ABS) reveals that wages have risen 0.7% in the March 2022 quarter. PM Morrison claims that a decent rise in wages could be harmful to the economy, fuelling speculations of hig.....
How do high interest rates bring down inflation?
May 18, 2022 01:59 PM AEST| By Akanksha VashishtHighlights Inflation eats away at the value of money and reduces the overall economic progress made over time. Interest rates are key economic tools used by central bankers to weaken or, in some cases, accelerate inflation. Central banks aim f.....
RBA minutes: What is central bank’s stance on future interest rate hikes?
May 17, 2022 03:08 PM AEST| By Akanksha VashishtHighlights The RBA has recently released the monetary policy minutes for its May meeting. The central bank raised the cash rate by 25 basis points to 0.35% in the monetary policy meeting. The labour market provides much-required strength to th.....
Why has wage hike become a hot topic ahead of Australian election?
May 17, 2022 01:46 PM AEST| By Akanksha VashishtHighlights Wages are a highly influential aspect during elections, prompting most leaders to advocate for a hike in wages. PM Scott Morrison’s latest statement that a decent wage hike could be harmful to the domestic economy has sparked v.....
How do US inflation figures impact Australians?
May 17, 2022 01:42 PM AEST| By Akanksha VashishtHighlights Australians face threat of rising inflation in the US, much like many economies. US dollar is a threshold currency for many countries, which cements its power in the global economy. Imports from the US would get more expensive, and .....
How deep is Australia's rental crisis? Will it have an impact on elections?
May 17, 2022 12:04 PM AEST| By Akanksha VashishtHighlights With soaring house prices, many homebuyers are not able to finance their ideal house. The ABS data showed that rents across Sydney and Melbourne rose marginally in the March 2022 quarter. Campaigning parties have promised funds to b.....
Why are millions of Aussies voting before election day?
May 16, 2022 04:29 PM AEST| By Manishagovernment. The 2022 federal election is scheduled for Saturday, 21 May 2022. But are you worried about your unavailability to cast your vote on the election day? The Australian Electoral Commission (AEC) has a way out as Australians have an opt...
Unravelling the role of women in making Aussie fashion industry a success
May 15, 2022 12:20 AM AEST| By Manishaal economy. We often discuss how fashion brings about a transformational change in women’s outlook, but what is not talked about is how women are pulling the strings in making the fashion industry successful. Women are at the heart of Aust...
What are the challenges facing Australia’s medical workforce crisis?
May 15, 2022 12:00 AM AEST| By Aditi SarkarHighlights The COVID-19 pandemic has accentuated the Australian healthcare workforce crisis. Go8 has urged that the upcoming government must bolster the medical workforce of Australia Australia requires at least an additional 1,000 domestic gr...
Political unrest in Sri Lanka amid rising economic turmoil
May 14, 2022 12:00 AM AEST| By Toshiva JainHighlights Several economists have said that the main problem behind Sri Lanka’s current situation is economic mismanagement. Hundreds have been injured in protests; few have even died including a ruling party MP. After Mahinda Rajapaksa...
What is in store for Australian housing market in 2022?
May 13, 2022 07:00 PM AEST| By Akanksha VashishtHighlights Australians might be looking at a gradual cooldown of the real estate market, owing to an interest rate hike and a demand slowdown. The threat of rising interest repayments is enough to keep many buyers off the property market. The...
Will petrol prices hit AU$2 a litre again? Why are Aussie petrol prices soaring?
May 11, 2022 04:07 PM AEST| By Akanksha VashishtHighlights A fuel price hike seems to have virtually nullified the excise cut offered by the government, pushing motorists into peril. Many states have observed a larger spike in fuel prices than others due to the varying underlying costs of pr...
Will rising power bills impact Morrison Govt's re-election bid?
May 10, 2022 05:36 PM AEST| By Akanksha VashishtHighlights The present government has seen a bevy of challenges ahead of the election campaign. Concerns loom that rising power bills could potentially affect consumers’ voting decisions. Despite what the political leaders claim, many ex.....
Why Australian bond yields are scaling new heights
May 10, 2022 05:13 PM AEST| By AayushHighlights Yields on the Australian benchmark 10-year bond have risen above 3.5%, as of 10 May 2022. The US Fed has hiked the interest rates by 50 basis points, which spooked the markets across the globe. Based on a few surveys, the cash rate .....
ANZ, NAB and CBA release key economic data; know more
May 10, 2022 02:29 PM AEST| By Akanksha VashishtHighlights The big four banks have released key economic data for April, which was marked with rate hike expectations. The ANZ-Roy Morgan consumer confidence dipped slightly, while NAB monthly business survey showed an optimistic scenario. The.....
How Australian Fashion Trademark will guide growth in national economy
May 10, 2022 12:00 PM AEST| By ManishaHighlights: The Australian Fashion Council has officially rolled out Australian Fashion Trademark. The Australian Fashion™ will give an identity to the innovative work of art from Australia’s fashion & textile industry. Four po.....
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