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Economy
Australia Federal Elections 2022: Will Covid wave see Aussies cast their vote via phone?
March 23, 2022 07:28 PM AEDT| By SukritiHighlights Australia’s 2022 Federal Election is likely to be held in mid-May 2022. Elections approach as the spread of the Omicron BA.2 sub-variant has begun to worry Australia. The ongoing surge of Covid-19 cases could see thousands of .....
Why is stagflation back on investors' minds?
March 21, 2022 06:42 PM AEDT| By Akanksha VashishtHighlights Many investors are again contemplating if global economies will face stagflation. The commodity shock brewing out of the Russia-Ukraine spat has sparked fears of stagflation. The prices of commodities have been impacted by dis.....
P&O Ferries: What’s happening after the firm slashed 800 jobs?
March 20, 2022 01:51 PM AEDT| By Rishika RainaTwo days after announcing a major cutting back of jobs, P&O Ferries resumed its services two days after suspending jobs of its 800 crew members without notice as a cost-cutting exercise. The P&O Ferries is in the news after they ma...
What is Stagflation? How is it different from inflation?
March 20, 2022 01:35 PM AEDT| By Rishika RainaThe term “stagflation” is coming up in a lot of discussions lately as the prices are soaring and the Russia-Ukraine war has worsened the already volatile economic situation in the UK. The fear of stagflation is looming upon Britons as t.....
What is rent control? Can it help tame Australia's housing crisis?
March 18, 2022 08:55 PM AEDT| By Akanksha VashishtHighlights Rent control could offer a solution to longstanding affordability concerns seen across the Australian property sector. Rent control policy has been implemented across multiple countries, including Scotland, South Korea, and Spain. C.....
What to expect from the Australian federal budget 2022?
March 18, 2022 05:00 AM AEDT| By SamtaHighlights Australian federal budget is expected to be announced on 29 March. The FY22 budget will focus on building the economic strength of the country. The federal government focuses on the healthcare sector, supply chain issues.....
NZ returns to growth in December quarter, GDP up 3%
March 17, 2022 05:53 PM AEDT| By ManikaHighlights GDP rises 3% in the December quarter The numbers are below economists’ expectations However, they are above RBNZ’s prediction The Gross Domestic Product (GDP) which is a snapshot of the economy, grew by 3% in .....
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How will a cut in fuel taxes impact Kiwis amid Russia-Ukraine war?
March 14, 2022 07:27 PM AEDT| By SonalHighlights The NZ government will slash fuel taxes by 25 cents per litre from Monday midnight. The Government will also cut public transport fares by 50% from 1 April. Ardern has planned a gradual phase-down of petrol prices in NZ in lin.....
Why Russia-Ukraine war is a threat to global economy?
March 14, 2022 03:47 PM AEDT| By Akanksha VashishtHighlights The escalating geopolitical tensions seem to be risking the global economy’s recovery from the pandemic. The war has highlighted the nations’ increased dependence on exports of food items and raw materials. Many car comp.....
Russia-Ukraine conflict: What are economic costs of a war?
March 12, 2022 01:06 AM AEDT| By Akanksha VashishtAs worrisome events unfurl from the Russia-Ukraine conflict, most individuals are left wondering what the aftermath would bring. The emotional and psychological torment caused by wars is hard to compute and is often neglected by those who are respo.....
US inflation climbs to 7.9%; food, housing become more expensive
March 11, 2022 08:57 AM AEDT| By Sanjeeb BaruahHighlights Excluding energy and food costs, consumer prices rose at an annual rate of 6.4% last month. The Russian invasion of Ukraine has turbocharged the prices of oil, wheat, and precious metals. Fed Chair Jerome Powell said last week that .....
Will NZ economy be insulated from impact of Ukraine war?
March 10, 2022 03:48 PM AEDT| By ManikaHighlights NZ is not a big trading partner with Russia or Ukraine. Its greatest impact will be because of oil price hikes. Commodity price increases may help the Kiwi dollar. New Zealand is a minor trading partner for Russia and Ukraine, .....
How Russia-Ukraine conflict could affect Australian consumers
March 08, 2022 07:50 PM AEDT| By Akanksha VashishtJust as some level of stability was beginning to seep into global economies after the pandemic, nations are once again facing tougher challenges amidst the Russia-Ukraine war. For an average consumer, the events escalating in Ukraine might have mo.....
Commerce Commission’s final report says competition muted in NZ grocery sector
March 08, 2022 01:52 PM AEDT| By ManikaHighlights Competition Commission submits its final report Says Competition is muted in the grocery sector Duopoly holds 80% of the marketshare Competition Commission submitted its final report on supermarkets today. The competition watch.....
New Zealand placed on Russia’s ‘unfriendly’ countries list
March 08, 2022 01:28 PM AEDT| By SonalRussia has approved a list of unfriendly countries and has imposed sanctions against that country as Russia invades Ukraine. The list includes New Zealand, the US, the UK and many other nations, as per a Russian media outlet. Russian citizens, Russi...
NZ Transport services face impact amid Omicron wave
March 07, 2022 01:29 PM AEDT| By SonalSeveral service operators are battling to function amid soaring Omicron infections in the country. Moreover, nearly 90 staff from Metlink, the entity that oversees Wellington’s trains, buses and ferry services, had been down with COVID-19. Onl...
What should you know about warnings of World War 3?
March 06, 2022 03:09 PM AEDT| By Toshiva JainAs the Russia-Ukraine war escalates, tensions arise across the world about whether this can turn into “World War 3”. Russia has been stringently invading Ukraine; despite assertions from the US, the UK the EU, and other nations. So, wou.....
From Brooke Roberts to Tiffany Jeans, 5 NZ women entrepreneurs changing perception
March 05, 2022 06:00 AM AEDT| By ManikaHighlights Kiwiland boasts many successful NZ women business leaders who have defied all the odds to run some of the most famous businesses across the country. Renowned investing platform, Sharesies, and sustainable beauty brand, Ethique, are t.....
Why is Business Council against Morrison govt’s anti-trolling bill?
March 04, 2022 08:41 PM AEDT| By Priyanka PayalHighlights The Morrison Government’s anti-trolling bill, which aims to protect Australians from social media trolling, faces stiff opposition from the Business Council of Australia. The bill negates the decision of the High Court in.....
NZ consumer confidence dips to lowest, will it bounce back soon?
March 04, 2022 01:56 PM AEDT| By ManikaHighlights Consumer confidence lowest ever, says ANZ-Roy Morgan survey Low confidence stems from households facing soaring inflation and high interest rates Kiwis’ confidence in the economy was at an all-time low in February. H.....
