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Economy
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.....
Biden’s State of Union: Will be first to halve deficit –key takeaways
March 04, 2022 05:26 AM AEDT| By Sanjeeb BaruahHighlights Biden vows to reduce the fiscal deficit to less than half from when he took office by the end of 2022. President Biden acknowledges the pain inflicted by inflation on ordinary people. Democratic senators have largely praised the pre.....
Use of cash by Kiwis is fast declining, RBNZ Survey shows
March 03, 2022 01:49 PM AEDT| By ManikaHighlights Cash use by New Zealanders has declined sharply during the pandemic Only 63% use cash as against 96% in 2019 The number of Kiwis using cash is declining sharply, according to a new survey by the Reserve Bank of New Zealand (RBNZ.....
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Will industry-wide sanctions be able to cripple Russian economy?
March 02, 2022 09:43 PM AEDT| By Sreenivas D AjankarHighlights Lots of sanctions have been imposed on Russia by several countries like the US, European Union, Australia, and the UK. Economic sanctions have become the most preferred tool to overcome geopolitical tensions and hurt the country&rsqu.....
Russia-Ukraine war impact on Asian economies
March 02, 2022 06:59 PM AEDT| By Toshiva JainHighlights The day Russia invaded Ukraine, stock prices in Asian countries experienced a steep fall. Russia is amongst the largest oil and natural gas producer, and the majority of the Asian nations depend upon the country for energy. Apart fr.....
Business confidence slumps on Omicron worries: ANZ Survey
February 28, 2022 02:54 PM AEDT| By ManikaHighlights Business confidence dips to 28 points Reflection of worries related to Omicron impact February is ninth straight month when business confidence was in negative Business confidence slumped in the month of February as Omicron imp.....
NZ to have quick rate hikes, signals RBNZ Governor
February 25, 2022 02:03 PM AEDT| By Team Kalkine MediaHighlights The Central Bank faces a tough choice of tackling inflation amid the pandemic. Some critics say that the Reserve Bank is moving too slow. An ANZ economist says it is a difficult balancing act. New Zealand central bank Governor .....
Average full-time earnings soared in 2021. Are good days back for Aussie job seekers?
February 24, 2022 07:25 PM AEDT| By Akanksha VashishtAustralia seems to be in the middle of a widespread economic resurgence as major economic indicators have been showing considerable improvement in recent months. The economic revival is also evident in the labour market, which is slowly recouping t.....
Can Russia’s attack on Ukraine impact Canada's economy & trade?
February 24, 2022 04:01 AM AEDT| By Kajal JainPeople around the world have woken up to the news of Russian President Vladimir Putin ordering a “full-scale invasion” of Ukraine — a move that could mark the inception of a war in Europe. The so-called "special military op.....
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