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Economy
How can CO2 supply deal benefit UK businesses?
October 12, 2021 07:55 PM AEDT| By Suhita PoddarHighlights The Carbon dioxide industry and the UK government struck a supply deal on Monday to ensure uninterrupted CO2 supply. Businesses can now get CO2 supply at a fixed price until at least January next year. US-owned CF Fertilisers, which.....
UK energy crisis: Pure Plant, other firms going bust
October 12, 2021 06:36 PM AEDT| By Rishika RainaHighlights BP-backed energy supplier Pure Planet may join the list of energy companies going bust. Energy regulator Ofgem is responsible for selecting the new suppliers for customers of the collapsing energy firms. Around 10 energy firms have .....
Know about Australia’s new low-cost airline set for early 2022 launch
October 12, 2021 09:49 AM AEDT| By AshishAustralia is preparing to launch its new low-cost domestic airline, Bonza, in early 2022 amid expectations of a boom in the air travel sector in a post-COVID-19 pandemic world. Backed by Miami-based private investment firm 777 Partners, Bonza is pr.....
Is there a massive global energy crisis in the offing?
October 11, 2021 08:14 PM AEDT| By Priya BhandariHighlights The sudden surge in the energy demand after lows hit during the pandemic has increased the prices of oil, gas, and coal all over the world. The ongoing supply restrictions from OPEC countries and global transport bottlenecks have com.....
How fraud affects you financially
October 10, 2021 01:00 PM AEDT| By Priya BhandariHighlights In H1 2021, scammers stole around £753.9 million (US $1.03 billion), up by 30% as compared with H1 2020. For the first time, the losses in authorised push payment (APP) fraud stood at £355.3 million. According to survey,.....
Where does UK get its gas supply from?
October 10, 2021 12:25 AM AEDT| By Priya BhandariHighlights On Wednesday, wholesale gas prices surged by 37% to a record high, although they dropped back after Russian President Vladimir Putin entered to clam the market. 40% of the UK’s gas is supplied from fields in Irish Sea and the N.....
Japan set for polls; will it affect Japan-Australia relations?
October 10, 2021 12:22 AM AEDT| By ManishaJapan elected 64-year-old Fumio Kishida as its new prime minister through a parliamentary vote on 4 October 2021. The leader of the ruling Liberal Democratic Party (LDP) and former foreign minister will now be serving as the 100th prime minister of.....
How are businesses handling UK’s rising cost pressures?
October 08, 2021 05:25 PM AEDT| By Suhita PoddarThe UK’s government statistics body, the Office for National Statistics (ONS), has released a business survey result, according to which more and more British companies are increasingly passing on the rise in costs to their customers. About .....
NSW premier remodels reopening plan; sharpens focus on economic recovery
October 08, 2021 12:45 PM AEDT| By ManishaDominic Perrottet, the newly elected premier of New South Wales, has committed to keeping people safe while opening up the economy, and securing recovery. The state government has decided to unlock the state on 11 October 2021, after having achiev.....
Dilemma of UK shoppers: Time to Shop or time to stop?
October 08, 2021 01:41 AM AEDT| By Manu ShankarThe UK shoppers are hitting the shops once again and this was reflected from a recent report by the Office for National Statistics. Britons are venturing out after most restrictions were lifted and spendings have increased compared to last week, th.....
TWITCH Streamers Hack Leaves Everyone Clueless
October 08, 2021 01:29 AM AEDT| By Manu ShankarTWITCH experienced a massive data breach on Wednesday, which exposed the sensitive source code and details on payments to content creators on Twitch. The hacker posted a link with 125 gigabytes of data to 4Chan, the internet messaging board support.....
Has Brexit affected UK’s passport power?
October 07, 2021 07:17 PM AEDT| By Priya BhandariHighlights Japan and Singapore topped the list of Henley Passport Index that uses data from the international Air Travel Association. The UK secured seventh place with Greece, Malta, the US, and Norway with ability to visit 185 countries. In 2.....
Biometric passport: UK passengers stuck at airport for hours
October 07, 2021 01:27 AM AEDT| By Manu ShankarUK airline passengers reported delays of up to four hours across prominent UK airports following biometric passport gates failure. Travellers in most UK airports, such as Heathrow, Gatwick and Edinburgh, had to wait in long queues for hours at the .....
RBNZ hikes OCR by 0.50%, thereby decreasing monetary stimulus
October 06, 2021 08:15 PM AEDT| By Jasmine AnandHighlights New Zealand’s Central Bank has of late declared raising the OCR by 0.25 bps. The decision was taken to decrease the monetary stimulus pumped into the economy, as the NZ economy is on track to recovery. Many economists were exp.....
Australia’s August trade surplus rises to record high, what was the major driver?
October 06, 2021 01:49 PM AEDT| By AshishHighlights Australia’s trade surplus rose to a record level in August, clearly beating market forecasts. According to Australian Bureau of Statistics (ABS) data, the merchandise trade surplus swelled to AU$15.1 billion (US$11 billion) in .....
Why APRA introduced home loan curbs, raised interest rate benchmark
October 06, 2021 09:52 AM AEDT| By AshishIn a much-anticipated move, the Australian Prudential Regulation Authority on Wednesday raised the minimum interest rate buffer it expects banks to use while evaluating the serviceability of home loan applications to check surging risks in home len.....
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UK services sector hit by inflationary pressures as new orders decline
October 05, 2021 11:51 PM AEDT| By AbhijeetThe services sector of the United Kingdom continued to face the ongoing business challenges as the enterprises passed on the sharp increases in the cost of fuel, energy bills and maintenance of adequate staff to the consumers, as per the survey con.....
How COVID-19 is fast driving Australia towards a cashless society
October 05, 2021 03:34 PM AEDT| By AshishHighlights Australia is expected to become completely cashless in the coming 10 years as the coronavirus pandemic is accelerating the phasing out of physical currency. Of the 25 experts surveyed, more than half (56%) said that the country was a.....
Middle-aged Canadians warming up to ecommerce & online brokers
October 04, 2021 11:53 PM AEDT| By Ankit SethiSource: Pixabay.com People are using e-commerce more. A simple reason for this can be the outbreak of the pandemic and the resulting restrictions on movement. Let’s understand how middle-aged people are using e-commerce and how this can al...
PM warns supply shortages to Christmas. Stocks to avoid for short term
October 04, 2021 11:24 PM AEDT| By Rishika RainaFollowing Brexit, the British economy has been in a period of transition according to the UK Prime Minister Boris Johnson. Due to the pandemic and other Brexit related issues, Johnson warned Britons that they can expect supply shortage and empty sh.....
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