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Economy
Spring Statement: 5 things Sunak may do to address cost-of-living crisis
March 23, 2022 06:38 PM AEDT| By Priya BhandariHighlights Chancellor of the Exchequer Rishi Sunak is all set to deliver his Spring Statement to the House of Commons on Wednesday amid growing challenges for Britons. The Chancellor is facing growing pressure from various groups and MPs to tac.....
Boost to Australian travel industry: New AU$60m funding, Return of travel vouchers
March 23, 2022 02:56 PM AEDT| By Akanksha VashishtThe Australian travel sector seems set to see a rebound in its operational activities. While retail and some other sectors were the first to experience recovery from the pandemic, tourism and hospitality sectors have been witnessing disruptions and.....
Australia consumer confidence plunges to lowest level since Sep 2020
March 22, 2022 05:28 PM AEDT| By Toshiva JainHighlights A study by Australia and New Zealand Banking Group Limited (ANZ) and Roy Morgan Research unveils that Australia’s consumer confidence fell by 4.8% to 91.2 points in the third week of March. Recent geopolitical events have pushe.....
Australian household spending jumps in January 2022, will the momentum continue?
March 22, 2022 04:51 PM AEDT| By Akanksha VashishtHighlights Consumer confidence has taken a hit from the ongoing war in Ukraine as inflationary fears surface. The latest data by the ABS reveals that household spending rebounded at an impressive rate in January 2022. Research by the ANZ revea.....
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.....
China lockdown: What are the repercussions for Australia?
March 21, 2022 02:33 PM AEDT| By Akanksha VashishtAfter seeing one of the worst COVID-19 virus outbreaks in 2020, China is once again observing a rise in Omicron cases this year. The increasing number of cases have compelled authorities to implement lockdowns and restrictions in full force, paving.....
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.....
How 2022 rate hike might catch recent Aussie home buyers off guard
March 20, 2022 12:55 AM AEDT| By Akanksha VashishtHighlights Speculations are rife that interest rates will reach 1% by the end of this year. The post-pandemic lending has been largely dominated by fixed-rate mortgages. The real interest rate might remain negative for a long time, potentially.....
What will shape Australian elections in 2022?
March 20, 2022 12:52 AM AEDT| By Toshiva JainHighlights The world is waiting to see whether the labour party or the liberals will win the Australian federal elections in 2022. The Covid-19 pandemic is likely to play a crucial role in framing the voter’s mindset in the upcoming May 2.....
What is Canada’s Health Portfolio and its role in healthcare?
March 19, 2022 12:34 PM AEDT| By Team Kalkine MediaHighlights Health Canada is collaborating with provinces and territories for health system improvements The Canadian Food Inspection Agency is protecting human health from animal diseases such as avian influenza The Public Health Agency of Can.....
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.....
Does Good Cartel’s move highlight labor shortage problem in Australia?
March 17, 2022 11:07 PM AEDT| By SukritiHighlights Australia’s hospitality sector is going through severe labour shortage. The Good Cartel has announced AU$92k annual pay for barista and AU$112k for kitchen staff. The Federal Government expects that reopening of internat.....
Fed rate hike: What does it mean for Aussie investors and homeowners?
March 17, 2022 08:35 PM AEDT| By Akanksha VashishtAggressive interest rate hikes are likely to be a recurring theme across nations in 2022. With pandemic-induced slowdown receding gradually, it seems to be the right time for central banks to focus on taming inflation. Inflationary pressures have b.....
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 .....
Australia's unemployment rate data impresses: 3 points to note
March 17, 2022 03:41 PM AEDT| By Akanksha VashishtHighlights As per ABS, the unemployment rate plunged to 4% in February 2022. During February, the participation rate rose to 66.4%, with the increase in participation being more pronounced for women. A higher than a usual number of people were.....
Australia’s Dec Qtr property prices data out: Three points to note
March 15, 2022 02:42 PM AEDT| By Akanksha VashishtProperty prices in Australia have had an interesting journey, with the previous year observing a significant rise in prices. The latest data released by the Australian Bureau of Statistics (ABS) reveals that residential property prices displayed th.....
Australia Pension Centrelink - 5 critical facts to notice now
March 14, 2022 07:59 PM AEDT| By Akanksha VashishtWith rising inflation becoming a persisting reality, Centrelink payments are expected to rise again for millions of Australians. Australians have been promised a cash boost from March 20 onwards to blow off some pressures created by rising prices. .....
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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.....
