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Economy
Australian environment report paints grim picture: Key takeaways
July 22, 2022 05:21 PM AEST| By ManishaHighlights,The latest government report on environment has highlighted a grim situation of Australia’s ecological system.,The report highlights how the intensity and frequency of extreme weather events such as floods, droughts, storms, heatwaves, and...
What’s stoking Australian housing crisis and how can it be mitigated?
July 20, 2022 01:45 PM AEST| By Toshiva JainHighlights,Rising interest rates could have a severe impact on the Australian property market.,Studies have observed that young investors are more affected by the tremendous rise in interest rates.,The federal and state authorities are considering in...
What’s behind Australia’s vast gender pay gap and how can it be fixed?
July 19, 2022 01:45 PM AEST| By Toshiva JainHighlights,Gender discrimination is the leading driver of pay gap in Australia.,Women at the beginning of their career witness a pay difference of 6%, which grows threefold as they progress.,A combination of reformative policies is needed to fix the...
BNPL service set to change in Australia - All you need to know
July 18, 2022 03:47 PM AEST| By Akanksha VashishtHighlights,BNPL companies became consumer favourites during the pandemic when many individuals suffered from job losses and delayed payments.,BNPL service providers do not charge interest on loans and slip past the existing Consumer Credit Code.,The...
Will RBA go for a bigger rate hike after strong jobs data?
July 17, 2022 08:00 AM AEST| By Akanksha VashishtHighlights,The ABS has reported that the June unemployment rate has dipped to 3.5%, a level unseen since August 1974.,The unemployment rate has dropped to a level much lower than the forecast presented by the Reserve Bank.,The RBA might continue its...
Ten highest paid CEOs of ASX 200 companies
July 15, 2022 04:42 PM AEST| By Akanksha VashishtHighlights,The ACSI has released the list of highest grossing Australian CEOs among ASX200 companies.,The highest grossing CEOs belong to Afterpay, a BNPL company that flourished exclusively during the pandemic.,The report by ACSI also stated that pa...
Is inflation a political risk now?
July 14, 2022 01:59 PM AEST| By Akanksha VashishtHighlights,Inflationary pressures have shown no signs of slowing down, with economic growth stalling in the backdrop.,For long households and companies have been highly scared of high inflation as it can lead to the scary outcome of stagflation.,The...
Flood relief payment: How to claim AU$1000 for disaster recovery
July 13, 2022 05:05 PM AEST| By Akanksha VashishtHighlights,Affected residents of NSW can claim the flood relief payments provided they fulfil the eligibility criteria.,The government has added six new local government areas to the list of existing LGAs.,The government has stated that sophisticated...
Three top technologies taking healthcare by storm
July 11, 2022 02:57 PM AEST| By Aditi SarkarmRNA technology, neurotechnology, and healthcare wearables are some of the recent advances in the field of medical technology
What are the challenges ahead for Australia’s energy transformation?
July 10, 2022 08:01 AM AEST| By DaminiAEMO plans to decarbonise Australia to align with the Paris agreement’s agenda. However, there are various challenges that Aussies face as the transition takes place.
What's stoking Australia's workforce crisis in retail space?
July 09, 2022 11:00 AM AEST| By Toshiva JainHighlights,Australia has been witnessing a consistent rise in labour shortage for the past three months.,The Australian Retailers Association has urged the government to intervene to help the retail sector runners recover from the current crisis.,It...
How could a recession impact the housing market?
July 09, 2022 08:01 AM AEST| By DaminiFears of a recession hitting the US have impacted markets across the globe. Property auctions have declined as consumer and business confidence has been hit.
How are rising interest rates affecting mortgages?
July 07, 2022 12:54 PM AEST| By Toshiva JainHighlights,Inflation is expected to rise higher than expected earlier, as a result of which interest rates are likely to increase at a higher and faster pace in upcoming months.,Housing prices in some states have fallen in the last couple of months....
Why is Australia facing severe floods & how does insurance work?
July 06, 2022 05:40 PM AEST| By Toshiva JainThousands of Aussies are seeking flood insurance as rising floods in the country are causing displacements.
RBA hikes cash rate by 0.50% for 2nd time in a row
July 05, 2022 03:02 PM AEST| By DaminiThe RBA expects inflation to peak later in 2022 and then decline back towards the 2-3% range next year. Inflation is likely to ease as commodity prices stabilise and global supply-side problems continue to ease.
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Will RBA raise cash rate by 0.50% for second consecutive time tomorrow?
July 04, 2022 01:45 PM AEST| By Akanksha VashishtHighlights,The RBA is likely to deliver an interest rate hike of 50 basis points in its July monetary policy meeting.,The central bank seems to be making up for a lost time as it delayed its first interest rate hike in the face of rising prices.,Conf...
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Stagflation vs recession: Which is more detrimental to the economy?
July 03, 2022 11:00 AM AEST| By Akanksha VashishtHighlights,Stagflation and recession have become commonly used terms over the last few months.,These economic phenomena are associated with an economic slowdown, high unemployment, and rising inflation.,Stagflation can be a more worrisome event than...
Are China’s trade sanctions on Australian goods unfair?
July 03, 2022 09:00 AM AEST| By Toshiva JainAnthony Albanese is willing to talk to Chinese officials to relieve China's sanctions on Australian exports. The Australian economy is suffering from economic losses because of souring relations with China.
Five tips to purchase a property in seller’s market
July 03, 2022 08:00 AM AEST| By Akanksha VashishtHighlights,Buying a house in a seller’s market can be tough due to several buyers for a limited number of properties.,If prices begin to decline, the buyer-side competition could increase even further in a seller’s market.,Managing finances, keeping...
In what ways can you fight inflation?
July 02, 2022 09:00 AM AEST| By Toshiva JainGlancing at clever ways Aussies are adapting to earn extra money in times of high inflation and rising mortgage rates.
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