Economy

Three Amigos Summit: What’s at stake as Trudeau heads to Washington?
November 17, 2021 12:57 AM AEDT| By Sundeep RadeshDubbed the ‘Three Amigos Summit’, the North American Leaders' Summit (NALS) was last held in 2016 when Presidents Barack Obama and Enrique Peña Nieto headed north to convene with Prime Minister Justin Trudeau. During the Trump er.....

Labour market activity improves as UK unemployment rate cools to 4.3%
November 17, 2021 12:40 AM AEDT| By AbhijeetThe employment activity in the United Kingdom has been continuously improving as the businesses reopen at a much larger scale for the first time in the pandemic era following the series of easements done by the government, terminating the social di.....
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Glasgow summit: COP26 climate pact in a nutshell
November 16, 2021 09:25 PM AEDT| By Rishika RainaAfter being overrun by a day, Saturday bought an end to the COP 26 UN Climate Change Conference hosted by the UK in Glasgow. Government representatives, negotiators, businesses, and citizens from all over the world came together at the summit .....

Will 2022 be a normal year for world economy?
November 16, 2021 05:38 PM AEDT| By Toshiva JainThe present world economy is looming as several market changes are taking place around the globe. Be it the energy crisis, or the fall of China’s property market or the high inflation in most economies; economists are in an acute situation to.....

What RBA’s Philip Lowe said on inflation: Five key takeaways
November 16, 2021 03:31 PM AEDT| By AayushHighlights Philip Lowe said most central banks around the world have concluded that the current increase in inflation rates are likely to be temporary. According to him, being consistent with a view of a transitionary inflation and not a persis.....

RBA Nov minutes: No rate hike until wage & inflation criteria are met
November 16, 2021 03:22 PM AEDT| By Chitranjan KumarHighlights Minutes of the RBA November meeting revealed that the economy expected to rebound quickly with ease in COVID-19 restrictions. Policymakers remained committed to maintaining a highly supportive monetary policy stance. RBA officials r.....
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Is levying carbon tax on companies possible?
November 15, 2021 11:45 PM AEDT| By Priya BhandariCarbon pricing is a raging topic all over the world. The carbon pricing is basically pricing the emissions of greenhouse gases (GHGs), essentially estimating the costs of climate change and the damages that should be put on producers and customers .....

How banks can prepare for crypto transformation
November 14, 2021 12:57 AM AEDT| By Versha JainHighlights Banks can’t stay away from cryptocurrencies any longer due to the growing customer demand. Financial organizations must update their systems for crypto transactions. Volatility in the cryptocurrency market will be a major cha.....

How Britons are embracing digital financial age
November 14, 2021 12:43 AM AEDT| By Priya BhandariHighlights Britons are progressively using money apps, internet banking and contactless cards. The use of fintech has grown by 86% now using online technology in their daily financial lives. The country expects further increase in the number o.....

Why ending Triple lock state pension could be damaging
November 14, 2021 12:40 AM AEDT| By Priya BhandariHighlights Recently, the UK government has confirmed a one-year suspension of the triple lock formula for annual state pension increase. Work and Pension Secretary Therese Coffey has said the state pension will be determined by either 2.5% or .....

Voter Integrity Bill – Does Australia need this proposed electoral reform?
November 13, 2021 01:04 AM AEDT| By ManishaThe Australian government led by Prime Minister Scott Morrison has proposed to introduce voter identification legislation ahead of federal elections in 2022, citing it as a measure against alleged voter fraud. While the government says the measure .....

How to plan your investment with inflation touching new highs
November 12, 2021 02:01 AM AEDT| By Rishika RainaThe risks related to sticky inflation and economic stagnation are hovering over the UK economy and their persistence is expected over the upcoming years. Disruptions due to Brexit, followed by supply chain problems and soaring energy costs, have le.....

US inflation hits 30-year high; CPI climbs 6.2%
November 11, 2021 10:41 AM AEDT| By Versha JainHighlights US inflation hit a 30-year high in October, the latest Labor Department data showed. The US Consumer Price Index (CPI) rose at an annualized rate of 6.2% YoY in October, the highest since 1990. The short-term US government bond yiel.....

10 tips for Aussie investors to buy property in 2022
November 09, 2021 11:35 AM AEDT| By AshishHighlights Australian property prices are expected to fall in the wake of the two biggest banks raising their mortgage rates multiple times. According to the latest CoreLogic data, Australian housing prices have seen an increase of 21.6% in Oct.....

Can Fed’s tapering crash markets?
November 08, 2021 09:43 PM AEDT| By Ankit SethiHighlights The Fed has decided to reduce its bond purchase by US$15 billion per month Emerging market economies have not reacted to the news, and Canada’s benchmark index is also up Any eventual rate hike by the Fed is likely to have ver.....

What are the challenges facing Australia’s economic recovery?
November 08, 2021 07:15 PM AEDT| By Akanksha VashishtHighlights While the Australian economy is showing improving economic conditions, some challenges to its recovery can make the return to normalcy slower. Labour shortages seen across the globe have slipped to the Australian ecosystem, whe.....

Here’s IMF’s World Economic Outlook report October 2021
November 06, 2021 03:26 AM AEDT| By Toshiva JainHighlights The report mainly focuses on the significant aspects of the world economy that are undergoing major changes like supply chain, healthcare sector, price level fluctuations, etc. Recovery is happening; however, the momentum of recovery.....

Merck’s Covid-19 pill gets nod from Britain
November 05, 2021 08:24 PM AEDT| By Rishika RainaHighlights Britain becomes the first country worldwide to approve Merck’s newly developed COVID-19 antiviral pill. Britain's MHRA recommended molnupiravir for high-risk patients, but this is the first approval given to an oral antiviral .....

Corona outbreak wreaks havoc on Australia, with retail sales falling 4.4%
November 05, 2021 04:37 PM AEDT| By Aditi SahaThe Corona outbreak has wreaked havoc on Australian retail sales. Lockdowns have been reinstated across Australia due to the Delta outbreak, which erupted in June this year, notably in NSW and Victoria. As a result, stores have&.....

FTSE 100 businesses forefront climate change initiatives at COP26
November 04, 2021 09:10 PM AEDT| By AbhijeetHIGHLIGHTS 60 FTSE 100 companies have pledged to go carbon neutral by 2050 More than 5,200 businesses have joined the UN Race to Zero Poland and Chile have committed to eliminate coal usage With the growing consciousness around climate c.....

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