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Economy
Can you give away stocks as donations?
October 28, 2021 05:38 PM AEDT| By Rishika RainaDonating stocks instead of cash is always a better option considering the interest of both parties. A wide range of charities, schools, hospitals, and other non-profit organisations prefer receiving stocks as gift or donation as it provides them wi.....
Autumn Budget 2021: Top 10 highlights to note
October 28, 2021 02:16 AM AEDT| By Rishika RainaHighlights Inflation levels can touch 4% next year as per OBR estimates. The economy will grow by 6.5% this year and will bounce back to its pre-pandemic size by 2022. Unemployment is set to peak at 5.2%. Chancellor of the Exchequer Rishi.....
Autumn Budget: Top 10 expectations from Sunak
October 27, 2021 07:14 PM AEDT| By Rishika RainaHighlights The Autumn Budget is due to be delivered by Chancellor Rishi Sunak at the parliament on Wednesday. The Budget is set to come ahead of a rough winter due to rising fears of inflation and soaring energy prices, which have negativ.....
Australian core inflation rises to its fastest pace since 2015
October 27, 2021 03:42 PM AEDT| By Akanksha VashishtThe Australian Bureau of Statistics has recently released the Consumer Price Index (CPI) data for the September 2021 quarter. CPI is one of the most common tools used to assess inflation levels in an economy, using the prices of household items and.....
What's the new proposed open-ended investment fund?
October 26, 2021 10:18 PM AEDT| By Priya BhandariThe UK’s Financial Conduct Authority (FCA) is all set to create a new type of open-ended authorised investment fund, which will support investment in assets such as private equity and infrastructure. The proposal will mean investors and thos.....
Which Australian state has the strongest economy?
October 26, 2021 07:46 PM AEDT| By Akanksha VashishtHighlights Tasmania has been given the title of the best performing state economy for the June quarter by CommSec, under its State of the States report. Tasmania has taken the lead in four indicators: retail spending, job market, construc.....
China plans new property tax; here’s how it may hit Australia
October 26, 2021 01:51 PM AEDT| By AshishHighlights China has announced plans to roll out a pilot real estate tax amid the ongoing rise in real estate speculation across the country. The National People's Congress Standing Committee has provided the nod to the latest plan to promote ".....
This is the greatest cyber threat of our times
October 24, 2021 12:38 AM AEDT| By Priya BhandariHighlights According to thematic research of GlobalData, online information and hacking that purposely attempts to undermine the authority of government leaders, poses the considerable threat to state stability. These attacks need high level of.....
Will Aussies sweeten the pot for retailers by shopping big time this Xmas?
October 24, 2021 12:00 AM AEDT| By Anam SiddiquiHighlights The Australian Retailers Association (ARA) and its strategic partner Roy Morgan have projected pre-Christmas spending of AU$58.8 billion for 2021. Retail sales in NSW and Victoria that saw sporadic lockdown throughout the year would .....
UK launches world’s first green savings bond: What the savers can get?
October 22, 2021 10:47 PM AEDT| By Suhita PoddarHighlights The UK launched the world’s first retail green savings bond, issued by the National Savings and Investments The move follows after the UK has raised a total of £16 billion in green sovereign bonds since the last month .....
Why falling inflation is not good news
October 22, 2021 04:52 PM AEDT| By Rishika RainaHighlights UK headline inflation dropped from 3.2% in August to 3.1% in September as per latest ONS figures. In the recent months, inflation has been above the 2% target set by the UK Government, with expectations of hitting 4% by the end of th.....
Lockdowns weighed heavily on business confidence, says NAB
October 21, 2021 09:19 PM AEDT| By Akanksha VashishtIn a series of latest developments reflecting the impact of lockdowns in Australia, business confidence has reportedly declined during the third quarter of 2021. National Australia Bank (NAB) has recently released its quarterly business survey for .....
How are rate hike expectations shaping up in Australia?
October 21, 2021 06:23 PM AEDT| By Akanksha VashishtWith major developed nations moving towards monetary policy tightening, speculations are rife that Australia will also eventually walk on the same path. After maintaining near-zero interest rates for nearly two years, Australia’s economy has .....
What to expect as RBA Shuts Down Wage Growth?
October 20, 2021 10:35 PM AEDT| By Daniel Paul JohnsHighlights Reserve Bank of Australia (RBA) has said its unlikely Australian wages will rise in the short-term, despite reports of industry labour shortage The Reserve does not expect the inflation target to be met any time before 2024 due to th.....
Which taxes could replace UK’s fuel duty amid climate push?
October 20, 2021 06:28 PM AEDT| By Suhita PoddarThe UK finance ministry has stated that the government may have to introduce some new taxes to replace the loss of revenues from fuel duty and other motoring taxes. The UK plans to phase out fossil fuels as the country has pledged to reduce carbon.....
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Covid cases surge again: Will there be another lockdown?
October 19, 2021 10:30 PM AEDT| By Priya BhandariHighlights On Monday, new Covid cases reported in the UK were 49,156, highest reported since 17 July this year. The UK government is relying on the success of vaccination programme to avoid imposing fresh restrictions again this winter. &n.....
No changes in RBA’s policies, suggest October meeting minutes
October 19, 2021 06:02 PM AEDT| By Akanksha VashishtHighlights RBA’s meeting minutes started with a focus on the differing speeds of recovery seen across the globe. Australia’s economic developments have reflected the ongoing global occurrences, from the build up of inflationary pres.....
What has caused a dry spell in Australian wine exports?
October 19, 2021 05:28 PM AEDT| By ManishaWhat has caused a dry spell in Australian wine exports? Image source: © Fintastique | Megapixl.comImage description: Wine exports, Australia Highlights Latest figures have highlighted a dreary phase for the Australian wine se...
Inside Apple Unleashed: Which new products were showcased?
October 19, 2021 12:11 PM AEDT| By AshishAfter focusing on iPhones and Apple Watches a month ago, Apple has now unveiled a whole bunch of new devices, including iPhones, iPads, and the latest Apple Watch. On 18 October 2021, the Cupertino-based tech giant announced new products namely Mac.....
Top US retailers get ready to capitalize on holiday sales, boost stocks
October 19, 2021 03:29 AM AEDT| By Ipsita SarkarHighlights Amazon.com, Inc. (NASDAQ: AMZN) had recently announced plans to hire 150,000 seasonal jobs across the US. Target Corporation (NYSE: TGT) has expanded its partnership with LEGO for a limited-edition collection under US$30.0, ahead.....
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