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Economy
Russia-Ukraine conflict: What are economic costs of a war?
March 12, 2022 01:06 AM AEDT| By Akanksha VashishtAs worrisome events unfurl from the Russia-Ukraine conflict, most individuals are left wondering what the aftermath would bring. The emotional and psychological torment caused by wars is hard to compute and is often neglected by those who are respo.....
US inflation climbs to 7.9%; food, housing become more expensive
March 11, 2022 08:57 AM AEDT| By Sanjeeb BaruahHighlights Excluding energy and food costs, consumer prices rose at an annual rate of 6.4% last month. The Russian invasion of Ukraine has turbocharged the prices of oil, wheat, and precious metals. Fed Chair Jerome Powell said last week that .....
How Russia-Ukraine conflict could affect Australian consumers
March 08, 2022 07:50 PM AEDT| By Akanksha VashishtJust as some level of stability was beginning to seep into global economies after the pandemic, nations are once again facing tougher challenges amidst the Russia-Ukraine war. For an average consumer, the events escalating in Ukraine might have mo.....
What should you know about warnings of World War 3?
March 06, 2022 03:09 PM AEDT| By Toshiva JainAs the Russia-Ukraine war escalates, tensions arise across the world about whether this can turn into “World War 3”. Russia has been stringently invading Ukraine; despite assertions from the US, the UK the EU, and other nations. So, wou.....
Why is Business Council against Morrison govt’s anti-trolling bill?
March 04, 2022 08:41 PM AEDT| By Priyanka PayalHighlights The Morrison Government’s anti-trolling bill, which aims to protect Australians from social media trolling, faces stiff opposition from the Business Council of Australia. The bill negates the decision of the High Court in.....
Biden’s State of Union: Will be first to halve deficit –key takeaways
March 04, 2022 05:26 AM AEDT| By Sanjeeb BaruahHighlights Biden vows to reduce the fiscal deficit to less than half from when he took office by the end of 2022. President Biden acknowledges the pain inflicted by inflation on ordinary people. Democratic senators have largely praised the pre.....
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Will industry-wide sanctions be able to cripple Russian economy?
March 02, 2022 09:43 PM AEDT| By Sreenivas D AjankarHighlights Lots of sanctions have been imposed on Russia by several countries like the US, European Union, Australia, and the UK. Economic sanctions have become the most preferred tool to overcome geopolitical tensions and hurt the country&rsqu.....
Russia-Ukraine war impact on Asian economies
March 02, 2022 06:59 PM AEDT| By Toshiva JainHighlights The day Russia invaded Ukraine, stock prices in Asian countries experienced a steep fall. Russia is amongst the largest oil and natural gas producer, and the majority of the Asian nations depend upon the country for energy. Apart fr.....
Average full-time earnings soared in 2021. Are good days back for Aussie job seekers?
February 24, 2022 07:25 PM AEDT| By Akanksha VashishtAustralia seems to be in the middle of a widespread economic resurgence as major economic indicators have been showing considerable improvement in recent months. The economic revival is also evident in the labour market, which is slowly recouping t.....
Can Russia’s attack on Ukraine impact Canada's economy & trade?
February 24, 2022 04:01 AM AEDT| By Kajal JainPeople around the world have woken up to the news of Russian President Vladimir Putin ordering a “full-scale invasion” of Ukraine — a move that could mark the inception of a war in Europe. The so-called "special military op.....
Decoding the World Development Report 2022
February 23, 2022 05:02 AM AEDT| By Toshiva JainHighlights The World Bank affirmed the significance of corrected financial measures for an equitable recovery. In the pandemic, economic activities of over 90% of the countries have contracted. Significant consequences are borne by the emergin.....
What does Russia-Ukraine conflict mean for world economy?
February 19, 2022 02:00 AM AEDT| By Toshiva JainIn late January 2022, Russian forces were deployed along the Ukrainian border. Till now, the conflict hasn’t been resolved. While the world economy trembles under the effects of the Covid-19 pandemic, Russia’s evasion is just another na.....
Economies with record-breaking inflation
February 15, 2022 07:54 PM AEDT| By Toshiva JainHighlights The Consumer Price Index (CPI) for a large variety of goods and services across most countries is climbing faster than expected. The primary causes for such a high price level are the skyrocketing prices of oil and gas and supply-cha.....
Crude oil hits fresh seven-year high amid Russia-Ukraine tension
February 14, 2022 02:00 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. The comments from the US about a forthcoming attack by Russia on Ukraine have shocked the worldwide financial market. A significant drop in the US crude inventories has also added pressure on the sup.....
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UK economy recovers from pandemic blues, Omicron impacts December growth
February 12, 2022 01:57 AM AEDT| By Rishika RainaHighlights The UK economy recorded a GDP growth of 7.5% in 2021 after a drastic fall of 9.4% in 2020. The UK’s GDP has gone up by 1% in Q4 2021, same as the downwardly revised 1.0% increase in Q3. The UK economy is on its way b.....
How Labor pip Liberals to pass religious discrimination bill
February 12, 2022 01:19 AM AEDT| By Bhawna GuptaHighlights The contentious religious discrimination bill was passed by the lower house on Several Liberal MPs crossed the floor against the government to pass the bill. The new version of the bill is moved to the Senate now. After m.....
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Rising shipping costs affecting UK businesses
February 12, 2022 12:15 AM AEDT| By Priya BhandariHighlights Labour shortages, Covid restrictions, and strain on logistics networks led to a rise in shipping costs and significantly lengthened delivery times. The widespread disruption in the supply chain has affected the UK and other eco.....
Can China’s zero-Covid curbs hurt global growth?
February 11, 2022 07:06 PM AEDT| By Toshiva JainLike many other nations like Australia and New Zealand, China adapted the “zero-Covid” policy as the deadly COVID-19 pandemic entered our lives. However, most countries suspended the policy and moved ahead with the upliftment of restric.....
Consumer spending down due to Omicron, but things are looking positive
February 08, 2022 08:33 PM AEDT| By Sukriti NairHighlights Omicron has caused significant decline in household spending. Inflation and higher labour costs have impacted business conditions in Australia. Economists believe the impact of Omicron is lesser in comparison to previous COVID-19 va.....
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Cost of living crisis: Bank of England expected to hike interest rates
February 03, 2022 11:57 PM AEDT| By Priya BhandariHighlights Britons and economists are expecting the Bank of England’s Monetary Policy Committee (MPC) to hike interest rates again on Thursday to curb the pressure of surging inflation. Energy regulator Ofgem has said that the energy pric.....
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