AUS
NZ
UK
CA
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IND
Economy
Five things to expect from pre-election Australia Budget
March 28, 2022 01:10 AM PDT| By Toshiva JainHighlights The Australian federal budget will be released on 29 March. The budget is set to focus on the cost of living, inflation, and fuel prices. Experts opine that the beer industry, infrastructure, housing, childcare, and defence can be b.....
When was the last housing market crash in Australia?
March 28, 2022 01:07 AM PDT| By Akanksha VashishtThe Australian housing market has been subject to many ups and downs in the recent past. The record-low interest rates have brewed an environment of widespread borrowing, causing a large uptick in housing demand. However, the current boom in prices.....
Impact of COVID-19 on Australian property market: Six points to note
March 25, 2022 06:59 AM PDT| By Akanksha VashishtHighlights The current property price surge can be attributed to record-low interest rates and favourable grants by the centre and state governments. More first-time homebuyers have entered the property market in the last two years. Since the .....
Disinformation Register: Debunking mistruths about 2022 Australian federal election
March 24, 2022 10:07 PM PDT| By ManishaTime and again, the Australian Electoral Commission (AEC) has been taking stringent measures to keep a check on electoral disinformation. It is in action yet again. The Commission recently launched a Disinformation Register to strengthen its combat a...
Spring Statement and Measures for UK Households Explained
March 24, 2022 02:33 AM PDT| By Rishika RainaHighlights The UK inflation level has reached a 30-year high of 6.2% in the 12 months to February 2022. Chancellor Rishi Sunak presented his Spring Statement amid the cost-of-living crisis escalating in the UK. On 23 March, Chancello.....
Key takeaways for Australia from UK's tax and fuel duty cuts
March 24, 2022 12:15 AM PDT| By Akanksha VashishtHighlights The supply-side challenges and the war on Ukraine have prompted a rise in the cost of living, raising fears of an economic slowdown. Chancellor Rishi Sunak announced a string of tax cuts, including a cut in fuel duty that would be im.....
Housing imbalances & inflation causes of worry in NZ, says IMF
March 23, 2022 07:56 PM PDT| By ManikaHighlights NZ economy in strong position so far Omicron, Ukraine war and China slowdown will impact the economy adversely Inflation, household debts situation & housing unaffordability should be tackled immediately The International M.....
Australia Federal Elections 2022: Will Covid wave see Aussies cast their vote via phone?
March 23, 2022 01:28 AM PDT| By SukritiHighlights Australia’s 2022 Federal Election is likely to be held in mid-May 2022. Elections approach as the spread of the Omicron BA.2 sub-variant has begun to worry Australia. The ongoing surge of Covid-19 cases could see thousands of .....
Spring Statement: 5 things Sunak may do to address cost-of-living crisis
March 23, 2022 12:38 AM PDT| 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 22, 2022 08:56 PM PDT| 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 21, 2022 11:28 PM PDT| 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 21, 2022 10:51 PM PDT| 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 12:42 AM PDT| 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 20, 2022 08:33 PM PDT| 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 19, 2022 07:51 PM PDT| 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 19, 2022 07:35 PM PDT| 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 19, 2022 06:55 AM PDT| 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 19, 2022 06:52 AM PDT| 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 18, 2022 06:34 PM PDT| 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 02:55 AM PDT| 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.....
