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Economy
Is Australia facing demand-pull or cost-push inflation?
January 27, 2022 11:14 PM PST| By Akanksha VashishtHighlights It seems imperative to examine the root cause of existing inflation in Australia. Australia’s inflationary pressures can be attributed to both demand-side and supply-side forces. Experts are now anticipating an interest rate h.....
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Banks expect Fed to raise benchmark rate by 50 bps in March
January 27, 2022 03:39 PM PST| By Sanjeeb BaruahHighlight The world’s top investment banks expect multiple interest rate hikes this year. The Federal Reserve hopes to bring down the inflation to 2% after the hikes. The US inflation has soared to 7% lately, the highest in nearly four d.....
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US GDP grew 6.9% in fourth quarter of 2021, fastest growth in decades
January 27, 2022 01:10 PM PST| By Sanjeeb BaruahHighlights The growth rate is expected to slow down in 2022 on weak consumer spending, supply issues. Household spending and efforts to rebuild depleted inventories drove the fourth-quarter growth. Consumer spending reduced toward the end of t.....
Should global markets worry over Fed’s interest rate plans?
January 27, 2022 02:18 AM PST| By DaminiHighlights The US Fed intends to increase interest rates in the coming months amid strong labour market conditions and high inflation. As rate hike fears are looming, investors are no longer considering equities as a hedge against inflation. N.....
NZ Inflation at a record high, what should RBNZ do?
January 26, 2022 07:05 PM PST| By ManikaInflation has hit a record 5.9% at the end of 2021, according to figures released by Statistics New Zealand on Thursday. Consumer prices are rising at a fast pace and this is the highest in last 30 years, according to the Government figures. Major.....
Trends that will lead global tech space in 2022 and beyond
January 25, 2022 12:00 PM PST| By ManishaHighlights The world is moving fast towards absolute digitalisation. Tech developments and innovations have become more critical to the business and everyday life of much of the population far and wide. There are some tech trends, such as 5G, .....
If Boris Johnson resigns, who could be the next PM of UK?
January 25, 2022 08:56 AM PST| By Suhita PoddarHighlights The UK PM Boris Johnson has been facing mounting pressure from ministers and opposition leaders following Downing Street Garden parties held amid the lockdown. Sue Gray is set to announce the results of an inquiry into the parties la.....
Morrison's WeChat account hack: Should Australia ban Chinese apps?
January 24, 2022 07:41 PM PST| By ManishaHighlights Morrison’s social media account on WeChat has been compromised through unauthorised access. The account was hacked, renamed "Australian Chinese new life" and the account picture was deleted. The act is being seen as an act of .....
Australia records another quarter of high inflation
January 24, 2022 06:14 PM PST| By DaminiHighlights The Consumer Price Index (CPI) surged 1.3 per cent in the December 2021 quarter. Annual price inflation of goods was the highest since 2008 in the December quarter. New dwelling purchases and automotive fuel primarily contributed to.....
Online Safety Bill: 7 points to note
January 24, 2022 04:29 AM PST| By Priya BhandariHighlights The Online Safety Bill is a proposed Act in the United Kingdom to enhance the safety net around internet. The Digital, Culture, Media, and Sport Committee (DCMS) said the bill is clear on various grounds. A group of MPs has wa.....
Omicron impact: Private sector activity contracts in Australia
January 24, 2022 02:38 AM PST| By Akanksha VashishtHighlights Amid rising cases of coronavirus, private sector activity shrank in Australia in January 2022. Australia’s composite PMI declined to 45.3 in January 2022. Input price inflation in Australia continued the climb to a new survey .....
Are global markets headed towards a crash in 2022?
January 24, 2022 02:01 AM PST| By AayushHighlights A superbubble is created when prices of several asset classes go through the roof simultaneously. Finally, the time has come for central banks around the world to start tightening the monetary supply. The Dow Jones is down 6.34% for.....
What to expect from December 2021 quarter inflation data
January 23, 2022 10:13 PM PST| By Akanksha VashishtHighlights The fiscal and monetary stimulus provided during the pandemic has created an environment shaped by rising prices. Rising employment in Australia is somehow fuelling inflationary concerns. In case inflation continues to rise, the RBA.....
Is the Australian economy on the brink of hyperinflation?
January 23, 2022 07:03 PM PST| By Akanksha VashishtIn the COVID-19 era, experts have time and again highlighted the difficulties attached to rising price levels across the globe. Concerns of rising inflation emerged as most economies, including Australia, tried to revive from the economic slump tri.....
Trends that will redesign small business in 2022
January 22, 2022 05:22 AM PST| By Toshiva JainHighlights As the pandemic entered our lives almost two years back, the entire paradigm of the business world changed. The already dynamic business world has become more fragile due to the pandemic. Additionally, with spaces like Metaverse, se.....
Key US economic growth index rises strongly in December: Report
January 21, 2022 12:04 PM PST| By Sanjeeb BaruahHighlights The GDP will grow at an annualized rate of 2.2% in the first quarter, while the full-year growth rate is likely to be 3.5% year, the report noted. Omicron, labor shortages, inflation, and the expected rate hikes would moderate the g.....
Has the Australian property market reached its peak?
January 20, 2022 06:54 PM PST| By DaminiAfter steadily increasing for several months in a row, the Australian property prices have begun to show some signs of a slowdown amid improving supply dynamics. Interestingly, the house price growth in Australia was the slowest since January 2021 .....
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5 reasons why cost-of-living is moving up in Britain
January 20, 2022 02:13 AM PST| By Sreenivas D AjankarHighlights The inflation rate in the UK rose to its highest level at 5.4% in December 2021. The UK economy has been facing inflationary pressure for the last one year leading to a higher cost of living. At present, prices of goods and services.....
How would inflation further affect sectors? 5 pointers to note
January 20, 2022 02:04 AM PST| By Priya BhandariThe inflation rate of the UK surged unexpectedly to 5.4% in December up from November’s 5.1%, since its highest in 1992, enhancing pressure on the household sector and on the Bank of England to raise interest rate again. The sharp rise in inf.....
Behind tall electioneering claims: Are Aussies getting the economy as promised?
January 19, 2022 10:49 PM PST| By Akanksha VashishtHighlights The Australian economy saw many feats at a time when the economy was still majorly under lockdown. During the pandemic, stimulus measures were put in place at the cost of rising government debt. Consumer confidence in the country ha.....
