Economy

Will Aussies see higher minimum wages as new government takes charge...

It seems the new government has a lot more on its to-do list than the Scott Morrison-led government. One of the most crucial areas of reform for the n...

Will the RBA go for aggressive rate hikes as Q1 GDP exceeds estimate...

Highlights The Australian Bureau of Statistics (ABS) has released the economic growth data for the March 2022 quarter. A higher-than-expected GDP...

Here’s why Australian property prices fell for the first time in two...

Australian property prices have fallen for the first time in nearly two years. Wealthy cities like Sydney and Melbourne are facing the strongest decli...

How is Ukraine crisis impacting Australia's LNG plans?

Highlights Post Russian invasion and international sanctions on Russian supply, demand for Australian LNG raised immediately. The country’s...

Australia's Q1 GDP data out: How is the economy faring?

The Australian GDP data for the March 2022 quarter exceeded all expectations, with the latest report from the Australian Bureau of Statistics (ABS) sh...

What to expect from Australia’s Q1 GDP data due tomorrow?

Highlights The upcoming GDP data for the March quarter is expected to be significantly lower than the previous quarter’s data. Big four bank...

More pain ahead for Aussie housing sector as interest rates rise

The average Aussie mortgage holder is facing immense pressure as the pandemic-induced economic adversities show no signs of a reversal. Most global ec...

Focus on renewables, EVs: Inside Albanese govt climate plans

Highlights Australia’s newly elected Prime Minister Anthony Albanese has promised a major crackdown on the country’s carbon emissions....

What is Biotechnology Blueprint? How can it benefit Australia’s biot...

Highlights COVID-19 has been a stark reminder of the fact that biotechnology will be needed in future to face uncertain health crises Australia's...

Will EV demand explode under Labor government?

Highlights A majority of Australians say they’d consider buying an electric model as their next car. The Australian Labor Party has formed a...

Meet 10 richest Australians, know their whopping net worth

Many billionaires contribute to the overall economy of Australia. They come from different walks of life, different industries and have different set...

Aussie petrol prices set for record highs: Factors fuelling rise

raine and Russia. The age of skyrocketing prices is not new to Aussies now. According to the recent Reserve Bank of Australia (RBA) data, the Aus...

What's in store for Australian house prices under new government?

Highlights The Reserve Bank’s latest interest rate hike has helped ease some of the pressure on the housing demand. The Albanese government...

RBNZ raises interest rates again, what to expect from RBA?

Highlights The RBNZ was one of the first central banks to raise interest rates in the post-COVID period and has raised rates again by 50 bps in May...

WEF Davos 2022: Recession risks looming across the globe

Highlights In the World Economic Forum 2022, global leaders are joining forces to discuss global issues developing due to unfavourable factors. Th...

Can Australia’s new Labor govt heal the cracks within healthcare sys...

Highlights Following the victory of the Labor Party, Mark Butler is expected to be the new health minister of Australia The Albanese government is...

What to expect from Australian economy as new government takes charg...

The newly elected Labor government is expected to traverse through a series of pressing challenges left untreated by the previous ruling party. Though...

How will a new government impact Australia-China relations?

Highlights Australia’s hostility toward China has grown following a set of undesirable moves by China. Labor plans to devise a new path for...

Labor leader Anthony Albanese takes oath as Australia’s 31st PM

Highlights Anthony Albanese, the leader of Australia's Labor Party, was sworn in as the country's 31st Prime Minister. Penny Wong, a South Austr...

Labor win: Here’s what Australian investors can expect?

  For the first time since 2013, Labor Party is all set to take the centerstage after Aussie voters ousted Prime Minister Scott Morrison’s...