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Economy
Will the RBA tighten monetary policy anytime soon?
December 21, 2021 01:09 AM PST| By Akanksha VashishtHighlights The Reserve Bank of Australia (RBA) seems optimistic that quantitative easing could come to an end in 2022. Due to changing headwinds, a clearer viewpoint on policy action could be expected in February 2022. The central bank does no.....
World Inequality Report 2022
December 18, 2021 05:10 AM PST| By Toshiva JainWe are residing in the hyper-capitalist world. Here, who earns more, owns more assets; and thus, lives a more comfortable life. We as a society have collectively chosen this kind of living, discarded the barter system and now sustained on the legal.....
Is the sun shining again on the battered Australian travel sector?
December 16, 2021 06:52 PM PST| By DaminiHighlights Australia has recently decided to move ahead with the next stage of its border reopening. Qantas has planned to soon extend the airline’s services to offer Aussie’s only direct flights to continental Europe. Australian t.....
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Bank of England hikes interest rates for first time in pandemic era
December 16, 2021 06:15 AM PST| By AbhijeetThe Bank of England, on Thursday, 16 December, in its terminal Monetary Policy Committee (MPC) meeting for 2021, raised the key lending rates by 15 basis points, surprising everyone as it is the first major central bank to raise the interest rates .....
What does Frydenberg’s MYEFO say on the Australian economy?
December 15, 2021 09:56 PM PST| By Sukriti NairHighlights Mid-Year Economic and Fiscal Outlook (MYEFO) is out today. Treasury updates on million new jobs and wage rate forecasts. The Mid-Year Economic and Fiscal Outlook (MYEFO) revealed a recovery from COVID-19 recession. The MYEFO bud.....
Australia’s housing market strength reflecting in household wealth
December 15, 2021 09:32 PM PST| By DaminiHighlights Australia’s total household wealth surged by 4.4 per cent in the September 2021 quarter. The uptick in household wealth was primarily driven by a rise in residential property prices. Australia records the highest annual sales .....
Easing lockdown restrictions bring improving employment conditions for Australia
December 15, 2021 07:22 PM PST| By Akanksha VashishtHighlights The latest data from the ABS suggests an improvement in labour market recovery in November. As businesses resumed operations in a slowly opening economy, the labour market recorded an increase in employment numbers. Slowly rising wa.....
Apple becomes world's first $3 trillion market cap company
December 14, 2021 09:16 AM PST| By Rupam RoyApple crossed the market capitalization of US$3 trillion Tuesday, December 14, after an astonishing run over the past decade, marking itself as the world's most valuable company. The iPhone manufacturer hit US$3 trillion from US$2 trillion in market...
How COVID-19 pandemic impacted working arrangements in labour market
December 14, 2021 12:58 AM PST| By Akanksha VashishtHighlights The work from home setup has considerably increased over the past year as the businesses redefine working arrangements. Employee earnings have risen, though many jobs have been lost in the casual labour market segment. The los.....
Australia records low overseas travel in October, travel stocks slump
December 13, 2021 09:09 PM PST| By Akanksha VashishtHighlights The Australian Bureau of Statistics (ABS) has released the overseas travel data for October 2021. Western Australia is expected to open interstate and international borders from 5 February 2022. Stocks of major travel players were d.....
Australia beefs up its army, inks AU$1 billion deal with S Korea
December 13, 2021 08:26 PM PST| By AayushHighlights Australia has signed a AU$1.01 billion defense deal with South Korea. Under the defence deal, South Korean company Hanwha will provide artillery weapons, radars and vehicles to the Australian army. Earlier, Australia has announced t.....
Qantas (ASX:QAN) eyes major aircraft fleet overhaul; details here
December 12, 2021 08:49 PM PST| By AshishDespite being battered by COVID-19 induced travel restrictions, Qantas Airways Ltd (ASX:QAN) is all set for a multibillion-dollar facelift. Aiming to spruce itself up for future, the airline company is about to close a deal to overhaul its domestic.....
More tax cuts in store for Aussies?
December 12, 2021 07:40 PM PST| By AayushMore tax cuts could be on the cards as the Australian government increases its economic support amid border reopening. However, Treasurer John Frydenberg refrained from making any specific comments about the same. Talking to Today show, Frydenberg.....
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Business sentiment improves: Will it reflect on the stock market?
December 10, 2021 05:47 AM PST| By Sreenivas D AjankarHighlights The business confidence in the UK economy rose for the second consecutive month in November 2021. The rise in UK business sentiments and employment indices in recent months is positive news for the UK stock market, indicating a r.....
IMF's Gita Gopinath warns Omicron may cost global economy extra AU$7 trillion
December 09, 2021 05:56 PM PST| By AshishThe International Monetary Fund (IMF) has warned that the COVID-19 pandemic could turn out to be far more costly than estimated. The latest coronavirus variant Omicron could cost the global economy an additional US$5.3 trillion (AU$7.4 trillio.....
New Covid checks: UK govt works on Plan B to control Omicron variant
December 09, 2021 02:28 AM PST| By Priya BhandariFollowing the emergence of new Omicron variant, the Boris Johnson government has announced new measures to prevent the spread. It has decided to reintroduce the new COVID measures in England and UK travel, which will come into force in various stag.....
Is the RBA's latest cash rate decision justified?
December 08, 2021 11:45 PM PST| By Akanksha VashishtHighlights RBA’s decision to keep the cash rate at ten basis points did not come as a surprise. The Omicron variant is the new source of uncertainty for the RBA, which could hamper the economy’s strong rebound. Now that the RBA has.....
Is the Australian labour market recovery losing momentum?
December 08, 2021 09:22 PM PST| By Akanksha VashishtHighlights The latest data from the ABS suggests a slowdown in payroll jobs growth in early November. The payroll jobs recovery decelerated following strong growth in the second half of October. It remains to be seen if the new Omicron variant.....
Will Omicron variant derail Australia's economic recovery?
December 07, 2021 02:41 AM PST| By Akanksha VashishtWhile the Omicron variant has caused much stir across different parts of the globe, Australian policymakers continue to debate whether its impact will be damper relative to the Delta variant. The new variant has hit the country at a time that was s.....
When will RBA raise interest rates? Here's what Westpac says
December 06, 2021 05:20 PM PST| By AshishHighlights Analysts expect the RBA’s meeting on Tuesday to be a non-event. The RBA may maintain status quo on rates for some more time before moving from the record low of 0.1%. It also expects the rising housing prices to come down afte.....
