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Economy
China plans new property tax; here’s how it may hit Australia
October 25, 2021 07:51 PM PDT| By AshishHighlights China has announced plans to roll out a pilot real estate tax amid the ongoing rise in real estate speculation across the country. The National People's Congress Standing Committee has provided the nod to the latest plan to promote ".....
This is the greatest cyber threat of our times
October 23, 2021 06:38 AM PDT| By Priya BhandariHighlights According to thematic research of GlobalData, online information and hacking that purposely attempts to undermine the authority of government leaders, poses the considerable threat to state stability. These attacks need high level of.....
Will Aussies sweeten the pot for retailers by shopping big time this Xmas?
October 23, 2021 06:00 AM PDT| By Anam SiddiquiHighlights The Australian Retailers Association (ARA) and its strategic partner Roy Morgan have projected pre-Christmas spending of AU$58.8 billion for 2021. Retail sales in NSW and Victoria that saw sporadic lockdown throughout the year would .....
UK launches world’s first green savings bond: What the savers can get?
October 22, 2021 04:47 AM PDT| By Suhita PoddarHighlights The UK launched the world’s first retail green savings bond, issued by the National Savings and Investments The move follows after the UK has raised a total of £16 billion in green sovereign bonds since the last month .....
Why falling inflation is not good news
October 21, 2021 10:52 PM PDT| By Rishika RainaHighlights UK headline inflation dropped from 3.2% in August to 3.1% in September as per latest ONS figures. In the recent months, inflation has been above the 2% target set by the UK Government, with expectations of hitting 4% by the end of th.....
Lockdowns weighed heavily on business confidence, says NAB
October 21, 2021 03:19 AM PDT| By Akanksha VashishtIn a series of latest developments reflecting the impact of lockdowns in Australia, business confidence has reportedly declined during the third quarter of 2021. National Australia Bank (NAB) has recently released its quarterly business survey for .....
How are rate hike expectations shaping up in Australia?
October 21, 2021 12:23 AM PDT| By Akanksha VashishtWith major developed nations moving towards monetary policy tightening, speculations are rife that Australia will also eventually walk on the same path. After maintaining near-zero interest rates for nearly two years, Australia’s economy has .....
What to expect as RBA Shuts Down Wage Growth?
October 20, 2021 04:35 AM PDT| By Daniel Paul JohnsHighlights Reserve Bank of Australia (RBA) has said its unlikely Australian wages will rise in the short-term, despite reports of industry labour shortage The Reserve does not expect the inflation target to be met any time before 2024 due to th.....
Which taxes could replace UK’s fuel duty amid climate push?
October 20, 2021 12:28 AM PDT| By Suhita PoddarThe UK finance ministry has stated that the government may have to introduce some new taxes to replace the loss of revenues from fuel duty and other motoring taxes. The UK plans to phase out fossil fuels as the country has pledged to reduce carbon.....
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Covid cases surge again: Will there be another lockdown?
October 19, 2021 04:30 AM PDT| By Priya BhandariHighlights On Monday, new Covid cases reported in the UK were 49,156, highest reported since 17 July this year. The UK government is relying on the success of vaccination programme to avoid imposing fresh restrictions again this winter. &n.....
No changes in RBA’s policies, suggest October meeting minutes
October 19, 2021 12:02 AM PDT| By Akanksha VashishtHighlights RBA’s meeting minutes started with a focus on the differing speeds of recovery seen across the globe. Australia’s economic developments have reflected the ongoing global occurrences, from the build up of inflationary pres.....
What has caused a dry spell in Australian wine exports?
October 18, 2021 11:28 PM PDT| By ManishaWhat has caused a dry spell in Australian wine exports? Image source: © Fintastique | Megapixl.comImage description: Wine exports, Australia Highlights Latest figures have highlighted a dreary phase for the Australian wine se...
Inside Apple Unleashed: Which new products were showcased?
October 18, 2021 06:11 PM PDT| By AshishAfter focusing on iPhones and Apple Watches a month ago, Apple has now unveiled a whole bunch of new devices, including iPhones, iPads, and the latest Apple Watch. On 18 October 2021, the Cupertino-based tech giant announced new products namely Mac.....
Top US retailers get ready to capitalize on holiday sales, boost stocks
October 18, 2021 09:29 AM PDT| By Ipsita SarkarHighlights Amazon.com, Inc. (NASDAQ: AMZN) had recently announced plans to hire 150,000 seasonal jobs across the US. Target Corporation (NYSE: TGT) has expanded its partnership with LEGO for a limited-edition collection under US$30.0, ahead.....
Will this Christmas bring back the season of joy for Australia?
October 16, 2021 06:50 AM PDT| By Rini ZachariahHighlights Vaccinations are picking up pace in Australia. Businesses are gearing for the economies opening up and the demand surging during the festive season. Expectations for the September quarter are gloomy, but experts opine recovery to pi.....
How US employee emergency savings accounts bolstering financial security
October 16, 2021 06:39 AM PDT| By Sanjeeb BaruahHighlights More US companies have launched employee emergency savings accounts to attract and retain staff members. Taking a cue from the covid crisis, the initiative is expected to provide Americans with an extra layer of financial security i.....
How supply chain crisis is affecting the economic recovery
October 16, 2021 06:14 AM PDT| By RitwikaHighlights The economic outlook of Britain is darkening amid a full-blown fuel crisis, labour shortage, as well as clogged ports. A Christmas catastrophe is being anticipated with empty supermarket shelves amid a full-blown fuel crisis, labour .....
How covid tests and norms failed airline and travel industry
October 14, 2021 02:29 AM PDT| By Rishika RainaThe continuation of travel restrictions and Covid-19 testing requirements in the UK attracted a lot of criticism from airline and travel bosses. Research shows that when other markets were on the path of recovery, there has been a sharp decline in .....
Will this Christmas bring back the season of joy for Australia?
October 14, 2021 02:23 AM PDT| By Rini ZachariahHighlights COVID-19 vaccinations are picking up pace in Australia. Businesses are gearing up for the opening of the economy and the demand is surging during the festive season. Expectations for the September quarter are gloomy, but experts opi.....
Why UK job vacancies reached record highs despite cooling unemployment?
October 13, 2021 11:46 PM PDT| By Suhita PoddarThe Office for the National Statistics (ONS) reported UK job vacancies touched a record high of nearly 1.2 million in September. The rise came as several sectors are facing staff shortages and are searching for workers to meet the shortfall. The s.....
