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Economy
Australia's unemployment rate data impresses: 3 points to note
March 17, 2022 03:41 PM AEDT | By Akanksha VashishtHighlights As per ABS, the unemployment rate plunged to 4% in February 2022. During February, the participation rate rose to 66.4%, with the incre...
Australia’s Dec Qtr property prices data out: Three points to note
March 15, 2022 02:42 PM AEDT | By Akanksha VashishtProperty prices in Australia have had an interesting journey, with the previous year observing a significant rise in prices. The latest data released...
Australia Pension Centrelink - 5 critical facts to notice now
March 14, 2022 07:59 PM AEDT | By Akanksha VashishtWith rising inflation becoming a persisting reality, Centrelink payments are expected to rise again for millions of Australians. Australians have been...
Why Russia-Ukraine war is a threat to global economy?
March 14, 2022 03:47 PM AEDT | By Akanksha VashishtHighlights The escalating geopolitical tensions seem to be risking the global economy’s recovery from the pandemic. The war has highlighted...
Will global supply chain woes end soon?
March 13, 2022 12:49 AM AEDT | By Toshiva JainHighlights China is a significant exporter of cotton, and because of its restricted supply from pandemic and labour-oriented reasons, clothing is g...
Russia-Ukraine conflict: What are economic costs of a war?
March 12, 2022 01:06 AM AEDT | By Akanksha VashishtAs worrisome events unfurl from the Russia-Ukraine conflict, most individuals are left wondering what the aftermath would bring. The emotional and psy...
Federal Budget 2022-23: Key talking points that should be on agenda
March 12, 2022 12:51 AM AEDT | By AshishHighlights The Australian government has announced that this year’s budget will be presented on 29 March. The budget will be tabled ea...
US inflation climbs to 7.9%; food, housing become more expensive
March 11, 2022 08:57 AM AEDT | By Sanjeeb BaruahHighlights Excluding energy and food costs, consumer prices rose at an annual rate of 6.4% last month. The Russian invasion of Ukraine has turboch...
Petrol prices set to cross AU$2/litre as crude prices jump amid Russ...
March 09, 2022 04:43 PM AEDT | By SamtaHighlights Petrol prices in Australia are anticipated to exceed AU$2 per litre mark amid conflict between Ukraine and Russia. The US President Joe...
Australia’s consumer sentiment weakens in March, reveals Westpac sur...
March 09, 2022 03:09 PM AEDT | By Akanksha VashishtHighlights The Westpac-Melbourne Institute Index of Consumer Sentiment dropped below the 100-level mark in March. The decline in consumer confiden...
How Russia-Ukraine conflict could affect Australian consumers
March 08, 2022 07:50 PM AEDT | By Akanksha VashishtJust as some level of stability was beginning to seep into global economies after the pandemic, nations are once again facing tougher challenges amids...
Do you know how wars impact interest rates?
March 08, 2022 04:23 PM AEDT | By Akanksha VashishtHighlights Russia’s actions have prompted many nations to change their existing policy setup, including a rise in interest rates. The cost o...
Australia sees strong business conditions and confidence in February...
March 08, 2022 03:00 PM AEDT | By Akanksha VashishtHighlights NAB’s latest monthly business survey revealed that business conditions and confidence improved during February. Almost all states...
What should you know about warnings of World War 3?
March 06, 2022 03:09 PM AEDT | By Toshiva JainAs the Russia-Ukraine war escalates, tensions arise across the world about whether this can turn into “World War 3”. Russia has been strin...
Why is Business Council against Morrison govt’s anti-trolling bill?
March 04, 2022 08:41 PM AEDT | By Priyanka PayalHighlights The Morrison Government’s anti-trolling bill, which aims to protect Australians from social media trolling, faces stiff oppo...
Australia sees impressive retail spending and business conditions da...
March 04, 2022 02:57 PM AEDT | By Akanksha VashishtHighlights The ABS recently released the data for retail trade in January and business conditions in February. Non-food online retail sales were h...
Biden’s State of Union: Will be first to halve deficit –key takeaway...
March 04, 2022 05:26 AM AEDT | By Sanjeeb BaruahHighlights Biden vows to reduce the fiscal deficit to less than half from when he took office by the end of 2022. President Biden acknowledges the...
ABS update: Dwelling approvals drop in January while trade surplus i...
March 03, 2022 03:34 PM AEDT | By Akanksha VashishtHighlights Total dwelling approvals fell in January 2022, with private sector dwellings excluding houses leading the fall. The value of total appr...
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Will industry-wide sanctions be able to cripple Russian economy?
March 02, 2022 09:43 PM AEDT | By Sreenivas D AjankarHighlights Lots of sanctions have been imposed on Russia by several countries like the US, European Union, Australia, and the UK. Economic sanctio...
Russia-Ukraine war impact on Asian economies
March 02, 2022 06:59 PM AEDT | By Toshiva JainHighlights The day Russia invaded Ukraine, stock prices in Asian countries experienced a steep fall. Russia is amongst the largest oil and natural...
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