Economy

Lockdowns weighed heavily on business confidence, says NAB

In a series of latest developments reflecting the impact of lockdowns in Australia, business confidence has reportedly declined during the third quart...

How are rate hike expectations shaping up in Australia?

With major developed nations moving towards monetary policy tightening, speculations are rife that Australia will also eventually walk on the same pat...

What to expect as RBA Shuts Down Wage Growth?

Highlights Reserve Bank of Australia (RBA) has said its unlikely Australian wages will rise in the short-term, despite reports of industry labour s...

Covid cases surge again: Will there be another lockdown?

Highlights 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 th...

No changes in RBA’s policies, suggest October meeting minutes

Highlights RBA’s meeting minutes started with a focus on the differing speeds of recovery seen across the globe. Australia’s economic...

What has caused a dry spell in Australian wine exports?  

What has caused a dry spell in Australian wine exports?     Image source: © Fintastique | Megapixl.comImage description: Wine exports...

Will this Christmas bring back the season of joy for Australia?

Highlights Vaccinations are picking up pace in Australia. Businesses are gearing for the economies opening up and the demand surging during the fe...

Will this Christmas bring back the season of joy for Australia?

Highlights COVID-19 vaccinations are picking up pace in Australia. Businesses are gearing up for the opening of the economy and the demand is surg...

Why UK job vacancies reached record highs despite cooling unemployme...

The 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 sev...

RBA’s Debelle says climate change threatens Australia’s carbon-inten...

Highlights The transitioning of global economies away from fossil fuel has the potential to threaten businesses in Australia’s carbon-intensi...

Know about Australia’s new low-cost airline set for early 2022 launc...

Australia is preparing to launch its new low-cost domestic airline, Bonza, in early 2022 amid expectations of a boom in the air travel sector in a pos...

Japan set for polls; will it affect Japan-Australia relations?

Japan elected 64-year-old Fumio Kishida as its new prime minister through a parliamentary vote on 4 October 2021. The leader of the ruling Liberal Dem...

How are businesses handling UK’s rising cost pressures?

The UK’s government statistics body, the Office for National Statistics (ONS), has released a business survey result, according to which more an...

NSW premier remodels reopening plan; sharpens focus on economic reco...

Dominic Perrottet, the newly elected premier of New South Wales, has committed to keeping people safe while opening up the economy, and securing recov...

Has Brexit affected UK’s passport power?

Highlights Japan and Singapore topped the list of Henley Passport Index that uses data from the international Air Travel Association. The UK secur...

Australia’s August trade surplus rises to record high, what was the...

Highlights Australia’s trade surplus rose to a record level in August, clearly beating market forecasts. According to Australian Bureau of S...

Why APRA introduced home loan curbs, raised interest rate benchmark

In a much-anticipated move, the Australian Prudential Regulation Authority on Wednesday raised the minimum interest rate buffer it expects banks to us...

How COVID-19 is fast driving Australia towards a cashless society

Highlights Australia is expected to become completely cashless in the coming 10 years as the coronavirus pandemic is accelerating the phasing out o...

UK Manufacturing PMI indicates slowest growth since February 2020

Highlights  UK manufacturing sector witnessed the slowest growth rate since February of 2021 Growth slowed due to dismal pace in consumer and...

Housing price rise: What to expect as Treasurer, regulators mull loa...

Highlights The recent boom in housing prices has emerged as a major concern for the Australian Treasurer. The surge in home prices was fuelled by...