Economy

How is the red-hot inflation hurting the common man?

 How is the red-hot inflation hurting the common man?

Inflation hits the common man hard. People are getting poorer dealing with this fastest inflation.

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Why are Australia’s housing growth rates losing momentum?

Why are Australia’s housing growth rates losing momentum?

Highlights Housing prices in Sydney and Melbourne have started to decline, leading to speculations that the property market is losing momentum. The pandemic has taught the markets that supply-side challenges are more pronounced than high immigr...

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Australia Budget 2022-23: Paid Parental leave to support new dads

Australia Budget 2022-23: Paid Parental leave to support new dads

Highlights The Paid Parental Leave (PPL) would see some major changes as per the latest budget announcement. The Paid Parental Leave can be taken any time within two years of the birth or adoption of a child. The introduced changes are likely ...

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US now has 5 million more jobs than unemployed people

US now has 5 million more jobs than unemployed people

Highlights Job attrition increased by 94,000 to 4.35 million in February from the previous month. Also, the percentage of the workforce rose from 2.8 % in January to 2.9% in February. However, the unemployed population shrunk to 6.27 million, ...

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Australian retail sales in February 2022: Three points to notice now

Australian retail sales in February 2022: Three points to notice now

Retail sales data is a gauge of consumer confidence and the overall robustness of the economy. The past two years are a testament to the fact that the retail sector was one of the first sectors to get affected by pandemic-related disruptions. Wh...

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Australia budget 2022-23 to offer petrol price relief & support first home buyers

Australia budget 2022-23 to offer petrol price relief & support first home buyers

Highlights The federal budget, due Tuesday, is expected to include a fuel excise cut for Australians. The budget is expected to focus on easing the cost of living pressures and housing affordability. Critics argue that the government...

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When was the last housing market crash in Australia?

When was the last housing market crash in Australia?

The Australian housing market has been subject to many ups and downs in the recent past. The record-low interest rates have brewed an environment of widespread borrowing, causing a large uptick in housing demand. However, the current boom in prices...

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Impact of COVID-19 on Australian property market: Six points to note

Impact of COVID-19 on Australian property market: Six points to note

Highlights The current property price surge can be attributed to record-low interest rates and favourable grants by the centre and state governments. More first-time homebuyers have entered the property market in the last two years. Since the ...

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Australia Federal Elections 2022: Will Covid wave see Aussies cast their vote via phone?

Australia Federal Elections 2022: Will Covid wave see Aussies cast their vote via phone?

  • March 23, 2022 01:28 AM PDT
  • Sukriti

Highlights Australia’s 2022 Federal Election is likely to be held in mid-May 2022. Elections approach as the spread of the Omicron BA.2 sub-variant has begun to worry Australia. The ongoing surge of Covid-19 cases could see thousands of ...

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Why is stagflation back on investors' minds?

Why is stagflation back on investors' minds?

Highlights  Many investors are again contemplating if global economies will face stagflation. The commodity shock brewing out of the Russia-Ukraine spat has sparked fears of stagflation. The prices of commodities have been impacted by dis...

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P&O Ferries: What’s happening after the firm slashed 800 jobs?

P&O Ferries: What’s happening after the firm slashed 800 jobs?

Two days after announcing a major cutting back of jobs, P&O Ferries resumed its services two days after suspending jobs of its 800 crew members without notice as a cost-cutting exercise.  The P&O Ferries is in the news after they ma...

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