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Economy
Housing loan commitments decline 3.4% in August: ABS
October 05, 2022 01:31 PM AEDT| By Team Kalkine MediaAustralian Bureau of Statistics discloses a 3.4% fall in the value of housing loan commitments in August 2022. Owner-occupied loans are 36% higher, and investment loans are 70% higher. • Western Australian territory w
ACCC seeks ‘further views’ over Telstra (ASX:TLS), TPG (ASX:TPG) deal
October 03, 2022 12:00 PM AEDT| By Sonal GoyalShares of Telstra and TPG dropped after ACCC questioned the proposed agreement between the parties.
Australia to impose enhanced data protection law this year
October 03, 2022 11:00 AM AEDT| By RitwikaAustralia to impose enhanced data protection law this year.
Average rent in Australia rises 13.8% in a year, research finds
October 03, 2022 09:00 AM AEDT| By Sonal GoyalHousing crisis in Australia has resulted in Aussies paying AU$3000 more rent than previous year.
DIF likely to invest across Australia & Europe; know about the projects
October 02, 2022 09:00 AM AEDT| By Sonal GoyalLeading investment manager, Dubai Investment Fund (DIF) announced that it would fund five renewable projects across Australia and Europe.
Diageo acquires renowned coffee brand, Mr Black
October 01, 2022 12:00 PM AEST| By RitwikaDiageo acquires renowned coffee brand, Mr Black
Here are Australia’s most ambitious renewable energy storage targets
October 01, 2022 12:10 AM AEST| By Team Kalkine MediaAndrews government has announced Victoria’s biggest renewable energy storage targets. • As per the announcement, the government will invest a total of AU$157 million.
Australia to spend AU$266M to fight against AIDS, TB & Malaria
September 25, 2022 12:00 PM AEST| By RitwikaAustralia declares to contribute AU$266 million to Global Fund to fight against AIDS, Tuberculosis and Malaria.
Yara to construct green hydrogen plant soon
September 18, 2022 07:00 AM AEST| By Sonal GoyalYara to construct green hydrogen plant in Western Australia soon.
Downer’s (ASX:DOW) subsidiary receives AU$630M contract
September 17, 2022 09:02 AM AEST| By Sonal GoyalShare price of Downer were in red when the company announced winning a AU$630 million contract.
Australians must order Christmas presents now: Australia Post
September 11, 2022 09:00 AM AEST| By RitwikaAustralia Post suggests people to order Christmas gifts now for timely delivery due to labour shortage.
Australia marches towards net zero, climate change legislation passed
September 10, 2022 09:00 AM AEST| By Sonal Goyal8 September, new climate change bill was passed by the Australian parliament.
Mercedes-Benz fined AU$12.5M on airbag recall failure
September 04, 2022 12:50 AM AEST| By Sonal GoyalMercedes-Benz fined AU$12.5M on airbag recall failure
Australia lifts migration numbers by 35,000 in FY23
September 03, 2022 07:00 AM AEST| By RitwikaAustralian home minister declaires to lift the number of permanent migrant workers in the country in FY23.
How reforms can rejuvenate Australia’s aged care sector
July 23, 2022 11:00 AM AEST| By Toshiva JainHighlights,Nearly 1.3 million Aussies subscribed to aged care services in 2019-2020.,The primary aim of aged care reforms is to provide quality and safe senior care in times of need.,The number of people subscribing to aged care is expected to increa...
Australian environment report paints grim picture: Key takeaways
July 22, 2022 05:21 PM AEST| By ManishaHighlights,The latest government report on environment has highlighted a grim situation of Australia’s ecological system.,The report highlights how the intensity and frequency of extreme weather events such as floods, droughts, storms, heatwaves, and...
What’s stoking Australian housing crisis and how can it be mitigated?
July 20, 2022 01:45 PM AEST| By Toshiva JainHighlights,Rising interest rates could have a severe impact on the Australian property market.,Studies have observed that young investors are more affected by the tremendous rise in interest rates.,The federal and state authorities are considering in...
What’s behind Australia’s vast gender pay gap and how can it be fixed?
July 19, 2022 01:45 PM AEST| By Toshiva JainHighlights,Gender discrimination is the leading driver of pay gap in Australia.,Women at the beginning of their career witness a pay difference of 6%, which grows threefold as they progress.,A combination of reformative policies is needed to fix the...
BNPL service set to change in Australia - All you need to know
July 18, 2022 03:47 PM AEST| By Akanksha VashishtHighlights,BNPL companies became consumer favourites during the pandemic when many individuals suffered from job losses and delayed payments.,BNPL service providers do not charge interest on loans and slip past the existing Consumer Credit Code.,The...
Will RBA go for a bigger rate hike after strong jobs data?
July 17, 2022 08:00 AM AEST| By Akanksha VashishtHighlights,The ABS has reported that the June unemployment rate has dipped to 3.5%, a level unseen since August 1974.,The unemployment rate has dropped to a level much lower than the forecast presented by the Reserve Bank.,The RBA might continue its...
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