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Economy
Big banks predict interest rate rises in next six months
April 18, 2022 12:04 AM AEST| By Toshiva JainHighlights Australian big banks predict that the Reserve Bank of Australia (RBA) may increase interest rate in June, following the federal elections. The first rise can take the interest rate from 0.1% to 0.25%. Since over a million people hav...
Should Aussie renters worry about potential interest rate hikes?
April 17, 2022 12:53 AM AEST| By Akanksha VashishtHighlights Australia seems to be facing a national rental crisis, with rental rates going through the roof. The low availability of properties for rent has majorly pushed the rental rates higher. Vacancy rates have remained painfully low, lead...
Resignation regret: Are more boomerang employees returning to old jobs?
April 16, 2022 12:57 AM AEST| By Toshiva JainHighlights Harvard Business Review released a study that showcased that 30% of the job-quitters didn’t have a positive outcome. Several strategists, career consultants and recruiters opine that the Great Resignation shows the growing trai...
Is Australia facing a fear of recession in 2022?
April 16, 2022 12:46 AM AEST| By Akanksha VashishtHighlights As supply-side pressures are prompting a rise in the prices of goods and services, fears surrounding recession have surfaced again in the global economy. A technical recession is defined as the period where economic growth runs negat...
AU Election 2022: Does Morrison govt want to cash in on national security?
April 15, 2022 12:49 AM AEST| By ManishaThe ongoing Russia-Ukraine war and other escalating global tensions highlight why every country needs to shore up its defence strategies and fuel national security wings. The subject has become even more significant in Australia as national electio.....
Jobless rate remains steady in March, what to expect from interest rates?
April 14, 2022 02:41 PM AEST| By Akanksha VashishtHighlights The unemployment rate remained at a 14-year low of 4% in March 2022. The jobless rate for women fell faster than that for men, reflecting a continuing trend from last month. Given the labour market’s strength, the RBA could co.....
Why are Australian mortgage rates going through the roof?
April 14, 2022 12:48 PM AEST| By Akanksha VashishtHighlights Property prices have risen steadily since the onset of the pandemic amidst record-low interest rates. The latest data from the RBA reveals that variable and fixed rates have increased over the past one month. Unlike fixed-rate mortg.....
Boris Johnson, Rishi Sunak fined for violating lockdown rules at No 10
April 13, 2022 07:34 PM AEST| By Team Kalkine MediaHighlights PM Johnson, his wife Carrie, and Chancellor Sunak received Fixed Penalty Notices from the Met police for breaching COVID-19 lockdown rules in 2020. The two top parliamentarians have apologised for the incident but rejected the calls .....
Over 250 million people could face extreme poverty by 2022-end
April 13, 2022 05:15 PM AEST| By Team Kalkine MediaHighlights Oxfam, an organization, concentrating on the alleviation of global poverty, has said that high food prices, combined with inequality, COVID-19, and the Russia-Ukraine crisis could push 263 million more people into extreme poverty. Th.....
Westpac consumer sentiment report out for April: All you need to know
April 13, 2022 03:34 PM AEST| By Akanksha VashishtHighlights Westpac Banking Corporation (ASX:WBC) has recently released its monthly consumer confidence report for April 2022. Consumer sentiment took a small hit in April, compared to a steep fall of 4.2% seen in March. The recently announced .....
In a hawkish move, RBNZ raises OCR by 50 basis points
April 13, 2022 01:45 PM AEST| By ManikaThe Monetary Policy Committee (MPC) of the Reserve Bank of New Zealand (RBNZ) today increased the Official Cash Ration (OCR) to 1.50% in a bid to tighten the monetary conditions in order to keep the inflation under check and also maintain the.....
Jobs back on Scott Morrison’s federal election agenda
April 12, 2022 07:28 PM AEST| By Akanksha VashishtHighlights Prime Minister Scott Morrison promised the creation of additional jobs during a speech ahead of the Federal elections. PM Morrison has placed job creation at the centre of his electoral campaign. Opposition leader Anthony Albanese w.....
Three takeaways from NAB’s March 2022 business survey
April 12, 2022 04:04 PM AEST| By Akanksha VashishtHighlights Business confidence and conditions bounced back to pre-Delta levels in March 2022. Business conditions were the sharpest to rise in retail, followed by the finance, business and property sector. Confidence rose sharply across the tr.....
UK economic growth slows down to 0.1% in February: Tougher times ahead?
April 12, 2022 04:01 PM AEST| By Team Kalkine MediaBritain's Gross Domestic Product grew by just 0.1% in February, a significant reduction from 0.8% in January, data from the Office for National Statistics (ONS) revealed on Monday. The latest figures put the monthly real GDP for February at 1.5% a.....
Should Australia follow Canada in banning foreign real estate buyers?
April 12, 2022 01:54 PM AEST| By Akanksha VashishtCanada has responded to rising house prices, introducing a ban on foreign investors from buying homes in the country. The two-year ban has been announced to ease the unaffordability constraints faced by domestic residents. However, the latest move .....
RBNZ to raise interest rates tomorrow, by how much is the question
April 12, 2022 01:12 PM AEST| By ManikaHighlights On Wednesday, the RBNZ will meet for monetary policy review. Economists divided over whether it will raise 25 bps or 50 bps Since rising inflation is the main concern, it is expected that the RBNZ will act tough and fast Econom.....
Will rising interest rates bring turmoil for Aussie mortgage payers?
April 09, 2022 12:54 AM AEST| By Akanksha VashishtHighlights Banks have brought forward their projections for an interest rate hike by the central bank. Rising inflation and cost of living pressures have fuelled earlier rate hike expectations. A potential increase in interest rates could pile.....
What is Canada's Federal Budget and how it can impact you?
April 07, 2022 07:56 PM AEST| By Ankit SethiHighlights Budget is nothing but a detailed document highlighting how the government wants to earn and spend The finance minister is set to table the Budget 2022 on 7 April in the House of Commons Budget 2022 is likely to shape up the Canadian.....
What is the current state of inflation in OECD area?
April 07, 2022 01:50 PM AEST| By Akanksha VashishtHighlights The OECD has recently released the consumer price index report for February 2022. Consumer prices rose significantly in February in the OECD region. A sharp rise in inflation was seen in Turkey among OECD member countries. Whil.....
What is Fair Pay Agreements Bill? What does it mean for the NZ industries
April 06, 2022 05:02 PM AEST| By ManikaHighlights Fair Pay Agreements Bill seeks to address low incomes and insufficient working conditions It will give enable sector or industry wise bargaining for wages and work conditions Workers unions have welcomed it but business bodies not h.....
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