Economy

How increased spending support and cash rate at 0.25% would help the...

The Reserve Bank of Australia (RBA) kept the official cash rate at 0.25% for the fifth consecutive month and reaffirmed the target yield on 3-year Aus...

Job losses Continue Unabated at Major British Companies

The spate of job losses in the United Kingdom is not showing any signs of abatement even after the lockdown has been opened in the past three months....

Australian Banking Space Amidst Virus-Induced Volatility; Digitalisa...

With the emergence of COVID-19 pandemic, major Australian banks have drawn considerable attention for deferring/suspending their dividends, facing loa...

Jobs bouncing back in July but with a slower trajectory– Is your fut...

Summary Victoria declared ‘state of disaster’ and rise in the virus cases forced Melbourne and regional Victoria to enter stage 4 and s...

NZ Legalising Cannabis: Is It Worth Rolling The Bill?

Upcoming September voting on the Cannabis Legalisation and Control Bill to be introduced by the New Zealand Government will decide the fate of recreat...

Policy rates remain unchanged, RBA expects 6% fall in GDP

Summary The Reserve Bank of Australia has kept the cash rate unchanged in this policy meeting but intends to buy three-years bonds since yield is b...

Expecting some strength: 5 Things you need to know about June trade...

Summary The trade surplus of Australia swelled to $8.2 billion for the month of June, which is its 30th consecutive monthly trade surplus amid soli...

Scan Through Tourism Space: Ten Things that you might have missed

Known in the world for its ancient desert landscapes and coastal cities fringed with golden beaches and deep blue oceans, Australia is today famous fo...

The milieu between China and Australia when it comes to trade talks

The successful trade relationship between China and Australia dates way back to the early 2000s. Ever since 2007, China has been Australia’s big...

Taking A Closer Look At The Income And Wealth Inequalities In Britai...

Summary Leading economic thinktank data suggests that while geographical income inequalities are falling across regions overtime in Britain, the we...

Covid-19 Impact: Leading Banks in the UK Braced for Losses

Summary Full year 2020 impairment charge of NatWest bank is likely to be in the range of £3.5-4.5 billion due to a gloomy UK outlook HSBC's...

UK House Price Growth Rate in July Breaks A 11 Year Record

Summary The nationwide house price index rose by 1.7 per cent in July, which is the highest monthly leap in prices since August of 2009 when the ma...

Impact of social distancing on travel, hospitality, and luxury busin...

March 2020 was the turning point for many people around the world. World Health Organisation (WHO) declared a new global pandemic, meaning the new dis...

How the struggling US economy is affecting geographies worldwide

Summary The US reported 32.9% dip in its Gross Domestic Product in the second quarter of 2020, signalling a historic plunge in the economic activit...

US Economy Charter and Dow Jones: Economy shrivels while stocks are...

Summary On 30 July, both Dow Jones and S&P 500 indices fell 0.85% and 0.38%, respectively, prompted by worst fall of 32.9% in the US GDP number...

August 2020 Earnings Season Set to Rock the Investors’ Watchlist: Wh...

While the US Q2 2020 earnings season failed to cheer investors so far amid mixed impact of the COVID-19 pandemic on companies’ profits, all eyes...

Home Loans and 3 Untouched Aspects

Summary The competition is rising in the Australian market to offer a low-interest rate to the borrowers. The lenders in the market are giving less...

Australia enters deflation after CPI suffers biggest quarterly slump

Summary The recent ABS data revealed that CPI fell to record 1.9% in June 2020, demonstrating the biggest quarterly plunge in last 72 years. Child...

Londoners Spent the Least During the Lockdown

Summary Affluent sections of the British society have spent a lot less during the lockdown than the low- and medium-income groups London and South...

Australia's Consumer Price Index: 3 things to watch

Summary ABS has revealed that the recent free childcare scheme had a significant effect on CPI over the June quarter. Free childcare could subtrac...