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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Will industry-wide sanctions be able to cripple Russian economy?

Will industry-wide sanctions be able to cripple Russian economy?

Highlights Lots of sanctions have been imposed on Russia by several countries like the US, European Union, Australia, and the UK. Economic sanctions have become the most preferred tool to overcome geopolitical tensions and hurt the country&rsqu...

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Russia-Ukraine war impact on Asian economies

Russia-Ukraine war impact on Asian economies

Highlights The day Russia invaded Ukraine, stock prices in Asian countries experienced a steep fall. Russia is amongst the largest oil and natural gas producer, and the majority of the Asian nations depend upon the country for energy. Apart fr...

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Average full-time earnings soared in 2021. Are good days back for Aussie job seekers?

Average full-time earnings soared in 2021. Are good days back for Aussie job seekers?

Australia seems to be in the middle of a widespread economic resurgence as major economic indicators have been showing considerable improvement in recent months. The economic revival is also evident in the labour market, which is slowly recouping t...

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Can Russia’s attack on Ukraine impact Canada's economy & trade?

Can Russia’s attack on Ukraine impact Canada's economy & trade?

People around the world have woken up to the news of Russian President Vladimir Putin ordering a “full-scale invasion” of Ukraine — a move that could mark the inception of a war in Europe.  The so-called "special military op...

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Decoding the World Development Report 2022

Decoding the World Development Report 2022

Highlights The World Bank affirmed the significance of corrected financial measures for an equitable recovery. In the pandemic, economic activities of over 90% of the countries have contracted. Significant consequences are borne by the emergin...

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What does Russia-Ukraine conflict mean for world economy?

What does Russia-Ukraine conflict mean for world economy?

In late January 2022, Russian forces were deployed along the Ukrainian border. Till now, the conflict hasn’t been resolved. While the world economy trembles under the effects of the Covid-19 pandemic, Russia’s evasion is just another na...

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US weekly jobless benefit claims surge, housing starts decline

US weekly jobless benefit claims surge, housing starts decline

Highlights US unemployment benefits claims increased by 23,000 in the previous week. In January, homebuilding permits increased by 0.7%, the highest level since May 2006. Home-building permits increased by 0.7% in January, the highest ...

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Economies with record-breaking inflation

Economies with record-breaking inflation

Highlights The Consumer Price Index (CPI) for a large variety of goods and services across most countries is climbing faster than expected. The primary causes for such a high price level are the skyrocketing prices of oil and gas and supply-cha...

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Crude oil hits fresh seven-year high amid Russia-Ukraine tension

Crude oil hits fresh seven-year high amid Russia-Ukraine tension

Highlights Crude oil prices rose on Monday. The comments from the US about a forthcoming attack by Russia on Ukraine have shocked the worldwide financial market. A significant drop in the US crude inventories has also added pressure on the sup...

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How Labor pip Liberals to pass religious discrimination bill       

How Labor pip Liberals to pass religious discrimination bill       

Highlights  The contentious religious discrimination bill was passed by the lower house on Several Liberal MPs crossed the floor against the government to pass the bill. The new version of the bill is moved to the Senate now. After m...

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