Economy

Omicron’s spread: How severely can it impact global recovery?

 Omicron’s spread: How severely can it impact global recovery?

Highlights  The new variant of coronavirus, Omicron, has caused a lot of fear and concern amongst investors worldwide. Many countries have started to put a travel ban on flights originating from African countries to curb the spread of ...

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COVID-19 upturn stalls reopening of Australia’s travel bubble with New Zealand

COVID-19 upturn stalls reopening of Australia’s travel bubble with New Zealand

The reopening of Australia NZ travel bubble has received another setback after New Zealand’s Minister for COVID-19 Response Chris Hipkins brushed off the possibility of resuming quarantine-free travel bubble with Australia in the near future....

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Proportion of payments made using banknotes is declining: RBA

Proportion of payments made using banknotes is declining: RBA

Highlights  During the Coronavirus pandemic, the Reserve Bank of Australia highlighted a significant shift to contactless and mobile payments by merchants and consumers. The RBA maintained that the proportion of payments made using banknot...

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On the runway to Q3 results

On the runway to Q3 results

Highlights  At the end of July, the 2Q GDP data was announced. ABC has also announced the performance of critical variables like retail sales, employment data and loan commitment data. The numbers paint a flimsy picture overall but there ...

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Wetherspoons joins the list of firms hit by supply chain crisis in UK

Wetherspoons joins the list of firms hit by supply chain crisis in UK

Wetherspoons on Wednesday joined the list of effected firsm as it reported that its Carding and Coors beers are the latest casualty of the supply chain crisis as most pubs are not receiving deliveries. Its brewers, Molson Coors, said that the suppl...

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Asia Pacific markets close in green

Asia Pacific markets close in green

Highlights Most APAC markets began the week on a positive note. Australia recorded an unprecedented surge in fresh COVID-19 cases. Investors are keeping track of Meituan results. Asia Pacific shares on Monday closed mostly in the green, w...

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Asia Pacific markets mixed; all eyes on Powell’s Jackson Hole speech

Asia Pacific markets mixed; all eyes on Powell’s Jackson Hole speech

Asia-Pacific shares were trading mixed on Friday as investors remained guarded ahead of the Federal Reserve’s annual Jackson Hole symposium where Fed Chair Jerome Powell will be speaking. In Australia, the benchmark ASX200 pared early losses o...

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How many international airlines are still flying to Australia?

How many international airlines are still flying to Australia?

  • August 25, 2021 07:54 PM PDT
  • Ashish

Even as the international borders remained closed for passengers for the last many months, a few airlines flew in and out of Australia, benefitting from quarantine-free travel corridors and specially organised repatriation flights. More airlines a...

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APAC markets start the week on a high, major indices surge 2%

APAC markets start the week on a high, major indices surge 2%

Equity markets in the Asia Pacific (APAC) region were rallying on Monday morning after the Hong Kong markets bounced back from last week’s bearish trend. By Monday afternoon, the benchmark Hang Seng Index of Hong Kong was trading 1.78% higher,...

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The week ahead: Key economic events to watch

The week ahead: Key economic events to watch

Highlights The recent wave of the Delta variant has posed a significant roadblock in the path to global economic recovery. The key economic announcements lined up ahead would provide better insight into how world leaders are planning to fight t...

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Afterpay Day 2021: Check out the best fashion and tech deals

Afterpay Day 2021: Check out the best fashion and tech deals

  • August 18, 2021 11:31 PM PDT
  • Ashish

Highlights Afterpay is back with its sale event, which occurs twice a year. The four-day Afterpay sale, which began at 7 AM (AEST) on 19 August, is offering discounts as high as 70% on popular brands. Major deals are spread across fashion, bea...

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