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Economy
Australia Pension Centrelink - 5 critical facts to notice now
March 14, 2022 07:59 PM AEDT| By Akanksha VashishtWith rising inflation becoming a persisting reality, Centrelink payments are expected to rise again for millions of Australians. Australians have been promised a cash boost from March 20 onwards to blow off some pressures created by rising prices. .....
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How will a cut in fuel taxes impact Kiwis amid Russia-Ukraine war?
March 14, 2022 07:27 PM AEDT| By SonalHighlights The NZ government will slash fuel taxes by 25 cents per litre from Monday midnight. The Government will also cut public transport fares by 50% from 1 April. Ardern has planned a gradual phase-down of petrol prices in NZ in lin.....
Why Russia-Ukraine war is a threat to global economy?
March 14, 2022 03:47 PM AEDT| By Akanksha VashishtHighlights The escalating geopolitical tensions seem to be risking the global economy’s recovery from the pandemic. The war has highlighted the nations’ increased dependence on exports of food items and raw materials. Many car comp.....
Will global supply chain woes end soon?
March 13, 2022 12:49 AM AEDT| By Toshiva JainHighlights China is a significant exporter of cotton, and because of its restricted supply from pandemic and labour-oriented reasons, clothing is getting expensive. Due to the Russia and Ukraine crisis, the price level for wheat, corn, and oil .....
What are some challenges BRICS countries face amid Russia-Ukraine war?
March 13, 2022 12:11 AM AEDT| By Sundeep RadeshBRICS – Brazil, Russia, India, China and South Africa – may be characterized as that combination of newly industrialized countries and powers, that may be too significant to be ignored by the West. They account for a combined total of n.....
Russia-Ukraine conflict: What are economic costs of a war?
March 12, 2022 01:06 AM AEDT| By Akanksha VashishtAs worrisome events unfurl from the Russia-Ukraine conflict, most individuals are left wondering what the aftermath would bring. The emotional and psychological torment caused by wars is hard to compute and is often neglected by those who are respo.....
Federal Budget 2022-23: Key talking points that should be on agenda
March 12, 2022 12:51 AM AEDT| By AshishHighlights The Australian government has announced that this year’s budget will be presented on 29 March. The budget will be tabled earlier than usual on account of upcoming federal elections, which are likely to happen in May. Sev.....
US inflation climbs to 7.9%; food, housing become more expensive
March 11, 2022 08:57 AM AEDT| By Sanjeeb BaruahHighlights Excluding energy and food costs, consumer prices rose at an annual rate of 6.4% last month. The Russian invasion of Ukraine has turbocharged the prices of oil, wheat, and precious metals. Fed Chair Jerome Powell said last week that .....
Will NZ economy be insulated from impact of Ukraine war?
March 10, 2022 03:48 PM AEDT| By ManikaHighlights NZ is not a big trading partner with Russia or Ukraine. Its greatest impact will be because of oil price hikes. Commodity price increases may help the Kiwi dollar. New Zealand is a minor trading partner for Russia and Ukraine, .....
Petrol prices set to cross AU$2/litre as crude prices jump amid Russia-Ukraine war
March 09, 2022 04:43 PM AEDT| By SamtaHighlights Petrol prices in Australia are anticipated to exceed AU$2 per litre mark amid conflict between Ukraine and Russia. The US President Joe Biden has announced an immediate ban over Russian crude imports amid the ongoing war between Russ.....
Australia’s consumer sentiment weakens in March, reveals Westpac survey
March 09, 2022 03:09 PM AEDT| By Akanksha VashishtHighlights The Westpac-Melbourne Institute Index of Consumer Sentiment dropped below the 100-level mark in March. The decline in consumer confidence was driven by increased inflationary pressures and the Russia-Ukraine conflict. Labour market .....
How Russia-Ukraine conflict could affect Australian consumers
March 08, 2022 07:50 PM AEDT| By Akanksha VashishtJust as some level of stability was beginning to seep into global economies after the pandemic, nations are once again facing tougher challenges amidst the Russia-Ukraine war. For an average consumer, the events escalating in Ukraine might have mo.....
Do you know how wars impact interest rates?
March 08, 2022 04:23 PM AEDT| By Akanksha VashishtHighlights Russia’s actions have prompted many nations to change their existing policy setup, including a rise in interest rates. The cost of interest payments accumulates even after the war has ended, potentially increasing the debt leve.....
Australia sees strong business conditions and confidence in February, reveals NAB
March 08, 2022 03:00 PM AEDT| By Akanksha VashishtHighlights NAB’s latest monthly business survey revealed that business conditions and confidence improved during February. Almost all states except Western Australia showed an incline in business conditions. Retail price inflation surged.....
Commerce Commission’s final report says competition muted in NZ grocery sector
March 08, 2022 01:52 PM AEDT| By ManikaHighlights Competition Commission submits its final report Says Competition is muted in the grocery sector Duopoly holds 80% of the marketshare Competition Commission submitted its final report on supermarkets today. The competition watch.....
New Zealand placed on Russia’s ‘unfriendly’ countries list
March 08, 2022 01:28 PM AEDT| By SonalRussia has approved a list of unfriendly countries and has imposed sanctions against that country as Russia invades Ukraine. The list includes New Zealand, the US, the UK and many other nations, as per a Russian media outlet. Russian citizens, Russi...
NZ Transport services face impact amid Omicron wave
March 07, 2022 01:29 PM AEDT| By SonalSeveral service operators are battling to function amid soaring Omicron infections in the country. Moreover, nearly 90 staff from Metlink, the entity that oversees Wellington’s trains, buses and ferry services, had been down with COVID-19. Onl...
What should you know about warnings of World War 3?
March 06, 2022 03:09 PM AEDT| By Toshiva JainAs the Russia-Ukraine war escalates, tensions arise across the world about whether this can turn into “World War 3”. Russia has been stringently invading Ukraine; despite assertions from the US, the UK the EU, and other nations. So, wou.....
From Brooke Roberts to Tiffany Jeans, 5 NZ women entrepreneurs changing perception
March 05, 2022 06:00 AM AEDT| By ManikaHighlights Kiwiland boasts many successful NZ women business leaders who have defied all the odds to run some of the most famous businesses across the country. Renowned investing platform, Sharesies, and sustainable beauty brand, Ethique, are t.....
Why is Business Council against Morrison govt’s anti-trolling bill?
March 04, 2022 08:41 PM AEDT| By Priyanka PayalHighlights The Morrison Government’s anti-trolling bill, which aims to protect Australians from social media trolling, faces stiff opposition from the Business Council of Australia. The bill negates the decision of the High Court in.....
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