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Rising shipping costs affecting UK businesses
February 12, 2022 12:15 AM AEDT| By Priya BhandariHighlights Labour shortages, Covid restrictions, and strain on logistics networks led to a rise in shipping costs and significantly lengthened delivery times. The widespread disruption in the supply chain has affected the UK and other eco.....
Can China’s zero-Covid curbs hurt global growth?
February 11, 2022 07:06 PM AEDT| By Toshiva JainLike many other nations like Australia and New Zealand, China adapted the “zero-Covid” policy as the deadly COVID-19 pandemic entered our lives. However, most countries suspended the policy and moved ahead with the upliftment of restric.....
How can housing become more affordable in Australia?
February 11, 2022 06:35 PM AEDT| By Akanksha VashishtHighlights Over the past few decades, the number of Australians owning a home has declined swiftly. While increasing the supply of housing is a long-term task, it is the need of the hour for the property market. A combination of measures is re.....
RBA Governor: Outlook for inflation and wages remains uncertain
February 11, 2022 02:40 PM AEDT| By Akanksha VashishtHighlights As per RBA Governor Philip Lowe, Australia’s GDP growth surged to about 5% over 2021. Job vacancies have been going strong in Australia since the end of 2021. A high inflation rate could prompt a sooner interest rate hike by t.....
Australia to reopen borders - things to look out for!
February 10, 2022 07:29 PM AEDT| By Toshiva JainHighlights From February 21, fully vaccinated international tourists will be welcomed in Australia as borders reopen. According to the government body of Tourism Research Australia, the total loss that tourism incurred in the country since the .....
Is an interest rate hike necessary to control Australia’s property boom?
February 10, 2022 06:37 PM AEDT| By DaminiThe Australian property prices have been going haywire for about one and a half years now, with policymakers embracing different measures to control house price inflation. The methods adopted to prevent the house price boom have not been able to yi.....
ABS: Payroll jobs pick up in January, but at a slower pace
February 10, 2022 02:17 PM AEDT| By Akanksha VashishtHighlights As per the Australian Bureau of Statistics, payroll jobs rose in the fortnight leading up to 15 January 2022. The rise in the first two weeks of January came after a steep drop in payroll jobs seen during December 2021 end. Payroll .....
US investors switch to dividend funds, dump bonds
February 10, 2022 06:18 AM AEDT| By Sanjeeb BaruahUS investors are picking up dividend funds as they seek an alternative to the bond market amid rate fears, Reuters reported. The market worries have deepened, fuelled by record-high inflation. Economists expect the latest CPI data due later this w.....
What’s causing inflation globally?
February 09, 2022 06:54 PM AEDT| By Toshiva JainHighlights According to the International Monetary Fund (IMF), global growth might moderate from 5.9% in 2021 to 4.4% in 2022. Elevated inflation is likely to persist, with ongoing supply chain disruptions and high energy prices continuing in 2.....
Three ways border reopening can lift Australian economy
February 09, 2022 06:50 PM AEDT| By Akanksha VashishtHighlights Australia will allow foreign visitors to travel to the country from 21 February onwards. The reopening of international borders is set to open fresh set of opportunities for the battered aviation and hospitality industries. A cappin.....
Inflation on the rise, five sectors to watch out for
February 09, 2022 03:37 PM AEDT| By Akanksha VashishtHighlights Annual consumer prices surged by 3.5% in December 2021 in Australia. Rising inflation impacts several sectors differently, with some actually benefitting from a price hike. The real estate market is not impacted immediately by chang.....
Australia sees deterioration in consumer sentiment amid high inflation
February 09, 2022 02:24 PM AEDT| By Akanksha VashishtHighlights The Westpac-Melbourne Institute consumer sentiment index stood at 100.8 points in February. The rise in supply-chain disruptions had a negative impact on the overall outlook for consumers and businesses. The report suggests that one.....
Consumer spending down due to Omicron, but things are looking positive
February 08, 2022 08:33 PM AEDT| By Sukriti NairHighlights Omicron has caused significant decline in household spending. Inflation and higher labour costs have impacted business conditions in Australia. Economists believe the impact of Omicron is lesser in comparison to previous COVID-19 va.....
Is the Australian property market boom here to stay?
February 08, 2022 05:55 PM AEDT| By Akanksha VashishtHighlights National home values have continued to surge in Australia since the onset of the pandemic. Property prices may observe a decline this year in case the central bank embraces a rate hike. Increased supply of housing and weaker demand .....
Business conditions deteriorate but confidence jumps in January, says NAB
February 08, 2022 04:03 PM AEDT| By Akanksha VashishtHighlights Australia saw deteriorating business conditions in January due to the Omicron wave. Staff shortages and consumer caution impacted business conditions amid rising virus cases. However, business confidence has managed to exhibit an up.....
Kiwis fret as fuel prices reach $3 per litre
February 08, 2022 02:07 PM AEDT| By ManikaHighlights Fuel price increase to cause additional burden on Kiwis’ pockets The Government says that it is due to an increase in Brent Crude. With fuel prices rising, Kiwis are feeling pressure on their household budgets. According t.....
Three green shoots gleaming in the Australian travel industry
February 07, 2022 09:53 PM AEDT| By Akanksha VashishtHighlights The Australian travel industry is yet to return to its pre-pandemic state. Australia has now planned to reopen its international border to tourists starting 21 February 2022. Aussies can now plan a trip to Bali as Indonesia opens it.....
Why are first-time homebuyers fuming at Australia’s property boom?
February 07, 2022 07:38 PM AEDT| By Akanksha VashishtHousing demand remained at an all-time high throughout the previous year, backed by record-low interest rates. The rebounding demand has been fuelling property prices, leaving behind a large section of buyers struggling to enter the market. In fact.....
Thanks to lockdown recovery, Australia records robust retail sales in Dec 2021 quarter
February 07, 2022 03:14 PM AEDT| By Akanksha VashishtHighlights Australians utilised their savings to ease their pent-up demand during the December 2021 quarter. Clothing, footwear, and accessories recorded the largest jump in retail sales during the quarter. The December quarter fared well as c.....
US employers add 467,000 jobs in January, jobless rate steady at 4%
February 06, 2022 03:36 PM AEDT| By Team Kalkine MediaHighlights While hirings and steady wage gains boosted consumer spending, inflation remained a concern. The strong January hirings showed employers are keen to employ even as the pandemic raged. The Fed is considering raising the interest rate.....
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