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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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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Rising shipping costs affecting UK businesses

Rising shipping costs affecting UK businesses

Highlights  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...

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Can China’s zero-Covid curbs hurt global growth?

Can China’s zero-Covid curbs hurt global growth?

Like 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...

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US investors switch to dividend funds, dump bonds

US investors switch to dividend funds, dump bonds

US 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...

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Consumer spending down due to Omicron, but things are looking positive

Consumer spending down due to Omicron, but things are looking positive

Highlights 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...

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US renews calls on China to fulfil Trump-era trade commitments

US renews calls on China to fulfil Trump-era trade commitments

US officials on Monday renewed calls on China to fulfill its promises made in a trade pact with than Trump administration to buy US$200 billion worth of American goods, Reuters reported. The officials asked China to take "concrete action" to meet ...

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US employers add 467,000 jobs in January, jobless rate steady at 4%

US employers add 467,000 jobs in January, jobless rate steady at 4%

Highlights 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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Cost of living crisis: Bank of England expected to hike interest rates

Cost of living crisis: Bank of England expected to hike interest rates

Highlights Britons and economists are expecting the Bank of England’s Monetary Policy Committee (MPC) to hike interest rates again on Thursday to curb the pressure of surging inflation. Energy regulator Ofgem has said that the energy pric...

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Australia seeks to join EU's trade row talks against China

Australia seeks to join EU's trade row talks against China

Trade Minister Dan Tehan said on Saturday that Australia will seek to join the World Trade Organisation (WTO) talks over a trade dispute between China and the European Union (EU). On Thursday (January 27, 2022), China was accused by the EU of foll...

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