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Economy
Is NZ’s Budget 2022 going to be a `Well-Being’ one?
May 18, 2022 12:50 PM AEST| By ManikaHighlights The NZ Federal Budget for 2022 has been positioned as a `Well-Being’ Budget The Finance Minister faces a tough challenge to bring together a Budget when inflation is at a new high Due to many challenges, the FM will have to do.....
RBA minutes: What is central bank’s stance on future interest rate hikes?
May 17, 2022 03:08 PM AEST| By Akanksha VashishtHighlights The RBA has recently released the monetary policy minutes for its May meeting. The central bank raised the cash rate by 25 basis points to 0.35% in the monetary policy meeting. The labour market provides much-required strength to th.....
Why has wage hike become a hot topic ahead of Australian election?
May 17, 2022 01:46 PM AEST| By Akanksha VashishtHighlights Wages are a highly influential aspect during elections, prompting most leaders to advocate for a hike in wages. PM Scott Morrison’s latest statement that a decent wage hike could be harmful to the domestic economy has sparked v.....
How do US inflation figures impact Australians?
May 17, 2022 01:42 PM AEST| By Akanksha VashishtHighlights Australians face threat of rising inflation in the US, much like many economies. US dollar is a threshold currency for many countries, which cements its power in the global economy. Imports from the US would get more expensive, and .....
How deep is Australia's rental crisis? Will it have an impact on elections?
May 17, 2022 12:04 PM AEST| By Akanksha VashishtHighlights With soaring house prices, many homebuyers are not able to finance their ideal house. The ABS data showed that rents across Sydney and Melbourne rose marginally in the March 2022 quarter. Campaigning parties have promised funds to b.....
Why are millions of Aussies voting before election day?
May 16, 2022 04:29 PM AEST| By Manishagovernment. The 2022 federal election is scheduled for Saturday, 21 May 2022. But are you worried about your unavailability to cast your vote on the election day? The Australian Electoral Commission (AEC) has a way out as Australians have an opt...
Unravelling the role of women in making Aussie fashion industry a success
May 15, 2022 12:20 AM AEST| By Manishaal economy. We often discuss how fashion brings about a transformational change in women’s outlook, but what is not talked about is how women are pulling the strings in making the fashion industry successful. Women are at the heart of Aust...
What are the challenges facing Australia’s medical workforce crisis?
May 15, 2022 12:00 AM AEST| By Aditi SarkarHighlights The COVID-19 pandemic has accentuated the Australian healthcare workforce crisis. Go8 has urged that the upcoming government must bolster the medical workforce of Australia Australia requires at least an additional 1,000 domestic gr...
Political unrest in Sri Lanka amid rising economic turmoil
May 14, 2022 12:00 AM AEST| By Toshiva JainHighlights Several economists have said that the main problem behind Sri Lanka’s current situation is economic mismanagement. Hundreds have been injured in protests; few have even died including a ruling party MP. After Mahinda Rajapaksa...
What is in store for Australian housing market in 2022?
May 13, 2022 07:00 PM AEST| By Akanksha VashishtHighlights Australians might be looking at a gradual cooldown of the real estate market, owing to an interest rate hike and a demand slowdown. The threat of rising interest repayments is enough to keep many buyers off the property market. The...
Budget 2022: FM Robertson stresses health, low-emissions economy as priorities
May 12, 2022 01:51 PM AEST| By ManikaHighlights Grant Robertson delivered another pre-Budget speech to the Wellington Chamber of Commerce He underlined healthcare, high wage, and a low-emissions economy as priorities Defends spending even if inflation touches a 7% mark .....
Will petrol prices hit AU$2 a litre again? Why are Aussie petrol prices soaring?
May 11, 2022 04:07 PM AEST| By Akanksha VashishtHighlights A fuel price hike seems to have virtually nullified the excise cut offered by the government, pushing motorists into peril. Many states have observed a larger spike in fuel prices than others due to the varying underlying costs of pr...
What is wage inflation and how is it different from consumer price inflation?
May 11, 2022 11:20 AM AEST| By ManikaHighlights: Wage inflation is an increase in wages and salaries due to shortages of labour New Zealand’s annual wage inflation has hit 3.0% This was 2.6% in December 2021 It is interesting that economists are worried about wage infl.....
Will rising power bills impact Morrison Govt's re-election bid?
May 10, 2022 05:36 PM AEST| By Akanksha VashishtHighlights The present government has seen a bevy of challenges ahead of the election campaign. Concerns loom that rising power bills could potentially affect consumers’ voting decisions. Despite what the political leaders claim, many ex.....
Why Australian bond yields are scaling new heights
May 10, 2022 05:13 PM AEST| By AayushHighlights Yields on the Australian benchmark 10-year bond have risen above 3.5%, as of 10 May 2022. The US Fed has hiked the interest rates by 50 basis points, which spooked the markets across the globe. Based on a few surveys, the cash rate .....
ANZ, NAB and CBA release key economic data; know more
May 10, 2022 02:29 PM AEST| By Akanksha VashishtHighlights The big four banks have released key economic data for April, which was marked with rate hike expectations. The ANZ-Roy Morgan consumer confidence dipped slightly, while NAB monthly business survey showed an optimistic scenario. The.....
How Australian Fashion Trademark will guide growth in national economy
May 10, 2022 12:00 PM AEST| By ManishaHighlights: The Australian Fashion Council has officially rolled out Australian Fashion Trademark. The Australian Fashion™ will give an identity to the innovative work of art from Australia’s fashion & textile industry. Four po.....
Morrison-Albanese debate: key takeaways for markets
May 10, 2022 10:22 AM AEST| By Toshiva JainHighlights: Anthony Albanese said his labour party would focus on increasing wages to combat rising prices. Significant issues such as First Nations Policy and Aboriginal and Torres Strait Islander people have not been yet discussed. Scott Mor.....
How is Australian job market faring?
May 09, 2022 04:25 PM AEST| By Toshiva Jaination days. The current stance of the Australian job market has grabbed all eyes. There has been a significant increase in the number of jobs available in Australia. The unemployment rate has been declining over recent months to 4% and labour f...
Federal Election 2022: Healthcare needs and promises
May 09, 2022 03:01 PM AEST| By Aditi SarkarHighlights Promises of major parties regarding the health policy have been in the limelight The aged care sector calls for a workforce partnership supplement Pharmacy Guild is delighted by the commitment made by both major parties to make medi.....
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