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Economy
What to expect as RBA Shuts Down Wage Growth?
October 20, 2021 10:35 PM AEDT| By Daniel Paul JohnsHighlights Reserve Bank of Australia (RBA) has said its unlikely Australian wages will rise in the short-term, despite reports of industry labour shortage The Reserve does not expect the inflation target to be met any time before 2024 due to th.....
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Covid cases surge again: Will there be another lockdown?
October 19, 2021 10:30 PM AEDT| By Priya BhandariHighlights On Monday, new Covid cases reported in the UK were 49,156, highest reported since 17 July this year. The UK government is relying on the success of vaccination programme to avoid imposing fresh restrictions again this winter. &n.....
No changes in RBA’s policies, suggest October meeting minutes
October 19, 2021 06:02 PM AEDT| By Akanksha VashishtHighlights RBA’s meeting minutes started with a focus on the differing speeds of recovery seen across the globe. Australia’s economic developments have reflected the ongoing global occurrences, from the build up of inflationary pres.....
What has caused a dry spell in Australian wine exports?
October 19, 2021 05:28 PM AEDT| By ManishaWhat has caused a dry spell in Australian wine exports? Image source: © Fintastique | Megapixl.comImage description: Wine exports, Australia Highlights Latest figures have highlighted a dreary phase for the Australian wine se...
Will this Christmas bring back the season of joy for Australia?
October 17, 2021 12:50 AM AEDT| By Rini ZachariahHighlights Vaccinations are picking up pace in Australia. Businesses are gearing for the economies opening up and the demand surging during the festive season. Expectations for the September quarter are gloomy, but experts opine recovery to pi.....
Will this Christmas bring back the season of joy for Australia?
October 14, 2021 08:23 PM AEDT| By Rini ZachariahHighlights COVID-19 vaccinations are picking up pace in Australia. Businesses are gearing up for the opening of the economy and the demand is surging during the festive season. Expectations for the September quarter are gloomy, but experts opi.....
Why UK job vacancies reached record highs despite cooling unemployment?
October 14, 2021 05:46 PM AEDT| By Suhita PoddarThe Office for the National Statistics (ONS) reported UK job vacancies touched a record high of nearly 1.2 million in September. The rise came as several sectors are facing staff shortages and are searching for workers to meet the shortfall. The s.....
How about investing in gold right now
October 14, 2021 02:24 PM AEDT| By Rishika RainaHighlights Gold is considered as a stable investment option as compared to the other volatile assets. Gold may not be a good diversifier in case of rising interest rates. Gold prices have a strong inverse relationship with real interest rates,.....
RBA’s Debelle says climate change threatens Australia’s carbon-intensive industries
October 14, 2021 02:20 PM AEDT| By AshishHighlights The transitioning of global economies away from fossil fuel has the potential to threaten businesses in Australia’s carbon-intensive industries, RBA’s deputy governor Guy Debelle said. Debelle said that the likely impacts.....
Know about Australia’s new low-cost airline set for early 2022 launch
October 12, 2021 09:49 AM AEDT| By AshishAustralia is preparing to launch its new low-cost domestic airline, Bonza, in early 2022 amid expectations of a boom in the air travel sector in a post-COVID-19 pandemic world. Backed by Miami-based private investment firm 777 Partners, Bonza is pr.....
Japan set for polls; will it affect Japan-Australia relations?
October 10, 2021 12:22 AM AEDT| By ManishaJapan elected 64-year-old Fumio Kishida as its new prime minister through a parliamentary vote on 4 October 2021. The leader of the ruling Liberal Democratic Party (LDP) and former foreign minister will now be serving as the 100th prime minister of.....
How are businesses handling UK’s rising cost pressures?
October 08, 2021 05:25 PM AEDT| By Suhita PoddarThe UK’s government statistics body, the Office for National Statistics (ONS), has released a business survey result, according to which more and more British companies are increasingly passing on the rise in costs to their customers. About .....
NSW premier remodels reopening plan; sharpens focus on economic recovery
October 08, 2021 12:45 PM AEDT| By ManishaDominic Perrottet, the newly elected premier of New South Wales, has committed to keeping people safe while opening up the economy, and securing recovery. The state government has decided to unlock the state on 11 October 2021, after having achiev.....
COVID-19: Rapid antigen tests gain traction in Australia
October 08, 2021 10:44 AM AEDT| By Furquan MoharkanHighlights The popularity of rapid antigen tests (RATs) is growing in Australia. Victoria will buy 2.2 million RAT kits. United States would fork out US$1 billion (AU$1.4 billion) to buy and subsidise 200 million rapid tests. The clamour .....
Has Brexit affected UK’s passport power?
October 07, 2021 07:17 PM AEDT| By Priya BhandariHighlights Japan and Singapore topped the list of Henley Passport Index that uses data from the international Air Travel Association. The UK secured seventh place with Greece, Malta, the US, and Norway with ability to visit 185 countries. In 2.....
Hong Kong shares lead the Asia Pacific rally
October 07, 2021 06:13 PM AEDT| By Furquan MoharkanThe rally in equities of Asia Pacific region on Thursday was led by shares in Hong Kong – a geographical sub-region that has seen its markets get battered this year despite a global rally. The Hong Kong benchmark, Hang Seng index, was up 2.1.....
Australia’s August trade surplus rises to record high, what was the major driver?
October 06, 2021 01:49 PM AEDT| By AshishHighlights Australia’s trade surplus rose to a record level in August, clearly beating market forecasts. According to Australian Bureau of Statistics (ABS) data, the merchandise trade surplus swelled to AU$15.1 billion (US$11 billion) in .....
Why APRA introduced home loan curbs, raised interest rate benchmark
October 06, 2021 09:52 AM AEDT| By AshishIn a much-anticipated move, the Australian Prudential Regulation Authority on Wednesday raised the minimum interest rate buffer it expects banks to use while evaluating the serviceability of home loan applications to check surging risks in home len.....
How COVID-19 is fast driving Australia towards a cashless society
October 05, 2021 03:34 PM AEDT| By AshishHighlights Australia is expected to become completely cashless in the coming 10 years as the coronavirus pandemic is accelerating the phasing out of physical currency. Of the 25 experts surveyed, more than half (56%) said that the country was a.....
Uncertainty around economic recovery deepens amidst the global supply chain crisis
October 03, 2021 05:00 PM AEDT| By Anam SiddiquiHighlights The rise in demand in the past couple of months has resulted in a global supply chain crisis. The demand for energy, goods, labour and transportation has surged significantly across several economies. The energy crisis h.....
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