Economy

After no-confidence vote, Boris Johnson pledges to focus on UK's eco...

Highlights Prime Minister Boris Johnson on Monday won a no-confidence vote by a narrow margin. He now faces political uncertainty as 41% of his o...

Sunak announces £21bn cost-of-living support package. Is it enough?

Highlights Chancellor Rishi Sunak has announced a £15 billion cost-of-living package for struggling UK households. The Treasure will also gi...

Why is China moving against the tide in terms of interest rate chang...

Highlights China’s government has initiated country-wide lockdowns as rising COVID cases spark concerns. Lockdowns across the country have...

What is windfall tax? Will it affect soaring energy prices?

Highlights Amid the growing demand for a windfall tax, UK PM Boris Johnson declined to rule out the one-off levy. Labour expects that the windfall...

Political unrest in Sri Lanka amid rising economic turmoil

Highlights Several economists have said that the main problem behind Sri Lanka’s current situation is economic mismanagement. Hundreds hav...

Is the UK economy heading towards recession? 4 points to note

Highlights Lifting the interest rate yet again, the Bank of England has warned that the UK economy might be headed towards a recession. As per the...

Explained: How Russian economy is holding on despite heavy sanctions

Highlights: Despite geo-political turmoil and heavy sanctions, Russia picked up its exports in April. Most of Western European and other countries...

Three top hedges to shield your portfolio against inflation

Since the beginning of 2022, inflation worries have been mounting globally. The US recently recorded a 40-year high inflation while for New Zealand as...

Five ways to prepare for interest rate hikes

As an interest rate hike decision by the Reserve Bank of Australia (RBA) approaches closer, loan holders need to be prepared to part ways from a consi...

5 recent developments you may want to know about the UK economy

Highlights Retail and manufacturing costs have been soaring lately in the UK, resulting in higher prices for customers. Labour has recently warned...

Is UK staring at a food crisis in the coming months?

HIGHLIGHTS World Bank president David Malpass has said the world is facing a 'human catastrophe' from the food crisis. Food prices in the UK climb...

Boris Johnson, Rishi Sunak fined for violating lockdown rules at No...

Highlights PM Johnson, his wife Carrie, and Chancellor Sunak received Fixed Penalty Notices from the Met police for breaching COVID-19 lockdown rul...

Over 250 million people could face extreme poverty by 2022-end

Highlights Oxfam, an organization, concentrating on the alleviation of global poverty, has said that high food prices, combined with inequality, CO...

UK economic growth slows down to 0.1% in February: Tougher times ahe...

Britain's Gross Domestic Product grew by just 0.1% in February, a significant reduction from 0.8% in January, data from the Office for National Statis...

What is the current state of inflation in OECD area?

Highlights The OECD has recently released the consumer price index report for February 2022. Consumer prices rose significantly in February in the...

Why are Australia’s housing growth rates losing momentum?

Highlights Housing prices in Sydney and Melbourne have started to decline, leading to speculations that the property market is losing momentum. Th...

Australia Budget 2022-23: Paid Parental leave to support new dads

Highlights The Paid Parental Leave (PPL) would see some major changes as per the latest budget announcement. The Paid Parental Leave can be taken...

Australian retail sales in February 2022: Three points to notice now

Retail sales data is a gauge of consumer confidence and the overall robustness of the economy. The past two years are a testament to the fact that the...

Australia budget 2022-23 to offer petrol price relief & support firs...

Highlights The federal budget, due Tuesday, is expected to include a fuel excise cut for Australians. The budget is expected to focus on eas...

When was the last housing market crash in Australia?

The Australian housing market has been subject to many ups and downs in the recent past. The record-low interest rates have brewed an environment of w...