Economy

Impact of COVID-19 on Australian property market: Six points to note

Highlights The current property price surge can be attributed to record-low interest rates and favourable grants by the centre and state government...

Spring Statement and Measures for UK Households Explained

Highlights  The UK inflation level has reached a 30-year high of 6.2% in the 12 months to February 2022. Chancellor Rishi Sunak presented his...

Australia Federal Elections 2022: Will Covid wave see Aussies cast t...

Highlights Australia’s 2022 Federal Election is likely to be held in mid-May 2022. Elections approach as the spread of the Omicron BA.2 sub-...

Spring Statement: 5 things Sunak may do to address cost-of-living cr...

Highlights Chancellor of the Exchequer Rishi Sunak is all set to deliver his Spring Statement to the House of Commons on Wednesday amid growing cha...

Why is stagflation back on investors' minds?

Highlights  Many investors are again contemplating if global economies will face stagflation. The commodity shock brewing out of the Russia-U...

P&O Ferries: What’s happening after the firm slashed 800 jobs?

Two days after announcing a major cutting back of jobs, P&O Ferries resumed its services two days after suspending jobs of its 800 crew members wi...

What is Stagflation? How is it different from inflation?

The term “stagflation” is coming up in a lot of discussions lately as the prices are soaring and the Russia-Ukraine war has worsened the a...

What is rent control? Can it help tame Australia's housing crisis?

Highlights Rent control could offer a solution to longstanding affordability concerns seen across the Australian property sector. Rent control pol...

What to expect from the Australian federal budget 2022?

Highlights  Australian federal budget is expected to be announced on 29 March.  The FY22 budget will focus on building the economic stre...

NZ returns to growth in December quarter, GDP up 3%

Highlights  GDP rises 3% in the December quarter The numbers are below economists’ expectations However, they are above RBNZ’s p...

Why Russia-Ukraine war is a threat to global economy?

Highlights The escalating geopolitical tensions seem to be risking the global economy’s recovery from the pandemic. The war has highlighted...

Russia-Ukraine conflict: What are economic costs of a war?

As worrisome events unfurl from the Russia-Ukraine conflict, most individuals are left wondering what the aftermath would bring. The emotional and psy...

US inflation climbs to 7.9%; food, housing become more expensive

Highlights Excluding energy and food costs, consumer prices rose at an annual rate of 6.4% last month. The Russian invasion of Ukraine has turboch...

How Russia-Ukraine conflict could affect Australian consumers

Just as some level of stability was beginning to seep into global economies after the pandemic, nations are once again facing tougher challenges amids...

What should you know about warnings of World War 3?

As the Russia-Ukraine war escalates, tensions arise across the world about whether this can turn into “World War 3”. Russia has been strin...

Why is Business Council against Morrison govt’s anti-trolling bill?

Highlights  The Morrison Government’s anti-trolling bill, which aims to protect Australians from social media trolling, faces stiff oppo...

Biden’s State of Union: Will be first to halve deficit –key takeaway...

Highlights Biden vows to reduce the fiscal deficit to less than half from when he took office by the end of 2022. President Biden acknowledges the...

Will industry-wide sanctions be able to cripple Russian economy?

Highlights Lots of sanctions have been imposed on Russia by several countries like the US, European Union, Australia, and the UK. Economic sanctio...

Russia-Ukraine war impact on Asian economies

Highlights The day Russia invaded Ukraine, stock prices in Asian countries experienced a steep fall. Russia is amongst the largest oil and natural...

Average full-time earnings soared in 2021. Are good days back for Au...

Australia seems to be in the middle of a widespread economic resurgence as major economic indicators have been showing considerable improvement in rec...