Economy

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...

Can Russia’s attack on Ukraine impact Canada's economy & trade?

People around the world have woken up to the news of Russian President Vladimir Putin ordering a “full-scale invasion” of Ukraine —...

Decoding the World Development Report 2022

Highlights The World Bank affirmed the significance of corrected financial measures for an equitable recovery. In the pandemic, economic activitie...

What does Russia-Ukraine conflict mean for world economy?

In late January 2022, Russian forces were deployed along the Ukrainian border. Till now, the conflict hasn’t been resolved. While the world econ...

Economies with record-breaking inflation

Highlights The Consumer Price Index (CPI) for a large variety of goods and services across most countries is climbing faster than expected. The pr...

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 fi...

UK economy recovers from pandemic blues, Omicron impacts December gr...

Highlights  The UK economy recorded a GDP growth of 7.5% in 2021 after a drastic fall of 9.4% in 2020. The UK’s GDP has gone up by 1% i...

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...

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 lengthene...

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...

Consumer spending down due to Omicron, but things are looking positi...

Highlights Omicron has caused significant decline in household spending. Inflation and higher labour costs have impacted business conditions in Au...

Cost of living crisis: Bank of England expected to hike interest rat...

Highlights Britons and economists are expecting the Bank of England’s Monetary Policy Committee (MPC) to hike interest rates again on Thursda...

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...