Economy
Is Australia facing demand-pull or cost-push inflation?
January 28, 2022 06:14 PM AEDT| By Akanksha VashishtHighlights It seems imperative to examine the root cause of existing inflation in Australia. Australia’s inflationary pressures can be attributed to both demand-side and supply-side forces. Experts are now anticipating an interest rate h.....
Should global markets worry over Fed’s interest rate plans?
January 27, 2022 09:18 PM AEDT| By DaminiHighlights The US Fed intends to increase interest rates in the coming months amid strong labour market conditions and high inflation. As rate hike fears are looming, investors are no longer considering equities as a hedge against inflation. N.....
Trends that will lead global tech space in 2022 and beyond
January 26, 2022 07:00 AM AEDT| By ManishaHighlights The world is moving fast towards absolute digitalisation. Tech developments and innovations have become more critical to the business and everyday life of much of the population far and wide. There are some tech trends, such as 5G, .....
Morrison's WeChat account hack: Should Australia ban Chinese apps?
January 25, 2022 02:41 PM AEDT| By ManishaHighlights Morrison’s social media account on WeChat has been compromised through unauthorised access. The account was hacked, renamed "Australian Chinese new life" and the account picture was deleted. The act is being seen as an act of .....
Australia records another quarter of high inflation
January 25, 2022 01:14 PM AEDT| By DaminiHighlights The Consumer Price Index (CPI) surged 1.3 per cent in the December 2021 quarter. Annual price inflation of goods was the highest since 2008 in the December quarter. New dwelling purchases and automotive fuel primarily contributed to.....
Online Safety Bill: 7 points to note
January 24, 2022 11:29 PM AEDT| By Priya BhandariHighlights The Online Safety Bill is a proposed Act in the United Kingdom to enhance the safety net around internet. The Digital, Culture, Media, and Sport Committee (DCMS) said the bill is clear on various grounds. A group of MPs has wa.....
Omicron impact: Private sector activity contracts in Australia
January 24, 2022 09:38 PM AEDT| By Akanksha VashishtHighlights Amid rising cases of coronavirus, private sector activity shrank in Australia in January 2022. Australia’s composite PMI declined to 45.3 in January 2022. Input price inflation in Australia continued the climb to a new survey .....
Are global markets headed towards a crash in 2022?
January 24, 2022 09:01 PM AEDT| By AayushHighlights A superbubble is created when prices of several asset classes go through the roof simultaneously. Finally, the time has come for central banks around the world to start tightening the monetary supply. The Dow Jones is down 6.34% for.....
What to expect from December 2021 quarter inflation data
January 24, 2022 05:13 PM AEDT| By Akanksha VashishtHighlights The fiscal and monetary stimulus provided during the pandemic has created an environment shaped by rising prices. Rising employment in Australia is somehow fuelling inflationary concerns. In case inflation continues to rise, the RBA.....
Is the Australian economy on the brink of hyperinflation?
January 24, 2022 02:03 PM AEDT| By Akanksha VashishtIn the COVID-19 era, experts have time and again highlighted the difficulties attached to rising price levels across the globe. Concerns of rising inflation emerged as most economies, including Australia, tried to revive from the economic slump tri.....
Trends that will redesign small business in 2022
January 23, 2022 12:22 AM AEDT| By Toshiva JainHighlights As the pandemic entered our lives almost two years back, the entire paradigm of the business world changed. The already dynamic business world has become more fragile due to the pandemic. Additionally, with spaces like Metaverse, se.....
Has the Australian property market reached its peak?
January 21, 2022 01:54 PM AEDT| By DaminiAfter steadily increasing for several months in a row, the Australian property prices have begun to show some signs of a slowdown amid improving supply dynamics. Interestingly, the house price growth in Australia was the slowest since January 2021 .....
How would inflation further affect sectors? 5 pointers to note
January 20, 2022 09:04 PM AEDT| By Priya BhandariThe inflation rate of the UK surged unexpectedly to 5.4% in December up from November’s 5.1%, since its highest in 1992, enhancing pressure on the household sector and on the Bank of England to raise interest rate again. The sharp rise in inf.....
Behind tall electioneering claims: Are Aussies getting the economy as promised?
January 20, 2022 05:49 PM AEDT| By Akanksha VashishtHighlights The Australian economy saw many feats at a time when the economy was still majorly under lockdown. During the pandemic, stimulus measures were put in place at the cost of rising government debt. Consumer confidence in the country ha.....
Good news for Aussies, jobless rate dips to 13-year low
January 20, 2022 02:26 PM AEDT| By Akanksha VashishtHighlights Australia observed a large increase in employment in December 2021, says ABS. The unemployment rate fell to 4.2% last month. Easing restrictions and a subsequent rise in vaccination rates brought much of the lost labour back into th.....
UK inflation surges to a 30-year high level: What to expect now?
January 20, 2022 01:06 AM AEDT| By Sreenivas D AjankarConsumer Price Index (CPI) inflation in the United Kingdom jumped to 5.4% in the final month of 2021. Britain’s inflation rate rose to the highest level in the last 30 years, as per the official figures released by the Office for National Sta.....
Has Australian economy begun to show impact of Omicron variant?
January 19, 2022 06:55 PM AEDT| By Akanksha VashishtHighlights Australia saw increased consumer spending pumping large sums of money into the economy last year. Aussies have embraced self-imposed restrictions amid growing fears surrounding the new variant. The latest payroll jobs and consumer s.....
Is Australia approaching Lewis turning point? How to tackle it?
January 19, 2022 05:03 PM AEDT| By Akanksha VashishtThe field of economics is full of interesting concepts and ideas, which help understand the performance of financial and other markets. Those keeping up with the economic concepts might be familiar with the theory conceptualised by Sir Arthur Lewis.....
Why Australia witnessed spike in international travel towards 2021 end
January 18, 2022 03:55 PM AEDT| By Akanksha VashishtHighlights The festive spirit resulted in booming international travel towards the end of 2021, as per the data released by the Australian Bureau of Statistics. International travel is still significantly lower than pre-pandemic levels, which w.....
How fintechs are disrupting Australia’s traditional mortgage business
January 18, 2022 03:26 PM AEDT| By AshishHighlights Fintech companies have started to pose serious challenges to traditional mortgage firms. The younger lot is now more open than ever in carrying out its banking activity online. Australia’s fintech industry has recently attract.....
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