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Economy
How supply chain meltdown can affect your Christmas feast
November 22, 2021 10:44 PM AEDT| By Priya BhandariHighlights The UK’s supply chain crisis is causing shortage of products in supermarkets and rising inflation with warnings of shortages of everything for the Yuletide toast. Britons have started shopping and preparations for Christm.....
Japan mulls US request to use gas stockpiles, rations in BC after flood
November 21, 2021 05:09 PM AEDT| By Sundeep RadeshHighlights Japan is considering tapping into its gas stockpiles after US’ request to India, Japan and China Under Japan’s law, it’s illegal to use reserves to lower prices British Columbia hit with gas rations after flo.....
Will Biden’s US$1 tr new infra law impact crypto market?
November 17, 2021 07:46 AM AEDT| By Ipsita SarkarPresident Joe Biden signed a US$1.2 trillion bipartisan infrastructure bill into law on Monday after more than a year of discussions with lawmakers. Besides improving the infrastructure, it is expected to spur economic growth and create jobs. Of .....
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Glasgow summit: COP26 climate pact in a nutshell
November 16, 2021 09:25 PM AEDT| By Rishika RainaAfter being overrun by a day, Saturday bought an end to the COP 26 UN Climate Change Conference hosted by the UK in Glasgow. Government representatives, negotiators, businesses, and citizens from all over the world came together at the summit .....
Will 2022 be a normal year for world economy?
November 16, 2021 05:38 PM AEDT| By Toshiva JainThe present world economy is looming as several market changes are taking place around the globe. Be it the energy crisis, or the fall of China’s property market or the high inflation in most economies; economists are in an acute situation to.....
How banks can prepare for crypto transformation
November 14, 2021 12:57 AM AEDT| By Versha JainHighlights Banks can’t stay away from cryptocurrencies any longer due to the growing customer demand. Financial organizations must update their systems for crypto transactions. Volatility in the cryptocurrency market will be a major cha.....
US inflation hits 30-year high; CPI climbs 6.2%
November 11, 2021 10:41 AM AEDT| By Versha JainHighlights US inflation hit a 30-year high in October, the latest Labor Department data showed. The US Consumer Price Index (CPI) rose at an annualized rate of 6.2% YoY in October, the highest since 1990. The short-term US government bond yiel.....
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How global banks can help in controlling greenhouse gas emissions
November 04, 2021 01:22 AM AEDT| By Rishika RainaAmid the ongoing COP26 UN Climate Change Conference being hosted by the UK , hundreds of the biggest banks and pension funds across the globe have come together to mitigate the greenhouse gas emissions with financial assets worth US .....
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95% mortgage: All you need to know
November 03, 2021 11:09 PM AEDT| By Priya BhandariHighlights A 95% mortgage refers to Loan-to-value (LTV) of owning a house, 95% of the house price will be covered by a mortgage, while 5% of the mortgage to be stumped up as a deposit. The government’s Mortgage Guarantee Scheme help.....
What does Australia's Retirement Income Covenant have in store for retirees
November 03, 2021 09:11 PM AEDT| By Akanksha VashishtBig changes lie ahead for the Australian Superannuation fund holders as Australia’s Retirement Income Covenant is set to be effective from July 1st, 2022. Superannuation, or “Super”, as the Aussies call it, is one of the most impo.....
Why COP26 Summit is so crucial now
November 01, 2021 11:42 PM AEDT| By Priya BhandariThe COP26 stands for “conference of the parties” under the United Nations Framework Convention on Climate Change, and the summit aims to reach a consensus to implement the 2015 Paris Agreement, where 200 countries around the world agree.....
US consumer prices climb at fastest pace in 30 years
October 30, 2021 11:48 AM AEDT| By Sanjeeb BaruahHighlights But, despite rising costs and the expiration of unemployment benefits in September, consumer spending also increased in the month, the data revealed. The report pointed at strong demand and severe supply shortages for flaring up infl.....
Can you give away stocks as donations?
October 28, 2021 05:38 PM AEDT| By Rishika RainaDonating stocks instead of cash is always a better option considering the interest of both parties. A wide range of charities, schools, hospitals, and other non-profit organisations prefer receiving stocks as gift or donation as it provides them wi.....
Autumn Budget: Top 10 expectations from Sunak
October 27, 2021 07:14 PM AEDT| By Rishika RainaHighlights The Autumn Budget is due to be delivered by Chancellor Rishi Sunak at the parliament on Wednesday. The Budget is set to come ahead of a rough winter due to rising fears of inflation and soaring energy prices, which have negativ.....
China plans new property tax; here’s how it may hit Australia
October 26, 2021 01:51 PM AEDT| By AshishHighlights China has announced plans to roll out a pilot real estate tax amid the ongoing rise in real estate speculation across the country. The National People's Congress Standing Committee has provided the nod to the latest plan to promote ".....
UK launches world’s first green savings bond: What the savers can get?
October 22, 2021 10:47 PM AEDT| By Suhita PoddarHighlights The UK launched the world’s first retail green savings bond, issued by the National Savings and Investments The move follows after the UK has raised a total of £16 billion in green sovereign bonds since the last month .....
Why falling inflation is not good news
October 22, 2021 04:52 PM AEDT| By Rishika RainaHighlights UK headline inflation dropped from 3.2% in August to 3.1% in September as per latest ONS figures. In the recent months, inflation has been above the 2% target set by the UK Government, with expectations of hitting 4% by the end of 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.....
Inside Apple Unleashed: Which new products were showcased?
October 19, 2021 12:11 PM AEDT| By AshishAfter focusing on iPhones and Apple Watches a month ago, Apple has now unveiled a whole bunch of new devices, including iPhones, iPads, and the latest Apple Watch. On 18 October 2021, the Cupertino-based tech giant announced new products namely Mac.....
Top US retailers get ready to capitalize on holiday sales, boost stocks
October 19, 2021 03:29 AM AEDT| By Ipsita SarkarHighlights Amazon.com, Inc. (NASDAQ: AMZN) had recently announced plans to hire 150,000 seasonal jobs across the US. Target Corporation (NYSE: TGT) has expanded its partnership with LEGO for a limited-edition collection under US$30.0, ahead.....
