Economy

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India Surpasses Hong Kong to Become World’s Fourth-Largest Stock Market Powerhouse

It stood just behind the US, China, Japan in the stock market valuation.

An austere Christmas is on the cards – but don’t say recession

Economists have a terrible track record when it comes to predicting recessions.

The 7 charts show Australians struggling as savings fall to near zero

For individual Australians, it was even worse – growth per head went backward, in what some economists call a “per capita recession”.

Hamas’ terror attack on Israel aims to destabilise international collaborations

The proposed IMEC corridor seems to have triggered a waxing and waning kind of response from different corners of the world.  

Fiji’s National Economic Summit aims to address ‘daunting’ challenges ahead of small island developing economies

“We need to rebuild our infrastructure which has been neglected, and most importantly look at ways to ease the burden of the high cost of living for our people.”

Tax breaks cost a reported $250 billion, but handle these new figures with care

A tax rebate, effectively paid out of government funds but delivered through the tax system, might be called a “tax expenditure”, while a cash payment might be called a direct expenditure.

Reserve Bank of Australia lifted cash rate to a 10-year high of 3.35%

The full effect of the cumulative increase in interest rates is yet to be felt in mortgage payments.

New politics in a nation renowned for ethnic tension

The election ended the 16-year reign of the FijiFirst Government headed by Frank Bainimarama, the country’s larger-than-life figure.

Can the richer countries afford to stop the debt crisis?

Unfortunately for many emerging economies, the reserves they hold are simply not enough to cover all of these demands – especially after energy prices soared when Russia invaded Ukraine.

Is recession now inevitable in Australia?

Given what’s now happening overseas, you might expect Australia’s Reserve Bank to take note and behave differently to central banks overseas.

Must-read

Melbourne family shattered by loss of 16-year-old son, calls for better pedestrian protection

Chris Rua Antony died in hospital on February 20, a week after he was struck by a car while walking home from school along Pound Road in Narre Warren South.

Gaza’s endless War: Proxies, misinformation, and the civilians caught in between

Many senior Hamas leaders have lived for years in luxury abroad, in places such as Qatar and elsewhere, far removed from the consequences of the war they help direct.

Albanese and ministers join Ramadan celebrations, encouraging wider community participation

Social Services Minister Tanya Plibersek described Ramadan nights in Lakemba as one of Sydney’s great traditions, pointing to the bustling streets and strong sense of community.
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