Economy

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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.

India’s Reliance Industries planning largest green energy project in Australia

To cater to a low-carbon economy, Reliance has also hired 2500 scientists, engineers, and professionals.

India becomes World’s Fifth Biggest Economy

The United Kingdom (UK) was 5th and has now slipped to 6th place as the people grapple with the increasing cost-of-living and an unstable socio-political environment.

How did Sri Lanka run out of money? 5 graphs that explain its economic crisis

Since the beginning of 2020 Sri Lanka’s demand for foreign currency has increased while its ability to earn foreign currency – through exports, loans and other capital inflows – has declined.

Victoria becomes best-performing economy in Australia

Victoria delivered the largest jobs growth of all states and territories in June, with more than 28,000 new jobs.

India on course to become fastest growing economy despite global recession fears

Currently, India's forex reserves have declined by USD around 40 billion in 2022.

Why capping food prices won’t work – and will actually make things worse

The price hikes have led to calls for supermarkets to impose price caps to ensure shoppers can still afford to feed their families healthy food.

Must-read

53-foot tractor-trailer driver Baljeet Singh pleads guilty in deadly pileup, was playing phone game and fled to India

The crash killed 42-year-old mother Nancy Lefrançois and her 11-year-old son Loïc Chevalier, who were travelling in a passenger vehicle struck in the collision.

Indian Premier League could be played in Australia, Adelaide Oval explores plan

The proposal is part of a broader idea to strengthen cricket ties between Australia and India.

Perth toddler Sandipan Dhar’s death ‘probably preventable’ after missed blood test, coroner says

21-month-old Sandipan died in March 2024 after being taken to hospital with a persistent fever that had lasted for weeks.
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