Author Archives: admin

Remote Working Proves Unexpected Hero as Half of US Economy Shifts to Home Offices

As economists scramble to assess the devastating impact of the coronavirus, they’re homing in on an unexpected hero that’s mitigating the damage in the U.S.: remote working. With offices across the country closed and people stuck in their homes, many professional workers have accomplished a not-seamless but ultimately successful transition to online workplaces — allowing those in crucial industry sectors ...

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Josh Frydenberg tells G20 to put global economy into ‘hibernation’ during coronavirus crisis

Treasurer Josh Frydenberg has called for the global economy to be put into “controlled hibernation” during the coronavirus emergency, in a virtual meeting of Group of 20 (G20) finance ministers and central bank governors last night. The meeting saw the economic leaders of the world’s top economies discuss a new plan to address the risk of debt vulnerabilities in low-income ...

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‘That›s a nasty, snarky question’: Trump’s media assault rages on in midst of coronavirus crisis

Donald Trump’s intemperate outbursts may be a sign of a leader cracking under the pressure, if it weren’t for the authoritarian tone As reporters waited languidly on plastic chairs a few feet apart, absorbing birdsong and soft spring sunshine, the White House rose garden was an oasis of calm in a stricken nation. But once Donald Trump began taking questions, ...

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Coronavirus cases in NSW rise past 1,000, Border Force boss blames State Government for Ruby Princess bungle

The Australian Border Force (ABF) commissioner has tipped a bucket on the NSW Government over its handling of the arrival of a coronavirus-stricken cruise ship in Sydney last week. As the cases of COVID-19 passed 1,000 in NSW today, Premier Gladys Berejiklian said «all of us have to take responsibility» about why the Ruby Princess was allowed to dock. Later ...

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Regional Australians will need to be our ground troops in the climate war — so stop neglecting us

There are two inconvenient truths being largely overlooked as our nation discusses the link between climate change and natural disasters. The first is that regional Australians will wear the bulk of the destruction and suffering linked to our changing climate. The second, and perhaps more painful truth to realise as the impact of climate change worsens, is that metropolitan Australia’s ...

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What the general election result means for the UK economy, according to three economists: how it will affect jobs, Brexit and growth

The Conservatives’ large majority will give the economy some much-needed breathing space over the next six months. Business confidence should recover, now that a no-deal Brexit isn’t a risk in January 2020 and the outlook for domestic policy over the next five years is relatively clear. Many firms will be able to invest, knowing that corporation tax likely won’t rise, ...

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We just got a stark warning that the US economy is slowing as trade tensions persist

economy is still taking hits from the US-China trade war. Overall sales increased 0.2% last month, according to the Commerce Department, falling under the 0.5% consensus estimate from economists surveyed by Bloomberg. The metric was dragged lower by declines in the apparel and restaurant industries, hinting at weakening consumer spending trends as the year comes to a close. October’s figure ...

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Finance ministry unveils detailed presentation on steps taken to boost economy

Chief Economic Advisor Krishnamurthy Subramanian on Friday said the government is focusing on increasing consumption to boost economic growth. Presenting steps taken by the government in the past few months to pull the economy out from a six-year low growth, he said the measures include corporate tax cuts to improve risk-return of companies. Here’s a list of all measure announcements ...

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