Author Archives: admin

Australian economy will need up to $90bn extra after coronavirus shock, report says

Australian governments need to pour an extra $70bn to $90bn into stimulus and support measures to help the nation weather the biggest economic shock since the second world war, according to a new report. Setting out a wide-ranging agenda for the next six months, the Grattan Institute argues governments need to phase out coronavirus-related emergency support measures more slowly than ...

Read More »

Australia central bank urges ongoing government stimulus for economy

Australia’s economy will need “considerable” support for some time, Reserve Bank of Australia Deputy Governor Guy Debelle said on Tuesday, adding it would be a “problem” if the government ended fiscal stimulus in September as initially flagged. Australia’s fiscal response to the coronavirus pandemic is among the biggest in the world at almost 10% of gross domestic product. It comes ...

Read More »

Wage theft rife for international students in Australia

More than three in four international students in Australia are earning less than the minimum casual wage, says a new survey of 5000 international students. One in four reported receiving less than half the minimum wage in their lowest paid job. The researchers say their findings highlight the urgent need for deep reforms to labour enforcement to seriously disrupt wage ...

Read More »

Australia seeks long-range missiles in Indo-Pacific defence shift

Australia says it will significantly increase military spending and focus on the Indo-Pacific region amid rising tensions between the US and China. PM Scott Morrison pledged A$270bn (£150bn; $186bn) to Australia›s arms budget over 10 years – a 40% boost. He said Australia would acquire long-range missiles and other capabilities to «deter» future conflicts. It was necessary because the region ...

Read More »

Sameer Qasem appointed as an honorable director in Australia

Sameer is the Producer and Editor of the National Iraqi IV based in Sydney. He has extensive overseas experience as a radio and TV director, editor and cameraman (including for example as a radio director in the Iraqi public channel, TV director in the Iraqi sports channel, arts programmes section, and a wide variety of programs, sports director for the ...

Read More »

Taiwan economy forecast to shrink 1% in 2020

Taipei, June 3 (CNA) Singapore-based DBS Bank on Wednesday retained its forecast of a 1 percent contraction of Taiwan’s gross domestic product (GDP) in 2020, citing the impact of the COVID-19 pandemic. In a statement, DBS said Taiwan’s economic development in the second half of the year is likely to remain under the shadow of a deteriorating job market, in ...

Read More »

Recovery plan to protect Islanders and restart the economy

The council has pledged to work closely with the local community and businesses to form a bespoke strategy capable of securing an effective and long-lasting economic recovery — while at the same time keeping Islanders ‘Covid-secure’. Council leader Dave Stewart said: “Since the start of the pandemic, our work has focused on protecting the local community and minimising the impact ...

Read More »