The Reserve Bank of Australia building in Sydney. Agence France-Presse
Australia’s central bank on Tuesday cut interest rates for the second time in as many months as it strives to revive a sluggish economy and reduce unemployment, a tough task that may yet require even more stimulus.
Australia on Thursday unveiled its biggest shakeup in bankruptcy laws in nearly three decades, allowing small businesses to trade while insolvent and take more control over debt restructuring, in a bid to help firms through the coronavirus crisis.
Central banks in Asia, Australia and New Zealand (NZ) have joined a brewing global currency war by slashing interest rates and pledging to keep them down, worrying markets over the risk of a chase to the bottom.
Good news on the economy is still bad news for Wall Street, and stocks are falling Friday on worries a still-strong US jobs market may actually make a recession more likely.
The third edition of the Future Food Forum, concluded on Thursday highlighting the need for redefining regulations, consumer trends, crisis management and innovation
Mohamed Helal Al Mheiri, Director General of the Abu Dhabi Chamber, received a high-level delegation from the Chinese company Jiangsu Overseas Cooperation and Investment (JOCIC) at the Chamber’s tower in Abu Dhabi.