Office workers take their lunch at a food court in Sydney, Australia. Reuters
Australia’s strong economic performance of recent decades has allowed its central bank to avoid the kinds of unorthodox policies seen in other countries, but record low rates mean less conventional measures may be needed to tackle new challenges.
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.
Australian pension funds are sitting on a A$245 billion ($167.38 billion) ‘wall of money’ that will probably flow overseas because of a lack of domestic options, asset managers say.
German companies are optimistic about their growth prospects in the Gulf region, as key government leaders and business executives from Germany and the GCC countries attended a top-level conference in Dubai recently. With a combined population of about 55 million
The historic 50th National Day of the UAE was celebrated across the country with new zeal and fervour through various cultural activities. On the momentous occasion of the UAE’s Golden Jubilee celebrations various government and private organisations conducted a raft of
Sheikh Nahyan Bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence and Commissioner-General of Expo 2020 Dubai, attended the UAE’s Golden Jubilee celebration at Expo 2020 Dubai on Thursday. The celebration was also attended by Gaston Browne, Prime Minister
India’s merchandise exports in November rose to $29.88 billion, higher by 26.5 per cent on a year-on-year basis, preliminary data showed on Wednesday. Exports in November 2020 stood at $23.62 billion. According to the data furnished by the Ministry of Commerce