People walk past a shop, displaying sales promotions, in Melbourne, Australia. Agence France-Presse
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.
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.
Australia’s central bank will consider cutting interest rates next month, Governor Philip Lowe said on Tuesday as the resource-rich economy looked set to join some of its global counterparts in easing financial conditions to boost growth. Lowe also urged the country’s newly re-elected government
Australia’s industrial relations umpire raised the national minimum wage by 3 per cent from July 1, a smaller pay rise than the 3.5 per cent increase enjoyed by workers last year, reflecting a weakening economy and cooling inflation.
China wants to reach an initial trade deal with the United States, President Xi Jinping said on Friday, but is “not afraid” to fight back when necessary and will enact economic reforms at its own pace.
Breakbulk Middle East, an internationally acclaimed conference and exhibition, reveals ‘Education Day” initiative. The event, which will take place from 25th February to 26th February 2020 at Dubai World Trade Center,
Experts and analysts revealed during the 8th Chief Audit Executive Conference (CAE) in Dubai that the UAE is marching ahead in the region in adopting Artificial Intelligence and smart technologies.