People walk past the Reserve Bank of Australia building in Sydney on Tuesday. Agence France-Presse
Australia is pumping about A$100 billion ($56 billion) into the economy as it seeks to minimise the blow from the coronavirus epidemic. The Reserve Bank of Australia (RBA) slashed interest rates in an out-of-cycle cut to an all time low
Australia’s central bank injected A$6.90 billion ($4.10 billion) into the financial system on Tuesday and bought A$4 billion in bonds as economists predicted a spike in unemployment and the worst recession in the country’s history due to the coronavirus.
Australian Prime Minister Scott Morrison meet with the country’s central bank chief on Wednesday to discuss the nation’s slowing economy as pressure grows for urgent fiscal stimulus.
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.
ENOC Link, The Group’s fuel delivery digital venture, extended its support to Dubai Municipality’s national disinfection drive to curb the COVID-19 outbreak by dedicating mobile fueling trucks to provide free petrol and diesel fuel
Shams, one of the world’s largest concentrated solar power plants, continues to significantly contribute to the UAE’s clean energy transition, and is helping the country prepare for the next 50 years
The Central Bank of the UAE , the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and the Dubai Financial Services Authority (DFSA) of Dubai International Financial Centre (DIFC)