People walk past a branch of Westpac in Sydney, Australia. File/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.
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.
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.
Etihad Rail, the developer and operator of the UAE National Rail Network, has achieved a new milestone in the development of the National Rail Network,
Raki Phillips, CEO of the Ras Al Khaimah Tourism Development Authority (RAKTDA), stressed that the emirate’s tourism sector aims to increase the number
The UAE is a reliable supplier of some of the world’s least carbon-intensive oil and gas as the Emirates achieves record growth in renewebles,