Result Page 48 for Latest Economy News & Archive

It’s Health Services, Not Mining, That is Australia’s Top Employer

Australians are now looking for more jobs, and are getting hired, in health care and social services sector more than any sector in the country.

Australia’s Asian White Policy Economy

According to the Australian government, Australia's economic future lies overseas. An economic boom in Asia is going to define Australian prosperity. Government publications, slide shows and statistics all show how important foreign growth is.

What We Couldn’t Say on CNBC About Economic Stimulus and Other Things

And it doesn't make any difference who wins the White House... either. What the economy needs is real stimulus, not the phoney stimulus offered by Obama and Romney. Not the measly spending cuts. Not the timid tax increases.

Virgin Australia Scores 3-in-1 Aviation Deals

In what could be an unprecedented strategy to propel its business, Virgin Australia divested a 10 per cent stake to Singapore Airlines Ltd., effectively collecting enough funds that will enable it to get a 60 per cent hold of Tiger Airways Australia and full control of Perth-based regional carrier Skywest Airlines Ltd.

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The Australian Government is Scrounging for Every Last Cent

Wayne Swan, Australia's current Treasurer, is proving to be an even better juggler than our own Nick Hubble, who actually knows how to juggle.

Rio Tinto’s Rare Pink Diamonds Create Mad Scramble

Rio Tinto's rare pink and blue diamonds has attracted an unprecedented number of investor interest, particularly from Asian and European buyers, despite the world being in a massive fiscal crisis.

U.S. Mag Newsweek Set to Wind Down Print Edition, Succumbs to Financial Woes, Modern Competition

Newsweek, considered one of America’s publishing icon, is closing down its print edition as current owners of the newsweekly magazine disclosed on Thursday that final issue will come out end of December 2012.

Australia Extends Health Research Grants Worth $652M

The federal government of Australia has granted a total of $652 million in National Health and Medical Research Council grants to boost and help build a progressive and healthier Australia.

Get Out of France

Investors are betting on the Fed... they're betting on the 'central bank put', the idea that central banks have their backs, and will make sure the downside is protected. How? With as much cash as it takes.

Report: Smartphones Breach 1B Mark, Seen to Jump Twice by 2015

The world is over the billion mark, that is the number of smartphones in circulation as of the September 2012 quarter, creating an impression that we are more digitally connected than in the previous decades, a new report said.

Australia Struggles with Rising HIV Cases

The number of individuals diagnosed with the dreaded Human immunodeficiency virus (HIV) has risen in Australia, prompting lawmakers and health experts to re-assess laid down national policies and programs on the disease.

Push for Renewable Energy Sources to Hike Germany's Electricity Prices by 47 Percent

Germany's push towards renewable energy sources will cause a sharp increase in electricity prices for consumers next year, reported AFP on Monday, with green power surcharges expected to rise by 47 percent while overall electricity costs will also go up by 7 percent.

Bleak Christmas Looms Over Australia’s Retail Sector

In spite of an online sales campaign patterned after the successful Click Monday in the U.S., a survey released on Monday said that it will still be a bleak Christmas season for Australia's retail sector.

Australian Ski Industry to Banish Due to Global Climate Change?

Skiing aficionados who often go to Australia to experience the resource-rich nation's ski resorts and alpine regions may be forced to scout other locations in the coming years as the worsening global climate change could kill the Australian ski industry by year 2020.

China Slowdown Forces Aussie Miners to Miss Production, Growth Targets

Ahead of their scheduled financial reports this week, giant miners are expected to flag serious concerns over softening demands for commodities, which analysts said will be compounded by tumbling global market prices for Australia’s chief export products.

Survey: Sydney is Most Expensive City in the World After Tokyo

The Cities of Opportunity survey conducted by accountancy firm Pricewaterhouse Coopers (PwC) named Tokyo as the most expensive in 27 global cities, followed by Sydney.

Global Economy Health Check

As requested, I have undertaken an extensive examination of Mr. Global Economy, both physical and psychological.

Has the China Boom Made You Wealthy?

If you think we've been too hysterical on the China debate, have a read of this. It's the bearded one, Ross Gittins, telling us to chill out...the China/Asia/commodity boom has only just started.

India's Risk of Downgrade to Junk Status 'One in Three' -S &P

Global rating agency Standard & Poor's warned on Wednesday that India still faced a "one-in-three" chance of a credit rating downgrade within the next two years, despite last month's blitz of new economic reforms to boost the sharply-flagging economy.

China to Lose in Tokyo IMF Boycott -Lagarde

China will only stand to "lose out" by boycotting this week's global economic meetings in Tokyo, said International Monetary Fund Managing Director Christine Lagarde today.

Toyota’s Latest Global Recall of 7.3M Cars Includes 297,931 in Australia

Toyota vehicles are slated to be taken off the road worldwide as the giant Japanese carmaker confirmed on Wednesday a massive recall order of some 7.4 million units, comprising of popular Toyota sedans, compact cars and mid-sized SUVs.

Owing to Faulty Power Window Switch, Toyota Undertakes Massive Global Recall of Vehicles

Japan's Toyota Motor Corp is set to undertake a massive global recall of vehicles due to faulty power window switch found in its units.

ABS Report: Australians are Constant Web Surfers

Australia has become a web-centric nation, latest government data showed, with net surfers growing steadily as of June 2012.

Tourism Australia, Emirates To Spend A$14.3M Over New Joint Marketing Scheme

Tourism Australia and Dubai-based Emirates will be spending an estimated A$14.3 million over the next three years that will further improve inbound visitation from Europe and New Zealand.

This Time, China Helps Boost Australia’s Tourism

China's appetite for mining-related investments in Australia may be dwindling, but its appetite for Australian scenic spots has helped the resource-rich nation post a record number of tourist arrivals in August.

Business Leaders Urge Australia Not to Set Aside Japan in Favour of China

Business leaders from Australia and Japan urged Canberra not to overlook Tokyo while the Gillard government focuses on the Chinese economy as the world gears for the Asian century.

Chrysler, Honda Order Global Recall of Half-A-Million Vehicles

More than half-a-million vehicles have been tagged for global recall by Chrysler and Honda, saying defective parts must be replaced or repaired to avert the occurrence of accidents or fire, reports said.

Derivatives as a Sponge

We think it's pretty safe to say that share prices will never go down again. The Bernank, the Drag and the Steve have you covered. They have a simple solution for all the world's ills.

EU Slams French Study Linking GMO Corn from Mosanto to Cancer

A recent French study demonstrating links between Monsanto's NK603 genetically modified (GM) corn and cancer in rats has been found to be of "insufficient scientific quality" by the European Food Safety Authority (EFSA)

Sales of New Vehicle Acquisitions in Australia Up in September by 9%

Sales of newly purchased vehicles in Australia jumped 9 per cent in September, an indication that consumers prefer to spend their money on high-ticket yet essential items compared to lower-priced yet unnecessary items such as probably those sold in retail sales.

IHG to Launch First Electric Car Network for Australia Hotels

Hotels in Australia will soon be transporting guests in electric-charged service vehicles.

Melbourne University Leads Australian Universities in 2012-13 World University Rankings

In what seemed to be a fitting testament to its strategic higher educational programmes and methods, the Melbourne University continued to lead Australia's universities in this year's Times Higher Education 2012-13 World University Rankings.

Long Road: Recovery from Financial Crisis to Take 'At Least a Decade' -IMF Chief Economist

The International Monetary Fund's (IMF) Chief Economist Oliver Blanchard has warned that the fiscal problems in the U.S. stemming from the 2008 Financial Crisis remains unresolved till today; and said that it will take "at least a decade" for the global economy to recover from the crisis.

Norovirus Hits 20 Australians During New Zealand Skiing Holiday

The highly contagious norovirus has recently struck some 20 Australians who were out in New Zealand for a skiing holiday.

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