Progressive in theory, regressive in practice: that's how we tax income from savings
Jul 21, 2020 14:24 pm UTC| Investing Economy
Were told Australia has a progressive tax system the more you earn, the higher the rate. And thats certainly the case for earnings from wages. An Australian on A$35,000 sacrifices 21 cents out of each extra dollar they...
Jul 21, 2020 14:22 pm UTC| Economy
As companies labor to stay afloat amid the coronavirus pandemic, some businesses that feel hemmed in by local or statewide workplace safety mandates, have threatened to relocate to more accommodating locations. Before...
US home construction increase by 17.3% in June from previous month
Jul 19, 2020 18:20 pm UTC| Economy
US home construction went up 17.3 percent to 1,186,000 homes in June from the previous month, after some states reopened. It was the second straight month of increase after a modest recovery in May followed sharp...
Google bans messages that promote coronavirus conspiracy theory
Jul 19, 2020 12:45 pm UTC| Economy
Google would prohibit websites and apps from running ads on content about the coronavirus pandemic against scientific consensuses, such as conspiracy theories. The conspiracy theories include the notion that the Chinese...
S. Korea to add 2.4 GW of offshore wind farm capacity
Jul 19, 2020 06:54 am UTC| Economy
South Korea earmarked 14 trillion won for building offshore wind farms with a capacity of 2.4 gigawatts (GW) on its southwestern coast by 2028 to supply power to around 2.24 million households. The total budget will be...
Moon pushes for tax policies to encourage stock investments
Jul 19, 2020 01:47 am UTC| Economy
President Moon Jae-in of South Korea stressed that government policies such as taxation should encourage retail stock investors to boost the countrys equity market. Moon, responding to the plan to expand capital gains...
Indonesia, Australia to carry out worker exchange as part of trade tariff deal
Jul 17, 2020 08:57 am UTC| Economy
Indonesian workers could get up to six months of training and work experience in Australia in a worker-exchange program to boost its human resources. The workers would mainly come from the health care,...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects