Oil in Global Economy Series

Taking US oil in a global crisis sounds good on paper, but it won't do much for Australia's energy security

Mar 12, 2020 17:24 pm UTC| Economy

The federal government this week signed a deal with the US to access their oil reserves should global supplies be disrupted and we eat into our meagre reserve. Oil security is a hot topic in Australia we consume more...

Why is the UAE, where solar energy is abundant, about to open four nuclear reactors?

Mar 12, 2020 06:47 am UTC| Economy Business

The United Arab Emirates (UAE) is building the worlds largest concentrated solar power plant, capable of generating 700 megawatts. During daylight, solar power will provide cheap electricity, and at night the UAE will use...

This is more than a health crisis: here's a 10-point plan for avoiding recession

Mar 10, 2020 05:30 am UTC| Economy

The world economy is teetering on a knife edge: the Chinese and Indian economies were slowing even before the COVID-19 Coronavirus, and as Australia was recovering from one of its worst bushfires. Share markets around...

Economic growth near an end as Treasury talks of prolonged coronavirus downturn

Mar 06, 2020 09:13 am UTC| Economy

Australias three-decade run of near continuous economic growth is set to end, with treasury warning of a hit to growth of at least 0.5% in the first quarter of this year, potentially followed by a prolonged downturn. If...

Would you ditch your car if public transport was free? Here's what researchers have found

Mar 06, 2020 05:26 am UTC| Insights & Views Life Economy

Luxembourg recently became the first country in the world to make all public transport free. As of March 1 2020, all buses, trains and trams throughout the country can be boarded without paying a fare the largest area to...

Central Banking Series

One word repeated 9 times explains why the Reserve Bank cut: it's "coronavirus"

Mar 04, 2020 00:34 am UTC| Insights & Views Central Banks Economy

Never has a virus featured so prominently in a Reserve Bank statement. Reserve Bank of Australia The word coronavirus is mentioned nine times in the governors seven-paragraph statement. His board cut the cash...

Today's GDP figures won't tell us whether life is getting better -- here's what can

Mar 04, 2020 00:31 am UTC| Economy

We are a country that has become richer than we possibly ever could have imagined. We have had 29 years of unprecedented, world-record holding economic growth. Although economically things are a little precarious in the...