Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Sun, Jun 04, 2023 10:22 AM All times are UTC

Follow Series

©PUBLISH holdings LLC . All Rights Reserved.

Peter Martin

Editor, Business and Economy

Peter Martin is Business and Economy Editor of The Conversation and a visiting fellow at the Crawford School of Public Policy at the ANU. A former Treasury official with an honours degree in economics, he has worked as the economics correspondent for ABC radio, as the ABC's Tokyo correspondent and as economics editor of The Age. With Dr Gigi Foster of UNSW he created The Economists podcast on ABC Radio National. In 2016 he was made a Distinguished Alumni of Flinders University in recogn...

Will Jim Chalmers' budget drive up inflation? Not likely – and here's why

May 23, 2023 15:03 pm UTC| Economy

The proposition that cutting prices will stoke inflation is a hard one to get your head around, even if you are an economist. Yet it has been seriously put forward as a critique of this months budget; the one in which...

Sure, the RBA froze interest rates on Tuesday, but there's plenty of pain to come

Apr 05, 2023 13:16 pm UTC| Economy Central Banks

Australias Reserve Bank hit pause on interest rates after ten successive hikes on Tuesday, but for many Australians, the pain it has inflicted is about to begin. The Bank says more than one million households will come...

5 ways the Reserve bank is going to bat for Australia like never before

Nov 04, 2020 00:17 am UTC| Economy Central Banks

The most important of the five measures the Reserve Bank announced on Tuesday is the one that wont whirr into place for a very long time. Others start immediately. On Thursday the bank will wade into the market and...

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...

Why we've the weakest economy since the global financial crisis, with few clear ways out

Sep 06, 2019 07:46 am UTC| Insights & Views Economy

The Australian economy is tepid, with consumer spending the weakest in ten years, business investment shrinking, and economic growth too weak to cover population growth. Were it not for very strong growth in export...

No surplus, no share market growth, no lift in wage growth. Economic survey points to bleaker times post-election

Jan 29, 2019 12:26 pm UTC| Insights & Views Economy Politics

The Australian economy will remain healthy for long enough to enable the government to claim it as a strength in the lead-up to the May election, but the first Conversation Economic Survey points to a fairly flat outlook...

My magnificent seven. Seven really bright ideas (and one as old as time itself) from 2018

Dec 27, 2018 10:18 am UTC| Insights & Views

Few things are as valuable as a bright idea. They rarely pop up in meetings (where most of the time people agree with other people), or in business (where most of the time its easier to keep doing what youve been...

1 2

Economy

Europe Roundup: Pound heads for biggest weekly gain in six months, European shares gains, Gold gains, Oil prices rise after U.S. debt deal, all eyes on OPEC meeting

Market Roundup French Apr Industrial Production (MoM) 0.8%, 0.3% forecast, -1.1% previous Spanish Unemployment Change -49.3K , -40.1K forecast,-73.9K previous German Car Registration (YoY) 42.50%,...

CNN Appoints Warner Bros. Discovery Executive as Its New COO

CNN Worldwide, or Cable News Network International, announced it has appointed a new chief operating officer for its business operations worldwide. The company named David C. Leavy as its new COO. As per Deadline, the...

Burger King Levels up Chicken Offerings: New Chicken Fries in Singapore and Smoky Maple Biscuit in US

Burger King bolsters its chicken offerings, debuting Chicken Fries in Singapore and trialing Smoky Maple Chicken Biscuits in U.S. markets. These exciting additions reflect the brands strategy to capitalize on the growing...

Onitsuka Tiger Unleashes Shinkansen-Inspired Sneakers in Collaboration With Terroir Tabi and West Japan Railway

Onitsuka Tiger teams up with Hyogo travel brand Terroir Tabi and West Japan Railway to launch a trio of Shinkansen bullet train-styled sneakers crafted with Kobe beef leather and traditional Hyogo craftsmanship. Showcasing...

Intel Unveils Plans for DDR5 Validation Data Center Lab in Seoul, Eyes Global Expansion

Intel Corporation is making strides in global chip research, announcing plans for a DDR5 Validation Data Center Lab in Seoul, South Korea. Intel is establishing a chips data lab in the region to scale up its...

Politics

UK: UN Rights Chief Expresses Concerns Over Migration Bill

The United Nations human rights chief has expressed his concerns to the British government about its legislation to combat illegal migration. The human rights chief cited concerns that it would bar people from seeking...

Russia-Ukraine War: NATO to Narrow Divisions Over Ukraine's Membership Bid in Oslo Meeting

The foreign ministers of the NATO countries are looking to narrow down the divisions surrounding Ukraines bid to join the alliance in the upcoming meeting in Oslo this week. This comes as Ukraines allies are also at odds...

EU Parliament to Question Hungary's Ability to Hold EU Presidency Over Record on Rule of Law

The European Parliament is set to question Hungarys ability to hold the European Unions rotating presidency next year. The EU parliament cited Hungarys record on the rule of law. A draft parliamentary resolution by the...

Iran: IAEA Resolves Nuclear Issues Related to Sites With Uranium Particles

The International Atomic Energy Agency has reportedly resolved the nuclear issues with Iran related to a site where uranium particles were found. The issue comes as talks to restore the 2015 nuclear deal with Tehran remain...

UK: Ministers Given More Time to Turn in Messages From Boris Johnson to Public COVID Inquiry

British ministers were given more time to turn in messages from former Prime Minister Boris Johnson as part of the public inquiry into the governments response to the COVID-19 pandemic. The extra time comes amid a...

Science

Drilling down on treatment-resistant fungi with molecular machines

`Fungi are present on the skin of around 70% of the population, without causing harm or benefit. Some fungal infections, like athletes foot, are minor. Others, like Candida albicans, can be deadly especially for...

Astronomers detected two major targets with a single telescope – a mysterious signal and its source galaxy

Astronomers have been working to better understand the galactic environments of fast radio bursts (FRBs) intense, momentary bursts of energy occurring in mere milliseconds and with unknown cosmic origins. Now, a study...

Biodegradable plastic in clothing doesn't break down nearly as quickly as hoped – new research

Plastic pollution has emerged as one of the most pressing environmental challenges of our time. Over 100 million tonnes of plastic enters the environment each year, with more than 10 million tonnes ending up in our oceans....

Gravitational wave detector LIGO is back online after 3 years of upgrades – how the world's most sensitive yardstick reveals secrets of the universe

After a three-year hiatus, scientists in the U.S. have just turned on detectors capable of measuring gravitational waves - tiny ripples in space itself that travel through the universe. Unlike light waves, gravitational...

Why don't rocks burn?

While many rocks dont burn, some of them do. It depends on what the rocks are made of and thats related to how they were formed. There are three main rock types: igneous, sedimentary and metamorphic. These rocks are...

Technology

Korea’s Netmarble Set to Release Three New Game Titles to Stop Losses

Netmarble Corporation, a South Korean mobile game developer which is also considered the largest mobile-gaming firm in the country, is set to release three new games, and the drops are starting in July. According to The...

Samsung Partners With Dezeen for Global 'Re:Create Design Challenge' to Upcycle Old Devices

Samsung Electronics, in collaboration with UK design magazine Dezeen, announces the Re:Create Design Challenge, a global contest aimed at upcycling and recycling old Samsung devices. The initiative reflects Samsungs...

TikTok CEO Shou Zi Chew to Spearhead ByteDance's Rising Social Media Star, Lemon8

ByteDance taps TikTok CEO Shou Zi Chew to steer Lemon8, its fresh social media app, amid a corporate reshuffle and escalating tension between TikTok and the West. Launched in February, the lifestyle-oriented Lemon8 has...

Naver Reportedly Losing Market Share in Online Search Industry

Naver internet platform is reportedly losing its share in the search engine market in South Korea. It was the very first web portal that later became the largest internet company in the country, but with the arrival of...

Microsoft’s Activision Blizzard Acquisition Approved by Korean Regulators

Microsoft Corporation earned another point with its bid to acquire the Santa Monica, California-based video game holding company, Activision Blizzard, after the South Korean anti-trust regulator announced it has approved...