Government lockdown costs may be exaggerated over COVID-19's direct economic impact

Jul 21, 2020 14:55 pm UTC| Economy

As a second COVID-19 lockdown looms in New South Wales, there is much discussion about the economic costs of doing so. But since the start of this pandemic there has been profound confusion in many quarters about the...

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...

How local governments can attract companies that will help keep their economies afloat during COVID-19

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...