Why the coronavirus crisis is still a moment of opportunity for the European Union

Jun 15, 2020 12:44 pm UTC| Economy

The COVID-19 pandemic is first and foremost a public health crisis with multiple ramifications for the whole world. The European Union has faced criticism for its slow response to the pandemic, reinforcing debates about...

Economists back wage freeze 21-19 in new Economic Society-Conversation survey

Jun 14, 2020 12:21 pm UTC| Economy

Australian economists narrowly back a wage freeze in the minimum wage case now before the Fair Work Commission, a freeze that could flow through to millions of Australians on awards and affect the wages of millions more...

COVID rates, excess deaths and the economy: how countries work out when to exit lockdown

Jun 14, 2020 12:20 pm UTC| Economy

As the UK prepares to exit lockdown, it has passed its peak for deaths due to COVID-19. In India, on the other hand, lockdown is scheduled to ease on June 8, despite the fact that the number of cases in the country...

Businesses get extension for instant asset write-off

Jun 14, 2020 12:18 pm UTC| Business Economy

In its latest move to spur business investment, the government will extend its $150,000 instant assets write-off until the end of the year. The six-months extension, which will be legislated, will cost $300 million in...

How and why companies lay off employees affects future success

Jun 14, 2020 12:16 pm UTC| Economy

Employers have engaged in temporary layoffs in reaction to the economic uncertainty theyve faced during the COVID-19 pandemic. A recent poll of 114 human resources and business professionals conducted by the Guelph...

Paying for coronavirus will have to be like war debt – spread over generations

Jun 14, 2020 12:05 pm UTC| Economy

The macroeconomic shock to the world economy from the COVID-19 pandemic is arguably unprecedented in modern times. The financial response by governments of the major economies has been substantial. The Center for...

S. Korea Urged to Ease Reliance on Trade with US, China, and Japan

Jun 13, 2020 20:15 pm UTC| Economy

An economic policy body urged South Korea to ease its reliance on major partners due to uncertainties brought by the trade between the US and China and export restrictions from Japan. The US and China accounted for...