Money for social housing, not home buyers grants, is the key to construction stimulus

Jun 03, 2020 15:15 pm UTC| Economy

Theres no doubt Australias construction industry is facing tough times. COVID-19 has caused migration to slow to a trickle. Some 2.6 million Australians have either lost their jobs or had their hours cut in the past two...

People living on low incomes already see the economy as 'rigged' – so what next after coronavirus?

Jun 03, 2020 15:14 pm UTC| Economy

Ahead of the 2019 election, Boris Johnsons Conservatives made moves to brand themselves as post-austerity. Big promises to rejuvenate neglected parts of the country won them votes in unexpected places. And now, as a...

Why the US dollar remains crucial for Hong Kong’s economic prosperity

Jun 03, 2020 15:06 pm UTC| Economy

Increasing economic tensions between the US and China continue to threaten Hong Kongs economy. Chinas proposed national security law will see greater controls over areas such as secessionist activities, terrorism and...

Rolling lockdowns could protect both economies and health in low-income countries

Jun 03, 2020 14:54 pm UTC| Economy

With no effective treatments for COVID-19 and a vaccine at least a year away, the main strategy for controlling the pandemic so far has focused on community-based interventions, such as lockdowns and physical...

How a tightening of wallets pushed Australia into recession

Jun 03, 2020 14:46 pm UTC| Economy

A go-slow on spending sent the economy backwards 0.3% in the first three months of this year, only the fourth such decline since Australia was last in recession in the early 1990s. Treasurer Josh Frydenberg says...

Australian Government to give $25,000 grants to people building or renovating homes

Jun 03, 2020 13:11 pm UTC| Economy

The government will provide eligible owner-occupiers with a grant of $25,000 to build a new home or extensively renovate an existing one. The scheme estimated to cost up to $688 million will not be limited to first...

Global Geopolitics Series

South Korea to Resume WTO Complaint About Japan's Export Curb

Jun 03, 2020 13:04 pm UTC| Economy

South Korea will reopen its complaint at the World Trade Organization over Japans tightened export controls, as the latter has not shown willingness to settle the trade dispute. South Korea gave Japan until the end of...