Developing 4 Andaman & Nicobar islands gains steam

KOLKATA: The Centre’s initiative for holistic development of four islands in the Andaman & Nicobar islands has gained steam with the consultant preparing a master plan on them is due to submit its report soon, a top chamber official has said. “NITI Aayog has begun the preparatory process for a Concept Development Plan and detailed […]

China’s economic invasion of Africa

He returned to Africa via Vietnam. In Uganda, he has grown ZTE’s business exponentially – the company sold more than 500,000 handsets this year. Zhu looks the modern high-flyer – smart shoes, trousers with a Mont Blanc belt, a dress shirt and trendy black glasses. At weekends he plays golf with clients and Chinese embassy […]

REVEALED: The Australian workers who could be next to lose their jobs as the coronavirus pandemic creates the biggest economic crisis since the Great Depression

‘The union has heard from members that some worksites are not changing their practices or setups to meet the hygiene and safety measures that have been advised by medical authorities and mandated by the government,’ he told AAP.

Highlights of Trump-signed $2.2T economic relief package

— Tax breaks: Temporarily waives penalties for virus-related early withdrawals from some retirement accounts, eases required minimum annual disbursements from those accounts. Increases deductions for charitable contributions. Employers who pay furloughed workers can get tax credits for some of those payments. Postpones business payments of payroll taxes until 2021 or 2022.

Spotlight: Trump signs 2 trln USD economic rescue package to cushion impact of COVID-19

According to a forecast released by the Institute of International Finance (IIF) earlier this week, the United States is already in recession, with negative growth in the first quarter and large contractions in the second quarter. By the year’s end, the U.S. economy is expected to have contracted by 2.8 percent.

Repo Rate cut, EMI moratorium to help homebuyers, developers manage liquidity

MUMBAI: The Reserve Bank of India’s move to allow a moratorium of 3 months on loan repayments and reduction in repo rate by 75 basis points is expected to help both homebuyers and realty developers manage their liquidity crunch in the backdrop of the outbreak of Coronavirus. Realty developers and industry experts lauded key measures […]

Will the economic crisis caused by coronavirus reshape our idea of a depression?

Being stood down is becoming more common, lining up to receive a payment from Centrelink is becoming something of a normal daily routine (for all types of professionals), small businesses are needing to find new markets, there are fewer people out and about and folks all over the world are learning to work from home.

Protect the world of work from economic pandemic

Unprecedented, expansionary fiscal and monetary policies are essential to prevent the current headlong downturn from becoming a prolonged recession. We must make sure that people have enough money in their pockets to make it to the end of the week — and the next. This means ensuring that enterprises — the source of income for […]

Truck driver shortage heading down the road to an economic roadblock

Councils in south-west Victoria recently signed an agreement with the Federal Government to bring 100 skilled into the region to fill vacancies in 27 targeted occupations, including truck driving.

UPDATE 1-IMF says coronavirus to hit sub-Saharan Africa’s growth hard

During the global financial crisis more than a decade ago, African countries were spared the brunt of the economic impact, because many were less integrated with global financial markets and supply chains, Selassie and Ongley wrote. Debt levels were lower too and countries had more room to increase spending to boost growth.