Digital Currency Revolution

Cryptocurrency has an impact on economies. That's why some are afraid of it – and some welcome it

Feb 02, 2022 08:59 am UTC| Digital Currency Economy

One month into 2022 and the debate on cryptocurrency is already heating up, with calls for regulation causing a rift between jurisdictions that are crypto friendly and those that arent. Which will determine the future of...

Inflation is raising prices and reducing real wages

Feb 02, 2022 08:58 am UTC| Economy

There is no doubt life is becoming much more expensive in New Zealand as inflation hits a three-decade high, influenced by both domestic and international factors such as increased food, energy and housing costs, pent-up...

Unemployment below 3% is possible for the first time in 50 years – if Australia budgets for it

Feb 02, 2022 08:57 am UTC| Economy

Whats the boldest thing the Morrison government could do in next months budget? It would be to forecast an unemployment rate below 4% (a rate of three-point-something), then to pledge to go further, to...

When aged care workers earn just $22 an hour, a one-off payment won’t fix the wage problem

Feb 02, 2022 08:57 am UTC| Economy

The federal governments promise of up to A$800 between now and May for aged care workers is a short-term political fix designed to cover over a long-term policy failure. Numerous reports have pointed out Australias more...

The New York Times buys Wordle word game, and its creator was overwhelmed

Feb 02, 2022 08:50 am UTC| Business Economy

The New York Times Co. revealed on Monday, Jan. 31, that it had purchased the popular word game called Wordle. The said game is based online, and its popularity has recently exploded, with millions of users playing the...

Tesla recalling over 53,000 EVs as self-driving units may ignore stop signs

Feb 02, 2022 06:43 am UTC| Business Economy

Tesla Inc. will have to recall 53,822 units of its self-driving electric vehicles in the United States. The affected models are those fitted with the beta version of its Full Self-Driving software. Based on the recall...

Tesco reveals 1,600 may lose jobs due to store operation changes

Feb 02, 2022 05:45 am UTC| Business Economy

Tesco is the largest retail company in the United Kingdom, and on Tuesday, Feb. 1, it announced there have been big changes in its operations. Unfortunately, these changes will also impact a number of the employees as...