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...
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...
Apple to Open All its Stores in Japan by Midweek
Jun 03, 2020 13:02 pm UTC| Business Economy
Apple Inc.s 10 stores in Japan will be open by Wednesday, a week after the company had resumed sales at two of them. The companys stores in Motesando, Ginza, and Shibuya are all reopening with the biggest and latest...
Japan Snubs S. Korea's Deadline for Lifting Trade Curbs
Jun 03, 2020 13:01 pm UTC| Economy
Japan did not retract export restrictions on three critical industrial materials imposed on South Korea in a row over wartime forced labor as the end of the latters May deadline lapsed. Consequently, South Korea may...
S.Korea's GDP Dips to 10th Place Globally in 2019
May 29, 2020 14:27 pm UTC| Economy
South Korea produced a nominal gross domestic product (GDP) valued at US$1.64 trillion in 2019 to rank 10th globally, down two spots from 2018. The data was based on the Organization for Economic Cooperations (OECD)...
Developing countries are facing economic disaster
May 29, 2020 14:25 pm UTC| Economy
While attention in developed countries has been focused inward on the effects of the pandemic at home and the anticipated exit from lockdown, an economic and health disaster is emerging in developing counties that make up...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects