In a move that is certain to further inflame the Chinese Communist Party (CCP), a coalition of 62 countries will back Australia’s push for an independent inquiry into the COVID-19 outbreak ahead of a crucial meeting of the World Health Assembly. All 27 European Union member states, the UK, India, Japan, and Russia are among
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New Zealand Prime Minister, Jacinda Adern’s, election promise to slash immigration looks even more ridiculous after the country’s population surged past 5 million people in record time: New Zealand’s resident population provisionally reached 5 million in March 2020, Stats NZ said today. “This is a significant event for New Zealand,” population insights senior manager Brooke
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Another fight is brewing over Australia’s minimum wage. The Australian Council of Trade Unions (ACTU) is pushing for a 4% ($30 a week) increase: “Delaying increases in the minimum wage will delay the recovery from coronavirus and mean unnecessary hardship for millions of working people and their families,” an ACTU spokesman said. “Local businesses will
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Virgin Australia’s administrator received at least eight non-binding indicative bids for the failed airline on 15 May. Vaughan Strawbridge of Deloitte will shortly draw up a short-list of bidders for the next phase of the sale process, and some are said to be pushing for this to feature just two prospective buyers. Meanwhile, three parties
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Robert Klaric, the founder and CEO of The Property Expert International, was interviewed by Sky News whereby he claimed that “virtually, across the board, we’re seeing around a 10% correction to our market already in the last six-week period”. Klaric also forecast that we are “likely to see a 10 or 20 per cent reduction
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In the wake of last week’s absurd 6.2% unemployment rate for April, the Australian Bureau of Statistics (ABS) has released an explainer on why it has included those on JobKeeper as employed: JobKeeper payments will provide an estimated $130 billion of support from the Australian Government to eligible employers. The payments will be made by
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With social distancing likely to be the norm over the next two years, the notion of sardine-packing residents into trains, buses and trams is obviously no longer viable if Australia is to contain outbreaks of COVID-19. Indeed, New South Wales Premier Gladys Berejiklian has recommended state residents who use public transport should “consider different ways to
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Via The Guardian: The Greens have proposed increasing government debt by $300bn in a bid to kickstart the economy out of the Covid-19 contraction through investments in industry, infrastructure and renewable energy. The Invest to Recover plan, released on Monday, sets up the Greens’ economic argument leading into the next election as a battle against Coalition austerity
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Four-in-five self-employed Australians have seen their profits hit as a result of the economic contraction caused by COVID-19, according to a survey by the ANU Centre for Social Research and Methods. The ANU’s survey also found that almost one-third do not think their businesses will be viable in two months unless economic conditions improve. Just
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There are two reasons to think that it will. The first is that the Chinese recovery is terrible and the PBOC has already mooted more aggressive easing. The second is that the trade deal with the US is all but dead, via Nordea: …the trade deal between US and China was stone dead from the
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