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AUSTRALIA RECESSION
Canada introduces legislation to ban social media for children under 16, regulate AI chatbotsThe bill also aims to make AI chatbots safer by setting up a digital regulator to establish safety standards, a government official said. C...- Can’t find a job after graduation? Blame WFH, not AIRecent graduates are blaming AI for a tough job market, but new studies suggest remote work is the primary culprit. WFH policies make it ha...
- War weighs on global growth with price worries intensifyingGlobal economic momentum is slowing. Businesses face rising inflation pressures due to an energy crunch. Manufacturing and services sectors...
- 'Rs 70 lakh to study Master's in Australia!': 2 years later, after loan pressure, recession, two promotions, her life looks completely differentA family's significant investment in overseas education for their daughter in Australia initially faced skepticism. After a challenging sta...
- Missiles over Dubai rattle the Gulf’s billion-dollar money machineThe Gulf's image as a safe financial haven is under strain as regional conflicts disrupt deals and deter investors. Once booming IPO market...
- War crisis revives stagflation dangers for global economyGlobal business surveys this week will reveal the escalating impact of seven weeks of Middle East conflict on growth and inflation. Initial...
- Global finance ministers warn of prolonged market impact from Middle East conflictGlobal finance ministers warn the Middle East conflict will continue to impact growth and inflation. Even a lasting peace will not immediat...
- Global Markets | Australia Inc starts to feel Iran war fallout, raising stagflation riskAustralia's economy faces a stagflationary shock as the Middle East conflict drives up fuel prices. Top companies like Qantas and Westpac a...
- Australian consumer sentiment slides as rates, inflation surgeThe Westpac-Melbourne Institute index of consumer sentiment released on Tuesday slid 6.9% in November from October, to be down almost 26% o...
- Australia bounces out of coronavirus-induced recession, economy grows 3.3 percentDespite the latest quarterly rise, the economy contracted at a 3.8% annual pace. That's after GDP fell by 0.3% in the first quarter and the...
- Australian banks complain they have too much money, more may be on the wayFurther measures to spur credit demand are on the cards, including scrapping "responsible lending" laws, and on Tuesday the Reserve Bank of...
- Australia heading for recession after economy contractsThe 0.3 percent contraction was the first quarterly drop since 2009 during the global financial crisis and came as the lockdown exacerbated...
- Australia unveils $11.4 billion stimulus to curb coronavirus impactDespite only affecting about 120 people in Australia so far, economists are expecting the widening epidemic to cause a recession in the sec...
- The secret to Australia avoiding recession: Mass immigration from India, ChinaA flood of arrivals that’s swelled the population by 50% over the past 3 decades has allowed governments to boast of avoiding recession sin...
- Australia economy grows 0.4%, recession avoidedAustralia's economy expanded 0.4% in the three months to March, avoiding a technical recession defined as two consecutive quarters of negat...
- Rudd says Australia recession 'inevitable'Australian PM Kevin Rudd conceded for the first time Monday that Australia was heading for a recession, saying it was inevitable in the cur...
- Australia facing recession, minister saysAustralia is facing a recession, Assistant Treasurer Chris Bowen said on Tuesday, in the government's bluntest assessment yet of the countr...
- Australian unemployment jumps to 4-year highUnemployment in Australia rose to its highest level in nearly four years, showing global downturn continues to bite despite big interest ra...
- Australian economy sees first contraction in 8 yearsAustralia's economy contracted for the first time in eight years with a shock 0.5 percent negative growth rate in the December quarter, off...
- Recession in West, Australia reaches out to IndiaWith recession hitting the US and Europe, Australia today reached out to India, discussing ways to deal with the international crisis throu...
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