Economy

Victoria’s East West Link funding unlocked

Edited by Nelly T. The Turnbull government has unlocked the earmarked federal funding for Victoria’s East West Link. Part of the $1.5 billion will go to widening the Monash Freeway, which the state government will cooperatively fund the Prime Minister hopes. A list of alternative projects that could be funded with the money allocated for the dumped East West Link ...

PM rebukes banks over treatment of customers

Edited by Nelly T. The big banks were publically reprimanded by Prime Minister Malcolm Turnbull over customer mistreatment after a series of scandals over ruinous financial advice Mr. Turnbull has urged them to redress their wrongs. The Prime Minister warned the banks that if their poor conduct and pay practices continued they will endanger their social licence. “The singular pursuit ...

Australian Rates Hold at 2%

Edited by Nelly T. For the 11th time in a row the Reserve Bank of Australia (RBA) has left it’s interest rate unchanged at two percent. Apprehensions about leaving the persistently high Australian dollar rates on hold were shrugged off by the RBA who appear unconcerned. The wider market and economists seemed to expect the lack of movement. “The recent ...

800 Australians identified in Panama Papers leak

Edited by Nelly. T The unprecedented leak of more than 11 million documents from Panamanian Law Firm Mossack Fonseca has resulted in the investigation of 800 Australian residents by the Australian Tax Office (ATO). The residents were among those named in a massive leak of tax and financial records known as the Panama Papers. The information was obtained by the ...

Turnbull works to rectify health cuts

Edited by Nelly Tawil Prime Minister Malcolm Turnbull has confirmed he is working to rectify Tony Abbott’s grievous hospital funding cuts. Although he wouldn’t confirm any dollar figure, reports imply it’ll cost $5 billion. Mr. Turnbull is expected to meet state premiers and territory chief ministers in Canberra later this week to give a proposal to maintain activity-based funding and ...

DO NOT LET FEAR BE PART OF LIFE IN EUROPE

WRITTEN BY KALAHAN DENG   To all peace, love, and harmony haters; God’s love and acceptance are not based on your performance of wickedness such as murdering innocent people. But the love of God is unconditional to all humanity regardless of their differences in beliefs, races, genders and languages. The love of God is patient, kind; it does not envy, ...

Focus sharpens on Fed after hot inflation data

With next week’s calendar full of economic data releases and speeches by economic policymakers, investors have been poised to watch the Federal Reserve for clues about the U.S. central bank’s next move, but an unexpectedly hot reading on inflation on Friday will further sharpen that focus. After coming into 2016 with an expectation of three or four interest rate hikes ...

14 Crazy Things You Didn’t Know About Dubai

WRITTEN BY EDITOR KALAHAN DENG The desert playground of Dubai is a bit of an enigma. It’s part of the Muslim world, yet has a nightlife that rivals Sin City. It’s dripping with money, yet is built by impoverished slave labor. Middle-east and western values collide in this eclectic city of extremes. Many foreigners who visit are impressed by its ...

Women start out as ambitious as men but it erodes over time, says researcher

Prof Michelle Ryan, who is in Australia to deliver a lecture, says women become wearied by fighting against the barriers they face and their ambition drops Many women are just as ambitious as men when they begin their careers, but become so wearied by fighting against multiple structural and experiential barriers to their success that this ambition often wanes. This ...

Bellamy’s apologised the shortage of infant formula due to overseas markets

Bellamy’s Australia has now apologised to its customers, many of whom have been unable to find cans of formula in their local supermarket. The Tasmania-based company, which makes Australia’s only certified organic infant formula, blamed “unprecedented demand” for its products last month. Following angry comments from customers, Bellamy’s said on its Facebook page that “purchases of products solely for the ...

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