Australia Is Destroying Aboriginal Heritage Sites for Mining Profit
June 10, 2020 at 08:03 AM
When it comes to Aboriginal land rights in Australia, several contradictions emanate. In May, the Yindjibarndi Aboriginal Corporation which represents Aboriginal communities, won exclusive native title rights to land which is mined by Fortescue Metals Group. Read More »
Expect unemployment rates to hit ‘Great Depression’ level, warns Trump’s economic advisor
April 28, 2020 at 03:30 AM
White House senior advisor Kevin Hassett says US economy is in “grave situation” and the unemployment rate could be hitting the same numbers seen during the Great Depression due to the Covid-19 pandemic. Read More »
South Asian nations to face worst economic slump in 40 years as coronavirus cripples economies — World Bank
April 15, 2020 at 02:41 AM
The Covid-19 pandemic will likely slow South Asia’s once-bustling economies to the lowest level seen in decades, the World Bank has warned in its latest report. Read More »
Covid-19 may cause deepest economic crisis ‘of our lifetimes’ — WTO chief
April 13, 2020 at 02:39 AM
The coronavirus pandemic is likely to spark an unprecedented fall in global trade as well as an economic crisis rivaling the Great Depression, the head of the World Trade Organization (WTO) has warned. Read More »
Pound sterling PLUNGES after PM Johnson moved to ICU due to Covid-19
April 08, 2020 at 02:52 AM
The British pound has fallen sharply in value compared to the dollar and euro following coronavirus-stricken UK PM Boris Johnson’s admission to an intensive care unit after his condition “worsened” in the hospital. Read More »
Coronavirus lockdowns shave off almost 30 percent of entire US economy — Moody's
April 06, 2020 at 04:57 AM
As stay-at-home orders to battle the coronavirus are effective in most states, the virus-related restrictions have already shed 29 percent of US daily output, Moody's Analytics warns as cited by the Wall Street Journal. Read More »
Oil price drops to 18-year low on crashing global demand
April 01, 2020 at 04:19 AM
The global economic slowdown has caused oil prices to fall to the lowest since 2002, with Brent crude sliding more than seven percent on Monday to just $22 a barrel. The industry is facing its largest demand drop in history. Read More »
IMF warns coronavirus recession could be worse than 2009
March 24, 2020 at 05:25 AM
The International Monetary Fund (IMF) has issued a grim warning for the global economy, saying that a worldwide recession caused by the ongoing coronavirus pandemic could be even worse than the one from 11 years ago. Read More »
Global stock markets plunge despite drastic action by governments as coronavirus paralyses economies
March 19, 2020 at 03:07 AM
World equities continued to fall on Monday, even as the US Federal Reserve slashes rates to zero and launches a massive quantitative easing program to try to offset the coronavirus impact on the global economy. Read More »
Coronavirus pandemic could cost millions of jobs in travel industry
March 17, 2020 at 05:06 AM
The World Travel and Tourism Council (WTTC) said this week that up to 50 million tourism jobs could be lost because of the Covid-19 pandemic as it "presents a significant threat to the industry." Read More »
