Tag: economy
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So what happens now: Post-election?
It has been a rough couple of days for Coalition leader, Malcolm Turnbull and Opposition Leader, Bill Shorten. With no result on Saturday night about the winner and statistics coming back a quarter of voters chose the Independent parties first, this could be a good change for a stable political environment. The Liberal government are struggling…
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Movies that have taught us how to be a Super-Manager
A good manager is someone who creates a friendly and productive work environment by proper communication and good ethical behaviour. Entrepreneur gives us lessons from big-time movies that have an effective message for leadership. But how do we become these sorts of people without much guidance or help from others? We take a look at four famous movies, Office…
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Waldorf Astoria turned into housing
The world’s most iconic hotel, Waldorf-Astoria, has been taken over by Chinese investors and turned into luxurious apartments. The Chinese company in charge, Anbang Insurance Group Co, bought it for $1.95billion in 2014 and plans to refurbish the whole building. The hotel is expected to close in 2017 and reopen three years later in 2020. Parts of…
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Second petition for Brexit
Last Thursday, the United Kingdom announced they will no longer be a part of the European Union resulting in their economic stance to be in strife. The ‘leave’ campaign won by 52% with 30 million voters. Many are concerned over the UK not staying as they are aware of the effects of leaving the Union. A petition…
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Britain to say bye to EU membership
Britain has left the European Union to the shock of many, including Prime Minister David Cameron, who’s none too pleased by this. If Britain is to sign on the bottom line, there may potentially need to be several changes made to trade tariffs, migration and the regulation of cars to agriculture. It’s going to have a rippling effect on the…
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Turnbull pledges to help protect the Great Barrier Reef
Climate change has significantly damaged our beloved Great Barrier Reef and it’s time to do something about it. The Coalition have pledged to grant $1 billion to help protect the Reef’s coral bleaching and improvement on water quality. With United Nations Educational, Scientific and Cultural Organisation (UNESCO) placing the Reef on the endangered list, serious action…
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Australia’s GDP exceeds expectations
Australia has experienced unexpectedly high growth in its Gross Domestic Product in the first quarter. The GDP rose 1.1% in the March quarter, elevating the annual rate to 3.1% overall. This is much higher than the 0.8% quarterly and 2.8% annual growth that had been projected by economists. The Australian Bureau of Statistics says the…
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Worst decade of Australian income growth
Australia needs to lift its productivity otherwise we may be about to experience the worst decade of national income growth in almost 50 years. Potential growth has fallen to 2.5% from 3.25%. NAB Group economists James Glenn and Riki Polygenis revealed this and say it is “below recent estimates from the Treasury and the RBA” of…
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ANZ announces 200 job cuts due to economic conditions
Two hundred ANZ employees will be saying farewell to their positions at the bank due to poor economic conditions. The Australian & New Zealand Banking Group currently has 48,896 employees and over the six months up to March, have reduced its full-time work force by 1,256. The bank advised their staff of the redundancies with cuts…
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Cash Converters in Trouble in Queensland
Cash Converters has hit another bout of difficulty with a $17 million class action lawsuit being filed against them in Brisbane this week. This follows the previous lawsuit they faced last year in New South Wales, where they were ordered to play $23 million to over 35,700 customers. The company is accused of charging interest rates…