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UK delegates from 21 companies in the South West region will make the annual trek to Australia next week to explore new business opportunities, following closely on a visit by Sir Andrew Cahn, CEO of UK Trade & Investment (UKTI). Cahn dispelled a few myths about the UK’s economy, pointing to its solid economic growth [...]
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Emergence of the BRIC (Brazil, Russia, India and China) economies will be one of the greatest influences and opportunities for business and investment in the next decade. Just as Britain grew to dominance during the industrial revolution of the 1800s and the US during the 1900s, this century will, and is already seeing, the emergence [...]
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The global economy is still at risk with Europe and USA’s public debt on the rise, according to a report by the Bank for International Settlements (BIS), the coordinating body for central banks worldwide. BIS indicated that public debt in the major markets of Europe and the USA had replaced the private debt that triggered [...]
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As often happens when a successful outcome is achieved, many flock to take credit. When Australia came through the global financial crisis without falling into a recession, the Government claimed the stimulus package was the catalyst, the Opposition said it was the very positive surplus they left behind, while others simply said it was avoided [...]
...read moreI have a friend who carries around a large handbag everywhere, yet never has enough room in it to fit even small things she has bought. This is because in addition to the usual arsenal of purse, mobile phone, keys and skincare products, it is filled with a number of items to be used in [...]
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India’s continued economic growth will provide a number of export and investment opportunities to Australia, according to Austrade’s New Delhi-based senior trade commissioner Peter Linford. “India is Australia’s fourth largest export market, with merchandise exports growing by 65 percent from the previous year to $15.4 billion in 2008/09. But there are more opportunities for growth,” [...]
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While factory output from Japan has risen this year, the Japanese government warns that a fall to consumer prices may negatively affect the renewed economy. The latest data shows a 2.5 percent rise in industrial output in January, compared to December last year, with overseas demand for goods – in particular cars and electronic goods [...]
...read moreA leading economist at the Organisation for Economic Co-operation and Development (OECD) warns that chances of a second global recession are strong. “There are many icebergs the ship has to negotiate before we’re out of jail here. This is going to be a 10-year process, not a one year process,” said deputy director of the [...]
...read moreThe International Monetary Fund managing director Dominique Strauss-Kahn says the organisation needs to update its mandate and will seek new authority to supervise the global financial system. Following the IMF’s role in the recent global financial crisis, Strauss-Kahn says it’s only natural for the organisation to transform “into an institution even better equipped to meet [...]
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India’s economy will have grown by 7.2 percent this fiscal year, according to the latest forecast by the Indian government. The prediction puts growth back to pre-global financial crisis levels. “This is quite encouraging. The government should now gradually withdraw stimulus and the process of fiscal consolidation must start by this year’s budget,” said Dr [...]
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