Australian trade has been expanding despite international trade slumps, says new documents released by the Department of Foreign Affairs and Trade (DFAT).
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UK Trade and Investment (UKTI) is encouraging Australian and New Zealand businesses to launch in the UK with its new business plan competition, Go UK.
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Europe’s leaders will do just about anything to prevent further escalation of the current debt crisis, the International Monetary Fund has said.
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Maersk is upgrading its fleet with an order for 10 new container vessels to be built by Korea’s Daewoo Shipbuilding & Marine Engineering. The new USD190 million Triple-E class ships scheduled for delivery between 2013-15, with an option on an additional 20, will be the largest of any type currently sailing at 400 metres long, [...]
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Ukraine is emerging as the gateway to growing markets in Russia and Eastern Europe. No longer just a Soviet hangover, Ukraine is becoming an economic power in its own right. It’s a market with a population twice the size of Australia, strategically positioned between Eastern Europe, Russia and the Middle East, thus with the potential [...]
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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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Reserve Bank Governor Glenn Stevens has warned that while the European debt crisis will not have a severe effect on Australia directly, its indirect influences will need to be monitored. Stevens noted that Europe only accounts for about five percent of Australian exports and “those exports have been declining over the past few years anyway [...]
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There’s far too much negative commentary, perceptions and ignorance out there about Russia. Back in the dark days of the GFC, the doomsayers predicted an Armageddon scenario in eastern Europe, with escalating debt, banking collapses and corporate failures likely to wipe Russia and some of its neighbours off the economic map for at least a [...]
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Figures from April have been released showing that arrivals to Australia fell by more than 25,000 in that month, according to industry organisation the Tourism & Transport Forum (TTF). The TTF indicated that the eruption of Icelandic volcano Eyjafjallajokull contributed to the fall. The drop was a decrease of 5.6 percent compared with arrivals in [...]
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The sovereign debt crisis in Greece has infected the eurozone and will hinder global economic growth, according to Roger Donnelly, chief economist at government credit agency Export Finance and Insurance Corporation (EFIC). Donnelly says because the eurozone comprises 20 percent of world GDP and 16 percent of the world’s importing, any funding problems would cause [...]
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