The government's new homebuyer grant scheme has already sparked a flurry of excitement - but it seems not everyone will benefit. "From today until 31 December 2020, HomeBuilder will provide all eligible owner-occupiers - not just first home buyers - with a grant of $25,000 to build a new home or substantially renovate an existing home", the Prime Minister, Treasurers, and Housing Minister outlin... [Full Article...]
In addition, an actionable way to support your POC allies is to shop from black-owned businesses-not just today, but every day. The List can be found on COAACC's website at coaacc.org/thelist . Shoppers can share their experiences on social media using the hashtags #BuyBlackThursdays, #BuyBlack and #ShopBlack. We will continue to add to this list as events evolve and more resources become availab... [Full Article...]
Treasury were contemplating a fall in GDP of more than 20 per cent in the June quarter. "This was the economists' version of Armageddon", he told reporters at Parliament House. Frydenberg said the government would provide an update on the economy and stimulus programs in July. Possibly the most hazardous peril over the edge of that "fiscal cliff" was a newfound urgency in people to save for a ra... [Full Article...]
The Organization of the Petroleum Exporting Countries and others including Russian Federation may extend production cuts of 9.7 million barrels per day (bpd), or about 10 percent of global output, into July or August, sources told Reuters. A meeting of the grouping known as OPEC+ is expected to be held online on Thursday. Iraq, which was the least compliant member of the OPEC+ pact in the previo... [Full Article...]
Oil fell on Wednesday after jumping for awhile above $40 a barrel, the highest since March, then retreating as doubts emerged about the timing and scale of a potential extension to the pact between OPEC and its allies to cut crude supplies. [Full Article...]
The Chancellor, Rishi Sunak has announced (Friday 29th May) new plans to extend the Self-Employed Income Support Scheme for those Sole Traders or Partnership companies out there. From 1 August 2020, the government will continue to pay 80% of the furloughed employee's salary (subject to the £2,500 cap), but employers will have to meet the cost of employers national insurance contributions... [Full Article...]
The newspaper said that Britain's National Security Council agreed on Tuesday to "rebalance" Britain's relationship with China . Hong Kong succeeds because its people are free. Wong said that after U.S. President Donald Trump threatened to impose sanctions on Hong Kong last week, the momentum should be kept to build a "global alliance to stand with Hong Kong ". [Full Article...]
Vietnam, Malaysia and the Philippines saw PMIs rebound from April, though the indices all remained below the 50-mark threshold that separates contraction from expansion. The coronavirus-led lockdown has led to a sharp deterioration in business conditions during May. "Employment in the sector continued to contract, but the pace of job shedding did slow appreciably from April", he added. [Full Article...]
The government's new homebuyer grant scheme has already sparked a flurry of excitement - but it seems not everyone will benefit. "From today until 31 December 2020, HomeBuilder will provide all eligible owner-occupiers - not just first home buyers - with a grant of $25,000 to build a new home or substantially renovate an existing home", the Prime Minister, Treasurers, and Housing Minister outlin... [Full Article...]
In addition, an actionable way to support your POC allies is to shop from black-owned businesses-not just today, but every day. The List can be found on COAACC's website at coaacc.org/thelist . Shoppers can share their experiences on social media using the hashtags #BuyBlackThursdays, #BuyBlack and #ShopBlack. We will continue to add to this list as events evolve and more resources become availab... [Full Article...]
Treasury were contemplating a fall in GDP of more than 20 per cent in the June quarter. "This was the economists' version of Armageddon", he told reporters at Parliament House. Frydenberg said the government would provide an update on the economy and stimulus programs in July. Possibly the most hazardous peril over the edge of that "fiscal cliff" was a newfound urgency in people to save for a ra... [Full Article...]
The Organization of the Petroleum Exporting Countries and others including Russian Federation may extend production cuts of 9.7 million barrels per day (bpd), or about 10 percent of global output, into July or August, sources told Reuters. A meeting of the grouping known as OPEC+ is expected to be held online on Thursday. Iraq, which was the least compliant member of the OPEC+ pact in the previo... [Full Article...]
Oil fell on Wednesday after jumping for awhile above $40 a barrel, the highest since March, then retreating as doubts emerged about the timing and scale of a potential extension to the pact between OPEC and its allies to cut crude supplies. [Full Article...]
The Chancellor, Rishi Sunak has announced (Friday 29th May) new plans to extend the Self-Employed Income Support Scheme for those Sole Traders or Partnership companies out there. From 1 August 2020, the government will continue to pay 80% of the furloughed employee's salary (subject to the £2,500 cap), but employers will have to meet the cost of employers national insurance contributions... [Full Article...]
The newspaper said that Britain's National Security Council agreed on Tuesday to "rebalance" Britain's relationship with China . Hong Kong succeeds because its people are free. Wong said that after U.S. President Donald Trump threatened to impose sanctions on Hong Kong last week, the momentum should be kept to build a "global alliance to stand with Hong Kong ". [Full Article...]
Vietnam, Malaysia and the Philippines saw PMIs rebound from April, though the indices all remained below the 50-mark threshold that separates contraction from expansion. The coronavirus-led lockdown has led to a sharp deterioration in business conditions during May. "Employment in the sector continued to contract, but the pace of job shedding did slow appreciably from April", he added. [Full Article...]