Author: australia

Australian universities to lose colossal amount due to epidemic

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Australian universities to lose colossal amount due to epidemic

Australia Posted on 06/03/2020 at 9:02 a.m. Pixabay SAVE THIS ARTICLE                                                                    SAVED Australian universities could lose 10 billion euros due to the consequences of the border closure. Education is the third largest export sector in the country. The coronavirus pandemic will result in a considerable shortfall for Australian universities. The losses linked ….  Read More

Australian authorities to support tourism after devastating fires

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Australian universities could lose 10 billion euros

Australian universities estimated on Wednesday that losses linked to the absence of foreign students due to the closure of borders to fight the coronavirus could amount to 10 billion euros. The lobbying group Universities Australia stressed that this shortfall will have lasting consequences on higher education establishments, but also on research and innovation. Education represents ….  Read More

Global stocks and oil extend gains over hopes of economic recovery

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Global stocks and oil extend gains over hopes of economic recovery

World stocks and oil prices have surged, hopes for a rapid global economic recovery from the coronavirus pandemic and continued support from central banks have helped offset increased geopolitical risks. On Wednesday, at the start of the session in Asia-Pacific, the Japanese benchmark Topix rose 0.6%, the Hang Seng in Hong Kong by 1.2% and ….  Read More

Summary of main economic information for Wednesday 15 January 2020

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Australia-Q1 economy shrinks, recession in sight

SYDNEY, June 3 (Reuters) – The Australian economy has contracts in the first quarter when the country was hit by large fires and by the health crisis linked to coronavirus, which has caused business closings and losses jobs, foreshadowing of the first technical recession for three decades. According to data released Wednesday by the National ….  Read More

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Coronavirus: Australian interest rates cut to historic lows

In the climate of uncertainty that the coronavirus epidemic weighs on the economy, the Australian central bank has taken action. The Reserve Bank of Australia (RBA) announced on Tuesday that it will lower its key rate from 0.75% to 0.50%, its lowest level in history. The expansion of the coronavirus “obscures” the horizon of world ….  Read More