Business By Ben Morris Business reporter, BBC News 7 February 2019 comments Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.com/news/business-47155537 Read more about sharing. These are external links and will open in a new window Close share panel The Bank of England expects growth this year to be the slowest since 2009 when the … [Read more...] about Bank forecasts worst UK growth since 2009
Australia gdp growth
THERE ARE two ways to film the banana-skin joke, said Charlie Chaplin. The first begins with a wide shot of a man walking down Fifth Avenue. Cut to the banana skin on the pavement. Go to a close-up as foot meets peel. Then pan out to reveal the man landing on his backside. Ha ha ha. The second version is like the first except in this one the man spots the banana skin and carefully sidesteps it. Blind to other hazards, he smiles to the camera—and immediately falls down an open manhole. Get our daily newsletter Upgrade your inbox and get our Daily Dispatch and Editor's Picks. The second version is funnier, perhaps because it carries a deeper truth: a mishap avoided can lead to a greater calamity down the road. This seems to be a pattern in financial affairs. Japan dodged the banana skin of America’s 1987 stockmarket crash, only to disappear down a manhole a few years later. Emerging Asia brushed aside the Mexican crisis but imploded later on. Britain sailed through the … [Read more...] about Australia has dodged many banana skins. Is it about to come a cropper?
Australia's buoyant economy posted strong growth in the second quarter of the year on the back of increasing exports, consumer and government spending, official data showed Wednesday. The economy expanded by 0.9 percent in the March-June quarter, following 0.7 percent growth in the first three months of the year, to take the annual rate of growth to 3.4 percent -- the fastest pace since September 2012. The quarterly reading was far above market expectations of 2.8 percent, and comes after the previous quarter's year-on-year reading of 3.1 percent. The increase sent the Australian dollar jumping almost half a cent to 72.17 US cents. "The national accounts for the June quarter highlight the strength and the resilience of the Australian economy, which is in its 27th year of consecutive economic growth," Treasurer Josh Frydenberg told reporters. "The economy is strong, the fundamentals are good and momentum has continued and these are an encouraging set of numbers." The economy has … [Read more...] about Australia’s economy powers ahead as consumers keep spending
With the Australian population set to tick past 25 million people at about 11pm on Tuesday, the government is seeking to encourage new migrants to live and work outside Sydney and Melbourne. Of the 111,000 new skilled migrants who arrived in Australia last year – the largest cohort of permanent arrivals – 87% settled in the two biggest cities. The minister for citizenship and multicultural affairs, Alan Tudge, was due to argue in a speech on Tuesday for a greater geographic spread of migration, to relieve pressure on housing and infrastructure. “If the population was distributed more evenly, there would not be the congestion pressures that we have today in Melbourne and Sydney,” the text of his speech to the Business Council said. “However, at the moment, nearly all the migration is to our two largest cities. “Meanwhile, we have other parts of Australia wanting more people. South Australian premier Steven Marshall, for example, has said that they … [Read more...] about As Australia’s population hits 25m, regions cry out for skilled migrants
AN Australian credit card comparison website, headed by two Ballymena brothers has announced the seven-figure acquisition of a Singapore company.Credit Card Compare was founded in 2008 by Andrew and David Boyd and has grown to become Australia's largest comparison website in its field. In line with an ongoing growth strategy the firm has purchased Singaporean comparison site, Finty in its first foray outside of the Australian market. Finty is Singapore's first rewards-based financial comparison marketplace.Andrew Boyd, who splits his time between Northern Ireland, Australia, and now Singapore, believes the latest acquisition will give the Australian company a foothold in Asia's growing market for financial services.“We wanted to expand and, with Singapore as the natural gateway to the fast-growing ASEAN (Association of Southeast Asian Nations) region where GDP growth outpaces that in Australia, it seemed like a natural move. This acquisition is a key plank in our company's growth … [Read more...] about Australia-based Ballymena brothers complete seven-figure acquisition of Singapore company