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government bonds

The $2553 hit to Aussie bank accounts

Australians are being urged to consider what they’re doing with their savings as inflation continues to savage their purchasing power. Calculations from fixed income investment app Blossom have found that the average Australian could lose…

Banking nightmare Australia nearly faced

Australia’s financial sector was better equipped to deal with the Covid pandemic thanks to a suite of reforms introduced during the global financial crisis. Senior Reserve Bank of Australia official Jonathan Kearns told the Australian…

World leader slammed over $900 shoes

As the UK hurtles towards a prolonged economic crisis — with interest rates soaring and inflation rocketing — the nation’s leader has been clocked wearing designer shoes worth almost $900.Critics on social media have blasted the new UK…

US dollar rise endangering other currencies

The dazzling rise of the US dollar, which has hit one record after another, is raising fears of a currency crash of a severity not seen since the 1997 Asian financial crisis reverberated around the world.The Federal Reserve’s rapid, steep…