Australia's central bank acknowledged on Monday that economic forecasts were subject to significant uncertainty, which has influenced policymakers' decision to maintain current interest rates while awaiting additional data. Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser, during a speech in Brisbane, noted that inflation had been persistent partly because...

LendingPoint, a US-based online lender specializing in direct-to-consumer loans, has appointed Shawn Stone as its new CEO and board member. Stone succeeds Mark Lorimer, who had been serving as interim CEO following the departure of co-founder and former CEO Tom Burnside in December. LendingPoint, founded in 2014 and headquartered in...

The BRICS alliance has extended official invitations to two new countries for the 2024 BRICS summit. Venezuela and Bolivia, both of which formally submitted their applications earlier this year, are the first nations to be invited to join the group. The 16th BRICS summit is scheduled to take place from...

China marked significant progress in its low-altitude economy over the weekend, as engineers conducted a test flight of the country's largest cargo drone to date while a helicopter taxi completed a trial run on a soon-to-be-launched 100-km route to Shanghai. The twin-engine cargo drone, capable of carrying a payload of...

The salaries of CEOs at the UK’s largest companies have reached unprecedented levels, with some earning as much as 120 times the average full-time worker's wage. According to a report by the High Pay Centre, the median pay for Chief Executives of FTSE 100 companies increased to $5.35 million in...

The July 2024 REINSW Vacancy Rate Survey indicates that residential rental vacancies across New South Wales remain critically low. Although there was a slight increase in Sydney's overall vacancy rate, rising by 0.1% to 1.8%, REINSW CEO Tim McKibbin emphasized that this figure still represents a historic low for the...

Recent figures from the Central Bank of Malta reveal a striking increase in wealth disparity across the country, with the richest 10% now controlling a staggering 90% of Malta's business wealth. According to data from the European Central Bank’s Distributional Wealth Accounts (DWA), the wealthiest 10% in Malta holds $51.4...

Susan Wojcicki, the former CEO of YouTube, has passed away at the age of 56. The news was shared by her husband, Dennis Troper, who revealed that Wojcicki succumbed to a long battle with lung cancer. Wojcicki's academic journey began at Harvard University, where she earned a Bachelor’s degree in...

The 2024 Summer Olympics in Paris officially came to a close on Sunday with a Closing Ceremony that followed a final day of competition, highlighted by Team USA's gold medal victory in women's basketball. The United States dominated the overall medal tally at the Paris Olympics, securing 126 medals and...