Was shadow minister for finance Jim Chalmers correct when he said that under the current Coalition government, net debt had doubled? We asked the experts.
Kenya’s debt levels are rising at an alarming rate.
Hyejin Kang/Shutterstock
While the hurricanes last year dealt devastating blows to Puerto Rico, its challenges predate the storms and continue on today. They also offer new opportunities.
In the film Iron Man 2, Elon Musk (playing himself, in white), meets one of his sources of inspiration: Tony Stark (R. Downey Jr.), super-hero of the Marvel Universe.
DisneyPixar
Elon Musk is an open admirer of the fictional Tony Stark, whose alter‑ego is none other than Iron Man. But Tesla’s recent financial results prove Musk to be more vulnerable than his hero…
Financial decisions can be a real maze.
Andrii Vodolazhskyi/Shutterstock.com
Research suggests that the reason people may put off funding their 401(k) plans or managing credit card debt is because our perception of finance as ‘cold’ conflicts with our hot-blooded emotions.
Alberto Cardaci, Università Cattolica del Sacro Cuore - Catholic University of Milan
Under some circumstances, people may feel wealthier than they actually are and this makes them psychologically more prone to increase their spending, as well as their borrowing.
Prime Minister Malcolm Turnbull shaking hands with Tongan Prime Minister Akilisi Pohiva at last year’s Pacific Islands Forum in Samoa.
Lukas Coch/AAP
Australia has long been concerned about foreign powers gaining influence in the Pacific, but China’s involvement in the region may not be as nefarious as it fears.
The collapse of an obscure corner of the financial market a decade ago foreshadowed the Great Recession. The stock-market swoon in February should offer a similar warning.
Yi Gang will take over the leadership of China’s central bank from Zhou Xiaochuan, who had been in the position since 2002.
International Monetary Fund/Flickr
As the governor of China’s central bank oversees the stability of the world’s second largest economy, this leadership change is one the global economy is watching closely.
South Africa’s 2018 budget does not go far enough. Perhaps finance minister, Malusi Gigaba was caught up in the euphoria of the widely welcomed state of the nation address by Cyril Ramaphosa.
South Africa’s Finance Minister Malusi Gigaba arrives to deliver his budget address.
Reuters/Mike Hutchings
In announcing free higher education, South African President Jacob Zuma, lobbed a populist hot potato at the ANC elective conference but it’s ordinary people whose fingers will be burnt.