SYDNEY: Westpac Banking Corp chief economist Bill Evans expects Australia’s central bank will begin its interest rate tightening cycle in August with a 15 basis point hike, as strong jobs growth drives faster inflation. The Reserve Bank of Australia( RBA) will follow that up with another 25 basis point increase in October, Evans said in a research note.He had previously seen the RBA’s first hike in February next year. Evans sees a further five hikes from the RBA from end-2022 through 2023 and 20

Join our Whatsapp channel DUBAI: Dubai commuters may soon have a new way to skip traffic: air taxis.... Joby Aviation conducted the first test flight of its fully-electric air taxi in the emirate this week, a major milestone in the city’s efforts to integrate airborne transport into existing mobility networks as early as next year. Joby hopes its air-taxis will ease pressure on existing ground transportation and offer travelers a faster alternative as Dubai faces increasing congestion.... “ We

Federal Reserve Governor Christopher Waller said a faster wind-down of the U.S. central bank’s bond-buying program positions it to start raising interest rates as early as its March meeting to contain inflation that is “ alarmingly high.” “ The whole point of accelerating the tapering was to end it much faster in March so the March meeting could be a live meeting.... That was the intent, ” Waller said Friday in response to a question after a speech to the Forecasters Club of New York.... “ It’

WASHINGTON: The Federal Reserve on Wednesday will close the door on its ultra-easy pandemic-era monetary policy and step up the fight against stubbornly high inflation with the first in what is likely to be a series of interest rate hikes his year. The shift, beginning with an expected quarter-percentage-point increase in the U.S. central bank's benchmark overnight interest rate, has been in the works since last fall and has already driven up the cost of home mortgages and other key types of cre

SpaceX announced on Saturday the successful liftoff of 52 Starlink communication satellites into

communication problem between the observatory and the rocket. Liftoff of the James Webb Space

Alpha rocket was" terminated" over the Pacific Ocean shortly after its 6: 59 p.m. Thursday liftoff from

Rocket Explode After Liftoff 0: 17 Rare Total Eclipse Visible From Australia 1: 46 NASA Announces

Explodes After Liftoff 0: 23 Ship Crashes Into Bridge in Guangzhou, China 2: 22 How an Election Shattered

After Liftoff 0: 23 Ship Crashes Into Bridge in Guangzhou, China 2: 22 How an Election Shattered the