Category World News

World News

Russia and Saudi Arabia’s Cuts Global Oil Production

Russia and Saudi Arabia’s Cuts Global Oil Production
In a synchronized move, Saudi Arabia and Russia recently announced their decision to extend oil supply cuts through the entirety of 2023. This pivotal decision has significant implications for the global oil market, which has already witnessed soaring prices in recent weeks. Both Russia and Saudi Arabia's Cuts Global Oil Production, they are two major oil-producing nations, this will result in changes in crude oil prices, and the profound impact on the world.

Westpac Group FY 2023 Net Profit AUD 7.2 bn

Westpac Group FY 2023 Net Profit AUD 7.2 bn
Westpac reported a substantial 26% increase in annual profits for FY23. The financial giant's net profit attributable for the year ended September 30 reached a notable A$7.20 billion, a significant leap from the A$5.69 billion in the previous year. This achievement is a testament to the bank's operational improvements and successful growth in various key markets.

Over 150 Casualties in Nepal Earth Quake

Over 150 Casualties in Nepal Earth Quake
A powerful series of earthquake's struck remote western Nepal on 04 Nov 2023 between 04.55 AM UTC and 13.08 PM UTC. Government agencies reported over 150 Casualties in Nepal Earth Quake. The affected regions include the rugged districts of Jajarkot and West Rukum, located 500 km west of the capital city, Kathmandu.

Victoria’s Record Breaking Earthquake Shaking Grounds

Victoria’s Record Breaking Earthquake Shaking Grounds
In the quietude of the night, thousands of Victorians were jolted from their slumber as the earth beneath them quivered and rumbled. An earthquake, with a magnitude of 5.0, struck near the picturesque Great Ocean Road, leaving its indelible mark on the region. This seismic event, accompanied by a magnitude-3.6 aftershock, has sent shockwaves through the area and captured the attention of experts and residents alike. Both these events were Victoria's Record Breaking Earthquake Shaking Grounds for residents in their sleep.

Australians to expect another rate rise in Nov 2023

Australians to expect another rate rise in Nov 2023
Australia is grappling with a surge in inflation, sparking concerns among policymakers at the Reserve Bank of Australia (RBA). The central bank has indicated that its willingness to raise interest rates hinges on upcoming labor market and inflation data. The RBA has expressed a low tolerance for prolonged inflationary pressures, signifying a potential rate hike in the near future. Australians to expect another rate rise in Nov 2023.

Voice Referendum a failure worth AUD 450 million

Voice Referendum a failure worth AUD 450 million
Australia witnessed a significant setback in its journey towards reconciliation with Indigenous communities as a proposal to recognize them in the constitution was resoundingly rejected in a historic referendum. In the first national referendum in nearly 25 years, Voice Referendum a failure worth AUD 450 million.