Infrastructure spending promises boost for industry

Plans to pump money into rebuilding the nation’s roads, bridges and other infrastructure could give companies that make machinery and materials a solid foundation for growth. Caterpillar, with its heavy machinery, and construction materials company Vulcan Materials could see years of additional business as roads and bridges are rebuilt and buildings are modernized. The benefits would be even broader, impacting […]

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US Reports 12K New COVID Cases, 375 Deaths

The United States on Wednesday reported 12436 new coronavirus infections, taking the national total to 33,577,712. This is higher than the 7-day average of 11310. 375 new deaths reported on the same day took the total COVID death toll in the country to 602,837, as per the latest data from Johns Hopkins University. The 7-day average of COVID deaths is […]

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The Grim State of Household Incomes

In the week ended June 6, only 2.3 per cent of the households reported that their incomes were higher than a year ago.This was the lowest-ever proportion of households reporting an increase in income in any week, reveals Mahesh Vyas. In May 2021, the index of consumer sentiments fell by a massive 10.8 per cent compared to its level in […]

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Climate watchdog says Britain lacks a strategy to meet its goals.

An influential watchdog group on Thursday said the British government was doing far too little to implement the ambitious pledges it has made on tackling climate change. Although the government has promised to cut its greenhouse emissions to net zero by 2050, it has failed to take interim steps — such as tax incentives for reducing emissions — essential to […]

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No Westpac NZ listing a blow to local sharemarket

Institutional investors say Westpac’s decision not to demerge its New Zealand business is a disappointment and a blow to the local sharemarket. The dual ASX/NZX-listed Australian bank Westpac Group announced Thursday morning it would keep its New Zealand business after a detailed review found a demerger would not be in the best interests of its shareholders. Westpac confirmed it was […]

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