World

Will Australia escape a recession?

Published

7 months ago

November 4, 2022

William Howard

Australia might be able to avoid a recession, if the Treasurer’s predictions are correct

In Australia, Treasurer Jim Chalmers says the country will avoid a recession, but there are still tough times ahead.

As global economies continue to crumble, Australia’s Treasurer has optimism about the nation’s prospects of escaping a recession.

Speaking on the ABC, Jim Chalmers says he does not believe Australia is headed for its first recession since the 1990s.

The Treasurer concedes countries including the UK and the U.S. are at risk and this will have an impact down under, but it won’t be disastrous.

This is in line with comments made by the Reserve Bank of Australia back in September.

Chalmers says getting inflation under control is key to the country avoiding a recession, but warns painful times are still ahead.

This comes as the government attempts to tackle rising energy prices before Christmas.

He’s not ruling out subsidies or changes to how energy companies are being taxed if situation does not improve.

But the current focus still remains on changes to regulations, which includes price caps.

Data suggests Australian energy bills will rise by up to 56 per cent over the next two years. As residents begin to feel the pinch.

Related Topics:australia Economy Featured UK us

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Business

The Great Resignation vs. The Great Burnout

Published

1 hour ago

June 2, 2023

ticker NEWS

As employees recover from the height of the pandemic, the Great Resignation has come to light

The pandemic saw the term ‘the great resignation’ coined as thousands of people resigned from their jobs across the U.S. in 2021 and 2022.

Karin Reed, the author of ‘Suddenly Hybrid said the great resignation was a period of employees taking control of their future.

“A lot of people realised in their current environment they were not happy with what they were doing with their job. They chose to vote with their feet and go elsewhere,

In other parts of the world, a spike in resignations was not reported.

However, a higher degree of workers began reporting post-Covid burnout, as they made a return to the office.

“There’s been a blurring of the lines. You have work that’s not confined by a physical space.

“Instead of closing the computer and walk away, our computer is in the next room.”

World

Everything you need to know about music NFTs

Published

3 hours ago

June 2, 2023

ticker NEWS

Music NFTs are unique digital items comprised of a visual element like NFTs but also have a musical component.

Some analysts believe that music NFTs are the future of the music industry, while others say they might just be a fad that’s here today and gone tomorrow.

NFTs are non-fungible tokens. They are unique digital assets that live on the blockchain and can either be one-of-a-kind or one copy of many.

So, what are music NFTs?

Well, they are unique digital items comprised of a visual element like NFTs but also have a musical component. They also live on the blockchain and can be bought and sold.

Some analysts believe that music NFTs are the future of the music industry, while others say they might just be a fad that’s here today and gone tomorrow.

Les Borsai, the Co-Founder of Wave Financial joined us to discuss.
#NFTs #musicnfts #tech #LesBorsai #veronicadudo #business

World

AI creates a song imitating Drake and The Weeknd

Published

3 hours ago

June 2, 2023

ticker NEWS

A big surprise for music fans when they heard a new song featuring Drake and The Weeknd. But there’s a catch!

The viral song was created by artificial intelligence.

A new song that sounds like Drake and The Weeknd has gone viral, but it was created by artificial intelligence.

Now, there’s a crusade against AI music.

The song,“Heart on My Sleeve”was created by artificial intelligence and quickly racked up millions of views on TikTok, Spotify, and YouTube.

Record label, Universal Music Group (UMG) is not happy about the song that used AI-generated vocals to simulate pop music artists Drake Graham and The Weeknd.

UMG flexed their muscle and forced the song featuring some of its biggest artists to be removed from Spotify and TikTok.

According to reports, UMG is taking it a step further and sent letters to Spotify, Apple Music, and other music streamers requesting they block AI tools from training their models on the melodies and lyrics of UMG artists.

Les Borsai, the Co-Founder of Wave Financial joined us to discuss. #AI #artificialintelligence #drake #theweeknd #veronicadudo #LesBorsai #music #popartists #UniversalMusicGroup