AUSTRALIA
<strong>Spending boosts economy</strong>
The economy in the fourth quarter of last year rebounded from a contraction resulting from fallout of the COVID-19 pandemic as consumers tapped sizeable savings to resume spending, highlighting underlying momentum heading into this year. The country’s GDP rose 3.4 percent from the third quarter, just shy of expectations for a 3.5 percent increase, Bureau of Statistics data showed yesterday. That took annual growth to 4.2 percent, more than double the pre-pandemic pace of about 2 percent and slightly higher than economists’ estimate of 4.1 percent. The rise in fourth-quarter GDP was driven by consumer spending, while exports
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President Joe Biden plans two announce that the US is banning Russian planes from its airspace in retaliation for the Ukraine invasion, according to two people familiar with the matter.
U.S. President Joe Biden plans two announce that the U.S. is banning Russian planes from its airspace in retaliation for the Ukraine invasion, according to two people familiar with the matter.
U.S. President Joe Biden plans two announce that the U.S. is banning Russian planes from its airspace in retaliation for the Ukraine invasion, according to two people familiar with the matter.