Vidhya Ck

2 days ago | ibtimes.com.au | Vidhya Ck

Australia's two major political parties are engaging in what has been dubbed a pre-election "spendathon" that may do little to reduce the national debt or improve living standards, a top economist has warned. AMP chief economist Shane Oliver criticized both Labor and the Coalition for offering big-ticket items such as tax cuts, fuel subsidies, and housing initiatives that, he argued, provided little lasting benefit for Australians. "These are mostly just band-aid solutions," Oliver said.

2 days ago | ibtimes.com | Vidhya Ck

The U.S. Department of Education announced Monday that it will resume collection efforts next month on federal student loans in default -- a move that included garnishing wages for potentially millions of borrowers.

3 days ago | ibtimes.com.au | Vidhya Ck

A new survey has revealed that a growing number of Australian employers are now linking promotions to employees' physical presence in the office. The research, conducted by recruitment firm Robert Half, surveyed 500 hiring managers and 1,000 full-time office workers, and found that a striking 74% of employers believe being in the office "significantly" increases an employee's chances of being promoted, News.com reported.

3 days ago | ibtimes.com | Vidhya Ck

The Trump administration reportedly plans to revoke another $1 billion in federal health research grants and contracts from Harvard University, escalating a high-stakes conflict over academic independence and institutional oversight. The move follows last week's suspension of $2.2 billion in multiyear grants and $60 million in contract funding after Harvard refused to comply with a series of policy demands issued by the administration.

6 days ago | ibtimes.com.au | Vidhya Ck

More than 1 million Australians with the superannuation fund HESTA will be unable to access or move their retirement savings until June due to a planned system outage. The freeze stems from the fund's decision to switch its administration provider, a move first flagged to members in February. HESTA is transferring its member account services to a new platform managed by GROW Inc., prompting what it describes as a necessary suspension of services, reported ABC.