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Economy
Morrison government revamped rules lets one take a dip into JobKeeper and JobSeeker dole outs
September 11, 2020 02:27 PM AEST| By Team Kalkine MediaJobKeeper and JobSeeker subsidies by the Australian government came to the rescue of more than 2.2 million people from falling into poverty as millions had come under the unemployment net or were facing reduced work hours. On 1 September, the Aust.....
Westpac-MI consumer sentiment index rebounds 18% in September
September 09, 2020 11:00 PM AEST| By Team Kalkine MediaThe Westpac-Melbourne Institute Index of Consumer Sentiment soared 18% from 79.5 in August to 93.8 in September. The index is at present just 1.6% below the average over the 6 months prior to the advent of COVID-19 in March. The rebound of 18% afte.....
Queensland announces tax relief for SMEs with Australia planning more tax cuts ahead
September 08, 2020 12:00 AM AEST| By Team Kalkine MediaThe Government of Queensland has planned on giving an extra $249 million from the current subsidy in coronavirus related tax relief to small and medium enterprises (SMEs) with the motive of protecting SMEs in Queensland that are currently reeling u.....
Sneak Peek at What’s Latest in Travel Space!
September 06, 2020 03:00 AM AEST| By Team Kalkine MediaUnfurling as a major health and financial crisis, COVID-19 crisis initially brought the thriving Australian travel industry to a grinding halt. At the time when the industry is putting its best foot forward to recoup to the pre-pandemic stage, some.....
How can Australia be impacted by China’s ban on Australia’s biggest grain exporter?
September 04, 2020 07:49 PM AEST| By Team Kalkine MediaAustralian exporters can strongly feel the heat of the bilateral tensions as China continues to intimidate the trade scenario by levying obstacles and restrictions. Adding a fresh dose of worries, China has suspended the barley imports from Co-oper.....
Australia in recession for the first time in Three Decades; Are There Any Emerging Green Shoots?
September 04, 2020 04:04 PM AEST| By Edita IvancevicAustralia has officially entered a financial recession due to the impact of the coronavirus pandemic. The prosperity had lasted for almost 30 years, one of the longest prosperous periods for any nation. Australian Bureau of Statistics (ABS) report.....
What next in Property Space: House prices tumbled 0.4 per cent in August
September 03, 2020 04:22 PM AEST| By Team Kalkine MediaAustralian property space is currently witnessing an obscured outlook, eclipsed by the COVID-19 induced uncertainty. The headwinds challenging high-priced property space in Australia have entailed a downfall in the housing prices for four months co.....
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All you need to know about JobKeeper Payment scheme
September 02, 2020 09:13 PM AEST| By Team Kalkine MediaAfter the devastating effect that coronavirus had on world economies, governments around the globe needed to find a solution to keep people in jobs. Australians have been luckier than most nations, as the Morrison Government introduced two stimulus.....
Australian Gross Domestic Product Slides 7%, Recession Bells Ringing?
September 02, 2020 08:03 PM AEST| By Team Kalkine MediaAustralia suffered its worst economic downturn on record last quarter. Latest figures on National Income, Expenditure and Product were released by the ABS on 2 September 2020. The Bureau reports that Australia’s GDP fell 7.0 per cent in the J.....
Second-hand car market rallies as individuals stay away from public transport
August 29, 2020 04:11 AM AEST| By Team Kalkine MediaThe COVID-19 induced paradigm shift is evident writ large on the automobile industry, with a significant transition observed in the consumption patterns. The vehicle manufacturers and dealers have been impacted by changing needs of the consumers an.....
Potential Resumption of International Travel in Australia: A Subject of Debate
August 29, 2020 12:00 AM AEST| By Team Kalkine MediaDisrupting the popular trend of domestic and international travel, COVID-19 pandemic brought an unusual misfortune for the Australian travel industry reeling from the virus crisis. While the interstate travel has picked up steam with the opening of.....
UBS Follows Suit of Other Investment Banks in Downgrading UK’s GDP Forecast For 2020, Remain Firm for A Bounce Back in 2021
August 26, 2020 11:20 PM AEST| By Team Kalkine MediaThe data of British GDP published by the Office of National Statistics (ONS) earlier this month officially confirmed that the economy is now in recession. Registering a decline of 20.4 per cent, the shrinkage was sharper than most observers had exp.....
Are The Prospects Of A No-Deal Brexit Increasing?
August 25, 2020 11:11 PM AEST| By Team Kalkine MediaMichel Barnier, chief negotiator, European Union (EU) is a strong negotiant and has asked the EU states to be thick-skinned with Britain as the Brexit deadline is coming closer. During the seventh round of trade negotiations held between the two p.....
Are negative interest rates being considered for a long haul - ASX 200 Shares to watch?
August 24, 2020 05:14 PM AEST| By Team Kalkine MediaInterest rates are considered as the main lever to adjust monetary policy and maintain balance in the economy. Negative interest rates are an unconventional monetary policy tool and are defined as the price paid to borrow money. If a central bank i.....
Allow Takeaways at alert level 4 - Hospitality businesses, Is it Safe?
August 24, 2020 02:25 PM AEST| By Team Kalkine MediaPrime Minister Jacinda Ardern earlier announced Auckland returning to Alert Level 3 with rest of the country at Alert Level 2. The statement came after four cases of community transmission, with a total of 14 new cases in Auckland had been c.....
From CERB to EI: Canada Revises Pandemic Income Support Programs
August 22, 2020 11:00 PM AEST| By Team Kalkine MediaInsurance premiums for workers and businesses kept intact at 2020 levels for next two years. Three more new one-year income support benefits proposed for those not covered under EI. The short era of the Canada Emergency Response Benefit...
It's all about the Vaccine Game: Gears that can put ASX 200 into a transition
August 21, 2020 01:34 PM AEST| By Team Kalkine MediaSummary Pfizer inching ahead in the vaccine race, selected candidate BNT162b2 for the pivotal Phase 2/3 study on the back of its safety profile. Australian Prime Minister Scott Morrison announced a vaccine manufacturing deal with the British dr.....
Next move on Vaccine: Government's agreement with AstraZeneca catering 25 million Australians
August 20, 2020 04:47 PM AEST| By Team Kalkine MediaRecently, Australia undertook strides to secure access to a promising vaccine in a move to diminish coronavirus pandemic and would offer free access to the vaccine for Australians. Scott Morrison Government has signed a landmark agreement with UK-.....
Road to Economic Salvation Not Easy For Chrystia Freeland, Canada's First Woman Finance Minister
August 19, 2020 10:01 PM AEST| By Team Kalkine Mediainancial reporting under the belt. Canadian Prime Minister Justin Trudeau has named deputy PM Chrystia Freeland as the new Finance Minister, after Bill Morneau stepped down from the post over policy differences. In addition to the cabinet shuffl...
RBA's Projection: What if the Cash Rate stays at 0.25 per cent for 3 years?
August 17, 2020 05:47 PM AEST| By Team Kalkine MediaRBA held its cash rate at 0.25% in the latest monetary policy meeting on 4 August, and the move will continue to dampen the effects of coronavirus crisis on financially distressed borrowers. Interest rates are likely to be at record lows for some t.....
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