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Economy
How US employee emergency savings accounts bolstering financial security
October 17, 2021 12:39 AM AEDT| By Sanjeeb BaruahHighlights More US companies have launched employee emergency savings accounts to attract and retain staff members. Taking a cue from the covid crisis, the initiative is expected to provide Americans with an extra layer of financial security i.....
Why UK job vacancies reached record highs despite cooling unemployment?
October 14, 2021 05:46 PM AEDT| By Suhita PoddarThe Office for the National Statistics (ONS) reported UK job vacancies touched a record high of nearly 1.2 million in September. The rise came as several sectors are facing staff shortages and are searching for workers to meet the shortfall. The s.....
Fed signals bond-purchase taper by mid-Nov as inflation worries weigh
October 14, 2021 12:53 PM AEDT| By Sanjeeb BaruahThe Federal Reserve signalled on Wednesday it could start withdrawing its covid-era stimulus support by mid-November as a growing number of its policymakers felt the bank has reached its economic goals and worried that inflation might stay longer. .....
US inflation exceeds forecast; food, rent, cars get more expensive
October 14, 2021 05:51 AM AEDT| By Sanjeeb BaruahUS consumer prices jumped across the board in September from food, home rent, cars to electronics items, thanks to inflation which outpaced analysts’ expectations. The Labor Department’s latest Consumer Price Index (CPI) figures are li.....
US job openings fall to 10.4 mn, voluntary quits surge in August
October 13, 2021 04:57 AM AEDT| By Sanjeeb BaruahHighlights Job openings dropped by 659,000 to 10.4 million in August. Voluntary resignation from jobs rose by 242,000 to 4.3 million. August saw the biggest drop in hirings in eight months. A record number of Americans have quit their job.....
How are businesses handling UK’s rising cost pressures?
October 08, 2021 05:25 PM AEDT| By Suhita PoddarThe UK’s government statistics body, the Office for National Statistics (ONS), has released a business survey result, according to which more and more British companies are increasingly passing on the rise in costs to their customers. About .....
Has Brexit affected UK’s passport power?
October 07, 2021 07:17 PM AEDT| By Priya BhandariHighlights Japan and Singapore topped the list of Henley Passport Index that uses data from the international Air Travel Association. The UK secured seventh place with Greece, Malta, the US, and Norway with ability to visit 185 countries. In 2.....
RBNZ hikes OCR by 0.50%, thereby decreasing monetary stimulus
October 06, 2021 08:15 PM AEDT| By Jasmine AnandHighlights New Zealand’s Central Bank has of late declared raising the OCR by 0.25 bps. The decision was taken to decrease the monetary stimulus pumped into the economy, as the NZ economy is on track to recovery. Many economists were exp.....
UK Manufacturing PMI indicates slowest growth since February 2020
October 02, 2021 12:00 AM AEST| By AbhijeetHighlights UK manufacturing sector witnessed the slowest growth rate since February of 2021 Growth slowed due to dismal pace in consumer and intermediary products Manufacturers are also struggling to recruit appropriately skilled workfor.....
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Canada top news: Immunized vs unvaccinated, oil crisis & CIBC expansion
September 28, 2021 12:37 AM AEST| By Shreya BiswasHighlights A new survey done for the Association of Canadian Studies found that over three in every four residents think negatively of the unvaccinated. With supplies as they currently stand natural gas is expected to continue to surge as winte.....
How to plan your perfect hybrid work schedule?
September 25, 2021 12:00 PM AEST| By Ipsita SarkarHighlights Many employees find hybrid work attractive due to the flexibility it offers. Forty-seven percent of workers who participated in a study said they prefer a hybrid work plan. Managers’ office days should be the team members offi.....
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How Covid rent debt crisis will get worse with Universal Credit cut
September 17, 2021 11:15 PM AEST| By Rishika RainaHighlights StepChange debt charity has warned that Universal Credit cut will worsen the £360m Covid rent debt crisis. The research suggested one in every ten renters anticipated eviction from their homes due to their debts within the next.....
US retail sales rise in August, lifted by back-to-school shopping rush
September 17, 2021 12:05 PM AEST| By Team Kalkine MediaUS retail sales unexpectedly rose in August amid lingering Delta virus concerns, buoyed by back-to-school shopping splurge and government payments to millions of households with children. Retail purchases climbed 0.7% to US$618.7 billion last mont.....
NZ GDP beats all forecasts, grows 2.8% in June quarter
September 16, 2021 01:56 PM AEST| By ManikaHighlights GDP grows by 2.8% in the June quarter. The numbers are driven by service, retail and accommodation industries. Shows that the New Zealand economy was doing very well before the Delta variant-related lockdowns. The economy grew .....
How do consumers make purchasing decisions?
September 14, 2021 08:18 PM AEST| By Akanksha VashishtHighlights The modern consumer is well-informed and well-equipped with technological tools that help form decisions. As online consumer activity has picked up the pace, individuals have left behind a large trail of data for marketing firm.....
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Why people want an overhaul of childcare costs in UK
September 14, 2021 04:29 PM AEST| By Rishika RainaHighlights The UK has the highest childcare costs across the globe after Slovakia and Switzerland. UK Parents are finding the costs unaffordable and are demanding for an overhaul of childcare costs. According to latest OECD data, the UK ha.....
What to expect from bond and equity markets after RBNZ hikes interest rate
September 13, 2021 02:00 PM AEST| By ManikaHighlights Analysts signal a 25-basis point rate hike in the October monetary policy. This will have an impact on cooling of inflation. Equities and bond prices will feel the headwinds due to interest rate hike. The OCR hike which was put.....
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Facing home loan hurdles? Here’s how to get the best deal
September 12, 2021 12:55 AM AEST| By Sanjeeb BaruahHighlights Six types of home loans are available in the US - three government-backed and three private schemes. The states run the Home Buying Assistance program to guide first-time home buyers. A good credit score, stable income, and employme.....
US airlines stare at a 24-28% revenue drop as Delta variant rages
September 11, 2021 05:37 AM AEST| By Sanjeeb BaruahHighlights Many leading American airlines expect a slowdown in bookings due to rising threats from the Delta variant. Airlines expect a 24-28 percent revenue decline in the third quarter of 2021 compared to the same period in 2019. However, ai.....
Automattic buys Social Image Generator plugin; what it means for WordPress users
September 10, 2021 12:07 PM AEST| By AshishHighlights WordPress parent Automattic has acquired Social Image Generator plugin. Social Image Generator creates social share images for WordPress content from a range of fully customisable templates for customers' social media Earlier i.....
