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Economy
June Retail Sales – 3 Key Trends
July 22, 2020 08:01 PM AEST| By Team Kalkine MediaSummary June retail sales growth was lower compared to a significant rise in the previous month, but the sales turnover was up over 8% compared to the same period last year. There have been two consecutive month sales growth in categories like .....
Virtual Tours: Bright Spot for Tourism Industry
July 22, 2020 02:21 PM AEST| By Team Kalkine MediaSummary Tourism boards in Australia are keeping travellers engaged by offering virtual tours. From adventure, nature, food or art lovers, there is an online trip for everyone. With strict lockdown, this seems to be an innovative idea to keep c.....
Can Negative Interest Rates help Economies?
July 22, 2020 01:41 PM AEST| By Team Kalkine MediaSummary Financial institutions are obliged to pay interest for storing the reserves, with the central bank under a negative interest rate policy. Policymakers in Denmark, Switzerland, Sweden, Japan and in the eurozone have allowed negative inte.....
Calls are Louder for Tax Reforms: Income and GST
July 22, 2020 01:14 PM AEST| By Team Kalkine MediaIf reforms are lacking in Australia, they are perhaps tax reforms. It has been over twenty years since a major tax reform in the country. In July 2020, the Goods & Services Tax (GST) completed twenty years, but policy thinktanks are demanding r.....
COVID-19 Striking Again: 5 Reasons Shares May Witness a Rise
July 21, 2020 09:50 PM AEST| By Hina ChowdharySummary Australia and many nations globally are better placed to tackle the second wave of COVID-19 cases, demonstrating the possibility of a lesser impact on the share market. Extension of Government stimuli package and RBA’s move to kee.....
JobKeeper 2.0: 5 Things to watch while Card Spending reflect different trends
July 21, 2020 09:10 PM AEST| By Team Kalkine MediaOn 21 July, Prime Minister Scott Morrison at a press conference in Canberra declared that the government would retain existing JobKeeper arrangements until September end before initiating JobKeeper 2 with phased cuts until 28 March 2021. Th.....
Retail industry faces ‘COVID-19 hangover’ as consumers spend with caution
July 21, 2020 04:00 PM AEST| By Team Kalkine MediaSummary The pandemic has left major impact on Canada’s struggling retail industry Consumer behavior has changed forever, and rules of retail are being rewritten by the new normal After historic declines in March and April, May retail fig.....
Japanese Exports face the Steepest Plunge as Economy sinks into Recession
July 21, 2020 02:29 PM AEST| By Team Kalkine MediaSummary Japan’s economy slipped into recession in May, with a contraction in GDP by 3.4% annually in Q1 2020, followed by a 7.3% plunge in the previous quarter. Exports plunged 26.2% in June from a year ago as overseas demand for cars, an.....
Double-dip Recession: A possibility in the US?
July 20, 2020 08:28 PM AEST| By Team Kalkine MediaSummary The resurgence of COVID-19 cases in some nations worldwide along with the US has sparked fears and risk of another global economic downturn. The rapid acceleration of coronavirus cases in the US is threatening the economic recovery of t.....
Will Australia experience a surge in Voluntary Administration once financial stimuli lapses?
July 20, 2020 05:24 PM AEST| By Team Kalkine MediaSummary The COVID-19 Pandemic has disrupted business activities leading to a significant business loss in many sectors primarily hospitality, tourism, airlines, and retail industry, pushing operators towards insolvency Government stimulus progr.....
Wuhan- A Classic example for how economies can get back on track post-pandemic
July 20, 2020 11:07 AM AEST| By Team Kalkine MediaThe terrible disarray overwhelming the world can indubitably be attributed to COVID-19 pandemic, causing market and economic havoc. Amid such perturbed situation preoccupying most governments and agencies, Wuhan which earlier became the epicenter .....
June jobless rate climbs to 7.4% despite addition of 210,800 jobs
July 16, 2020 09:11 PM AEST| By Kunal SawhneyAustralian market slid into negative territory after opening the day at higher note, as investors absorbed data reflecting a higher jobless rate for June. The benchmark index S&P/ASX200 was down by 0.69%, and settled at 6010.90 points, on 16 Ju.....
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A glance at Chinese Economy: rebounding or stalling?
July 16, 2020 06:36 PM AEST| By Team Kalkine MediaSummary Though economically China showcases progress, geopolitically China is garnering backlashes across the world, especially from the US for its recently imposed National Security Law on Hong Kong. China’s relationship with the US reac.....
Bells ringing around a Technical Recession for Economies across the Globe
July 16, 2020 04:32 PM AEST| By Team Kalkine MediaSummary Global economy has suffered a massive blow due to coronavirus pandemic and is facing its worst and deepest recession since World War 2. Singapore’s GDP dived by a record 41.2% in 3 months to June on QoQ basis, entering into a tech.....
Canada’s Bright Spots Amid COVID-19: The Gradual Return of Investments in Sunshine Sectors
July 16, 2020 12:00 PM AEST| By Team Kalkine MediaCanada’s economy and employment has been decimated by containment measures enforced to curb the spread of the coronavirus. In days following the lockdown, the country’s economy entered a recession and markets crashed, wiping off investo.....
The new JobKeeper might cause bankruptcies for businesses
July 15, 2020 05:45 PM AEST| By Team Kalkine MediaSummary With the end date of the government’s wage subsidy program approaching in September, businesses have been warned that the incentive could make them go bankrupt. The Federal government has pledged some form of income support for th.....
Consumer Spending and Confidence dips due to COVID-19 outbreak in Victoria
July 14, 2020 10:25 PM AEST| By Hina ChowdharyThe condition of Australian economy now depends on how well the virus cases can be controlled in Victoria, as businesses and consumer sentiments, combined with consumer spending have started dwindling amid rising fears of the second wave. The surge.....
Australia's Stance on Hong Kong Extradition Treaty
July 13, 2020 07:22 PM AEST| By Team Kalkine MediaSummary When the world is struggling hard due to the pandemic, China seems to be cornering itself on various fronts. Australia has suspended its extradition treaty with Hong Kong due to a new security law imposed on the city by China. Go.....
V-shaped trajectory for economy unlikely while stocks approach closer to reporting season
July 13, 2020 06:11 PM AEST| By Team Kalkine MediaSummary Leading indicators in most of the developed nations and emerging markets have returned to relatively better levels, but a widespread lockdown remains a major risk to the economic outlook. With Melbourne going for a six-week shutdown, th.....
Will Potential Travel Bubbles Bring a Stroke of Luck for Australian Travel Industry?
July 12, 2020 12:00 AM AEST| By Team Kalkine MediaThe year 2020 is just halfway through, and the world has already gone through numerous hardships, ranging from airplane crashes, bushfires, Hong Kong-China spat, earthquakes and the gravest of all – COVID-19 Pandemic. While there is hardly an.....
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