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Economy
What do we know about UK's fuel poverty?
August 02, 2021 10:36 AM EDT| By Kamalika GhoshSummary Another half a million homes are pushed towards fuel poverty as global gas prices hit a 16-year high. Ofgem is expected to raise the price cap on energy to unaffordable levels, leading to soaring costs this winter. UK’s net.....
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What is The Triple Lock on Pension Saving?
August 02, 2021 09:00 AM EDT| By Kamalika GhoshChancellor of Exchequer Rishi Sunak has given a broad hint that the UK government may temporarily break the pension triple lock this year to prevent the UK Treasury being landed with a £7 billion uprating bill. The chancellor added that a po.....
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How have the COVID-19 lockdowns affected employment in Australia?
July 30, 2021 10:00 AM EDT| By Daniel Paul JohnsSummary Until the beginning of July, Australia was doing very well in terms of recovery. According to the Australian Bureau of Statistics (ABS), in June 2021, unemployment decreased to 4.9% from 5.1% in the previous month. The recent lock.....
UK begins Covid-19 vaccine donation, to give away 9 million jabs
July 28, 2021 10:26 AM EDT| By AbhijeetSummary The UK government will be donating nine million vaccines starting this week Indonesia, Jamaica and Kenya are amongst the countries who stand to benefit The government has pledged to donate 100 million vaccines by the end of June .....
Planning to invest? Keep track of these economic indicators
July 27, 2021 06:25 AM EDT| By Team Kalkine MediaSummary Economic indicators can be used to better understand the economy and map out its future pace of growth. Using indicators such as GDP and relevant data on output can help investors view the market beyond just a set of graphs. GDP growth.....
What are the benefits and risks of a ‘vaccine passport’ for UK businesses?
July 27, 2021 01:49 AM EDT| By Suhita PoddarThe widespread availability of COVID-19 vaccines, increasing rate of vaccinations as well as businesses seeking to resume operations may all work in favour of providing vaccine certificates to know the vaccination or immunization status of any indi.....
Mark Carney picks environmental diplomacy over electoral politics
July 21, 2021 09:49 AM EDT| By Ankit SethiSummary Carney has served as the Governor of the Bank of Canada and the Bank of England. He was viewed as a likely successor to Prime Minister Justin Trudeau. Carney has praised Liberal Party’s governance on multiple occasions. .....
Know what’s latest in the global economic calendar
July 16, 2021 06:26 AM EDT| By Team Kalkine MediaSummary Economies across the globe are actively recovering from the COVID-19 crisis, with major policy changes looming ahead. Improvement in the unemployment figures has cast expectations of inflationary spells in New Zealand and the US. .....
Canada’s economic recovery in slow gear for 2021, interest rate unchanged
July 14, 2021 11:30 AM EDT| By Raza NaqviSummary The Bank of Canada (BoC) has said that the gross domestic product growth will be around six per cent this year. Despite speculations, key interest rates will not be increased by the Bank of Canada. Lockdowns and strict public health me.....
What is CBDC & how is it different from cryptocurrencies?
July 07, 2021 06:23 AM EDT| By Team Kalkine MediaAs the world comes to terms with hyper-volatility in cryptocurrency space, central bank digital currencies or CBDCs have gained traction. CBDCs promise what cryptocurrencies like bitcoin don’t. The former are backed by the central bank like t.....
From India’s girl next door to IMF chief economist: The journey of Gita Gopinath
July 05, 2021 09:17 PM EDT| By Furquan MoharkanDays before the US Independence Day, on 2 July 2021, International Monetary Fund (IMF) Chief Economist Gita Gopinath was among the 34 immigrants honoured by a prestigious American foundation Carnegie Corporation – as a person "who has enriched...
Done with recession? What are the different kinds of economic recoveries?
July 05, 2021 02:52 AM EDT| By Furquan MoharkanThe COVID-19 pandemic and the subsequent bouts of lockdowns imposed to counter it, triggered one of the most severe recessions in the history of the world economy. As consumption across the globe fell drastically, so did the employment levels. The w...
Emotional health is paramount to your overall happiness: Here’s why
July 03, 2021 10:15 PM EDT| By Team Kalkine MediaSummary Symptoms of emotional health crisis may include sleep disorders, avoidance of friends and family, conflicts in relationships, substance abuse, and eating disorders. Thus, mental illness is closely tied to an individual’s emotional.....
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Why UN thinks blockchain technology can help fight climate change?
July 03, 2021 09:10 PM EDT| By Team Kalkine MediaSummary Recognizing its immense disruptive potential and benefits to society in a recent article, the UN revealed how blockchain helped the organization fast-track delivery of emergency funds. Blockchain can expedite climate action in three way.....
Canada’s GDP fell 0.3% in April. What’s in store for the economy?
June 30, 2021 12:07 PM EDT| By Raza NaqviAmid stricter COVID-19 measures in the wake of the third pandemic wave, Canada's real gross domestic product (GDP) contracted by 0.3 per cent in April 2021, Statistics Canada reported on Wednesday, June 30. The data agency noted that this was the fi...
Microsoft roped in as Principal Partner for COP26 Glasgow Summit
June 25, 2021 11:29 AM EDT| By AbhijeetSummary Microsoft has been roped in as a Principal Partner for the COP26 The summit has eight other domestic corporations and one Japanese MNC All these businesses are playing a vital role in climate change action Microsoft Corporation (N.....
Before bidding for a house, heed alarms bells rung by central bank
June 24, 2021 04:23 AM EDT| By Team Kalkine MediaSummary Rise in housing prices fueled by cheap debt and mismatch in demand and supply. High level of Canadian household debt due surging mortgage payouts a concern. Treating any sector as a quick multiplier of wealth can lead to broader reperc.....
Canada’s social media bill can change what you see on Netflix, FB & YT
June 22, 2021 01:09 PM EDT| By AnujThe Trudeau government passed the controversial C-10 digital bill on Tuesday that seeks to regulate programming disseminated by media streaming and digital platforms like Netflix, Facebook and YouTube. However, the bill requires passing the scrutiny...
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Canada's CPI hike in May was the steepest in a decade
June 17, 2021 10:51 AM EDT| By Team Kalkine MediaConsumer Price Index (CPI) is up 3.6 per cent in May on an annual basis, according to Statistics Canada. The data agency has highlighted the impact of base-year on CPI. The pandemic struck last year and led to a grinding halt in economic activity. G...
Here's how Canada is tackling the ongoing COVID-19 crisis
June 14, 2021 12:44 PM EDT| By Raza NaqviSummary The Canadian government and health experts are urging people to get their jabs on time. Over 1.4 million Canadians got affected by the coronavirus ever since the pandemic began in December 2019. G7 nations will distribute a total of on.....
