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Economy
Will G20 Call on Private Lenders to Suspend Debt Repayments Make Any Difference?
November 22, 2020 02:09 AM AEDT| By Hina ChowdharySummary The G20 meet this week have one their agenda to make a request to the private money lenders to suspend debt repayments till the situation improves on the pandemic and the unemployment front. The pandemic and the increase in unemployment.....
Britain to roll out record £400-bn public debt plan soon
November 21, 2020 11:39 PM AEDT| By Hina ChowdharyRishi Sunak, Chancellor, UK Treasury will be announcing the largest public borrowing program in the British history since the second world war next week. It will take the total value of government borrowings for this financial year to £400 bi.....
How Are the British Pubs Coping Up with The Second Lockdown?
November 21, 2020 11:27 PM AEDT| By Team Kalkine MediaTwo weeks into the second lockdown in the UK, the situation of the Pubs in the country does not seem to be as bad as it was during the first lockdown. This time the owners of these establishments seem to be better prepared to deal with the lockdown.....
G20 Summit: What are the key agenda points?
November 21, 2020 12:22 PM AEDT| By Kunal SawhneyThe exacerbated pandemic situation rampant across the globe has hit the nations with massive economic shocks. Amidst the faltered economic scenario, the leaders representing the major economies are virtually attending the 15th meeting of Group of T.....
UK Public Sector Borrowing Hit £22.3 Billion In October 2020, Highest Since 1993
November 21, 2020 03:20 AM AEDT| By Team Kalkine MediaThe British government’s public sector net borrowing has hit £22.3 billion in October 2020, £10.8 billion more than what it was in October 2019. The figure indicates the highest October borrowing since monthly records began in 19.....
IMF says global economic recovery may be fading due to second wave of virus
November 20, 2020 09:24 PM AEDT| By Hina ChowdharyThe International Monetary Fund has cautioned that the global economic recovery could be losing momentum with resurging infection rate in many nations. In a new report for major G20 countries, IMF highlighted the uneven aspect of the world economi.....
What caused the Gfk consumer confidence to sink in November?
November 20, 2020 02:48 PM AEDT| By Hina ChowdharyThe monthly UK Consumer Confidence Index (CCI) published by market research firm Gfk has dipped to -33 for the first two weeks of November from -31 during the same period last month mainly due to the imposition of the second lockdown from 5 Novembe.....
Consumer Confidence in Focus Ahead of Christmas Rally
November 20, 2020 12:47 PM AEDT| By Team Kalkine MediaConsumer confidence is one of the most powerful economic indicators that influences the equity market. When there is high consumer confidence, people tend to purchase more and spending increases. Thus, there is an overall positive sentiment in the .....
How much could a no-deal Brexit cost the United Kingdom?
November 20, 2020 02:09 AM AEDT| By Kunal SawhneyThe failure to strike a favourable post-Brexit deal is going to be disastrous for Britain in more ways than one. From a steep fall in the economic growth to a lower ability to attend to a pandemic health emergency, a lot of things are at st.....
Can Aviation, Pharma and Hospitality Be the Biggest Gainer of Early Vaccine Arrival?
November 20, 2020 01:48 AM AEDT| By Team Kalkine MediaThe arrival of the COVID- 19 vaccines is a bit overdue now. With the speculations of AstraZeneca’s AZD1222 vaccine candidate making a debut in September not coming true, the waiting game has extended indefinitely as no one else is willing to .....
UK inflation rises to a 3-month high in October 2020
November 19, 2020 01:35 AM AEDT| By Kunal SawhneyUK inflation rose to a three-month high level in October, largely due to the hike in price rises of food, clothing and furniture. The inflation factor for all the three components have turned positive in October from a negative reading in September.....
Will the British pound fall even with a Brexit deal?
November 18, 2020 10:53 PM AEDT| By Team Kalkine MediaTill now, optimism and hopes about a favourable deal with the European Union have supported the pound. With the EU summit scheduled for tomorrow, all eyes are pinned on the Brexit trade talks. Experts predict that the pound’s value co.....
COVID-19: Scotland to Move 11 Councils into Toughest Level of Restrictions
November 18, 2020 07:17 PM AEDT| By Hina ChowdharyIn a bid to curb the COVID-19 infections, more than 2 million people will be placed under Scotland’s hardest coronavirus lockdown restrictions from Friday. The measures will be implemented from 6pm on Friday and will run until 11 December. W.....
Asia Pacific countries form the world’s largest trade alliance
November 17, 2020 08:47 PM AEDT| By Kunal SawhneyFifteen countries in the Asia-Pacific region have joined hands in the largest free-trade bloc ever witnessed in history. This comes after 8 years of negotiation and deliberation. The member countries include 10 ASEAN members: Brunei-Darussalam, Cam.....
What has been the impact of the new restrictions on the UK economy?
November 17, 2020 04:34 PM AEDT| By Team Kalkine MediaAccording to media reports, the latest Covid-19 restrictions are impacting the British economy less severely than the first lockdown imposed in spring. The reason cited is that the second lockdown rules are not as restrictive as the earlier ones, a.....
How Brexit Can Help the UK’s Thriving Technology Sector Sail Further
November 17, 2020 02:07 PM AEDT| By Hina ChowdharyThe business won’t be as usual in the UK from January 2021. Brexit will bring various structural and operational changes to many industries and businesses in the wake of a no-deal Brexit scenario. Among other sectors, the UK’s tech sec.....
UK PM Boris Johnson Self-Isolating After Possible Coronavirus Exposure
November 16, 2020 09:03 PM AEDT| By Team Kalkine MediaUK Prime Minister Boris Johnson got into self-isolation on Sunday night after he came into contact with a parliamentarian who tested positive for COVID-19 infection. According to a statement issued by the 10 Downing Street, Johnson did not show any.....
What Does BRC And Shoppertrak Data Indicate About the Present Situation of UK Retailers?
November 14, 2020 06:21 PM AEDT| By Kunal SawhneyThe second national lockdown seems to have weighed down heavily on the non-essential retailers. With over a million active coronavirus cases in UK, a second lockdown was inevitable. Lockdown 2.0 has led to a substantial decline of 75 per cent.....
What does Biden taking the throne mean for US-EU trade relations?
November 14, 2020 04:22 AM AEDT| By Hina ChowdharyWith Joe Biden elected as president of the United States, a lot is set to change, particularly in the trade sector. The harsh views maintained by the previous president Donald Trump with regards to international trade damaged the trade channels sev.....
Business secretary: Government has provided monetary aid worth £200 billion in last 8 months
November 13, 2020 12:52 PM AEDT| By Team Kalkine MediaWith the ongoing term of second lockdown in the United Kingdom, the fears of a strained business activity have been anticipated by most of the sectors. The reimposition of curbs on travel and hospitality along with other restrictions affecting vari.....
AI on the Rise: A Look at Top AI Companies and Their Stocks