Economy


 Report: 840,000 Brits Have Rent Dues, Landlords’ Body Warns of Rising Homelessness

Report: 840,000 Brits Have Rent Dues, Landlords’ Body Warns of Rising Homelessness

March 27, 2021 01:59 AM AEDT| By Abhijeet

Source: Srdjan Randjelovic, Shutterstock Summary A report has found that 840,000 tenants have arrears in rent since the lockdown began. The report found that debts have increased so much that tenants would no longer be able to afford to pay th...

 Will Westpac's sale of its NZ business result in other Kiwi banks to follow suit?

Will Westpac's sale of its NZ business result in other Kiwi banks to follow suit?

March 26, 2021 05:00 PM AEDT| By Team Kalkine Media

Source: Dr. Victor Wong, Shutterstock On 24 March, Westpac Banking Corporation (NZX:WBC, ASX:WBC) revealed that the bank was looking at the sale of its NZ operations and was taking into consideration whether a demerger would be in the best interest...

 1.5 Mn Canadians Accessed Employment Insurance In January: StatCan

1.5 Mn Canadians Accessed Employment Insurance In January: StatCan

March 26, 2021 03:09 AM AEDT| By Shreya Biswas

Source: H_Ko, Shutterstock Summary About 1.5 million Canadians accessed regular Employment Insurance (EI) benefits in the month of January 2021, reported Statistics Canada. This number records a month-over-month (MoM) jump of 11.2 per cent, or...

 How Prices of Products Will Go Up Due to Suez Canal Blockade

How Prices of Products Will Go Up Due to Suez Canal Blockade

March 26, 2021 03:02 AM AEDT| By Suhita Poddar

Source: Leonardo da, Shutterstock Summary The Suez Canal, built in 1869, is a strategic location as it connects the Red Sea with the Mediterranean Sea and is crucial as around 12 per cent of global trade pass through it. Experts said that the...

 Canadian Federal Budget 2021: Will Liberals Announce Stimulus Package?

Canadian Federal Budget 2021: Will Liberals Announce Stimulus Package?

March 26, 2021 01:50 AM AEDT| By Team Kalkine Media

Source: fizkes, Shutterstock After a two-year long wait, Finance Minister Chrystia Freeland is all set to announce the federal budget on April 19. So, what can we expect from the budget? For starters, Canadians would like to have extended income su...

 Bank of Canada To Wind Up COVID-Triggered Liquidity Programs

Bank of Canada To Wind Up COVID-Triggered Liquidity Programs

March 25, 2021 12:39 AM AEDT| By Shreya Biswas

Source: Portrait Image Asia, Shutterstock Summary The Bank of Canada (BoC) said on Tuesday that it will be rolling back the support programs it had extended to help the economy through the pandemic. The central bank plans to suspend or discont...

 Canada Sets Budget Date After 2 Years: What We Know

Canada Sets Budget Date After 2 Years: What We Know

March 24, 2021 09:09 PM AEDT| By Shreya Biswas

for FM Freeland, who took over the office after Bill Morneau resigned last year. The Canadian government will finally table a fresh budget for 2021 on April 19. Finance Minister Chrystia Freeland made the announcement on Tuesday, March 23. The....

 RBNZ voices concerns over Westpac’s breach of liquidity norms

RBNZ voices concerns over Westpac’s breach of liquidity norms

March 24, 2021 12:37 PM AEDT| By Sonal

i> APRA also took actions against Westpac due to liquidity issues in December. Reserve Bank has asked Westpac to take a closer look at its risk governance practices and ordered the company to pay for 2 independent reports to address the same. O...

 Why the UK Unemployment Rate Fell for The First Time Since the Pandemic

Why the UK Unemployment Rate Fell for The First Time Since the Pandemic

March 24, 2021 01:40 AM AEDT| By Suhita Poddar

Source: Tong_stocker, Shutterstock Summary The Office for National Statistics reported that UK’s unemployment rate fell to 5% in January, beating the previous forecast of 5.2%. The December jobless rate was 5.1%. The number of payrolls...

 Manawatu-Wanganui Attracting NZ House Investors By Offering Big Capital Gains

Manawatu-Wanganui Attracting NZ House Investors By Offering Big Capital Gains

March 24, 2021 12:39 AM AEDT| By Team Kalkine Media

Source: Fusionstudio, Shutterstock Earlier in March 2021, IMF stated that New Zealand government should consider using capital gains tax (CGT) to control the enormous rise in its property prices. Source: Copyright © 2021 Kalkine Media Pty Lt...

 Federal Government Extends CEBA Loan Till June 30

Federal Government Extends CEBA Loan Till June 30

March 23, 2021 09:37 PM AEDT| By Team Kalkine Media

Source: fizkes, Shutterstock Summary This extension will enable businesses to get the support they need amidst COVID-19 restrictions and regulations. Over 8.5 million loans under this scheme have been granted till March 18, 2021. In a bid...

 What is Australia doing to solve the oceans’ plastic waste problem?

What is Australia doing to solve the oceans’ plastic waste problem?

March 23, 2021 07:35 PM AEDT| By Team Kalkine Media

Source: chaiyapruek youprasert ,Shutterstock Summary The plastic problem poses a grave threat to Australia’s crown jewel, the Great Barrier Reef and has been responsible for killing several marine species, including dolphins, seabirds, du...

 New Zealand PM Ardern announces plans to combat housing crisis

New Zealand PM Ardern announces plans to combat housing crisis

March 23, 2021 02:50 PM AEDT| By Team Kalkine Media

Source: Brian A Jackson Shutterstock Summary NZ government has released a range of housing policies to increase housing supply and reduce investor demand. Government plans to keep NZ$3.8 billion aside to fund infrastructure around housing...

 New Zealand set to announce measures to curb surging housing prices

New Zealand set to announce measures to curb surging housing prices

March 22, 2021 06:58 PM AEDT| By Team Kalkine Media

Source: Nopparat Khokthong, Shutterstock Summary The NZ government is set to lay out a range of measures to help first-time home buyers and increase housing supply. A range of monetary and fiscal measures have led to soaring property prices in...

 1 in 5 Canadians Faced Depression, Anxiety Or PTSD Amid COVID: StatCan

1 in 5 Canadians Faced Depression, Anxiety Or PTSD Amid COVID: StatCan

March 21, 2021 04:42 PM AEDT| By Shreya Biswas

Source: Guschenkova, Shutterstock Summary A Statistics Canada survey found that one in five Canadian adults suffered from either depression, generalized anxiety disorder or posttraumatic stress disorder (PTSD). Nearly one in four women screene...

 Retail Sales Plunge In Canada For 2 Months In A Row

Retail Sales Plunge In Canada For 2 Months In A Row

March 20, 2021 01:45 AM AEDT| By Anuj

Source: Madcat_Madlove, Shutterstock For the second consecutive month, retail sales in Canada went down by 1.1 per cent in January 2021, according a report release by Statistics Canada on Friday. Last month, Canadian retails sales had witnessed the...

 Canada’s Economic Recovery Linked To COVID’s Path: IMF

Canada’s Economic Recovery Linked To COVID’s Path: IMF

March 19, 2021 11:56 PM AEDT| By Shreya Biswas

Source: Nhemz, Shutterstock Summary The International Monetary Fund’s (IMF) annual report said that the recovery of the Canadian economy is “inexorably linked” with how the COVID-19 evolves. The IMF also suggested that introd...

 Experts Bump Up 2021 Global GDP Forecasts on Recovery Hopes

Experts Bump Up 2021 Global GDP Forecasts on Recovery Hopes

March 19, 2021 04:15 PM AEDT| By Damini

ntinued government support seems necessary to drive economic recovery in the period ahead. The continuing rollout of COVID-19 vaccines worldwide to contain the spread of the pandemic has emerged as a shot in the arm for the global economy. The...

 UK Govt Borrowed £19.1 Bn In February, Highest In 28 Years

UK Govt Borrowed £19.1 Bn In February, Highest In 28 Years

March 19, 2021 03:11 PM AEDT| By Abhijeet

Source: Freedomz, Shutterstock Summary The UK government borrowed £19.1 billion in February, the highest since 1993. The fiscal deficit for the first 11 months of the financial year was at £8 billion, up 6% year-on-year. According...

 Brexit Woes: Exports to UK From Europe Sank by Record 27.4% In January

Brexit Woes: Exports to UK From Europe Sank by Record 27.4% In January

March 19, 2021 02:52 AM AEDT| By Suhita Poddar

Source: MOLPIX, Shutterstock Summary Latest data show exports to the UK from Europe fell by 27.4 per cent to €18 billion in January. Britain’s export to the union also fell by 59.5 per cent to €6.4 billion. Data from Ireland s...

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