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Economy
Graeme Hart made NZ$3.5 bn during pandemic, Oxfam study suggests wealth tax
January 25, 2021 07:00 PM AEDT| By Team Kalkine MediaThe fact that Graeme Hart, New Zealand’s richest man, made fortunes of NZ$ 3.5 billion during COVID-19 pandemic alone, the inequalities in the economic system were highlighted once again. This also brought forth the need for a wealth tax.&nbs.....
UK launches climate adaptation effort worldwide with partner nations
January 25, 2021 06:44 PM AEDT| By Team Kalkine MediaPM Boris Johnson has said that he will be launching a global climate adaptation initiative on Monday, under which it will be working along with Bangladesh, Egypt, the Netherlands, Saint Lucia, and Malawi for building r.....
What will be the impact of Brexit on NZ’s primary industry exporters?
January 24, 2021 06:27 PM AEDT| By Team Kalkine MediaThe United Kingdom (UK) broke off from the European Union completely on January 1, 2021. In the transition period between declaring breakaway from Brexit and actually exiting, there were months of arduous negotiations and certain conclusions were r.....
What Does CBI’s Call of More Help for Virus-Hit Companies Mean?
January 24, 2021 02:48 PM AEDT| By Kunal SawhneyUK business organisation Confederation of British Industry (CBI), consisting of nearly 190,000 businesses, fears that several thousands of small businesses could collapse and rupture the domestic economy because of uncertainties due to pandemic. Th.....
As Julie Payette Quits, Debate Over Canada’s Governor General Post Reignites
January 24, 2021 02:44 PM AEDT| By Kunal SawhneyCanadian Governor General Julie Payette submitted her resignation on Friday, January 22, amid a swirl of bullying and harassment accusations. Ms Payette, who is the representative of Queen Elizabeth II to Canada, steps down from her post while bein.....
1.3 Mn Canadians Collected EI Benefits in Nov 2020, 49% Of Them Women
January 24, 2021 02:28 PM AEDT| By Kunal SawhneyAbout 1.3 million Canadians received Employment Insurance (EI) benefits in the month of November 2020, a number that was down by 3.4 per cent from a record level of 1.4 million in October, reported Statistics Canada. A Labor Force Survey (LFS) fou.....
Why Australian house prices are set to soar 30% by 2023?
January 24, 2021 12:19 AM AEDT| By Kunal SawhneyThe lowest-ever interest rates might drive the house prices up by 30% during the upcoming three years, says Reserve Bank of Australia. Despite a recession triggered by COVID-19 in the ‘epic’ year of 2020, the rate of the houses surged 3....
Have Sunak’s policies been well-targeted?
January 23, 2021 11:58 PM AEDT| By Team Kalkine MediaThere is no denying that Rishi Sunak has been the most popular chancellor of the exchequer in the United Kingdom in the last many decades, primarily because of his big spending decisions. But we need to go back a bit in time to see if his p...
Clearance of New UK Coal Mine Leads to Controversy Within the Government
January 23, 2021 10:13 PM AEDT| By Kunal SawhneyA serious debate has erupted over the plans to open a new coal mine in the UK, which will be the first deep coal mine in 30 years. The Cumbria County Council had given a go-ahead to Woodhouse mine earlier this month. The MPs warned that the UK&rsqu.....
What Did Trudeau & Biden Discuss In First Official Call?
January 23, 2021 10:06 PM AEDT| By Team Kalkine MediaWith a backdrop of Canadian oil producers still fuming over the Keystone XL project cancelation, Prime Minister Justin Trudeau on Friday had his first official phone chat with new US President Joe Biden since he took office. Reports quoting official...
UK government borrowings record their highest level in December
January 23, 2021 07:27 PM AEDT| By Team Kalkine MediaThe latest figures posted by the Office for National Statistics reveal that the public sector net borrowing has hit a new record of £34.1 billion in December 2020. The monthly borrowing level is the highest for the month and third highest in any m...
UK Retail Sales Surge in December, But Hit Record Low in 2020
January 23, 2021 02:39 AM AEDT| By Kunal SawhneyThe latest data published by the Office for National Statistics (ONS) revealed that the retail sales in the UK slightly increased for December, though it was still below the expected levels in the Christmas period. The survey conducted between 29 .....
Will Australian economy look up in 2021? Top 5 things to look forward to
January 23, 2021 02:04 AM AEDT| By Kunal SawhneyWhile 2020 was a year of many unprecedented events, it provided us ample reasons to look forward to 2021. Still carrying a few dismal remnants of the year bygone, FY21 started on a tumultuous note with high unemployment, slow economic growth and low...
GfK survey records a fall in the consumer confidence index in January
January 22, 2021 08:06 PM AEDT| By Team Kalkine MediaThe latest figures for the UK consumer confidence index for the month of January have been released. The monthly report published by Growth for Knowledge (GfK) indicated a significant fall in the index by 2 points.&nbs.....
Annual CPI inflation reaches 1.4% in December 2020 quarter
January 22, 2021 01:10 PM AEDT| By Hina ChowdharyNZ CPI inflation struck 1.4% in December 2020 quarter compared to the same quarter in 2019, as per Stats NZ figures, released on 22 January. Economists had anticipated inflation to slide to 1.1%. In the December 2020 quarter, CPI increased 0.5% comp...
Keystone XL Scrapped: Trudeau, Biden Govts Off To Rough Start?
January 22, 2021 03:42 AM AEDT| By Team Kalkine MediaAs promised by Joe Biden and feared by Canadian oil producers, the brand new US president overturned Donald Trump’s permit for Keystone XL pipeline construction hours after taking office. This has led to many experts questioning whether the Tru...
UK Gas Networks Plan to Deliver First Hydrogen-Fuelled Town by 2030
January 22, 2021 02:37 AM AEDT| By Kunal SawhneyUK can expect to get its first hydrogen-powered heated town by 2030. Britain’s natural gas network operators are devising a strategy to roll out a Hydrogen fuel powered network. The new strategy is being formulated in line with the 10.....
Sunak’s Covid-19 policies being attacked by Labour
January 22, 2021 12:43 AM AEDT| By Team Kalkine MediaUK Chancellor Rishi Sunak has been fiercely attacked by the Labour Party on the way he is handling the economy during the pandemic. Shadow chancellor Anneliese Dodds has put across her views in her speech she delivered at the London .....
Canada’s 0.7% Inflation Rise In 2020 Was Slowest Climb Since 2009
January 21, 2021 10:39 PM AEDT| By Team Kalkine MediaAs Canadians tightened their pockets and adapted to a life indoors amid the coronavirus pandemic, Canada’s annual inflation level slowed down to an average of 0.7 per cent in 2020, reported Statistics Canada on Wednesday, January 20. This de.....
PM Ardern confirms above 18K state homes to be built by 2024; Will it end NZ’s housing crisis?
January 21, 2021 07:48 PM AEDT| By Mark O'DonnellPrime Minister Jacinda Ardern has affirmed the Labour Government’s promise to build more state homes as the waiting list for them grows to around 22,500 people. A total of 8,000 new homes were promised by Labour during its campaign in the le.....
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