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GER
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Economy
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New car registrations in Britain dropped but EV sales up, says SMMT
January 06, 2021 05:45 PM AEDT| By Team Kalkine MediaThe Society for Motor Manufacturers and Traders (SMMT) has said that new car registrations in the UK plummeted to a nearly three-decade low value last year. 1.63 million new cars got registered in 2020 as compared to 2.3 million totalling for the y.....
NZ property market likely to stay on its wild trajectory in H1 2021
January 06, 2021 04:03 PM AEDT| By Kunal SawhneyNZ property market has been on a wild trajectory, witnessing persistent increase in the housing prices. Property market leader CoreLogic’s house price index (HPI) increased by 2.6% in December, up by 11.1% from a year earlier, taking the gro.....
Chancellor Sunak announces lockdown grants of £4.6 billion to support businesses and jobs
January 06, 2021 03:53 AM AEDT| By Team Kalkine MediaChancellor of the Exchequer Rishi Sunak on Tuesday, 5 January, announced “lockdown grants” to the tune of £4.6 billion in order to support the businesses and related jobs that will be affected by the newly imposed national lockdown....
Ireland’s national house price inflation surges by more than 6% in Q4 2020
January 06, 2021 12:25 AM AEDT| By Hina ChowdharyThere has been an increase of more than 6 per cent in the national house price inflation in Ireland for the fourth quarter of 2020. As per the latest house price report from My Home.ie, the price has risen at the fastest pace in almost three years .....
Australian job ads soar to 18-month high: What does it mean for economy?
January 05, 2021 05:26 PM AEDT| By Team Kalkine MediaWith job advertisements hitting an 18-month high in December, the economy is expected to see a sustained recovery in employment going ahead. According to the job advertisement data from Australia and New Zealand Banking Group released on Tuesday, 5.....
What’s the reason behind the rally in Perth’s real estate prices?
January 05, 2021 12:00 PM AEDT| By Edita Ivancevics, sellers, and investors, who are likely to purchase investment properties. Experts believe that properties in Perth will increase by 10 per cent in price, as the Western Australia capital is experiencing a high demand for sales of houses due t...
Stricter Lockdown Rules Could Be Imposed in England, Says Hancock
January 05, 2021 03:57 AM AEDT| By Kunal SawhneyEngland could witness stricter lockdown restrictions in the next few weeks with the invariably rising coronavirus cases at a time when the nation has just started inoculating the vulnerable patients with the Covid-19 vaccine co-developed by.....
Ireland’s manufacturing sector shows growth in December, reveals survey
January 04, 2021 11:00 PM AEDT| By Kunal SawhneyThe latest survey results published by the AIB and IHS Markit show that the Ireland's manufacturing sector has shown a good growth momentum in December as the businesses prepared for the end of the Brexit transition period by stocking up supplies a.....
OPEC forecasts downside risks in H1 2021 as it contemplates boosting supply
January 04, 2021 09:11 PM AEDT| By Kunal SawhneyThe Organization of Petroleum Exporting Countries (OPEC) members and their partners will be meeting today (4 January) to discuss output levels for the month of February. The meet will be held via the video-conferencing route. This comes after a pr.....
How Did Australian Economy Sail Through 2020?
January 04, 2021 12:20 PM AEDT| By Hina ChowdharyThe global economy saw many firsts in the year 2020. The world saw historically low growth levels, high unemployment, ultra-low interest rate regime and shaky share markets. The bushfire severity made the first few months of the pandemic extremely.....
Reasons and forecasts of Australian economy’s recovery
January 03, 2021 12:14 AM AEDT| By Kunal SawhneyThe government projections for the fiscal year 2020-21 have shown that the economy is bouncing back. The mid-year economic and fiscal outlook presented a real GDP growth forecast of 2.75% for 2021. This forecast is higher by 0.5 pt from the forecas.....
UK Government Issues Warning for New Year's Eve, Asks People to Remain Indoors
January 01, 2021 03:34 AM AEDT| By Team Kalkine Media‘The Boris Johnson government has asked everyone in England to stay indoors on New Year’s Eve in a bid to avoid spreading the virus. On Wednesday, UK health secretary Matt Hancock announced that another 20 million people would join 24 m.....
Canada’s Year Of Economic Recession & Rebound In 2020
December 31, 2020 11:09 PM AEDT| By Team Kalkine MediaA few months into the pandemic, Canada was staring into the dark alley of economic recession, at levels not witnessed since the Great Depression of 1930s. In its fall economic statement, the country projected a fiscal deficit of C$ 381.6 billion, nea...
How 2020 Panned Out for Interest Rate Scenario Across Major Economies?
December 31, 2020 07:36 PM AEDT| By Team Kalkine MediaCentral banks across the globe have resorted to low interest rates to stimulate economies suffering from a recession amidst the pandemic. Many countries have lowered their interest rates to never-before-seen levels, close to 0% in most cases. Sinc.....
UK Parliament approves the Brexit trade deal
December 31, 2020 07:17 PM AEDT| By Hina ChowdharyBritish prime minister’s trade deal with the European Union was approved by the UK Parliament last night, making it a law, just a day short of the expiry of the Brexit transition deadline. Both the sides will be looking forward to a n.....
How does a stimulus boost an economy?
December 31, 2020 11:35 AM AEDT| By Team Kalkine MediaAn economic stimulus refers to the action wherein a government provides a package to the consumers by utilising different policies. A stimulus includes both monetary and fiscal policy measures. The purpose of a stimulus is to provide a boost to the e...
UK House Prices Continue to Rise in December
December 31, 2020 12:27 AM AEDT| By Team Kalkine MediaThe year 2020 has been a tough one for the economy for most sectors across all the countries. But some sectors did well as compared to others. If we talk about the UK in particular, despite all odds, the housing sector fared well in comparison with.....
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Brexit deal approved by the EU governments, UK votes on it today
December 30, 2020 06:24 PM AEDT| By Team Kalkine MediaEU, the 27-nation economic block has approved the post-Brexit trade deal with the UK, which will allow it to be provisionally applicable from January 1, informed Heiko Maas, the foreign minister of Germany. The country presently holds the rotating .....
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How Central Banks Changed the Course of 2020?
December 30, 2020 04:03 PM AEDT| By Team Kalkine MediaCentral banks across the globe have constantly been innovating and finding new solutions to combat the economic strain caused by pandemic. Amidst the uncertainty attached to the coronavirus and the lack of complete knowledge about the same, policy .....
5 Sectors That Outshone In 2020
December 29, 2020 09:34 PM AEDT| By Kunal SawhneyYear 2020 will go down in history for the COVID-19 pandemic and the havoc it wreaked around the world. Global lockdown, international trade suspension, disrupted productions, drop in demand of goods and services, etc. saw many industries ne.....
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