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Economy
Veris Limited (ASX:VRS) Bags Pipeline Contract From APA Group
November 26, 2020 02:53 PM AEDT| By Hina ChowdharyVeris Limited (ASX:VRS) has bagged a service contract from APA Group Limited (ASX:APA) for providing survey and associated services for the new Northern Goldfields Interconnect (NGI) pipeline in WA. The contract offered by APA comes under $460 milli...
APRA releases superannuation data for September 2020
November 26, 2020 01:40 PM AEDT| By Kunal SawhneyThe Australian Prudential Regulation Authority (APRA) has released the superannuation statistics for September 2020. Over the year to September 2020, the assets under super products fell 1.6% to $2,891.3 billion compared to $2,939.7 billion. From .....
Adrian Orr to discuss tax alterations with government in housing clash
November 26, 2020 01:19 PM AEDT| By Hina ChowdharyAdrian Orr Governor of RBNZ had welcomed the letter written by the Finance Minister Grant Robertson, which asked the central bank to consider house prices alongside inflation and employment while formulating the monetary policy. Mr Orr has respond.....
BoE Governor Warns A No-deal Brexit Would Cost More Than Covid-19
November 26, 2020 04:18 AM AEDT| By Kunal SawhneyThe UK could see a bigger economic slump than the coronavirus pandemic has caused if Britain decides to move ahead without a trade deal with the European Union (EU), Bank of England (BoE) Governor Andrew Bailey has cautioned. While addressing the .....
Sunak’s spending review 2020 at a glance
November 26, 2020 04:14 AM AEDT| By Team Kalkine MediaThe UK Chancellor Rishi Sunak released the public spending plan on Wednesday 24 November, setting out the government’s allocations to different services and departments. The review prioritised the nation’s response to Covid-19 w.....
How will a change in the Capital Gains Tax regime benefit the government
November 26, 2020 02:23 AM AEDT| By Kunal SawhneyThe United Kingdom could be moving into a new Capital Gains Tax regime where these taxes can double up from their current levels, according to the Office for Tax Simplification (OTS). UK Chancellor Rishi Sunak in July had asked the office to review.....
How prepared is the UK auto sector for a no-deal Brexit?
November 26, 2020 12:21 AM AEDT| By Hina ChowdharyWith Brexit negotiations reaching the final rounds, the UK automotive industry has recently submitted a petition for a zero-tariff trade deal. The call came after a new survey conducted by the Society of Motor Manufacturers and Traders (SMMT) stated...
NZ government approaches RBNZ to deal with skyrocketing housing prices
November 26, 2020 12:10 AM AEDT| By Kunal SawhneyNZ’s housing market is booming when the economy has suffered the biggest recession since the Great Depression (1929-1933), coronavirus causing border closure and rising unemployment. House prices have risen to record highs which were expected.....
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Is Canada’s Banking System Resilient After 8 Months Of COVID?
November 25, 2020 05:40 PM AEDT| By Team Kalkine MediaThe onset of the COVID‑19 pandemic earlier this year triggered major concerns among central banks all around the world. The outbreak of a pandemic at this level and subsequent governments measures to contain its spread would weigh down on countri...
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RBNZ confirms to reintroduce LVRs next year to keep a check on rising housing prices
November 25, 2020 03:55 PM AEDT| By Team Kalkine MediaLately, house prices have been soaring in NZ. RBNZ is being held liable for it, as the central bank continues to print money to pull the economy out of the COVID-19 induced recession. Finance Minister Grant Robertson had written to Adrian Orr, RBNZ...
Which all UK industries are likely to benefit most if VAT relief is extended?
November 24, 2020 06:41 PM AEDT| By Kunal SawhneyThe UK government had reduced Value Added Tax on hospitality services from the current 20% standard rate to the reduced rate of 5% on 8 July and then further extended the period from 13 January until 31 March in a bid to save the sector from furthe.....
Canadian Businesses’ Net Income Up In Q3: How Different Sectors Fared?
November 24, 2020 05:31 PM AEDT| By Team Kalkine MediaAfter a length of tumultuous times triggered by the coronavirus pandemic, the third quarter (Q3) of 2020 saw a gradual recovery of economic activity in Canada, reported the Statistics Canada on Friday, November 20. Canadian businesses posted a gro.....
‘Now is the Time’: Melbourne Airport launches campaign to woo travellers
November 24, 2020 04:38 PM AEDT| By Team Kalkine MediaIn the backdrop of easing COVID-19 restrictions in Victoria, Australia’s Melbourne Airport is encouraging travellers to opt for air travel and make plans for their next trip. The airport, in partnership with Qantas (ASX:QAN), Jetstar, Virgin .....
Which sectors could gain as the UK enters a tiered set of rules post 2 Dec?
November 24, 2020 02:31 AM AEDT| By Kunal SawhneyThe UK government has decided to go in for a strict region-wise set of rules after the second lockdown gets over on 2 December. Though the decision is being opposed by the Opposition, health authorities are stressing upon it to avoid any spike befo.....
NSW's $32 Billion Electricity Infrastructure Roadmap Aims to Bolster Economy
November 24, 2020 12:05 AM AEDT| By Hina ChowdharyNew South Wales (NSW) has recently unveiled its electricity infrastructure roadmap, designed to shift the energy system towards renewable energy from coal. Moreover, the state government plans to lure renewable infrastructure and related private in.....
Brexit: Britain and Canada To Trade Under EU Similar Terms After Transition Period
November 23, 2020 11:07 PM AEDT| By Kunal SawhneyThe UK and the Canadian government have agreed to continue their bilateral trading on the same terms as that of the current European Union (EU) after the Brexit transition period gets over on 31 December. The deal in principle was agreed upon by B.....
Canada-UK Trade Deal: What Is The New Post-Brexit Agreement?
November 23, 2020 09:30 PM AEDT| By Hina ChowdharyAfter months of deliberating, Canada and the United Kingdom have finally reached a post-Brexit trade agreement. Under the new agreement terms, both the countries will continue to trade under the preexisting European Union (EU). In other wor.....
Rishi Sunak: We want a Brexit deal, but not at any cost
November 23, 2020 07:31 PM AEDT| By Kunal SawhneyRishi Sunak, the British Finance Minister admitted that there was genuine progress on Brexit negotiations between the UK and the European Union. At the same time, he said that it was better to walk away from a bad deal in case it was likely to tie .....
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One Nation Leader Mark Latham Labels NSW’s Energy Roadmap as a “New Tax”
November 23, 2020 03:05 PM AEDT| By Team Kalkine MediaMark Latham, the One Nation leader and the former member of the house of representatives, has slammed the energy roadmap unveiled by the government of New South Wales, citing that the cost would be ultimately passed to the consumers. Mr Latham has w...
Will Canadian Businesses Survive A Second Round of Lockdown?
November 22, 2020 04:30 PM AEDT| By Team Kalkine MediaWith the number of COVID-19 cases surging, hot spots in Ontario’s Toronto and the neighboring Peel Region are being sent under lockdown once again. The two regions have reported the greatest number of infections on a daily basis over the last.....
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