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Economy
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.....
UK economy grew strongly in Q3 as lockdown measures eased
November 12, 2020 05:09 PM AEDT| By Team Kalkine MediaThe gross domestic product (GDP) for Britain grew at a record pace of 15.5 per cent for July to September 2020 quarter, reflecting a strong recovery after a record contraction of close to 20 per cent in the previous quarter of the year. In .....
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Reserve Bank tools to impact the NZ housing market
November 12, 2020 04:33 PM AEDT| By Team Kalkine MediaMedian house prices across New Zealand have surged 19.8% YoY, with the median now at $725,000 in October 2020 compared to $605,000 in the same month last year, as per Real Estate Institute of New Zealand (REINZ). The median house price in Auckland.....
How Yellow Messenger’s WhatsApp Virtual Assistant Will Empower Businesses
November 12, 2020 04:02 PM AEDT| By Hina ChowdharyAmid the coronavirus pandemic-laden challenging situations, most businesses have been facing a slump in sales largely due to the relatively lower spending capacity of the customers, and a temporarily disconnected customer-to-enterprise relation fol.....
Will Government Follow OTS Report Stating It Can Raise £14 Billion By Hiking CGT Tax?
November 12, 2020 03:42 PM AEDT| By Team Kalkine MediaIn an attempt to replenish the British government’s battered finances, the Office for Tax Simplification (OTS) has said that the Treasury could raise up to £14 billion by doubling the amount of Capital Gain Tax (CGT). The report of OTS.....
Australians’ consumer sentiment soars to 7-year high as COVID-19 fears fade
November 12, 2020 01:51 PM AEDT| By Team Kalkine MediaWith coronavirus fears on the wane, Australians seem to have grown more confident about the country’s economy as was reflected in November’s consumer sentiment index which reportedly climbed to a seven-year high. The steep climb in fig.....
How Will Post-Brexit Canada-UK Deal Impact Canadian Businesses?
November 12, 2020 10:00 AM AEDT| By Kunal SawhneyCanada would be ready for a post-Brexit trade agreement with the UK by the end of this year, Prime Minister Justin Trudeau said on Wednesday, November 11. But the UK government may face a ‘bandwidth’ issue in moving forward with.....
What does UK’s New National Security and Investment Bill Mean for Corporate Deals?
November 11, 2020 05:24 PM AEDT| By Hina ChowdharyThe UK government will table the National Security and Investment Bill in the lower house of the British parliament later this week. The bill was introduced to give enhanced powers to the government to review and if necessary, restrict foreign inve.....
Australian Government Invests $9.6 Million in Revolutionary Sunman Solar Technology
November 11, 2020 02:11 PM AEDT| By Kunal SawhneyUndoubtedly, the future belongs to renewable energy, as the world looks toward more sustainable ways of living without harming the environment. That said, to boost access to renewable power, the Australian government-owned Clean Energy Finance Corp.....
RBNZ aiming towards reintroduction of LVR mortgage restrictions
November 11, 2020 02:06 PM AEDT| By Team Kalkine MediaRBNZ made a surprising declaration today (i.e. 11 November) that by next month it would discuss on a probable reintroduction of loan to value ratio (LVR) lending restrictions on banks in March 2021 amid increasing worries of a housing bubble in NZ......
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Electric Vehicle Council at loggerheads with South Australia government’s new EV tax
November 11, 2020 01:41 PM AEDT| By Team Kalkine MediaThe South Australia Liberal government has shocked the country as probably the only jurisdiction on the planet to impose a tax on electric vehicle users. South Australia’s first-of-its-kind move has not gone down well with the Electric Vehicl.....
Can Boris Johnson compromise with the EU on trade deal?
November 10, 2020 08:28 PM AEDT| By Kunal SawhneyThe Brexit negotiations are at the most crucial and difficult stage at this moment. The United Kingdom had left the European Union on 31 January 2020 ending the membership of 47 years. The EU now has 27 economic and political partners. The .....
What Does Biden’s Victory Mean For The UK And Bilateral Trade
November 10, 2020 07:26 PM AEDT| By Kunal SawhneyUS President-elect Joe Biden’s historic win in the presidential elections will open a new chapter for the US-UK relations. Prime Minister Boris Johnson, while congratulating the 77-year leader, said both the countries have “common globa.....
Which Canadian Sectors Are Set To Gain With Joe Biden's Presidency?
November 10, 2020 04:53 PM AEDT| By Team Kalkine Mediai>The S&P/TSX Cannabis Index spiked by almost 15 per cent on Friday. After a much-dramatic 2020 US presidential elections, President-elect Joe Biden is now expected to take over the White House in January 2021. This change of government sout...
COVID-19: UK Unemployment Rate Surges To 4.8% in September Quarter
November 10, 2020 04:47 PM AEDT| By Team Kalkine MediaThe coronavirus has seriously hit the United Kingdom as the number of people out of work continues to rise. According to the latest data of the Office for National Statistics (ONS), the UK’s unemployment rate in the three months to September .....
Air New Zealand issued share options. Why is it facing a backlash?
November 10, 2020 02:04 PM AEDT| By Team Kalkine MediaNew Zealand's beloved airline Air New Zealand is in the middle of yet another controversy. Since the coronavirus pandemic started, Air NZ is seeing worse days than the good ones. The airline has been called out as "tone-deaf" as it recently issued .....
RBNZ likely to encourage more lending through its FLP tool
November 09, 2020 01:26 PM AEDT| By Team Kalkine MediaNZ central bank Governor Adrian Orr is likely to reveal a new monetary policy instrument that will drive borrowing costs to new record lows to accelerate economic growth. The Funding for Lending Program is witnessed as a vital step in RBNZ slashing.....
Australia-China Trade Relations Worsen; Are the Aussies Staring Down the Barrel?
November 07, 2020 04:18 AM AEDT| By Kunal SawhneyAmid growing virus-spat and economic and political heat between Australia and China, Australian exports have suffered considerably. Industries affected by this fall in exports include coal, beef, barley, cotton, and wine. This comes in the wake of.....
A Walk Through European EV market: How Government Subsidies & Cost-Effective Models Pushing Demand?
November 07, 2020 04:09 AM AEDT| By Hina ChowdharyThe mania for Electric Vehicles (EV) has taken the world by storm, with the escalating popularity of battery-operated motors bucking the globally dismal trends of COVID-19. Significantly, the rise of EV vehicles promises a new dimension worldwide, .....
Furlough extension: impact on UK economy and employment
November 06, 2020 10:20 PM AEDT| By Team Kalkine MediaThe extension of the popular furlough scheme till end of March 2021 has been described as a lifeline for the businesses and workers struggling to survive a harsh pandemic led winter in the UK. Rishi Sunak, Chancellor, UK Treasury extended t.....
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