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Economy
Worried over a double-dip recession, UK extends furlough and BoE provides QE support
November 06, 2020 12:48 AM AEDT| By Kunal SawhneyThe fears of the UK economy moving towards a double-dip recession might just turn out to be true, if one goes by the latest PMI survey results by the IHS Markit/CIPS (Chartered Institute of Procurement & Supply). The UK Purchasing Mana.....
FCA predicts disruptions in financial markets post the end of Brexit transition
November 06, 2020 12:44 AM AEDT| By Kunal SawhneyBritish watchdog Financial Conduct Authority has said that there could be unexpected disruptions in the country’s financial markets if Brexit negotiations fail after 31 December. Both sides, the EU and the UK, observe a significant amount o...
Joe Biden Vs. Donald Trump: Who Is Winning US Election 2020?
November 06, 2020 12:30 AM AEDT| By Team Kalkine MediaDemocratic party candidate and former vice president Joe Biden is taking on Republican party’s nominee and current President Donald Trump locked in a tight race in the ongoing US Presidential election 2020. Biden is supported by California Se.....
Bank of England Injects £150 Billion Stimulus into UK Economy
November 06, 2020 12:10 AM AEDT| By Hina ChowdharyThe Bank of England has decided to give another fresh stimulus package of £150bn ($194bn) for the UK economy in the wake of the second lockdown imposed by the British government to control the rise in coronavirus cases in the last few weeks.&.....
UK Lockdown 2.0 - Which Businesses Are Staying Open and What Is Different This Time
November 05, 2020 06:20 PM AEDT| By Team Kalkine MediaThe second coronavirus lockdown will come into force in England from 5 November midnight till 2 December, which will lead to the closure of non-essential shops, pubs, places of worship and gyms. On 31 October, British Prime Minister Boris Johnson .....
UK Car Industry to Suffer with The Economic Fallout of Lockdown 2.0
November 04, 2020 08:28 PM AEDT| By Kunal SawhneyWith more than one million active coronavirus infected cases, the British Prime Minister Boris Johnson announced a second national lockdown across the UK. The second lockdown is expected to weigh down heavily on the ailing car manufacturing and ret.....
US Election 2020: Trump or Biden? Trudeau Says Canada is Prepared
November 04, 2020 05:50 PM AEDT| By Kunal SawhneyWatching the US election 2020 unfold, Canadian Prime Minister Justin Trudeau says Canada is prepared for potential outcomes and is hoping for a smooth transition during the US election 2020. Current president Donald Trump, who’s been question.....
How Would The US Election 2020 Results Impact Canada's COVID Recovery?
November 04, 2020 04:51 PM AEDT| By Team Kalkine MediaLate Canadian Prime Minister Pierre Trudeau had once famously likened having a neighbor like the United States to "sleeping with an elephant”, in the sense that its movements had a cascading impact on Canada. With the US presidential election.....
New Zealand witnesses the biggest quarterly rise in the unemployment rate in Q3
November 04, 2020 01:56 PM AEDT| By Team Kalkine MediaNew Zealand recorded the largest quarterly rise in the unemployment rate in 3 months ended September 2020, in line with economists' predictions, as firms were compelled to lay off workers amid coronavirus induced recession. The official unemployme.....
RBA cuts rates and declares $100 billion bond-buying plan
November 04, 2020 01:15 PM AEDT| By Kunal SawhneyReserve Bank of Australia (RBA) yesterday announced a set of measures to aid the economic recovery in the monetary policy meeting. The bank has now officially begun quantitative easing (QE) program with a $100 billion bond-buying spree. Im.....
Commonwealth Bank Of Australia (ASX:CBA) Cuts Fixed Rate Mortgages & Business Loans, Variable Rates Unchanged
November 04, 2020 12:30 PM AEDT| By Team Kalkine MediaThe Commonwealth Bank of Australia (ASX:CBA) is the first big bank to slash home loan interest rates in the wake of the RBA slashing official rates to near zero. Interest Rates on Mortgages Slashed According to the latest Commonwealth Bank news,.....
US Elections 2020: What Donald Trump’s Return Means For Canadian Economy?
November 03, 2020 08:33 PM AEDT| By Team Kalkine MediaBefore the 2016 United States presidential elections, many analysts had predicted that American business tycoon Donald Trump’s win would bring the stock markets to a crash. But when he beat Hillary Clinton to the race on 9 November 20.....
Why is PM Scott Morrison’s decision on Christine Holgate dubbed “double standard”?
November 03, 2020 05:50 PM AEDT| By Team Kalkine MediaAustralia Post CEO Christine Holgate has stepped down from her post after allegations of misuse of taxpayers’ money. Holgate’s decision comes after PM Scott Morrison criticised her act of gifting expensive Cartier watches to senior exec.....
CBI Chief Says British Companies Will Face Gloomy Winter Amid Second Lockdown
November 03, 2020 04:32 PM AEDT| By Team Kalkine MediaThe second national lockdown might devastate the economic conditions in the country as the UK companies could face bleak mid-winter. Chief of the Confederation of British Industry (CBI) Carolyn Fairbairn’s statement came after high-en.....
US Elections 2020: What Joe Biden’s Presidency Will Mean For Canadian Economy?
November 03, 2020 04:28 PM AEDT| By Team Kalkine Mediaping Trump’s permit for the Keystone XL pipeline project if he comes to power. With the United States Presidential elections 2020 right around the corner, Canada too is gearing up for likely impacts. However, the impact of Joe Biden becom...
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Aotearoa Circle's Sustainable Finance Forum Out; NZGIF under the Spotlight
November 03, 2020 03:19 PM AEDT| By Team Kalkine MediaThe latest report by Aotearoa New Zealand’s Sustainable Finance Forum (SFF), representing the collective initiatives of the SFF undertaken from January last year to November 2020, is grabbing headlines lately. The report sets out priorities a.....
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How is the market poised ahead of RBA meet?
November 03, 2020 01:55 PM AEDT| By Team Kalkine MediaThe Reserve Bank of Australia (RBA) is set to announce monetary policy decision later today. The top brass at the bank have been continuously quashing the idea of potential negative interest rates in Australia. Currently, the cash rate sits at 0.25.....
Payroll Employment Growth Slumps In August, Energy Sector Continues To Suffer: StatsCan
November 02, 2020 10:10 PM AEDT| By Team Kalkine MediaFive months into the coronavirus pandemic, Canada recorded a decline in the payroll employment growth in the month of August, noted a recent study by Statistics Canada. The national data agency released its August results from the Survey o.....
Farage To Rebrand His Brexit Party to Anti-Lockdown Party
November 02, 2020 09:54 PM AEDT| By Team Kalkine MediaBrexit Party leader Nigel Farage will rebrand the group ‘Reform UK’, a party working as an anti-lockdown party, primarily to fight against anti-coronavirus restrictions enforced by Boris Johnson and his party. The party has officially s.....
How will the second lockdown hit the UK economy?
November 02, 2020 08:55 PM AEDT| By Team Kalkine MediaThe industries such as retail, hospitality, and travel are in for a nightmare as the UK government imposes the second lockdown across the country beginning Thursday, 2 November. The busiest shopping season for all these industries was comi.....
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