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Economy
COVID-19 Pandemic Vs Global Financial Crisis: NZ Economic Indicators Under the Spotlight
September 17, 2020 08:10 PM AEST| By Team Kalkine MediaThe magnitude of COVID-19 disaster was initially underestimated by the policymakers worldwide. However, deep repercussions of the pandemic have ignited debates of its close resemblance with the global financial crisis (GFC) of 2008-2009. At the tim.....
Unemployment rate slips to 6.8% in August, Beacon of Hope on Economic Charter?
September 17, 2020 05:07 PM AEST| By Edita IvancevicAs a part of any global crisis, most national economies need to go through a tough period. That usually means people losing jobs and the loss of GDP, which ultimately leads to the state of recession. Find out more: What is recession? Compared to .....
What led Westpac-MI Leading Index to improve in August versus July?
September 17, 2020 02:26 PM AEST| By Team Kalkine MediaThe Australian economy has started to pick up momentum gradually after it suffered a massive jolt from the coronavirus outbreak. The 6-month annualised growth rate in the Westpac-MI Leading Index that shows the anticipated pace of economic activit.....
Grim Unemployment Scenario: End Of Furlough Scheme To Further Worsen It
September 16, 2020 11:22 PM AEST| By Team Kalkine MediaThe recently released statistics from the Office for National Statistics (ONS) have revealed that close to 0.7 million job losses have taken place across Britain since the start of the coronavirus pandemic. Economists are warning that the unemploym.....
Chinese data points hint at growth recovery, how does it impact Australia?
September 16, 2020 10:22 PM AEST| By Team Kalkine MediaRetail sales of China rose for the first time in 2020 in August as consumers increased spending. The recovery process of the Chinese economy has been gaining momentum amid revived demand, resilient exports, and rapid government stimulus measures af.....
NZ GDP to contract in June quarter, but a quick bounce back expected in Q3
September 16, 2020 03:35 PM AEST| By Team Kalkine MediaNew Zealand government led by PM Jacinda Ardern has garnered international accolades for pursuing the policy of going tough and going early in imposing lockdowns to curb the spread of coronavirus. NZ’s coronavirus free run for 102 days ended.....
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Kiwi’s Thirst for Travel Re-Ignites, Air New Zealand Sells 110k Tickets
September 16, 2020 03:06 PM AEST| By Team Kalkine MediaWhile the travel sector has been one of the worst hit in the face of COVID-19 crisis, Air New Zealand (NZX:AIR) is under the spotlight for reflecting some signs of revival for the sector amidst relaxed social distancing norms. The government of Ne.....
Is Australia ready for the JobSeeker cord being pulled?
September 15, 2020 11:06 PM AEST| By Team Kalkine MediaThe Australian government had launched wage subsidy programmes to counter rising unemployment, which occurred due to widespread shutdown of businesses, schools, restaurants, bars, airlines, and many other services amid coronavirus induced lockdowns.....
Bank Of England Could Keep The Interest Rate Unchanged
September 14, 2020 11:11 PM AEST| By Kunal SawhneyThe Bank of England (BoE) is expected to leave the interest rates untouched at 0.1 per cent as the British economy is moving on a slow but steady path to economic recovery. The next review of the interest rates is due on Thursday 17 September 2020 .....
There Could Be A €110 Billion ‘No Deal’ Brexit Catastrophe For the EU-UK Carmakers
September 14, 2020 11:11 PM AEST| By Team Kalkine MediaThe coronavirus pandemic has devastated the automobile sector. The lockdown induced by the coronavirus led to a steep decline in sales of cars. Though as soon as the lockdown was lifted by the British government, the sector witnessed the release of.....
5 Steps Australia should take as the business re-opens across Victoria
September 14, 2020 11:11 PM AEST| By Edita IvancevicVictoria imposed strict movement restrictions at the beginning of July this year, which will now be relaxed post-midnight of 14 September, after six weeks period. Unlike most democracies that faced severe COVID-19 impacts and yet chose to keep the.....
MPs Ask For A Targeted Extension Of The Furlough Scheme
September 14, 2020 11:00 PM AEST| By Team Kalkine MediaSummary The furloughing scheme was rolled out in the month of March 2020 when the lockdown was put in place. It helped as many as 9 million people in the country save their jobs, who received up to 80 per cent of their salaries from the governme.....
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San Francisco goes all orange, Is New Zealand the north star for 21st-century house hunters?
September 14, 2020 07:37 PM AEST| By Team Kalkine MediaHouse prices in New Zealand have hit a record high amid COVID-19 as sales improved after lockdown and people looked at renovating their homes due to increased amount of time spent there. As per the latest sales figures from Real Estate Institute o.....
Banks raise an alarm as RBNZ Governor prepares for Negative Interest Rate
September 14, 2020 05:47 PM AEST| By Team Kalkine MediaThe ongoing COVID-19 pandemic has hit businesses, disrupted supply chains, and threw the economies into a recession across the globe. Central banks of some of the leading countries are taking into consideration negative interest rates to combat the.....
UK Economy On The Path To Recovery: July Shows 6.6% Growth
September 13, 2020 11:00 PM AEST| By Team Kalkine MediaThe British economy grew by 6.6 per cent in the month of July 2020, according to the latest government statistics. This is the third consecutive rise in monthly growth of the nation’s economic output, after June (8.7 per cent) and May (2.4 pe.....
UK Get A Major Breakthrough, Secures Free Trade Pact with Japan
September 12, 2020 11:00 PM AEST| By Team Kalkine MediaOn 11 September 2020, over a video call, UK’s International Trade Secretary, Liz Truss and Japan’s Foreign Minister, Motegi Toshimitsu signed the UK-Japan Comprehensive Economic Partnership Agreement. The UK was successful in securing a.....
Brexit deadlock on Internal Market Bill: Britain inflexible, US-UK trade deal could suffer
September 12, 2020 08:32 PM AEST| By Team Kalkine MediaThe ongoing talks on Brexit between Britain and the European Union (EU) seemed to be on the edge of a collapse due to the UK’s inflexibility over the Internal Market Bill. The Boris Johnson's government has not agreed to a request from the EU.....
Are There Any Green Shoots Sprouting in the NZ Economy?
September 12, 2020 12:35 PM AEST| By Team Kalkine MediaWhile the Kiwi Land is battling with the second wave of COVID-19 infections and resultant lockdown restrictions, stronger than anticipated performance of the NZ economy has taken the world by surprise. Moreover, some optimistic signs of recovery ar.....
Read What’s Happening Inside Australian Travel Industry!
September 12, 2020 12:30 PM AEST| By Team Kalkine MediaState border closures and Victoria’s extended lockdown are threatening Australia’s travel industry like never before. The full recovery seems to be sometime away for the battered travel sector. However, one cannot neglect the dedicated .....
Pound Sterling Weakens Against The Euro
September 11, 2020 11:22 PM AEST| By Team Kalkine MediaThe British pound has been consistently falling against the euro, touching its lowest value in the past six months period to reach a value of 1.0784 on 11 September 2020. In fact, the sterling pound has dropped by more than 3 per cent since.....
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