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Economy
Introduction of “Rule of Six”: Will It Further Put Pressure on Ailing Hospitality Sector?
September 11, 2020 11:11 PM AEST| By Team Kalkine MediaThe continuous surge in the number of Covid-19 cases has forced the British Government to take preventive measures to stop the spread of the coronavirus infection. In order to restrict the growing cases, the Government has rolled out a new rule whi.....
New Zealand’s 2-year bond yield enters negative territory for the first time: Impact on the larger economy
September 11, 2020 05:36 PM AEST| By Team Kalkine MediaNew Zealand has been leading the world in battling coronavirus. The country has been applauded globally for its effective control on coronavirus by imposing strict and early 7-week lockdown in April and May. However, the country witnessed a second .....
Morrison government revamped rules lets one take a dip into JobKeeper and JobSeeker dole outs
September 11, 2020 02:27 PM AEST| By Team Kalkine MediaJobKeeper and JobSeeker subsidies by the Australian government came to the rescue of more than 2.2 million people from falling into poverty as millions had come under the unemployment net or were facing reduced work hours. On 1 September, the Aust.....
Election 2020: Labour to bring a 39% tax rate for top income earners
September 11, 2020 04:37 AM AEST| By Team Kalkine MediaJacinda Ardern’s ruling labour party has proposed a new higher tax rate of 39% on income earned over $180,000 implying that only 2% of the taxpayers would in reality pay it, while others would keep paying taxes at the same rate as before. Th.....
Will food prices rise if the UK divorces Brexit?
September 10, 2020 11:11 PM AEST| By Team Kalkine MediaIn case of a no deal Brexit, almost half of the goods and services being imported from the Europe could attract extra duties or levies beginning January 2021, including food. The UK government estimates had suggested that total value of border tari.....
Is the Boris Johnson Government Planning to Alter the Brexit Deal?
September 10, 2020 09:47 PM AEST| By Team Kalkine MediaThe Pulling out of the United Kingdom from the European Union is creating unforeseen complications for both for the UK as well as the EU. The latest controversy to hit both these economic blocs is a statement made by cabinet minister Brandon .....
Westpac-MI consumer sentiment index rebounds 18% in September
September 09, 2020 11:00 PM AEST| By Team Kalkine MediaThe Westpac-Melbourne Institute Index of Consumer Sentiment soared 18% from 79.5 in August to 93.8 in September. The index is at present just 1.6% below the average over the 6 months prior to the advent of COVID-19 in March. The rebound of 18% afte.....
Will Higher Energy Bills During Winters Support Electricity Suppliers?
September 08, 2020 11:14 PM AEST| By Team Kalkine MediaThe British home energy bills could rise by around 18 per cent during the coming winter months, says the latest report from Energy Helpline, a company providing price comparison services for energy suppliers across the UK. The Energy Helpline esti.....
A Sigh of Relief for Tesco and Associated British Foods as the Consumer Spending Increases
September 08, 2020 11:11 PM AEST| By Team Kalkine MediaThe retail industry is the largest private sector employer in the UK, with one in 10 people working in the sector. Despite of the collapse of the British high street, online sales accounts for one-fifth of total retail sales across the nation. Supe.....
Queensland announces tax relief for SMEs with Australia planning more tax cuts ahead
September 08, 2020 12:00 AM AEST| By Team Kalkine MediaThe Government of Queensland has planned on giving an extra $249 million from the current subsidy in coronavirus related tax relief to small and medium enterprises (SMEs) with the motive of protecting SMEs in Queensland that are currently reeling u.....
Government plans ‘SEAT out to help out’ scheme, Cineworld to be impacted positively
September 07, 2020 11:11 PM AEST| By Team Kalkine MediaIn its efforts to bring large crowds that are required for the theatres and sports stadiums to operate viably during the coronavirus pandemic, the government plans to bring a ‘SEAT out to help out’ scheme. Oliver Dowden, Cultural Secret.....
Brexit Updates: UK Contemplates A New Bill, British Logistics Sector Looks To Avoid Chaos
September 07, 2020 11:00 PM AEST| By Team Kalkine MediaDavid Frost, chief negotiator, Brexit talks has said that the UK will not take a backstep on any of its demands with respect to its future relationship with the EU (European Union). He added that the EU side has no option but to understand that the.....
Sterling Expected to Weaken Against the US Dollar
September 06, 2020 11:11 AM AEST| By Team Kalkine MediaThe pound sterling is expected to fall against the US dollar due to the weak state of the British economy, according to experts. On 1 September 2020, the pound sterling’s value against the US dollar peaked at 1.345. Daily spot exchan.....
Sneak Peek at What’s Latest in Travel Space!
September 06, 2020 03:00 AM AEST| By Team Kalkine MediaUnfurling as a major health and financial crisis, COVID-19 crisis initially brought the thriving Australian travel industry to a grinding halt. At the time when the industry is putting its best foot forward to recoup to the pre-pandemic stage, some.....
Success of ‘eat out to help out’ scheme: Pret A Manger launches subscription service
September 05, 2020 08:36 PM AEST| By Team Kalkine MediaThe chancellor, Rishi Sunak’s ‘eat out to help out’ restaurant meal discount scheme turned out to be a hit as it substantially exceeded the UK Treasury’s estimates. In order to help grow their sales and contribute in the rec.....
Housing Sales And Prices Rising, But Can They Be Sustained?
September 04, 2020 11:11 PM AEST| By Team Kalkine MediaThe UK based largest online property website Rightmove has noticed a surge in consumer demand for residential property as a result of the stamp duty holiday announced by the UK government. The property portal said that it analysed sales of around 2.....
Will the furlough scheme end in October and what could be its impact?
September 04, 2020 09:36 PM AEST| By Team Kalkine MediaThe government has reiterated that it does not intend to extend the furlough scheme beyond 31 October 2020. From the start of September 2020, the companies using the scheme are required to contribute 10 per cent towards their staff salary. Si.....
COVID-triggered ‘She-cession’ Causes Hard Financial Times For Canadian Women
September 04, 2020 08:10 PM AEST| By Team Kalkine MediaThe COVID-19 pandemic has hit one and all in some way or another. However, statistics from various surveys show that women have been more exposed to the social and financial hurdles brought on by the pandemic than men. From loss of employment, unpa.....
How can Australia be impacted by China’s ban on Australia’s biggest grain exporter?
September 04, 2020 07:49 PM AEST| By Team Kalkine MediaAustralian exporters can strongly feel the heat of the bilateral tensions as China continues to intimidate the trade scenario by levying obstacles and restrictions. Adding a fresh dose of worries, China has suspended the barley imports from Co-oper.....
Australia in recession for the first time in Three Decades; Are There Any Emerging Green Shoots?
September 04, 2020 04:04 PM AEST| By Edita IvancevicAustralia has officially entered a financial recession due to the impact of the coronavirus pandemic. The prosperity had lasted for almost 30 years, one of the longest prosperous periods for any nation. Australian Bureau of Statistics (ABS) report.....
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