Economy


 Sterling Expected to Weaken Against the US Dollar

Sterling Expected to Weaken Against the US Dollar

September 06, 2020 11:11 AM AEST| By Team Kalkine Media

  The 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!

Sneak Peek at What’s Latest in Travel Space!

September 06, 2020 03:00 AM AEST| By Team Kalkine Media

Unfurling 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

Success of ‘eat out to help out’ scheme: Pret A Manger launches subscription service

September 05, 2020 08:36 PM AEST| By Team Kalkine Media

The 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?

Housing Sales And Prices Rising, But Can They Be Sustained?

September 04, 2020 11:11 PM AEST| By Team Kalkine Media

The 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?

Will the furlough scheme end in October and what could be its impact?

September 04, 2020 09:36 PM AEST| By Team Kalkine Media

The 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

COVID-triggered ‘She-cession’ Causes Hard Financial Times For Canadian Women

September 04, 2020 08:10 PM AEST| By Team Kalkine Media

The 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?

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 Media

Australian 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?

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 Ivancevic

Australia 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.....

 Three Key Trends Defining Travel Sector’s Recovery from COVID-19 Storm

Three Key Trends Defining Travel Sector’s Recovery from COVID-19 Storm

September 04, 2020 03:11 PM AEST| By Team Kalkine Media

No doubt, COVID-19-induced restrictions initially smashed the thriving NZ travel industry amid stringent lockdown restrictions and overseas travel bans. However, some optimistic trends that appear to hit the ground running deserve closer attention .....

 3 Main Areas Of Discord In The Brexit Trade Negotiations

3 Main Areas Of Discord In The Brexit Trade Negotiations

September 03, 2020 11:15 PM AEST| By Team Kalkine Media

Recently Michel Barnier, Head (Task Force for Relations with the United Kingdom), European Commission has expressed dissatisfaction over lack of adjustment from the British government over finalizing the Brexit trade deal between the UK and the EU .....

 UK Enlarges Its Investment into Rapid Covid-19 Test Kit Trials

UK Enlarges Its Investment into Rapid Covid-19 Test Kit Trials

September 03, 2020 11:11 PM AEST| By Team Kalkine Media

The United Kingdom has moved a step forward in its mission to eradicate the virus. The Health Minister of Her Majesty's Government Matt Hancock has said that the government will roll out a new COVID- 19 test that will provide accurate results in le.....

 Is the British Government Going to Raise Taxes to Ease Its Debt Burden?

Is the British Government Going to Raise Taxes to Ease Its Debt Burden?

September 03, 2020 11:11 PM AEST| By Team Kalkine Media

Summary The public debt levels of the British government are set to cross £360 billion, by the end of this year, which is one of the highest the country has seen in its modern history. Several conservative MP’s had raised queries re.....

 Retail Confidence Crashes in August amid Level 3 restrictions

Retail Confidence Crashes in August amid Level 3 restrictions

September 03, 2020 06:53 PM AEST| By Team Kalkine Media

The latest September NZ Retail Radar report shows that the retailer confidence declined substantially due to Level 3 lockdown in Auckland during August because of the resurgence of community transmission of coronavirus in NZ. Though, sales had rec.....

 What next in Property Space: House prices tumbled 0.4 per cent in August

What next in Property Space: House prices tumbled 0.4 per cent in August

September 03, 2020 04:22 PM AEST| By Team Kalkine Media

Australian property space is currently witnessing an obscured outlook, eclipsed by the COVID-19 induced uncertainty. The headwinds challenging high-priced property space in Australia have entailed a downfall in the housing prices for four months co.....

 COVID causes Canada's economy to contract by 38.7% in Q2, worst since 1961

COVID causes Canada's economy to contract by 38.7% in Q2, worst since 1961

September 03, 2020 04:26 AM AEST| By Team Kalkine Media

Beaten by the loss of business due to COVID-19, Canada’s real gross domestic product (GDP) saw a record dip at an annualized rate of 38.7 per cent in the second quarter of 2020. This is the sharpest dip the Canadian economy has witnessed sinc.....

 All you need to know about JobKeeper Payment scheme

All you need to know about JobKeeper Payment scheme

September 02, 2020 09:13 PM AEST| By Team Kalkine Media

After the devastating effect that coronavirus had on world economies, governments around the globe needed to find a solution to keep people in jobs. Australians have been luckier than most nations, as the Morrison Government introduced two stimulus.....

 How Will Sunak Garner Revenues In The Autumn Budget?

How Will Sunak Garner Revenues In The Autumn Budget?

September 02, 2020 09:01 PM AEST| By Team Kalkine Media

Summary The UK Treasury Chancellor to announce the schedule for public spending review and budget soon Speculations are doing rounds that taxes will be raised during the autumn budget Corporation tax, fuel duty, online retail tax, and pension .....

 Australian Gross Domestic Product Slides 7%, Recession Bells Ringing?

Australian Gross Domestic Product Slides 7%, Recession Bells Ringing?

September 02, 2020 08:03 PM AEST| By Team Kalkine Media

Australia suffered its worst economic downturn on record last quarter. Latest figures on National Income, Expenditure and Product were released by the ABS on 2 September 2020. The Bureau reports that Australia’s GDP fell 7.0 per cent in the J.....

 RBA retains cash rate at 0.25% yet again; Majority of ASX indices ended in red

RBA retains cash rate at 0.25% yet again; Majority of ASX indices ended in red

September 02, 2020 11:36 AM AEST| By Team Kalkine Media

Summary RBA Board announced to maintain the targets for the cash rate at 0.25% on 1 September 2020. Under the expanded Term Funding Facility, ADIs shall have access to additional funding at a fixed rate of 25 basis points for 3-years. The Boar.....

 Medical Research Charities Face A Funding Gap; Pharma Industry Urges Government Help

Medical Research Charities Face A Funding Gap; Pharma Industry Urges Government Help

September 01, 2020 11:11 PM AEST| By Team Kalkine Media

The medical research charities have suffered during the coronavirus pandemic due to a substantial fall in their income that comes from fundraising. This year there has been a gap of £310 million and since April 2020 many of the medical resear.....

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