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Economy
Weekly Economic Calendar: Upcoming Global Updates Under the Spotlight
August 09, 2020 12:10 AM AEST| By Team Kalkine MediaSummary Amidst COVID-19 storm, economies all across the globe have started to reopen in the hope of registering a pyrrhic victory post a bleak first half 2020. After suffering thick and fast, America, China, Australia and New Zealand brace to r.....
Can Negative Interest Rates Become A Reality For The British Economy?
August 09, 2020 12:01 AM AEST| By Team Kalkine MediaSummary Benefits of a negative interest rate regime not very clear, especially in a very subdued demand scenario, due to the deadly impact of the coronavirus pandemic Banks already have a large amount of bad debts in their balance sheets, and n.....
Five-Point Action Plan to Survive COVID-19 Storm
August 09, 2020 12:00 AM AEST| By Team Kalkine MediaSummary The nation’s job market seems to be on track to defeat the pandemic, widening the professional skill set is crucial. Given the potentially positive signs emerging so far, the economic indicators deserve closer attention while gaug.....
Why Did Trump Reignite Aluminum Tariff War on Canada?
August 08, 2020 12:46 AM AEST| By Team Kalkine Media(Featured image Source: Government of Canada Photos) Summary United States President Donald Trump imposed tariffs on aluminum imports from Canada. Canada warned of a “dollar-to-dollar” retaliatory imposition of tariffs. Th...
JobKeeper Scheme to cost an extra $15 billion amid Victoria crisis
August 07, 2020 09:51 PM AEST| By Team Kalkine MediaSummary Changes worth $15 billion were made in the extended JobKeeper scheme. Businesses will now have to prove a decline in their GST turnover for only one quarter to qualify for JobKeeper extension, and workers will also qualify for the schem.....
Canadian Insolvency Filings Decline By Record Numbers After Federal Support
August 07, 2020 03:31 AM AEST| By Team Kalkine MediaCanada’s economic response plan and fiscal stimulus measures deployed to soften the blow of the pandemic seems to be bearing fruit. While tens of thousands of establishments shut down in the months of March and April, consumer and business in.....
Labour Market Conditions in The UK Improve as More Sectors Open Up, But Outlook Still Remains Grim
August 06, 2020 11:00 PM AEST| By Team Kalkine MediaSummary The REC and KPMG employment index for July stood at 43.4, up from 34.3 recorded in the month of July The improvement in the employment index in July is being attributed to the opening up of the hospitality sector, the largest employment.....
BP's plan for zero carbon emission by 2050, will other companies follow the suite?
August 06, 2020 08:14 PM AEST| By Team Kalkine MediaSummary Oil majors BP & RDSA have vowed to reduce carbon footprint by 2050 Supermarket operators SBRY & TSCO are likely to become carbon neutral in the next few decades There are some sectors where reducing carbon footprint still seems.....
Impact of Coronavirus on Australian Economy and Way Forward
August 06, 2020 06:29 PM AEST| By Edita IvancevicSummary A start of the new pandemic that originated in Wuhan, China created a global health challenge and an economic catastrophe. Just after the most horrific bushfire season ended, Australians needed to adapt to a “new normal”. B.....
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Unemployment, Financial and Economic Crunch: 3 Things that Kiwi landers May Consider to Sail Though
August 06, 2020 05:59 PM AEST| By Team Kalkine MediaSummary New Zealand’s critical unemployment scenario despite its significant success against the virus indicates an impending concern for the New Zealanders. The hard-hit travel sector might have still to wait for the potential Tran.....
Second Page of the COVID-19 Diary: Business Insolvencies, Unemployment, Underemployment
August 06, 2020 04:53 PM AEST| By Team Kalkine MediaThe Premier of Victoria Daniel Andrews declared new restrictions to limit the spread of coronavirus outbreak in Victoria and stated that the second lockdown could result in almost 250,000 job losses as a consequence of entire sectors freezing tempo.....
Coronavirus effect: Virgin Atlantic’s bankruptcy increases spotlight on airline stocks
August 05, 2020 11:00 PM AEST| By Team Kalkine MediaSummary Facing the Covid-19 crisis, Virgin Atlantic filed for bankruptcy after a month old announcement of securing £1.2 billion in funding. Despite higher cost and lower income, airlines need to invest in safety measures to check the spr.....
Goods exports to China are now nearly half of the total Australian Exports
August 05, 2020 10:10 PM AEST| By Team Kalkine MediaSummary Australian trade surplus rocketed to $8.2 billion in June 2020, driven by rising export of iron ore to China where surged steel production culminated in high iron ore demand. The robust trade statistics come at a time when severe .....
Prime Minister Scott Morrison’s Plan on Economic Recovery – 5 Aspects to be Looked at
August 05, 2020 09:45 PM AEST| By Edita IvancevicSummary A recent emergency state declared in Victoria put new challenges to the Australian health and economy. JobTrainer program is expected to create more jobs that will be needed in the future. Mr Morrison is planning to invest a lot of mon.....
How increased spending support and cash rate at 0.25% would help the Australian economy
August 05, 2020 08:19 PM AEST| By Team Kalkine MediaThe Reserve Bank of Australia (RBA) kept the official cash rate at 0.25% for the fifth consecutive month and reaffirmed the target yield on 3-year Australian government bonds at 25 basis points in its latest monetary policy meeting held on 4 August.....
Job losses Continue Unabated at Major British Companies
August 05, 2020 06:15 PM AEST| By Team Kalkine MediaThe spate of job losses in the United Kingdom is not showing any signs of abatement even after the lockdown has been opened in the past three months. Many major companies in the country have announced redundancies in the last month despite evidence.....
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Australian Banking Space Amidst Virus-Induced Volatility; Digitalisation Turning Over a New Leaf
August 05, 2020 06:09 PM AEST| By Team Kalkine MediaWith the emergence of COVID-19 pandemic, major Australian banks have drawn considerable attention for deferring/suspending their dividends, facing loan deferrals, and making capital provisions for potentially high credit losses in the challenging m.....
Jobs bouncing back in July but with a slower trajectory– Is your future secured?
August 05, 2020 03:14 PM AEST| By Team Kalkine MediaSummary Victoria declared ‘state of disaster’ and rise in the virus cases forced Melbourne and regional Victoria to enter stage 4 and stage 3 restrictions, respectively. Jobs continued to rebound in July, but its speed is relatively.....
NZ Legalising Cannabis: Is It Worth Rolling The Bill?
August 05, 2020 01:36 PM AEST| By Team Kalkine MediaUpcoming September voting on the Cannabis Legalisation and Control Bill to be introduced by the New Zealand Government will decide the fate of recreational cannabis in the nation. Will it be legal or continue to be illegal; shall be voted in one o.....
Policy rates remain unchanged, RBA expects 6% fall in GDP
August 04, 2020 10:02 PM AEST| By Kunal SawhneySummary The Reserve Bank of Australia has kept the cash rate unchanged in this policy meeting but intends to buy three-years bonds since yield is breaching its 25 basis points target. The Board has acknowledged the economic impact of the Victor.....
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