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Economy
Suburbs Lead Recovery in The UK As More And More People Work from Home
August 23, 2020 05:42 PM AEST| By Team Kalkine MediaSummary Fewer office workers coming to offices is leading to slower than expected recovery in cities like London and Manchester Suburban areas like Southall and East Ham have already reported an upturn in terms of consumer spending on clothing .....
UK Government Debt Crosses £2 Trillion
August 22, 2020 11:30 PM AEST| By Team Kalkine MediaAccording to the latest Office for National Statistics (ONS) data, the total debt for British government has crossed £2 trillion in July 2020, rising by £227 billion as compared to July 2019. It is noteworthy that the country’s ec.....
Despite Rise In Job Cuts, Private Sector Output Increased Sharply In Seven Years
August 22, 2020 11:20 PM AEST| By Team Kalkine MediaIn August 2020, the private sector companies in the UK saw a significant increase in business activities since 2013. Demand from customers rose for both the manufacturing and service sectors, suggesting an accelerated pace in recovery. The latest s.....
Online Buying: Jump In AO World’s Revenue; AO World, Kingfisher, Hermes, And DPD To Increase Hiring
August 22, 2020 11:10 PM AEST| By Team Kalkine MediaOnline shopping platforms had made it easier to make purchases online for a wide range of products. The stay-at-home orders, social distancing norms, and rise in fear of the contagion in closed environments like a shopping outlet have largely restr.....
From CERB to EI: Canada Revises Pandemic Income Support Programs
August 22, 2020 11:00 PM AEST| By Team Kalkine MediaInsurance premiums for workers and businesses kept intact at 2020 levels for next two years. Three more new one-year income support benefits proposed for those not covered under EI. The short era of the Canada Emergency Response Benefit...
Post Brexit-Trade Talks Stall Again; Making Headway Seems Difficult Before the End of Transition Period
August 22, 2020 09:46 PM AEST| By Team Kalkine MediaSummary The failure of Brexit deal would hinder the tariff-free movement of goods across borders as they did before the UK parted ways with the European Union The EU-UK deal is important for businesses from both sides to ensure that the competi.....
Britons Shopping Online: Waitrose, M&S, Next, And Asda To Strengthen Online Division
August 22, 2020 09:31 PM AEST| By Team Kalkine MediaSummary The coronavirus pandemic has accelerated the online shopping behavior. A study by Waitrose showed that the number of buyers at online shopping sites doubled from the 2019 levels. Many retailers are strengthening their online shopping p.....
Does the uptick in business activity indicate that British economy could recover soon?
August 21, 2020 11:20 PM AEST| By Team Kalkine MediaSummary IHS Markit / CIPS August PMI for manufacturing and services sectors displays sharp business expansion However, the number of new orders were still short of the total production capacity for most respondents Consumer demand is up, but s.....
Personal Finance Worries Subside A Bit for British Consumers: HSBC, Barclays And Natwest In Focus
August 21, 2020 11:20 PM AEST| By Team Kalkine MediaSummary The United Kingdom’s Gfk Consumer Confidence was recorded at -27 for August 2020 There has been an improvement in personal finances optimism, but the outlook of the economy has deteriorated, mainly because of the surge in the rate.....
HSBC Downgrade Its Prediction to A 10.3% Fall in GDP For the Year; Now Hopes hinge on Early Vaccine Development
August 21, 2020 11:11 PM AEST| By Team Kalkine MediaSummary HSBC believes that the British economy could shrink by as much as 10.3 per cent for the year, before it grows by about 6 per cent the year after The GDP shrinkage prediction of the bank is 0.8 per cent lower than the prediction of the B.....
Fire and rehire: Employees’ strike likely at Centrica-owned British Gas
August 21, 2020 06:29 PM AEST| By Team Kalkine MediaSummary Centrica-owned British Gas could face a strike by its employees in coming months after majority of the workers voted in favour of it in response to the energy company’s fire and rehire plans. In a consultative ballot by the GMB un.....
Inflation woes: Amid coronavirus crisis rail fares to rise by 1.6 per cent
August 20, 2020 10:00 PM AEST| By Team Kalkine MediaSummary Rail prices are set to rise by 1.6 per cent from January 2021, meaning an additional expense of around £100 to the cost of several annual season tickets. The increase in fare was a result of an unanticipated leap in July 2020 infl.....
Next move on Vaccine: Government's agreement with AstraZeneca catering 25 million Australians
August 20, 2020 04:47 PM AEST| By Team Kalkine MediaRecently, Australia undertook strides to secure access to a promising vaccine in a move to diminish coronavirus pandemic and would offer free access to the vaccine for Australians. Scott Morrison Government has signed a landmark agreement with UK-.....
Road to Economic Salvation Not Easy For Chrystia Freeland, Canada's First Woman Finance Minister
August 19, 2020 10:01 PM AEST| By Team Kalkine Mediainancial reporting under the belt. Canadian Prime Minister Justin Trudeau has named deputy PM Chrystia Freeland as the new Finance Minister, after Bill Morneau stepped down from the post over policy differences. In addition to the cabinet shuffl...
Bill Morneau resigns from Trudeau cabinet, speculations begin on next Finance Minister
August 18, 2020 03:40 AM AEST| By Team Kalkine Medialos and deputy PM Chrystia Freeland top contenders. Finance Minister Bill Morneau stepped down from his cabinet position on Monday (August 17) amid reports of increasing rift with Prime Minister Justin Trudeau over federal spending on COVID supp...
RBA's Projection: What if the Cash Rate stays at 0.25 per cent for 3 years?
August 17, 2020 05:47 PM AEST| By Team Kalkine MediaRBA held its cash rate at 0.25% in the latest monetary policy meeting on 4 August, and the move will continue to dampen the effects of coronavirus crisis on financially distressed borrowers. Interest rates are likely to be at record lows for some t.....
Travel Bubbles: Knights in Shining Armour for Battered Travel Industry
August 15, 2020 03:51 AM AEST| By Team Kalkine MediaWith COVID-19 pandemic initiating widespread border closures and leaving thousands of airplanes grounded, the global travel industry has been actively devising means to resume domestic and international travel with appropriate safety measures. Trav.....
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Scan Through Five Green Shoots Gleaming in NZ Property Market
August 14, 2020 07:33 PM AEST| By Team Kalkine MediaSummary Property market has begun to exhibit some prominent signs of recovery, charting out optimistic growth trajectory. NZ noted a M-o-M surge of 3.4 per cent in nation’s median house prices in July 2020, as per REINZ monthly property r.....
What Do Housing Starts Figures Say About Canadian Economy & Real Estate Market?
August 14, 2020 03:54 AM AEST| By Team Kalkine MediaSummary Housing starts have bounced back in July, hitting a two-year high, says Canada Mortgage and Housing Corporation (CMHC). A rise in housing starts means the economy is recovering as activities pick up across country amid eased restriction.....
China’s CPI numbers and Australian tie-ups
August 13, 2020 12:22 AM AEST| By Edita IvancevicDue to the coronavirus pandemic, countries around the world are experiencing a rise in prices of goods. Apart from the price increase, many territories are printing more money, resulting in currency inflation. Both situations mentioned above are c.....
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