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Economy
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OCR hike imminent as NZ jobless rate falls to 4%
August 04, 2021 03:57 PM AEST| By ManikaThe unemployment numbers showed a better-than-expected drop in the second quarter on the back of a strong economic recovery and the shortage of skilled and unskilled labour. With rising inflation and strong employment numbers, will the Reserve Bank.....
Despite lockdown, Australia’s June quarter retail sales up 0.4%
August 04, 2021 03:08 PM AEST| By Furquan MoharkanAustralia’s retail sales, despite lockdown, rose 0.4% during the June quarter, the Australian Bureau of Statistics informed on Wednesday. For most part of the quarter, people across the country had upped their discretionary spends. "Household...
RBA to cut bond buying program by 20% after a month
August 03, 2021 05:02 PM AEST| By Furquan MoharkanThe Reserve Bank of Australia (RBA) will trim its bond purchase program by 20% after a month despite the need for more liquidity in a system which has been hit hard by the COVID-19 pandemic. The Australian central bank said that it will purchase gov...
What do we know about UK's fuel poverty?
August 03, 2021 12:36 AM AEST| By Kamalika GhoshSummary Another half a million homes are pushed towards fuel poverty as global gas prices hit a 16-year high. Ofgem is expected to raise the price cap on energy to unaffordable levels, leading to soaring costs this winter. UK’s net.....
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What is The Triple Lock on Pension Saving?
August 02, 2021 11:00 PM AEST| By Kamalika GhoshChancellor of Exchequer Rishi Sunak has given a broad hint that the UK government may temporarily break the pension triple lock this year to prevent the UK Treasury being landed with a £7 billion uprating bill. The chancellor added that a po.....
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Is another stock market crash coming soon? What should you do?
August 01, 2021 12:56 AM AEST| By AayushSummary A stock market crash is different from a normal correction and happens once a few years. During the pandemic, the record highs in some of the benchmark indices across the globe and uncomfortably high valuations of some popular growth st.....
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How have the COVID-19 lockdowns affected employment in Australia?
July 31, 2021 12:00 AM AEST| By Daniel Paul JohnsSummary Until the beginning of July, Australia was doing very well in terms of recovery. According to the Australian Bureau of Statistics (ABS), in June 2021, unemployment decreased to 4.9% from 5.1% in the previous month. The recent lock.....
US GDP grew by 6.5% in Q2, falls short of expectations
July 30, 2021 06:24 AM AEST| By Team Kalkine MediaSummary The latest figure fell short of economists’ expectations. However, it was a slight improvement from the 6.3% growth rate in the first quarter of 2021. The second-quarter growth rate was higher than the pre-pandemic level, signific.....
Banks in focus amidst Australia’s current economic milieu
July 29, 2021 08:00 AM AEST| By Team Kalkine MediaThe new surge in cases from the Delta variant has pushed Australia into a new series of lockdowns. The September quarter has begun with the gloominess of restrictions, predicted to stay till December. While the government is trying its be.....
UK begins Covid-19 vaccine donation, to give away 9 million jabs
July 29, 2021 12:26 AM AEST| By AbhijeetSummary The UK government will be donating nine million vaccines starting this week Indonesia, Jamaica and Kenya are amongst the countries who stand to benefit The government has pledged to donate 100 million vaccines by the end of June .....
Planning to invest? Keep track of these economic indicators
July 27, 2021 08:25 PM AEST| By Team Kalkine MediaSummary Economic indicators can be used to better understand the economy and map out its future pace of growth. Using indicators such as GDP and relevant data on output can help investors view the market beyond just a set of graphs. GDP growth.....
What are the benefits and risks of a ‘vaccine passport’ for UK businesses?
July 27, 2021 03:49 PM AEST| By Suhita PoddarThe widespread availability of COVID-19 vaccines, increasing rate of vaccinations as well as businesses seeking to resume operations may all work in favour of providing vaccine certificates to know the vaccination or immunization status of any indi.....
Why is deflation more dangerous than inflation?
July 26, 2021 07:00 AM AEST| By Team Kalkine MediaSummary Excess supply of goods or the lack of adequate demand in the economy can lead to falling prices, also known as deflation. Low levels of inflation are considered by economists to be the default setup of prices in the economy. Coun.....
Biden unveils new aid for mortgage borrowers
July 24, 2021 03:50 AM AEST| By Team Kalkine MediaSummary The plan seeks to extend the repayment time and lower monthly principal and interest rates for mortgages. It aims to prevent a repetition of the sharp increase in foreclosures that occurred after the 2008-09 economic crisis. It seeks t.....
Mark Carney picks environmental diplomacy over electoral politics
July 21, 2021 11:49 PM AEST| By Ankit SethiSummary Carney has served as the Governor of the Bank of Canada and the Bank of England. He was viewed as a likely successor to Prime Minister Justin Trudeau. Carney has praised Liberal Party’s governance on multiple occasions. .....
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What's the buzz around National Insurance in the UK?
July 21, 2021 10:41 PM AEST| By Suhita PoddarSummary The UK government may hike the national insurance contribution in order to tackle a shortfall in social care funding. The UK government is planning to increase the national insurance contribution by 1%. The hike in National insur.....
Spike in Covid cases: Which sectors are likely to get impacted most?
July 20, 2021 08:55 PM AEST| By Suhita PoddarSummary Covid-19 cases saw a recent surge that could derail the economic recovery and impact different sectors. Hospitality, Airlines, and Real Estate could be some of the worst impacted sectors if cases continue to rise and any new restric.....
Westpac cuts fee for KiwiSaver scheme to help people reach their investment goals
July 20, 2021 11:05 AM AEST| By RomaSummary Westpac cuts fee for its KiwiSaver Funds Scheme by one third. Balanced fund, growth, and cash fund charges to witness drop. Efforts being made to help people get the most of investments. In a recent announcement, Westpac Banking C.....
Which are the 10 largest economies of the world?
July 19, 2021 10:27 AM AEST| By Team Kalkine MediaEmerging market economies may soon take over their Western counterparts, given the international recognition received by them over the past decade. In fact, many Asian countries have already shattered the glass ceiling and revolutionised how the worl...
Covid trouble continues: UK sees 36,800 new Delta variant cases
July 17, 2021 12:39 AM AEST| By AbhijeetSummary Delta variant cases in the United Kingdom increased by 36,800 All the legal restrictions will be lifted from Monday, 19 July The rate of hospitalisation has surged to 4.43 per 100,000 people The unending Covid distress in the Unit.....
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