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Economy
March 2021 quarter sees a jump in electricity, wholesale sales in New Zealand
June 09, 2021 12:07 PM AEST| By SonalThe business financial data released today revealed actual sales values of 26 industries for the March 2021 quarter . The data comprises purchases, sales, wages and salaries as well as operating profit from most market industries in the NZ economy....
Eyeing tax credits in 2021? All about frauds & renewals
June 08, 2021 02:41 AM AEST| By AbhijeetSummary Tax credits are typically extra payouts from the government Mostly, the low-income individuals are eligible claimants In 12 months to 30 April 2021, phone scams rose 135 per cent The personal earnings of individuals have taken a n.....
UK’s Business Confidence At 7-Year High in May but Delta Variant Can Play Party Pooper
June 07, 2021 07:22 PM AEST| By Kamalika GhoshSummary UK’s business confidence soared to a seven-year high in May, according to the latest Business Trends by BDO. The easing of restrictions under the exit roadmap has played a part in upping sentiments. Services sector index included.....
Government Reportedly Mulling Over Delaying Exit from Lockdown in England
June 07, 2021 07:11 PM AEST| By Kamalika GhoshSummary Wearing of masks and social distancing restrictions are likely to remain in place until 5. The number of people with Covid-19 cases has risen by 75 per cent in England for the week ending 4 June. The Delta variant was said to be 40 per.....
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How Biden Plans To Cut 50% Emissions By 2030
June 06, 2021 05:38 PM AEST| By Team Kalkine MediaThe Joe Biden administration has set a target of a 50% reduction in greenhouse gas emissions in the US by 2030 as part of an ambitious plan to tackle the climate crisis head-on. The plan was announced during the Leaders' Summit on Climate, hosted .....
Is e-commerce spelling doom for Australia’s brick-and-mortar stores?
June 06, 2021 12:33 AM AEST| By Furquan MoharkanWhen e-commerce started picking up, many took it as a complimentary add-on to enhance customer service to existing physical retail stores. Gradually the e-commerce giants mushroomed in number, increasing their market share. But they were never a thre...
Has the Australian economy turned the corner on COVID-19?
June 06, 2021 12:13 AM AEST| By DaminiSummary The Australian economy is now officially above its pre-pandemic state. The slow vaccination rollout can put Australia’s post-COVID-19 economic revival at risk. The central bank expects strong economic growth in Australia for the .....
Widened sewage testing can be pivotal in reducing Covid outbreaks
June 06, 2021 12:01 AM AEST| By AbhijeetSummary The United Kingdom has been quite effective in helping the healthcare administration to arrest the increasing rate of hospital admissions. The NHS Test and Trace has been exemplary in ramping up the testing services in various locations.....
US Adds 559,000 Jobs In May But Labor Recovery Far From Over
June 05, 2021 12:46 PM AEST| By Team Kalkine MediaSummary Number of new jobs grew up by 559,000 in May, double that of April. Still, it may take more than a year for full recovery of the job market. The US had over 9.3 million unemployed people in May. US employers added 559,000 jobs in .....
A peek at Australia’s housing market
June 05, 2021 12:52 AM AEST| By Team Kalkine MediaSummary The national housing value climbed 2.2 percent in May. The total housing loans increased by a 0.5 per cent in April for an annual pace of 4.4 per cent In the last quarter, this is for the second time that growth conditions in capital c.....
How Green Exports Can Boost the UK Economy
June 05, 2021 12:14 AM AEST| By Suhita PoddarThe UK’s decarbonization and sustainability push has increasingly gathered momentum as the country aims to meet its ambitious net zero emissions target by 2050. According to a recent report by the UK’s business lobby group, Confederatio.....
Will Government’s New Building Law Create More Affordable Housing in New Zealand?
June 04, 2021 03:33 PM AEST| By ManikaSummary The New Zealand government introduces first set of reforms in the Building Act. Changes passed in the Parliament. Aims to boost housing supply for first home buyers. With a view to give a boost to building activity and housing sup.....
How UK’s Services Sector Made Its Strongest Recovery in May Since 1997
June 03, 2021 11:29 PM AEST| By Kamalika GhoshSummary UK’s service sector made its strongest recovery last month since May 1997. The services sector grew 62.9 in May compared to 61.0 in April, as per IHS Market’s monthly Purchasing Managers Index. Unexpected client demand cont.....
Can Animal Species Facing Threat Related to Climate Change Be Saved?
June 03, 2021 10:34 PM AEST| By Suhita PoddarClimate change has become a main challenge for the world, and worryingly global heating has begun to threaten animal life across the world. According to the International Union for Conservation of Nature (IUCN), over 37,400 species globally are fa.....
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The World Is Shifting to Cleaner Energy Forms, but What About Sustainability?
June 03, 2021 09:22 PM AEST| By Kamalika GhoshSummary Governments across the globe have come up with policies that encourage companies to change to alternative energy modes. Though there is more awareness now, it is also essential to look into the sustainability of these energy models. In.....
UK Reaches Landmark Deal with The EU on Fishing Rights
June 03, 2021 08:52 PM AEST| By AbhijeetSummary The agreement guarantees fishing rights of the British and EU fleet in EU and UK waters until the end of 2021. Fish worth around 650 million euros are caught every year by the European Union’s fishing fleets in the UK waters. The.....
April retail sales rise as shoppers brush aside pandemic woes; consumer stocks up
June 03, 2021 01:14 PM AEST| By AshishSummary Australia’s retail sales rose in April on expected lines as cafés, restaurants and takeaway food services reported encouraging data. While the retail trade rose1% month-on-month, the sales surged 25% compared with the corre.....
New Zealand Government’s Accounts In Better Shape, But Yet To Attain Pre-Pandemic Level
June 03, 2021 12:37 PM AEST| By SonalThe Treasury released the interim Financial Statements of the Government of New Zealand for the 10 months ended 30 April 2021 on Thursday. The core Crown tax revenue result shows the strength of present economic conditions, which outperform the Budg...
Australia’s March quarter GDP rises 1.8%, beats estimates
June 02, 2021 12:32 PM AEST| By AshishThe Australian economic activity recovered to be above pre-coronavirus levels and grew by 1.8% in the March quarter. With this, the annual growth stood at 1.1%, according to the data releases by the Australian Bureau of Statistics (ABS). The GDP n.....
New Zealand’s Exports Drop, Oil and Logs Resist Trade Price Decline
June 02, 2021 12:26 PM AEST| By SonalNew Zealand’s total exports of goods and services declined 16.5% to $72.6 billion in the year ended March 2021, as per the data released by Stats NZ on Wednesday. The data reflects the effects of the coronavirus-affected year. International tr...
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