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Economy
Can inflation woes spark a firestorm in global markets?
May 15, 2021 03:47 AM AEST| By Furquan MoharkanThe global equity markets are witnessing a sizeable correction. The reason? The credit may become costlier for the companies. In the past seven days, two data sets on inflation came to light, and both presented a grim picture. The United States, the...
Drought Dents Australia’s crop production in 2019-20
May 15, 2021 03:43 AM AEST| By Furquan MoharkanThe value of Australian crop produced in 2019-20 dropped 4.8% in 2019-20 owing to the drought conditions prevailing in the country. According to the latest data released by the Australian Bureau of Statistics (ABS), the total gross value of crops .....
After 6.7% Job Decline In 2020, Where Does US Solar Industry Stand?
May 15, 2021 03:05 AM AEST| By Team Kalkine MediaYear 2020 saw significant workforce reductions in nearly all sectors due to COVID-triggered shutdowns, and the solar industry wasn’t an exception. Despite record installations of solar capacity last year, the United States recorded 6.7 per cen...
How ESG and sustainable investments are changing investments, businesses
May 15, 2021 12:45 AM AEST| By Suhita PoddarSummary In last one decade, the countries worldwide have been promoting ESG issues. Studies have proved that an efficient ESG strategy can see a growth in profits and also make your business more future ready. Studies have stated that ESG rati.....
Majority of Businesses Will Not Require Vaccination Proof: BCC Survey
May 14, 2021 11:55 PM AEST| By AbhijeetSummary A survey by BCC finds only 5% of firms have so far implemented vaccination proof requirement. Nearly 69% said they have no plans to put in place a vaccination proof requirement. 76% of firms said they expect social distancing to stay i.....
Where is Australia’s Property Sector Heading?
May 14, 2021 06:15 PM AEST| By Team Kalkine MediaThis year’s federal budget came packed with a set of new initiatives for first-home buyers. The government has extended the HomeBuilder program to 18 months and unveiled subsidies for the first-home buyers under the new budget announced on 11.....
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Restructure Of the KiwiSaver Signals Improved Benefits For The Default Members
May 14, 2021 05:19 PM AEST| By Team Kalkine MediaSummary New Zealand Government announced a major revamp of its KiwiSaver, reducing it from nine to six. The new improved default providers setting would benefit around 381K Kiwis who are currently in the default schemes. The changed settings w.....
NZ Manufacturing Drops In April, But Still in An Expansionary Mode
May 14, 2021 03:30 PM AEST| By ManikaManufacturing in New Zealand’s is lower than in March but is still expanding, said a report by BusinessNZ. Manufacturing activity dropped by 5.2 points in April as compared to March. According to a report by BusinessNZ. The Performance .....
Jacinda Ardern Optimistic About NZ’s Growth With Possible FTAs With UK And EU In Future
May 14, 2021 06:00 AM AEST| By Team Kalkine MediaNew Zealand Prime Minister Jacinda Ardern gave valuable insights and spoke on a variety of issues faced by the country during the current year as the nation awaits Budget for this year. Ardern’s speech came almost after a week after Grant Ro.....
New Zealand Food prices up 1.1% in April as tomato oversupply ends and minimum wage rises
May 13, 2021 01:59 PM AEST| By SonalSummary New Zealand’s food prices soared 1.1% in April 2021 month on month. Higher tomato and cucumber prices were the main contributors in driving food prices up. An increase in minimum wage also added to the overall rise in food prices.....
Will Higher Inflation Affect US Macroeconomic Performance?
May 13, 2021 01:06 PM AEST| By Team Kalkine MediaSummary Economists have warned if inflation persists, the situation could get worse. Rising inflation could impact key macroeconomic parameters like growth, GDP, and employment. Given the central bank’s mandate to maintain inflation typi.....
With House Sales Down in April, Have The Government Measures Started Paying off?
May 13, 2021 12:56 PM AEST| By ManikaSummary NZ house sales down in April, prices remain up. Some think it is a normal thing in April. Some analysts feel that it could be the early signs that govt measures are paying off. Looks like, the government’s measures to contro.....
Post-Brexit Historic Shift: UK’s non-EU imports higher than EU imports in Q1 of 2021
May 13, 2021 12:29 AM AEST| By Suhita PoddarSummary January-March 2021 became the first quarter in which UK’s non-EU imports were higher than imports from EU nations. Total imports were £14.5 billion or 12.3 per cent lower than the imports in the previous quarter. For the fi.....
UK Economy Recovered from Pandemic Lows in March, Claims New ONS Data
May 12, 2021 11:42 PM AEST| By AbhijeetSummary The national economy grew by 2.1 per cent in March. The growth was driven by sectors, such as education, retail, health, manufacturing, and construction. However, the British GDP shrank by 1.5 per cent during the first three month of 2.....
Metcash! Australia Spares Tobacco Tax Hike in Federal Budget
May 12, 2021 11:10 PM AEST| By Team Kalkine MediaFood & Staples Retailing Metcash Limited (ASX: MTS) reported on Wednesday that its FY22 EBIT is hit by $10 million because the Australian government's Federal Budget 2021 did not include a tobacco excise increase. The Company’s announcem.....
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Federal Budget 2021-22: An Attempt to Uplift Australian Women
May 12, 2021 05:58 PM AEST| By Team Kalkine MediaSummary Federal Government's 2021-22 Budget holds special significance for women, aimed at improving their safety, living standards and career prospects. The budget has allocated A$1.7 billion for childcare, which is expected to provide g.....
Why is oil & gas industry seeing red over federal budget?
May 12, 2021 05:08 PM AEST| By Team Kalkine MediaSummary The Australian government has allocated A$1.8 billion in the federal budget towards energy sector development. The budget is primarily focused on curbing greenhouse emissions and expanding the gas sector. The oil industry has raised co.....
Why is Clean Energy Council not pleased with federal budget?
May 12, 2021 03:11 PM AEST| By Team Kalkine MediaSummary The Clean Energy Council has highlighted the Federal Budget allocation to the renewable energy sector as a missed opportunity. Allocation of AU$1.2 billion has been made for a reduction in carbon emissions. There is a lack of adequate .....
Federal Budget: Tech shares roar as Govt moves to bridge skills gap
May 12, 2021 12:07 PM AEST| By Furquan MoharkanIn his Federal Budget speech, Australian Treasurer Josh Frydenberg said that the Scott Morrison-led Liberal Party government would be investing AU$1.2 billion in “Australia's future through the Digital Economy Strategy”. The move has se.....
US Economy Adds Record 1.8 Mn New Jobs in March As Hiring Slows
May 12, 2021 09:05 AM AEST| By Team Kalkine MediaSummary Food and accommodation sector creates the highest number of jobs at 185,000, followed by the education department at 155,000, and entertainment and recreation at 81,000. However, the number of jobs in the healthcare and social assistanc.....
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