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Economy
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How simplifying the tax system can help Sunak going forward
March 01, 2021 07:10 PM AEDT| By Team Kalkine Mediaat support to individuals and businesses would continue till the pandemic lasts. British finance minister Rishi Sunak has a huge task of bringing the economy back on the track after a full year of uncertainties and challenges. Ahead of the budge...
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Lens on the AUD Amid Rising Commodity Prices
March 01, 2021 06:32 PM AEDT| By Team Kalkine Mediait retreated 3.5% over the week on account of a bearish commodities and equities market. The previous week saw the Australian dollar on a roll, surging on the back of increasing commodity prices. On the 24th of February, the Australian dollar t....
Australian house prices record steepest hike since 2003; what’s driving the boom?
March 01, 2021 04:11 PM AEDT| By AshishSource:sommart sombutwanitkul,Shutterstock Summary Australian house prices reported their sharpest monthly rise since 2003 amid record low interest rates and government’s support. House prices soared 2 per cent across the major cap...
Chinese investments in Australia hit a 6-year low amid frayed relations
March 01, 2021 01:22 PM AEDT| By Ashishmed that Australia had blocked 10 Chinese investments on national security grounds. Amid the ongoing diplomatic tensions, Chinese investment in Australia plunged significantly in 2020. Even though global investments were negatively impacted due...
Canada Pension Board Chief Quits After COVID Travel Row
February 27, 2021 05:31 AM AEDT| By Ipsita SarkarSource: M-Foto, Shutterstock Summary CPPIB chief Mark Machin resigns after controversy over foreign travel for CIOVID shots. The board’s global head of credit investments John Graham to replace him. The finance ministry says people expe...
UK car sector seeks breather from Sunak in Budget 2021
February 26, 2021 06:25 PM AEDT| By Team Kalkine Mediay’s concerns are not met, it might miss on its environment goals as well. Car output in January for Britain dropped by 27 per cent year-on-year hit by dealership closures, global supply chain disruptions and change in trading terms wi...
UK border delays post-Brexit getting worse, claims study
February 25, 2021 11:40 PM AEDT| By Team Kalkine MediaGetting goods into the UK from the European Union (EU) has become more chaotic and bothersome for traders post-Brexit, a study has found. Importing and exporting goods from and to the EU have been marked by rampant delays and might end up c.....
UK services show large improvement in outlook: CBI survey
February 25, 2021 07:31 PM AEDT| By Team Kalkine Mediaetail sales dropped in the year to February as stores slashed jobs rapidly. The businesses and professional services firms have shown their biggest improvement in outlook in over five years a survey stated. However, the consumer services compani...
Australians’ average earnings decline as low-wage jobs recover
February 25, 2021 03:53 PM AEDT| By Ashisho put downward pressure on the average, said Bjorn Jarvis, head of Labour Statistics, ABS. The average earnings for full-time adults declined marginally in November 2020 amid a recovery in low-paid jobs, hours and wages. The average weekly ordin...
BoC Cuts Back Provincial Bond-Buying, Continues Quantitative Easing
February 25, 2021 01:35 AM AEDT| By Shreya BiswasSource: Shutterstock Summary The Bank of Canada said on Tuesday that it has decided to reduce its Provincial Bond Purchase Program (PBPP). The top Canadian lender reportedly said that it will conduct the PBPP once a week instead of twice from...
Government announces £700-mn booster for getting children back to schools
February 25, 2021 01:15 AM AEDT| By Team Kalkine MediaThe government on Wednesday announced a multi-million relief package for the education sector to ascertain a comprehensive recovery as England readies to exit the national lockdown. The funding support has been announced afte.....
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Why Have Holiday Bookings Suddenly Surged?
February 24, 2021 05:46 PM AEDT| By Team Kalkine Mediabookings; Greece, Spain, Turkey are the most favoured destinations. PM Boris Johnson’s announcement of the exit plan from lockdown led to a spike in holiday bookings. Johnson announced on Monday that the international travel ban might be l...
Why Australian wages grew at slowest pace in December quarter
February 24, 2021 03:18 PM AEDT| By Ashishate sector outpaced the public sector in wage growth during the period under review. The Australian wages grew at the slowest pace on record in the December quarter even as the economy recovered from the coronavirus-induced restrictions. The slo...
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RBNZ keeps OCR unchanged at 0.25% hints at prolonged stimulus
February 24, 2021 03:05 PM AEDT| By Manikarebound in NZ is better than expected, it is uneven and uncertain. As expected, the Reserve Bank of New Zealand (RBNZ) kept the official cash rate unchanged at 0.25%, as announced in its first monetary policy statement for 2021. The Monetary C....
Why UK’s Staggering Unemployment Rate Is A Cause of Concern
February 24, 2021 12:50 AM AEDT| By Team Kalkine Mediareased about 83,000 in January The Covid-19 pandemic has led the unemployment rate in the UK, rising to 5.1 per cent in the fourth quarter of 2020, government data from Office for National Statistics (ONS) showed. Compared to the third quarter,...
Roadmap to Recovery: Prime Minister Boris Johnson Unveils the 4-Step Plan
February 23, 2021 11:37 PM AEDT| By Team Kalkine MediaAddressing the House of Commons on Monday (22 February), British Prime Minister Boris Johnson disclosed a four-step cautious roadmap for the removal of lockdown restrictions. The new strain of the coronavirus that had emerged in the Unit.....
UKEF Launches Financing Scheme to Amplify Exports
February 23, 2021 11:32 PM AEDT| By Team Kalkine MediaWith the completion of the Brexit transition and the introduction of the newly-orchestrated arrangement between the United Kingdom and the European Union, the government is taking periodic measures in order to keep up the cross-border trade.....
Sunak may extend coronavirus support into summer
February 23, 2021 06:08 PM AEDT| By Team Kalkine Medianavirus restrictions are still in place can be effectively managed. Rishi Sunak, finance minister, UK is all set to spend billions of pounds to keep supporting the economy over the next four months, as the ongoing lockdown threatens survival of...
What drove the decline in Australia’s January exports
February 23, 2021 02:56 PM AEDT| By AshishThe global car manufacturing resulted in shortage of supplies. Australia recorded a goods trade surplus, even as import and export of goods fell in January 2021. While the goods trade surplus stood at A$8.8 billion, imports and exports dec....
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How COVID-19 hit private health insurance industry’s performance in 2020
February 23, 2021 12:56 PM AEDT| By Ashishrlier part of the year negatively impacted the investment earnings. Australia’s private health insurance sector was significantly impacted by the coronavirus pandemic last year as profit plunged due to negligible premium growth and muted i...
AI on the Rise: A Look at Top AI Companies and Their Stocks