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Economy
Fitch Ratings Declares NZ's Foreign Currency IDR at 'AA'
January 14, 2021 12:34 AM AEDT| By Mark O'DonnellFitch Ratings has recently confirmed New Zealand’s Foreign-Currency IDR as ‘AA’ while indicating a optimistic long-term outlook. AA indicates a very low default risk while the positive outlook indicates that the rating may be rais.....
New Ontario COVID Rules Favor Big-box Chains, Target Small Businesses: CFIB
January 13, 2021 10:59 PM AEDT| By Kunal SawhneyBusinesses in Ontario don’t seem to be very pleased with the new COVID lockdown rules that were announced on Tuesday, January 12. The Canadian Federation of Independent Business (CFIB), in an official release, accused the Ontario gov.....
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Post Brexit scenario: NI food supplies disrupted
January 13, 2021 07:03 PM AEDT| By Team Kalkine MediaNorthern Ireland has seen shortages in few food products as retail chains adjust to the post-Brexit arrangements while importing food items from Great Britain. Since December 31, NI continued to remain a part of the European Union’s single ma.....
Job vacancies rise 23% in November quarter, beat pre-COVID levels
January 13, 2021 01:26 PM AEDT| By Team Kalkine MediaJobs vacancies in Australia rose by 23 per cent in the November 2020 quarter amid easing coronavirus-induced restrictions. The job vacancies were 12 per cent higher than November 2019 on an annual basis, according to the latest data from the Austra.....
Trudeau Cabinet Rejig: Garneau Is Foreign Minister, Champagne Industry Minister
January 13, 2021 02:07 AM AEDT| By Team Kalkine MediaIn a major shakeup, Canadian Prime Minister Justin Trudeau reshuffled some key portfolios of his ministers via a virtual swearing-in ceremony on January 12, 2021. The changes were prompted after Minister of Innovation, Science and Industry Navdeep Ba...
Brexit And Crucial Law Enforcement Activities: Joint Probes to Continue
January 12, 2021 10:19 PM AEDT| By Team Kalkine MediaOn Christmas eve, the United Kingdom signed a last-minute trade deal with the European Union to avoid the chaos that could have resulted in no-deal Brexit. However, keeping things for last minute and adhering to tight deadlines often lead to policy.....
Government is providing over $2 million under BRII
January 12, 2021 04:06 PM AEDT| By Hina ChowdharyAustralia’s Industry Science and Technology Minister Karen Andrews has launched the latest round of funding for Business Research and Innovation Initiative (BRII). Source © Kalkine Group 2021 The Government will provide grants .....
Planning to buy a property? Five questions to ask real estate agent
January 12, 2021 08:35 AM AEDT| By Team Kalkine MediaBuying a property is a demanding game since high stakes are involved in the process. The whole process can be tested both on psychological and financial fronts. It becomes all the more tricky when you are dealing with a real estate agent. Even as e.....
UK third lockdown: When can the restrictions be lifted?
January 11, 2021 11:08 PM AEDT| By Kunal SawhneyBritish Prime Minister Boris Johnson and his cabinet had taken a huge risk after deciding to announce the third lockdown on Wednesday (6 January) owing to the spike in coronavirus cases in the country. The step was taken because of the new variant.....
A sneak peek at Sydney’s new building projects
January 11, 2021 08:34 PM AEDT| By Edita IvancevicImage Source: Shutterstock The construction industry in Sydney was besotted with great difficulties in 2020, courtesy the coronavirus pandemic. However, the approval of multibillion-dollar projects in Sydney, New South Wales is expected to stave off...
Dry weather across northern hemisphere hits wheat production, Is Australia in a sweet spot?
January 11, 2021 04:39 PM AEDT| By Team Kalkine MediaAustralia wheat is set to land far beyond China as the Russian and European supply chains are taking a hit. Dry weather has hurt top growing regions in the northern hemisphere; however, the condition across Australia has been conducive with widesprea...
Westpac cuts mortgage rate amid housing boom
January 11, 2021 02:35 PM AEDT| By Team Kalkine MediaWestpac Banking Corporation (NZX:WBC,ASX:WBC) has declared a mortgage rate of 2.29%, a steep 20 bps cut and the lowest rate offered by any of the 4 big banks in NZ. However, the special rate is only available on a 1-year fixed term for customers wi.....
Why Australian retail sales rose in November 2020
January 11, 2021 01:30 PM AEDT| By Team Kalkine MediaAustralia’s retail sales surged 7.1 per cent in November 2020, against a rise of 1.4 per cent in October 2020, as the domestic economy steadily rebounded amid the coronavirus pandemic. The preliminary data had anticipated the retail trade to .....
Households Gain Benefits from Tax Offsets, Consumer Spending Boosts
January 11, 2021 09:59 AM AEDT| By Kunal SawhneyThe new government tally shows that almost 8 million workers had an extra $760 million in their pockets over the past six months with COVID-driven tax cuts playing a central role in it. Tax cuts kicked-in across the continent as a part of a plan to...
US loses 140,000 jobs in December 2020
January 11, 2021 09:38 AM AEDT| By Team Kalkine MediaAccording to the latest employment data released by the US Bureau of Labor Statistics on 8 January 2021, the US's total nonfarm payroll employment has fallen by 140,000 in December 2020. The recent surge in the no. of coronavirus cases and the rela.....
PM Johnson appoints Alok Sharma as full-time President of UN COP26
January 10, 2021 12:52 AM AEDT| By Kunal SawhneyPM Boris Johnson on Friday, 8 January, designated former Business Secretary Alok Sharma as the full-time President of UN COP26 climate conference that is scheduled to take place in Glasgow in November. Kwasi Kwarteng has been appointed as the Secre.....
Halifax Says Growth in House Price Is Slowing Down After the Boom
January 10, 2021 12:49 AM AEDT| By Kunal SawhneyBritain’s biggest mortgage lender Halifax released its latest report on 8 January, which indicated that the average house price in the UK for the month of December reached a record high of £253,374. Though there was a 6 per cent increa.....
UK Records Highest Daily Toll of Covid-19 Deaths, NHS Staff to Be Vaccinated Soon
January 09, 2021 06:53 PM AEDT| By Hina ChowdharyThe hospitals in London are at risk of being overwhelmed as Friday witnessed the highest daily death toll since the onslaught of the coronavirus pandemic. PM Boris Johnson has enforced the third lockdown and is procuring more and more vaccines to s.....
COVID-19 Second Wave Impact: Canada Lost 63,000 Jobs in Dec 2020
January 09, 2021 03:23 AM AEDT| By Kunal SawhneyAfter a streak of monthly gains, Canada’s job market witnessed a loss of 63,000, or 0.3 per cent month-over-month (MoM), in December last year, reported Statistics Canada. This latest drop in numbers is the first decline in the country’s...
UK employment market strengthened in December, says REC survey
January 08, 2021 05:45 PM AEDT| By Team Kalkine MediaThe UK jobs scenario has improved in December, before the new lockdown was imposed, according to the results of survey from Recruitment and Employment Confederation. There was a rise in permanent hiring along with a small leap in the total number o.....
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