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Economy
Deadline looms for superannuation early release scheme
December 29, 2020 03:02 PM AEDT| By Team Kalkine MediaSuperannuation early release scheme is set to end on 31 December 2020. The scheme was introduced in March after job losses soared in the wake of nationwide lockdown. Australians who were left financially-impaired, approached their super prov.....
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NZ welcomes UK-EU trade deal, meat exporters left unhappy
December 29, 2020 02:12 PM AEDT| By Team Kalkine MediaNZ government has welcomed the EU and Britain on the Brexit deal’s conclusion on 25 December. The EU and the UK have reached a free trade deal post-Brexit with both of them developing 2 distinct markets and putting an end to the free movement.....
Deferred Mortgages a cause of worry in NZ as arrears mount
December 27, 2020 12:18 AM AEDT| By Kunal SawhneyMortgage arrears have been on a rise in NZ as thousands of Kiwis are running behind on mortgage payments. This trend is a result of the fact that the Reserve Bank of New Zealand allowed retail banks to defer mortgage payments for customers, who wer.....
Australian government throws its weight behind the mining industry
December 26, 2020 12:59 AM AEDT| By Hina ChowdharyThe Australian government has taken a series of steps to reinvigorate the mining industry from the abyss of pandemic-induced downturn. Overall, there are more than 106 mining projects in advance stages of development within Australia and have.....
Tier update: List of Areas in England Moving to Higher Tiers from 26 December (Boxing Day)
December 25, 2020 07:39 AM AEDT| By Team Kalkine MediaThe unending worries around the coronavirus cases in England have soared to a new level, that too around the festivities of Christmas and Boxing Day when people are highly eager to travel and meet their relatives than any other time of the .....
UK and EU to Announce A Trade Deal on Christmas Eve
December 24, 2020 06:52 PM AEDT| By Kunal SawhneyThe UK and EU seem to have reached a suitable Brexit trade and security deal. It was reported that UK PM Boris Johnson held a late-night conference call with his Cabinet and senior ministers on the new Brexit deal. EU negotiators in Brussels have a.....
Alliance Group joins the wage subsidy repayment list
December 24, 2020 04:48 PM AEDT| By Team Kalkine MediaAlliance Group has announced to repay $34 million from the wage subsidy declared by the NZ government in early 2020. Alliance Group Limited is a prominent food business operated by professional and dedicated Kiwi farmers who grow natural lamb, bee.....
Canada’s Real GDP Rises 0.4% In October
December 24, 2020 03:07 AM AEDT| By Hina ChowdharyCanada’s real gross domestic product (GDP) marginally improved for the sixth month in a row. It was up by 0.4 per cent in October, following a 0.8 per cent rise in September, as per the Statistics Canada report released on Wednesday. The...
Hopes of Post-Brexit Trade Deal Are Rising: UK Cabinet Minister
December 24, 2020 02:30 AM AEDT| By Kunal SawhneyThe UK government is keen on negotiating with the European Union for a free trade agreement and simultaneously has been managing the severe Covid-19 pandemic which has severely disrupted the economy. The Brexit deal has taken a backseat due to the.....
NHS asks Johnson to extend the Brexit transition period
December 23, 2020 10:27 PM AEDT| By Team Kalkine MediaThe National Health Service has requested the prime minister Boris Johnson to extend the Brexit transition period by 30 days. The health body feared that a no-deal situation could risk the patient health during the coronavirus crisis. The B.....
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Ahead of Brexit, Canada & UK Agree To Temporary Trade Deal
December 23, 2020 07:21 PM AEDT| By Team Kalkine MediaAhead of the impending Brexit, Canada and the United Kingdom have agreed not to raise trade tariffs. The two nations will continue trade under current Canada-European Union Comprehensive Economic and Trade Agreement (CETA) terms, till the new Canad.....
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Residential property market sees a significant surge in New Zealand
December 23, 2020 04:46 PM AEDT| By Team Kalkine MediaKiwis have rerouted their funds into buying property, which they, otherwise, would have spent on overseas travel. The annual review of the Real Estate Institute of New Zealand (REINZ) showed that Kiwis spent about $12 billion more on buying houses i...
Canada's Employment Rose At Slower Rate in October, Earnings Up 6% YoY
December 23, 2020 03:33 AM AEDT| By Team Kalkine MediaAfter a surge of 2.2 per cent in September, Canada noted a 1.2 per cent month-over-month growth in its payroll employment in October, Statistics Canada said on Tuesday, December 22. The national data agency quoted the results from October&r.....
Deutsche Post DHL Stops Deliveries to The UK and Ireland
December 22, 2020 08:30 PM AEDT| By Hina ChowdharyGermany-based world’s largest logistics firm Deutsche Post DHL has ceased the deliveries in and out of Ireland after the flights and freight were suspended due to fears of the new coronavirus strain. Amid the growing fears of the virus sprea.....
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Ontario To Go Under Lockdown from Boxing Day: What Happens To Businesses?
December 22, 2020 07:50 PM AEDT| By Team Kalkine MediaAfter Canada wraps up Christmas celebrations, Ontario will be going under complete lockdown from Boxing Day (December 28) onwards in an attempt to pull the reigns on the rapid spread of COVID-19. The northern part of the province will reportedly re.....
New Covid strain: UK economy to slow down further
December 22, 2020 07:25 PM AEDT| By Team Kalkine MediaTighter restrictions at various places in the country for a longer period to contain the spread of the new virus strain would imply that the prospects for the UK economy in the next year are bleaker than earlier estimated. The deteriorating.....
Lloyds Bank Survey: UK Business Morale Jumps by Most in Over 4 Years
December 21, 2020 11:56 PM AEDT| By Kunal SawhneyThe UK, like many other nations, has underpinned the hopes on potential Covid-19 vaccines and expect them to play a vital role in helping the country come out of recession by shaping the economic recovery in the near future. FTSE 100 listed banking.....
International Flights Halted To and From UK: Full List
December 21, 2020 11:50 PM AEDT| By Hina ChowdharyWith the origination of the new strain of the Covid-19 (SARS-CoV-2) in the United Kingdom, most of the nations with scheduled departures and arrivals of the flights from the nation have cancelled the operations with immediate effect. This time the ad...
Voting today on the US Congress $900 billion package deal
December 21, 2020 07:22 PM AEDT| By Hina ChowdharyThe congress leaders agreed upon a Covid-19 aid package deal yesterday to fight with the surging coronavirus cases in the US. Votes are likely to take place today. The $900 billion (£660 billion) aid is the second largest economic stimulus in.....
As 2020 Nears An End, What Are Emerging Signs Of Economic Recovery In Australia?
December 21, 2020 06:33 PM AEDT| By Kunal SawhneyThe Australian economy has been on its recovery path since the September 2020 quarter. Notably, statistics continue to improve with time. Current statistical releases by the ABS reveal figures that were far better than expectations, making the case.....
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