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Economy
COVID-19 lockdowns deal a blow to Australian employment in August
September 16, 2021 02:20 PM AEST| By Furquan MoharkanHighlights Australia’s job scenario has taken a hit amid COVID-19 spike as 146,300 have gone out of employment net. The labour participation rate has also dipped. The number of hours worked also witnessed a decline. The number of em.....
NZ GDP beats all forecasts, grows 2.8% in June quarter
September 16, 2021 01:56 PM AEST| By ManikaHighlights GDP grows by 2.8% in the June quarter. The numbers are driven by service, retail and accommodation industries. Shows that the New Zealand economy was doing very well before the Delta variant-related lockdowns. The economy grew .....
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What is National Insurance tax? How can you slash tax bill?
September 15, 2021 09:23 PM AEST| By Priya BhandariBritish Prime Minister Boris Johnson has announced hike in National Insurance tax by 1.2% from next financial year to pay for health and social care reforms. The rise in tax rate is designed to raise £36 billion (US $49.86 billion) over the n.....
How do consumers make purchasing decisions?
September 14, 2021 08:18 PM AEST| By Akanksha VashishtHighlights The modern consumer is well-informed and well-equipped with technological tools that help form decisions. As online consumer activity has picked up the pace, individuals have left behind a large trail of data for marketing firm.....
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Why people want an overhaul of childcare costs in UK
September 14, 2021 04:29 PM AEST| By Rishika RainaHighlights The UK has the highest childcare costs across the globe after Slovakia and Switzerland. UK Parents are finding the costs unaffordable and are demanding for an overhaul of childcare costs. According to latest OECD data, the UK ha.....
What to expect from bond and equity markets after RBNZ hikes interest rate
September 13, 2021 02:00 PM AEST| By ManikaHighlights Analysts signal a 25-basis point rate hike in the October monetary policy. This will have an impact on cooling of inflation. Equities and bond prices will feel the headwinds due to interest rate hike. The OCR hike which was put.....
Australia's skewed gender ratio in leadership roles needs attention
September 13, 2021 10:34 AM AEST| By Anam SiddiquiHighlights Only one woman was chosen out of 23 CEO appointments to lead an ASX 300 company last year, while no woman boss was appointed in the ASX 200 list. The gender pay gap increased 0.8 percentage point over the past six months due to.....
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Facing home loan hurdles? Here’s how to get the best deal
September 12, 2021 12:55 AM AEST| By Sanjeeb BaruahHighlights Six types of home loans are available in the US - three government-backed and three private schemes. The states run the Home Buying Assistance program to guide first-time home buyers. A good credit score, stable income, and employme.....
US airlines stare at a 24-28% revenue drop as Delta variant rages
September 11, 2021 05:37 AM AEST| By Sanjeeb BaruahHighlights Many leading American airlines expect a slowdown in bookings due to rising threats from the Delta variant. Airlines expect a 24-28 percent revenue decline in the third quarter of 2021 compared to the same period in 2019. However, ai.....
Automattic buys Social Image Generator plugin; what it means for WordPress users
September 10, 2021 12:07 PM AEST| By AshishHighlights WordPress parent Automattic has acquired Social Image Generator plugin. Social Image Generator creates social share images for WordPress content from a range of fully customisable templates for customers' social media Earlier i.....
How Australia is playing a crucial role in revving up global green transition
September 10, 2021 10:00 AM AEST| By Arpit VermaHighlights Australia's clean energy contribution has increased from 17% in 2016 to 27% in 2020. More than 25% of the country’s total electricity generation came from renewables in 2020. Australia has increased its renewable energy capaci.....
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Did UK ‘manipulate’ climate pledge for Australian trade deal?
September 09, 2021 11:20 PM AEST| By Rishika RainaIn a shocking development, as per an email, which was leaked to Sky News from an anonymous government official, the UK ministers in the Boris Johnson cabinet have mentioned of dropping climate pledges to secure the trade deal with Australia. With a.....
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COVID-19 upturn stalls reopening of Australia’s travel bubble with New Zealand
September 09, 2021 05:13 PM AEST| By Team Kalkine MediaThe reopening of Australia NZ travel bubble has received another setback after New Zealand’s Minister for COVID-19 Response Chris Hipkins brushed off the possibility of resuming quarantine-free travel bubble with Australia in the near future......
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Is Bank of Canada hiking policy rate to 0.5% in 2022?
September 08, 2021 10:06 PM AEST| By Ankit SethiThe question about a likely hike in policy rates is difficult to answer. Two forces that shape the decision of the Bank of Canada are price rise and GDP growth. The first -- inflation rate -- soared to 3.7 per cent in July 2021, according to Statist...
Is the UK staring at another lockdown in October?
September 08, 2021 04:26 PM AEST| By Priya BhandariHighlights Sage member reported that the Government is planning ‘firebreak’ lockdown in October, if the infection rates and hospital admission keeps on increasing. However, some members feel the decision will depend on the success o.....
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PM Johnson raises taxes to fund social care, NHS
September 08, 2021 01:19 AM AEST| By Rishika RainaHighlights PM Boris Johnson declared that his government would raise taxes for funding social care reforms and the National Health Service. Johnson plans to increase the UK’s National Insurance levy by 1.25%, with taxes on shareholders al.....
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What is the actual cost of buying a home in Australia?
September 07, 2021 07:11 PM AEST| By Sonal SinhaHighlights Purchasing a home is a life changing experience in one’s life. The cost of the property depends on the location and value of the property. Property price includes other fees along with the actual property price. Pur.....
RBA monetary policy: Going ahead with truncated bond buying; 130th month without rate hike
September 07, 2021 06:02 PM AEST| By Furquan MoharkanHighlights Central bank to press ahead with plans to truncate bond-buying spree Cash rate maintained as it is – for 131st month a trot. RBA Chief calls COVID-19 hit as ‘‘temporary.’ Overall, Australia is not as bad.....
NZ to spend NZ$24.3B on transport services and infrastructure in three years
September 07, 2021 10:34 AM AEST| By ManikaHighlights The New Zealand government releases its National Land Transport Plan. To invest NZ$24.3 billion in transport services and infrastructure over three years. NZ$6-billion earmarked for public transport, walking and cycling. The Go.....
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Wagamama latest to report staff shortage, Brexit curbs blamed for crisis
September 06, 2021 08:33 PM AEST| By Priya BhandariBritish Restaurant chain Wagamama has reported struggle in hiring chefs across a fifth of its restaurants as the businesses in the country warn of recruitment difficulties because of supply chain woes and staff shortages. After the relaxation of C.....
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