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Economy
UK Manufacturing Output Could Shrink By 11 Per Cent In 2020
September 21, 2020 10:11 PM AEST| By Team Kalkine MediaThe manufacturing industry in the UK does not see much signs of a V shaped recovery with the coronavirus pandemic still far from being over around the country. A recent survey from the Make UK and BDO has suggested that the manufacturing businesse.....
Pound Falls As Interest Rates Could Turn Negative In 2021
September 20, 2020 10:25 AM AEST| By Team Kalkine MediaThe Bank of England (BoE) has informed that its officials are preparing for a possibility of pushing the interest rates below zero during the next year 2021 to drive the private sector investments across Britain. Many other regions such as the Eur.....
Westpac Forecasts 15% Spike in House Prices- Real Estate Weathering The COVID-19 Storm?
September 20, 2020 12:51 AM AEST| By Hina ChowdharyThe focus on economic recovery will be a constructive environment for the Australian housing market. The COVID–19 pandemic is an extraordinary occurrence, unlike any shocks or cycles that the world has encountered since most macroeconomic me.....
COVID-19 Travel Curbs Casting Dark Shadows on Australia’s Elite Sports Industry?
September 19, 2020 12:00 AM AEST| By Team Kalkine MediaWhile Australia has been enjoying billions of dollars in revenue from the sports domain over the past several years, the year 2020 is as different as chalk and cheese. No wonder, COVID-19 is the reason! The pandemic-driven travel and border restric.....
Brexit deal: EC President says chances fading away every day
September 18, 2020 07:15 PM AEST| By Team Kalkine MediaThe European Union (EU) chief executive said on 16 September 2020 that chances for the Brexit deal are fading every day as very little time is left to put the deal in place. Ursula von der Leyen, the President of the European Commission (EC) said t.....
Sunak may use new ways to save jobs once the furlough scheme ends
September 17, 2020 10:22 PM AEST| By Team Kalkine MediaRishi Sunak, Chancellor, UK Treasury has clarified time and again that the government’s furlough scheme will end in October 2020. That’s nothing new. However, what is new is that he has recently said that he might come up with some othe.....
UK house prices rose 3.4 per cent in June 2020, says ONS
September 17, 2020 10:10 PM AEST| By Team Kalkine MediaThe Office for National Statistics (ONS) came up with its house price data for June 2020 on 16 September 2020. The data revealed that the average house prices in Britain rose 3.4 per cent in the year to June 2020. This increase was up from 1......
How many stimulus packages have been launched in Australia during COVID-19?
September 17, 2020 08:19 PM AEST| By Edita IvancevicNot many nations have been as lucky as Australia when it comes to stimulating the economy and the citizens through financial aid packages. According to the Australian Treasury site, the final figure for the Australian economic stimuli was a stagger.....
COVID-19 Pandemic Vs Global Financial Crisis: NZ Economic Indicators Under the Spotlight
September 17, 2020 08:10 PM AEST| By Team Kalkine MediaThe magnitude of COVID-19 disaster was initially underestimated by the policymakers worldwide. However, deep repercussions of the pandemic have ignited debates of its close resemblance with the global financial crisis (GFC) of 2008-2009. At the tim.....
Unemployment rate slips to 6.8% in August, Beacon of Hope on Economic Charter?
September 17, 2020 05:07 PM AEST| By Edita IvancevicAs a part of any global crisis, most national economies need to go through a tough period. That usually means people losing jobs and the loss of GDP, which ultimately leads to the state of recession. Find out more: What is recession? Compared to .....
What led Westpac-MI Leading Index to improve in August versus July?
September 17, 2020 02:26 PM AEST| By Team Kalkine MediaThe Australian economy has started to pick up momentum gradually after it suffered a massive jolt from the coronavirus outbreak. The 6-month annualised growth rate in the Westpac-MI Leading Index that shows the anticipated pace of economic activit.....
Grim Unemployment Scenario: End Of Furlough Scheme To Further Worsen It
September 16, 2020 11:22 PM AEST| By Team Kalkine MediaThe recently released statistics from the Office for National Statistics (ONS) have revealed that close to 0.7 million job losses have taken place across Britain since the start of the coronavirus pandemic. Economists are warning that the unemploym.....
Chinese data points hint at growth recovery, how does it impact Australia?
September 16, 2020 10:22 PM AEST| By Team Kalkine MediaRetail sales of China rose for the first time in 2020 in August as consumers increased spending. The recovery process of the Chinese economy has been gaining momentum amid revived demand, resilient exports, and rapid government stimulus measures af.....
NZ GDP to contract in June quarter, but a quick bounce back expected in Q3
September 16, 2020 03:35 PM AEST| By Team Kalkine MediaNew Zealand government led by PM Jacinda Ardern has garnered international accolades for pursuing the policy of going tough and going early in imposing lockdowns to curb the spread of coronavirus. NZ’s coronavirus free run for 102 days ended.....
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Kiwi’s Thirst for Travel Re-Ignites, Air New Zealand Sells 110k Tickets
September 16, 2020 03:06 PM AEST| By Team Kalkine MediaWhile the travel sector has been one of the worst hit in the face of COVID-19 crisis, Air New Zealand (NZX:AIR) is under the spotlight for reflecting some signs of revival for the sector amidst relaxed social distancing norms. The government of Ne.....
Is Australia ready for the JobSeeker cord being pulled?
September 15, 2020 11:06 PM AEST| By Team Kalkine MediaThe Australian government had launched wage subsidy programmes to counter rising unemployment, which occurred due to widespread shutdown of businesses, schools, restaurants, bars, airlines, and many other services amid coronavirus induced lockdowns.....
Bank Of England Could Keep The Interest Rate Unchanged
September 14, 2020 11:11 PM AEST| By Kunal SawhneyThe Bank of England (BoE) is expected to leave the interest rates untouched at 0.1 per cent as the British economy is moving on a slow but steady path to economic recovery. The next review of the interest rates is due on Thursday 17 September 2020 .....
There Could Be A €110 Billion ‘No Deal’ Brexit Catastrophe For the EU-UK Carmakers
September 14, 2020 11:11 PM AEST| By Team Kalkine MediaThe coronavirus pandemic has devastated the automobile sector. The lockdown induced by the coronavirus led to a steep decline in sales of cars. Though as soon as the lockdown was lifted by the British government, the sector witnessed the release of.....
5 Steps Australia should take as the business re-opens across Victoria
September 14, 2020 11:11 PM AEST| By Edita IvancevicVictoria imposed strict movement restrictions at the beginning of July this year, which will now be relaxed post-midnight of 14 September, after six weeks period. Unlike most democracies that faced severe COVID-19 impacts and yet chose to keep the.....
MPs Ask For A Targeted Extension Of The Furlough Scheme
September 14, 2020 11:00 PM AEST| By Team Kalkine MediaSummary The furloughing scheme was rolled out in the month of March 2020 when the lockdown was put in place. It helped as many as 9 million people in the country save their jobs, who received up to 80 per cent of their salaries from the governme.....
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