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Economy
Good News! Here is how to get $1080 in your bank account
June 22, 2021 04:05 PM AEST| By Kiara KhannaSummary About ten million Australians to get $1080 on filing tax returns after June 30. All Australian residents earning under $126,000 are eligible. Australian Couples to get $2160 as a handout. Individuals to get $1080 as a handout. Th.....
Is Kiwi Consumer confidence on a recovery mode?
June 22, 2021 12:22 PM AEST| By SonalSummary The Westpac-McDermott Miller Consumer Confidence Survey rises 1.9 points to 107.1 in Q2 of 2021. The survey showed that the consumer confidence is improving and is on a recovery mode. Households were now spending more on entertainment .....
Biden's push for hydrogen fuel adds muscle to climate fight
June 20, 2021 01:24 PM AEST| By Team Kalkine MediaSummary The US expects decarbonizing its polluting industrial sectors would bring long-term benefits to the economy and the climate, besides creating jobs in the emerging clean energy sector. DoE is exploring feasible sites where it can produce.....
Tailwinds for the Australian Economy
June 20, 2021 12:35 AM AEST| By Team Kalkine MediaAcross the globe, the Covid 19 pandemic was the headwind no economy could escape. However, with vaccinations in place, situations are improving, and there is reason for a positive outlook. As per the monetary policy decision on 1st June, economic re...
How US industrial pollutions affecting health, environment
June 19, 2021 04:28 PM AEST| By Team Kalkine MediaSummary A study conducted by CDC found that PFAS compounds were present in varying degrees in almost every individual who participated in the survey. Given the serious harm PFAS can cause to human health, the Michigan Air Quality Division plan.....
How Poor Ergonomics In The New Hybrid Work Model Can Impact Health
June 19, 2021 02:20 AM AEST| By Suhita PoddarSummary Work induced injuries are a growing concern globally, a study of insurance firm Liberty Mutual reported work-related musculoskeletal disorders to cost employers up to US$13.4 billion annually. Employers can offer workplace equipment and.....
UK reports weekly jump of 79% in Delta variant infections
June 19, 2021 01:07 AM AEST| By AbhijeetSummary PHE has reported a sizable jump in the Delta variant cases The Delta variant cases in the UK increased by as much as 79.46% in a week Notably, 84 double-jabbed people with the Delta variant have been hospitalised The rising .....
COVID-19 leaves tourism workers in dire straits
June 19, 2021 12:59 AM AEST| By Furquan MoharkanThe workers in the tourism sector have been left in the lurch as COVID-19 meted out a sucker punch to the sector, wiping off most of the tourism in the world. Even as the jobs in the sector have been recuperating in the last three quarters, unemploy...
US banks to close early on Friday for Juneteenth Holiday
June 18, 2021 12:45 PM AEST| By Team Kalkine MediaSummary Many corporate offices and organizations such as Google and the National Football League will remain closed for the day. Around 5,000 branches of JPMorgan Chase will close in the second half. Juneteenth, also celebrated as the African A.....
Is New Zealand economy at pre-covid levels?
June 18, 2021 10:02 AM AEST| By RomaSummary GDP growth shows pre-covid levels Monetary policy relaxations may occur in wake of improving economy. Domestic business did well enough to make up for international losses. GDP numbers were announced yesterday. Stats NZ anno.....
US jobless claims climb to 412,000 last week after a pause
June 18, 2021 08:57 AM AEST| By Team Kalkine MediaSummary Some states have terminated the federal pandemic benefits checks for some households to stem a labor shortage in the market. The number of jobless benefits claims rose by 37000 to 412,000 last week, the first increase following a five-w.....
US Supreme Court dismisses Trump-backed challenge to Obamacare
June 18, 2021 04:30 AM AEST| By Team Kalkine MediaSummary In a 7-2 ruling on Thursday, the Supreme Court observed the petitioners had no legal standing to file the lawsuit seeking to invalidate the Affordable Care Act. Republicans questioned the legality of a key proviso and sought to know if .....
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Canada's CPI hike in May was the steepest in a decade
June 18, 2021 12:51 AM AEST| By Team Kalkine MediaConsumer Price Index (CPI) is up 3.6 per cent in May on an annual basis, according to Statistics Canada. The data agency has highlighted the impact of base-year on CPI. The pandemic struck last year and led to a grinding halt in economic activity. G...
Economy Set to Get a Big Boost with New Infrastructure Bank
June 17, 2021 08:44 PM AEST| By Kamalika GhoshSummary The UK treasury has launched a new infrastructure bank in the Leeds. The bank will fund various infrastructure projects across the UK through debt, equities and guarantees. The investment will be across multiple sectors such as transpo.....
ANZ expects RBNZ to hike rates in February 2022 after remarkable GDP numbers
June 17, 2021 05:02 PM AEST| By SonalSummary ANZ now expects the RBNZ to hike OCR in February 2022 after the country records strong GDP numbers in Q1 of 2021. Q1 GDP results stunned and failed many economists’ predictions. ANZ stated that inflationary pressure is rising and.....
Fed signals rate hike by 2023, expects 7% GDP growth this year
June 17, 2021 11:39 AM AEST| By Team Kalkine MediaSummary Currently, the bank’s interest rates are near zero; it also buys around US$120 billion worth of treasury bonds at low-interest rates monthly. Fed Chairman Jerome Powell said discussions would continue before a final decision; he d.....
New Zealand just escaped recession, GDP grows by 1.6% in March quarter
June 17, 2021 10:17 AM AEST| By ManikaSmmary Stats NZ announced today that GDP grew by 1.6% in the March quarter. NZ escaped a double-dip recession. RBNZ in its May Monetary Policy had predicted a dip in GDP again. Stats NZ revealed today that the Gross Domestic Product (GDP).....
UK inflation soars to 2.1%, highest since July 2019
June 16, 2021 09:53 PM AEST| By Team Kalkine MediaSummary UK CPI-based inflation rate soared to 2.1% in May 2021 Sharp increase clearly portrayed the sudden spike in demand Clothing, meals and drinks, motor fuel contributed majorly to the upsurge The Consumer Prices Index (CPI) bas.....
UK-Australia First Free Trade Agreement Post Brexit to Boost Boris Johnson’s Political Standing
June 16, 2021 08:35 PM AEST| By Kamalika GhoshSummary Australia and the UK signed the first free-trade agreement since Brexit. The deal would remove tariffs on swimwear, Hardy wines, Jacob’s Creek, and confectionery. It would also let people less than 35 years of age to work and liv.....
What is Superannuation Fund and how it is different from KiwiSaver?
June 16, 2021 06:08 PM AEST| By ManikaSummary Superannuation Fund is a sovereign wealth fund. It is for people above 65 years of age. It invests in equities in NZ and overseas. It provides supplemental income to the Kiwis. Superannuation Fund in New Zealand is a governm.....
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