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Economy
Needle on Australia’s Property Market
May 26, 2021 08:07 PM AEST| By Team Kalkine MediaSummary Australian property prices do not appear to simmer down anytime soon, posing a threat not only to potential buyers but also to those living on rent. Regional areas have observed house values increasing to more than double due to increas.....
Countries to Take A Vow For Productive, Climate-Controlled Tomorrow
May 26, 2021 03:30 PM AEST| By RomaSummary UN Secretary General calls for a round table conference of world leaders. They will rally to focus on sustainable development. COVID-19 vaccination equity one of top priorities. In a big announcement, Antonio Guterres, the Secreta.....
No Surprises As RBNZ Keeps OCR Unchanged At 0.25%
May 26, 2021 01:53 PM AEST| By ManikaIn line with the expectations, the Reserve Bank of New Zealand (RBNZ) decided to keep the current monetary support with OCR unchanged at 0.25%. Even the Large-Scale Asset Purchase and Funding for Lending remains the same. The Monetary Po.....
GOP To Make A Counteroffer of US$1trillion To Biden's Infra Plan
May 26, 2021 12:39 PM AEST| By Team Kalkine MediaSummary President Biden is pursuing bipartisan support for the bill, which seeks to revamp the country's infrastructure, including roads, bridges, airports, and other facilities. Republican senators were confident that the new offer would be ag.....
New Zealand imports surge in April led by vehicles and crude oil
May 26, 2021 12:13 PM AEST| By SonalThe monthly trade balance of New Zealand was a surplus of $388 million in April 2021, as per the data released by Stats NZ on overseas merchandise trade. While goods exports increased 1.2% to $5.4 billion, goods imports surged 26% to $5 billion in th...
US Home Prices Surge To 15-Year High Amid Scarce Supply
May 26, 2021 09:58 AM AEST| By Team Kalkine MediaSummary Home prices in 20 major US cities have gone up due to high demand and low supply. There were 1.07 million homes on sale in March, 28.2% lower than last year’s figure. Economists say that prices will remain high due to the shortag.....
UK’s Trade with EU Drop 23% in Q1 Due to Brexit-Related Disruptions
May 26, 2021 02:45 AM AEST| By Suhita PoddarSummary The UK’s goods trade with EU nations posted a drop of 23 per cent in the first quarter of the year. Exports to Ireland suffered severe hit showing the disruption of Brexit. Trade with non-EU countries dropped by just 0.8 per cent.....
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UK Government Borrowing Hits Second-Highest April On Record
May 26, 2021 01:24 AM AEST| By Team Kalkine MediaSummary According to the institute for fiscal studies, after reaching a record high level of debt due to economic shock after the pandemic, the borrowings have begun to fall. The total debt still remains high, with a debt-to-GDP ratio of 98.5 p.....
What are expectations from RBNZ’s upcoming policy meet?
May 25, 2021 03:32 PM AEST| By SonalSummary RBNZ widely expected to leave the cash rate on hold and upgrade economic forecasts. Economic data has continued to show improvement since the last policy meeting. However, RBNZ likely to keep cautious amid downside risks to growth. .....
Where is the Australian Labour Market Headed?
May 24, 2021 03:03 PM AEST| By Team Kalkine MediaSummary The Australian unemployment rate has dropped to its lowest in a year. Speculations are rife about impending inflation and the shift to normalcy. The ABS has reported an unemployment rate of 5.5% for the month of April 2021, marking a st.....
New Zealand’s Retail spending grows 2.5% in Q1 2021
May 24, 2021 12:51 PM AEST| By SonalSummary The total retail sales volumes (seasonally adjusted) in New Zealand rose 2.5% on quarter in March 2021. Higher retail expenditure on electrical and electronic goods (+8.4%) and recreational goods (+16%) helped in improving overall spend.....
China’s trade restrictions may fall flat as Australia eyes Asia Pacific markets
May 24, 2021 12:26 PM AEST| By Team Kalkine MediaChina is one of the leading iron ore importers for Australia. As trade tensions heighten between the two, Australia could potentially be looking at a huge slump in export revenues if things do not go right. As if the pandemic-induced fall in demand.....
Okotoks Eases Burden of High Upfront Costs in Solar Panel Installation
May 23, 2021 12:26 AM AEST| By Team Kalkine MediaHundred per cent adoption of clean sources in electricity generation is costly. On the macro level, Canada needs to have zero electricity generation from power plants that use coal and coke as fuel. On the micro level, more homes and workplaces shoul...
How Renewable Energy Sources Evolved in The UK Over the Years
May 22, 2021 01:49 PM AEST| By Suhita PoddarSummary The UK’s energy mix has changed drastically over the years and 42% of electricity is now from renewable sources. In the UK, the biggest source of renewable energy is offshore and onshore The renewable energy prices have bee.....
Budget 2021 Aims At Greenhouse Gas Emissions; A glance At 5 NZX Energy Stocks- ZEL, MEL, MCY, TPW, TLT
May 22, 2021 06:00 AM AEST| By SonalSummary The New Zealand government has set out new funds and policies in budget 2021 to reduce the country’s GHG emissions. Budget has revealed the government’s plans to make investments in rail, EVs, and agriculture for greener pra.....
Did the end of Jobseeker Subsidy really Impact Unemployment in Australia?
May 22, 2021 02:49 AM AEST| By Team Kalkine MediaSummary The Australian Unemployment rate has fallen to 5.5% as per the Australian Bureau of Statistics. The current statistic is slightly above the pace at the start of the COVID-19. The federal budget, presented last week, included a plan to i.....
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UK retail sales see record jump in April 2021 as consumers flock for shopping
May 22, 2021 12:43 AM AEST| By AbhijeetSummary UK retail sales recorded sharpest growth on record in April 2021 Easements have cumulatively assisted in driving the retail sales Clothing and footwear provided the biggest upward contribution to the net sales a drop was seen in onlin.....
How Green Mortgages Can Revolutionise Energy Efficiency in the UK
May 22, 2021 12:05 AM AEST| By Suhita PoddarSummary UK’s climate goals will increasingly depend on how it can address heating and insulation inefficiencies in the housing sector. The government’s Ten Point Plan for Green Industrial Revolution points out green mortgages and en.....
Would New Zealand’s Budget Open Doors For More Employment In The Country?
May 21, 2021 03:09 PM AEST| By ManikaSummary Unemployment numbers still not that high in New Zealand Economic revival will boost employment. With focus on higher training for Kiwis, government revived the Training Incentive Allowance. The New Zealand Budget 2021 was mainl...
Budget 2021: What Is On the Horizon For New Zealand’s SMEs?
May 21, 2021 12:08 PM AEST| By Team Kalkine MediaSummary With the emergence of numerous technological innovations during the coronavirus pandemic, SMEs to scale up their digitalisation process. Budget 2021 announces ‘The Digital Boost Training Programme’. The programme aims at au.....
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