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Economy
New Zealand PM Ardern To Meet Unions To Discuss Public Sector Pay Freeze
May 10, 2021 03:00 PM AEST| By SonalSummary The New Zealand government has drawn enough criticism from several workers on extending the pay freeze to the public sector. The step has been taken to lessen the pay gap amongst income groups. Robertson is denying claims of the NZ gov.....
Housing Crisis Deepens in New Zealand
May 10, 2021 02:22 PM AEST| By RomaSummary Housing crisis in the country hits new lows. The average house price witnessed a sharp surge. According to predictions, things could get better in the near future. New Zealand housing crisis seems far from over with ever increasin.....
Robertson Puts Economic Recovery and Kiwis’ Welfare On Priority in Budget 2021
May 10, 2021 12:44 PM AEST| By SonalFinance Minister Grant Robertson, at a pre-budget speech in Auckland, stated that obtaining recovery and investing in the welfare of Kiwis was the emphasis of Budget 2021. He announced that there would be more regular spending and capital investment...
ZEVs Can Be A Driving Force To Attain Canada’s Emission Targets
May 09, 2021 07:09 PM AEST| By Team Kalkine MediaPromises can be easy to make, a little challenging to keep. And when the promise is as ambitious as having net zero greenhouse gases emission by year 2050, challenges too are enormous. When Prime Minister Justin Trudeau recently pledged that Canada...
US Employment Numbers Fall Short of Expectations in April 2021
May 09, 2021 01:56 PM AEST| By DaminiAgainst widespread forecasts of the US economy adding about 1 million jobs in April 2021, the latest employment report released by the Labor Department showed that the economy added a disappointing 266,000 jobs last month. The report came as a sur.....
Net Zero Emissions: How UK Companies Are Trying to Achieve the SDGs
May 09, 2021 12:40 AM AEST| By Team Kalkine MediaSummary Sustainable Development Goals have been gaining a lot of attention in the last couple of years Britain has retained its position as one of the top 14 nations in the world, with SDG reporting rates above 90%. United Nations (UNs) bl.....
Increasing Women MPs Can Fix Canada’s Drop In Corruption Index
May 09, 2021 12:00 AM AEST| By Kunal Sawhney‘Peace, order and good government’ underpin Canada’s electoral and legislative landscapes. A country classified as a ‘full democracy’, it corroborated its democratic characteristics by scoring big in The Economist Intell...
The Rising Role of Hydrogen in Canada’s Zero Emissions 2050 Target
May 08, 2021 01:01 PM AEST| By Team Kalkine MediaSummary Canada is currently in the list of top ten hydrogen producing countries. Canada’s federal budget 2021 mentions the term ‘hydrogen’ 30 times. Federal government will extend tax incentives to businesses using hydrogen. .....
UK Construction PMI Expands in April, Highest in Over 6 Years
May 08, 2021 12:27 AM AEST| By Suhita PoddarSummary The IHS Markit-CIPS construction PMI recorded a value of 61.6 in April. Firms recorded good growth particularly in the segments of housebuilding, commercial activities, and civil engineering. The survey findings indicate that the Briti.....
How UK Grasslands Can Help It Achieve Its Net Zero Carbon Goals
May 08, 2021 12:21 AM AEST| By Team Kalkine MediaSummary Among the many sectors that contribute to emissions in the UK is agriculture Experts have said that the grasslands, and woodlands can store two billion tonnes and one billion tonnes of carbon, respectively. Many UK industries, inc.....
RBA keeps GDP, employment outlook intact; unlikely to raise rate until 2024
May 07, 2021 05:42 PM AEST| By Team Kalkine MediaSummary The GDP growth is expected to be 4.75% over 2021 and 3.5% over 2022. The unemployment rate is expected to fall further to around 5% by the end of 2021 and 4.5% by mid-2023. Inflation and wages growth are projected to remain below the t.....
UK Would Need 410,000 Jobs in Small Businesses to Aid Recovery
May 07, 2021 04:18 PM AEST| By Suhita PoddarSummary A study found that the UK would need 410,000 jobs in small businesses in order to return to the pre-Covid growth path. In the UK, job losses in small business seem to have been almost double of the job losses seen in big businesses. .....
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Bank of England Sees UK’s Economic Growth At 7.25% In 2021
May 07, 2021 01:40 AM AEST| By Suhita PoddarSummary BoE has kept the interest rate unchanged at the existing all-time low level of 0.1 per cent The BoE’s May Monetary Policy Report noted that the economic activity picked up a stronger momentum during the recent months than was earl.....
UK services sector records highest reading since 2013
May 06, 2021 11:49 PM AEST| By AbhijeetContinuing the growth trend in 2021, the UK services sector bounced back sharply in April, largely driven by a meaningful surge in the consumer, as well as business spending. According to the IHS Markit/CIPS, the UK Services PMI rose to 61 in April.....
Is NZ Economy Under Strain? Here's What ANZ Business Outlook Survey Says
May 06, 2021 03:30 PM AEST| By SonalSummary Preliminary findings of the ANZ Business Outlook survey have revealed that strains on the economy are beginning to show. Business confidence surged with a jump of 9 points to +7% in May. Investment, exports and profit expectations all .....
Would New COVID-19 Case in NSW Put The Brakes On Trans-Tasman Travel Bubble?
May 06, 2021 02:50 PM AEST| By Team Kalkine MediaSummary A man tested positive in Sydney for coronavirus with high viral load and is currently in isolation. NZ Health Authorities are keeping a close watch and are in touch with the Australian Health counterparts. Currently, no changes are bei.....
RBNZ pitches for DTIs as its next option to support NZ’s financial stability
May 06, 2021 01:10 PM AEST| By SonalSummary In its biannual Financial Stability Report, RBNZ stated that it is prepared to take further action if needed to cool down the housing prices. House prices have risen 18.4% in April. RBNZ keeping DTIs as its next option but would need R.....
Salary Freeze For Frontliners May Lead To Troubles in The Near Future
May 06, 2021 12:54 PM AEST| By Team Kalkine MediaSummary Medical staff bearing the brunt of government cuts. Nation may face a shortage of doctors and nurses in the near future. Salary freezes might make the frontliners look for better options. With New Zealand being one of the few coun.....
Why Australia’s building approvals rose to highest level since 2017
May 05, 2021 03:48 PM AEST| By AshishSummary The number of building approvals rose to the highest level in March, owing to significant rise in apartment commitments. In March, the number of dwellings surged to 17.4%, following a 20.1% increase in February, according to the Austral.....
New Zealand Remains Upbeat As Unemployment Rate Decreases
May 05, 2021 02:49 PM AEST| By Team Kalkine MediaSummary New Zealand’s economy showed early signs of revival amid the coronavirus pandemic as compared to other countries. The country's unemployment rate declined from 4.9% (in December 2020 quarter) to 4.7% (in March 2021 quarter). More.....
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