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Economy
Which Were the Winning Sectors in The UK Budget 2021
March 13, 2021 04:02 PM AEDT| By Suhita Poddarptember, where employees will continue to receive 80 per cent of their salary UK Chancellor of Exchequer Rishi Sunak announced his second annual budget on 3 March, which included promising measures to safeguard the coronavirus crisis that hit bu...
A Year Of Pandemic: How Canada Survived COVID In 2020
March 13, 2021 04:29 AM AEDT| By Shreya BiswasSource: Andrii Vodolazhskyi, Shutterstock While Canadians were celebrating Christmas parties with friends and family or traveling to warmer locales for the winter holidays of December 2019, a novel coronavirus was rearing its head in China’s W...
Canada’s Job Market Bounces Back In February
March 13, 2021 04:24 AM AEDT| By AnujSource: Pixel-Shot, Shutterstock Canada’s job market boomed in February 2021, propelled by the gradual economic reopening across the country, said national data agency Statistics Canada on Friday, March 12. Employment soared as much as 1.4 per...
Why the UK Exports to EU Fell by Record 41% In January
March 13, 2021 04:09 AM AEDT| By Suhita PoddarSource: Travel mania, Shutterstock Summary UK’s exports to the EU fell by a record 40.7 per cent in January due to Brexit, stockpiling and lockdown restrictions. ONS reported the UK economy contracted by 2.9 per cent, better than p...
Uber Canada Proposes Flexible Work+, Receives Mixed Reaction
March 12, 2021 02:07 AM AEDT| By Shreya BiswasSource: Siwakorn1933, Shutterstock Summary Uber Technologies reached out to Canada’s provincial governments on Wednesday to bring in regulatory changes that would allow it and other app-based companies to offer benefits to gig workers. U...
NZ house prices scale new heights in February. Will they keep defying COVID-19 effect?
March 11, 2021 01:00 PM AEDT| By SonalSource: nepool,Shutterstock Summary House prices in NZ have been on a persistent rise. The relentless pace of property sales continued in February, with total 7964 properties sold in the month. Some of the uplift can be due to investors...
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Bank of Canada Leaves Key Rate Unchanged, Cautions On Economic Slack
March 11, 2021 02:42 AM AEDT| By Shreya Biswaseportedly being unexpectedly robust so far, some experts had projected a change of pace. The country woke up to yet another key interest announcement from Bank of Canada on Wednesday, March 10. Once again, the top lender has decided to stick to...
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RBA Governor Lowe highlights Australia’s improving economic conditions
March 10, 2021 07:35 PM AEDT| By Team Kalkine MediaSource: EyeofPaul, Shutterstock Summary RBA governor Philip Lowe laid out a positive outlook for the Australian economy in his speech at the AFR business summit. GDP grew 3.1% in December and the unemployment rate saw a higher-than-expec...
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Why Canada May Be A Default Benefactor of US Stimulus Plan?
March 10, 2021 05:33 PM AEDT| By Ipsita SarkarSource: Jirapong Manustrong, Shutterstock Summary US recovery plan to have beneficial spillovers for neighboring economies, including Canada. Canada’s economy to expand at 4.7 per cent this year, says the 37-member OECD. US economy to g...
How filled jobs in Australia recovered during March, June quarters
March 10, 2021 03:33 PM AEDT| By AshishSource: Master1305,Shutterstock Summary The Australian economy regained nearly seven of 10 filled jobs lost during the March and June quarters. The filled jobs rose by 2.9 per cent in the December quarter 2020, the data released by the Au...
Philip Lowe: Interest rate unlikely to change until wage growth improves
March 10, 2021 03:20 PM AEDT| By Team Kalkine MediaSource: Number1411 ,Shutterstock Summary RBA governor Philip Lowe attributed “materially” lower wage growth as an obstacle to the inflation rate meeting the expected target. The current wage growth of 1.4% is a major roadblock...
Here’s Why Uncertainty Looms Over Canadian Businesses
March 09, 2021 10:46 PM AEDT| By Team Kalkine Mediay 42 per cent businesses bracing themselves for it in the next three months. As the COVID-19 pandemic crisis continues to affect markets and day-to-day business operations, Canadian companies fear that they might not be able to survive this publ...
Know What’s Latest in Global Economic Calendar
March 09, 2021 07:27 PM AEDT| By DaminiSource: dokurose, Shutterstock Summary The US Senate’s approval of USD 1.9 trillion relief bill has fuelled optimism in the global economy. The latest results of various economic indicators worldwide turned out to be a mixed bag. The on...
Why NAB brushed aside inflation fears
March 09, 2021 01:35 PM AEDT| By AshishSource: Tero Vesalainen, Shutterstock Summary National Australia Bank (NAB) said that inflation was not expected to meet the Reserve Bank of Australia’s (RBA) target of 2-3 per cent before 2024. Besides, the gap between the actual a...
Week ahead: Will ECB cap the rising bond yields?
March 08, 2021 09:31 PM AEDT| By Team Kalkine MediaSource: Freedomz, Shutterstock Summary The decision about rising sovereign bond yields is on the cards as the European Commercial Bank (ECB) meets on Thursday. Experts said if left unchecked, it may reverse the process of economic recovery. T...
Why Is the UK Government Facing Backlash from Education and Health Unions?
March 08, 2021 08:42 PM AEDT| By Suhita PoddarSource: Sensay, Shutterstock Summary The Boris Johnson government is facing backlash from the education as well as the health sector after it announced that schools will reopen from Monday. Besides, health workers might announce a strike prote...
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How is Australia’s growing BNPL sector faring?
March 08, 2021 04:43 PM AEDT| By Team Kalkine Mediaof BNPL customers in financial turmoil held more than one account with BNPL companies. The BNPL sector has seen unmatched levels of growth over the previous months. Consequently, this has further mandated the need for the sector to undergo regu....
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Is gender pay gap a reason for women to not own properties?
March 08, 2021 04:25 PM AEDT| By Team Kalkine MediaSource: 4 PM production,Shutterstock Summary According to the research conducted by CoreLogic, women are way behind when it comes to owning a property on their own . The CoreLogic’s women and property report reflects that women's income,...
What powered NZ economy to tide over COVID-19 storm
March 08, 2021 01:23 PM AEDT| By AshishSource: jijomathaidesigners ,Shutterstock Summary Despite the continued struggle with the closure of the borders, the domestic economy has weathered the COVID-19 storm better than expected, Westpac said in its latest weekly market commenta...
Budget 2021: What did Rishi Sunak miss out?
March 05, 2021 07:19 PM AEDT| By Team Kalkine Mediaange. The Budget has not touched upon social care funding proposals. On Wednesday, Chancellor Rishi Sunak read out how the government would plan its spending and taxation for the next year. He announced a slew of measures including the extensio...
