Economy


 Will Australia’s Deficit Shrink as Economy Recovers?

Will Australia’s Deficit Shrink as Economy Recovers?

May 11, 2021 06:27 PM AEST| By Team Kalkine Media

Marking the next phase of the Australian recovery, the budget deficit is expected to decrease given the high-speed economic recovery of Australia. Treasurer Josh Frydenberg stated that the economy is set to report a record budget deficit in the cu.....

 Australia budget 2021-2022: Stocks to watch

Australia budget 2021-2022: Stocks to watch

May 11, 2021 05:35 PM AEST| By Aayush

On Tuesday, Treasurer Josh Frydenberg would be delivering the budget 2021-2022 in quest to add more fuel to the economic recovery after severe disruptions caused by the restrictions imposed in the wake of the COVID-19 pandemic. In the forthcoming b.....

 Federal Budget 2021: jobs, infrastructure in for major boost

Federal Budget 2021: jobs, infrastructure in for major boost

May 11, 2021 05:20 PM AEST| By Furquan Moharkan

The Australian Federal Budget 2021-22 is likely to focus on job creation, as the federal government aims at further stimulating the recovery path. With the government aiming to shrink the unemployment rate below-5% in the country, it comes as no s.....

 Federal Budget 2021 to breathe new life into Australia’s aged care industry

Federal Budget 2021 to breathe new life into Australia’s aged care industry

May 11, 2021 05:05 PM AEST| By Tripti Joshi

The 2021-22 federal budget is likely to inject billions of dollars into the Australian economy as the government tries to strengthen the country’s economic recovery after the recession witnessed last year. Treasurer Josh Frydenberg will deliv.....

 Will Federal Budget Add More Firepower To Australia’s Property Sector?

Will Federal Budget Add More Firepower To Australia’s Property Sector?

May 11, 2021 04:10 PM AEST| By Sukriti

Summary Australia's federal budget update is due today, wherein Treasurer Josh Frydenberg will reveal the plans to boost jobs and economic growth. The Federal Government's infrastructure dedication and details of key new infrastructure projects.....

 New Zealand’s Retail Expenditure Zooms Up In April 2021

New Zealand’s Retail Expenditure Zooms Up In April 2021

May 11, 2021 02:19 PM AEST| By Team Kalkine Media

Summary April 2021 recorded a huge surge of NZ$6.1 billion in New Zealand’s retail card spending. The apparel and fuel segment noted the largest number of consumers’ expenditure. Retail sector raking in benefits through schemes lik.....

 Australia Federal Budget 2021: Here are nine things to know

Australia Federal Budget 2021: Here are nine things to know

May 11, 2021 12:10 PM AEST| By Ashish

Australian Treasurer Josh Frydenberg will present the 2021-22 Federal Budget on Tuesday amid expectations that coronavirus pandemic would force Canberra to shrink its spending. The ‘pandemic budget’, which would be tabled in the lower h.....

 What boosted Australia’s retail sales, business confidence despite coronavirus

What boosted Australia’s retail sales, business confidence despite coronavirus

May 10, 2021 03:41 PM AEST| By Ashish

Summary The Australian retail sales soared in March and measure of business conditions hit a record high in April, despite the end of the Australian government’s support programme for jobs. The retail turnover surged 1.3% in March from 1......

 New Zealand PM Ardern To Meet Unions To Discuss Public Sector Pay Freeze

New Zealand PM Ardern To Meet Unions To Discuss Public Sector Pay Freeze

May 10, 2021 03:00 PM AEST| By Sonal

Summary 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

Housing Crisis Deepens in New Zealand

May 10, 2021 02:22 PM AEST| By Roma

Summary 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

Robertson Puts Economic Recovery and Kiwis’ Welfare On Priority in Budget 2021

May 10, 2021 12:44 PM AEST| By Sonal

Finance 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

ZEVs Can Be A Driving Force To Attain Canada’s Emission Targets

May 09, 2021 07:09 PM AEST| By Team Kalkine Media

Promises 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

US Employment Numbers Fall Short of Expectations in April 2021

May 09, 2021 01:56 PM AEST| By Damini

Against 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

Net Zero Emissions: How UK Companies Are Trying to Achieve the SDGs

May 09, 2021 12:40 AM AEST| By Team Kalkine Media

Summary 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

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

The Rising Role of Hydrogen in Canada’s Zero Emissions 2050 Target

May 08, 2021 01:01 PM AEST| By Team Kalkine Media

Summary 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

UK Construction PMI Expands in April, Highest in Over 6 Years

May 08, 2021 12:27 AM AEST| By Suhita Poddar

Summary 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

How UK Grasslands Can Help It Achieve Its Net Zero Carbon Goals

May 08, 2021 12:21 AM AEST| By Team Kalkine Media

Summary 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

RBA keeps GDP, employment outlook intact; unlikely to raise rate until 2024

May 07, 2021 05:42 PM AEST| By Team Kalkine Media

Summary 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

UK Would Need 410,000 Jobs in Small Businesses to Aid Recovery

May 07, 2021 04:18 PM AEST| By Suhita Poddar

Summary 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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