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Economy
UK MPs Urge the Government to Renew the Scrapped GHG Scheme
April 22, 2021 01:17 AM AEST| By AbhijeetSummary The Environmental Audit Committee has written to the UK business secretary calling for clarity on overhauling and extending the GHG scheme, claiming it was poorly implemented. The scheme allowed people to apply for up to £5,000 gr.....
UK CPI inflation jumps to 0.7% in March 2021, says ONS
April 21, 2021 07:15 PM AEST| By AbhijeetSummary CPI-based inflation rate in the UK ticked up to 0.7 per cent in March 2021. Fuels and clothing contributed the most towards the upward movement. The annual consumer price indicator (CPI) based inflation rate in the United Kin.....
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FTSE 100 regathers upswing as inflation rises to 0.7% in March 2021
April 21, 2021 06:10 PM AEST| By AbhijeetSummary FTSE 100 bounced back on Wednesday after witnessing the worst session in two months on Tuesday. The index hurriedly crossed the psychological mark of 6,900 in the wee hours of trading. The headline FTSE 100 bounced back in th.....
Does NZ need to lower dependency on swiftly expanding Chinese economy?
April 21, 2021 04:01 PM AEST| By Team Kalkine MediaAs per the latest statistics by the National Bureau of Statistics of China, China’s GDP grew 18.3% YOY in Q1, reaching 24.93 trillion yuan. This comes after a 6.5% expansion in Q4 of 2020. China's first-quarter record success would boost growth...
NZ Inflation Moves Up, Will RBNZ Increase Interest Rates Now?
April 21, 2021 02:14 PM AEST| By ManikaNew Zealand’s Consumer Price Index (CPI) has moved up by 0.8% in Q1, much above the forecast of 0.7%. The annual inflation was also above expectations at 1.5% as compared to 1.4% the previous year. While this is being seen as a g.....
Why NZ House Buying Spree Refuses to Die Down
April 21, 2021 11:38 AM AEST| By Team Kalkine MediaProperties are being snapped up in New Zealand quickly. Several properties in various regions are experiencing a decline in the time a house is sold in the market as compared to 2020. As per the latest data from real-estate consultant Trade Me, an a...
Exploring The ‘Non-Budgetary’ Part of Canada Budget 2021
April 21, 2021 05:31 AM AEST| By Team Kalkine MediaFederal budgets are usually seen as a document outlining the ruling government’s revenue and spending plans, along with some commentary on the upcoming year’s economic conditions. Canadian Finance Minister Chrystia Freeland, however, inc...
The Tax Element of Canada’s Federal Budget 2021
April 21, 2021 04:50 AM AEST| By Team Kalkine MediaCanada’s Federal Budget 2021, tabled by Finance Minister Chrystia Freeland on April 19, had two key aspects – spending and revenue. The former is a much-debated topic, owing to Canada’s high deficits and skyrocketing government debt...
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Canada Budget 2021 Analyzed: How Freeland Invoked Keynes?
April 20, 2021 09:52 PM AEST| By Team Kalkine MediaFinance Minister Chrystia Freeland on Monday, April 19, unveiled plans for increased public investment at a time when it is direly needed. Many may be wondering how these investments would translate into a better tomorrow for Canada’s business...
Federal Budget 2021 Paves Way For More Jobs In Canada
April 20, 2021 08:17 PM AEST| By Team Kalkine MediaSummary Finance Minister Chrystia Freeland’s much-awaited Federal Budget 2021 focused majorly on economic regrowth. It aims to bring in rapid economic recovery and increase employment, the finance minister said. The government revealed p.....
New Home Sales on a rise in Australia, more jobs to come up in construction sector
April 20, 2021 06:44 PM AEST| By Team Kalkine MediaSummary As per HIA, the new home sales were a record 39.4% higher in the March 2021 quarter as compared to the previous corresponding time. HomeBuilder scheme coupled with lower interest rates, population shifting to regional spaces, and improv.....
Will Trans-Tasman bubble give a respite to the NZ economy?
April 20, 2021 04:07 PM AEST| By Team Kalkine MediaSummary The AU-NZ travel bubble news came as a respite for many families and tourist operators. Jacinda Ardern had announced that trans-Tasman bubble would begin from 19 April. Travel bubble could give a boost to NZ economy by $1 billion. .....
In New Report, Concerns Raised About New Zealand’s Productivity
April 20, 2021 02:48 PM AEST| By RomaSummary Concerns about New Zealand productivity after new report. Product Commission Chair advices innovation to New Zealand businesses. Smart work over hard work, need of the hour. Smart work has always fetched better results than hard w.....
RBA Minutes reveal an optimistic stance on economic recovery
April 20, 2021 01:37 PM AEST| By Furquan MoharkanThe Reserve Bank of Australia seems to have struck a bullish note on the economic recovery in the country, as revealed by the minutes of April 6 Monetary Policy Meeting of its Board released today. As per the RBA minutes, Australia is expected to co...
Canada’s 'Feminist' Budget 2021: What's In Store For Women?
April 20, 2021 10:45 AM AEST| By Shreya BiswasSource: Shutterstock A little over a month ago, while celebrating International Women’s Day, Canada had unveiled an all-female task force that was meant to ensure that the 2021 federal budget remembered women and addressed gender inequality. C...
Snapshot: Canadian Federal Budget 2021 & Its Key Allocations
April 20, 2021 09:25 AM AEST| By AnujSource:Saklakova, Shutterstock The Canadian government tabled its expenditure plans on Monday evening to fight against the COVID-19 pandemic and reenergize the economy amid a coronavirus crisis. As projected by some analysts, Liberals’ federal...
Canada Pours C$101.4-billion, Stacks Up Historic Fiscal Deficit
April 20, 2021 07:54 AM AEST| By Ipsita SarkarSource:vintagetone, Shutterstock With snap polls in mind, the federal government’s first budget in two years poured another C$101.4-billion pandemic stimulus to chart out an economic course for pandemic-hit Canada. The fiscal deficit for 2020-...
Canada Budget 2021: The ‘Record Debt’ COVID-19 Recovery May Bring On
April 20, 2021 02:16 AM AEST| By Shreya BiswasSource: Phongphan, Shutterstock Set with an eye on post-pandemic recovery and a possible election, Prime Minister Justin Trudeau’s upcoming 2021 federal budget is set to go big on spending. The Trudeau government is expected to inject a...
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Bank of England Institutes CBDC Taskforce: 10 Things You Should Know
April 20, 2021 12:38 AM AEST| By AbhijeetJon Cunliffe, Deputy Governor for Financial Stability, will be co-chairing the CBDC Taskforce Following the growing usage, trade and exchange of cryptocurrencies and several other digitally-formulated units of exchange, the central banks around...
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COVID-19 Budget 2021: Economic Recovery & Pandemic Support On Cards
April 20, 2021 12:30 AM AEST| By Team Kalkine MediaSource: Andrii Vodolazhskyi, Shutterstock Summary Finance Minister Chrystia Freeland had last year indicated that the government will do its best to support Canadians. Ever since the outbreak of the pandemic, more than 3 million people lost th...
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