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Economy
Is The UK Retail Spending Approaching Pre-Pandemic Levels?
August 12, 2020 11:23 PM AEST| By Kunal SawhneyOnly mild signs of recovery seen with the sector still trying to catch-up on lost ground Total retail sales were up marginally by 3.2 per cent in July 2020 compared with the same period previous year Food, furniture, and homeware...
UK is Undergoing Economic Recession
August 12, 2020 11:10 PM AEST| By Team Kalkine MediaSummary UK GDP shrank by 20.4 per cent during April to June 2020, and by 2.2 per cent during January to March 2020 Only the pharmaceuticals category (amongst manufacturing segment) grew positively during Q1 and Q2 2020, as per government data .....
Is Short Term Negative Perception Hurting Commercial Property Valuations in the UK?
August 12, 2020 09:46 AM AEST| By Hina ChowdharySummary Lockdown, social distancing measures, and increasingly popular work from home facilities are taking the sheen out of the commercial real estate in major high-profile areas in the UK Falling rental income, and high uncertainty regarding.....
Has The Dismal UK Employment Data Impacted Stock Markets?
August 11, 2020 11:10 PM AEST| By Kunal SawhneyFTSE 100 index rallies despite worrisome data released by the government on the job losses front Summary The county records an unemployment rate of 3.9 per cent for the second quarter of 2020 Younger and older people had been mor...
One In Three UK Firms Could Cut Jobs By Autumn: CIPD Survey
August 10, 2020 11:20 PM AEST| By Hina ChowdharySummary Job loss is the most severe immediate impact of Covid-19 crisis Chartered Institute of Personnel and Development (CIPD) and Adecco Group, in a survey of 2,000 companies stated that one out of three businesses in the United Kingdom inten.....
Government Provides Additional £256 Million Support to Bus and Tram Operators
August 10, 2020 11:15 PM AEST| By Kunal SawhneySummary The government announced second round of funding worth £256 million for the bus and tram operators in the UK The money would help the public transporters to scale up their services ahead of September 2020 which is likely to see an.....
Negative Interest Rate Possibility Remains Alive in the UK In Face of Slow Economic Recovery
August 10, 2020 11:10 PM AEST| By Team Kalkine MediaSummary BoE may contemplate a negative interest rate regimen to support the battered economy of the nation The bank had explored the possibility of using negative interest rates in its quarterly monetary policy report published earlier this mon.....
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China exports grow 7.2pc in July while clouds loom over Australia-China relations
August 10, 2020 07:50 PM AEST| By Team Kalkine MediaSummary China's exports rose 7.2% in July, while imports fell 1.4% compared to a year ago. The rise in exports came due to the rising demand for medical supplies, and automobiles as coronavirus restrictions eased around the world. China's trad.....
RBA charts out Economic Recovery Forecasts apparently with 'No Vaccine Roll-out' assumption
August 10, 2020 03:11 PM AEST| By Team Kalkine MediaSummary A rise in the number of coronavirus cases in Victoria post June has deteriorated the broader outlook of the Australian economy. The economy is expected to shrink by 6% in 2020 with a growth of 5% in 2021, while the unemployment rate is .....
Top Trends That Are Going to Reshape the Fintech Industry In 2020 And Beyond
August 09, 2020 10:11 AM AEST| By Team Kalkine MediaSummary Fintech aims to make the service delivery easy, quick and secure by using advanced technological tools The size of the British fintech industry in 2019 was £7 billion, equivalent to about 11 per cent of the global market fintech s.....
High street looks worried despite a rise in number of people visiting shops
August 09, 2020 08:51 AM AEST| By Kunal SawhneySummary A survey by BRC and ShopperTrak said that shopper visit declined by 42 per cent in annual terms for July 2020. In the first half of 2020, administration and job cuts announced at high street retailers have surpassed the numbers fo...
UK Convinced of a Brexit Deal Before the End of The Year with Changing Tone Of EU
August 09, 2020 08:42 AM AEST| By Hina ChowdharySummary The Brexit deal is important to ensure a tariff-free movement of goods to flow across borders as they did before the UK parted ways with the European Union Both sides urgently need a deal as it will ensure that the competitive landscape.....
FCA Warns High-Cost Lenders to Be More Responsible During the Pandemic Crisis
August 09, 2020 08:30 AM AEST| By Team Kalkine MediaSummary The chances of small and small duration borrowers being drawn into a spiral of debt are always high during times of financial crisis like the present one induced by the coronavirus pandemic Repeat lending to high-risk individuals increa.....
Leaf Through Three Key Factors Defining Travel Space Recovery Scenario
August 09, 2020 01:26 AM AEST| By Team Kalkine MediaDespite Australian Prime Minister’s recent statement on continuation of international travel restrictions for some months amid COVID-19 pandemic, the share prices of multiple travel players demonstrated considerable strength on Friday, closin.....
Weekly Economic Calendar: Upcoming Global Updates Under the Spotlight
August 09, 2020 12:10 AM AEST| By Team Kalkine MediaSummary Amidst COVID-19 storm, economies all across the globe have started to reopen in the hope of registering a pyrrhic victory post a bleak first half 2020. After suffering thick and fast, America, China, Australia and New Zealand brace to r.....
Can Negative Interest Rates Become A Reality For The British Economy?
August 09, 2020 12:01 AM AEST| By Team Kalkine MediaSummary Benefits of a negative interest rate regime not very clear, especially in a very subdued demand scenario, due to the deadly impact of the coronavirus pandemic Banks already have a large amount of bad debts in their balance sheets, and n.....
Five-Point Action Plan to Survive COVID-19 Storm
August 09, 2020 12:00 AM AEST| By Team Kalkine MediaSummary The nation’s job market seems to be on track to defeat the pandemic, widening the professional skill set is crucial. Given the potentially positive signs emerging so far, the economic indicators deserve closer attention while gaug.....
After a rescue deal, Travelex falls into administration
August 08, 2020 08:44 AM AEST| By Kunal SawhneySummary Travelex announced debt restructuring as the company collapsed into administration due to the dual impact of coronavirus pandemic and the cyberattack that it faced in December 2019. A special purpose vehicle (SPV) consisting of some cre.....
BoE Signals Short Term Bounce Back but A Long Route to Full Recovery
August 08, 2020 08:37 AM AEST| By Team Kalkine MediaSummary The BOE monetary policy committee expects the economy to make a stronger comeback in the second and the third quarter of the year in comparison to its previous projections. Earlier than the expected opening of the lockdown measures, and.....
Why Did Trump Reignite Aluminum Tariff War on Canada?
August 08, 2020 12:46 AM AEST| By Team Kalkine Media(Featured image Source: Government of Canada Photos) Summary United States President Donald Trump imposed tariffs on aluminum imports from Canada. Canada warned of a “dollar-to-dollar” retaliatory imposition of tariffs. Th...
AI on the Rise: A Look at Top AI Companies and Their Stocks