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Economy
Boris Johnson, Rishi Sunak fined for violating lockdown rules at No 10
April 13, 2022 07:34 PM AEST| By Team Kalkine MediaHighlights PM Johnson, his wife Carrie, and Chancellor Sunak received Fixed Penalty Notices from the Met police for breaching COVID-19 lockdown rules in 2020. The two top parliamentarians have apologised for the incident but rejected the calls .....
Over 250 million people could face extreme poverty by 2022-end
April 13, 2022 05:15 PM AEST| By Team Kalkine MediaHighlights Oxfam, an organization, concentrating on the alleviation of global poverty, has said that high food prices, combined with inequality, COVID-19, and the Russia-Ukraine crisis could push 263 million more people into extreme poverty. Th.....
UK economic growth slows down to 0.1% in February: Tougher times ahead?
April 12, 2022 04:01 PM AEST| By Team Kalkine MediaBritain's Gross Domestic Product grew by just 0.1% in February, a significant reduction from 0.8% in January, data from the Office for National Statistics (ONS) revealed on Monday. The latest figures put the monthly real GDP for February at 1.5% a.....
What is the current state of inflation in OECD area?
April 07, 2022 01:50 PM AEST| By Akanksha VashishtHighlights The OECD has recently released the consumer price index report for February 2022. Consumer prices rose significantly in February in the OECD region. A sharp rise in inflation was seen in Turkey among OECD member countries. Whil.....
Why are Australia’s housing growth rates losing momentum?
April 03, 2022 04:03 AM AEST| By Akanksha VashishtHighlights Housing prices in Sydney and Melbourne have started to decline, leading to speculations that the property market is losing momentum. The pandemic has taught the markets that supply-side challenges are more pronounced than high immigr.....
Australia Budget 2022-23: Paid Parental leave to support new dads
March 31, 2022 01:32 AM AEDT| By Akanksha VashishtHighlights The Paid Parental Leave (PPL) would see some major changes as per the latest budget announcement. The Paid Parental Leave can be taken any time within two years of the birth or adoption of a child. The introduced changes are likely .....
Australian retail sales in February 2022: Three points to notice now
March 29, 2022 02:47 PM AEDT| By Akanksha VashishtRetail sales data is a gauge of consumer confidence and the overall robustness of the economy. The past two years are a testament to the fact that the retail sector was one of the first sectors to get affected by pandemic-related disruptions. Wh.....
Australia budget 2022-23 to offer petrol price relief & support first home buyers
March 29, 2022 04:29 AM AEDT| By Akanksha VashishtHighlights The federal budget, due Tuesday, is expected to include a fuel excise cut for Australians. The budget is expected to focus on easing the cost of living pressures and housing affordability. Critics argue that the government.....
When was the last housing market crash in Australia?
March 28, 2022 07:07 PM AEDT| By Akanksha VashishtThe Australian housing market has been subject to many ups and downs in the recent past. The record-low interest rates have brewed an environment of widespread borrowing, causing a large uptick in housing demand. However, the current boom in prices.....
Impact of COVID-19 on Australian property market: Six points to note
March 26, 2022 12:59 AM AEDT| By Akanksha VashishtHighlights The current property price surge can be attributed to record-low interest rates and favourable grants by the centre and state governments. More first-time homebuyers have entered the property market in the last two years. Since the .....
Spring Statement and Measures for UK Households Explained
March 24, 2022 08:33 PM AEDT| By Rishika RainaHighlights The UK inflation level has reached a 30-year high of 6.2% in the 12 months to February 2022. Chancellor Rishi Sunak presented his Spring Statement amid the cost-of-living crisis escalating in the UK. On 23 March, Chancello.....
Australia Federal Elections 2022: Will Covid wave see Aussies cast their vote via phone?
March 23, 2022 07:28 PM AEDT| By SukritiHighlights Australia’s 2022 Federal Election is likely to be held in mid-May 2022. Elections approach as the spread of the Omicron BA.2 sub-variant has begun to worry Australia. The ongoing surge of Covid-19 cases could see thousands of .....
Spring Statement: 5 things Sunak may do to address cost-of-living crisis
March 23, 2022 06:38 PM AEDT| By Priya BhandariHighlights Chancellor of the Exchequer Rishi Sunak is all set to deliver his Spring Statement to the House of Commons on Wednesday amid growing challenges for Britons. The Chancellor is facing growing pressure from various groups and MPs to tac.....
Why is stagflation back on investors' minds?
March 21, 2022 06:42 PM AEDT| By Akanksha VashishtHighlights Many investors are again contemplating if global economies will face stagflation. The commodity shock brewing out of the Russia-Ukraine spat has sparked fears of stagflation. The prices of commodities have been impacted by dis.....
P&O Ferries: What’s happening after the firm slashed 800 jobs?
March 20, 2022 01:51 PM AEDT| By Rishika RainaTwo days after announcing a major cutting back of jobs, P&O Ferries resumed its services two days after suspending jobs of its 800 crew members without notice as a cost-cutting exercise. The P&O Ferries is in the news after they ma...
What is Stagflation? How is it different from inflation?
March 20, 2022 01:35 PM AEDT| By Rishika RainaThe term “stagflation” is coming up in a lot of discussions lately as the prices are soaring and the Russia-Ukraine war has worsened the already volatile economic situation in the UK. The fear of stagflation is looming upon Britons as t.....
What is rent control? Can it help tame Australia's housing crisis?
March 18, 2022 08:55 PM AEDT| By Akanksha VashishtHighlights Rent control could offer a solution to longstanding affordability concerns seen across the Australian property sector. Rent control policy has been implemented across multiple countries, including Scotland, South Korea, and Spain. C.....
What to expect from the Australian federal budget 2022?
March 18, 2022 05:00 AM AEDT| By SamtaHighlights Australian federal budget is expected to be announced on 29 March. The FY22 budget will focus on building the economic strength of the country. The federal government focuses on the healthcare sector, supply chain issues.....
NZ returns to growth in December quarter, GDP up 3%
March 17, 2022 05:53 PM AEDT| By ManikaHighlights GDP rises 3% in the December quarter The numbers are below economists’ expectations However, they are above RBNZ’s prediction The Gross Domestic Product (GDP) which is a snapshot of the economy, grew by 3% in .....
Why Russia-Ukraine war is a threat to global economy?
March 14, 2022 03:47 PM AEDT| By Akanksha VashishtHighlights The escalating geopolitical tensions seem to be risking the global economy’s recovery from the pandemic. The war has highlighted the nations’ increased dependence on exports of food items and raw materials. Many car comp.....
AI on the Rise: A Look at Top AI Companies and Their Stocks