Economy

UKEF Launches Financing Scheme to Amplify Exports
February 23, 2021 11:32 PM AEDT| By Team Kalkine MediaWith the completion of the Brexit transition and the introduction of the newly-orchestrated arrangement between the United Kingdom and the European Union, the government is taking periodic measures in order to keep up the cross-border trade.....

Sunak may extend coronavirus support into summer
February 23, 2021 06:08 PM AEDT| By Team Kalkine Medianavirus restrictions are still in place can be effectively managed. Rishi Sunak, finance minister, UK is all set to spend billions of pounds to keep supporting the economy over the next four months, as the ongoing lockdown threatens survival of...

What drove the decline in Australia’s January exports
February 23, 2021 02:56 PM AEDT| By AshishThe global car manufacturing resulted in shortage of supplies. Australia recorded a goods trade surplus, even as import and export of goods fell in January 2021. While the goods trade surplus stood at A$8.8 billion, imports and exports dec....
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How COVID-19 hit private health insurance industry’s performance in 2020
February 23, 2021 12:56 PM AEDT| By Ashishrlier part of the year negatively impacted the investment earnings. Australia’s private health insurance sector was significantly impacted by the coronavirus pandemic last year as profit plunged due to negligible premium growth and muted i...
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Is Australia also staring at a housing crisis, will RBA impose lending restrictions like NZ?
February 23, 2021 12:49 PM AEDT| By Manikaedia.com/storage/uploads/original/1614045223_60346027d5526_mceclip0.png" /> After the Reserve Bank of New Zealand (RBNZ) took steps to cool off the property market and reinstate lending restrictions for property investors, Australia is also closel...

PM Boris Johnson To Announce Lockdown Exit Roadmap Today
February 22, 2021 08:10 PM AEDT| By Team Kalkine MediaThe restrictions are likely to be removed in a phased manner. Prime Minister Boris Johnson is expected to declare an exit roadmap from the national lockdown on Monday, 22 February, under which the government will be issuing definitive guidelin.....
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Have the UK hiring intentions improved in 2021?
February 22, 2021 07:52 PM AEDT| By Team Kalkine Mediation, information and communications, insurance, finance, and healthcare. Businesses in the UK have shown strong hiring intension in Q1 this year for the first after the coronavirus outbreak. According to the latest results of CIP...

Sunak delays business rates review until autumn
February 21, 2021 03:51 PM AEDT| By Team Kalkine MediaChancellor of Exchequer Rishi Sunak is expected to delay the final report on business rates’ review for the November, a Financial Times news report stated. The business rate report is a crucial part of Sunak’s promise for provid.....

Canada Records Largest Retail Sales Drop In Dec 2020 Since Pandemic
February 21, 2021 03:34 PM AEDT| By Team Kalkine MediaAs public health measures tightened near the end of the year in the midst of rising coronavirus cases, Canada recorded the largest decline in retail sales in the month of December 2020 since pandemic-triggered April lows, noted Statistics Canada. .....

Will Facebook Block News In Canada After Australia?
February 19, 2021 10:54 PM AEDT| By Ipsita SarkarCourtesy: Pixabay Summary Canada to introduce law requiring tech companies to pay for using content. Facebook blocks Australian news in content row but may face a similar situation in Canada. Some 10 to 15 countries may bring similar legislatio...

Why the UK consumer confidence index rose in February
February 19, 2021 09:13 PM AEDT| By Kunal SawhneyThe Growth for Knowledge (GfK) has found that the UK consumer confidence index has risen to -23 in February, indicating a five-point increase. In January, the index was at -28. The British consum.....

How Johnson's 100-Day Target for New Covid-19 Vaccine Will Help Countries
February 19, 2021 04:57 PM AEDT| By Team Kalkine MediaPrime Minister Boris Johnson has set out a 100-day target for developing new Covid-19 vaccines alongside calling on world leaders to back the collective efforts in expediting the development programme for new treatments, tests, and vaccines.....
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Glimmer of hope amid pandemic: Australian retail sales rise in January
February 19, 2021 03:02 PM AEDT| By AshishThe Australian retail sales surged as coronavirus-induced restrictions in different states eased in January 2021. The national retail turnover recorded a 0.6 per cent rise (seasonally adjusted), up 10.7 per cent from the corresponding period of las.....

After Australia & Canada, UK, US Slam Facebook News Blackout
February 19, 2021 01:24 PM AEDT| By Team Kalkine MediaAfter Australia and Canada, the UK and the US have slammed Facebook’s peremptory behavior in blocking Australian news from its site, calling it deeply irresponsible and bad conduct. Facebook has blocked all Australian news from its site this.....

January Jobless Rate lurches lower than expected
February 18, 2021 07:11 PM AEDT| By Hina ChowdharyThe Australian Bureau of Statistics (ABS) today released its latest data on Labour Force for the month of January 2021. The unemployment rate decreased to 6.4% in January 2021, down from its December value of 6.6%, going lower than the expected rat.....

Canada’s CPI Rises By 1% As Consumer Goods, Fuel Prices Spike
February 18, 2021 03:57 AM AEDT| By Kunal SawhneyCanada’s Consumer Price Index (CPI), a key gauge of inflation, has risen at a quicker pace in January to 1 per cent, than in the previous month, due to the rising prices of gasoline and consumer durables, the government’s statis.....

Why Rishi Sunak Might Have to Hike Taxes To £60 Bn A Year
February 18, 2021 03:25 AM AEDT| By Team Kalkine MediaA recent study by the Institute for Fiscal Studies (IFS) has warned the government that if the furlough support scheme is not targeted properly, and the books of account are not rightly balanced, the financial implications could be grave. I.....

Canadian Stock Markets Saw Record Foreign Investments In Dec 2020
February 18, 2021 01:40 AM AEDT| By Hina ChowdharyCanadians purchased as much as C$ 26.9 billion worth of foreign securities in the month of December last year, a large chunk of which consisted of US shares, Statistics Canada pointed in a recent report. Foreigners, on the other hand, inves.....

UK CPI inflation jumps to 0.7% in January
February 18, 2021 12:19 AM AEDT| By Team Kalkine MediaUK consumer prices index (CPI) based inflation jumped to 0.7 per cent, while the consumer prices index including owner occupiers’ housing costs (CPIH) grew to 0.9 per cent in the month of January with recreation and culture contributing the m.....

Vaccines to inject optimism in world economy, IMF pegs US growth at 5.1%
February 17, 2021 10:20 PM AEDT| By Team Kalkine Mediaed to show staggering improvement due to potential structural changes in the economy. Nations across the globe are on the mend as they have begun neutralizing the devastating effects of the pandemic left behind on the economy as well as on finan...

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