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Economy
What Did Trudeau & Biden Discuss In First Official Call?
January 23, 2021 10:06 PM AEDT| By Team Kalkine MediaWith a backdrop of Canadian oil producers still fuming over the Keystone XL project cancelation, Prime Minister Justin Trudeau on Friday had his first official phone chat with new US President Joe Biden since he took office. Reports quoting official...
UK government borrowings record their highest level in December
January 23, 2021 07:27 PM AEDT| By Team Kalkine MediaThe latest figures posted by the Office for National Statistics reveal that the public sector net borrowing has hit a new record of £34.1 billion in December 2020. The monthly borrowing level is the highest for the month and third highest in any m...
UK Retail Sales Surge in December, But Hit Record Low in 2020
January 23, 2021 02:39 AM AEDT| By Kunal SawhneyThe latest data published by the Office for National Statistics (ONS) revealed that the retail sales in the UK slightly increased for December, though it was still below the expected levels in the Christmas period. The survey conducted between 29 .....
Will Australian economy look up in 2021? Top 5 things to look forward to
January 23, 2021 02:04 AM AEDT| By Kunal SawhneyWhile 2020 was a year of many unprecedented events, it provided us ample reasons to look forward to 2021. Still carrying a few dismal remnants of the year bygone, FY21 started on a tumultuous note with high unemployment, slow economic growth and low...
GfK survey records a fall in the consumer confidence index in January
January 22, 2021 08:06 PM AEDT| By Team Kalkine MediaThe latest figures for the UK consumer confidence index for the month of January have been released. The monthly report published by Growth for Knowledge (GfK) indicated a significant fall in the index by 2 points.&nbs.....
Annual CPI inflation reaches 1.4% in December 2020 quarter
January 22, 2021 01:10 PM AEDT| By Hina ChowdharyNZ CPI inflation struck 1.4% in December 2020 quarter compared to the same quarter in 2019, as per Stats NZ figures, released on 22 January. Economists had anticipated inflation to slide to 1.1%. In the December 2020 quarter, CPI increased 0.5% comp...
Keystone XL Scrapped: Trudeau, Biden Govts Off To Rough Start?
January 22, 2021 03:42 AM AEDT| By Team Kalkine MediaAs promised by Joe Biden and feared by Canadian oil producers, the brand new US president overturned Donald Trump’s permit for Keystone XL pipeline construction hours after taking office. This has led to many experts questioning whether the Tru...
UK Gas Networks Plan to Deliver First Hydrogen-Fuelled Town by 2030
January 22, 2021 02:37 AM AEDT| By Kunal SawhneyUK can expect to get its first hydrogen-powered heated town by 2030. Britain’s natural gas network operators are devising a strategy to roll out a Hydrogen fuel powered network. The new strategy is being formulated in line with the 10.....
Sunak’s Covid-19 policies being attacked by Labour
January 22, 2021 12:43 AM AEDT| By Team Kalkine MediaUK Chancellor Rishi Sunak has been fiercely attacked by the Labour Party on the way he is handling the economy during the pandemic. Shadow chancellor Anneliese Dodds has put across her views in her speech she delivered at the London .....
Canada’s 0.7% Inflation Rise In 2020 Was Slowest Climb Since 2009
January 21, 2021 10:39 PM AEDT| By Team Kalkine MediaAs Canadians tightened their pockets and adapted to a life indoors amid the coronavirus pandemic, Canada’s annual inflation level slowed down to an average of 0.7 per cent in 2020, reported Statistics Canada on Wednesday, January 20. This de.....
PM Ardern confirms above 18K state homes to be built by 2024; Will it end NZ’s housing crisis?
January 21, 2021 07:48 PM AEDT| By Mark O'DonnellPrime Minister Jacinda Ardern has affirmed the Labour Government’s promise to build more state homes as the waiting list for them grows to around 22,500 people. A total of 8,000 new homes were promised by Labour during its campaign in the le.....
Australia’s jobless rate falls in December
January 21, 2021 02:50 PM AEDT| By Kunal SawhneyA broad recovery in the labour market continued in December as Australia added 50,000 new jobs to the market. It speaks volumes about the economy's recovery after the Government began easing lockdowns. Source: Australian Bureau of Statisti.....
Bank of Canada Leaves Interest Rate at 0.25%, Says Economic Uncertainty Still Elevated
January 21, 2021 03:23 AM AEDT| By Team Kalkine MediaAmid opposing projections from analysts regarding which way the country’s key interest rate would go in the first quarter of 2021, the Bank of Canada announced on Wednesday, January 20, that it will remain unchanged at 0.25 per cent. It added t...
UK’s annual consumer price inflation rises in December
January 21, 2021 02:24 AM AEDT| By Team Kalkine MediaThe Office for National Statistics (ONS) has released the Consumer Prices Index (CPI) data for December 2020, which stated that the 12-month inflation rate rose to 0.6 per cent from a value of 0.3 per cent during the previous month. &n.....
How Will Joe Biden’s Presidency Impact Canada?
January 21, 2021 02:20 AM AEDT| By Team Kalkine MediaThe United States is all set to witness yet another regime change as Democrat leaders Joe Biden and Kamala Harris take control of the White House from the Donald Trump-led Republican administration on Wednesday, January 20. And as this transition tak...
On Day One, Biden reverses a raft of Trump decisions
January 21, 2021 01:58 AM AEDT| By Team Kalkine MediaSource:Stratos Brilakis, Shutterstock President Joe Biden has begun his first day in Oval Office by signing a flurry of executive orders to overturn his predecessor Donald Trump’s controversial decisions that had raised political storms at hom...
Financial Services Business Volumes to See A Spurt in the First Quarter Of 2021: Survey
January 20, 2021 09:04 PM AEDT| By Team Kalkine MediaThe Confederation of British Industry (CBI), in association with a consulting major PwC, conducted a survey in the financial services sector, which stated that business volumes had seen a spike in the Q4 2020 for the first time in two years. The su.....
Can the UK Aviation Sector Revive After Repeated Disruptions?
January 20, 2021 02:42 AM AEDT| By Team Kalkine MediaThe aviation sector has been one of the worst victims of the coronavirus pandemic as the repeated, and prolonged travel curbs have disrupted the industry for a longer-than-expected stretch. With the extended cutdown of international and domestic tr.....
Most Britons Forced to Make Contactless Payments During Coronavirus Crisis
January 19, 2021 11:26 PM AEDT| By Team Kalkine MediaAs the pandemic washed up the shores of the UK, more than 30 per cent of the shoppers were discouraged from paying cash and were pushed for adopting a digital mode of payments. However, a significant chunk of the population still relies immensely o.....
UK forms Build Back Better Council for economic revival
January 19, 2021 08:41 PM AEDT| By Team Kalkine MediaBritish PM Boris Johnson has launched the Build Back Better Council with the goal of creating jobs, boosting investment, and reviving the economy. The council has brought together 30 business leaders with expertise in&.....
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