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Economy
Westpac-MI consumer sentiment index rebounds 18% in September
September 09, 2020 11:00 PM AEST| By Team Kalkine MediaThe Westpac-Melbourne Institute Index of Consumer Sentiment soared 18% from 79.5 in August to 93.8 in September. The index is at present just 1.6% below the average over the 6 months prior to the advent of COVID-19 in March. The rebound of 18% afte.....
Will Higher Energy Bills During Winters Support Electricity Suppliers?
September 08, 2020 11:14 PM AEST| By Team Kalkine MediaThe British home energy bills could rise by around 18 per cent during the coming winter months, says the latest report from Energy Helpline, a company providing price comparison services for energy suppliers across the UK. The Energy Helpline esti.....
A Sigh of Relief for Tesco and Associated British Foods as the Consumer Spending Increases
September 08, 2020 11:11 PM AEST| By Team Kalkine MediaThe retail industry is the largest private sector employer in the UK, with one in 10 people working in the sector. Despite of the collapse of the British high street, online sales accounts for one-fifth of total retail sales across the nation. Supe.....
Queensland announces tax relief for SMEs with Australia planning more tax cuts ahead
September 08, 2020 12:00 AM AEST| By Team Kalkine MediaThe Government of Queensland has planned on giving an extra $249 million from the current subsidy in coronavirus related tax relief to small and medium enterprises (SMEs) with the motive of protecting SMEs in Queensland that are currently reeling u.....
Government plans ‘SEAT out to help out’ scheme, Cineworld to be impacted positively
September 07, 2020 11:11 PM AEST| By Team Kalkine MediaIn its efforts to bring large crowds that are required for the theatres and sports stadiums to operate viably during the coronavirus pandemic, the government plans to bring a ‘SEAT out to help out’ scheme. Oliver Dowden, Cultural Secret.....
Brexit Updates: UK Contemplates A New Bill, British Logistics Sector Looks To Avoid Chaos
September 07, 2020 11:00 PM AEST| By Team Kalkine MediaDavid Frost, chief negotiator, Brexit talks has said that the UK will not take a backstep on any of its demands with respect to its future relationship with the EU (European Union). He added that the EU side has no option but to understand that the.....
Sterling Expected to Weaken Against the US Dollar
September 06, 2020 11:11 AM AEST| By Team Kalkine MediaThe pound sterling is expected to fall against the US dollar due to the weak state of the British economy, according to experts. On 1 September 2020, the pound sterling’s value against the US dollar peaked at 1.345. Daily spot exchan.....
Sneak Peek at What’s Latest in Travel Space!
September 06, 2020 03:00 AM AEST| By Team Kalkine MediaUnfurling as a major health and financial crisis, COVID-19 crisis initially brought the thriving Australian travel industry to a grinding halt. At the time when the industry is putting its best foot forward to recoup to the pre-pandemic stage, some.....
Success of ‘eat out to help out’ scheme: Pret A Manger launches subscription service
September 05, 2020 08:36 PM AEST| By Team Kalkine MediaThe chancellor, Rishi Sunak’s ‘eat out to help out’ restaurant meal discount scheme turned out to be a hit as it substantially exceeded the UK Treasury’s estimates. In order to help grow their sales and contribute in the rec.....
Housing Sales And Prices Rising, But Can They Be Sustained?
September 04, 2020 11:11 PM AEST| By Team Kalkine MediaThe UK based largest online property website Rightmove has noticed a surge in consumer demand for residential property as a result of the stamp duty holiday announced by the UK government. The property portal said that it analysed sales of around 2.....
Will the furlough scheme end in October and what could be its impact?
September 04, 2020 09:36 PM AEST| By Team Kalkine MediaThe government has reiterated that it does not intend to extend the furlough scheme beyond 31 October 2020. From the start of September 2020, the companies using the scheme are required to contribute 10 per cent towards their staff salary. Si.....
COVID-triggered ‘She-cession’ Causes Hard Financial Times For Canadian Women
September 04, 2020 08:10 PM AEST| By Team Kalkine MediaThe COVID-19 pandemic has hit one and all in some way or another. However, statistics from various surveys show that women have been more exposed to the social and financial hurdles brought on by the pandemic than men. From loss of employment, unpa.....
How can Australia be impacted by China’s ban on Australia’s biggest grain exporter?
September 04, 2020 07:49 PM AEST| By Team Kalkine MediaAustralian exporters can strongly feel the heat of the bilateral tensions as China continues to intimidate the trade scenario by levying obstacles and restrictions. Adding a fresh dose of worries, China has suspended the barley imports from Co-oper.....
Australia in recession for the first time in Three Decades; Are There Any Emerging Green Shoots?
September 04, 2020 04:04 PM AEST| By Edita IvancevicAustralia has officially entered a financial recession due to the impact of the coronavirus pandemic. The prosperity had lasted for almost 30 years, one of the longest prosperous periods for any nation. Australian Bureau of Statistics (ABS) report.....
Three Key Trends Defining Travel Sector’s Recovery from COVID-19 Storm
September 04, 2020 03:11 PM AEST| By Team Kalkine MediaNo doubt, COVID-19-induced restrictions initially smashed the thriving NZ travel industry amid stringent lockdown restrictions and overseas travel bans. However, some optimistic trends that appear to hit the ground running deserve closer attention .....
3 Main Areas Of Discord In The Brexit Trade Negotiations
September 03, 2020 11:15 PM AEST| By Team Kalkine MediaRecently Michel Barnier, Head (Task Force for Relations with the United Kingdom), European Commission has expressed dissatisfaction over lack of adjustment from the British government over finalizing the Brexit trade deal between the UK and the EU .....
UK Enlarges Its Investment into Rapid Covid-19 Test Kit Trials
September 03, 2020 11:11 PM AEST| By Team Kalkine MediaThe United Kingdom has moved a step forward in its mission to eradicate the virus. The Health Minister of Her Majesty's Government Matt Hancock has said that the government will roll out a new COVID- 19 test that will provide accurate results in le.....
Is the British Government Going to Raise Taxes to Ease Its Debt Burden?
September 03, 2020 11:11 PM AEST| By Team Kalkine MediaSummary The public debt levels of the British government are set to cross £360 billion, by the end of this year, which is one of the highest the country has seen in its modern history. Several conservative MP’s had raised queries re.....
Retail Confidence Crashes in August amid Level 3 restrictions
September 03, 2020 06:53 PM AEST| By Team Kalkine MediaThe latest September NZ Retail Radar report shows that the retailer confidence declined substantially due to Level 3 lockdown in Auckland during August because of the resurgence of community transmission of coronavirus in NZ. Though, sales had rec.....
What next in Property Space: House prices tumbled 0.4 per cent in August
September 03, 2020 04:22 PM AEST| By Team Kalkine MediaAustralian property space is currently witnessing an obscured outlook, eclipsed by the COVID-19 induced uncertainty. The headwinds challenging high-priced property space in Australia have entailed a downfall in the housing prices for four months co.....
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