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Economy
COVID causes Canada's economy to contract by 38.7% in Q2, worst since 1961
September 03, 2020 04:26 AM AEST| By Team Kalkine MediaBeaten by the loss of business due to COVID-19, Canada’s real gross domestic product (GDP) saw a record dip at an annualized rate of 38.7 per cent in the second quarter of 2020. This is the sharpest dip the Canadian economy has witnessed sinc.....
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All you need to know about JobKeeper Payment scheme
September 02, 2020 09:13 PM AEST| By Team Kalkine MediaAfter the devastating effect that coronavirus had on world economies, governments around the globe needed to find a solution to keep people in jobs. Australians have been luckier than most nations, as the Morrison Government introduced two stimulus.....
How Will Sunak Garner Revenues In The Autumn Budget?
September 02, 2020 09:01 PM AEST| By Team Kalkine MediaSummary The UK Treasury Chancellor to announce the schedule for public spending review and budget soon Speculations are doing rounds that taxes will be raised during the autumn budget Corporation tax, fuel duty, online retail tax, and pension .....
Australian Gross Domestic Product Slides 7%, Recession Bells Ringing?
September 02, 2020 08:03 PM AEST| By Team Kalkine MediaAustralia suffered its worst economic downturn on record last quarter. Latest figures on National Income, Expenditure and Product were released by the ABS on 2 September 2020. The Bureau reports that Australia’s GDP fell 7.0 per cent in the J.....
RBA retains cash rate at 0.25% yet again; Majority of ASX indices ended in red
September 02, 2020 11:36 AM AEST| By Team Kalkine MediaSummary RBA Board announced to maintain the targets for the cash rate at 0.25% on 1 September 2020. Under the expanded Term Funding Facility, ADIs shall have access to additional funding at a fixed rate of 25 basis points for 3-years. The Boar.....
Medical Research Charities Face A Funding Gap; Pharma Industry Urges Government Help
September 01, 2020 11:11 PM AEST| By Team Kalkine MediaThe medical research charities have suffered during the coronavirus pandemic due to a substantial fall in their income that comes from fundraising. This year there has been a gap of £310 million and since April 2020 many of the medical resear.....
UK Witnesses Low Recovery of White-Collared Jobs Due to Asymmetric Recovery
September 01, 2020 11:10 PM AEST| By Team Kalkine MediaAs per a research conducted by a major carrier networking portal and jobs search engine LinkedIn in the United Kingdom, job creation across several key industries have been asymmetric. The data collated by the portal showed that white-collared job .....
Four Days Work Week Could Create Half A Million New Jobs, Says New Study
September 01, 2020 08:26 PM AEST| By Team Kalkine MediaThe government’s furlough scheme would end in the next two months and there have been widespread outcries in the job market to not only protect the jobs but also to create new jobs. In order to control the rising unemployment as well as creat.....
A Closer Look At The UK Economy’s Recovery Scenario
August 31, 2020 11:33 PM AEST| By Kunal SawhneySummary The British economy can lose up to half a million pounds, if work from home continues: CEBR study Total impact of the reopening of schools in the UK will sum up to be £70 billion for a year YouGov/CEBR consumer confidence index f.....
New Hope For An Early Closure Of The UK-Japan Trade Deal
August 31, 2020 10:41 PM AEST| By Team Kalkine MediaIt is most likely that September 2020 would see the UK and Japan reaching a trade deal at least in principle as a breakthrough has been attained on cheese tariffs. As part of a settlement in the trade deal between the two countries, the tariffs on .....
Future of Canadian Housing Market: A Rebound On The Horizon?
August 30, 2020 02:54 AM AEST| By Team Kalkine MediaThe once-resilient housing market of Canada is undergoing a historical recession triggered by the COVID-19 pandemic, social distancing rules and the overall economic downturn. A cornerstone of Canada’s economic growth till the beginning of 20.....
AU-China Trade Relations, the wine-dumping allegation another nail in the coffin
August 30, 2020 02:19 AM AEST| By Team Kalkine MediaSummary Australia’s trade relations with China made headlines due to conflict regarding an independent review of the origin of COVID-19. China had imposed 80% tariffs on the Australian barley exports, as well as suspended beef imports int.....
Lens Through Super Funds Space; Members Can Stick to Long-Term Game!
August 29, 2020 11:43 PM AEST| By Team Kalkine MediaSummary Super funds’ returns are expected to stay at the lower end of the curve for some time. The prospects of weak economic fundamentals and the rush for early withdrawals are heightening fears of a huge fall in superannuation contribut.....
Second-hand car market rallies as individuals stay away from public transport
August 29, 2020 04:11 AM AEST| By Team Kalkine MediaThe COVID-19 induced paradigm shift is evident writ large on the automobile industry, with a significant transition observed in the consumption patterns. The vehicle manufacturers and dealers have been impacted by changing needs of the consumers an.....
Potential Resumption of International Travel in Australia: A Subject of Debate
August 29, 2020 12:00 AM AEST| By Team Kalkine MediaDisrupting the popular trend of domestic and international travel, COVID-19 pandemic brought an unusual misfortune for the Australian travel industry reeling from the virus crisis. While the interstate travel has picked up steam with the opening of.....
Business Confidence Still Negative, More Job Losses In The Pipeline
August 28, 2020 11:11 PM AEST| By Team Kalkine MediaSummary Lloyds Bank’s business barometer rose from -22 to -14 per cent in August 2020 South east of Britain was the only region across the nation showing a positive value of the barometer for the survey period Firms surveyed are expected.....
UK PM To Campaign for Return to Office as Number of Come Back Remains Dismal
August 28, 2020 11:10 PM AEST| By Team Kalkine MediaThe coronavirus pandemic is rapidly changing the way people and governments look at many things. In the ongoing fight against the pandemic, the larger focus of the government now rests at a greater balance between life and livelihoods. After months.....
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What made ETFs a Star Investment Opportunity During COVID-19 Crisis?
August 28, 2020 01:51 PM AEST| By Team Kalkine MediaWhile market volatility caused by COVID-19 offered Exchange Traded Funds (ETFs) with the most critical test since the 2008 Global Financial Crisis, they remarkably proved their resilience during the virus crisis. The pandemic-induced uncertainty an.....
UBS Follows Suit of Other Investment Banks in Downgrading UK’s GDP Forecast For 2020, Remain Firm for A Bounce Back in 2021
August 26, 2020 11:20 PM AEST| By Team Kalkine MediaThe data of British GDP published by the Office of National Statistics (ONS) earlier this month officially confirmed that the economy is now in recession. Registering a decline of 20.4 per cent, the shrinkage was sharper than most observers had exp.....
The "Eat Out to Help Out" May Not Get an Extension, Hospitality to Rely on Early Vaccine Development
August 26, 2020 11:16 PM AEST| By Team Kalkine MediaSummary The scheme which started on 3 August 2020 to help the hospitality industry following the pandemic induced lockdown, has so far seen 64 million meals dished out 84,000 restaurants across the country participated in the scheme, serving ou.....
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