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Economy
UK staycations see a boom as Britishers avoid foreign holidays amid quarantine rules for returning from Spain
August 03, 2020 09:13 PM AEST| By Team Kalkine MediaStaycations within the UK have recorded a huge rise in inquiries and bookings in past few days as Britishers are looking to spend their holidays within the country to avoid undergoing 14-day quarantine after returning from their foreign holidays. T.....
Impact of social distancing on travel, hospitality, and luxury businesses
August 03, 2020 09:06 PM AEST| By Edita IvancevicMarch 2020 was the turning point for many people around the world. World Health Organisation (WHO) declared a new global pandemic, meaning the new disease is active on the whole planet. One of the many questions that folks started asking themselves.....
How the struggling US economy is affecting geographies worldwide
August 02, 2020 12:00 AM AEST| By Team Kalkine MediaSummary The US reported 32.9% dip in its Gross Domestic Product in the second quarter of 2020, signalling a historic plunge in the economic activity. US economic worries in the face of COVID-19 crisis seem to be further accentuated by tra.....
US Economy Charter and Dow Jones: Economy shrivels while stocks are under spotlight
August 01, 2020 01:37 AM AEST| By Team Kalkine MediaSummary On 30 July, both Dow Jones and S&P 500 indices fell 0.85% and 0.38%, respectively, prompted by worst fall of 32.9% in the US GDP numbers in Q2 period, highlighted by Bureau of Economic Analysis. Sharp plunge in consumer spending was.....
August 2020 Earnings Season Set to Rock the Investors’ Watchlist: What lies Ahead for the Travel Sector?
August 01, 2020 12:08 AM AEST| By Team Kalkine MediaWhile the US Q2 2020 earnings season failed to cheer investors so far amid mixed impact of the COVID-19 pandemic on companies’ profits, all eyes are now glued to Australia’s August 2020 earnings season that is expected to unfold as a ma.....
Home Loans and 3 Untouched Aspects
July 31, 2020 01:44 PM AEST| By Team Kalkine MediaSummary The competition is rising in the Australian market to offer a low-interest rate to the borrowers. The lenders in the market are giving less than 2 per cent variable interest rates on new mortgages, while the smart borrowers are getting o.....
Australia enters deflation after CPI suffers biggest quarterly slump
July 30, 2020 05:25 PM AEST| By Team Kalkine MediaSummary The recent ABS data revealed that CPI fell to record 1.9% in June 2020, demonstrating the biggest quarterly plunge in last 72 years. Childcare subsidy, lower school fees, and lower fuel prices prompted the wider fall in CPI. Residentia.....
Londoners Spent the Least During the Lockdown
July 28, 2020 11:02 PM AEST| By Team Kalkine MediaSummary Affluent sections of the British society have spent a lot less during the lockdown than the low- and medium-income groups London and South East England witnessed the least amount of household expenditures during the lockdown period than.....
Australia's Consumer Price Index: 3 things to watch
July 28, 2020 04:59 PM AEST| By Team Kalkine MediaSummary ABS has revealed that the recent free childcare scheme had a significant effect on CPI over the June quarter. Free childcare could subtract 1.1% from headline CPI as childcare was made free by the government. Analysts expect CPI .....
Boris Johnson Mulling Over Raising Taxes To Fund The Cost Of Social Care
July 27, 2020 10:01 PM AEST| By Team Kalkine MediaAs per expert estimates, the cost of social care in Britain is projected to rise by an addition sum of £7 billion every year. Johnson had promised to bring out a comprehensive set of social care reforms more than a year ago, in June 2019. He.....
Investors endorse the new 30-year Government Bond sale
July 27, 2020 09:50 PM AEST| By Team Kalkine MediaAustralian government debt has been negligible to practically nothing for decades, but the scenario does not seem to be the same anymore. The country’s response to coronavirus has pushed its budget deficit to $85.8 billion for the last financ.....
5 Ways Government’s Investment Plans Boosted Equities
July 27, 2020 05:25 PM AEST| By Team Kalkine MediaSummary The Australian government’s stimuli package and RBA’s move of a low cash rate and three-year yield target empowered household and businesses to boost the economy by maintaining essential consumption and avail credit at lower .....
How deep the shroud of joblessness and Income uncertainty eclipse the Property Market?
July 27, 2020 02:23 PM AEST| By Team Kalkine MediaSummary The implication of job losses on the Australian property market seems to be overriding the low cash rate of 0.25% held by RBA. The unemployment rate in the country, which has increased from 7.1% in May to 7.4% in June, could be fu.....
Australia’s AAA credit rating – 3 factors that can derail the position
July 27, 2020 01:30 PM AEST| By Team Kalkine MediaSummary The predicted rise in the budget deficit, this financial year is unlikely to affect the AAA rating of Australia, as per S&P Global. The economy is expected to recover from the recession in fiscal 2021, and the government’s fis.....
Zoom Your Lens over Emerging Signs of Recovery in Australian Travel Sector
July 26, 2020 12:35 AM AEST| By Kunal SawhneyWhile international travel bans and stringent lockdown measures helped Australia contain the spread of COVID-19 pandemic initially, these actions sparked an unprecedented crisis in the travel industry, triggering widespread job and revenue losses. .....
Canada’s inflation leaves negative territory, increases 0.7 percent in June
July 25, 2020 04:20 PM AEST| By Team Kalkine MediaCanada’s benchmark inflation measure, the Consumer Price Index (CPI), grew 0.7 percent year-over-year in June, marking its return to positive territory. The inflation had turned negative in April following the enforcement of strict containmen.....
Australia's Greta Thunberg Moment? Melbourne Student Sues Government
July 23, 2020 09:56 PM AEST| By Kunal SawhneySummary The lawsuit alleges the Commonwealth of Australia and two government officials for failing in their duty to disclose how climate change would impact the value of government bonds. Katta O'Donnell, like many others, has lent government m.....
Australia to record biggest postwar deficit in 2020
July 23, 2020 08:39 PM AEST| By Kunal SawhneySummary Lately, Australia recorded a budget deficit of $86 billion amid COVID-19 and is projected to grow over $184 billion in 2020-21. The official unemployment rate is expected to peak at 9.25% in December quarter, while real GDP is likely to.....
June Retail Sales – 3 Key Trends
July 22, 2020 08:01 PM AEST| By Team Kalkine MediaSummary June retail sales growth was lower compared to a significant rise in the previous month, but the sales turnover was up over 8% compared to the same period last year. There have been two consecutive month sales growth in categories like .....
A Brief Outline of CUSMA And Its Impact on Canada
July 22, 2020 04:00 PM AEST| By Team Kalkine MediaThe Canada-United States-Mexico Agreement (CUSMA), also known as USMCA in the United States and T-MEC in Mexico, is the successor of the trilateral accord, North American Free Trade Agreement (NAFTA). CUSMA came into effect on July 1, 2020, and att.....
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