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Economy
Pandora papers leak: UK government urged to tighten laws
October 04, 2021 08:03 PM AEDT| By Nidhi GuptaThe UK government is being called on to tighten the country’s checks against “dirty money” post leak of data from 14 offshore financial services companies. The data leak exposed details about the secret financial dealings of some .....
Is it too early to panic for Christmas?
October 03, 2021 12:49 AM AEST| By Priya BhandariHighlights Retailers fear panic buying during the festival season if supply chain crisis not addressed immediately. Soaring prices of European natural gas and a post-Brexit shortage of truck drivers have left UK struggling with rising energy pr.....
How will UK’s net-zero transition impact energy costs?
October 02, 2021 12:29 AM AEST| By Suhita PoddarHighlights A recently published report has stated that the UK will continue facing high energy costs even after the current energy crisis comes to an end. Households are expected to face an additional upgradation cost of about £1,500 in t.....
UK Manufacturing PMI indicates slowest growth since February 2020
October 02, 2021 12:00 AM AEST| By AbhijeetHighlights UK manufacturing sector witnessed the slowest growth rate since February of 2021 Growth slowed due to dismal pace in consumer and intermediary products Manufacturers are also struggling to recruit appropriately skilled workfor.....
What happens when an energy supplier goes bust
October 01, 2021 08:14 PM AEST| By Rishika RainaHighlights A total number of 9 energy companies have ceased to trade in September itself. The 3 new energy suppliers going bust include Enstroga, Symbio Energy, and Igloo Energy. The energy supplier failures had impacted over 1.5 million peo.....
Housing price rise: What to expect as Treasurer, regulators mull loan crackdown
October 01, 2021 02:29 PM AEST| By AshishHighlights The recent boom in housing prices has emerged as a major concern for the Australian Treasurer. The surge in home prices was fuelled by an increase in debt as record-low interest rates made larger loans more affordable. The treasurer.....
Consumption, spending, employment to drive Q4 GDP growth
October 01, 2021 12:53 AM AEST| By AbhijeetHIGHLIGHTS UK GDP rose by 5.5% in Q2 2021, as per final reading The GDP stands 3.3% lower as against the pre-Covid period Spending, business orders & consumption are likely to guide Q4 GDP growth The gross domestic product (GDP).....
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Which companies are setting early targets to cut carbon footprint?
October 01, 2021 12:19 AM AEST| By Rishika RainaLeading UK-based global retailer Marks & Spencer (LON: MKS) has pledged to cut back its carbon footprint by a third by 2025 from a 5.7 million tonnes 2017 baseline, and eventually become fully net zero by 2040, which will be 10 years ahead of t.....
UK government floats new guidelines for online & crypto gambling
September 29, 2021 11:18 PM AEST| By Rishika RainaOnline and crypto gambling are relatively new phenomena but have gained popularity at an unprecedented rate in recent years. While more and more people are taking it up, simultaneously a number of concerns are forcing the countries across the world.....
‘Get vaxxed for snacks’: Uber Eats offers discount for COVID-19-vaccinated Aussies in NSW
September 29, 2021 11:18 AM AEST| By AshishAussies residing in New South Wales (NSW) Local Government Area (LGA) coronavirus hotspots have a chance to avail AU$20 off on the food ordered from food delivery platform, Uber Eats. Uber Eats has launched a campaign to ‘get vaxxed for snac.....
Woollahra’s historic mansion with no harbour view sold for record price
September 28, 2021 12:43 PM AEST| By AshishHighlights Woollahra’s historic mansion Rosemont has become the costliest house the highest price in Sydney in 2021. The house with no harbour view, has reportedly been purchased by an undisclosed buyer for AU$45 million. The 10-bedroom .....
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Canada top news: Immunized vs unvaccinated, oil crisis & CIBC expansion
September 28, 2021 12:37 AM AEST| By Shreya BiswasHighlights A new survey done for the Association of Canadian Studies found that over three in every four residents think negatively of the unvaccinated. With supplies as they currently stand natural gas is expected to continue to surge as winte.....
What would happen after the Furlough Scheme ends in UK?
September 27, 2021 08:03 PM AEST| By Rishika RainaAt a cost of £70 billion, the furlough scheme of the Boris Johnson Government has been hailed as a great success as it supported 11.6 million workers in the time of an economic crises. Ending this week, the scheme has been in place for 18 mon.....
Why UK government should introduce stringent law to counter frauds
September 27, 2021 07:00 PM AEST| By Priya BhandariAs scams and fraudulent activities, dangerous products and fake reviews appearing on the online platforms are increasing in the UK, there is a buzz that the Boris Johnson government and regulator should bring some stringent laws or take steps to ma.....
Health Of the Australian Economy As Christmas Approaches
September 26, 2021 12:27 AM AEST| By Rini ZachariahThe tiny Covid- 19 virus has wreaked havoc on the health of humans and economies across the globe. Australia too is no exception. So let us see what is happening to the health of the Australian economy after the recent surge in cases. Status of th.....
How to plan your perfect hybrid work schedule?
September 25, 2021 12:00 PM AEST| By Ipsita SarkarHighlights Many employees find hybrid work attractive due to the flexibility it offers. Forty-seven percent of workers who participated in a study said they prefer a hybrid work plan. Managers’ office days should be the team members offi.....
A look at the 15 best Canadian startups of 2021
September 25, 2021 04:32 AM AEST| By Shreya BiswasHighlights One of the companies mentioned here won the Insurance Business Magazine’s Digital Innovator Award in the year 2019. MasterCard and ATB Financial have partnered with one of the below fintech companies. One of them was featured .....
Is Australia falling behind in race to digital economy?
September 24, 2021 01:41 PM AEST| By AayushAccording to the Australian Academy of Science, Australia is at the risk of falling behind in the technology world among technologically driven countries. Countries such as the US, the UK, Canada, etc., are already bumping up their investments in d.....
RBA has sounded the household debt alarm; here’s why
September 24, 2021 11:58 AM AEST| By AayushHighlights Australia’s housing debt has been rising aggressively and the RBA has voiced concerns about the same. Stringent mortgage lending standards and sufficient bank capitalisation could protect lenders, should the country face anothe.....
Prospects of small businesses amid broader economic recovery
September 24, 2021 10:21 AM AEST| By Sonal SinhaHighlights Micro, small and medium size businesses are aggressive and plays a vital role in economic recovery. Many small businesses were hit hard during the COVID-19 pandemic due to lockdown restrictions in place. The Government has introduce.....
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