Economy

What moved business optimism in UK directors at a record high?

June 24, 2021 07:41 PM AEST| By Kamalika Ghosh

Summary A new survey by the Institute of Directors found that UK’s business leaders’ confidence in the economy was at an all-time high. The rally in optimism was primarily driven by positive sentiments around the vaccination drive. .....

Before bidding for a house, heed alarms bells rung by central bank

June 24, 2021 06:23 PM AEST| By Team Kalkine Media

Summary Rise in housing prices fueled by cheap debt and mismatch in demand and supply. High level of Canadian household debt due surging mortgage payouts a concern. Treating any sector as a quick multiplier of wealth can lead to broader reperc.....

How does New Zealand Stock Exchange operate? What are the good stocks listed on it?

June 24, 2021 10:05 AM AEST| By Roma

Like most well-functioning economies, New Zealand has a full-fledged stock exchange. The New Zealand stock exchange, established in the 1870s gold rush, turning into a company that was then shareholder controlled. The exchange essential consi...

Women entrepreneurship initiative in Aotearoa to receive NZ$2.5m

June 24, 2021 09:10 AM AEST| By Roma

Summary Initiatives to help woman entrepreneurs marks the positive paradigm shift Women in entrepreneurship will make for a stronger tomorrow for the world Small business owners need to be supported in order to help deal with COVID-related los.....

Has inflationary pressure started impeding UK economic rebound?

June 24, 2021 12:48 AM AEST| By Suhita Poddar

Summary The IHS Markit economic survey reported a preliminary June reading of 61.7, falling slightly from May’s reading of 62.9. The marginal drop in data indicated that the UK’s frenzied economic growth rate might have peaked due t.....

Why is Lloyds Banking closing 44 branches in England & Wales?

June 23, 2021 11:53 PM AEST| By Abhijeet

Summary Lloyds Banking Group has announced to close 44 branches Decision has been criticised by the British and Irish Trade Union Unite Shares of the bank traded in the positive territory post announcement Lloyds Banking Group Plc (.....

Did you miss UK’s first post-Brexit trade deal with Australia?

June 23, 2021 06:54 PM AEST| By Team Kalkine Media

Summary Britain and Australia announced a free trade deal which seems to be an important step in building new trade relationships. The deal is the first bilateral trade accord Britain has negotiated since leaving the EU in 2020. For Australia,.....

When would international flights resume in Australia?

June 23, 2021 06:03 PM AEST| By Tripti Joshi

Summary The Australian government has highlighted that it is unlikely to ease international travel restrictions until at least mid-2022. Australian Deputy Prime Minister stated that while tourism is bouncing back, the country would focus on dom.....

Will RBA raise interest rates in 2022? Here’s what experts are saying

June 23, 2021 04:36 PM AEST| By Chitranjan Kumar

Summary Commonwealth Bank of Australia expects interest rate hike by end of 2022. The bank estimates the cash rate target at 0.5% at end of 2022 and 1.25% by 2023. The RBA has reaffirmed it does not expect rate hike until "at least" 2024. .....

US home prices surged 23% in May as supplies fell

June 23, 2021 06:57 AM AEST| By Team Kalkine Media

The average US home prices rose by a record 23.6% to US$350,300 in May from a year earlier as the number of available homes for sale declined amid a robust surge in demand. The demand spiked as mortgages rates fell to record levels during the peri.....

Would NZ$1-billion fund aid in solving New Zealand’s housing crisis?

June 23, 2021 06:00 AM AEST| By Neha Simpy

New Zealand has been struggling with housing crisis for quite some time. To combat the housing crunch and increase its affordability, the Government declared a NZ$3.8-billion Housing Acceleration Fund in March this year. Source: Copyright ©.....

Canada’s social media bill can change what you see on Netflix, FB & YT

June 23, 2021 03:09 AM AEST| By Anuj

The Trudeau government passed the controversial C-10 digital bill on Tuesday that seeks to regulate programming disseminated by media streaming and digital platforms like Netflix, Facebook and YouTube. However, the bill requires passing the scrutiny...

The UK to formally begin trans-pacific free trade talks

June 22, 2021 08:28 PM AEST| By Suhita Poddar

Summary The UK had applied to join the CPTPP in January after its exit from the European Union earlier this year. The CPTPP is the largest trading bloc and accounts for 13 per cent of the world’s GDP. The UK wants to gain tariff free tra.....

Good News! Here is how to get $1080 in your bank account

June 22, 2021 04:05 PM AEST| By Kiara Khanna

Summary About ten million Australians to get $1080 on filing tax returns after June 30. All Australian residents earning under $126,000 are eligible. Australian Couples to get $2160 as a handout. Individuals to get $1080 as a handout. Th.....

Is Kiwi Consumer confidence on a recovery mode?

June 22, 2021 12:22 PM AEST| By Sonal

Summary The Westpac-McDermott Miller Consumer Confidence Survey rises 1.9 points to 107.1 in Q2 of 2021. The survey showed that the consumer confidence is improving and is on a recovery mode. Households were now spending more on entertainment .....

Biden's push for hydrogen fuel adds muscle to climate fight

June 20, 2021 01:24 PM AEST| By Team Kalkine Media

Summary The US expects decarbonizing its polluting industrial sectors would bring long-term benefits to the economy and the climate, besides creating jobs in the emerging clean energy sector. DoE is exploring feasible sites where it can produce.....

Tailwinds for the Australian Economy

June 20, 2021 12:35 AM AEST| By Team Kalkine Media

Across the globe, the Covid 19 pandemic was the headwind no economy could escape. However, with vaccinations in place, situations are improving, and there is reason for a positive outlook. As per the monetary policy decision on 1st June, economic re...