Economy

UK inflation surges to a 30-year high level: What to expect now?

 UK inflation surges to a 30-year high level: What to expect now?

Highlights  Britain’s inflation rate rose to the highest level in the last 30 years, as per the official figures released by the Office for National Statistics (ONS). Some of the key factors that contributed to the higher reading are...

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How global banks can help in controlling greenhouse gas emissions

How global banks can help in controlling greenhouse gas emissions

Amid the ongoing COP26 UN Climate Change Conference being hosted by the UK , hundreds of the biggest banks and pension funds across the globe have come together to mitigate the greenhouse gas emissions with financial assets worth US ...

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95% mortgage: All you need to know

95% mortgage: All you need to know

Highlights  A 95% mortgage refers to Loan-to-value (LTV) of owning a house, 95% of the house price will be covered by a mortgage, while 5% of the mortgage to be stumped up as a deposit. The government’s Mortgage Guarantee Scheme help...

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What does Australia's Retirement Income Covenant have in store for retirees

What does Australia's Retirement Income Covenant have in store for retirees

Big changes lie ahead for the Australian Superannuation fund holders as Australia’s Retirement Income Covenant is set to be effective from July 1st, 2022. Superannuation, or “Super”, as the Aussies call it, is one of the most impo...

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Why COP26 Summit is so crucial now

Why COP26 Summit is so crucial now

The COP26 stands for “conference of the parties” under the United Nations Framework Convention on Climate Change, and the summit aims to reach a consensus to implement the 2015 Paris Agreement, where 200 countries around the world agree...

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US consumer prices climb at fastest pace in 30 years

US consumer prices climb at fastest pace in 30 years

Highlights But, despite rising costs and the expiration of unemployment benefits in September, consumer spending also increased in the month, the data revealed. The report pointed at strong demand and severe supply shortages for flaring up infl...

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Can you give away stocks as donations?

Can you give away stocks as donations?

Donating stocks instead of cash is always a better option considering the interest of both parties. A wide range of charities, schools, hospitals, and other non-profit organisations prefer receiving stocks as gift or donation as it provides them wi...

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Autumn Budget: Top 10 expectations from Sunak

Autumn Budget: Top 10 expectations from Sunak

Highlights  The Autumn Budget is due to be delivered by Chancellor Rishi Sunak at the parliament on Wednesday. The Budget is set to come ahead of a rough winter due to rising fears of inflation and soaring energy prices, which have negativ...

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China plans new property tax; here’s how it may hit Australia

China plans new property tax; here’s how it may hit Australia

  • October 25, 2021 07:51 PM PDT
  • Ashish

Highlights China has announced plans to roll out a pilot real estate tax amid the ongoing rise in real estate speculation across the country. The National People's Congress Standing Committee has provided the nod to the latest plan to promote "...

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UK launches world’s first green savings bond: What the savers can get?

UK launches world’s first green savings bond: What the savers can get?

Highlights The UK launched the world’s first retail green savings bond, issued by the National Savings and Investments The move follows after the UK has raised a total of £16 billion in green sovereign bonds since the last month ...

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Why falling inflation is not good news

Why falling inflation is not good news

Highlights UK headline inflation dropped from 3.2% in August to 3.1% in September as per latest ONS figures. In the recent months, inflation has been above the 2% target set by the UK Government, with expectations of hitting 4% by the end of th...

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