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Economy
Will Government’s New Building Law Create More Affordable Housing in New Zealand?
June 04, 2021 03:33 PM AEST| By ManikaSummary The New Zealand government introduces first set of reforms in the Building Act. Changes passed in the Parliament. Aims to boost housing supply for first home buyers. With a view to give a boost to building activity and housing sup.....
How UK’s Services Sector Made Its Strongest Recovery in May Since 1997
June 03, 2021 11:29 PM AEST| By Kamalika GhoshSummary UK’s service sector made its strongest recovery last month since May 1997. The services sector grew 62.9 in May compared to 61.0 in April, as per IHS Market’s monthly Purchasing Managers Index. Unexpected client demand cont.....
Can Animal Species Facing Threat Related to Climate Change Be Saved?
June 03, 2021 10:34 PM AEST| By Suhita PoddarClimate change has become a main challenge for the world, and worryingly global heating has begun to threaten animal life across the world. According to the International Union for Conservation of Nature (IUCN), over 37,400 species globally are fa.....
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The World Is Shifting to Cleaner Energy Forms, but What About Sustainability?
June 03, 2021 09:22 PM AEST| By Kamalika GhoshSummary Governments across the globe have come up with policies that encourage companies to change to alternative energy modes. Though there is more awareness now, it is also essential to look into the sustainability of these energy models. In.....
UK Reaches Landmark Deal with The EU on Fishing Rights
June 03, 2021 08:52 PM AEST| By AbhijeetSummary The agreement guarantees fishing rights of the British and EU fleet in EU and UK waters until the end of 2021. Fish worth around 650 million euros are caught every year by the European Union’s fishing fleets in the UK waters. The.....
April retail sales rise as shoppers brush aside pandemic woes; consumer stocks up
June 03, 2021 01:14 PM AEST| By AshishSummary Australia’s retail sales rose in April on expected lines as cafés, restaurants and takeaway food services reported encouraging data. While the retail trade rose1% month-on-month, the sales surged 25% compared with the corre.....
New Zealand Government’s Accounts In Better Shape, But Yet To Attain Pre-Pandemic Level
June 03, 2021 12:37 PM AEST| By SonalThe Treasury released the interim Financial Statements of the Government of New Zealand for the 10 months ended 30 April 2021 on Thursday. The core Crown tax revenue result shows the strength of present economic conditions, which outperform the Budg...
Australia’s March quarter GDP rises 1.8%, beats estimates
June 02, 2021 12:32 PM AEST| By AshishThe Australian economic activity recovered to be above pre-coronavirus levels and grew by 1.8% in the March quarter. With this, the annual growth stood at 1.1%, according to the data releases by the Australian Bureau of Statistics (ABS). The GDP n.....
New Zealand’s Exports Drop, Oil and Logs Resist Trade Price Decline
June 02, 2021 12:26 PM AEST| By SonalNew Zealand’s total exports of goods and services declined 16.5% to $72.6 billion in the year ended March 2021, as per the data released by Stats NZ on Wednesday. The data reflects the effects of the coronavirus-affected year. International tr...
US Oil Prices Soar As Summer Kicks In
June 02, 2021 04:13 AM AEST| By Team Kalkine MediaSummary Oil prices are expected to rise further in the US as demand is set to increase with the onset of summer when Americans typically embark on vacations to beat the heat. On Tuesday, the Organization of Petroleum Exporting Countries (OPEC).....
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What Are Some Best Approaches to Improve Well-Being by Companies?
June 02, 2021 01:31 AM AEST| By Suhita PoddarSummary Sometimes back, a global survey conducted by insurance company Aetna International reported that 63 per cent of 4,000 workers surveyed wanted their companies to spend more on health and well-being initiatives. E-commerce giant Amazon an.....
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How Women Healthcare Workers and Scientists Took Up the Covid-19 Challenge
June 02, 2021 01:27 AM AEST| By AbhijeetSummary The mightiest of countries last year were brought to their knees by the Coronavirus. The UK is planning to make vaccine mandatory for all its healthcare workers. Women have played an exemplary role in leading UK’s healthcare syst.....
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UK Manufacturing PMI Displays A Record Surge in May
June 02, 2021 12:38 AM AEST| By AbhijeetSummary The UK manufacturers reported strong growth in May and higher levels of business confidence. The growth was driven by an easing of Covid-restrictions and a robust vaccination strategy. At the same time, inflationary pressure has starte.....
FTSE 100 Makes Positive Start Reacting to Upbeat OECD Projection for The UK Post-Covid
June 01, 2021 07:01 PM AEST| By AbhijeetSummary The UK economy to clock a GDP growth rate of 7.2 per cent while the global economy to grow by 5.8 per cent this year. However, the British economy might suffer more longer-term damage as compared to other G7 economies, as the impact of .....
Private housing approvals in Australia hit an all-time high in April
June 01, 2021 03:50 PM AEST| By Furquan MoharkanSummary Total dwelling units approved fell by 8.6%. However, private sector house approvals jumped to a record high. Victoria has been the worst performer during the month. The approvals for construction of private sector houses in Austra.....
RBA holds fire on interest rate, flags low inflation
June 01, 2021 03:46 PM AEST| By Furquan MoharkanThe Reserve Bank of Australia (RBA) has kept its monetary policy unchanged with interest rate near zero at its June meeting. Strengthen your Portfolio with Kalkine LITE; Now Available at $19.99 Only As a result of the central bank’s decisio.....
ANZ Business Outlook for May indicates stressed New Zealand economy
June 01, 2021 02:29 PM AEST| By SonalANZ Business Outlook Survey analyses the course of the economy in the next year and shows how business confidence is stacking up, what export sales are up to, and how the labour market is doing, etc. The survey collects crucial economic data, which...
Economic Charter: Check out latest developments and further expectations
June 01, 2021 02:20 PM AEST| By AshishSummary Even as the RBA’s monetary policy decision is highly anticipated, a few other critical data releases are already out. The Australian Bureau of Statistics (ABS) released data on manufacturing PMI, building approvals, and consumer c.....
Australia house prices continue to heat up
June 01, 2021 02:16 PM AEST| By Furquan MoharkanSummary CoreLogic’s national Home Value Index is up 2.2%. The surge in prices was led by capital cities. Hobart index rose the fastest. The housing prices in Australia continue to rise after the pandemic as CoreLogic’s nationa.....
New Zealand’s new dwelling approvals stay strong in April
June 01, 2021 12:19 PM AEST| By SonalAs per the latest building consent data released by Stats NZ, the number of new homes consented monthly in April 2021 rose 84% as compared to April 2020 to 3,994. This number included 2,140 stand-alone houses, 1,076 townhouses, flats, and units, 47.....
AI on the Rise: A Look at Top AI Companies and Their Stocks