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Recovery on Cards: UK Business Confidence Improves to One-Year High
March 30, 2021 07:03 PM AEDT| By AbhijeetSource: Panumas Yanuthai, Shutterstock Summary Lloyds Bank Business Barometer increased by 13 percentage points to 15 per cent. The survey shows the biggest increase in overall confidence in the Manufacturing and Retail sectors. Of the 12 UK...
Will Australia go the NZ way of checking house prices?
March 30, 2021 01:08 PM AEDT| By Team Kalkine MediaSource:Brian A Jackson, Shutterstock Summary Housing affordability worries could result in more Kiwis shifting to Australia. House prices in NZ soared by 21.5% annually, while property prices were up 3.6% annually in Australia. The Australian...
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Brexit Woes: 11% Exporters May Permanently Halt Business with the EU, Study Finds
March 30, 2021 12:20 AM AEDT| By AbhijeetSource: Rawpixel.com, Shutterstock Summary A new study has found that 23% of exporters have temporarily stopped exporting to the EU. About 4% decided to stop trading with the EU permanently because of the new trading rules. About 11% of expor...
NZ house prices could go as high as 25% by mid-2020s: Kiwibank
March 29, 2021 02:05 PM AEDT| By SonalSource:nednapa, Shutterstock The widespread rise in property prices poses a significant challenge for the NZ government. On 23 March, the government announced many measures focussed on controlling investors who have been pushing prices up. The anno...
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What To Expect In The Upcoming Canadian Budget 2021?
March 28, 2021 12:13 PM AEDT| By AnujSource: fizkes, Shutterstock Summary On April 19, Canada's Finance Minister Chrystia Freeland will read out the first budget in two years. The federal government had announced a C$100 billion economic stimulus package that constitutes 4% of th...
Cost of living in Canada: How Much Is Sufficient?
March 27, 2021 03:26 PM AEDT| By AnujSource: Tero Vesalainen, Shutterstock Summary Canada offers high standards of living Vancouver and Toronto are the most expensive cities to live Majority of your expenses will be spent on housing/accommodation As a land that welcomes i...
BoE Asks Bankers to Keep Liquidity Tap Open to Help Households, Businesses
March 27, 2021 02:39 AM AEDT| By AbhijeetSource: Tupungato, Shutterstock Summary The Bank of England asked banks to continue lending to companies and households. BoE said UK banks can support both businesses and households as they continued to reel under the pressure of the pandemic....
Report: 840,000 Brits Have Rent Dues, Landlords’ Body Warns of Rising Homelessness
March 27, 2021 01:59 AM AEDT| By AbhijeetSource: Srdjan Randjelovic, Shutterstock Summary A report has found that 840,000 tenants have arrears in rent since the lockdown began. The report found that debts have increased so much that tenants would no longer be able to afford to pay th...
Will Westpac's sale of its NZ business result in other Kiwi banks to follow suit?
March 26, 2021 05:00 PM AEDT| By Team Kalkine MediaSource: Dr. Victor Wong, Shutterstock On 24 March, Westpac Banking Corporation (NZX:WBC, ASX:WBC) revealed that the bank was looking at the sale of its NZ operations and was taking into consideration whether a demerger would be in the best interest...
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1.5 Mn Canadians Accessed Employment Insurance In January: StatCan
March 26, 2021 03:09 AM AEDT| By Shreya BiswasSource: H_Ko, Shutterstock Summary About 1.5 million Canadians accessed regular Employment Insurance (EI) benefits in the month of January 2021, reported Statistics Canada. This number records a month-over-month (MoM) jump of 11.2 per cent, or...
How Prices of Products Will Go Up Due to Suez Canal Blockade
March 26, 2021 03:02 AM AEDT| By Suhita PoddarSource: Leonardo da, Shutterstock Summary The Suez Canal, built in 1869, is a strategic location as it connects the Red Sea with the Mediterranean Sea and is crucial as around 12 per cent of global trade pass through it. Experts said that the...
Canadian Federal Budget 2021: Will Liberals Announce Stimulus Package?
March 26, 2021 01:50 AM AEDT| By Team Kalkine MediaSource: fizkes, Shutterstock After a two-year long wait, Finance Minister Chrystia Freeland is all set to announce the federal budget on April 19. So, what can we expect from the budget? For starters, Canadians would like to have extended income su...
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Bank of Canada To Wind Up COVID-Triggered Liquidity Programs
March 25, 2021 12:39 AM AEDT| By Shreya BiswasSource: Portrait Image Asia, Shutterstock Summary The Bank of Canada (BoC) said on Tuesday that it will be rolling back the support programs it had extended to help the economy through the pandemic. The central bank plans to suspend or discont...
Canada Sets Budget Date After 2 Years: What We Know
March 24, 2021 09:09 PM AEDT| By Shreya Biswasfor FM Freeland, who took over the office after Bill Morneau resigned last year. The Canadian government will finally table a fresh budget for 2021 on April 19. Finance Minister Chrystia Freeland made the announcement on Tuesday, March 23. The....
RBNZ voices concerns over Westpac’s breach of liquidity norms
March 24, 2021 12:37 PM AEDT| By Sonali> APRA also took actions against Westpac due to liquidity issues in December. Reserve Bank has asked Westpac to take a closer look at its risk governance practices and ordered the company to pay for 2 independent reports to address the same. O...
Why the UK Unemployment Rate Fell for The First Time Since the Pandemic
March 24, 2021 01:40 AM AEDT| By Suhita PoddarSource: Tong_stocker, Shutterstock Summary The Office for National Statistics reported that UK’s unemployment rate fell to 5% in January, beating the previous forecast of 5.2%. The December jobless rate was 5.1%. The number of payrolls...
Manawatu-Wanganui Attracting NZ House Investors By Offering Big Capital Gains
March 24, 2021 12:39 AM AEDT| By Team Kalkine MediaSource: Fusionstudio, Shutterstock Earlier in March 2021, IMF stated that New Zealand government should consider using capital gains tax (CGT) to control the enormous rise in its property prices. Source: Copyright © 2021 Kalkine Media Pty Lt...
Federal Government Extends CEBA Loan Till June 30
March 23, 2021 09:37 PM AEDT| By Team Kalkine MediaSource: fizkes, Shutterstock Summary This extension will enable businesses to get the support they need amidst COVID-19 restrictions and regulations. Over 8.5 million loans under this scheme have been granted till March 18, 2021. In a bid...
What is Australia doing to solve the oceans’ plastic waste problem?
March 23, 2021 07:35 PM AEDT| By Team Kalkine MediaSource: chaiyapruek youprasert ,Shutterstock Summary The plastic problem poses a grave threat to Australia’s crown jewel, the Great Barrier Reef and has been responsible for killing several marine species, including dolphins, seabirds, du...
New Zealand PM Ardern announces plans to combat housing crisis
March 23, 2021 02:50 PM AEDT| By Team Kalkine MediaSource: Brian A Jackson Shutterstock Summary NZ government has released a range of housing policies to increase housing supply and reduce investor demand. Government plans to keep NZ$3.8 billion aside to fund infrastructure around housing...
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