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Economy
January Jobless Rate lurches lower than expected
February 18, 2021 07:11 PM AEDT| By Hina ChowdharyThe Australian Bureau of Statistics (ABS) today released its latest data on Labour Force for the month of January 2021. The unemployment rate decreased to 6.4% in January 2021, down from its December value of 6.6%, going lower than the expected rat.....
Canada’s CPI Rises By 1% As Consumer Goods, Fuel Prices Spike
February 18, 2021 03:57 AM AEDT| By Kunal SawhneyCanada’s Consumer Price Index (CPI), a key gauge of inflation, has risen at a quicker pace in January to 1 per cent, than in the previous month, due to the rising prices of gasoline and consumer durables, the government’s statis.....
Why Rishi Sunak Might Have to Hike Taxes To £60 Bn A Year
February 18, 2021 03:25 AM AEDT| By Team Kalkine MediaA recent study by the Institute for Fiscal Studies (IFS) has warned the government that if the furlough support scheme is not targeted properly, and the books of account are not rightly balanced, the financial implications could be grave. I.....
Canadian Stock Markets Saw Record Foreign Investments In Dec 2020
February 18, 2021 01:40 AM AEDT| By Hina ChowdharyCanadians purchased as much as C$ 26.9 billion worth of foreign securities in the month of December last year, a large chunk of which consisted of US shares, Statistics Canada pointed in a recent report. Foreigners, on the other hand, inves.....
UK CPI inflation jumps to 0.7% in January
February 18, 2021 12:19 AM AEDT| By Team Kalkine MediaUK consumer prices index (CPI) based inflation jumped to 0.7 per cent, while the consumer prices index including owner occupiers’ housing costs (CPIH) grew to 0.9 per cent in the month of January with recreation and culture contributing the m.....
Vaccines to inject optimism in world economy, IMF pegs US growth at 5.1%
February 17, 2021 10:20 PM AEDT| By Team Kalkine Mediaed to show staggering improvement due to potential structural changes in the economy. Nations across the globe are on the mend as they have begun neutralizing the devastating effects of the pandemic left behind on the economy as well as on finan...
Will the new UK budget by Sunak have a green tinge?
February 17, 2021 07:52 PM AEDT| By Team Kalkine MediaThe budget this year is expected to contain environment friendly measures. News reports have highlighted that Chancellor of the Exchequer Rishi Sunak, who will present this year’s budget on 3 March, will launch green gilts, but their sca.....
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Why Australians’ overseas travel hit a 24-year low in 2020
February 17, 2021 03:33 PM AEDT| By Team Kalkine MediaThe COVID-19 pandemic played spoilsports with Australians’ overseas travel plans in 2020, with the numbers hitting a 24-year low. As revealed by the latest Australian Bureau of Statistics (ABS) data, there was a 75% decline in the number of A.....
How Brexit Can Lead to Increase in Energy Prices for UK Businesses
February 17, 2021 05:30 AM AEDT| By Hina ChowdharyThe UK businesses may have to face a price hike in energy prices post Brexit mainly due to factors like surge in transportation costs and the UK leaving the EU internal energy market. The EU supplies almost half of the gas the UK con.....
How Can UK’s New £10-Mn Green Finance Push Impact Climate Talks
February 16, 2021 02:28 AM AEDT| By Kunal SawhneyThe UK government has announced a £10-million climate capital investment for green finance research hubs in London and Leeds. The news comes ahead of the COP26 UN climate talks which will be hosted by the UK later this year. Be.....
US Dollar drops to 3-week low as vaccine optimism abounds
February 16, 2021 12:16 AM AEDT| By Team Kalkine Mediasignificantly as it rose to its highest level in about three years pushing past USD1.39. Tuesday marked a three-week low for US Dollar and a three-year high for Sterling as news surrounding the vaccine injected optimism into investors. The Brit....
UK government urges those over 70 to take Covid-19 jabs
February 13, 2021 09:23 PM AEDT| By Kunal SawhneyIn a final push to meet the vaccination target, UK ministers are asking those between 70 and 80 years to get their first Covid-19 shot. Over 14 million people in the UK have received at least one vaccine shot and the number is expected.....
Post-Brexit relief: UK government to give £20m aid to support SMEs
February 12, 2021 11:15 PM AEDT| By Kunal SawhneyIn order to support the smaller businesses in the United Kingdom, the Boris Johnson government has announced a monetary aid of £20 million, primarily focused to help the small and medium enterprises. The fund has been allo.....
How Effective Is the Government’s Approach of Imposing A Cladding Tax?
February 12, 2021 09:04 PM AEDT| By Hina ChowdharyIn a bid to make high-rise buildings safer, the British housing secretary announced a £3.5-billion plan to replace combustible cladding that can be dangerous for all buildings taller than 18 meters. The British government will provide reassur.....
UK economy contracts by 9.9% in 2020, largest-ever annual fall in GDP
February 12, 2021 08:44 PM AEDT| By Kunal SawhneyThe UK economy recorded the “largest-ever” annual fall with the GDP slipping by 9.9 per cent in the pandemic-laden calendar year, as per latest figures from the Office for National Statistics. The UK GDP saw a growth of 1 per ce.....
What does EU proposal to delay application of post-Brexit trade deal means for Britain?
February 12, 2021 07:16 PM AEDT| By Kunal SawhneyThe European Commission has asked its member states to delay the applications of the post-Brexit trade deal with UK till April. On Tuesday, the proposal to extend the deal was sent for approval after which it will be sent to a joint council l.....
Is the UK economy poised for a sharp turnaround?
February 12, 2021 06:41 PM AEDT| By Kunal SawhneyAndy Haldane, chief economist at the Bank of England, has said that the current state of the UK economy is like a coiled spring bursting to release a huge amount of pent-up financial energy. Consumer confidence would surge back with full fo.....
What Does RICS’ Latest Survey Say About Property Prices in the UK
February 11, 2021 09:48 PM AEDT| By Team Kalkine MediaThe third lockdown imposed in the UK has cast a shadow on its property market. In its monthly survey RICS (the Royal Institution of Chartered Surveyors) stated that after a seven-month of continuous rise in new buyer enquiries, January recorded a d.....
Why is Mastercard supporting cryptocurrencies on its network?
February 11, 2021 09:13 PM AEDT| By Team Kalkine MediaCredit card payments company Mastercard (NYSE: MA) announced that it would allow cardholders to transact using some cryptocurrencies on its platform starting later this year. The financial services giant is the latest in various other companies to .....
UK exporters facing Brexit-related hurdles, says study
February 11, 2021 07:02 PM AEDT| By Team Kalkine MediaAlmost half of British businesses exporting goods have run into trouble due to Brexit transition regarding trade terms with the European Union, a British Chamber of Commerce study has stated. As per the report, 49 per cent of the goods exporters an.....
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