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Economy
Budget 2021: What did Rishi Sunak miss out?
March 05, 2021 07:19 PM AEDT| By Team Kalkine Mediaange. The Budget has not touched upon social care funding proposals. On Wednesday, Chancellor Rishi Sunak read out how the government would plan its spending and taxation for the next year. He announced a slew of measures including the extensio...
Auckland home builders faced supply constraints in Dec quarter: Stats NZ
March 05, 2021 02:09 PM AEDT| By Team Kalkine MediaSource: grandbrothers,Shutterstock Summary Home builders in Auckland have reported a rise in supply pressures. Survey revealed greater impact from availability of materials and equipment for residential building in Auckland than non-resid...
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How Bond Yields impact an economy
March 05, 2021 01:29 PM AEDT| By Team Kalkine MediaSource:husjur02,Shutterstock Summary US 10-year Treasury yield crossed the 1.6% mark and hit a one-year high last week following vaccine rollout and Biden government’s anticipated stimulus package. Bond yields have an impact on the economy...
Why February Recorded the Worst Car Sales Since 1959
March 05, 2021 01:10 AM AEDT| By Suhita PoddarSource: Mikbiz, Shutterstock Summary New car registrations in February fell 35.5 per cent annually, SMMT data showed. SMMT fears that March, which is traditionally a busy month for new registrations, would also do dismal business. In what...
Budget 2021: Tax hikes to take burden to highest value since 1960s, says OBR
March 04, 2021 10:59 PM AEDT| By Team Kalkine MediaSource: Natee Meepian, Shutterstock Summary Tax hikes announced by British finance minister Rishi Sunak would push the nation’s overall tax burden to its highest level since the 1960s, said OBR. This is despite the fact that the budget h...
Budget 2021: How Sunak Plans to Protect Jobs and Livelihoods
March 04, 2021 08:48 PM AEDT| By Abhijeetions and extensions to various schemes without worrying about acute rise deficit. In order to reinforce job security, Chancellor of the Exchequer Rishi Sunak has announced a bouquet of measures that are designed to safeguard the jobs and livelih...
Budget 2021: How the housing market can gain from recent sops
March 04, 2021 08:15 PM AEDT| By Team Kalkine Mediaprices of major home builders rose by nearly 6 per cent after the budget announcement. The Budget announced yesterday on 3 March had boosted the sentiments of the housing market. The ongoing stamp duty holiday has been extended till the end of J...
RBNZ draws housing direction and stresses on stimulatory monetary conditions
March 04, 2021 06:00 PM AEDT| By Team Kalkine Mediaprices and share prices that are a significant risk to economies. RBNZ has stayed in a strong spot to continue to achieve its goal in the midst of COVID-19-induced economic jolt. On 4 March, Adrian Orr, RBNZ Governor, deliv...
New GMC Hummer EV’s crabwalk feature set to enrich driving experience
March 04, 2021 03:50 PM AEDT| By AshishSource:LeStudio,Shutterstock Summary The new all-electric Hummer by General Motors is all set to change the way people drive. In a recent video, the electric vehicle was seen criss-crossing across snow, while performing some adventurous moves...
Budget 2021: UK economy to regain its pre-pandemic size by mid-2022, says Sunak
March 04, 2021 03:04 AM AEDT| By Team Kalkine MediaSource: Worawee Meepian, Shutterstock Summary While announcing the UK budget 2021, British FM Rishi Sunak said that the economy would regain its pre-pandemic size by mid-2020. Furlough scheme and stamp duty holiday were extended by five...
What Pandemic? Toronto Home Sales Roar, Prices Top C$1 Mn First Time
March 04, 2021 03:00 AM AEDT| By Ipsita SarkarSource: godshutter, Shutterstock Average home prices in Greater Toronto Area (GTA) topped over C$1 million in February 2021, up 14.9 per cent year-over-year (YoY), informed the Toronto Regional Real Estate Board’s (TRREB) on Wednesday....
Budget 2021: Rishi Sunak To Stretch Furlough Support Until September
March 03, 2021 08:31 PM AEDT| By Team Kalkine MediaSource: Elle Aon, Shutterstock Summary The coronavirus job retention scheme could be extended till end of September, but businesses might need to start contributing to their staff salaries from July. Employers would have to spend 10 per cent o.....
NZ Facing Massive Rise In House Prices- Will It See A Silver Lining?
March 03, 2021 08:10 PM AEDT| By Team Kalkine MediaSource: Nature's Charm, Shutterstock Jacinda Ardern, NZ Prime Minister, who had vowed to resolve the country’s housing problem upon her election as the PM, is under constant pressure to control the country’s escalating housing prices....
Australian GDP growth smashes 60-year record, economy picking up steam
March 03, 2021 07:06 PM AEDT| By Team Kalkine MediaSource: patpitchaya, Shutterstock Summary Australian GDP rose by 3.1% during the December quarter, beating previous expectations by a large margin. The ABS reports that it was for the first time in 60 years that see GDP growth exceeded 3% for tw...
Payroll jobs fall in Victoria, Western Australia;Frydenberg bats for high GDP numbers
March 03, 2021 04:16 PM AEDT| By AshishSource:Wright Studio ,Shutterstock Summary The payroll jobs increased in all states except Victoria and Western Australia in the fortnight to 13 February 2021 due to the coronavirus-induced restrictions. While the payroll jobs fell by 0....
Housing prices in Australia highest in 13 years
March 03, 2021 02:48 PM AEDT| By Team Kalkine Mediahe HomeBuilder grant, as well as record-low interest rates, led to the housing sector boom. The Australian housing market hit the headlines Wednesday as it saw the highest monthly price surge since 2003. House prices went up 2.1% in February aft...
German Court Rejects Lawsuit To Review Canada-EU Trade Pact
March 03, 2021 07:39 AM AEDT| By Ipsita SarkarSource: Number1411,Shutterstock Summary German Federal Court rejects Die Linke’s petition to review participation in CETA. The Canada-EU Trade Agreement came into effect in September 2017. Die Linke claims that the government failed to...
Canada Records Sharpest Real GDP Fall Ever In 2020
March 03, 2021 02:38 AM AEDT| By Shreya Biswasast quarter. Canada’s nominal GDP fell 4.6 per cent YoY in 2020. Real gross domestic product (GDP) contracted by about 5.4 per cent in Canada last year, which, Statistics Canada noted, was the sharpest yearly decline since GDP figures wer...
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Canada’s Federal Aid Boosts Household Income, Narrows Poor-Rich Gap
March 02, 2021 08:43 PM AEDT| By Ipsita SarkarNearly 22,000 people have died of COVID in Canada as of March 1, 2021. The income of Canada’s poorest households rose by 36.8 per cent in the first three quarters of 2020 due to massive government spending in COVID-19 relief, the country.....
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What ABS data shows about long-term rates in Australia?
March 02, 2021 07:43 PM AEDT| By TribhuwanSource: wutzkohphoto, Shutterstock Long term rates are now well above short term rates, indicating that long term economic prospects are promising. Economic activities are resuming in the country as evident by rising government tax revenues. Austr...
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