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Economy
How Australia racked up trade surplus despite tensions with China
February 04, 2021 03:53 PM AEDT| By Team Kalkine MediaDespite its unpleasant trade ties with the world’s second-largest economy, Australia has managed to chalk up an impressive trade surplus in December. According to the data released by the Australian Bureau of Statistics (ABS) on Thursday, th.....
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Construction sector in the driver’s seat as employment rises in NZ
February 04, 2021 01:38 PM AEDT| By Kunal SawhneyLabour market is slowly coming out of the shadow of COVID-19 pandemic. Employment is seen picking up in New Zealand as the unemployment rates dropped to 4.9% in the quarter ended December 31,2020 as against 5.3% in the previous quarter of September.....
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Why NZ’s Q4 2020 new home approvals are in record numbers
February 04, 2021 12:50 PM AEDT| By Kunal SawhneyResidential construction continues to be on a rise. New homes consented reached a record high in Q4 of 2020. As per Stats NZ, 11,291 new homes were consented in the fourth quarter of 2020, beating the earlier record of 10,713 set in December 1973......
Energy Consumers in The UK Willing to Adopt Sustainability: Survey
February 03, 2021 11:02 PM AEDT| By Kunal SawhneyGlobal consulting firm EY in a survey came across startling facts regarding the changing consumption pattern in the UK’s energy sector. According to the survey findings, more customers are factoring sustainability while choosing energy-relate.....
Canada Begins Airline Bailout; Sunwing Gets Emergency C$375Mn Loan
February 03, 2021 10:22 PM AEDT| By Hina ChowdharyCanada’s budget airline Sunwing will receive C$375 million in emergency loans to keep it afloat after the government announced new travel restrictions due to the rising number of Covid infections. The company had begun talks for the .....
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RBA Governor bats for continuation of monetary stimulus
February 03, 2021 03:29 PM AEDT| By Hina ChowdharyIn a categorical message to the financial markets, Reserve Bank of Australia (RBA) Governor Philip Lowe warned against the “premature” withdrawal of the monetary stimulus since it might take few more years to meet the targets for infla.....
Why private house approval hit a new high in December 2020
February 03, 2021 01:38 PM AEDT| By Team Kalkine MediaThe private sector house approvals surged for the sixth straight month in December and hit a record high amid robust demand due to stimulus measures and low-interest rates. While the approvals for private houses jumped 15.8 per cent in December, dw.....
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Why RBA kept interest rate unchanged
February 02, 2021 05:26 PM AEDT| By Team Kalkine MediaThe Reserve Bank of Australia (RBA) left the official interest rates unchanged at 0.1 per cent as it expected the economic recovery to be stronger than earlier anticipated. However, the rebound depends on the health situation and significant fiscal.....
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Payroll jobs rise in January; Queensland posts the biggest jump
February 02, 2021 02:41 PM AEDT| By Kunal SawhneyWith all states and territories reporting a rise, both payroll jobs and wages increased by 1.3 per cent over the fortnight to 16 January 2021. While the payroll jobs increased the most in Queensland (2.8 per cent), Northern territory reported a 0.5.....
UK Seeks to Join the Trans-Pacific Trade Group, A Year After Exiting EU
February 02, 2021 12:34 AM AEDT| By Hina ChowdharyThe United Kingdom formally applied to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) trading bloc on Monday to increase its trade partnership with the Asia-Pacific region. The move follows after the UK exited the .....
Make UK urges the British government to address Brexit border delays
February 01, 2021 08:31 PM AEDT| By Team Kalkine MediaMake UK, the manufacturers’ union of the United Kingdom, has urged the government to address Brexit border delay issues that have been causing supply chain disruptions for British companies. (I.....
New Zealand’s trade balance positive for first time in 10 years
February 01, 2021 12:23 PM AEDT| By Mark O'DonnellThe value of imports that made into New Zealand in 2020 was $7.4 billion lower than in 2019. Total imports fell from $64.4 billion to $57.0 billion as supply chains were disrupted by COVID-19 and demand in NZ for exports dropped as well. Goods tha.....
Republicans Downsize Biden’s Covid Package to USD 618 Billion
February 01, 2021 04:38 AM AEDT| By Team Kalkine MediaSource:bluebay, Shutterstock Summary Senate Republicans propose USD 618 billion in a toned-down version of Biden’s USD 1.9 trillion stimulus plan. Republicans exclude funding for state governments and local government and minimum wage hi...
Canada’s GDP Grew 0.7% in Nov’20 Despite COVID-Triggered Deficit
January 30, 2021 03:51 AM AEDT| By Kunal SawhneyDespite the rising number of COVID-19 infections and tightening lockdown measures, Canada saw its real gross domestic product (GDP) balloon by 0.7 per cent month-over-month (MoM) in November last year. This was the seventh consecutive month.....
Canada’s Payroll Jobs Slid 0.5% in Nov’20 Amid COVID 2nd Wave
January 30, 2021 03:49 AM AEDT| By Kunal SawhneyMany Canadian businesses suffered in the wake of the second coronavirus wave around November last year. While the latest Labour Force Survey (LFS) recorded a 0.3 per cent increase in employment for the week between November 8 and 14, the country&rs.....
What Does 2021 Hold for the Australian Retail Sector?
January 30, 2021 01:16 AM AEDT| By Kunal SawhneyIndeed, the Australian retail sector has been no exception in bearing the burden of stringent lockdown restrictions imposed in the wake of COVID-19 pandemic. However, the sector stood out in hitting the ground running as soon as the nation eased in.....
Brexit fallout: Businesses ask government to resolve customs issues at UK ports
January 29, 2021 07:19 PM AEDT| By Team Kalkine MediaBusiness leaders across the UK have warned the government about their members facing difficulties at the national ports post Brexit deal got implemented. If this situation continues as is, industry could face significant financial losses, warned th.....
How Much Has Automation Technology Impacted Jobs In Canada?
January 29, 2021 02:54 AM AEDT| By Team Kalkine MediaWhile technological advancements in businesses generally result in reducing manual labor and work hours, it can also often have a negative impact for workers who depend on manual tasks. With the onset of the COVID-19 pandemic last year, amid which .....
US Economy Sees Largest Decline Since WWII But Recovery On Track
January 29, 2021 02:34 AM AEDT| By Team Kalkine MediaSource: Natee K Jindakum, Shutterstock Summary US economy contracts by 3.5 percent in 2020, biggest plunge since WWII. Number of jobless claims reduced to 847,000 in the week ending January 23. The International Monetary Fund (IMF) forec...
2020 Marks the Lowest Four-Year Average Motor Insurance Price for the UK
January 29, 2021 12:47 AM AEDT| By Hina ChowdharyThe motor insurance premiums paid by Britons on an average seems to have gone down substantially during the year 2020. The pandemic-induced lockdowns have forced the Britons to stay indoors to mitigate the risk of spreading infections. Vehicular tr.....
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