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Economy
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.....
Eye on COVID recovery, Canada To Spend Billions On Transit Projects
February 11, 2021 06:30 PM AEDT| By Ipsita SarkarThe Justin Trudeau government plans to invest C$14.9 billion in public transportation projects for the next eight years that could be a major catalyst in reviving the ailing economy post-COVID-19. The funding will be provided for all public transi.....
US Consumer Sector Hopes for 2021 comeback Amid Dark Covid Cloud
February 11, 2021 02:04 AM AEDT| By Team Kalkine MediaSource: insta_photos, Shutterstock Summary More and more people buying daily essentials directly from stores as restrictions ease Stocks of consumer staples and durables see impressive gains Trend likely to continue as the pandemic situa...
Why are the UK finance tax receipts projected to drop this year?
February 10, 2021 06:59 PM AEDT| By Team Kalkine MediaA report released by the City of London Corporation has stated that the amount of tax contribution from the British financial sector for 2020-21 is uncertain due to the double blow of the pandemic and Britain’s exit from the Europea.....
Huawei Moves Court against US Designation as National Security Threat
February 10, 2021 02:59 AM AEDT| By Team Kalkine MediaSource:Worchi Zingkhai, Shutterstock Summary Huawei files lawsuit in US court to overturn national security threat designation. Company profits drop by 40 per cent following US ban. US officials accuse Huawei of spying, stealing sensitive tec...
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Corporate Canada Has Cash To Spend But COVID Is A Dampener: Report
February 09, 2021 09:36 PM AEDT| By Team Kalkine MediaBig Canadian companies have amassed large sums of money but will not spend soon because of the ongoing economic uncertainty due to the COVID-19 pandemic, say analysts at the Bank of Montreal. Many corporate houses were facing extreme challenges to.....
RBNZ reinstates lending restrictions to resolve NZ housing crisis
February 09, 2021 08:18 PM AEDT| By Team Kalkine MediaNew Zealand’s Central Bank (RBNZ) has finally intervened to find a solution to the housing market crisis. RBNZ decided to reimpose mortgage lending restrictions of pre-COVID-19 levels from March 1 and tighten them further from May 2021. This.....
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