AUS
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Economy
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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.....
RICS Survey Reveals Rise in Empty Shops and Office Spaces in the UK
January 28, 2021 09:17 PM AEDT| By Team Kalkine MediaThe coronavirus pandemic has indeed reshaped the economy and has also influenced people lives. The consequent lockdowns seem to have weighed down heavily on high-street retail shops. Even when the initial lockdowns were lifted, the high-street reta.....
Johnson visits Scotland to quell support for an independence vote
January 28, 2021 06:40 PM AEDT| By Team Kalkine MediaBritish Prime Minister Boris Johnson would visit Scotland today for confronting the increasing support for a referendum on independence from the United Kingdom. Scottish First Minister Nicola Sturgeon has questioned if his trip is an.....
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Queensland to lift restrictions, reopen the border to NSW from 1 February
January 28, 2021 02:55 PM AEDT| By Kunal SawhneyIt is great news for people travelling to Queensland as the government has announced the reopening of its border to New South Wales from 01 February 2021. In December 2020, the Queensland government had barred Greater Sydney residents from enterin.....
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Why export prices saw biggest rise since March 2017
January 28, 2021 01:47 PM AEDT| By Team Kalkine MediaAmid strong demand in iron ore prices, the Australian export prices recorded the highest spike since the March quarter of 2017. The export price index surged 5.5 per cent in the December quarter 2020 and 0.3 per cent through the year, the data by t.....
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Auckland’s average Housing rent expected to crack $600 per week
January 28, 2021 12:56 PM AEDT| By Mark O'DonnellAccording to latest report, the average Auckland rent increased to $595 per week in December 2020. This represents a 2.1% increase on the average rent a year prior, or an extra $12 a week. Rent freeze comes to an end The government initiated a re.....
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NAB Business Survey reports dip in Business Confidence
January 28, 2021 12:05 PM AEDT| By Hina ChowdharyThe monthly business report published by NAB shows an increase in business conditions during December 2020. Business conditions reached 14 pts, the highest level since late 2018, marking four continuous months of increase. However, the same was no.....
Brexit rules prompt Amazon to restrict alcohol sale in Northern Ireland: Report
January 28, 2021 02:18 AM AEDT| By Kunal SawhneyUK-based broadcaster ITV PLC (LON: ITV) reported that US multinational company Amazon has stopped the sale of beers, wines, and spirits in Northern Ireland because of the new Brexi.....
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