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Economy
UK, Switzerland To Bolster Ties with A Financial Service Deal
January 27, 2021 08:24 PM AEDT| By Hina ChowdharyChancellor of the Exchequer Rishi Sunak is expected to hold talks with the Switzerland counterpart regarding the potential trade deal that is expected to bolster ties between the two countries in the financial services arena. As Britain quit the E.....
IMF downgrades UK economy’s forecast for 2021
January 27, 2021 06:48 PM AEDT| By Team Kalkine MediaThe International Monetary Fund has suggested that the UK economy will recover at a slower rate this year than what was predicted earlier. In its World Economic Outlook, it revised the nation’s growth forecast from 5.9 per cent.....
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Why Australia’s consumer prices climbed in December quarter
January 27, 2021 01:47 PM AEDT| By Hina ChowdharyThe consumer prices soared 0.9 per cent in the December quarter even as the Australian economy suffered the economic fallout from the COVID-19 pandemic in 2020. In the September quarter, inflation stood at 0.7 per cent. Image Source: Shutt.....
Biden eyes long-term gain over short-term pain from drilling freeze
January 27, 2021 02:15 AM AEDT| By Team Kalkine Media9 percent of the total Industry weighs legal options to reverse order President Joe Biden’s order to halt new oil and gas leasing on federal land will have a rippling effect on the industry but it is part of his larger plan to make the U....
Canadians Spent More On Shelter, Food & Beverages In 2020: Study
January 26, 2021 04:12 PM AEDT| By Hina ChowdharyA joint study by Statistics Canada, a Canadian government organization, and the Bank of Canada has shown that Canadians have spent more on shelter, home operations and equipment, health and personal care, and recreational beverages during t.....
Canada Frets As Biden Gears Up To Sign ‘Buy America’ Order
January 26, 2021 04:02 PM AEDT| By Kunal SawhneyCanada’s oil-dependent regions are already upset with new US President Joe Biden over Keystone XL’s demise. But the plans of an upcoming ‘Buy America’ order have left even more Canadian businesses worried. On the line...
Housing Market Set to Turn Bullish as Demand Skyrockets
January 26, 2021 02:29 AM AEDT| By Team Kalkine MediaThe Australian property market is expected to experience a surge in prices as demand for property has been heating up since December. The new home sales in Australia skyrocketed by 91.8% to 13,527 units over the period of one month in December 2020.....
MPs ask Bank of England to raise green standards for bond purchase
January 25, 2021 10:29 PM AEDT| By Team Kalkine MediaThe British Members of Parliament are pushing the Bank of England to realign its corporate bond portfolio with the global climate agreement. This should be done before the UN climate change summit is held in November, they insist. The MPs.....
Covid-19 Impact: London Transport Body Seeks Assistance for Two Years
January 25, 2021 08:26 PM AEDT| By Team Kalkine MediaThe pandemic and the consequent lockdowns have forced most of us to stay indoors. This has hit the mass transport systems hard and affected their profits. Andy Byford, the commissioner of Transport for London (TfL), expects the Crossrail to open mu.....
Graeme Hart made NZ$3.5 bn during pandemic, Oxfam study suggests wealth tax
January 25, 2021 07:00 PM AEDT| By Team Kalkine MediaThe fact that Graeme Hart, New Zealand’s richest man, made fortunes of NZ$ 3.5 billion during COVID-19 pandemic alone, the inequalities in the economic system were highlighted once again. This also brought forth the need for a wealth tax.&nbs.....
UK launches climate adaptation effort worldwide with partner nations
January 25, 2021 06:44 PM AEDT| By Team Kalkine MediaPM Boris Johnson has said that he will be launching a global climate adaptation initiative on Monday, under which it will be working along with Bangladesh, Egypt, the Netherlands, Saint Lucia, and Malawi for building r.....
What will be the impact of Brexit on NZ’s primary industry exporters?
January 24, 2021 06:27 PM AEDT| By Team Kalkine MediaThe United Kingdom (UK) broke off from the European Union completely on January 1, 2021. In the transition period between declaring breakaway from Brexit and actually exiting, there were months of arduous negotiations and certain conclusions were r.....
What Does CBI’s Call of More Help for Virus-Hit Companies Mean?
January 24, 2021 02:48 PM AEDT| By Kunal SawhneyUK business organisation Confederation of British Industry (CBI), consisting of nearly 190,000 businesses, fears that several thousands of small businesses could collapse and rupture the domestic economy because of uncertainties due to pandemic. Th.....
As Julie Payette Quits, Debate Over Canada’s Governor General Post Reignites
January 24, 2021 02:44 PM AEDT| By Kunal SawhneyCanadian Governor General Julie Payette submitted her resignation on Friday, January 22, amid a swirl of bullying and harassment accusations. Ms Payette, who is the representative of Queen Elizabeth II to Canada, steps down from her post while bein.....
1.3 Mn Canadians Collected EI Benefits in Nov 2020, 49% Of Them Women
January 24, 2021 02:28 PM AEDT| By Kunal SawhneyAbout 1.3 million Canadians received Employment Insurance (EI) benefits in the month of November 2020, a number that was down by 3.4 per cent from a record level of 1.4 million in October, reported Statistics Canada. A Labor Force Survey (LFS) fou.....
Why Australian house prices are set to soar 30% by 2023?
January 24, 2021 12:19 AM AEDT| By Kunal SawhneyThe lowest-ever interest rates might drive the house prices up by 30% during the upcoming three years, says Reserve Bank of Australia. Despite a recession triggered by COVID-19 in the ‘epic’ year of 2020, the rate of the houses surged 3....
Have Sunak’s policies been well-targeted?
January 23, 2021 11:58 PM AEDT| By Team Kalkine MediaThere is no denying that Rishi Sunak has been the most popular chancellor of the exchequer in the United Kingdom in the last many decades, primarily because of his big spending decisions. But we need to go back a bit in time to see if his p...
Clearance of New UK Coal Mine Leads to Controversy Within the Government
January 23, 2021 10:13 PM AEDT| By Kunal SawhneyA serious debate has erupted over the plans to open a new coal mine in the UK, which will be the first deep coal mine in 30 years. The Cumbria County Council had given a go-ahead to Woodhouse mine earlier this month. The MPs warned that the UK&rsqu.....
What Did Trudeau & Biden Discuss In First Official Call?
January 23, 2021 10:06 PM AEDT| By Team Kalkine MediaWith a backdrop of Canadian oil producers still fuming over the Keystone XL project cancelation, Prime Minister Justin Trudeau on Friday had his first official phone chat with new US President Joe Biden since he took office. Reports quoting official...
UK government borrowings record their highest level in December
January 23, 2021 07:27 PM AEDT| By Team Kalkine MediaThe latest figures posted by the Office for National Statistics reveal that the public sector net borrowing has hit a new record of £34.1 billion in December 2020. The monthly borrowing level is the highest for the month and third highest in any m...
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