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Economy
Reasons and forecasts of Australian economy’s recovery
January 03, 2021 12:14 AM AEDT| By Kunal SawhneyThe government projections for the fiscal year 2020-21 have shown that the economy is bouncing back. The mid-year economic and fiscal outlook presented a real GDP growth forecast of 2.75% for 2021. This forecast is higher by 0.5 pt from the forecas.....
UK Government Issues Warning for New Year's Eve, Asks People to Remain Indoors
January 01, 2021 03:34 AM AEDT| By Team Kalkine Media‘The Boris Johnson government has asked everyone in England to stay indoors on New Year’s Eve in a bid to avoid spreading the virus. On Wednesday, UK health secretary Matt Hancock announced that another 20 million people would join 24 m.....
Canada’s Year Of Economic Recession & Rebound In 2020
December 31, 2020 11:09 PM AEDT| By Team Kalkine MediaA few months into the pandemic, Canada was staring into the dark alley of economic recession, at levels not witnessed since the Great Depression of 1930s. In its fall economic statement, the country projected a fiscal deficit of C$ 381.6 billion, nea...
How 2020 Panned Out for Interest Rate Scenario Across Major Economies?
December 31, 2020 07:36 PM AEDT| By Team Kalkine MediaCentral banks across the globe have resorted to low interest rates to stimulate economies suffering from a recession amidst the pandemic. Many countries have lowered their interest rates to never-before-seen levels, close to 0% in most cases. Sinc.....
UK Parliament approves the Brexit trade deal
December 31, 2020 07:17 PM AEDT| By Hina ChowdharyBritish prime minister’s trade deal with the European Union was approved by the UK Parliament last night, making it a law, just a day short of the expiry of the Brexit transition deadline. Both the sides will be looking forward to a n.....
How does a stimulus boost an economy?
December 31, 2020 11:35 AM AEDT| By Team Kalkine MediaAn economic stimulus refers to the action wherein a government provides a package to the consumers by utilising different policies. A stimulus includes both monetary and fiscal policy measures. The purpose of a stimulus is to provide a boost to the e...
UK House Prices Continue to Rise in December
December 31, 2020 12:27 AM AEDT| By Team Kalkine MediaThe year 2020 has been a tough one for the economy for most sectors across all the countries. But some sectors did well as compared to others. If we talk about the UK in particular, despite all odds, the housing sector fared well in comparison with.....
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Brexit deal approved by the EU governments, UK votes on it today
December 30, 2020 06:24 PM AEDT| By Team Kalkine MediaEU, the 27-nation economic block has approved the post-Brexit trade deal with the UK, which will allow it to be provisionally applicable from January 1, informed Heiko Maas, the foreign minister of Germany. The country presently holds the rotating .....
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How Central Banks Changed the Course of 2020?
December 30, 2020 04:03 PM AEDT| By Team Kalkine MediaCentral banks across the globe have constantly been innovating and finding new solutions to combat the economic strain caused by pandemic. Amidst the uncertainty attached to the coronavirus and the lack of complete knowledge about the same, policy .....
5 Sectors That Outshone In 2020
December 29, 2020 09:34 PM AEDT| By Kunal SawhneyYear 2020 will go down in history for the COVID-19 pandemic and the havoc it wreaked around the world. Global lockdown, international trade suspension, disrupted productions, drop in demand of goods and services, etc. saw many industries ne.....
Brexit Trade Deal: What Are the New Terms and Tariffs
December 29, 2020 09:29 PM AEDT| By Team Kalkine MediaThe UK and the EU have finally reached an agreement on trade governance worth £650 billion after prolonged negotiations for over nine months. The much-awaited Brexit deal announcement came on Christmas eve as both sides were relieved to annou.....
Brexit trade deal: What still remains unresolved between the UK and EU
December 29, 2020 07:29 PM AEDT| By Kunal SawhneyBrits received their Christmas gift on 24 December when the United Kingdom and the European Union struck a provisional free trade agreement to ensure trading of goods without tariffs or quotas ending months of disagreements over fishing rights and .....
Brexit: Bumpy road ahead as Britain adjusts to new EU rules
December 29, 2020 07:25 PM AEDT| By Kunal SawhneyMichael Gove, the government minister said that the UK businesses could face a bouncy period in the short-term as they come to terms with the new rules of the European Union. As the Brexit transition period expires on December 31, there would be pr.....
Deadline looms for superannuation early release scheme
December 29, 2020 03:02 PM AEDT| By Team Kalkine MediaSuperannuation early release scheme is set to end on 31 December 2020. The scheme was introduced in March after job losses soared in the wake of nationwide lockdown. Australians who were left financially-impaired, approached their super prov.....
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NZ welcomes UK-EU trade deal, meat exporters left unhappy
December 29, 2020 02:12 PM AEDT| By Team Kalkine MediaNZ government has welcomed the EU and Britain on the Brexit deal’s conclusion on 25 December. The EU and the UK have reached a free trade deal post-Brexit with both of them developing 2 distinct markets and putting an end to the free movement.....
Deferred Mortgages a cause of worry in NZ as arrears mount
December 27, 2020 12:18 AM AEDT| By Kunal SawhneyMortgage arrears have been on a rise in NZ as thousands of Kiwis are running behind on mortgage payments. This trend is a result of the fact that the Reserve Bank of New Zealand allowed retail banks to defer mortgage payments for customers, who wer.....
Australian government throws its weight behind the mining industry
December 26, 2020 12:59 AM AEDT| By Hina ChowdharyThe Australian government has taken a series of steps to reinvigorate the mining industry from the abyss of pandemic-induced downturn. Overall, there are more than 106 mining projects in advance stages of development within Australia and have.....
Tier update: List of Areas in England Moving to Higher Tiers from 26 December (Boxing Day)
December 25, 2020 07:39 AM AEDT| By Team Kalkine MediaThe unending worries around the coronavirus cases in England have soared to a new level, that too around the festivities of Christmas and Boxing Day when people are highly eager to travel and meet their relatives than any other time of the .....
UK and EU to Announce A Trade Deal on Christmas Eve
December 24, 2020 06:52 PM AEDT| By Kunal SawhneyThe UK and EU seem to have reached a suitable Brexit trade and security deal. It was reported that UK PM Boris Johnson held a late-night conference call with his Cabinet and senior ministers on the new Brexit deal. EU negotiators in Brussels have a.....
Alliance Group joins the wage subsidy repayment list
December 24, 2020 04:48 PM AEDT| By Team Kalkine MediaAlliance Group has announced to repay $34 million from the wage subsidy declared by the NZ government in early 2020. Alliance Group Limited is a prominent food business operated by professional and dedicated Kiwi farmers who grow natural lamb, bee.....
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