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Economy
Canada’s Real GDP Rises 0.4% In October
December 24, 2020 03:07 AM AEDT| By Hina ChowdharyCanada’s real gross domestic product (GDP) marginally improved for the sixth month in a row. It was up by 0.4 per cent in October, following a 0.8 per cent rise in September, as per the Statistics Canada report released on Wednesday. The...
Hopes of Post-Brexit Trade Deal Are Rising: UK Cabinet Minister
December 24, 2020 02:30 AM AEDT| By Kunal SawhneyThe UK government is keen on negotiating with the European Union for a free trade agreement and simultaneously has been managing the severe Covid-19 pandemic which has severely disrupted the economy. The Brexit deal has taken a backseat due to the.....
NHS asks Johnson to extend the Brexit transition period
December 23, 2020 10:27 PM AEDT| By Team Kalkine MediaThe National Health Service has requested the prime minister Boris Johnson to extend the Brexit transition period by 30 days. The health body feared that a no-deal situation could risk the patient health during the coronavirus crisis. The B.....
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Ahead of Brexit, Canada & UK Agree To Temporary Trade Deal
December 23, 2020 07:21 PM AEDT| By Team Kalkine MediaAhead of the impending Brexit, Canada and the United Kingdom have agreed not to raise trade tariffs. The two nations will continue trade under current Canada-European Union Comprehensive Economic and Trade Agreement (CETA) terms, till the new Canad.....
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Residential property market sees a significant surge in New Zealand
December 23, 2020 04:46 PM AEDT| By Team Kalkine MediaKiwis have rerouted their funds into buying property, which they, otherwise, would have spent on overseas travel. The annual review of the Real Estate Institute of New Zealand (REINZ) showed that Kiwis spent about $12 billion more on buying houses i...
Canada's Employment Rose At Slower Rate in October, Earnings Up 6% YoY
December 23, 2020 03:33 AM AEDT| By Team Kalkine MediaAfter a surge of 2.2 per cent in September, Canada noted a 1.2 per cent month-over-month growth in its payroll employment in October, Statistics Canada said on Tuesday, December 22. The national data agency quoted the results from October&r.....
Deutsche Post DHL Stops Deliveries to The UK and Ireland
December 22, 2020 08:30 PM AEDT| By Hina ChowdharyGermany-based world’s largest logistics firm Deutsche Post DHL has ceased the deliveries in and out of Ireland after the flights and freight were suspended due to fears of the new coronavirus strain. Amid the growing fears of the virus sprea.....
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Ontario To Go Under Lockdown from Boxing Day: What Happens To Businesses?
December 22, 2020 07:50 PM AEDT| By Team Kalkine MediaAfter Canada wraps up Christmas celebrations, Ontario will be going under complete lockdown from Boxing Day (December 28) onwards in an attempt to pull the reigns on the rapid spread of COVID-19. The northern part of the province will reportedly re.....
New Covid strain: UK economy to slow down further
December 22, 2020 07:25 PM AEDT| By Team Kalkine MediaTighter restrictions at various places in the country for a longer period to contain the spread of the new virus strain would imply that the prospects for the UK economy in the next year are bleaker than earlier estimated. The deteriorating.....
Lloyds Bank Survey: UK Business Morale Jumps by Most in Over 4 Years
December 21, 2020 11:56 PM AEDT| By Kunal SawhneyThe UK, like many other nations, has underpinned the hopes on potential Covid-19 vaccines and expect them to play a vital role in helping the country come out of recession by shaping the economic recovery in the near future. FTSE 100 listed banking.....
International Flights Halted To and From UK: Full List
December 21, 2020 11:50 PM AEDT| By Hina ChowdharyWith the origination of the new strain of the Covid-19 (SARS-CoV-2) in the United Kingdom, most of the nations with scheduled departures and arrivals of the flights from the nation have cancelled the operations with immediate effect. This time the ad...
Voting today on the US Congress $900 billion package deal
December 21, 2020 07:22 PM AEDT| By Hina ChowdharyThe congress leaders agreed upon a Covid-19 aid package deal yesterday to fight with the surging coronavirus cases in the US. Votes are likely to take place today. The $900 billion (£660 billion) aid is the second largest economic stimulus in.....
As 2020 Nears An End, What Are Emerging Signs Of Economic Recovery In Australia?
December 21, 2020 06:33 PM AEDT| By Kunal SawhneyThe Australian economy has been on its recovery path since the September 2020 quarter. Notably, statistics continue to improve with time. Current statistical releases by the ABS reveal figures that were far better than expectations, making the case.....
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Electricity Price set to fall says AEMC
December 21, 2020 04:39 PM AEDT| By Kunal SawhneyThanks to the penetration of solar rooftop panels and its integration into the national grid system, the average household electricity bills are estimated to decline going forward. Apart from better integration and accessibility provided by renewable...
COVID-19 impact: Passenger vehicle use plummets, road freight grows
December 21, 2020 02:33 PM AEDT| By Hina ChowdharyAustralia saw a sharp fall in the usage of passenger vehicles in 2020, courtesy coronavirus pandemic and natural disasters such as floods, bushfires, among others. The average distance travelled by passenger vehicles in Australia declined to 11,100.....
How COVID-19 Pandemic May Alter The Way Canadian Cities Functions
December 20, 2020 05:51 PM AEDT| By Team Kalkine MediaThe COVID-19 pandemic has kinked the way our normal lives function. People around the world went from going to work to working from home, shopping online and relying on a homebody economy to maintain the social distancing protocols. While so.....
Brexit talks enter the penultimate fortnight period, fishing rights still the key issue
December 20, 2020 05:54 AM AEDT| By Kunal SawhneyNegotiations between the UK and the EU have entered the final phase to clinch a favourable post-Brexit trade deal before 31 December, where fishing rights in British waters for EU members remains the most important issue. UK Prime Minister .....
British public spend on furlough rises to £46.4 billion
December 20, 2020 05:51 AM AEDT| By Hina ChowdharyRecent government data has revealed that the British public spending on furloughing private sector employees reached a total value of £46.4 billion ($63.0 billion) on 13 December, up from £43.0 billion in the previous month. The scheme.....
Did the COVID-19 wage subsidy fail to fulfil its desired purpose?
December 19, 2020 05:06 PM AEDT| By Team Kalkine MediaNearly $14 billion was paid out under NZ’s wage subsidy scheme that supported millions of jobs around the country during lockdown when businesses had to shut down. However, the wage subsidy costs were the single largest line item in term...
Canada’s Retail Sales Rise For 6th Month In Row, Up 0.4% In October
December 19, 2020 03:49 AM AEDT| By Kunal SawhneyCanada’s retail sales surged for the sixth month in a row in October, up by 0.4 per cent to C$ 54.6 billion, reported Statistics Canada on Friday, December 18. The sales growth, the report noted, was driven by motor vehicle and parts dealers......
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