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Economy
UK Retail Sales Decline by 3.8 Per Cent in November Due to Lockdown, Restrictions
December 19, 2020 01:09 AM AEDT| By Hina ChowdharyThe UK’s retail sales plunged by 3.8 per cent in November in comparison with October as several stores remain closed due to the second lockdown and restrictions imposed due to the surge in coronavirus cases. The Office for National Statistic.....
UK consumer confidence jumps with the Covid-19 vaccination program
December 18, 2020 10:18 PM AEDT| By Kunal SawhneyConsumer confidence in the UK has increased modestly in December as the economic situation looks progressive on the back of the start of the Covid-19 vaccination programme in the country. The Consumer Confidence Barometer rose by seven poin.....
What is driving Sydney’s luxury housing market?
December 18, 2020 06:45 PM AEDT| By Team Kalkine MediaAustralian property market is seeing a strong revival after remaining under stress in 2020 due to the coronavirus pandemic. With national home values rising 0.4 per cent in October and 0.8 per cent in November, Australia’s luxury housing mark.....
COVID-19 impact: Weekly payroll jobs fall, accommodation and food services worst hit
December 18, 2020 04:54 PM AEDT| By Team Kalkine MediaA fall of 2 percent was seen in payroll jobs between the week that ended 14 March 2020 and the week ended 28 November this year. Coronavirus pandemic began around the same time in March 2020. However, the payroll jobs surged 0.4 percent as against .....
RBA welcomes two new women members to the Board
December 18, 2020 01:40 PM AEDT| By Team Kalkine MediaThe Federal Government has appointed two new members on the Reserve Bank of Australia Board each for a period of five years. Image source: Megapixl Treasurer Josh Frydenberg made the announcement regarding the appointments on Thursday. Ms Aliso.....
Climate Change Goal Discussed at ANZ AGM, Transition Planning Disclosure Gets ~ 29% Votes
December 18, 2020 01:18 PM AEDT| By Team Kalkine MediaAustralian and New Zealand Banking Group Limited (ASX:ANZ) has finally concluded its 2020 annual general meeting with 28.74 per cent shareholders voting in favour of transition planning disclosure. The transactional planning disclosure requires the C...
Trudeau Govt’s Plans To Make Canada Top Hydrogen Producer Released
December 18, 2020 03:19 AM AEDT| By Team Kalkine MediaCanada’s Natural Resources Minister Seamus O’Regan has just launched an “ambitious framework” which aims at making the country a top hydrogen producer in the world. The plan, called ‘Hydrogen Strategy for Canada’.....
House Prices in the UK Reach Record High in October
December 18, 2020 01:12 AM AEDT| By Hina ChowdharyThe house prices in the United Kingdom have hit a record high in 2020, according to the latest ONS data. The prices have risen by 5.4 per cent, reaching an average of £245,000 in October, which is highest since October 2016. The stamp duty s.....
UK and US in talks over a trade deal
December 17, 2020 06:57 PM AEDT| By Hina ChowdharyRobert Lighthizer, US trade representative said that the UK and the US are in talks to lower tariffs and work out a mini-trade deal. The deal is likely to see Britain lower tariffs over subsidy for aerospace businesses. America also wants i.....
ACCC sues Facebook, alleges VPN app misled users
December 17, 2020 04:57 PM AEDT| By Team Kalkine MediaThe Australian Competition and Consumer Commission (ACCC) has sued Facebook for collecting user data without their permission and knowledge. The competition regulator found a mismatch between how Facebook promoted its Onavo Protect app and how it .....
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Rise in deposits, residential assets boost household wealth to record high
December 17, 2020 03:11 PM AEDT| By Hina ChowdharyUptick in residential assets, deposits and superannuation balances pushed household wealth growth to record high in the September quarter. Total household wealth surged by 1.7 per cent to a record high of A$11,351 billion, according to the data rel.....
NZ’s quick response to the Pandemic results in 14% GDP gain in Q3
December 17, 2020 01:00 PM AEDT| By Hina ChowdharyEconomic activity in NZ rebounded with GDP rising 14% in the September quarter, recuperating from lockdown in March/April that resulted in the closure of several businesses and halting activity altogether. The gain in the September quarter came af.....
Is Canada Heading For Economic Difficulties In 2021? Macklem Explains
December 16, 2020 10:16 PM AEDT| By Team Kalkine MediaThe Canadian economy could post another decline due to the second wave of the coronavirus cases, Bank of Canada (BoC) governor Tiff Macklem noted in his last speech on 2020 on Tuesday, December 15. Mr Macklem, in his virtual address to the Vancouv.....
Brexit effect: Facebook to shift UK users to California agreements
December 16, 2020 08:27 PM AEDT| By Team Kalkine MediaThere are a lot of changes happening as the Brexit transition deadline comes to an end on 31 December. Not only the arrangement of international trade is changing, the data and privacy policies are also supposed to witness modifications. With the t.....
Britishers Oppose Government’s Plan to Relax Covid-19 Restrictions During Christmas
December 16, 2020 07:38 PM AEDT| By Hina ChowdharyAs Christmas is just a few days away, people in the UK are not much fervent about the festive season considering the rising coronavirus cases across the country. In response to the government’s plan of relaxing coronavirus restrictions for f.....
Australia’s Energy Account: Wind beats hydro for first time in energy supply
December 16, 2020 05:45 PM AEDT| By Hina ChowdharyWith solar and wind energy showing robust growth, supply of renewable energy used for electricity prediction is found to show an increase during 2018-19, according to latest ABS update. For the first time on record, wind energy surpassed hydro ene.....
PM Boris Johnson To Visit India In January In A Bid to Boost Jobs and Investment
December 16, 2020 05:18 PM AEDT| By Team Kalkine MediaUK Prime Minister Boris Johnson will be travelling to India in a move that is intended to buttress the strategic relationship, boosting job prospects and investment with India. This will be Johnson’s first bilateral visit to India after resum.....
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Not up to the mark: Australian businesses facing quality crunch
December 16, 2020 03:52 PM AEDT| By Hina ChowdharyEven as businesses plan to ratchet up hiring over the coming three months, finding suitable workers for jobs has become a struggle. One in five Australian businesses said that they were facing challenges while finding qualified employees as the eco.....
New Zealand’s September current account deficit relative to GDP at a low ebb in ~2 decades
December 16, 2020 01:27 PM AEDT| By Hina ChowdharyThe current account deficit for NZ dwindled to the lowest level since 2001, in the year to September due to lower imports coming in New Zealand in 2020. As per Stats NZ, seasonally adjusted current account deficit stood at $0.4 billion in the Sept.....
UK’s Unemployment Climbs To 4.9% In October Quarter, Hospitality Sector Worst Hit
December 16, 2020 03:11 AM AEDT| By Hina ChowdharyThe official figures have reported that UK companies had 819,000 fewer workers on their payrolls in November than at the start of the pandemic. The figures of UK unemployment till the month of October have been published by the Office of National S.....
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