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Economy
What does Big Housing Build mean for Victorians?
November 18, 2020 05:56 PM AEDT| By Edita IvancevicIt has been a tough year for Victorians. Having spent months within the confines of their homes in one of the world’s strictest lockdowns, people of Victoria can finally enjoy their much-coveted freedom. However, freedom was not the most imp.....
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New Zealand likely to face grocery shortage; Labour government investigates
November 18, 2020 01:57 PM AEDT| By Hina ChowdharyAs the country navigates through COVID-19 outbreak, New Zealand is now facing another big problem. This time it is about the shortage of food supply nationally. Food and Grocery Council chief executive Katherine Rich has warned the country that the.....
Asia Pacific countries form the world’s largest trade alliance
November 17, 2020 08:47 PM AEDT| By Kunal SawhneyFifteen countries in the Asia-Pacific region have joined hands in the largest free-trade bloc ever witnessed in history. This comes after 8 years of negotiation and deliberation. The member countries include 10 ASEAN members: Brunei-Darussalam, Cam.....
What has been the impact of the new restrictions on the UK economy?
November 17, 2020 04:34 PM AEDT| By Team Kalkine MediaAccording to media reports, the latest Covid-19 restrictions are impacting the British economy less severely than the first lockdown imposed in spring. The reason cited is that the second lockdown rules are not as restrictive as the earlier ones, a.....
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Has NZ housing market reached new heights?
November 17, 2020 04:20 PM AEDT| By Team Kalkine MediaLockdown is giving New Zealanders more time to think about their living situation and look for a potential property. As per the latest Trade Me Property data, Kiwis are climbing up the property ladder and are achieving new peaks. Property prices h.....
AGL Energy (ASX:AGL) Beefs up Battery Plan to Increase Grid Reliability Across NEM
November 17, 2020 02:50 PM AEDT| By Team Kalkine MediaAGL Energy Limited (ASX:AGL) has unveiled plans to develop a giant grid-scale battery in Adelaide, South Australia. The grid-scale battery would compete with fossil fuels to support renewable source generation from solar and wind. The announcement .....
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RBNZ plans to increase stimulus, but questions develop around negative rates
November 17, 2020 02:14 PM AEDT| By Team Kalkine MediaRBNZ retained the OCR at 0.25% and quantitative easing program unchanged, in the latest monetary policy meeting. The Monetary Policy Committee (MPC) agreed on offering additional monetary stimulus to the economy to meet its CPI and employment remit.....
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$25 per seat; Jetstar New Zealand offering a mega sale on select flights
November 17, 2020 02:07 PM AEDT| By Team Kalkine MediaAustralian low-cost airline Jetstar announced bumper sales on thousands of seats on its main domestic routes in New Zealand. The seats are priced as low as NZ$25 for one-way airfares on routes including Auckland to Christchurch. The carrier said th.....
How Brexit Can Help the UK’s Thriving Technology Sector Sail Further
November 17, 2020 02:07 PM AEDT| By Hina ChowdharyThe business won’t be as usual in the UK from January 2021. Brexit will bring various structural and operational changes to many industries and businesses in the wake of a no-deal Brexit scenario. Among other sectors, the UK’s tech sec.....
RBA says Low interest ‘gravitational pull’ forced it to embrace QE
November 17, 2020 12:57 PM AEDT| By Team Kalkine MediaEarlier this month, Pfizer gave hope to the world in terms of a medical breakthrough via a vaccine. Now Moderna has also said that its vaccine showed over 90% efficacy. Both vaccines are based on messenger RNA (mRNA) technology. Image Source: &c.....
Can Alberta Be Canada’s Dream Hydrogen Energy Hub?
November 17, 2020 12:03 PM AEDT| By Team Kalkine MediaRenewable power is the next big thing in the agenda for many major economies around the world, including Canada. According to the Natural Resources Canada (NRCan), the country currently gets around 16 per cent of its major energy supply fro.....
UK PM Boris Johnson Self-Isolating After Possible Coronavirus Exposure
November 16, 2020 09:03 PM AEDT| By Team Kalkine MediaUK Prime Minister Boris Johnson got into self-isolation on Sunday night after he came into contact with a parliamentarian who tested positive for COVID-19 infection. According to a statement issued by the 10 Downing Street, Johnson did not show any.....
NSW unemployment likely to hit unforeseen levels seen in the last 20 Years
November 16, 2020 02:45 PM AEDT| By Kunal SawhneyThe Australian unemployment rate was set to reach the 10% mark in December, as predicted before. However, amid pandemic relief measures taken by the central bank, the unemployment forecast for the month of December has improved to 8%. However, Ne...
Ipsos Survey reveals Australia’s most liveable city
November 15, 2020 12:45 AM AEDT| By Hina ChowdharyIn Ipsos Life in Australia 2020 survey, Central and Hills areas have emerged as the most liveable metropolitan locations of Australia. Adelaide has gained the top spot as the most liveable city and was the only metropolitan location in Australia th.....
COVID-19 juggernaut jolts the fashion industry, big names in hot water
November 15, 2020 12:40 AM AEDT| By Kunal SawhneyMany Australian brands are joining the couture and focusing on creating a name globally. With pandemic hitting the fashion industry hard, many firms sought to adapt to the changing times and added face masks to their ranges, but everyone wasn&rsquo.....
What Does BRC And Shoppertrak Data Indicate About the Present Situation of UK Retailers?
November 14, 2020 06:21 PM AEDT| By Kunal SawhneyThe second national lockdown seems to have weighed down heavily on the non-essential retailers. With over a million active coronavirus cases in UK, a second lockdown was inevitable. Lockdown 2.0 has led to a substantial decline of 75 per cent.....
What does Biden taking the throne mean for US-EU trade relations?
November 14, 2020 04:22 AM AEDT| By Hina ChowdharyWith Joe Biden elected as president of the United States, a lot is set to change, particularly in the trade sector. The harsh views maintained by the previous president Donald Trump with regards to international trade damaged the trade channels sev.....
Business secretary: Government has provided monetary aid worth £200 billion in last 8 months
November 13, 2020 12:52 PM AEDT| By Team Kalkine MediaWith the ongoing term of second lockdown in the United Kingdom, the fears of a strained business activity have been anticipated by most of the sectors. The reimposition of curbs on travel and hospitality along with other restrictions affecting vari.....
UK economy grew strongly in Q3 as lockdown measures eased
November 12, 2020 05:09 PM AEDT| By Team Kalkine MediaThe gross domestic product (GDP) for Britain grew at a record pace of 15.5 per cent for July to September 2020 quarter, reflecting a strong recovery after a record contraction of close to 20 per cent in the previous quarter of the year. In .....
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Reserve Bank tools to impact the NZ housing market
November 12, 2020 04:33 PM AEDT| By Team Kalkine MediaMedian house prices across New Zealand have surged 19.8% YoY, with the median now at $725,000 in October 2020 compared to $605,000 in the same month last year, as per Real Estate Institute of New Zealand (REINZ). The median house price in Auckland.....
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