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Economy
Economic Charter: Australia's Current Account and House Approvals Data Out
December 01, 2020 04:31 PM AEDT| By Kunal SawhneyAustralia’s current account surplus (seasonally adjusted) in the September quarter fell 39 per cent to A$10.0 billion, on account of lower goods and services surplus, according to the latest data from Australian Bureau of Statistics (ABS). Th.....
Missed Black Friday Sale? Here are Cyber Monday Deals 2020 in the UK
December 01, 2020 12:00 AM AEDT| By Team Kalkine MediaThe Black Friday is the Friday after Thanksgiving Day, but if by chance you miss shopping on that day, Cyber Monday falls on the following Monday and showcases mostly tech-related deals. The tradition of Cyber Monday has its roots in the United State...
Tighter Tier System: How Will It Affect the Hospitality Sector
November 30, 2020 09:36 PM AEDT| By Kunal SawhneyThe UK government has decided to implement a tighter tier system from this week after the second lockdown gets over on 2 December. The new tier system, which will be in place from 3 December, is being introduced as the risk of a sudden spike still ex...
New Zealand Housing Prices continues to Soar
November 30, 2020 08:32 PM AEDT| By Team Kalkine MediaThe latest survey conducted by ASB Bank Housing Confidence revealed that the market is currently on a new high in terms of housing prices. Mike Jones, senior economist from ASB revealed that after a short-term fall during the lockdown, the anticip.....
Is the decline in JobKeeper aid receivers a signal for the Australian economy’s recovery?
November 30, 2020 07:54 PM AEDT| By Edita IvancevicTreasurer Josh Frydenberg announced that more than two million Australians have stopped receiving the JobKeeper subsidy in less than two months. Ever since the NSW government reduced the overall JobKeeper payment in September, the number of recipi.....
Australia’s Gold & Battery metals shine brighter despite COVID scourge
November 30, 2020 05:43 PM AEDT| By Hina ChowdharyWhile the pandemic adversely affected the global economic scenario and the commodity markets, it acted as an unexpected catalyst for both gold and battery metals sectors. The rising call for clean energy has brought renewable energy and electric mo.....
What are business indicators reflecting for the Q3 for the Australian economy?
November 30, 2020 05:37 PM AEDT| By Kunal SawhneyData on Australia’s third quarter GDP is scheduled to be released on Wednesday, 2nd December 2020. The numbers would be closely watched as the gross domestic product (GDP) contracted 7 per cent in the June quarter when coronavirus related cur.....
Northern Territory welcomes first international students in eight months
November 30, 2020 04:16 PM AEDT| By Edita IvancevicNorthern Territory became the first Australian state to welcome the first batch of international students. A flight from Singapore transported 63 individuals from all over Asia – China, Japan, Hong Kong, Indonesia, and Vietnam. The students.....
Australian lobster industry in troubled waters after Chinese restrictions
November 30, 2020 03:32 PM AEDT| By Edita IvancevicThe China-Australia trade war has inflamed drastically over the past few months, adding the lobster industry to the pile of businesses in danger. Earlier this month, large amounts of shellfish were stuck at the Chinese airports, souring the alread.....
Australia’s Economic Charter: Any Emerging Green Shoots?
November 30, 2020 12:22 AM AEDT| By Team Kalkine MediaWith COVID-19 pandemic under control, the Australian economy is actively proceeding on the path of economic recovery. While the economy is not out of the woods yet, several green shoots are sprouting in the nation’s economy, stimulating hopes.....
How the pandemic has affected the market research industry in the UK
November 29, 2020 02:58 PM AEDT| By Kunal SawhneyThe UK market research industry has had a very difficult year due to the sudden outbreak of Covid-19 and subsequent lockdown. Most industries, which witnessed a slump in their revenue levels, had reduced their non-essential spending, and that is th.....
Will Australia EV industry put the pedal to the metal by 2021?
November 29, 2020 12:00 AM AEDT| By Team Kalkine MediaConventional fuel-based vehicles have been hurting the environment for decades as they contain harmful exhaust emissions. Due to rising air pollution and earth’s atmospheric temperature, a pool of experts has suggested some strict measures to.....
UK To Distribute Free Vitamin D Pills To 2.5 Million Vulnerable People
November 28, 2020 09:36 PM AEDT| By Team Kalkine MediaThe British government has decided to provide free Vitamin D supplements to nearly 2.5 million of the most vulnerable people in the country, especially the old and the dark-skinned people. The health risk to these people has increased this year bec.....
UK and EU to resume trade talks in London
November 28, 2020 08:22 PM AEDT| By Kunal SawhneyBritain and the European Union will be resuming face to face trade talks in London today, as confirmed by David Frost, chief Brexit negotiator for the UK. Frost said that he looked forward to welcoming Michel Barnier, chief negotiator, EU. The confir...
How Is BoC's Bond Buying Program Helping the Economy?
November 28, 2020 06:07 PM AEDT| By Team Kalkine MediaBuying bonds from the government is helping Bank of Canada maintain a low borrowing cost in the country, Bank of Canada Governor Tiff Macklem said at a recent event. Mr Macklem, in a statement before the House of Commons’ finance standing co.....
How A Delay in Brexit Decision Is Going to Impact UK Financial Services
November 28, 2020 03:14 AM AEDT| By Team Kalkine MediaThe ongoing transition process of Brexit, where the UK is all set to exit the European Union (EU) on 31 December, surrounds a wide range of business affairs that are required to be dealt with priority as the deadline is just a month away. The Boris J...
Canada's Payroll Employment Up 2% in September: What More Does Latest Report Show?
November 28, 2020 12:14 AM AEDT| By Kunal SawhneyA recent study by Statistics Canada has shown that Canada’s payroll employment grew by 337,500, or 2.2 per cent, in the month of September as the lockdown restrictions eased and the economy continued to reopen in phases. However, the st.....
Royal Bank of Scotland Warns Online Selling Scams Could Peak on Black Friday
November 27, 2020 08:47 PM AEDT| By Team Kalkine MediaWith the increase in online commerce in the last few months of pandemic, the frauds and scams are on the rise in the country. Several banks have been receiving complaints from their customers that they have bought and pre-paid for a product online .....
CMA To Restrict Powers of US Tech Giants Google and Facebook in the UK
November 27, 2020 07:01 PM AEDT| By Hina ChowdharyIn a bid to bring a level playing field for smaller firms and curb the unfair market for consumers, the UK is going to impose a new competition regime in 2021 that will restrict the power of the tech giants such as Google and Facebook. The new cod.....
Vestas, Global Power Score A 328 MW Deal for 2 Wind Projects
November 27, 2020 06:59 PM AEDT| By Kunal SawhneyVestas has joined hands with Global Power Generation to sign a 328 MW deal for two wind projects in Victoria, Australia. Image Source: © Kalkine Group 2020 Vestas is the worldwide partner for energy industry on sustainable energy solutions.....
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