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Economy
At E-Commerce Summit, Scott Morrison eyes a digital decade for Australia
October 21, 2020 05:25 PM AEDT| By Team Kalkine MediaPrime Minister Scott Morrison envisages Australia to be one of the world's leading digital economies in the next ten years. At the E-Commerce Summit at Parliament House in Canberra, he highlighted the adoption of digital technologies by businesses a...
Bank Of Canada Survey Shows Business Sentiment Is Better But Still Weak
October 20, 2020 10:44 PM AEDT| By Team Kalkine MediaBusiness sentiment has progressed in the light of COVID-19 restrictions being phased out, but remains weak in all provinces, said the Bank of Canada’s (BoC) 2020 Autumn Business Outlook Survey. Released on Monday, October 19, the autumn surve.....
90 per cent of the current workforce would need reskilling by 2030, says CBI
October 20, 2020 09:41 PM AEDT| By Hina ChowdharyThe Confederation of British Industry (CBI) has warned that Britain could face serious threat if it does not upskill its workforce as businesses need skilled talent to stay competitive. However, the working world is changing faster than pe.....
Coronavirus update: Manchester economy’s growth to suffer with tier-3 restrictions
October 20, 2020 09:38 PM AEDT| By Kunal SawhneySir Richard Leese, leader, Manchester city council has requested the UK government to come out with an effective shielding program for the region. There should be no blanket business closures as it would heavily cost the regional economy, h.....
Brexit: Industry Associations React on Boris Johnson’s New Walk Away Warning
October 20, 2020 09:00 PM AEDT| By Team Kalkine MediaThe deadlock over the negotiations about the Brexit trade deal between the UK and European Union (EU) appears to have no favourable end. Recently, PM Boris Johnson said that his government is fed up with the developments and responses and might jus.....
NZX Stocks Rejoice with the benchmark Index up ~5% in Oct as Jacinda wins the second term
October 19, 2020 08:04 PM AEDT| By Team Kalkine MediaNZX stocks have been rolling to record highs with the housing market flying into a boom mode as NZ had been preparing to go to polls. In New Zealand election 2020 on 17 October, the centre-left Labour party of Jacinda Ardern roared to a landmark e.....
Australia Gears up for Tourism 2.0: What’s Lies Ahead?
October 17, 2020 04:51 AM AEDT| By Team Kalkine MediaTourism plays a substantial role in Australia’s overall economy. The sector is a large contributor to GDP as well as employment. Right when the bushfires were receding from the headlines, progressive social distancing and travel restrictions.....
Unemployment Rate Goes North in September post Strong August Showing
October 16, 2020 05:59 PM AEDT| By Team Kalkine MediaEconomic analysts are pondering over the headline estimates of unemployment released by the Australian Bureau of Statistics. Australia’s unemployment rate grew 0.1% pnts to 6.9% in the month of September. According to ABS, 29,500 people.....
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Key Takeaways from Phillip Lowe’s stance on rate cuts and stimulus
October 16, 2020 02:25 PM AEDT| By Team Kalkine MediaRBA Governor Phillip Lowe hinted at the possibility of future rate cuts in his latest speech at Citi’s 12th Annual Australia and New Zealand Investment Conference in Sydney. Governor Lowe said that further aid is needed in order to promote mo.....
Zoom Your Lens Over Bright Spots Dazzling in the NZ Economy
October 15, 2020 04:19 PM AEDT| By Team Kalkine MediaWhile Kiwi Land observed its worst economic contraction in June 2020 quarter amidst COVID-19-driven repercussions, the nation’s economy appears to be gradually resurrecting from the technical recession. NZ’s dedicated response in contai.....
Heartland Bank Creates History by launching NZ's lowest Home Loan rate
October 15, 2020 04:55 AM AEDT| By Team Kalkine MediaCoronavirus outbreak has caused mortgage rates in NZ to drop to all-time lows. Major banks are announcing low interest rates to boost up the economy and prompt Kiwis to spend more. Mortgage rates have been dropping since April and have now fallen .....
Bank of England Ensuring Preparedness of Banks for A Negative Interest Rate Regime
October 14, 2020 01:41 PM AEDT| By Team Kalkine MediaUnited Kingdom’s apex bank, the Bank of England (BoE) has been leaving no stone unturned to resurrect nation’s economy. The bank had already pushed interest rates near zero during the peak of unprecedented crisis. The Bank of England ha.....
UK’s Borrowing May Climb To £350 Billion, A Never-Before-Seen Level in Centuries
October 13, 2020 04:40 PM AEDT| By Team Kalkine MediaThe concerns around the rising debt pile have increased to an alarming level with the World Bank raising eyebrows on the quantum of public debt owed by the poorest countries. Amid the tightened business activity due to the coronavirus pande.....
UK unemployment rate at a three-year high
October 13, 2020 04:20 PM AEDT| By Hina ChowdharyThe unemployment rate in Britain has shot up sharply by 0.4 per cent, from 4.1 per cent (May to July 2020) to 4.5 per cent (June to August 2020). This is the highest rate for joblessness observed in the nation since the year 2017. Close to .....
The United Kingdom All Braced Up to Deal with The Second Wave of COVID- 19
October 13, 2020 04:10 PM AEDT| By Kunal SawhneyThe fears of the COVID- 19 pandemics making a resurgence in the United Kingdom may be coming true. The infection rate across the country has been rising, and Scotland and several other localities in the country are already in lockdown. It had been.....
Air New Zealand (NZX:AIR) offers flights under $60; Airlines Go aggressive to sell seats
October 13, 2020 04:00 PM AEDT| By Team Kalkine MediaIt's not often you hear about airlines offering massive sales these days. After many months, now that New Zealand is cautiously getting back on its feet, airlines have spruced up their sales tactics to cope up from the losses they suffered during t.....
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October Financial Stability Review: Banks Performing Better Than 2008 GFC
October 12, 2020 05:28 PM AEDT| By Team Kalkine MediaRecovering from the after-effects of a pandemic requires robust measures in all sectors. With international borders shut for months now, Australia has seen a demand shock coupled with an unparalleled unemployment rate. The economic contraction obse.....
Rishi Sunak offers help to check job losses as the economic recovery tapers off in August
October 11, 2020 03:28 AM AEDT| By Team Kalkine MediaBritain’s economic output grew at a feeble pace of 2.2 per cent in August 2020 as compared to an almost triple growth rate of 6.4 per cent observed during the previous month of July 2020, according to the latest estimates from the Office for .....
How is the negative interest rate prospect panning out for Australia?
October 11, 2020 01:46 AM AEDT| By Kunal SawhneyThe debate on whether negative interest rates can lead the economy to an upward leading cusp has taken an impetus in times of a pandemic. RBA has shown intermittent interest in maintaining a negative interest rate and is sitting on the fence when i.....
Did You Miss Australia’s Trade Surplus Data? Read On!
October 11, 2020 01:37 AM AEDT| By Team Kalkine MediaThe Australian Bureau of Statistics (ABS) recently published the Trade Accounts statistics for August 2020. The trade account surplus has fallen over the course of one month from 4,652 million in July 2020 to 2,643 million in August 2020. These sta.....
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