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FCA asks biggest retail banks not to close branches
January 29, 2021 09:03 AM GMT| By Team Kalkine MediaSummary The Financial Conduct Authority has asked the banks to rethink over their decision of branch closures. HSBC announced it would be closing 82 branches this year. The fears that vulnerable customers would not.....
Brexit fallout: Businesses ask government to resolve customs issues at UK ports
January 29, 2021 08:19 AM GMT| By Team Kalkine MediaBusiness leaders across the UK have warned the government about their members facing difficulties at the national ports post Brexit deal got implemented. If this situation continues as is, industry could face significant financial losses, warned th.....
2020 Marks the Lowest Four-Year Average Motor Insurance Price for the UK
January 28, 2021 01:47 PM GMT| By Hina ChowdharyThe motor insurance premiums paid by Britons on an average seems to have gone down substantially during the year 2020. The pandemic-induced lockdowns have forced the Britons to stay indoors to mitigate the risk of spreading infections. Vehicular tr.....
Aviation sector receives £84.6m boost for greener future
January 28, 2021 11:29 AM GMT| By Hina ChowdharySummary The government has jointly announced an investment of £84.6 million in three aerospace projects in Bristol, Cranfield, and Bedford. The commissioned projects include GKN Aerospace-led project H2GEAR, ZeroAvia’s HyFlyer II, a.....
RICS Survey Reveals Rise in Empty Shops and Office Spaces in the UK
January 28, 2021 10:17 AM GMT| By Team Kalkine MediaThe coronavirus pandemic has indeed reshaped the economy and has also influenced people lives. The consequent lockdowns seem to have weighed down heavily on high-street retail shops. Even when the initial lockdowns were lifted, the high-street reta.....
Johnson visits Scotland to quell support for an independence vote
January 28, 2021 07:40 AM GMT| By Team Kalkine MediaBritish Prime Minister Boris Johnson would visit Scotland today for confronting the increasing support for a referendum on independence from the United Kingdom. Scottish First Minister Nicola Sturgeon has questioned if his trip is an.....
Brexit rules prompt Amazon to restrict alcohol sale in Northern Ireland: Report
January 27, 2021 03:18 PM GMT| By Kunal SawhneyUK-based broadcaster ITV PLC (LON: ITV) reported that US multinational company Amazon has stopped the sale of beers, wines, and spirits in Northern Ireland because of the new Brexi.....
UK, Switzerland To Bolster Ties with A Financial Service Deal
January 27, 2021 09:24 AM GMT| By Hina ChowdharyChancellor of the Exchequer Rishi Sunak is expected to hold talks with the Switzerland counterpart regarding the potential trade deal that is expected to bolster ties between the two countries in the financial services arena. As Britain quit the E.....
IMF downgrades UK economy’s forecast for 2021
January 27, 2021 07:48 AM GMT| By Team Kalkine MediaThe International Monetary Fund has suggested that the UK economy will recover at a slower rate this year than what was predicted earlier. In its World Economic Outlook, it revised the nation’s growth forecast from 5.9 per cent.....
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Why Australia’s consumer prices climbed in December quarter
January 27, 2021 02:47 AM GMT| By Hina ChowdharyThe consumer prices soared 0.9 per cent in the December quarter even as the Australian economy suffered the economic fallout from the COVID-19 pandemic in 2020. In the September quarter, inflation stood at 0.7 per cent. Image Source: Shutt.....
MPs ask Bank of England to raise green standards for bond purchase
January 25, 2021 11:29 AM GMT| By Team Kalkine MediaThe British Members of Parliament are pushing the Bank of England to realign its corporate bond portfolio with the global climate agreement. This should be done before the UN climate change summit is held in November, they insist. The MPs.....
Covid-19 Impact: London Transport Body Seeks Assistance for Two Years
January 25, 2021 09:26 AM GMT| By Team Kalkine MediaThe pandemic and the consequent lockdowns have forced most of us to stay indoors. This has hit the mass transport systems hard and affected their profits. Andy Byford, the commissioner of Transport for London (TfL), expects the Crossrail to open mu.....
BP’s (LON: BP.) CEO Bernard Looney and his restructuring plans
January 25, 2021 09:09 AM GMT| By Team Kalkine MediaSummary BP is aiming to cut down on fossil fuels and switch to renewable sources of energy by 2030. The oil and gas company had announced 10,000 jobs last year as a part of its restricting plan. A wind of change has been blowing in BP PLC .....
UK launches climate adaptation effort worldwide with partner nations
January 25, 2021 07:44 AM GMT| By Team Kalkine MediaPM Boris Johnson has said that he will be launching a global climate adaptation initiative on Monday, under which it will be working along with Bangladesh, Egypt, the Netherlands, Saint Lucia, and Malawi for building r.....
What Does CBI’s Call of More Help for Virus-Hit Companies Mean?
January 24, 2021 03:48 AM GMT| By Kunal SawhneyUK business organisation Confederation of British Industry (CBI), consisting of nearly 190,000 businesses, fears that several thousands of small businesses could collapse and rupture the domestic economy because of uncertainties due to pandemic. Th.....
Have Sunak’s policies been well-targeted?
January 23, 2021 12:58 PM GMT| By Team Kalkine MediaThere is no denying that Rishi Sunak has been the most popular chancellor of the exchequer in the United Kingdom in the last many decades, primarily because of his big spending decisions. But we need to go back a bit in time to see if his p...
Clearance of New UK Coal Mine Leads to Controversy Within the Government
January 23, 2021 11:13 AM GMT| By Kunal SawhneyA serious debate has erupted over the plans to open a new coal mine in the UK, which will be the first deep coal mine in 30 years. The Cumbria County Council had given a go-ahead to Woodhouse mine earlier this month. The MPs warned that the UK&rsqu.....
UK government borrowings record their highest level in December
January 23, 2021 08:27 AM GMT| By Team Kalkine MediaThe latest figures posted by the Office for National Statistics reveal that the public sector net borrowing has hit a new record of £34.1 billion in December 2020. The monthly borrowing level is the highest for the month and third highest in any m...
UK Retail Sales Surge in December, But Hit Record Low in 2020
January 22, 2021 03:39 PM GMT| By Kunal SawhneyThe latest data published by the Office for National Statistics (ONS) revealed that the retail sales in the UK slightly increased for December, though it was still below the expected levels in the Christmas period. The survey conducted between 29 .....
GfK survey records a fall in the consumer confidence index in January
January 22, 2021 09:06 AM GMT| By Team Kalkine MediaThe latest figures for the UK consumer confidence index for the month of January have been released. The monthly report published by Growth for Knowledge (GfK) indicated a significant fall in the index by 2 points.&nbs.....
