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Online Scams: UK consumers clueless on how to avert frauds
August 04, 2021 05:31 PM AEST| By Kamalika GhoshA recent report by Which? has stated that the UK’s biggest banks are failing to provide proper support to fraud victims, leaving them feeling vulnerable and abandoned at a time of crisis and exposed to future scams. In last one year, as per a.....
Despite lockdown, Australia’s June quarter retail sales up 0.4%
August 04, 2021 03:08 PM AEST| By Furquan MoharkanAustralia’s retail sales, despite lockdown, rose 0.4% during the June quarter, the Australian Bureau of Statistics informed on Wednesday. For most part of the quarter, people across the country had upped their discretionary spends. "Household...
RBA to cut bond buying program by 20% after a month
August 03, 2021 05:02 PM AEST| By Furquan MoharkanThe Reserve Bank of Australia (RBA) will trim its bond purchase program by 20% after a month despite the need for more liquidity in a system which has been hit hard by the COVID-19 pandemic. The Australian central bank said that it will purchase gov...
APAC markets open mixed ahead of RBA decision
August 03, 2021 11:34 AM AEST| By Furquan MoharkanThe equity markets in Asia-Pacific (APAC) region traded mixed on Tuesday morning as investors are keenly looking out for the Reserve Bank of Australia’s latest monetary policy decision. In Japan, the benchmark Nikkei 225 slipped 0.34% in early...
What do we know about UK's fuel poverty?
August 03, 2021 12:36 AM AEST| By Kamalika GhoshSummary Another half a million homes are pushed towards fuel poverty as global gas prices hit a 16-year high. Ofgem is expected to raise the price cap on energy to unaffordable levels, leading to soaring costs this winter. UK’s net.....
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What is The Triple Lock on Pension Saving?
August 02, 2021 11:00 PM AEST| By Kamalika GhoshChancellor of Exchequer Rishi Sunak has given a broad hint that the UK government may temporarily break the pension triple lock this year to prevent the UK Treasury being landed with a £7 billion uprating bill. The chancellor added that a po.....
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Is another stock market crash coming soon? What should you do?
August 01, 2021 12:56 AM AEST| By AayushSummary A stock market crash is different from a normal correction and happens once a few years. During the pandemic, the record highs in some of the benchmark indices across the globe and uncomfortably high valuations of some popular growth st.....
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How have the COVID-19 lockdowns affected employment in Australia?
July 31, 2021 12:00 AM AEST| By Daniel Paul JohnsSummary Until the beginning of July, Australia was doing very well in terms of recovery. According to the Australian Bureau of Statistics (ABS), in June 2021, unemployment decreased to 4.9% from 5.1% in the previous month. The recent lock.....
Banks in focus amidst Australia’s current economic milieu
July 29, 2021 08:00 AM AEST| By Team Kalkine MediaThe new surge in cases from the Delta variant has pushed Australia into a new series of lockdowns. The September quarter has begun with the gloominess of restrictions, predicted to stay till December. While the government is trying its be.....
UK begins Covid-19 vaccine donation, to give away 9 million jabs
July 29, 2021 12:26 AM AEST| By AbhijeetSummary The UK government will be donating nine million vaccines starting this week Indonesia, Jamaica and Kenya are amongst the countries who stand to benefit The government has pledged to donate 100 million vaccines by the end of June .....
Planning to invest? Keep track of these economic indicators
July 27, 2021 08:25 PM AEST| By Team Kalkine MediaSummary Economic indicators can be used to better understand the economy and map out its future pace of growth. Using indicators such as GDP and relevant data on output can help investors view the market beyond just a set of graphs. GDP growth.....
What are the benefits and risks of a ‘vaccine passport’ for UK businesses?
July 27, 2021 03:49 PM AEST| By Suhita PoddarThe widespread availability of COVID-19 vaccines, increasing rate of vaccinations as well as businesses seeking to resume operations may all work in favour of providing vaccine certificates to know the vaccination or immunization status of any indi.....
Why is deflation more dangerous than inflation?
July 26, 2021 07:00 AM AEST| By Team Kalkine MediaSummary Excess supply of goods or the lack of adequate demand in the economy can lead to falling prices, also known as deflation. Low levels of inflation are considered by economists to be the default setup of prices in the economy. Coun.....
Which are the 10 largest economies of the world?
July 19, 2021 10:27 AM AEST| By Team Kalkine MediaEmerging market economies may soon take over their Western counterparts, given the international recognition received by them over the past decade. In fact, many Asian countries have already shattered the glass ceiling and revolutionised how the worl...
Know what’s latest in the global economic calendar
July 16, 2021 08:26 PM AEST| By Team Kalkine MediaSummary Economies across the globe are actively recovering from the COVID-19 crisis, with major policy changes looming ahead. Improvement in the unemployment figures has cast expectations of inflationary spells in New Zealand and the US. .....
From India’s girl next door to IMF chief economist: The journey of Gita Gopinath
July 06, 2021 11:17 AM AEST| By Furquan MoharkanDays before the US Independence Day, on 2 July 2021, International Monetary Fund (IMF) Chief Economist Gita Gopinath was among the 34 immigrants honoured by a prestigious American foundation Carnegie Corporation – as a person "who has enriched...
Done with recession? What are the different kinds of economic recoveries?
July 05, 2021 04:52 PM AEST| By Furquan MoharkanThe COVID-19 pandemic and the subsequent bouts of lockdowns imposed to counter it, triggered one of the most severe recessions in the history of the world economy. As consumption across the globe fell drastically, so did the employment levels. The w...
Emotional health is paramount to your overall happiness: Here’s why
July 04, 2021 12:15 PM AEST| By Team Kalkine MediaSummary Symptoms of emotional health crisis may include sleep disorders, avoidance of friends and family, conflicts in relationships, substance abuse, and eating disorders. Thus, mental illness is closely tied to an individual’s emotional.....
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Why UN thinks blockchain technology can help fight climate change?
July 04, 2021 11:10 AM AEST| By Team Kalkine MediaSummary Recognizing its immense disruptive potential and benefits to society in a recent article, the UN revealed how blockchain helped the organization fast-track delivery of emergency funds. Blockchain can expedite climate action in three way.....
How is the inflation and housing market scenario in Australia?
June 27, 2021 12:30 AM AEST| By Team Kalkine MediaThe Reserve Bank of Australia (RBA) has left its cash rate at record lows of 0.10% since November 2020, in hope of inflationary pressures of reaching their target range of 2 to 3%. The cash rate is the interest rate on unsecured overnight loans betwe...
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