Economy


 Did UK ‘manipulate’ climate pledge for Australian trade deal?

Did UK ‘manipulate’ climate pledge for Australian trade deal?

September 09, 2021 02:20 PM BST| By Rishika Raina

In a shocking development, as per an email, which was leaked to Sky News from an anonymous government official, the UK ministers in the Boris Johnson cabinet have mentioned of dropping climate pledges to secure the trade deal with Australia. With a.....

 COVID-19 upturn stalls reopening of Australia’s travel bubble with New Zealand

COVID-19 upturn stalls reopening of Australia’s travel bubble with New Zealand

September 09, 2021 08:13 AM BST| By Team Kalkine Media

The reopening of Australia NZ travel bubble has received another setback after New Zealand’s Minister for COVID-19 Response Chris Hipkins brushed off the possibility of resuming quarantine-free travel bubble with Australia in the near future......

 Is the UK staring at another lockdown in October?

Is the UK staring at another lockdown in October?

September 08, 2021 07:26 AM BST| By Priya Bhandari

Highlights Sage member reported that the Government is planning ‘firebreak’ lockdown in October, if the infection rates and hospital admission keeps on increasing. However, some members feel the decision will depend on the success o.....

 PM Johnson raises taxes to fund social care, NHS

PM Johnson raises taxes to fund social care, NHS

September 07, 2021 04:19 PM BST| By Rishika Raina

Highlights PM Boris Johnson declared that his government would raise taxes for funding social care reforms and the National Health Service. Johnson plans to increase the UK’s National Insurance levy by 1.25%, with taxes on shareholders al.....

 Wagamama latest to report staff shortage, Brexit curbs blamed for crisis

Wagamama latest to report staff shortage, Brexit curbs blamed for crisis

September 06, 2021 11:33 AM BST| By Priya Bhandari

British Restaurant chain Wagamama has reported struggle in hiring chefs across a fifth of its restaurants as the businesses in the country warn of recruitment difficulties because of supply chain woes and staff shortages. After the relaxation of C.....

 Looming crisis: NHS warns backlog could hit 13 mn if govt fails to give £10 bn 

Looming crisis: NHS warns backlog could hit 13 mn if govt fails to give £10 bn 

September 03, 2021 05:12 PM BST| By Rishika Raina

Highlights NHS officials have warned that patients are genuinely facing a huge risk.  The UK government should provide £10 billion every year to avoid the NHS backlog from reaching as high as 13&nbs.....

 Proportion of payments made using banknotes is declining: RBA

Proportion of payments made using banknotes is declining: RBA

September 03, 2021 03:19 PM BST| By Priyanka Payal

Highlights  During the Coronavirus pandemic, the Reserve Bank of Australia highlighted a significant shift to contactless and mobile payments by merchants and consumers. The RBA maintained that the proportion of payments made using banknot.....

 On the runway to Q3 results

On the runway to Q3 results

September 03, 2021 03:06 PM BST| By Rini Zachariah

Highlights  At the end of July, the 2Q GDP data was announced. ABC has also announced the performance of critical variables like retail sales, employment data and loan commitment data. The numbers paint a flimsy picture overall but there .....

 Energy bills to spike after wholesale electricity price rise. 5 stocks to look at

Energy bills to spike after wholesale electricity price rise. 5 stocks to look at

September 02, 2021 02:39 PM BST| By Rishika Raina

Highlights  UK energy bills are set to rise after wholesale electricity prices hitting record high. Last month, the electricity market price crossed the mark of £100 a megawatt-hour due to which price cap was raised by Ofgem. Af.....

 Which banks in the UK are crypto friendly?

Which banks in the UK are crypto friendly?

September 02, 2021 12:03 PM BST| By Priya Bhandari

Every country has different rules and regulations for trading of cryptocurrencies. While some countries are crypto-friendly, some have so far barred its citizens from trading in cryptocurrencies mostly due to its high volatile nature. In the UK, ju.....

 Wetherspoons joins the list of firms hit by supply chain crisis in UK

Wetherspoons joins the list of firms hit by supply chain crisis in UK

September 02, 2021 07:12 AM BST| By Nidhi Gupta

Wetherspoons on Wednesday joined the list of effected firsm as it reported that its Carding and Coors beers are the latest casualty of the supply chain crisis as most pubs are not receiving deliveries. Its brewers, Molson Coors, said that the suppl.....

 Why should Rishi Sunak think again about pensions triple lock?

Why should Rishi Sunak think again about pensions triple lock?

September 01, 2021 02:58 PM BST| By Rishika Raina

Prime Minister Boris Johnson and Chancellor of Exchequer Rishi Sunak were seen to be locked in a bitter row as the borrowing costs increase due to the pandemic, leading to fear in the minds of savers regarding the safety of their retirement in.....

 Should the UK government extend furlough scheme beyond September?

Should the UK government extend furlough scheme beyond September?

September 01, 2021 10:49 AM BST| By Abhijeet

The unions and firms in the UK want the Furlough scheme, introduced by the Boris Johnson government, to continue to protect workers in industries that were badly affected by the Covid-19 pandemic, as the job subsidy scheme that supported over 11 mi.....

 Asia Pacific markets close in green

Asia Pacific markets close in green

August 30, 2021 11:35 AM BST| By Furquan Moharkan

Highlights Most APAC markets began the week on a positive note. Australia recorded an unprecedented surge in fresh COVID-19 cases. Investors are keeping track of Meituan results. Asia Pacific shares on Monday closed mostly in the green, w.....

 How Brexit has affected the UK banking sector  

How Brexit has affected the UK banking sector  

August 29, 2021 03:40 AM BST| By Suhita Poddar

The European Banking Authority (EBA), which is the watchdog of the block, has recently stated in its annual survey of bankers earning more than €1 million (£850,000) that the total number of millionaire bankers in the UK has dr.....

 How is cloud computing shaping the future of the healthcare industry?

How is cloud computing shaping the future of the healthcare industry?

August 27, 2021 03:10 PM BST| By Tripti Joshi

Highlights  Cloud computing in healthcare is making a positive change in several ways, including cost reduction in health-related services. Telemedicine, artificial intelligence, virtual reality, internet of medical things are some key tre.....

 Asia Pacific markets mixed; all eyes on Powell’s Jackson Hole speech

Asia Pacific markets mixed; all eyes on Powell’s Jackson Hole speech

August 27, 2021 07:11 AM BST| By Furquan Moharkan

Asia-Pacific shares were trading mixed on Friday as investors remained guarded ahead of the Federal Reserve’s annual Jackson Hole symposium where Fed Chair Jerome Powell will be speaking. In Australia, the benchmark ASX200 pared early losses o...

 How many international airlines are still flying to Australia?

How many international airlines are still flying to Australia?

August 26, 2021 03:54 AM BST| By Ashish

Even as the international borders remained closed for passengers for the last many months, a few airlines flew in and out of Australia, benefitting from quarantine-free travel corridors and specially organised repatriation flights. More airlines a.....

 Is it time to update the UK's ancient tax structure?

Is it time to update the UK's ancient tax structure?

August 23, 2021 10:01 AM BST| By Kamalika Ghosh

The UK’s Office of Tax Simplification (OTS) is looking to update its centuries old end of the tax year date from April 5 to either March 31 or the end of the calendar year. In June, the OTS published a report, looking at the pros and cons of.....

 APAC markets start the week on a high, major indices surge 2%

APAC markets start the week on a high, major indices surge 2%

August 23, 2021 09:21 AM BST| By Furquan Moharkan

Equity markets in the Asia Pacific (APAC) region were rallying on Monday morning after the Hong Kong markets bounced back from last week’s bearish trend. By Monday afternoon, the benchmark Hang Seng Index of Hong Kong was trading 1.78% higher,...

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