Economy
Did UK ‘manipulate’ climate pledge for Australian trade deal?
September 09, 2021 02:20 PM BST| By Rishika RainaIn 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
September 09, 2021 08:13 AM BST| By Team Kalkine MediaThe 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?
September 08, 2021 07:26 AM BST| By Priya BhandariHighlights 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
September 07, 2021 04:19 PM BST| By Rishika RainaHighlights 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
September 06, 2021 11:33 AM BST| By Priya BhandariBritish 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
September 03, 2021 05:12 PM BST| By Rishika RainaHighlights 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
September 03, 2021 03:19 PM BST| By Priyanka PayalHighlights 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
September 03, 2021 03:06 PM BST| By Rini ZachariahHighlights 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
September 02, 2021 02:39 PM BST| By Rishika RainaHighlights 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?
September 02, 2021 12:03 PM BST| By Priya BhandariEvery 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
September 02, 2021 07:12 AM BST| By Nidhi GuptaWetherspoons 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?
September 01, 2021 02:58 PM BST| By Rishika RainaPrime 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?
September 01, 2021 10:49 AM BST| By AbhijeetThe 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
August 30, 2021 11:35 AM BST| By Furquan MoharkanHighlights 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
August 29, 2021 03:40 AM BST| By Suhita PoddarThe 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?
August 27, 2021 03:10 PM BST| By Tripti JoshiHighlights 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
August 27, 2021 07:11 AM BST| By Furquan MoharkanAsia-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?
August 26, 2021 03:54 AM BST| By AshishEven 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?
August 23, 2021 10:01 AM BST| By Kamalika GhoshThe 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%
August 23, 2021 09:21 AM BST| By Furquan MoharkanEquity 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,...