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Economy
Planning to invest? Keep track of these economic indicators
July 27, 2021 11:25 AM BST| 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 06:49 AM BST| 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.....
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What's the buzz around National Insurance in the UK?
July 21, 2021 01:41 PM BST| By Suhita PoddarSummary The UK government may hike the national insurance contribution in order to tackle a shortfall in social care funding. The UK government is planning to increase the national insurance contribution by 1%. The hike in National insur.....
Lloyds Report: Why hospitality surged in June despite a slowdown in UK recovery
July 21, 2021 12:42 PM BST| By Suhita PoddarSummary The hospitality sector touched a 9 year high in its June output despite a majority of other sectors recording a slowdown, according to a survey by UK banking group Lloyds. The hospitality sector’s output surged on the back o.....
Spike in Covid cases: Which sectors are likely to get impacted most?
July 20, 2021 11:55 AM BST| By Suhita PoddarSummary Covid-19 cases saw a recent surge that could derail the economic recovery and impact different sectors. Hospitality, Airlines, and Real Estate could be some of the worst impacted sectors if cases continue to rise and any new restric.....
Covid trouble continues: UK sees 36,800 new Delta variant cases
July 16, 2021 03:39 PM BST| By AbhijeetSummary Delta variant cases in the United Kingdom increased by 36,800 All the legal restrictions will be lifted from Monday, 19 July The rate of hospitalisation has surged to 4.43 per 100,000 people The unending Covid distress in the Unit.....
UK Government to levy first-of-its-kind Sugar and Salt Reformulation Tax
July 16, 2021 03:06 PM BST| By Suhita PoddarSummary The UK government is considering levying a Sugar and Salt Reformulation Tax to lower meat and junk food consumption. Taxes raised would help fund free meals for an additional 1.1 million school children. National Food Strategy has urge.....
Know what’s latest in the global economic calendar
July 16, 2021 11:26 AM BST| 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. .....
UK construction sector expands at fastest pace in 24 years
July 06, 2021 02:31 PM BST| By AbhijeetSummary UK construction output registered the strongest rate in the last 24 years The IHS Markit/CIPS Construction PMI jumped to 66.3 in the month of June House building projects surged at the strongest rate since November 2003 The phased.....
From India’s girl next door to IMF chief economist: The journey of Gita Gopinath
July 06, 2021 02:17 AM BST| 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...
UK government mulling scrapping quarantine rules for fully vaccinated from August
July 05, 2021 11:28 AM BST| By Kamalika GhoshThe government is planning to scrap quarantine rules for travellers who are fully vaccinated and returning from amber listed countries. It was reported that the government was considering whether to do away with the legally mandated self-isolation .....
Done with recession? What are the different kinds of economic recoveries?
July 05, 2021 07:52 AM BST| 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 03:15 AM BST| 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 02:10 AM BST| 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.....
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UK on course to strengthen international trade as an independent nation
July 03, 2021 03:19 PM BST| By Suhita PoddarSummary Of late, the government has been apparently working on a slew of measures that can bolster the trade prospects of the UK as an independent nation. The government, alongside the trade bodies and respective departments, have duly supporte.....
New Right-to-Repair Standard for the UK in Action
July 02, 2021 04:19 PM BST| By Kamalika GhoshSummary UK’s new right-to-repair standard came into force from 1 July. As per the new rules, now manufacturers of white goods are required to make spare parts of electrical appliances available. These rules will increase the life span of.....
Global minimum corporate tax of 15% to give countries right to tax profits over $100 billion
July 02, 2021 11:27 AM BST| By Kamalika GhoshSummary The US’ proposal for a minimum level of global corporate tax has found the backing of 130 nations. A proposal for charging a 15% minimum corporate tax has been backed by these nations. The US has been trying to tighten the noose .....
What rules are changing in the UK from 1 July?
July 01, 2021 01:40 PM BST| By Kamalika GhoshSummary The government has decided to put on hold the complete reopening of the economy till July due to the threat of the Delta variant. There are a host of new rules that becomes operational 1 July onwards......
DfT kickstarts William-Shapps Plan with £5 million investment
June 30, 2021 05:00 PM BST| By AbhijeetSummary DfT has kickstarted the William-Shapps Plan with £5m government funding The rail data will be opened up for developers via a new single-access platform The digital platform will enable the support of real-time alerts to passenger.....
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UK’s New Subsidy Control Bill for Quicker and Flexible Support for Businesses
June 30, 2021 01:09 PM BST| By Suhita PoddarSummary The UK has announced its new subsidy control bill, based on a set of UK-wide principles. The new system will be more flexible and based on common sense principles. The new system will be quicker compared to the prior 1970s EU’s s.....
