Economy
British retailers call for police help to ensure people adhere to mask guidelines
January 12, 2021 08:01 AM GMT| By Team Kalkine MediaSummary People are flouting rules by declining to wear face masks while shopping at the stores Retail staff is subjected to violence and abuse while ensuring that the distancing and face mask rules are being followed BRC said enforcing that pe.....
UK third lockdown: Tougher restrictions likely to be implemented
January 11, 2021 04:34 PM GMT| By Hina ChowdharySummary Tighter Covid-19 restrictions were reportedly considered by Prime Minister Boris Johnson after he met his ministers on 10 January to evaluate the lockdown measures Heathrow Airport observed a 73 per cent fall in the number of passengers.....
UK third lockdown: When can the restrictions be lifted?
January 11, 2021 12:08 PM GMT| By Kunal SawhneyBritish Prime Minister Boris Johnson and his cabinet had taken a huge risk after deciding to announce the third lockdown on Wednesday (6 January) owing to the spike in coronavirus cases in the country. The step was taken because of the new variant.....
US loses 140,000 jobs in December 2020
January 10, 2021 10:38 PM GMT| By Team Kalkine MediaAccording to the latest employment data released by the US Bureau of Labor Statistics on 8 January 2021, the US's total nonfarm payroll employment has fallen by 140,000 in December 2020. The recent surge in the no. of coronavirus cases and the rela.....
PM Johnson appoints Alok Sharma as full-time President of UN COP26
January 09, 2021 01:52 PM GMT| By Kunal SawhneyPM Boris Johnson on Friday, 8 January, designated former Business Secretary Alok Sharma as the full-time President of UN COP26 climate conference that is scheduled to take place in Glasgow in November. Kwasi Kwarteng has been appointed as the Secre.....
Halifax Says Growth in House Price Is Slowing Down After the Boom
January 09, 2021 01:49 PM GMT| By Kunal SawhneyBritain’s biggest mortgage lender Halifax released its latest report on 8 January, which indicated that the average house price in the UK for the month of December reached a record high of £253,374. Though there was a 6 per cent increa.....
UK Records Highest Daily Toll of Covid-19 Deaths, NHS Staff to Be Vaccinated Soon
January 09, 2021 07:53 AM GMT| By Hina ChowdharyThe hospitals in London are at risk of being overwhelmed as Friday witnessed the highest daily death toll since the onslaught of the coronavirus pandemic. PM Boris Johnson has enforced the third lockdown and is procuring more and more vaccines to s.....
Covid-19 Vaccine: UK Authorise Moderna Vaccine for Mass Usage
January 09, 2021 07:35 AM GMT| By Kunal SawhneySummary The UK Government has granted Moderna’s Covid-19 vaccine the Emergency Use Authorization for mass vaccination The Department of Health has said that the Moderna vaccine has met with the strict standards of safety, efficacy and qua.....
UK employment market strengthened in December, says REC survey
January 08, 2021 06:45 AM GMT| By Team Kalkine MediaThe UK jobs scenario has improved in December, before the new lockdown was imposed, according to the results of survey from Recruitment and Employment Confederation. There was a rise in permanent hiring along with a small leap in the total number o.....
New car registrations in Britain dropped but EV sales up, says SMMT
January 06, 2021 06:45 AM GMT| By Team Kalkine MediaThe Society for Motor Manufacturers and Traders (SMMT) has said that new car registrations in the UK plummeted to a nearly three-decade low value last year. 1.63 million new cars got registered in 2020 as compared to 2.3 million totalling for the y.....
Chancellor Sunak announces lockdown grants of £4.6 billion to support businesses and jobs
January 05, 2021 04:53 PM GMT| By Team Kalkine MediaChancellor of the Exchequer Rishi Sunak on Tuesday, 5 January, announced “lockdown grants” to the tune of £4.6 billion in order to support the businesses and related jobs that will be affected by the newly imposed national lockdown....
Ireland’s national house price inflation surges by more than 6% in Q4 2020
January 05, 2021 01:25 PM GMT| By Hina ChowdharyThere has been an increase of more than 6 per cent in the national house price inflation in Ireland for the fourth quarter of 2020. As per the latest house price report from My Home.ie, the price has risen at the fastest pace in almost three years .....
England and Scotland: What are the new lockdown rules?
January 05, 2021 07:29 AM GMT| By Kunal SawhneySummary New stay at home rules to last till 15 February in England and 31 January in Scotland A complete shutdown of schools and businesses to contain the coronavirus spread The British prime minister Boris Johnson announced last night tha.....
Stricter Lockdown Rules Could Be Imposed in England, Says Hancock
January 04, 2021 04:57 PM GMT| By Kunal SawhneyEngland could witness stricter lockdown restrictions in the next few weeks with the invariably rising coronavirus cases at a time when the nation has just started inoculating the vulnerable patients with the Covid-19 vaccine co-developed by.....
Ireland’s manufacturing sector shows growth in December, reveals survey
January 04, 2021 12:00 PM GMT| By Kunal SawhneyThe latest survey results published by the AIB and IHS Markit show that the Ireland's manufacturing sector has shown a good growth momentum in December as the businesses prepared for the end of the Brexit transition period by stocking up supplies a.....
OPEC forecasts downside risks in H1 2021 as it contemplates boosting supply
January 04, 2021 10:11 AM GMT| By Kunal SawhneyThe Organization of Petroleum Exporting Countries (OPEC) members and their partners will be meeting today (4 January) to discuss output levels for the month of February. The meet will be held via the video-conferencing route. This comes after a pr.....
Britain begins mass vaccination of AstraZeneca shots
January 04, 2021 07:56 AM GMT| By Team Kalkine MediaSummary More than 500,000 doses to be available from today, being delivered at 730 established sites to begin with Vaccination sites to be increased to more than 1,000 within few day The first set of doses of the Oxford-AstraZeneca vaccine.....
UK Government Issues Warning for New Year's Eve, Asks People to Remain Indoors
December 31, 2020 04:34 PM GMT| By Team Kalkine Media‘The Boris Johnson government has asked everyone in England to stay indoors on New Year’s Eve in a bid to avoid spreading the virus. On Wednesday, UK health secretary Matt Hancock announced that another 20 million people would join 24 m.....
How 2020 Panned Out for Interest Rate Scenario Across Major Economies?
December 31, 2020 08:36 AM GMT| By Team Kalkine MediaCentral banks across the globe have resorted to low interest rates to stimulate economies suffering from a recession amidst the pandemic. Many countries have lowered their interest rates to never-before-seen levels, close to 0% in most cases. Sinc.....
UK Parliament approves the Brexit trade deal
December 31, 2020 08:17 AM GMT| By Hina ChowdharyBritish prime minister’s trade deal with the European Union was approved by the UK Parliament last night, making it a law, just a day short of the expiry of the Brexit transition deadline. Both the sides will be looking forward to a n.....