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Economy
UK House Prices Continue to Rise in December
December 30, 2020 01:27 PM GMT| By Team Kalkine MediaThe year 2020 has been a tough one for the economy for most sectors across all the countries. But some sectors did well as compared to others. If we talk about the UK in particular, despite all odds, the housing sector fared well in comparison with.....
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Brexit deal approved by the EU governments, UK votes on it today
December 30, 2020 07:24 AM GMT| By Team Kalkine MediaEU, the 27-nation economic block has approved the post-Brexit trade deal with the UK, which will allow it to be provisionally applicable from January 1, informed Heiko Maas, the foreign minister of Germany. The country presently holds the rotating .....
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How Central Banks Changed the Course of 2020?
December 30, 2020 05:03 AM GMT| By Team Kalkine MediaCentral banks across the globe have constantly been innovating and finding new solutions to combat the economic strain caused by pandemic. Amidst the uncertainty attached to the coronavirus and the lack of complete knowledge about the same, policy .....
Brexit Trade Deal: What Are the New Terms and Tariffs
December 29, 2020 10:29 AM GMT| By Team Kalkine MediaThe UK and the EU have finally reached an agreement on trade governance worth £650 billion after prolonged negotiations for over nine months. The much-awaited Brexit deal announcement came on Christmas eve as both sides were relieved to annou.....
Brexit trade deal: What still remains unresolved between the UK and EU
December 29, 2020 08:29 AM GMT| By Kunal SawhneyBrits received their Christmas gift on 24 December when the United Kingdom and the European Union struck a provisional free trade agreement to ensure trading of goods without tariffs or quotas ending months of disagreements over fishing rights and .....
Brexit: Bumpy road ahead as Britain adjusts to new EU rules
December 29, 2020 08:25 AM GMT| By Kunal SawhneyMichael Gove, the government minister said that the UK businesses could face a bouncy period in the short-term as they come to terms with the new rules of the European Union. As the Brexit transition period expires on December 31, there would be pr.....
Tier update: List of Areas in England Moving to Higher Tiers from 26 December (Boxing Day)
December 24, 2020 08:39 PM GMT| By Team Kalkine MediaThe unending worries around the coronavirus cases in England have soared to a new level, that too around the festivities of Christmas and Boxing Day when people are highly eager to travel and meet their relatives than any other time of the .....
UK and EU to Announce A Trade Deal on Christmas Eve
December 24, 2020 07:52 AM GMT| By Kunal SawhneyThe UK and EU seem to have reached a suitable Brexit trade and security deal. It was reported that UK PM Boris Johnson held a late-night conference call with his Cabinet and senior ministers on the new Brexit deal. EU negotiators in Brussels have a.....
Hopes of Post-Brexit Trade Deal Are Rising: UK Cabinet Minister
December 23, 2020 03:30 PM GMT| By Kunal SawhneyThe UK government is keen on negotiating with the European Union for a free trade agreement and simultaneously has been managing the severe Covid-19 pandemic which has severely disrupted the economy. The Brexit deal has taken a backseat due to the.....
NHS asks Johnson to extend the Brexit transition period
December 23, 2020 11:27 AM GMT| By Team Kalkine MediaThe National Health Service has requested the prime minister Boris Johnson to extend the Brexit transition period by 30 days. The health body feared that a no-deal situation could risk the patient health during the coronavirus crisis. The B.....
UK car output down 1.4% in November due to lockdown, no Brexit deal fears
December 23, 2020 08:15 AM GMT| By Hina ChowdharySummary British car production fell 1.4 per cent in November to 106,243 vehicles The production on YTD basis is now down 31 per cent with 380,809 fewer cars manufactured in 2020 SMMT CEO Mike Hawes said that the industry might face a nightmare.....
Cut off: UK requests France to lift freight curbs
December 22, 2020 11:04 AM GMT| By Kunal SawhneySummary PM Boris Johnson has requested French President Emmanuel Macron to lift the ban on freight and passengers from the UK The measures agreed between both the parties will be announced today, which will come into effect from 23 December .....
Deutsche Post DHL Stops Deliveries to The UK and Ireland
December 22, 2020 09:30 AM GMT| By Hina ChowdharyGermany-based world’s largest logistics firm Deutsche Post DHL has ceased the deliveries in and out of Ireland after the flights and freight were suspended due to fears of the new coronavirus strain. Amid the growing fears of the virus sprea.....
New Covid strain: UK economy to slow down further
December 22, 2020 08:25 AM GMT| By Team Kalkine MediaTighter restrictions at various places in the country for a longer period to contain the spread of the new virus strain would imply that the prospects for the UK economy in the next year are bleaker than earlier estimated. The deteriorating.....
Warp Finance recovers 75% of the losses in flash loan attack
December 21, 2020 12:58 PM GMT| By Team Kalkine MediaWarp Finance, a decentralised finance platform, recently informed that it has recovered a sum equivalent to 75 per cent of the losses recognised in the flash loan attack that took place on 17 December. According to the platform, the value of recove.....
Lloyds Bank Survey: UK Business Morale Jumps by Most in Over 4 Years
December 21, 2020 12:56 PM GMT| By Kunal SawhneyThe UK, like many other nations, has underpinned the hopes on potential Covid-19 vaccines and expect them to play a vital role in helping the country come out of recession by shaping the economic recovery in the near future. FTSE 100 listed banking.....
International Flights Halted To and From UK: Full List
December 21, 2020 12:50 PM GMT| By Hina ChowdharyWith the origination of the new strain of the Covid-19 (SARS-CoV-2) in the United Kingdom, most of the nations with scheduled departures and arrivals of the flights from the nation have cancelled the operations with immediate effect. This time the ad...
New Covid-19 strain: Sunak under pressure to announce fresh relief packages
December 21, 2020 11:49 AM GMT| By Team Kalkine MediaSummary A new variant of the Covid-19 strain called VUI-202012/0 has been discovered in the UK Experts said that the new strain is more infectious than the earlier variant The government has imposed a new stay-at-home lockdown from Sunday Wit.....
Voting today on the US Congress $900 billion package deal
December 21, 2020 08:22 AM GMT| By Hina ChowdharyThe congress leaders agreed upon a Covid-19 aid package deal yesterday to fight with the surging coronavirus cases in the US. Votes are likely to take place today. The $900 billion (£660 billion) aid is the second largest economic stimulus in.....
Brexit talks enter the penultimate fortnight period, fishing rights still the key issue
December 19, 2020 06:54 PM GMT| By Kunal SawhneyNegotiations between the UK and the EU have entered the final phase to clinch a favourable post-Brexit trade deal before 31 December, where fishing rights in British waters for EU members remains the most important issue. UK Prime Minister .....
