Economy

A glance at Chinese Economy: rebounding or stalling?

Summary Though economically China showcases progress, geopolitically China is garnering backlashes across the world, especially from the US for its...

Canada’s Bright Spots Amid COVID-19: The Gradual Return of Investmen...

Canada’s economy and employment has been decimated by containment measures enforced to curb the spread of the coronavirus. In days following the...

Britain needs to raise £60 billion in taxes to achieve financial sta...

Summay The Office of the Budget Responsibility report states that the public debt in the UK has reached an unsustainable level as government borrow...

The UK economy rebounds to growth in May 2020, though at a slow pace

Summary Britain’s economic output displayed a positive growth rate during May 2020, over the same period in 2019 This growth was led by manu...

Central Bankers: Deadline for Phasing Out LIBOR Would Not be Extende...

Summary Interest rate benchmark, LIBOR is used to price financial contracts and is likely to be replaced by SONIA after 2021 All financial contrac...

Fraudsters Targeting Unsuspecting Investors with Lure of Attractive...

Summary There has been a sharp rise in cases of investors being defrauded with a promise of attractive returns in UK The plunge of interest rates...

UK Lender Offers Low-Deposit Mortgages Amidst Stamp Duty Holiday

  Last week, Rishi Sunak announced stamp duty holiday on property purchases of up to £500,000. British financial institution, Nationwide B...

Government Mulling Overhaul of Planning Laws in Upcoming Ten Freepor...

Summary The UK government is mulling overhaul of planning laws in upcoming 10 freeports, in a rush to make itself fully ready for December 2020, EU...

Treasury’s Job Bonus Scheme: Primark, John Lewis, and William Hill d...

Summary Primark had furloughed around 30,000 employees in Britain in March 2020, but had removed them from the scheme during June 2020 John Lewis...

UK Insurers To See A Surge In Travel Insurance Policy Demand Post 31...

Summary European Health Insurance Card (EHIC) which covers health insurance needs for travellers of all EU members citizens when they travel within...

Stamp Duty Holiday to Give A New Lease of Life to The Crisis Stricke...

Summary Chancellor Sunak announced housing sector stamp duly holiday till 31 March 2021, when the industry was expecting it for only six-months De...

PM takes measures to raise the economic activity in Britain, while t...

Summary Johnson asks his staff to start coming to office from Monday, 13 July PM office is preparing a nine-month roadmap to return to normal life...

British Retail Faces Further Risk on Its Revival If No UK-EU Trade D...

Summary The erstwhile European Union tariff structure, in effect till December 2020, is a short-dated relief for the British retailers The UK-EU t...

EC Paints A Gloomy Picture Of The EU Ahead Of Its €750 Bn Recovery P...

Summary The European Commission forecasts that the combined GDP of 27 European Union countries will shrink by 8.3 per cent in the year 2020 The UK...

Are the UK Government’s employment policies not targeted properly?

Summary IFS, the leading thinktank said employers might have retained the furloughed staff, even without the job bonus scheme Labour party felt th...

Coronavirus Spikes Canada’s Fiscal Deficit To C$ 343.2 Billion; Mark...

Summary Canada’s fiscal deficit soared to C$ 343.2 billion or nearly 16% of the economic output as the spending on coronavirus-related progra...

The UK Government Mulls A £3 Billion Package for Energy-Efficient Bu...

Summary The green investment package is being earmarked for the purpose of improving the insulation in public buildings and British homes to improv...

Sunak mulls over giving fiscal relief to ailing British businesses a...

Summary Chancellor to announce an economic statement with stimulus worth £800 million on the afternoon of Wednesday, 8 July 2020 Lots of opt...

Arts and Culture Receive Government Aid Worth Nearly 2 Billion Pound...

Summary British Government to invest in art, cultural, and heritage sector to safeguard them from collapsing The funding has been welcomed by the...

How Volatility in Global Stock Markets is Helping Gold Prices? 

Gold is traditionally considered by investors as a safe investment, especially during a time of recession with high risks of inflation and exchange ra...