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Economy
UK Witnesses Low Recovery of White-Collared Jobs Due to Asymmetric Recovery
September 01, 2020 02:10 PM BST| By Team Kalkine MediaAs per a research conducted by a major carrier networking portal and jobs search engine LinkedIn in the United Kingdom, job creation across several key industries have been asymmetric. The data collated by the portal showed that white-collared job .....
Four Days Work Week Could Create Half A Million New Jobs, Says New Study
September 01, 2020 11:26 AM BST| By Team Kalkine MediaThe government’s furlough scheme would end in the next two months and there have been widespread outcries in the job market to not only protect the jobs but also to create new jobs. In order to control the rising unemployment as well as creat.....
UK Car Manufacturing Show Signs of Recovery, Aston Martin And Rolls-Royce In Focus
August 28, 2020 08:25 PM BST| By Team Kalkine MediaSummary In July, the automobile manufacturing of the United Kingdom surged; however, it remained below its 12 months prior level As per the SMMT report, the UK car manufacturing fell 20.8 per cent in July with 85,696 units made, the production .....
Travel woes during the pandemic: UK to lose £22 billion as international travel dips
August 28, 2020 08:47 AM BST| By Team Kalkine MediaThe travel and tourism industry has been one of the hardest hit due to the coronavirus-led economic crisis. Despite lifting the restrictions on traveling, recent spike in infections, social distancing norms, and quarantine rules have left t.....
Carnival Plc Starts Cancelling Next Year’s Cruises - Is Industry’s Pandemic Impact Worsening?
August 27, 2020 02:55 PM BST| By Team Kalkine MediaSummary Carnival’s most of the cruises have postponed their voyages for the next year Costa has introduced Covid-19 tests for its guests; becomes the first cruise company to obtain RINA certification The long-term prospects of the Carniv.....
E-Commerce Comes to Aid Royal Mail Plc, Return Traffic Increases By 25 Per Cent
August 27, 2020 02:35 PM BST| By Kunal SawhneySummary Royal Mail Plc was able to register a 25 growth in its returns traffic business during the month of July compared to what it was during the same period a year earlier. The deluge of online shopping and the extension of the shopping retu.....
When Will A Covid-19 Vaccine Be Available In Britain?
August 26, 2020 02:20 PM BST| By Kunal SawhneySummary Covid-19 vaccine from the Oxford University would be registered and delivered most probably by the year 2021 Oxford vaccine data would be shared with regulators by the end of 2020 After the announcement of slower than expected progress.....
UBS Follows Suit of Other Investment Banks in Downgrading UK’s GDP Forecast For 2020, Remain Firm for A Bounce Back in 2021
August 26, 2020 02:20 PM BST| By Team Kalkine MediaThe data of British GDP published by the Office of National Statistics (ONS) earlier this month officially confirmed that the economy is now in recession. Registering a decline of 20.4 per cent, the shrinkage was sharper than most observers had exp.....
UK Retailers Cutting Jobs at Fastest Rate Drag the FTSE 100 Down
August 25, 2020 08:00 PM BST| By Team Kalkine MediaThe stock market’s sentiment remains volatile across the world, which is reflected in the frequent crashes in the share markets globally. The United Kingdom’s financial markets are witnessing sharp volatility currently because of the fa.....
Online Shopping Boom: Tesco To Create 16,000 Permanent Jobs
August 25, 2020 02:52 PM BST| By Team Kalkine MediaThe fear of contagion and social distancing norms has led shoppers to go online during the coronavirus pandemic. This phenomenon is expected to remain for long-term in the buyer’s psyche not only till the pandemic decimates but maybe also bey.....
Are The Prospects Of A No-Deal Brexit Increasing?
August 25, 2020 02:11 PM BST| By Team Kalkine MediaMichel Barnier, chief negotiator, European Union (EU) is a strong negotiant and has asked the EU states to be thick-skinned with Britain as the Brexit deadline is coming closer. During the seventh round of trade negotiations held between the two p.....
The UK Cinema Industry to Test the Moviegoers' Post Lockdown Appetite with “Tenet”
August 24, 2020 10:43 PM BST| By Team Kalkine MediaSummary Tenet will be the first theatrical release of a Hollywood blockbuster in the country after the lockdown was imposed in the month of May The industry has had the worst year in three decades this year because of the pandemic. Since the re.....
Allow Takeaways at alert level 4 - Hospitality businesses, Is it Safe?
August 24, 2020 05:25 AM BST| By Team Kalkine MediaPrime Minister Jacinda Ardern earlier announced Auckland returning to Alert Level 3 with rest of the country at Alert Level 2. The statement came after four cases of community transmission, with a total of 14 new cases in Auckland had been c.....
UK Government Debt Crosses £2 Trillion
August 22, 2020 02:30 PM BST| By Team Kalkine MediaAccording to the latest Office for National Statistics (ONS) data, the total debt for British government has crossed £2 trillion in July 2020, rising by £227 billion as compared to July 2019. It is noteworthy that the country’s ec.....
Despite Rise In Job Cuts, Private Sector Output Increased Sharply In Seven Years
August 22, 2020 02:20 PM BST| By Team Kalkine MediaIn August 2020, the private sector companies in the UK saw a significant increase in business activities since 2013. Demand from customers rose for both the manufacturing and service sectors, suggesting an accelerated pace in recovery. The latest s.....
Online Buying: Jump In AO World’s Revenue; AO World, Kingfisher, Hermes, And DPD To Increase Hiring
August 22, 2020 02:10 PM BST| By Team Kalkine MediaOnline shopping platforms had made it easier to make purchases online for a wide range of products. The stay-at-home orders, social distancing norms, and rise in fear of the contagion in closed environments like a shopping outlet have largely restr.....
From CERB to EI: Canada Revises Pandemic Income Support Programs
August 22, 2020 02:00 PM BST| By Team Kalkine MediaInsurance premiums for workers and businesses kept intact at 2020 levels for next two years. Three more new one-year income support benefits proposed for those not covered under EI. The short era of the Canada Emergency Response Benefit...
UK Inflation Rises In July, Driven By Oil And Clothing
August 20, 2020 02:20 PM BST| By Hina ChowdharySummary The CPI annual inflation rate move up to 1 per cent in July 2020, as compared to 0.6 per cent observed in the month of June 2020 Main drivers were the categories of petrol and clothing & footwear Prices of packed holidays and campi.....
Coronavirus impact: Councils are short of £2 billion in their autumn budget
August 20, 2020 08:52 AM BST| By Team Kalkine MediaThe UK councils are facing funding crunch due to unexpected expenses resulting from the impact of Covid-19. While, on the one hand, there were additional costs of adult social care during the pandemic, on the other, the source of income got severel.....
The Tale of Taxpayers’ Money and Softening Covid- 19 Loan Terms for PE Backed Companies
August 19, 2020 08:32 PM BST| By Team Kalkine MediaSummary The benefits being extended to private businesses out of taxpayers’ money, also puts the government on the dock to justify why such a benefit was extended. The recent decision of the government to refuse bailout to some companies .....
