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Economy
RBA charts out Economic Recovery Forecasts apparently with 'No Vaccine Roll-out' assumption
August 10, 2020 06:11 AM BST| By Team Kalkine MediaSummary A rise in the number of coronavirus cases in Victoria post June has deteriorated the broader outlook of the Australian economy. The economy is expected to shrink by 6% in 2020 with a growth of 5% in 2021, while the unemployment rate is .....
Top Trends That Are Going to Reshape the Fintech Industry In 2020 And Beyond
August 09, 2020 01:11 AM BST| By Team Kalkine MediaSummary Fintech aims to make the service delivery easy, quick and secure by using advanced technological tools The size of the British fintech industry in 2019 was £7 billion, equivalent to about 11 per cent of the global market fintech s.....
High street looks worried despite a rise in number of people visiting shops
August 08, 2020 11:51 PM BST| By Kunal SawhneySummary A survey by BRC and ShopperTrak said that shopper visit declined by 42 per cent in annual terms for July 2020. In the first half of 2020, administration and job cuts announced at high street retailers have surpassed the numbers fo...
UK Convinced of a Brexit Deal Before the End of The Year with Changing Tone Of EU
August 08, 2020 11:42 PM BST| By Hina ChowdharySummary The Brexit deal is important to ensure a tariff-free movement of goods to flow across borders as they did before the UK parted ways with the European Union Both sides urgently need a deal as it will ensure that the competitive landscape.....
FCA Warns High-Cost Lenders to Be More Responsible During the Pandemic Crisis
August 08, 2020 11:30 PM BST| By Team Kalkine MediaSummary The chances of small and small duration borrowers being drawn into a spiral of debt are always high during times of financial crisis like the present one induced by the coronavirus pandemic Repeat lending to high-risk individuals increa.....
Leaf Through Three Key Factors Defining Travel Space Recovery Scenario
August 08, 2020 04:26 PM BST| By Team Kalkine MediaDespite Australian Prime Minister’s recent statement on continuation of international travel restrictions for some months amid COVID-19 pandemic, the share prices of multiple travel players demonstrated considerable strength on Friday, closin.....
Weekly Economic Calendar: Upcoming Global Updates Under the Spotlight
August 08, 2020 03:10 PM BST| By Team Kalkine MediaSummary Amidst COVID-19 storm, economies all across the globe have started to reopen in the hope of registering a pyrrhic victory post a bleak first half 2020. After suffering thick and fast, America, China, Australia and New Zealand brace to r.....
Can Negative Interest Rates Become A Reality For The British Economy?
August 08, 2020 03:01 PM BST| By Team Kalkine MediaSummary Benefits of a negative interest rate regime not very clear, especially in a very subdued demand scenario, due to the deadly impact of the coronavirus pandemic Banks already have a large amount of bad debts in their balance sheets, and n.....
Five-Point Action Plan to Survive COVID-19 Storm
August 08, 2020 03:00 PM BST| By Team Kalkine MediaSummary The nation’s job market seems to be on track to defeat the pandemic, widening the professional skill set is crucial. Given the potentially positive signs emerging so far, the economic indicators deserve closer attention while gaug.....
After a rescue deal, Travelex falls into administration
August 07, 2020 11:44 PM BST| By Kunal SawhneySummary Travelex announced debt restructuring as the company collapsed into administration due to the dual impact of coronavirus pandemic and the cyberattack that it faced in December 2019. A special purpose vehicle (SPV) consisting of some cre.....
BoE Signals Short Term Bounce Back but A Long Route to Full Recovery
August 07, 2020 11:37 PM BST| By Team Kalkine MediaSummary The BOE monetary policy committee expects the economy to make a stronger comeback in the second and the third quarter of the year in comparison to its previous projections. Earlier than the expected opening of the lockdown measures, and.....
Why Did Trump Reignite Aluminum Tariff War on Canada?
August 07, 2020 03:46 PM BST| By Team Kalkine Media(Featured image Source: Government of Canada Photos) Summary United States President Donald Trump imposed tariffs on aluminum imports from Canada. Canada warned of a “dollar-to-dollar” retaliatory imposition of tariffs. Th...
JobKeeper Scheme to cost an extra $15 billion amid Victoria crisis
August 07, 2020 12:51 PM BST| By Team Kalkine MediaSummary Changes worth $15 billion were made in the extended JobKeeper scheme. Businesses will now have to prove a decline in their GST turnover for only one quarter to qualify for JobKeeper extension, and workers will also qualify for the schem.....
A Glimpse of World of Sports Amid Covid-19 And Arsenal’s Plan of Job Cuts
August 06, 2020 11:07 PM BST| By Team Kalkine MediaSummary The sports industry has suffered immensely because of the Covid-19 pandemic The pandemic has financially impacted Arsenal, leading to cutting the jobs of 55 of its non-playing staff members Major international sports events have been r.....
LSE stocks nosedive as the BoE keeps the interest rate untouched
August 06, 2020 02:00 PM BST| By Team Kalkine MediaSummary FTSE 100 dropped by 1.71 per cent after the Bank announcement Interest rate retained at 0.1 per cent BoE expects CPI inflation rate to hover around 0.25 per cent for H2 2020 It forecasted an unemployment rate of 7.5 per cent for the y.....
Labour Market Conditions in The UK Improve as More Sectors Open Up, But Outlook Still Remains Grim
August 06, 2020 02:00 PM BST| By Team Kalkine MediaSummary The REC and KPMG employment index for July stood at 43.4, up from 34.3 recorded in the month of July The improvement in the employment index in July is being attributed to the opening up of the hospitality sector, the largest employment.....
BP's plan for zero carbon emission by 2050, will other companies follow the suite?
August 06, 2020 11:14 AM BST| By Team Kalkine MediaSummary Oil majors BP & RDSA have vowed to reduce carbon footprint by 2050 Supermarket operators SBRY & TSCO are likely to become carbon neutral in the next few decades There are some sectors where reducing carbon footprint still seems.....
Impact of Coronavirus on Australian Economy and Way Forward
August 06, 2020 09:29 AM BST| By Edita IvancevicSummary A start of the new pandemic that originated in Wuhan, China created a global health challenge and an economic catastrophe. Just after the most horrific bushfire season ended, Australians needed to adapt to a “new normal”. B.....
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Unemployment, Financial and Economic Crunch: 3 Things that Kiwi landers May Consider to Sail Though
August 06, 2020 08:59 AM BST| By Team Kalkine MediaSummary New Zealand’s critical unemployment scenario despite its significant success against the virus indicates an impending concern for the New Zealanders. The hard-hit travel sector might have still to wait for the potential Tran.....
Businesses in the UK Lobby Against Phase Out Of COVID-19 Stimulus Measures
August 05, 2020 02:11 PM BST| By Kunal SawhneySummary The government expenditure levels for its main stimulus schemes to support businesses during the pandemic has already reached astronomical levels, crossing £50 billion mark Businesses are strongly lobbying against the withdrawal o.....
