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Economy
Coronavirus Spikes Canada’s Fiscal Deficit To C$ 343.2 Billion; Markets Tread Cautiously
July 09, 2020 03:00 AM BST| By Team Kalkine MediaSummary Canada’s fiscal deficit soared to C$ 343.2 billion or nearly 16% of the economic output as the spending on coronavirus-related programs went up Much of the COVID support will be financed through new C$ 409 billion bond programs M.....
What Are The Leading And Lagging Indicators Of The UK Economy?
July 08, 2020 10:47 PM BST| By Team Kalkine MediaThere are primarily two types of indicators to predict the future direction of any economy – leading and lagging. On a personal level, based on your understanding of these indicators, you could plan out your individual or family finances and ca...
The UK Government Mulls A £3 Billion Package for Energy-Efficient Buildings
July 08, 2020 02:00 PM BST| By Kunal SawhneySummary The green investment package is being earmarked for the purpose of improving the insulation in public buildings and British homes to improve their energy efficiency In 2019, the UK became the first country to pass a law that requires th.....
Auto Sector Current Scenario- UK New Car Sales Post 35 Per Cent Drop in June
July 07, 2020 11:33 PM BST| By Team Kalkine MediaSummary SMMT: New car registrations in UK plummeted by nearly 35 per cent in June 2020 Conventional engines are losing out their market share The electric and hybrid vehicles recorded triple-digit growth in terms of new car registrations for t.....
Sunak mulls over giving fiscal relief to ailing British businesses and support jobs
July 07, 2020 08:52 PM BST| By Kunal SawhneySummary Chancellor to announce an economic statement with stimulus worth £800 million on the afternoon of Wednesday, 8 July 2020 Lots of options on cards like £500 & £250 vouchers to spend in Covid-hit firms, job support m.....
FRC Directs Big Four Accountancy Firms to Separate Audit Arms By 2024
July 07, 2020 02:00 PM BST| By Team Kalkine MediaSummary Big four accountancy firms are responsible for auditing 95 per cent of the firms listed on the FTSE 350 index As per the FRC, the audit divisions are expected to operate as a separate entity by 2024 The purpose of FRC is to catch hold .....
Arts and Culture Receive Government Aid Worth Nearly 2 Billion Pounds
July 06, 2020 02:00 PM BST| By Team Kalkine MediaSummary British Government to invest in art, cultural, and heritage sector to safeguard them from collapsing The funding has been welcomed by the Arts Council England, the Music Venue Trust, the Society of London Theatre, the UK Theatre and the.....
Zooming Lens on Global Economic Outlook Amidst Fears Over Second Wave of Infection
July 04, 2020 03:00 PM BST| By Team Kalkine MediaWhile nations such as New Zealand and Australia marked early success in containing the pandemic, the resurgence in infection cases is casting dark eye over prospective travel bubble between the two neighbours, thereby causing massive blow to the em.....
Tesla Shares Soar Past Toyota to Become the Most Valuable Carmaker
July 02, 2020 11:35 AM BST| By Team Kalkine MediaOn Wednesday, 1 July 2020, Tesla shares hit a high of $1,135.33, taking its market capitalisation to around $210 billion. By the close of session, its shares settled at $1,119.63 with a market capitalisation of $207.55 billion. At a market capitali.....
New Virus Flu strain denting China’s improved PMI and geopolitical win through Hong Kong legislation
July 01, 2020 01:43 PM BST| By Team Kalkine MediaGeopolitical tensions with neighbouring countries such as India, Hong Kong, Tibet, and Japan, or creating trade constraints with Australia, China has been making headlines since the last few weeks. Blamed for spreading the virus worldwide because o.....
Reopening Economies Amid COVID-19 – Dilemma over Economy Vs Health
June 26, 2020 11:35 AM BST| By Team Kalkine Media“The world is learning the hard way that health is not a luxury item; it’s the cornerstone of security, stability and prosperity.”- Dr Tedros Adhanom Ghebreyesus, Director General of WHO. There is a growing social and economic di.....
Is The Second Wave Of Infection Nearing: Dilemma Around Banking Space And Economic Recovery?
June 26, 2020 07:49 AM BST| By Team Kalkine MediaWhile coronavirus outbreak created havoc across the word, the financial and banking sector seems to be worst hit in the pandemic led economic downturn. Besides, charting out path to recovery seems difficult amidst soaring government debt, squeezed .....
Wirecard’s Riches to Rags Story, a fraud to remember!
June 25, 2020 11:30 AM BST| By Team Kalkine MediaGerman fintech darling, Wirecard AG, recently went from Riches to rags after admitting to a €1.9 billion fraud in its financials. The Company’s share prices went down almost 46% (as on 19 June) post the acceptance of the fraud. Ongoing .....
China Stories: Renewed Tensions with US and Increasing External Debt
June 25, 2020 11:15 AM BST| By Team Kalkine MediaChina has been facing backlashes worldwide because of its inability to contain the virus and the current geopolitical tensions with its neighbours and trade partners such as Australia. On top of that, resurgence of the virus has really added .....
Apple HEY email app saga: approval received, developers win
June 23, 2020 06:07 AM BST| By Team Kalkine MediaIn contemporary world, the importance of mobile phones/laptops in our lives is undoubtedly endless. Mobile phones/laptops are undergoing tremendous transformation and are no longer ordinary devices; courtesy of the several incredible characteristic.....
COVID-19 Maybe the New Bone of Contention Amid the US China Trade Feud
June 22, 2020 12:49 PM BST| By Team Kalkine MediaOver the past six months, as 2019 Novel Coronavirus (COVID-19) turned into a pandemic taking the whole world by a wave of shock and uncertainty, various conspiracy theories have been brewing around its origin such as its prediction in a nov.....
Tension Spike Across Himalayan Borders; Boycott Chinese Products Gains Momentum
June 22, 2020 11:40 AM BST| By Team Kalkine MediaThe India-China tension is spiked after the deadly clashes that unfolded between the troops of both the nuclear-armed countries on 15 June 2020 in Galwan Valley. The violent clash claimed the lives of 20 Indian soldiers and reportedly 43 Ch.....
All you need to know about Australia- Britain Trade deal
June 22, 2020 03:00 AM BST| By Team Kalkine MediaAustralia is set to commence free trade talks with the UK later this month as Australia steps up to reduce its reliance on China due to coronavirus induced recession and falling exports of the country to China. Formal negotiations for the trade de.....
Charting Out Australia’s Path to Recovery, Are There Any Bright Spots?
June 19, 2020 04:03 PM BST| By Team Kalkine MediaWhile analysts are debating nation’s positioning amidst possible recession scenario since almost three decades, country’s March quarter GDP dipped by 0.3% . Although impact of lockdown will be mostly visible in second quarter, G.....
Suspicions of the Second wave of coronavirus rise in China
June 19, 2020 04:00 PM BST| By Team Kalkine MediaCoronavirus has resulted in panic and anxiety across the world, accompanied with chaos and dwindling economies. Several countries resorted to lockdown to flatten the coronavirus curve, which forced people to stay at their homes, caused some busines.....
