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Economy
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Rising shipping costs affecting UK businesses
February 11, 2022 01:15 PM GMT| By Priya BhandariHighlights Labour shortages, Covid restrictions, and strain on logistics networks led to a rise in shipping costs and significantly lengthened delivery times. The widespread disruption in the supply chain has affected the UK and other eco.....
Can China’s zero-Covid curbs hurt global growth?
February 11, 2022 08:06 AM GMT| By Toshiva JainLike many other nations like Australia and New Zealand, China adapted the “zero-Covid” policy as the deadly COVID-19 pandemic entered our lives. However, most countries suspended the policy and moved ahead with the upliftment of restric.....
Consumer spending down due to Omicron, but things are looking positive
February 08, 2022 09:33 AM GMT| By Sukriti NairHighlights Omicron has caused significant decline in household spending. Inflation and higher labour costs have impacted business conditions in Australia. Economists believe the impact of Omicron is lesser in comparison to previous COVID-19 va.....
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Cost of living crisis: Bank of England expected to hike interest rates
February 03, 2022 12:57 PM GMT| By Priya BhandariHighlights Britons and economists are expecting the Bank of England’s Monetary Policy Committee (MPC) to hike interest rates again on Thursday to curb the pressure of surging inflation. Energy regulator Ofgem has said that the energy pric.....
Australia seeks to join EU's trade row talks against China
February 01, 2022 10:19 AM GMT| By Team Kalkine MediaTrade Minister Dan Tehan said on Saturday that Australia will seek to join the World Trade Organisation (WTO) talks over a trade dispute between China and the European Union (EU). On Thursday (January 27, 2022), China was accused by the EU of foll.....
Should global markets worry over Fed’s interest rate plans?
January 27, 2022 10:18 AM GMT| By DaminiHighlights The US Fed intends to increase interest rates in the coming months amid strong labour market conditions and high inflation. As rate hike fears are looming, investors are no longer considering equities as a hedge against inflation. N.....
If Boris Johnson resigns, who could be the next PM of UK?
January 25, 2022 04:56 PM GMT| By Suhita PoddarHighlights The UK PM Boris Johnson has been facing mounting pressure from ministers and opposition leaders following Downing Street Garden parties held amid the lockdown. Sue Gray is set to announce the results of an inquiry into the parties la.....
Online Safety Bill: 7 points to note
January 24, 2022 12:29 PM GMT| By Priya BhandariHighlights The Online Safety Bill is a proposed Act in the United Kingdom to enhance the safety net around internet. The Digital, Culture, Media, and Sport Committee (DCMS) said the bill is clear on various grounds. A group of MPs has wa.....
Are global markets headed towards a crash in 2022?
January 24, 2022 10:01 AM GMT| By AayushHighlights A superbubble is created when prices of several asset classes go through the roof simultaneously. Finally, the time has come for central banks around the world to start tightening the monetary supply. The Dow Jones is down 6.34% for.....
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Inflation & interest rates fear dampen UK consumer confidence
January 21, 2022 10:04 AM GMT| By Sreenivas D AjankarHighlights The consumer confidence in the UK deteriorated in January 2022 as people became more pessimistic, as indicated by the GfK Consumer Confidence index. The latest reading was the lowest since February 2021, mainly due to rising inflatio.....
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5 reasons why cost-of-living is moving up in Britain
January 20, 2022 10:13 AM GMT| By Sreenivas D AjankarHighlights The inflation rate in the UK rose to its highest level at 5.4% in December 2021. The UK economy has been facing inflationary pressure for the last one year leading to a higher cost of living. At present, prices of goods and services.....
How would inflation further affect sectors? 5 pointers to note
January 20, 2022 10:04 AM GMT| By Priya BhandariThe inflation rate of the UK surged unexpectedly to 5.4% in December up from November’s 5.1%, since its highest in 1992, enhancing pressure on the household sector and on the Bank of England to raise interest rate again. The sharp rise in inf.....
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UK inflation surges to a 30-year high level: What to expect now?
January 19, 2022 02:06 PM GMT| By Sreenivas D AjankarConsumer Price Index (CPI) inflation in the United Kingdom jumped to 5.4% in the final month of 2021. Britain’s inflation rate rose to the highest level in the last 30 years, as per the official figures released by the Office for National Sta.....
Report: World’s richest got richer during pandemic
January 17, 2022 01:52 PM GMT| By Priya BhandariA recent report by Oxfam has stated that the world’s 10 richest people have seen their fortune increase by more than double from US$700 billion to US$1.5 trillion (£1.01 trillion), since the start of the pandemic due to various factors .....
Will RBA follow the US Fed & hike rates?
January 14, 2022 02:28 PM GMT| By Priyabrata PrustyThe US Federal Reserve (US Fed) could start increasing interest rate as early as March 2022 and shrink its balance sheet in response to increasing inflation, said James Bullard, President, Federal Reserve Bank of St. Louis on 06 January 2022. The .....
Is housing market going to crash in 2022?
January 14, 2022 09:00 AM GMT| By AayushHighlights The year 2021 had been one of the best years for housing markets across the globe. The exorbitant rise in housing prices could be majorly attributed to the unprecedented monetary stimulus given by central banks. Mortgage loan compan.....
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IMF- emerging economies must prepare for Fed policy tightening
January 12, 2022 08:02 PM GMT| By Toshiva JainHighlights What happened in 2021 lays a ground for how the market would react amid a pandemic. According to the IMF, the coming months look challenging for emerging economies, keeping in mind factors like elevated inflation and high publi.....
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Will Brexit continue to bother UK businesses in 2022?
January 10, 2022 02:01 PM GMT| By Priya BhandariIt’s been more than a year since the UK left the European Union but its impact on the economy has been a double-edged sword for businesses as trading across the European Union has become very difficult due to various reasons. Before Brexit, .....
Is Australia staring at stagflation in 2022?
January 08, 2022 03:04 PM GMT| By Akanksha VashishtAmid changing headwinds, the inflation forecast for Australia remains convoluted as the country enters another year marked with uncertainty. While inflation anxiety is dominant among some economists, other experts believe that inflationary expectat.....
How is Omicron likely to impact Australian property prices?
January 08, 2022 02:44 PM GMT| By AshishWhile the COVID-19 pandemic caused significant economic distress last year, Australian property prices still managed to rise by 22%, the sharpest rise in three decades. But what should now be expected as the Omicron variant has started to pose anot.....
