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UK staycations see a boom as Britishers avoid foreign holidays amid quarantine rules for returning from Spain
August 03, 2020 12:13 PM BST| By Team Kalkine MediaStaycations within the UK have recorded a huge rise in inquiries and bookings in past few days as Britishers are looking to spend their holidays within the country to avoid undergoing 14-day quarantine after returning from their foreign holidays. T.....
John Lewis Partnership Mulls Proposals to Turnaround Company, Expand Beyond Retail
August 02, 2020 01:15 AM BST| By Hina ChowdharySummary John Lewis wants some of its closed stores to be converted to affordable housing The company wants to sell its own-label food through its own stores as well as through other retailers’ stores The company is one of the very few in.....
UK Manufacturers to Bring Work Home After Coronavirus Exposes Flaws in Global Trade
August 02, 2020 01:10 AM BST| By Kunal SawhneySummary The pandemic has exposed the vulnerabilities of the global trade, which has undergone an enormous stress test in the recent months Covid-19 took the world by surprise and has stamped the concept of globalisation as a failure Twenty per.....
A Third of UK’s Furloughed Employees Back to Work in The First Two Weeks of July
August 02, 2020 01:00 AM BST| By Team Kalkine MediaSummary The government’s furloughing scheme since the time it was announced has helped nearly 9 million employees This scheme is scheduled to come to an end at the end of October. Given the state of recovery of several industries, it is h.....
Are We in a Messed-up state in the Fight Against COVID-19?
August 01, 2020 03:10 PM BST| By Team Kalkine MediaSummary COVID-19 has emerged as the most challenging thing for the world that has taken severe charge over global economics as well as society. Major economies have felt severe repercussions due to the pandemic with the US GDP tumbling by 32.9%.....
How the struggling US economy is affecting geographies worldwide
August 01, 2020 03:00 PM BST| By Team Kalkine MediaSummary The US reported 32.9% dip in its Gross Domestic Product in the second quarter of 2020, signalling a historic plunge in the economic activity. US economic worries in the face of COVID-19 crisis seem to be further accentuated by tra.....
Covid-19 impact on The Nationwide Housing Price Index in Britain
August 01, 2020 01:15 AM BST| By Kunal SawhneyDuring the month of June 2020, the growth in annual house price came to a screeching halt as the novel coronavirus continues to dampen the state of the economy. According to a recent report on Housing Price Index (HPI) released by the Nationw.....
Back to work during pandemic: UK charities ask government to protect jobs of critically vulnerable workers
August 01, 2020 01:00 AM BST| By Team Kalkine MediaSummary Charities urge the government to protect jobs of critically vulnerable workforce. Given the fear of unsafe working environment and chances of catching infection, these people will have to choose between two tough choices of either letti.....
Covid 19 impact: The Universal Credit Scheme needs to be more effective, says the Lords’ Economic Affairs Committee report
July 31, 2020 11:42 PM BST| By Hina ChowdharySummary Lords’ Committee criticizes universal credit policy for not being able to meet its goals, especially during the coronavirus led pandemic period Government says that more than 3.2 million new claimants have been paid since the mid .....
Top FTSE 250 Stocks Under Spotlight
July 31, 2020 11:30 PM BST| By Kunal SawhneySummary FTSE 250 index reflects UK’s domestic economy and has always made a huge contribution to the UK’s economy. With a backdrop of an FTA with the US and the coronavirus crisis, FTSE 250 stocks have gained importance Investing i.....
Pizza Hut hires Alvarez & Marsal for guidance on company voluntary arrangement: Possible restructuring on cards
July 31, 2020 08:04 PM BST| By Team Kalkine MediaSummary Pizza Hut is in touch with Alvarez & Marsal, a professional services firm to seek help on the benefits of a company voluntary arrangement (CVA). The coronavirus-led pandemic has enforced Pizza Hut restaurant chain to opt for financi.....
Coronavirus: GSK partners with Sanofi to supply 60 million dosages of potential vaccine to UK
July 31, 2020 07:59 PM BST| By Hina ChowdharyThe global pharmaceutical industry has been under the pump since the onslaught of the coronavirus pandemic. Lockdown, social distancing, and health safety are all passive measures to curb the spread of the contagious virus. The world is in dire need...
UK Government to Legalise Video-witnessed Wills During Coronavirus Pandemic
July 31, 2020 07:47 PM BST| By Kunal SawhneySummary The UK government plans to bring certain changes to the existing law to allow remote or virtual witnessing of wills The decision to allow virtual witness of will till January 2022 will remove the hurdles that some citizens have faced wh.....
Covid-19 Impact: Loss for Metropolitan Properties Could Be Gain for Suburban Ones
July 31, 2020 07:15 PM BST| By Team Kalkine MediaSummary The convenience of working from home has now changed businesses outlook on hiring high-end properties in metropolitans and moving to suburbs. While this change in outlook towards metropolitan properties is driving down their rentals, it.....
US Economy Charter and Dow Jones: Economy shrivels while stocks are under spotlight
July 31, 2020 04:37 PM BST| By Team Kalkine MediaSummary On 30 July, both Dow Jones and S&P 500 indices fell 0.85% and 0.38%, respectively, prompted by worst fall of 32.9% in the US GDP numbers in Q2 period, highlighted by Bureau of Economic Analysis. Sharp plunge in consumer spending was.....
How the European Markets’ Performed at Close of Trade? Land Securities Group up 3.19%
July 31, 2020 02:10 PM BST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 7.64 points or 0.24 per cent lower at 3,238.58, Dow Jones Industrial Average Index contracted by 165.11 points or 0.63 per cent lower...
China and Taiwan- The Emerging Catalyst In the Global LNG Demand Growth Curve
July 31, 2020 12:12 PM BST| By Team Kalkine MediaSummary The global LNG trades are moving at rabbit’s pace, with total trades reaching 348 million tonnes in 2019, leading to a supply rush, which is now dependable on China and Taiwan imports and energy policies. Both China and Taiwan are.....
Apple Announces 4 for 1 Stock Split, Posts Record Quarter Despite Pandemic Disruptions
July 31, 2020 12:02 PM BST| By Team Kalkine MediaSummary Apple has once again delivered a beat on street estimates, and this time by quite a surprise with 18% earnings growth. iPhone revenues also increased marginally, while other products and services helped it to deliver record June quarter......
Industry Observers Cry Foul Over UK's Grant Scheme for Customs Intermediaries
July 30, 2020 09:05 PM BST| By Hina ChowdharySummary The government has allocated just £50 million for the recruitment & training of personnel and procurement of associated equipment, which the industry feels is too little to handle the vast custom declarations expected to be fil.....
UK Universities See Rise in Pension Deficit Due to Coronavirus-led Crisis
July 30, 2020 08:55 PM BST| By Kunal SawhneySummary The Universities Superannuation Scheme’s funding deficit for the end of March 2020 has increased to £12.9 billion The major reasons behind the rise in deficit numbers are increased fall in interest rates due to the Coronavir.....
