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Is Oneweb’s Revival by The UK Government A Reason to Worry?
July 24, 2020 01:39 PM BST| By Kunal SawhneySummary The UK MPs started an inquiry into the government's investment of $500mn (£400mn) in OneWeb, amid an expose from a top official. As part of the post–Brexit strategy on space programmes, the government along with Indian telec.....
Employers Turn Bullish on Jobs and Investment in the UK
July 24, 2020 01:30 PM BST| By Hina ChowdharySummary It is the first time since February 2020 that the businesses have been positive on creating jobs There are many businesses who have been on a hiring spree, Hermes announced plans to create more than 10 thousand jobs in the UK Most of t.....
Britain Preparing to Settle for A No-Deal Brexit as Talks Remain Stalled
July 23, 2020 09:15 PM BST| By Kunal SawhneySummary The British government seems to have lost confidence in the Brexit negotiations that have been going on between the two sides since January this year The bone of contention in the negotiations is on two subjects, one of the fishing righ.....
Aviation Sector Needs Government Support to Put A Check on Relentless Job Losses
July 23, 2020 09:06 PM BST| By Team Kalkine MediaSummary The slump in air traffic has led to a significant increase in pay cuts and job losses in the industry Ryanair is going to shut its base at the Frankfurt Hahn airport as its German pilots refused the pay cuts British Airways, Lufthansa.....
Review on Performance of 3 FTSE 250 Stocks- BEZ, BOY and GFS
July 23, 2020 02:15 PM BST| By Kunal SawhneySummary Beazley achieved strong growth of 12 per cent with gross premiums increasing to $1,663.9 million in H1 2020 (H1 2019: $1,483.6 million) Bodycote's revenue deteriorated by 16.3 per cent to £306.7 million in H1 2020 (H1 2019: £.....
Beware Small Investors: You Could Lose Money As Chilango Likely To Go Bankrupt
July 23, 2020 02:11 PM BST| By Team Kalkine MediaSummary People who bought into the company’s burrito bond scheme might lose most of their money Chilango dining chain’s 12 Mexican cuisine restaurants on the verge of closure Re-evaluate your corporate bond portfolio keeping few ti.....
UK Quarterly Borrowings A Cause For Concern
July 23, 2020 02:10 PM BST| By Kunal SawhneySummary Government borrowings touched a record high level during Q2 2020 This was a result of the various schemes announced to combat the unprecedented coronavirus crisis The splurge in government expenses seems far from being over, as the eco.....
Covid-19 Impact: Higher Than Usual Instances Of Pay Freeze
July 23, 2020 02:00 PM BST| By Hina ChowdharySummary Employers in the UK trying to save on costs, in view of an uncertain business environment – XpertHR Survey The slow economic activity is one of the key reasons why employers are reluctant to give a pay raise, as demand levels acr.....
Trump Goes COVID-19 Vaccine Shopping, Pumps ~US$2 Billion in Pfizer/BioNTech candidate
July 23, 2020 08:55 AM BST| By Team Kalkine MediaSummary Trump Administration secures 100 million doses of Pfizer and BioNTech’s vaccine for US$1.95 billion to meet the Operation Warp Speed (OWS) program’s goal of delivering 300 million doses of COVID-19 vaccine in 2021. In May 20.....
Unilever Surged by 7.88% at Close of Trade
July 23, 2020 05:10 AM BST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 38.02 points or 1.16 per cent lower at 3,238.00, Dow Jones Industrial Average Index contracted by 339.92 points or 1.26 per cent lower at 26,6...
EU Reaches A Deal To Create A €750 Billion Recovery Fund
July 22, 2020 11:51 PM BST| By Kunal SawhneySummary Deal reached after five-day marathon meet between the EU leaders in Brussels, to agree on an economic recovery plan, that would see billions being given to European countries most affected by the coronavirus pandemic. The discussions w.....
Covid-19 Updates On The UK Housing Market
July 22, 2020 11:45 PM BST| By Team Kalkine MediaSummary The asking price of housing in July 2020 was 2.4 per cent higher than its early March levels: Rightmove’s House Price Index Government should convert town centres into houses: Social Market Foundation A surge in divorce enquiries.....
British Exchequer To Review All Its Spending Plans For The Next Five Years
July 22, 2020 02:10 PM BST| By Hina ChowdharySummary The British government has incurred an unprecedented debt in the recent past to support the pandemic-struck sluggish UK economy Chancellor Sunak clarified that the review is not a rethink of the commitments made by the government in it.....
Quick Update on the UK Markets’ Performance; Kingfisher up by 14.62%
July 22, 2020 05:10 AM BST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 12.54 points or 0.38 per cent higher at 3,269.84, Dow Jones Industrial Average Index expanded by 106.65 points or 0.40 per cent higher at 26...
Cultural Events in The UK Get Green Signal with Appropriate Social Distancing Measures
July 21, 2020 10:45 PM BST| By Kunal SawhneySummary The government has given a go-ahead for the opening of indoor performing arts events in the United Kingdom from 1 August 2020 and conferences from 1 October 2020, but with adequate social distancing measures Operas, orchestras, and othe.....
A Notable Drop Seen In The Household Income During May 2020 For The UK
July 21, 2020 10:08 PM BST| By Team Kalkine MediaSummary Households in the United Kingdom have witnessed the worst income shock since the 1970s oil crisis: Resolution Foundation report The scenario is expected to worsen once the furlough support gets withdrawn in October 2020 Gender-pay pari.....
Innovative Eyewear Inc. - A Pioneer of Prescription Tech glasses you can wear all-day
July 21, 2020 02:10 PM BST| By Team Kalkine MediaInnovative Eyewear Inc, a company established in 2020 with an aim to upgrade the world’s glasses, is the new US operator of the Lucyd smartglass brand. Lucyd has been a market leader in smart eyewear by becoming the first to deliver prescriptio...
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How the European and US Markets’ Performed Lately; Ted Baker Surged by 14.45%
July 21, 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 13.79 points or 0.42 per cent higher at 3,265.63, Dow Jones Industrial Average Index expanded by 292.78 points or 1.10 per cent highe...
5 LSE listed Silver Mining Stocks to Watch: FRES, HOC, POLY, POG, and 0R28
July 21, 2020 02:00 PM BST| By Kunal SawhneyMost of the asset classes have been volatile across the capital markets in the recent times, due to the economic impact of the coronavirus pandemic. A lot of wealth has been eroded from the stock markets since the pandemic washed up the shores of t.....
How is the UK's Logistics Business Faring?
July 21, 2020 01:50 PM BST| By Hina ChowdharySummary Logistics businesses in the UK are looking forward to improving their operations as most of the shoppers have migrated to online platforms. As online delivery orders soar, Hermes is likely to create 10k new jobs; it has invested around .....
