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Economy
Germany election results denote a shift in global voting pattern
September 27, 2021 07:32 PM PDT| By Furquan MoharkanBallot paper of the German Bundestagswahl 2009 (Bundestag elections). The centre-left party in Germany seems to be set to form the next government. The centre-left Social Democrats (SPD) were on track for 26% of the vote, ahead of 24.5% for Christi...
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Canada top news: Immunized vs unvaccinated, oil crisis & CIBC expansion
September 27, 2021 07:37 AM PDT| By Shreya BiswasHighlights A new survey done for the Association of Canadian Studies found that over three in every four residents think negatively of the unvaccinated. With supplies as they currently stand natural gas is expected to continue to surge as winte.....
How to plan your perfect hybrid work schedule?
September 24, 2021 07:00 PM PDT| By Ipsita SarkarHighlights Many employees find hybrid work attractive due to the flexibility it offers. Forty-seven percent of workers who participated in a study said they prefer a hybrid work plan. Managers’ office days should be the team members offi.....
In the Spotlight: Top 50 US startups in 2021
September 22, 2021 03:41 PM PDT| By Team Kalkine MediaHighlights This year saw a record number of deals and funds raised. The average seed funding amount in the first half of 2021 was US$2.5 million, a 47% jump from the same period a year ago. According to Startup Genome’s Global Ecosystem .....
Evergrande executives face “severe punishment” securing early redemptions
September 20, 2021 01:39 AM PDT| By Team Kalkine MediaHighlights Six senior executives of a Chinese property group – Evergrande Real Estate Limited face severe punishment for securing early redemptions. The company owes an estimated US$300 billion to the other suppliers and creditors. Everg.....
China’s Evergrande debt bomb: Here’re key developments
September 17, 2021 07:38 PM PDT| By Sanjeeb BaruahHighlights Chinese real estate giant Evergrande Group has a debt of US$300 billion. It is under a severe cash crunch and signaled it out this week, worrying investors. Evergrande’s rating has been downgraded by Fitch, Moody last week, an.....
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How Covid rent debt crisis will get worse with Universal Credit cut
September 17, 2021 06:15 AM PDT| By Rishika RainaHighlights StepChange debt charity has warned that Universal Credit cut will worsen the £360m Covid rent debt crisis. The research suggested one in every ten renters anticipated eviction from their homes due to their debts within the next.....
US retail sales rise in August, lifted by back-to-school shopping rush
September 16, 2021 07:05 PM PDT| By Team Kalkine MediaUS retail sales unexpectedly rose in August amid lingering Delta virus concerns, buoyed by back-to-school shopping splurge and government payments to millions of households with children. Retail purchases climbed 0.7% to US$618.7 billion last mont.....
NZ GDP beats all forecasts, grows 2.8% in June quarter
September 15, 2021 08:56 PM PDT| By ManikaHighlights GDP grows by 2.8% in the June quarter. The numbers are driven by service, retail and accommodation industries. Shows that the New Zealand economy was doing very well before the Delta variant-related lockdowns. The economy grew .....
How do consumers make purchasing decisions?
September 14, 2021 03:18 AM PDT| By Akanksha VashishtHighlights The modern consumer is well-informed and well-equipped with technological tools that help form decisions. As online consumer activity has picked up the pace, individuals have left behind a large trail of data for marketing firm.....
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Why people want an overhaul of childcare costs in UK
September 13, 2021 11:29 PM PDT| By Rishika RainaHighlights The UK has the highest childcare costs across the globe after Slovakia and Switzerland. UK Parents are finding the costs unaffordable and are demanding for an overhaul of childcare costs. According to latest OECD data, the UK ha.....
What to expect from bond and equity markets after RBNZ hikes interest rate
September 12, 2021 09:00 PM PDT| By ManikaHighlights Analysts signal a 25-basis point rate hike in the October monetary policy. This will have an impact on cooling of inflation. Equities and bond prices will feel the headwinds due to interest rate hike. The OCR hike which was put.....
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Facing home loan hurdles? Here’s how to get the best deal
September 11, 2021 07:55 AM PDT| By Sanjeeb BaruahHighlights Six types of home loans are available in the US - three government-backed and three private schemes. The states run the Home Buying Assistance program to guide first-time home buyers. A good credit score, stable income, and employme.....
US airlines stare at a 24-28% revenue drop as Delta variant rages
September 10, 2021 12:37 PM PDT| By Sanjeeb BaruahHighlights Many leading American airlines expect a slowdown in bookings due to rising threats from the Delta variant. Airlines expect a 24-28 percent revenue decline in the third quarter of 2021 compared to the same period in 2019. However, ai.....
APAC markets see a muted week; China emerges as outperformer
September 10, 2021 01:45 AM PDT| By Furquan MoharkanHighlights China, Japan markets have outperformed other markets. COVID-19 continues to weigh heavy on Aussie equities. The KOSPI has been the worst performer in the region. In a muted week for the Asia Pacific equities, Chinese shar.....
Automattic buys Social Image Generator plugin; what it means for WordPress users
September 09, 2021 07:07 PM PDT| By AshishHighlights WordPress parent Automattic has acquired Social Image Generator plugin. Social Image Generator creates social share images for WordPress content from a range of fully customisable templates for customers' social media Earlier i.....
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COVID-19 upturn stalls reopening of Australia’s travel bubble with New Zealand
September 09, 2021 12:13 AM PDT| By Team Kalkine MediaThe reopening of Australia NZ travel bubble has received another setback after New Zealand’s Minister for COVID-19 Response Chris Hipkins brushed off the possibility of resuming quarantine-free travel bubble with Australia in the near future......
NZ to spend NZ$24.3B on transport services and infrastructure in three years
September 06, 2021 05:34 PM PDT| By ManikaHighlights The New Zealand government releases its National Land Transport Plan. To invest NZ$24.3 billion in transport services and infrastructure over three years. NZ$6-billion earmarked for public transport, walking and cycling. The Go.....
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Proportion of payments made using banknotes is declining: RBA
September 03, 2021 07:19 AM PDT| By Priyanka PayalHighlights During the Coronavirus pandemic, the Reserve Bank of Australia highlighted a significant shift to contactless and mobile payments by merchants and consumers. The RBA maintained that the proportion of payments made using banknot.....
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On the runway to Q3 results
September 03, 2021 07:06 AM PDT| By Rini ZachariahHighlights At the end of July, the 2Q GDP data was announced. ABC has also announced the performance of critical variables like retail sales, employment data and loan commitment data. The numbers paint a flimsy picture overall but there .....
