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Online Scams: UK consumers clueless on how to avert frauds
August 04, 2021 12:31 AM PDT| By Kamalika GhoshA recent report by Which? has stated that the UK’s biggest banks are failing to provide proper support to fraud victims, leaving them feeling vulnerable and abandoned at a time of crisis and exposed to future scams. In last one year, as per a.....
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OCR hike imminent as NZ jobless rate falls to 4%
August 03, 2021 10:57 PM PDT| By ManikaThe unemployment numbers showed a better-than-expected drop in the second quarter on the back of a strong economic recovery and the shortage of skilled and unskilled labour. With rising inflation and strong employment numbers, will the Reserve Bank.....
RBA to cut bond buying program by 20% after a month
August 03, 2021 12:02 AM PDT| By Furquan MoharkanThe Reserve Bank of Australia (RBA) will trim its bond purchase program by 20% after a month despite the need for more liquidity in a system which has been hit hard by the COVID-19 pandemic. The Australian central bank said that it will purchase gov...
APAC markets open mixed ahead of RBA decision
August 02, 2021 06:34 PM PDT| By Furquan MoharkanThe equity markets in Asia-Pacific (APAC) region traded mixed on Tuesday morning as investors are keenly looking out for the Reserve Bank of Australia’s latest monetary policy decision. In Japan, the benchmark Nikkei 225 slipped 0.34% in early...
What do we know about UK's fuel poverty?
August 02, 2021 07:36 AM PDT| By Kamalika GhoshSummary Another half a million homes are pushed towards fuel poverty as global gas prices hit a 16-year high. Ofgem is expected to raise the price cap on energy to unaffordable levels, leading to soaring costs this winter. UK’s net.....
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What is The Triple Lock on Pension Saving?
August 02, 2021 06:00 AM PDT| By Kamalika GhoshChancellor of Exchequer Rishi Sunak has given a broad hint that the UK government may temporarily break the pension triple lock this year to prevent the UK Treasury being landed with a £7 billion uprating bill. The chancellor added that a po.....
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How have the COVID-19 lockdowns affected employment in Australia?
July 30, 2021 07:00 AM PDT| By Daniel Paul JohnsSummary Until the beginning of July, Australia was doing very well in terms of recovery. According to the Australian Bureau of Statistics (ABS), in June 2021, unemployment decreased to 4.9% from 5.1% in the previous month. The recent lock.....
US GDP grew by 6.5% in Q2, falls short of expectations
July 29, 2021 01:24 PM PDT| By Team Kalkine MediaSummary The latest figure fell short of economists’ expectations. However, it was a slight improvement from the 6.3% growth rate in the first quarter of 2021. The second-quarter growth rate was higher than the pre-pandemic level, signific.....
UK begins Covid-19 vaccine donation, to give away 9 million jabs
July 28, 2021 07:26 AM PDT| By AbhijeetSummary The UK government will be donating nine million vaccines starting this week Indonesia, Jamaica and Kenya are amongst the countries who stand to benefit The government has pledged to donate 100 million vaccines by the end of June .....
Planning to invest? Keep track of these economic indicators
July 27, 2021 03:25 AM PDT| By Team Kalkine MediaSummary Economic indicators can be used to better understand the economy and map out its future pace of growth. Using indicators such as GDP and relevant data on output can help investors view the market beyond just a set of graphs. GDP growth.....
What are the benefits and risks of a ‘vaccine passport’ for UK businesses?
July 26, 2021 10:49 PM PDT| By Suhita PoddarThe widespread availability of COVID-19 vaccines, increasing rate of vaccinations as well as businesses seeking to resume operations may all work in favour of providing vaccine certificates to know the vaccination or immunization status of any indi.....
Biden unveils new aid for mortgage borrowers
July 23, 2021 10:50 AM PDT| By Team Kalkine MediaSummary The plan seeks to extend the repayment time and lower monthly principal and interest rates for mortgages. It aims to prevent a repetition of the sharp increase in foreclosures that occurred after the 2008-09 economic crisis. It seeks t.....
Westpac cuts fee for KiwiSaver scheme to help people reach their investment goals
July 19, 2021 06:05 PM PDT| By RomaSummary Westpac cuts fee for its KiwiSaver Funds Scheme by one third. Balanced fund, growth, and cash fund charges to witness drop. Efforts being made to help people get the most of investments. In a recent announcement, Westpac Banking C.....
Know what’s latest in the global economic calendar
July 16, 2021 03:26 AM PDT| By Team Kalkine MediaSummary Economies across the globe are actively recovering from the COVID-19 crisis, with major policy changes looming ahead. Improvement in the unemployment figures has cast expectations of inflationary spells in New Zealand and the US. .....
Inflation makes NZ consumers worried, new data shows price rise to 3.3%
July 15, 2021 07:58 PM PDT| By ManikaSummary Inflation more than forecast as announced in the latest numbers. Mainly driven by oil price hikes and new houses’ building costs. The demand for interest rate hike next month gets stronger. Inflation numbers released by Stat.....
Will RBNZ be the first central bank to raise interest rates?
July 15, 2021 06:12 PM PDT| By RomaSummary The RBNZ keeps OCR unchanged in its monetary Policy review. Hike in interest rates being expected as early as August. Consumer market index and labour market data to influence further developments. With the updates laid out by the.....
Democratic Senators roll out draft bill to legalize marijuana
July 14, 2021 01:41 PM PDT| By Team Kalkine MediaSummary The bill seeks to legalize marijuana; the government would tax it at the national level. Prices of many pot stocks soared following the news. Eighteen states has legalized cannabis for recreational purposes and 37 for medical use. .....
RBNZ keeps OCR unchanged but ends quantitative easing
July 13, 2021 09:50 PM PDT| By ManikaSummary RBNZ’s MPC agrees to put an end to stimulus As a first, halts its Large-Scale Asset Purchase (LSAP) programme Says, economy robust and its time to tighten the settings RBNZ’s Monetary Policy Committee (MPC) on Wednesda.....
Record rising median prices shatter New Zealanders’ dream of owning home
July 13, 2021 05:30 PM PDT| By RomaSummary Median home prices increasing alarmingly in the country. New Interest rate update could mean a difference in the current scenario. Waikato amongst the cities that have witnessed a quick surge in prices. As the housing prices in th.....
US inflation climbs 5.4% in June, highest growth in 13 years
July 13, 2021 01:19 PM PDT| By Kiran MuraliSummary The consumer price index grew 5.4% year over year in June, following a 5% increase in May. The core price index, which factors out food and energy, climbed 4.5 percent year over year. The increase in used cars and trucks prices contrib.....
