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Economy
Are The Prospects Of A No-Deal Brexit Increasing?
August 25, 2020 09:11 AM EDT| By Team Kalkine MediaMichel Barnier, chief negotiator, European Union (EU) is a strong negotiant and has asked the EU states to be thick-skinned with Britain as the Brexit deadline is coming closer. During the seventh round of trade negotiations held between the two p.....
Allow Takeaways at alert level 4 - Hospitality businesses, Is it Safe?
August 24, 2020 12:25 AM EDT| By Team Kalkine MediaPrime Minister Jacinda Ardern earlier announced Auckland returning to Alert Level 3 with rest of the country at Alert Level 2. The statement came after four cases of community transmission, with a total of 14 new cases in Auckland had been c.....
From CERB to EI: Canada Revises Pandemic Income Support Programs
August 22, 2020 09:00 AM EDT| By Team Kalkine MediaInsurance premiums for workers and businesses kept intact at 2020 levels for next two years. Three more new one-year income support benefits proposed for those not covered under EI. The short era of the Canada Emergency Response Benefit...
Road to Economic Salvation Not Easy For Chrystia Freeland, Canada's First Woman Finance Minister
August 19, 2020 08:01 AM EDT| By Team Kalkine Mediainancial reporting under the belt. Canadian Prime Minister Justin Trudeau has named deputy PM Chrystia Freeland as the new Finance Minister, after Bill Morneau stepped down from the post over policy differences. In addition to the cabinet shuffl...
Bill Morneau resigns from Trudeau cabinet, speculations begin on next Finance Minister
August 17, 2020 01:40 PM EDT| By Team Kalkine Medialos and deputy PM Chrystia Freeland top contenders. Finance Minister Bill Morneau stepped down from his cabinet position on Monday (August 17) amid reports of increasing rift with Prime Minister Justin Trudeau over federal spending on COVID supp...
Despite Rising Employment Figures, Canada is Staring at Bumpy Economic Growth
August 11, 2020 01:48 PM EDT| By Kunal SawhneyCanada's job growth is trickling back, inch by inch. In July, the economy added 419,000 jobs while the jobless rate dropped to 10.9 per cent. A total of 1.66 jobs were regained in the last three months. Yet, the employment numbers are nowhere clos.....
CERB is ending for millions of Canadians. What Next?
August 11, 2020 01:45 PM EDT| By Team Kalkine MediaA week after Canada imposed sweeping countrywide lockdown to limit the spread of the coronavirus, Prime Minister Justin Trudeau unveiled a fiscal stimulus package which included an income replacement fund called the Canada Emergency Response Benefi.....
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China exports grow 7.2pc in July while clouds loom over Australia-China relations
August 10, 2020 05:50 AM EDT| By Team Kalkine MediaSummary China's exports rose 7.2% in July, while imports fell 1.4% compared to a year ago. The rise in exports came due to the rising demand for medical supplies, and automobiles as coronavirus restrictions eased around the world. China's trad.....
RBA charts out Economic Recovery Forecasts apparently with 'No Vaccine Roll-out' assumption
August 10, 2020 01:11 AM EDT| By Team Kalkine MediaSummary A rise in the number of coronavirus cases in Victoria post June has deteriorated the broader outlook of the Australian economy. The economy is expected to shrink by 6% in 2020 with a growth of 5% in 2021, while the unemployment rate is .....
Leaf Through Three Key Factors Defining Travel Space Recovery Scenario
August 08, 2020 11:26 AM EDT| By Team Kalkine MediaDespite Australian Prime Minister’s recent statement on continuation of international travel restrictions for some months amid COVID-19 pandemic, the share prices of multiple travel players demonstrated considerable strength on Friday, closin.....
Weekly Economic Calendar: Upcoming Global Updates Under the Spotlight
August 08, 2020 10:10 AM EDT| By Team Kalkine MediaSummary Amidst COVID-19 storm, economies all across the globe have started to reopen in the hope of registering a pyrrhic victory post a bleak first half 2020. After suffering thick and fast, America, China, Australia and New Zealand brace to r.....
Can Negative Interest Rates Become A Reality For The British Economy?
August 08, 2020 10:01 AM EDT| By Team Kalkine MediaSummary Benefits of a negative interest rate regime not very clear, especially in a very subdued demand scenario, due to the deadly impact of the coronavirus pandemic Banks already have a large amount of bad debts in their balance sheets, and n.....
Five-Point Action Plan to Survive COVID-19 Storm
August 08, 2020 10:00 AM EDT| By Team Kalkine MediaSummary The nation’s job market seems to be on track to defeat the pandemic, widening the professional skill set is crucial. Given the potentially positive signs emerging so far, the economic indicators deserve closer attention while gaug.....
Why Did Trump Reignite Aluminum Tariff War on Canada?
August 07, 2020 10:46 AM EDT| By Team Kalkine Media(Featured image Source: Government of Canada Photos) Summary United States President Donald Trump imposed tariffs on aluminum imports from Canada. Canada warned of a “dollar-to-dollar” retaliatory imposition of tariffs. Th...
JobKeeper Scheme to cost an extra $15 billion amid Victoria crisis
August 07, 2020 07:51 AM EDT| By Team Kalkine MediaSummary Changes worth $15 billion were made in the extended JobKeeper scheme. Businesses will now have to prove a decline in their GST turnover for only one quarter to qualify for JobKeeper extension, and workers will also qualify for the schem.....
Canadian Insolvency Filings Decline By Record Numbers After Federal Support
August 06, 2020 01:31 PM EDT| By Team Kalkine MediaCanada’s economic response plan and fiscal stimulus measures deployed to soften the blow of the pandemic seems to be bearing fruit. While tens of thousands of establishments shut down in the months of March and April, consumer and business in.....
Labour Market Conditions in The UK Improve as More Sectors Open Up, But Outlook Still Remains Grim
August 06, 2020 09:00 AM EDT| By Team Kalkine MediaSummary The REC and KPMG employment index for July stood at 43.4, up from 34.3 recorded in the month of July The improvement in the employment index in July is being attributed to the opening up of the hospitality sector, the largest employment.....
BP's plan for zero carbon emission by 2050, will other companies follow the suite?
August 06, 2020 06:14 AM EDT| By Team Kalkine MediaSummary Oil majors BP & RDSA have vowed to reduce carbon footprint by 2050 Supermarket operators SBRY & TSCO are likely to become carbon neutral in the next few decades There are some sectors where reducing carbon footprint still seems.....
Impact of Coronavirus on Australian Economy and Way Forward
August 06, 2020 04:29 AM EDT| By Edita IvancevicSummary A start of the new pandemic that originated in Wuhan, China created a global health challenge and an economic catastrophe. Just after the most horrific bushfire season ended, Australians needed to adapt to a “new normal”. B.....
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Unemployment, Financial and Economic Crunch: 3 Things that Kiwi landers May Consider to Sail Though
August 06, 2020 03:59 AM EDT| By Team Kalkine MediaSummary New Zealand’s critical unemployment scenario despite its significant success against the virus indicates an impending concern for the New Zealanders. The hard-hit travel sector might have still to wait for the potential Tran.....
