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Economy
Coronavirus effect: Virgin Atlantic’s bankruptcy increases spotlight on airline stocks
August 05, 2020 09:00 AM EDT| By Team Kalkine MediaSummary Facing the Covid-19 crisis, Virgin Atlantic filed for bankruptcy after a month old announcement of securing £1.2 billion in funding. Despite higher cost and lower income, airlines need to invest in safety measures to check the spr.....
Goods exports to China are now nearly half of the total Australian Exports
August 05, 2020 08:10 AM EDT| By Team Kalkine MediaSummary Australian trade surplus rocketed to $8.2 billion in June 2020, driven by rising export of iron ore to China where surged steel production culminated in high iron ore demand. The robust trade statistics come at a time when severe .....
Prime Minister Scott Morrison’s Plan on Economic Recovery – 5 Aspects to be Looked at
August 05, 2020 07:45 AM EDT| By Edita IvancevicSummary A recent emergency state declared in Victoria put new challenges to the Australian health and economy. JobTrainer program is expected to create more jobs that will be needed in the future. Mr Morrison is planning to invest a lot of mon.....
Job losses Continue Unabated at Major British Companies
August 05, 2020 04:15 AM EDT| By Team Kalkine MediaThe spate of job losses in the United Kingdom is not showing any signs of abatement even after the lockdown has been opened in the past three months. Many major companies in the country have announced redundancies in the last month despite evidence.....
Taking A Closer Look At The Income And Wealth Inequalities In Britain
August 03, 2020 09:20 AM EDT| By Kunal SawhneySummary Leading economic thinktank data suggests that while geographical income inequalities are falling across regions overtime in Britain, the wealth inequalities are rising. At the same time, according to the UK government statistics, the di.....
Covid-19 Impact: Leading Banks in the UK Braced for Losses
August 03, 2020 09:10 AM EDT| By Team Kalkine MediaSummary Full year 2020 impairment charge of NatWest bank is likely to be in the range of £3.5-4.5 billion due to a gloomy UK outlook HSBC's PBT plummets 65 per cent amid coronavirus downturn The country’s struggling banks point out.....
UK House Price Growth Rate in July Breaks A 11 Year Record
August 03, 2020 09:00 AM EDT| By Team Kalkine MediaSummary The nationwide house price index rose by 1.7 per cent in July, which is the highest monthly leap in prices since August of 2009 when the market was recovering from the financial crisis Bank of England had also reported that the mortgage.....
How the struggling US economy is affecting geographies worldwide
August 01, 2020 10:00 AM EDT| 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.....
US Economy Charter and Dow Jones: Economy shrivels while stocks are under spotlight
July 31, 2020 11:37 AM EDT| 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.....
Londoners Spent the Least During the Lockdown
July 28, 2020 09:02 AM EDT| By Team Kalkine MediaSummary Affluent sections of the British society have spent a lot less during the lockdown than the low- and medium-income groups London and South East England witnessed the least amount of household expenditures during the lockdown period than.....
Canada’s inflation leaves negative territory, increases 0.7 percent in June
July 25, 2020 02:20 AM EDT| By Team Kalkine MediaCanada’s benchmark inflation measure, the Consumer Price Index (CPI), grew 0.7 percent year-over-year in June, marking its return to positive territory. The inflation had turned negative in April following the enforcement of strict containmen.....
A Brief Outline of CUSMA And Its Impact on Canada
July 22, 2020 02:00 AM EDT| By Team Kalkine MediaThe Canada-United States-Mexico Agreement (CUSMA), also known as USMCA in the United States and T-MEC in Mexico, is the successor of the trilateral accord, North American Free Trade Agreement (NAFTA). CUSMA came into effect on July 1, 2020, and att.....
Retail industry faces ‘COVID-19 hangover’ as consumers spend with caution
July 21, 2020 02:00 AM EDT| By Team Kalkine MediaSummary The pandemic has left major impact on Canada’s struggling retail industry Consumer behavior has changed forever, and rules of retail are being rewritten by the new normal After historic declines in March and April, May retail fig.....
Japanese Exports face the Steepest Plunge as Economy sinks into Recession
July 21, 2020 12:29 AM EDT| By Team Kalkine MediaSummary Japan’s economy slipped into recession in May, with a contraction in GDP by 3.4% annually in Q1 2020, followed by a 7.3% plunge in the previous quarter. Exports plunged 26.2% in June from a year ago as overseas demand for cars, an.....
Double-dip Recession: A possibility in the US?
July 20, 2020 06:28 AM EDT| By Team Kalkine MediaSummary The resurgence of COVID-19 cases in some nations worldwide along with the US has sparked fears and risk of another global economic downturn. The rapid acceleration of coronavirus cases in the US is threatening the economic recovery of t.....
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A glance at Chinese Economy: rebounding or stalling?
July 16, 2020 04:36 AM EDT| By Team Kalkine MediaSummary Though economically China showcases progress, geopolitically China is garnering backlashes across the world, especially from the US for its recently imposed National Security Law on Hong Kong. China’s relationship with the US reac.....
Canada’s Bright Spots Amid COVID-19: The Gradual Return of Investments in Sunshine Sectors
July 15, 2020 10:00 PM EDT| By Team Kalkine MediaCanada’s economy and employment has been decimated by containment measures enforced to curb the spread of the coronavirus. In days following the lockdown, the country’s economy entered a recession and markets crashed, wiping off investo.....
Bank of Canada keeps benchmark rates intact, says full economic recovery unlikely before 2022
July 14, 2020 10:37 PM EDT| By Team Kalkine MediaThe Bank of Canada will maintain its current benchmark interest rate until the “two percent inflation target is sustainably achieved”, said central bank Governor Tiff Macklem while discussing the Monetary Policy Report (MPR) in a teleco.....
Coronavirus Spikes Canada’s Fiscal Deficit To C$ 343.2 Billion; Markets Tread Cautiously
July 08, 2020 10:00 PM EDT| By Team Kalkine MediaSummary Canada’s fiscal deficit soared to C$ 343.2 billion or nearly 16% of the economic output as the spending on coronavirus-related programs went up Much of the COVID support will be financed through new C$ 409 billion bond programs M.....
Zooming Lens on Global Economic Outlook Amidst Fears Over Second Wave of Infection
July 04, 2020 10:00 AM EDT| By Team Kalkine MediaWhile nations such as New Zealand and Australia marked early success in containing the pandemic, the resurgence in infection cases is casting dark eye over prospective travel bubble between the two neighbours, thereby causing massive blow to the em.....
