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Economy
DCMS Inducts New Cyber Security Laws to Safeguard Smart Devices
April 30, 2021 03:19 PM BST| By AbhijeetSummary The Department of Digital, Culture, Media & Sports) has introduced new cybersecurity laws Nearly 49 per cent of UK residents have bought at least one smart device since the beginning of the coronavirus pandemic The make.....
Indian, Thai and HK stocks lead the APAC rally
April 29, 2021 06:33 AM BST| By Furquan MoharkanSummary US Federal Reserve’s dovish tone has triggered a rally in APAC markets. Indian and Thai stocks are best performers. BSE Sensex has reclaimed the historic 50,000-mark The shares in India, Thailand and Hong Kong were the top .....
UK retail sales climb 5.4% in March even as online component falls
April 23, 2021 03:09 PM BST| By AbhijeetSummary The UK retail sales grew by 5.4 per cent in March, up from 2.2 per cent in February. Partial easements significantly helped in boosting the retail sales. The March 2021 retail sales were 1.6 per cent higher than February 2020 sales. N.....
Reopening Impact: Consumer Confidence Post Sharp Rise in April
April 23, 2021 09:11 AM BST| By Team Kalkine MediaSummary In the month of April, GfK Consumer Confidence Index increased a notch to -15 from -16 in March. Expectations for the general economic situation for the next 12 months is now 45 points higher than what it was in the same month last year.....
UK MPs Urge the Government to Renew the Scrapped GHG Scheme
April 21, 2021 04:17 PM BST| By AbhijeetSummary The Environmental Audit Committee has written to the UK business secretary calling for clarity on overhauling and extending the GHG scheme, claiming it was poorly implemented. The scheme allowed people to apply for up to £5,000 gr.....
UK CPI inflation jumps to 0.7% in March 2021, says ONS
April 21, 2021 10:15 AM BST| By AbhijeetSummary CPI-based inflation rate in the UK ticked up to 0.7 per cent in March 2021. Fuels and clothing contributed the most towards the upward movement. The annual consumer price indicator (CPI) based inflation rate in the United Kin.....
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FTSE 100 regathers upswing as inflation rises to 0.7% in March 2021
April 21, 2021 09:10 AM BST| By AbhijeetSummary FTSE 100 bounced back on Wednesday after witnessing the worst session in two months on Tuesday. The index hurriedly crossed the psychological mark of 6,900 in the wee hours of trading. The headline FTSE 100 bounced back in th.....
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Bank of England Institutes CBDC Taskforce: 10 Things You Should Know
April 19, 2021 03:38 PM BST| By AbhijeetJon Cunliffe, Deputy Governor for Financial Stability, will be co-chairing the CBDC Taskforce Following the growing usage, trade and exchange of cryptocurrencies and several other digitally-formulated units of exchange, the central banks around...
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Exports of Goods to The EU Recover in February From Sharp Fall of Previous Month
April 13, 2021 01:35 PM BST| By Suhita PoddarSource: MOLPIX, Shutterstock Summary UK’s exports of goods, other than non-monetary gold and other valuable metals, to the EU increased by 46.6 per cent Nation’s total exports of goods (other than non-monetary gold and other precio...
FTSE 100, GBP Struggle as Feb 21 GDP Stays Well Below Oct 20 Peak
April 13, 2021 01:25 PM BST| By Abhijeetctober’s reading GBP slipped into negative territory against the US counterpart UK shares traded range bound, largely in the negative territory in the early afternoon deals on Tuesday, 13 April, after the February 2021 UK GDP read...
UK Economy Expands By 0.4% In February 2021
April 13, 2021 10:54 AM BST| By AbhijeetSource: deepadesigns, Shutterstock Summary UK GDP growth stood at 0.4 per cent in February 2021. February GDP is 3.1 per cent below October 2020 reading. ONS revised January’s 2.9 per cent contraction to 2.2 per cent. The UK econom...
What’s in President Biden’s 2022 Budget Proposal
April 11, 2021 04:32 AM BST| By Team Kalkine Mediahike in government spending, a whopping 40% increase from the 2021 fiscal year. President Joe Biden is seeking more funds for education, healthcare, and renewable energy and research in a budget outline for next year released by the White House....
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Average house price hits new record high in March: Survey
April 09, 2021 12:44 PM BST| By AbhijeetSource: Nopparat Khokthong, Shutterstock Summary Average house price in the UK has clocked a fresh record high in March 2021. On a Y-o-Y basis, the average price of a property in the UK grew by 6.5 per cent. Home sales in February increased t...
British Firms Step Up Hiring in March, Says REC Survey
April 08, 2021 05:40 PM BST| By Suhita PoddarSource:Things, Shutterstock Summary Sharpest rise was seen in permanent job vacancies in March after almost six years. Permanent vacancies rose at the sharpest pace for 32 months in the British private sector. Survey results highlight an impr...
UK construction output in March expands at sharpest pace since Sep 2014: Survey
April 08, 2021 02:25 PM BST| By AbhijeetSource: Sorn340 Studio Images, Shutterstock Summary The UK construction sector recorded growth in March 2021. The Markit UK Construction Index for March came in at 61.7. The House building index contributed the highest in construction activit...
UK services economy returns to growth in March, strongest optimism seen since Dec 2006: survey
April 07, 2021 11:48 AM BST| By AbhijeetSource: Rawpixel.com, Shutterstock Summary The UK services economy has returned to growth in March 2021. The March 2021 reading is notch above from March 2020. The IHS Markit/CIPS UK Services PMI grew to 56.3. The survey has signalled stronge...
UK Mid-Sized Businesses Plan A Hiring Drive to Spearhead Growth: BDO Survey
April 06, 2021 10:29 AM BST| By AbhijeetSource: TheCorgi, Shutterstock Summary According to BDO survey, 86 per cent of the survey respondents wish to hire more staff in the next six months. Three-fourths of the businesses surveyed expect to come back to the pre-pandemic revenue size...
Card spending at 78% of the pre-Covid levels, new ONS data reveals
April 03, 2021 02:10 AM BST| By Suhita PoddarSource: feeling lucky, Shutterstock Summary Latest ONS data shows that last week’s spending through payment cards was at 78 per cent of pre-Covid levels. Spending on staples through cards in the latest week was at 111 per cent of Februar...
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Worrying about rising bond yields? Here’s how to protect your portfolio
April 01, 2021 06:43 PM BST| By AayushSource: Andrii Yalanskyi, Shutterstock Summary Having a judicious mix of debt with equity provides stability to the portfolio returns. Picking up a value stock at a bargain could provide a decent margin of safety during market sell-off. An in...
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Why the FCA Is Trying to Lure SPACs To the UK Markets
April 01, 2021 12:47 PM BST| By Suhita PoddarSource: Worawee Meepian, Shutterstock Summary The Financial Conduct Authority (FCA) would be overhauling its rules to lure special purpose acquisition companies (SPACs) to the UK. SPACs do not have any business operations but raise money throu...
