Economy

BP's plan for zero carbon emission by 2050, will other companies fol...

Summary Oil majors BP & RDSA have vowed to reduce carbon footprint by 2050 Supermarket operators SBRY & TSCO are likely to become carbon n...

Impact of Coronavirus on Australian Economy and Way Forward

Summary A start of the new pandemic that originated in Wuhan, China created a global health challenge and an economic catastrophe. Just after the...

Unemployment, Financial and Economic Crunch: 3 Things that Kiwi land...

Summary New Zealand’s critical unemployment scenario despite its significant success against the virus indicates an impending concern for the...

Coronavirus effect: Virgin Atlantic’s bankruptcy increases spotlight...

Summary Facing the Covid-19 crisis, Virgin Atlantic filed for bankruptcy after a month old announcement of securing £1.2 billion in funding....

Goods exports to China are now nearly half of the total Australian E...

Summary Australian trade surplus rocketed to $8.2 billion in June 2020, driven by rising export of iron ore to China where surged steel production...

Prime Minister Scott Morrison’s Plan on Economic Recovery – 5 Aspect...

Summary A recent emergency state declared in Victoria put new challenges to the Australian health and economy. JobTrainer program is expected to c...

Job losses Continue Unabated at Major British Companies

The 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....

NZ Legalising Cannabis: Is It Worth Rolling The Bill?

Upcoming September voting on the Cannabis Legalisation and Control Bill to be introduced by the New Zealand Government will decide the fate of recreat...

Taking A Closer Look At The Income And Wealth Inequalities In Britai...

Summary Leading economic thinktank data suggests that while geographical income inequalities are falling across regions overtime in Britain, the we...

Covid-19 Impact: Leading Banks in the UK Braced for Losses

Summary 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...

UK House Price Growth Rate in July Breaks A 11 Year Record

Summary 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 ma...

How the struggling US economy is affecting geographies worldwide

Summary The US reported 32.9% dip in its Gross Domestic Product in the second quarter of 2020, signalling a historic plunge in the economic activit...

US Economy Charter and Dow Jones: Economy shrivels while stocks are...

Summary 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 number...

Londoners Spent the Least During the Lockdown

Summary Affluent sections of the British society have spent a lot less during the lockdown than the low- and medium-income groups London and South...

Canada’s inflation leaves negative territory, increases 0.7 percent...

Canada’s benchmark inflation measure, the Consumer Price Index (CPI), grew 0.7 percent year-over-year in June, marking its return to positive te...

Retail industry faces ‘COVID-19 hangover’ as consumers spend with ca...

Summary The pandemic has left major impact on Canada’s struggling retail industry Consumer behavior has changed forever, and rules of retail...

Japanese Exports face the Steepest Plunge as Economy sinks into Rece...

Summary 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 th...

Double-dip Recession: A possibility in the US? 

Summary The resurgence of COVID-19 cases in some nations worldwide along with the US has sparked fears and risk of another global economic downturn...

A glance at Chinese Economy: rebounding or stalling?

Summary Though economically China showcases progress, geopolitically China is garnering backlashes across the world, especially from the US for its...

Canada’s Bright Spots Amid COVID-19: The Gradual Return of Investmen...

Canada’s economy and employment has been decimated by containment measures enforced to curb the spread of the coronavirus. In days following the...