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Economy
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Wagamama latest to report staff shortage, Brexit curbs blamed for crisis
September 06, 2021 08:33 PM AEST| By Priya BhandariBritish Restaurant chain Wagamama has reported struggle in hiring chefs across a fifth of its restaurants as the businesses in the country warn of recruitment difficulties because of supply chain woes and staff shortages. After the relaxation of C.....
Looming crisis: NHS warns backlog could hit 13 mn if govt fails to give £10 bn
September 04, 2021 02:12 AM AEST| By Rishika RainaHighlights NHS officials have warned that patients are genuinely facing a huge risk. The UK government should provide £10 billion every year to avoid the NHS backlog from reaching as high as 13&nbs.....
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Proportion of payments made using banknotes is declining: RBA
September 04, 2021 12:19 AM AEST| By Priyanka PayalHighlights During the Coronavirus pandemic, the Reserve Bank of Australia highlighted a significant shift to contactless and mobile payments by merchants and consumers. The RBA maintained that the proportion of payments made using banknot.....
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On the runway to Q3 results
September 04, 2021 12:06 AM AEST| By Rini ZachariahHighlights At the end of July, the 2Q GDP data was announced. ABC has also announced the performance of critical variables like retail sales, employment data and loan commitment data. The numbers paint a flimsy picture overall but there .....
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Wetherspoons joins the list of firms hit by supply chain crisis in UK
September 02, 2021 04:12 PM AEST| By Nidhi GuptaWetherspoons on Wednesday joined the list of effected firsm as it reported that its Carding and Coors beers are the latest casualty of the supply chain crisis as most pubs are not receiving deliveries. Its brewers, Molson Coors, said that the suppl.....
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Why should Rishi Sunak think again about pensions triple lock?
September 01, 2021 11:58 PM AEST| By Rishika RainaPrime Minister Boris Johnson and Chancellor of Exchequer Rishi Sunak were seen to be locked in a bitter row as the borrowing costs increase due to the pandemic, leading to fear in the minds of savers regarding the safety of their retirement in.....
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Should the UK government extend furlough scheme beyond September?
September 01, 2021 07:49 PM AEST| By AbhijeetThe unions and firms in the UK want the Furlough scheme, introduced by the Boris Johnson government, to continue to protect workers in industries that were badly affected by the Covid-19 pandemic, as the job subsidy scheme that supported over 11 mi.....
How Brexit has affected the UK banking sector
August 29, 2021 12:40 PM AEST| By Suhita PoddarThe European Banking Authority (EBA), which is the watchdog of the block, has recently stated in its annual survey of bankers earning more than €1 million (£850,000) that the total number of millionaire bankers in the UK has dr.....
How many international airlines are still flying to Australia?
August 26, 2021 12:54 PM AEST| By AshishEven as the international borders remained closed for passengers for the last many months, a few airlines flew in and out of Australia, benefitting from quarantine-free travel corridors and specially organised repatriation flights. More airlines a.....
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Is it time to update the UK's ancient tax structure?
August 23, 2021 07:01 PM AEST| By Kamalika GhoshThe UK’s Office of Tax Simplification (OTS) is looking to update its centuries old end of the tax year date from April 5 to either March 31 or the end of the calendar year. In June, the OTS published a report, looking at the pros and cons of.....
The week ahead: Key economic events to watch
August 20, 2021 06:43 PM AEST| By Team Kalkine MediaHighlights The recent wave of the Delta variant has posed a significant roadblock in the path to global economic recovery. The key economic announcements lined up ahead would provide better insight into how world leaders are planning to fight t.....
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Afterpay Day 2021: Check out the best fashion and tech deals
August 19, 2021 04:31 PM AEST| By AshishHighlights Afterpay is back with its sale event, which occurs twice a year. The four-day Afterpay sale, which began at 7 AM (AEST) on 19 August, is offering discounts as high as 70% on popular brands. Major deals are spread across fashion, bea.....
A quick look at 10 most influential economists
August 19, 2021 12:27 PM AEST| By Team Kalkine MediaAs a field of study, economics has taken a diverse path over years, which is characterised by rapid developments and changing philosophies. Meanwhile, the field has witnessed several monumental changes/new ideologies over the course of time and has.....
What is greenwashing?
August 16, 2021 11:24 PM AEST| By Kamalika GhoshThe Boris Johnson government has announced that it would go for a review on how energy retailers are marketing ‘green’ electricity tariffs to consumers amid growing concerns that many companies are exaggerating how ecofriendly their pro.....
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How are low interest rates helping Canada & US?
August 13, 2021 11:30 PM AEST| By Ankit SethiHighlights In March 2020, the Bank of Canada cut its benchmark interest rates to 0.25 per cent. In the wake of the pandemic, the US Federal Reserve has also maintained interest rates at record-low levels. Inflation is high in both the US and C.....
The week ahead: Key economic data to watch
August 13, 2021 05:33 PM AEST| By Team Kalkine MediaSummary Most countries remain positioned to face higher levels of inflation as economic recovery takes shape across the globe. The economic revival has not been uniform across nations, with some countries still struggling to contain the v.....
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When will Australia lift international travel ban?
August 13, 2021 04:26 PM AEST| By AshishSneh Gandha, a 63-year-old from Jalandhar, India, has been, without fail, tracking updates daily on the existing coronavirus scenario in Australia. Her elder son Sumeet resides in Sydney, the capital city of New South Wales (NSW), which was last he.....
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How UK’s fintech sector reached an all-time high
August 12, 2021 08:05 PM AEST| By Kamalika GhoshFinancial technology, or fintech, is a globally emerging industry which uses technology to enhance and improve the delivery of financial services and related processes. UK’s fintech investments have recently hit a new record after its £.....
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UK’s fintech investments hit a record £17.7 billion in H1 2021, KPMG report
August 11, 2021 09:43 PM AEST| By Suhita PoddarUK’s fintech sector investment reached £17.7 billion ($24.5 billion) in H1 2021, making the country the second-largest fintech investment hub in the world behind the US, where investment for the same period stood at $42.1 billion, accor.....
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How hospitality sector desires to overcome ‘Pingdemic’ hurdles
August 06, 2021 10:09 PM AEST| By AbhijeetSummary Hospitality sector has been the worst-hit industries in last 16 months Pingdemic is hurting the businesses and operations as firms face staff shortages UKHospitality has welcomed the proactive initiative of pinging the people Th.....
AI on the Rise: A Look at Top AI Companies and Their Stocks