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News
Senator McConnell rejects stimulus check increase to US$2000
December 30, 2020 04:37 PM AEDT| By Kunal SawhneyAfter the House voted in favour of the stimulus check increase as per Trump's demand, the legislation is stuck at the Senate level. On 29 December 2020, Senate Majority Leader Mitch McConnell obstructed Democrats' effort to immediately increase the C...
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How Central Banks Changed the Course of 2020?
December 30, 2020 04:03 PM AEDT| By Team Kalkine MediaCentral banks across the globe have constantly been innovating and finding new solutions to combat the economic strain caused by pandemic. Amidst the uncertainty attached to the coronavirus and the lack of complete knowledge about the same, policy .....
A snapshot of 20 most valuable companies on NASDAQ
December 30, 2020 02:05 PM AEDT| By Team Kalkine MediaNASDAQ is a stock exchange based in New York, United States of America. It is one of the leading stock exchanges in the world where many technology companies aspire to list. It has also pioneered the electronic stock market, being the world’s f...
Intel shares closed higher after agreeing with Third Point LLC
December 30, 2020 12:55 PM AEDT| By Kunal SawhneyIntel Corporation shares closed 4.93% on Tuesday in the US after the company acknowledged to improve ‘shareholder value’ and work with Third Point LLC towards the goal of enhancing shareholder value. Source: MegapixlTM Third P.....
US reports first case of the highly contagious new COVID-19 strain
December 30, 2020 12:50 PM AEDT| By Hina ChowdharyThe US reported its first case of the new COVID-19 strain on 29 December. The highly contagious strain was first detected in the UK and led to travel restrictions and widespread lockdown in the European nation. Health officials stated that the new.....
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Is the Recent Rally in Base Metals due to Price Seasonality?
December 29, 2020 08:41 PM AEDT| By Team Kalkine MediaCopper’s Price Action Summary: Copper prices are trading in a perfect symmetrical triangle pattern on a quarterly timeframe chart on Shanghai Future Exchange. It started the year with a bearish tone and gave negative quarterly closing, near .....
House gives the green signal to USD 2,000 stimulus check. Will it cross the Senate’s hurdle?
December 29, 2020 03:25 PM AEDT| By Team Kalkine MediaOn 28 December 2020, the House voted in favour of an increase in the stimulus checks from USD 600 to USD 2,000. Two hundred and seventy-five members voted in approval of the bill, whereas 134 voted against it. Despite being cleared by the House of .....
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New Zealand splurge ~NZ$62M on Boxing Day Shopping, slight decline from 2019
December 29, 2020 03:20 PM AEDT| By Team Kalkine MediaThe holiday season usually brings big spending from the Kiwis and Boxing Day is one of the shopping events to find the best bargains, with supermarkets flooded with shoppers. Even though the Kiwis spent less than last year on the Boxing Day sales,.....
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Another Shock for Ripple Investors, Coinbase to Suspend XRP Ahead of IPO
December 29, 2020 03:13 PM AEDT| By Team Kalkine MediaXRP is once again in the news after cryptocurrency exchange – Coinbase Inc. said that it would suspend the trading of XRP in the wake of a recent lawsuit filed by the United States Securities and Exchange Commission (SEC). To Know More, Do Rea...
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New Zealand all set to mask up better than ever before
December 29, 2020 02:18 PM AEDT| By Team Kalkine MediaThe world has gone through major changes this year due to coronavirus pandemic. This has forced people bring about important lifestyle changes in their lives, and one of them is wearing masks in public. It is one of the most crucial form of p.....
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NZ welcomes UK-EU trade deal, meat exporters left unhappy
December 29, 2020 02:12 PM AEDT| By Team Kalkine MediaNZ government has welcomed the EU and Britain on the Brexit deal’s conclusion on 25 December. The EU and the UK have reached a free trade deal post-Brexit with both of them developing 2 distinct markets and putting an end to the free movement.....
SEC Files Lawsuit Against XRP, How is the Crypto Space Panning Out?
December 29, 2020 12:48 PM AEDT| By Hina ChowdharyThe crypto space is inundated with a series of both good and bad news. Bitcoin is witnessing large buying interest and hitting a fresh all-time high while civil suits are being filed against Ripple. SEC Files Civil Suit Against XRP for Breaching Inv...
Novavax to Commence Pivotal Phase 3 Trial of its COVID-19 Vaccine
December 29, 2020 12:28 PM AEDT| By Kunal SawhneyLate-stage biotechnology player developing next-generation vaccines Novavax Inc (Nasdaq: NVAX) revealed that it would start its late-stage clinical trial. The trial will evaluate the efficacy, safety, as well as immunogenicity of .....
Hemp Tea taken off Shelves due to high levels of CBD, THC presence
December 28, 2020 12:39 AM AEDT| By Kunal SawhneyRecently, Higher Living green tea hemp has been pulled off from the supermarket shelves as it contains higher than permissible levels of Cannabidiol (CBD) and Tetrahydrocannabinol (THC). The stores that sold these tea bags included Countdown,...
Kiwis face flight cancellations in the UK, confusion reigns
December 28, 2020 12:31 AM AEDT| By Hina ChowdharyDue to a new mutant strain of coronavirus moving fast and wide in the UK, several Kiwis who were supposed to head back to their home country are stranded in the UK, as more than 50 countries have imposed travel bans on flights from the UK. More th.....
How can technology help tackle the burgeoning mental health crisis?
December 28, 2020 12:16 AM AEDT| By Team Kalkine MediaThe year 2020 has been a difficult one for people across the world. With the pandemic spewing hellfire globally and stringent lockdowns in place, many people started facing mental health issues. Being locked away at home, people were under stress .....
Is the UK finding hard to revive from the hard blow of COVID-19’s new variant?
December 27, 2020 12:50 AM AEDT| By Kunal SawhneyThe concern around a metamorphosed and high-speed moving variant of coronavirus in the UK has triggered a worldwide travel turmoil of late and has prompted several countries to impose to-and-fro travel restriction for the UK flights. Casting or mode...
Hyundai Mipo Dockyard chosen for building two state-of-the-art ferries for KiwiRail
December 27, 2020 12:25 AM AEDT| By Hina ChowdharyIn a major development, the state-owned KiwiRail has zeroed down on Hyundai Mipo Dockyard (domiciled in South Korea) for building its two Interislander ferries. As a part of its turnaround plan of becoming a long-term viable transporter, KiwiRail .....
Deferred Mortgages a cause of worry in NZ as arrears mount
December 27, 2020 12:18 AM AEDT| By Kunal SawhneyMortgage arrears have been on a rise in NZ as thousands of Kiwis are running behind on mortgage payments. This trend is a result of the fact that the Reserve Bank of New Zealand allowed retail banks to defer mortgage payments for customers, who wer.....
With an eye on clean environment, NZ aims to go green by 2025
December 26, 2020 12:13 AM AEDT| By Kunal SawhneyJacinda Ardern, Prime Minister of NZ, called climate change as among the most significant challenges faced by the country. She declared a climate change emergency earlier this month and promised to be a carbon-neutral government by 2025. The step rec...
