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New Zealand’s current account deficit in all-time poorest shape
June 15, 2021 07:32 PM PDT| By SonalSummary Current account deficit (CAD) reached $5 billion for New Zealand in the March quarter of 2021. Rise in imported goods and services deficit was the reason behind widening of the CAD. International investment position of the country narr.....
How are medical chatbots transforming patient care?
June 15, 2021 07:27 PM PDT| By Tripti JoshiChatbots are software developed with machine learning (ML) algorithms for stimulating and engaging in a conversation with a user to provide real-time assistance to patients. Chatbots have applications across multiple industries including retail, ba.....
How one gesture by Ronaldo cost Coca Cola US$4 billion
June 15, 2021 07:16 PM PDT| By Furquan MoharkanCristiano Ronaldo of Real Madrid celebrating a goal during a Spanish League match against RCD Espanyol at the Power8 stadium on Maig 17 2015 in Barcelona Spain. Football star Cristiano Ronaldo’s snub to carbonated drink Coca Cola has taken a t...
Reserve Bank of New Zealand adds a new tool to control house prices
June 15, 2021 07:13 PM PDT| By ManikaSummary The RBNZ initiates new tools to keep house prices in control. Government says these should not impact first-time home buyers. The RBNZ says these tools will only help in keeping the prices at sustainable levels. The Reserve Bank o.....
Is New Zealand transport’s transition to EVs a feasible option?
June 15, 2021 06:00 PM PDT| By Jasmine AnandSummary With an increase in carbon emissions across the globe, electric vehicles and hybrid cars are the future of the world. NZ’s Climate Commission outlines a carbon-cutting roadmap with more EV chargers and feebates for electric and hy.....
Which are the top stocks owned by Warren Buffett?
June 15, 2021 04:37 PM PDT| By Kiran MuraliBillionaire Warren Buffett ranks sixth on the list of richest people. The business tycoon’s major chunk of fortune comes from the holdings of Berkshire Hathaway (NYSE: NYSE: BRK). Buffet serves as the CEO and Chairman of Berkshire Hathaway, wh...
US retail sales drop 1.3% in May as spending shifts back to services
June 15, 2021 04:20 PM PDT| By Team Kalkine MediaSummary Expenditure on big items like auto, furniture, building material has dropped due to high prices and supply chain disruption. Spending on food, services, clothing, and entertainment activities like theme parks and casinos has gone up. .....
Can New Zealand make a complete switch to biofuels?
June 15, 2021 03:51 PM PDT| By Team Kalkine MediaSummary Biofuels discussion activated by the Climate Change Commission Is it time for New Zealand to make the leap? Is it feasible for Biofuels to replace Fossil fuels completely? Biofuels are the ones that are created using biomass and n.....
Are retail sales increasing in the US?
June 15, 2021 03:42 PM PDT| By Kiran MuraliRetail sales represent the purchase of goods and service through different channels by consumers and businesses. It indicates consumer demand for finished goods in a market. The Bureau of the Census puts out the advance monthly sales estimate for re...
Torchlight & Alfi: two trending stocks
June 15, 2021 03:39 PM PDT| By Team Kalkine MediaSummary Torchlight stock was one of the most discussed topics on social media Tuesday. Alfi has been working on its AI-enabled ad platform to deliver advertising services to clients. Stocks of Torchlight Energy Resources Inc. (NASDAQ: TRCH.....
Wall Street stocks drift on weak retail-sales data
June 15, 2021 02:48 PM PDT| By Sanjeeb BaruahBenchmark US indices edged lower on Tuesday, June 15, in mixed trading after the latest government data showed retail sales fell by 1.3% in May compared to figures in the previous month. The S&P 500 shed 0.20% to 4,246.59. The Dow Jones declined...
How can I invest in US stocks?
June 15, 2021 01:26 PM PDT| By Team Kalkine MediaSummary US stock investments can be made in three ways: individual stocks, index funds, and Robo advisors. Investment in bonds offers security, income, and diversification. Its drawbacks include low returns, lack of transparency, and issuer def.....
APAC markets mixed; ASX 200 rallies to record high
June 14, 2021 10:54 PM PDT| By Furquan MoharkanThe equity markets across the Asia Pacific (APAC) region were a mixed bag on Tuesday, with Australian shares outperforming peers. The Australian benchmark ASX200 was up 1.06% in the day’s trade and trading at its record high levels, as it op.....
Annual food prices in New Zealand rise 1.8% in May
June 14, 2021 09:39 PM PDT| By SonalSummary Increased vegetable prices were the biggest contributor to the rise in food prices in May. Tomato and capsicum prices increased while kiwifruit prices fell in the month. Annual food prices in NZ rose 1.8% between May 2020 to May 2021. .....
Which countries comprise G7? What is its significance?
June 14, 2021 08:59 PM PDT| By Furquan MoharkanThe Group of Seven, popularly known as G7, is a group of seven countries – the US, the UK, Canada, France, Germany, Japan and Italy – the heads of which hold an annual summit to address the issues of mutual concern. As on date, there is a...
Will New Zealand’s Q1 GDP numbers have an impact on the monetary policy stance?
June 14, 2021 07:58 PM PDT| By ManikaSummary March quarter GDP numbers to be revealed on 17 June. Whether GDP numbers will increase or dip, is the question? Most say, GDP will show an increase in view of the latest updates on NZ’s economic recovery. The Q1 GDP numbers .....
Is inflation here to stay? Read what Jamie Dimon of JP Morgan says
June 14, 2021 07:21 PM PDT| By Furquan MoharkanAs nations continue to recover from the COVID-19-induced recession, the highest inflation levels seen across the economies in more than a decade are roiling the markets. In China, which happens to be the world’s second largest economy, factory...
US oil prices hit 2-year high as demand soars
June 14, 2021 04:22 PM PDT| By Team Kalkine MediaCrude oil prices in the US hit US$71.48 a barrel on Monday, June 14, the highest in the last two-and-half-years. Oil prices have doubled since October last year and are expected to remain high as demand continues to rise with the easing of b.....
Ransomware on the rise in NZ, Companies feel desperate and pay.
June 14, 2021 03:45 PM PDT| By RomaSummary Ransomware becoming a growing issue across the world. To pay or not to pay, that is the question! How can the number of attacks be brought down? Ransomware seems to be slowly becoming a huge problem in New Zealand with several Com.....
US markets close flat as technology, real estate stocks advance
June 14, 2021 02:52 PM PDT| By Team Kalkine MediaUS stocks closed flat on Monday, June 14, ahead of a crucial meeting of the Federal Reserve in which senior officials are expected to take stock of the current inflationary pressures. The S&P 500 was up 0.18% to 4,255.15. The Dow Jones declined...
