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Gold price loses sheen as US govt bond yields shoot up
January 08, 2021 07:56 PM PST| By Team Kalkine MediaThe yellow metal lost some of its shine on Friday as gold slumped on the bullion market by over 3.4%, as the US presidency risks faded away and the US government bond yield grew to its highest level since March 2020. The toll on the gold price soon.....
German carmaker Daimler voices dismay over Washington DC riots
January 08, 2021 07:19 PM PST| By Edita Ivancevicbility was good for economy and it hoped for a peaceful transition of power in US. German car manufacturer Daimler has expressed its disappointment over the riots in Washington DC. Wednesday saw a brutal assault on US democracy when a mob of Tru...
Will minimum wage hike lead to job losses in NZ?
January 08, 2021 05:55 PM PST| By Team Kalkine MediaThe NZ government has given a go-ahead to the plan of enforcing the hike in minimum wage, ignoring the suggestion of Ministry of Business Innovation and employment (MBIE) to delay the increase till October and scale down the minimum wage increase b.....
Could NZ river cleaning projects prove to be an economic equaliser?
January 08, 2021 05:47 PM PST| By Hina ChowdharyThe environment minister David Parker has recently announced 19 different river cleaning projects in the country. There will be about 400 jobs created due to the same, which may be beneficial to several people who have been facing employment issues.....
US Airlines ban alcohol on domestic flights after passengers created ruckus
January 08, 2021 05:10 AM PST| By Edita IvancevicRecent violent protests at the White House resulted in dangerous flying conditions for the passengers, as it was brought to the notice of the Association of Flight Attendants, an American union, which represents 17 airlines in the country. For tha.....
China hands death sentence to ex-banker over bribery charges
January 08, 2021 05:05 AM PST| By Edita IvancevicA former official of a state-owned bank in China was sentenced to death on bribery, bigamy, and corruption charges. Beijing’s drastic and rare move showed that China does not tolerate any serious corporate misconduct in the country. The sent.....
Cryptocurrency Market Cap Crosses $1 Trillion As Bitcoin Soars Above $40,000
January 08, 2021 09:31 PM AEDT| By Kunal SawhneyBlockchain-based cryptocurrencies are rallying on Wall Street as investors display confidence over Bitcoin as a sustainable asset. The world’s most prominent cryptocurrency soared over a record US$ 40,000 on Thursday, doubling in valu.....
Social media giants ban President Trump Accounts
January 08, 2021 01:32 AM PST| By Team Kalkine MediaAfter the Capitol Hill violence on Wednesday condemned by the world leaders across the countries, the social media giants have come into the action. Facebook has announced banning Trump's account for at least until the incumbent President's term ge.....
As new COVID-19 strain hits, NZ, airlines contemplate travel restrictions
January 08, 2021 12:56 AM PST| By Team Kalkine MediaThe exponential growth potential of the new strain of COVID-19 virus is making the public health experts worried. The new mutant is estimated to be 50% more infectious than others. It is a more serious strain and grows much faster—something t.....
Taranaki Mounga advises sightseers to come fully prepared for Summer expeditions
January 07, 2021 11:17 PM PST| By Team Kalkine MediaAs a busy a summer lies ahead of the country’s tourist spots, guests to the Taranaki Mounga are advised to be careful. Due to international travel restrictions, the authorities are expecting large numbers of Kiwis to be venturing for holidays.....
Story of Elon Musk: A Dreamer's Journey to Becoming The World's Richest
January 07, 2021 10:25 PM PST| By Kunal Sawhney2020 was a blockbuster year for EV maker Tesla and its boss Elon Musk despite the COVID-19 blues. Continuing his winning streak, the outspoken maverick has entered the new year 2021 with a bang, becoming the world's richest person. Elon Musk overt.....
Advertising Standards Authority UK alleged Manuka Honey for Breaching code
January 07, 2021 09:13 PM PST| By Kunal SawhneyAn advertisement promoting Manuka Honey as a cure for cough has been condemned as a code breach by the ASA in the United Kingdom. They are of the view that this advertisement is a false claim. The ad landed in hot waters with the Advertising Stand.....
Why Simon and Schuster won’t publish Senator Josh Hawley’s book
January 07, 2021 08:43 PM PST| By Edita IvancevicFamous American publisher Simon and Schuster has decided against publishing Senator Josh Hawley’s latest book, as the Senator was one of the members who sought to overturn the President-elect Joe Biden’s victory. Hawley, a Republican S.....
Will owning a house in NZ become a distant dream amid soaring housing prices?
January 07, 2021 07:55 PM PST| By Team Kalkine MediaNZ posted record housing prices for December 2020, showing no signs of any moderation in the last month of 2020. CoreLogic’s House price index (HPI) revealed that property values rose by 2.6% in December alone, reporting a 6.1% growth in the.....
Boeing Enters DPA in 737 MAX Probe, Agrees to Pay $2.5Bn
January 07, 2021 07:29 PM PST| By Kunal SawhneyThe United States Justice Department and the world's largest aerospace company Boeing have reached an agreement concerning a 737 MAX probe. The American conglomerate has agreed to pay USD 2.5 billion to settle a criminal charge of defrauding safety...
Calls grow for removal of Trump via 25th amendment or impeachment
January 07, 2021 06:31 PM PST| By Team Kalkine MediaThe tumultuous pictures coming from the US Capitol have forced the authorities and lawmakers of the US to ponder upon the impeachment of President Donald Trump prior to Joe Biden taking over as the next president. Violent and raucous scenes pla...
Shopify bans Trump-affiliated stores after Capital turmoil
January 07, 2021 05:58 PM PST| By Edita IvancevicThe e-commerce giant Shopify has decided to remove US President Donald Trump’s stores from its platform. The Canadian company pulled out all merchandise related to the sitting president as a response to recent riots in the US capital Washing.....
The US Capitol incident generates divided opinions in New Zealand
January 07, 2021 05:47 PM PST| By Team Kalkine MediaThe dramatic turn of events in the US capitol building that took place yesterday (7 January 2020) were strongly condemned by people from politics and otherwise, across the world. The protest left 4 protestors and one police officer fatally injured,.....
Euphoria in Bitcoin continues as it surged past US$40,000
January 08, 2021 08:23 AM AEDT| By Team Kalkine MediaThe euphoric rally in Bitcoin continues to make new all-time highs with every passing day. On 7 January 2021, Bitcoin surged past an unbelievable US$40,000 mark after rallying by more than US$3,000. It’s been hardly a week into 2021 and Bitco.....
Tesla Boss Elon Musk Dethrones Jeff Bezos To Become World’s Richest Person
January 07, 2021 08:21 AM PST| By Team Kalkine MediaTesla Inc (NASDAQ:TSLA, TSLA:US) and SpaceX founder Elon Musk finally zoomed past Amazon Inc head Jeff Bezos, to earn the title of the richest person in the world. His net worth is now over US$ 185 billion. The near three-per cent jump in Tesla&rsqu...
