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News
Dogecoin Soars By 240%: What’s Behind This All-Time High Rally?
January 29, 2021 02:52 AM AEDT| By Kunal SawhneyThe dog-symbol crypto-coin, dogecoin, shot up by over 240 per cent in less than 24 hours after a popular but unverified twitter handle posted about the meme-crypto. At the time of writing this, DOGE was trading at its all-time high of US$ 0.024926 .....
US Economy Sees Largest Decline Since WWII But Recovery On Track
January 29, 2021 02:34 AM AEDT| By Team Kalkine MediaSource: Natee K Jindakum, Shutterstock Summary US economy contracts by 3.5 percent in 2020, biggest plunge since WWII. Number of jobless claims reduced to 847,000 in the week ending January 23. The International Monetary Fund (IMF) forec...
Lab tests confirm BioNTech (NASDAQ: BNTX), Pfizer vaccine effective against new Covid-19 variants
January 28, 2021 09:15 PM AEDT| By Hina ChowdharyA new laboratory test report that analysed the coronavirus candidate of BioNTech/Pfizer has revealed that the jab is protective against the new variants of the SARS-CoV-2 virus and is easily adaptable.....
New Zealand’s lowest dairy carbon emissions show country using effective techniques
January 28, 2021 05:16 PM AEDT| By Team Kalkine MediaA recent study has revealed that New Zealand dairy has one of the lowest carbon footprints among 18 other nations. New Zealand beats countries like Denmark, the US, and the Netherlands, in this race. The 25 previous studies were taken into conside.....
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After Saudi Arabia, Iraq pitches in with Crude Oil production cut
January 28, 2021 02:48 PM AEDT| By Team Kalkine MediaIraq produced at an average of 3.821 Mbbl/day throughout the last quarter of 2020 as per the OPEC January MOMR data. To make up for the extra production than the decided quota, Iraq has announced a production cut of 25,000 bbls per day of crude oil.....
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Tech giants report earnings: How did Apple & Tesla fare
January 28, 2021 02:30 PM AEDT| By Kunal SawhneyTechnology giants Apple and Facebook turned in profitable revenue reports amid high expectations for the holiday quarter. However, Tesla has provided some mixed bag results. Profitable quarter for Apple Apple revealed it had closed the book on 20.....
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Auckland’s average Housing rent expected to crack $600 per week
January 28, 2021 12:56 PM AEDT| By Mark O'DonnellAccording to latest report, the average Auckland rent increased to $595 per week in December 2020. This represents a 2.1% increase on the average rent a year prior, or an extra $12 a week. Rent freeze comes to an end The government initiated a re.....
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US stocks fall after Fed’s commentary; Dow slips 700 points
January 28, 2021 08:59 AM AEDT| By Team Kalkine MediaThe US benchmark equity indices slipped steeply on Wednesday as the investors reacted to the Federal Reserve’s January monetary policy commentary and weak earnings. The Federal Reserve kept the interest rates unchanged at near-zero. Fed said .....
Brexit rules prompt Amazon to restrict alcohol sale in Northern Ireland: Report
January 28, 2021 02:18 AM AEDT| By Kunal SawhneyUK-based broadcaster ITV PLC (LON: ITV) reported that US multinational company Amazon has stopped the sale of beers, wines, and spirits in Northern Ireland because of the new Brexi.....
Biden Eyes Long-Term Gain Over Short-Term Pain From Drilling Freeze
January 28, 2021 01:17 AM AEDT| By Kunal SawhneyPresident Joe Biden’s order to halt new oil and gas leasing on federal land will have a rippling effect on the industry but it is part of his larger plan to make the US an absolute green economy by 2030. The president has signed an executive.....
Government urges Kiwis to make frequent use of NZ COVID Tracer application
January 28, 2021 12:49 AM AEDT| By Kunal SawhneyWith Coronavirus bringing about uncertainty across the world, there have been tracking apps developed to keep track of the infected person. However, it may be possible that these apps are not being used to their maximum potential. It was recently r.....
AstraZeneca (LON: AZN) tries to clear the air over vaccine shortage with EU
January 27, 2021 11:07 PM AEDT| By Team Kalkine MediaBritish-Swedish multinational pharmaceutical major AstraZeneca PLC (LON: AZN) seems to be mired in difficulties from all sides. On one side, the EU has been threatening the company to stop the export of its coronavirus vaccine to other coun.....
Can Ant Group revive its history-making IPO?
January 27, 2021 07:23 PM AEDT| By Team Kalkine MediaLast year, retail investors got a jolt when Chinese regulatory authorities abruptly suspended the much-awaited Ant Group's IPO, which was expected to be the biggest in history. However, the latest statement by the governor of Chinese central bank .....
Why are Dalian iron futures following a downward trend?
January 27, 2021 06:30 PM AEDT| By Team Kalkine MediaAs President Xi Jinping declared in September that China intends to go carbon-neutral by 2060, the country's steel industry will play a vital role. The sector may shift towards hydrogen-based technology and upgrade its facilities to support the p...
GameStop shares continue haunting short sellers
January 27, 2021 04:52 PM AEDT| By Hina ChowdharyGameStop shares rose significantly in the after-hours trading in the US on Tuesday. A market frenzy has broken in the US markets yet again, similar to what we saw with Hertz last year. Millennials and social media groups, especially from Reddit, ha.....
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Tech Titans Shine Despite Pandemic, Post Excellent Quarterly Results
January 27, 2021 04:30 PM AEDT| By Team Kalkine MediaMega tech players including Google's parent company Alphabet, Facebook and Microsoft have been ruling the technology and digital space for years. The pandemic has further deepened reliance on their products/services, with people all around the worl.....
New Zealand's borders expected to remain shut for the rest of 2021
January 27, 2021 03:14 PM AEDT| By Mark O'DonnellThe uncertainty surrounding the rollout of the Coronavirus vaccine has prompted the Prime Minister Jacinda Ardern to warn that the New Zealand border will likely remain as is for the rest of 2021. Currently, the border is closed to all non-NZ citi.....
SpaceX Launches Rideshare Mission with Record Number of Satellites
January 27, 2021 02:45 PM AEDT| By Kunal SawhneyCalifornia-based SpaceX has set a world record for the largest number of satellites launched into space in a single mission. Calling it a “SmallSat Rideshare” mission, SpaceX launched its Falcon 9 rocket on Sunday, after the initial mis.....
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Why Australia’s consumer prices climbed in December quarter
January 27, 2021 01:47 PM AEDT| By Hina ChowdharyThe consumer prices soared 0.9 per cent in the December quarter even as the Australian economy suffered the economic fallout from the COVID-19 pandemic in 2020. In the September quarter, inflation stood at 0.7 per cent. Image Source: Shutt.....
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Biden beefs up travel restrictions in wake of new virus strains
January 27, 2021 12:56 PM AEDT| By Team Kalkine MediaUnited States President Joe Biden is planning to impose a travel ban on most of the non-US citizens entering the country from select places where new virus strains have cropped up. The travel ban is expected to mitigate the spread of the new varian.....
