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Climate Change, Reduced Engine Cost, High Subsidy – Throttles The EV Industry
August 09, 2020 02:39 AM AEST| By Team Kalkine MediaSummary EV sales across the global front are now gaining traction EV makers drop price to cash-in on the government subsidy and increase sales. In the recent past, China further extended the subsidy on EV purchase with scaled reductions from 10.....
Leaf Through Three Key Factors Defining Travel Space Recovery Scenario
August 09, 2020 01:26 AM AEST| By Team Kalkine MediaDespite Australian Prime Minister’s recent statement on continuation of international travel restrictions for some months amid COVID-19 pandemic, the share prices of multiple travel players demonstrated considerable strength on Friday, closin.....
Weekly Economic Calendar: Upcoming Global Updates Under the Spotlight
August 09, 2020 12:10 AM AEST| By Team Kalkine MediaSummary Amidst COVID-19 storm, economies all across the globe have started to reopen in the hope of registering a pyrrhic victory post a bleak first half 2020. After suffering thick and fast, America, China, Australia and New Zealand brace to r.....
Can Negative Interest Rates Become A Reality For The British Economy?
August 09, 2020 12:01 AM AEST| By Team Kalkine MediaSummary Benefits of a negative interest rate regime not very clear, especially in a very subdued demand scenario, due to the deadly impact of the coronavirus pandemic Banks already have a large amount of bad debts in their balance sheets, and n.....
Five-Point Action Plan to Survive COVID-19 Storm
August 09, 2020 12:00 AM AEST| By Team Kalkine MediaSummary The nation’s job market seems to be on track to defeat the pandemic, widening the professional skill set is crucial. Given the potentially positive signs emerging so far, the economic indicators deserve closer attention while gaug.....
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Trump Cuts US ties with ByteDance and Tencent
August 08, 2020 02:47 PM AEST| By Team Kalkine MediaUS-China tensions flaring over the pandemic and economic damage have emerged again on the investors’ plate. Earlier, US President Donald Trump had targeted Huawei and other technology companies citing concerns over jeopardising national secu.....
Uber Reports Dismal Results; Mobility Losses Offset By Delivery Business Gains
August 08, 2020 01:34 PM AEST| By Team Kalkine MediaUber’s latest quarterly numbers reflect the struggle brought in by COVID-19 after the company was seeking to deliver profitability. In the June quarter, its food delivery business came better off the ride services. It delivered gross booking.....
S&P/TSX Composite Index Slips After 3-Day Surge Over US-Canada Trade Spat
August 08, 2020 01:00 PM AEST| By Team Kalkine MediaON TSX: Benchmark equity S&P/TSX Composite Index traded 34.62 points or 0.21% lower against the previous close to finish the day and the week at 16,544.48. Last week, the index ended higher for three out of four trading sessions and bagged approx...
Why Did Trump Reignite Aluminum Tariff War on Canada?
August 08, 2020 12:46 AM AEST| By Team Kalkine Media(Featured image Source: Government of Canada Photos) Summary United States President Donald Trump imposed tariffs on aluminum imports from Canada. Canada warned of a “dollar-to-dollar” retaliatory imposition of tariffs. Th...
JobKeeper Scheme to cost an extra $15 billion amid Victoria crisis
August 07, 2020 09:51 PM AEST| By Team Kalkine MediaSummary Changes worth $15 billion were made in the extended JobKeeper scheme. Businesses will now have to prove a decline in their GST turnover for only one quarter to qualify for JobKeeper extension, and workers will also qualify for the schem.....
Top 10 richest people in the UK
August 07, 2020 09:27 PM AEST| By Team Kalkine MediaIn the times of the coronavirus pandemic, we wake up every day to the reports of new losses in businesses, market turmoil, job cuts, etc. But today, we bring something to cheer for by talking about wealth and affluence-stories of creation of riches.....
Farming and Food: NZ setting up a billion-dollar Apple and Pear industry in 2 years
August 07, 2020 05:08 PM AEST| By Team Kalkine MediaSummary Amid COVID-19, harvesting of apples and pears in NZ continued by following strict regimes, with ~14 thousand workers harvesting ~ 600 thousand tonnes of fruit (as on 3 April 2020) for processing, as well as consumption in both domestic a.....
Australian Billionaires Riding the Market Tide Adding More Billions?
August 07, 2020 05:00 PM AEST| By Team Kalkine MediaThe richest people on earth are not immune to the treacherous novel coronavirus. Despite this, expert consensus opines that the globe's richest people continue to grow richer, as COVID 19 topples the world economy and pushes activities online. Loo.....
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Scoop the Stock Soup: FAANG, Tesla
August 07, 2020 03:05 PM AEST| By Team Kalkine MediaSummary Technology players, particularly the US FAANG companies have played a significant role in battling the pandemic, leveraging a swathe of opportunities to outshine in the crisis. Of late, tech market darlings, FAANG stocks have been sweep.....
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TSX Settled in Green for the Third Straight Day, Thursday
August 07, 2020 01:00 PM AEST| By Team Kalkine MediaON TSX: The broader index of the Toronto Stock Exchange – S&P/TSX Composite Index extended gains of the previous trading session and enhanced by 77.49 points or 0.47% higher to 16,579.10 and settled in green for the third day in a row...
Canadian Insolvency Filings Decline By Record Numbers After Federal Support
August 07, 2020 03:31 AM AEST| By Team Kalkine MediaCanada’s economic response plan and fiscal stimulus measures deployed to soften the blow of the pandemic seems to be bearing fruit. While tens of thousands of establishments shut down in the months of March and April, consumer and business in.....
Labour Market Conditions in The UK Improve as More Sectors Open Up, But Outlook Still Remains Grim
August 06, 2020 11:00 PM AEST| By Team Kalkine MediaSummary The REC and KPMG employment index for July stood at 43.4, up from 34.3 recorded in the month of July The improvement in the employment index in July is being attributed to the opening up of the hospitality sector, the largest employment.....
BP's plan for zero carbon emission by 2050, will other companies follow the suite?
August 06, 2020 08:14 PM AEST| By Team Kalkine MediaSummary Oil majors BP & RDSA have vowed to reduce carbon footprint by 2050 Supermarket operators SBRY & TSCO are likely to become carbon neutral in the next few decades There are some sectors where reducing carbon footprint still seems.....
Impact of Coronavirus on Australian Economy and Way Forward
August 06, 2020 06:29 PM AEST| By Edita IvancevicSummary A start of the new pandemic that originated in Wuhan, China created a global health challenge and an economic catastrophe. Just after the most horrific bushfire season ended, Australians needed to adapt to a “new normal”. B.....
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Unemployment, Financial and Economic Crunch: 3 Things that Kiwi landers May Consider to Sail Though
August 06, 2020 05:59 PM AEST| By Team Kalkine MediaSummary New Zealand’s critical unemployment scenario despite its significant success against the virus indicates an impending concern for the New Zealanders. The hard-hit travel sector might have still to wait for the potential Tran.....
Canadian AI All-Stars: Unveiling the Top Stocks for 2024