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World news
US Fed Continues to Pump Money, Nasdaq Contours New ATH
December 17, 2020 03:04 PM AEDT| By Kunal SawhneyThe US stock market has once again ended at a record high on 16 December 2020, with S&P 500 and Nasdaq 100 both hitting their previous record highs while Nasdaq 100 even establishing a new record of 12,698.11 (intraday high). One of the primary...
Giving away billions of fortunes in charity: The McKenzie Scott way
December 17, 2020 12:57 PM AEDT| By Edita IvancevicMcKenzie Scott on Wednesday shot into limelight again after she announced to donate A$5.5 billion (US$4.2 billion) in charity in four months. Ms Scott has already given away A$2.3 billion in July. That philanthropic cause included 116 organisations.....
Technology giants to provide sensitive information to Federal Trade Commission
December 16, 2020 08:34 PM AEDT| By Kunal SawhneyThe Federal Trade Commission (FTC) said that the major technology companies would need to provide detailed information on how they collect consumer's personal data and how they use it. The Federal regulators have decided to ask Facebook, Twitter, A.....
Are America’s wealthiest 1% calling dibs on COVID-19 vaccine?
December 16, 2020 06:02 PM AEDT| By Edita IvancevicAfter Pfizer’s pioneer COVID-19 vaccine received emergency approval for distribution in the US, many Americans are keenly waiting for an opportunity to get the first jab. READ MORE: Pfizer’s COVID-19 vaccine receives a go-ahead sign fr.....
Australia drags China to the WTO over barley tariffs
December 16, 2020 05:54 PM AEDT| By Edita IvancevicThe Australian government announced that it would take China to the World Trade Organisation over massive tariffs on Australian barley. The situation which arose in May has posed a significant threat to the A$2.5-billion sector. This is the first.....
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Wish to tap the US secondary market with US$1.1 billion IPO
December 16, 2020 03:59 PM AEDT| By Team Kalkine MediaAfter the successful launch of Airbnb and DoodDash’s billion-dollar IPOs, now its time for the Online retailer, Wish to hit the market. The company is coming out with an IPO of US$1.1 billion, making it the 31st IPO this year to exceed the bi.....
Disney+ on cloud nine after engaging billion-plus subscribers
December 15, 2020 06:22 PM AEDT| By Edita IvancevicSince its launch in November 2019, Disney Plus has attracted a significant number of subscribers, becoming one of the most notable competitors to Netflix. Last week, the streaming platform held an online event, where it presented its goals and ide.....
Google services’ global outage: Here’s what exactly happened?
December 15, 2020 04:53 PM AEDT| By Edita Ivancevicwere forced to take a break or an entire day-off until the problem was rectified. Numerous Google and YouTube services, including Gmail and Google Drive, suffered a 45-minute outage on Monday, disrupting the operations of schools and work envir....
Jacinda Ardern assures New Zealand-Australia travel bubble to come up early next year
December 15, 2020 04:39 PM AEDT| By Edita Ivancevicthe news, saying his country was ready to meet the required terms and conditions. In a welcome decision which can boost travel industry in New Zealand and Australia, Kiwi Prime Minister Jacinda Ardern confirmed to establish a trans-Tasman trave....
China turns up the heat on trade war, bans Australian coal
December 15, 2020 03:13 PM AEDT| By Edita Ivancevice A$14 billion coal industry joins the show, raising anxiety in Australian miners. Chinese authorities are thought to have confirmed a formal ban on A$14 billion coal imports from Australia on Monday night. Since then, the Australian government...
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Kordia Group Mourns after its Ex-CEO Scott Bartlett died following a battle against Brain Tumour
December 15, 2020 02:27 PM AEDT| By Team Kalkine MediaFormer CEO of Kordia Group, Scott Bartlett who was diagnosed with multiple brain tumour in August 2019 died at the age of 40, battling against cancer on 15 December 2020. Scott Bartlett was one of the famous names on the New Zealand tech scene. He w...
Biden Gets Green Signal from Electoral College to Become 46th US President
December 15, 2020 01:52 PM AEDT| By Team Kalkine MediaOn Monday, 14 December 2020, the US president-elect Biden got a substantial majority of votes in the Electoral College. This confirms his victory in the last month's presidential elections and affirms that he would be the next president of the US. .....
Global Economy to regain speed on a Bumpy Road to recovery
December 14, 2020 08:27 PM AEDT| By Team Kalkine MediaThe global economy has shown its remarkable resilience as it gradually progressed through the COVID-19 pandemic. Though prospects for a way out of the crisis have risen, some countries are still battling the rising number of virus cases by re-impo.....
NZX regular trading on Monday morning postponed due to connectivity issues
December 14, 2020 01:01 PM AEDT| By Team Kalkine MediaOn 14 December, NZX postponed the opening of the share market until 11:30 am due to technical glitches and issues on the interface between its clearing and settlement and trading systems. The stock market operator declared that the main Board and .....
UK Moves Step Closer to First Nuclear Fusion Power plant
December 13, 2020 12:04 AM AEDT| By Kunal SawhneyThe UK government has started the hunt for a 100-hectare site for its upcoming nuclear fusion-based power plant. Called as Spherical Tokamak for Energy Production (STEP), it is expected to cost around £2 billion. Production is anticipated to .....
Top Players Across the Globe Riding Gaming Boom
December 12, 2020 03:33 AM AEDT| By Hina ChowdharyThe gaming market has been on a lively run in 2020. As the pandemic forced people to stay put at their homes, gaming emerged as an alternative to many activities which require close contact. Also, the gaming industry has evolved significantl.....
Money doubled! Airbnb (NASDAQ: ABNB) skyrockets on market debut
December 11, 2020 08:33 PM AEDT| By Team Kalkine MediaAirbnb Inc (NASDAQ: ABNB) has entered the capital markets with a bang as the shares of the San Francisco-headquartered online home-sharing platform rallied over 100 per cent upon the stock market debut on Thursday. Airbnb has successfully raised a .....
What is GoFundMe and how does it work?
December 11, 2020 08:02 PM AEDT| By Edita Ivanceviconey is required. Raising money for any occasion is possible on GoFundMe, an online platform where anyone can start a campaign to crowdsource money from strangers. GoFundMe is famous for raising thousands of dollars for those experiencing diffi...
Pfizer’s COVID-19 vaccine receives a go-ahead sign from FDA Expert Panel
December 11, 2020 04:40 PM AEDT| By Team Kalkine MediaIn a significant recent development, the Pfizer-BioNTech coronavirus vaccine gets FDA officials panel's nod for the Emergency Use Authorization (EUA) of the vaccine. The Vaccines and Related Biological Products Advisory Committee (VRBPAC) has endor.....
Airbnb IPO debuts with a bang, share price doubles
December 11, 2020 02:28 PM AEDT| By Team Kalkine MediaIt was a smashing debut for the much-awaited Airbnb IPO. On the first day of its listing, the stock price got more than doubled. The overwhelming response the share received on debut gave the impression that it was an end to Airbnb’s difficul.....
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