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Rocket Lab to return subsidy if audit finds eligibility inconsistency
June 14, 2021 03:09 AM CEST| By RomaSummary Rocket Lab states internal audit to determine subsidy discrepancy. States it shall return subsidy if eligibility glitch Pandemic related delay has affected business. In a recent report, Rocket Lab, the space-based organisation has.....
Why Inflation right now could add fuel to income inequality
June 13, 2021 04:23 PM CEST| By Furquan MoharkanAs countries across the globe – from China to the US – have been reporting record inflation numbers, it could be having greater consequences than we can think about. There are four types of inflation that exist: creeping inflation (when...
Another Milestone: Popular ‘Doge’ Meme NFT Sells For Record $4 Million
June 13, 2021 04:32 PM AEST| By Raza NaqviThe 'Doge', one of the most renowned memes featuring an image of a Shiba Inu dog with a smirk, was sold as the most expensive non-fungible token (NFT) at US$ 4 million on Saturday, June 12. According to reports, the NFT was sold at an auction site c...
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Do G7 nations favour investment in fossil fuels over green energy?
June 12, 2021 04:42 PM CEST| By Team Kalkine MediaSummary The 47th G7 summit is scheduled for 11–13 June 2021 in the United Kingdom. Ahead of the anticipated event, Tearfund, the International Institute for Sustainable Development, and the Overseas Development Institute published a repor.....
Can cow manure fuel crypto mining?
June 13, 2021 12:36 AM AEST| By Mohammad ZaidSummary Many environmentalists and researchers have raised concerns over the environmental impact of cryptocurrency mining. Several businesses are opting for renewable sources for powering cryptocurrency mining as it consumes a significant quan.....
Climate Investments Must Triple By 2030 To Save Nature: UN
June 12, 2021 04:26 PM CEST| By Team Kalkine MediaSummary Currently, 86 percent of fund come from the governments, financial institutions, or climate protection groups, and the rest, 14 percent, are infused by the private sector. In 2018, private sector contribution was US$18 billion, mobilize.....
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Is cloud computing the future of all businesses?
June 12, 2021 04:26 PM CEST| By Team Kalkine MediaSummary With the onset of an ongoing pandemic, every business is looking towards cloud technologies for survival and growth. Cloud service is getting deployed fast across several markets and geographies. Major cloud service providers are alrea.....
Burger Chain McDonald’s Becomes Latest Victim Of Cyberattack
June 12, 2021 05:19 AM CEST| By Team Kalkine MediaSummary Cyber criminals hack into McDonald’s employee and customer data in South Korea and Taiwan. Meat company JBS and energy firm Colonial Pipeline also have been the target of cyberattacks. JBS and Colonial Pipeline were forced to pay.....
Virginia Joins Global Fight Against Plastic Pollution
June 12, 2021 02:34 AM CEST| By Team Kalkine MediaSummary As per the law, anyone above the age of 16 who intentionally litter plastic outdoors will be fined US$25. It also prohibits the release of 50 gas balloons or more in the air within an hour. The goal is also to reduce single-use plastics.....
US Markets Close Higher Ahead of Fed Meet Next Week
June 11, 2021 11:46 PM CEST| By Sanjeeb BaruahBenchmark US indices closed the week higher on Friday, June 11, ahead of a crucial meeting of the Federal Reserve that may deliberate on the recent spike in inflation and other developments. The S&P 500 was up 0.19% to 4,247.44. The Dow Jones ro...
Average asking prices for New Zealand houses soar 17% in May, price growth to slow in 2021
June 11, 2021 10:00 PM CEST| By SonalHouse prices in New Zealand are on a relentless rise in May as well, hitting a high for the 9th consecutive month. New property statistics released by Trade Me Property show that the average asking price for houses have risen 17% annually to reach $...
Crypto mining 101: Everything you need to know
June 12, 2021 01:42 AM AEST| By AayushSummary Crypto mining means gaining cryptocurrencies by solving complex cryptographic equations using high-powered computers. A blockchain is essentially a series of data blocks “chained” together, which contain key pieces of data. .....
CO2 levels shoot up to record high despite COVID-19
June 11, 2021 05:15 PM CEST| By Team Kalkine MediaSummary Recent data indicates the highest CO2 levels in 63 years, with the COVID-19 shutdown proving insignificant to curb greenhouse gas emissions. Carbon dioxide was recorded at 419 parts per million (ppm) in May 2021, up from 417 ppm i.....
Crackdown on fake medicines trade: Thousands of counterfeit online pharmacies shut worldwide
June 11, 2021 04:48 PM CEST| By Tripti JoshiSummary A record number of web links, including websites and online pharmacies, have been closed under an Interpol-led Operation. Fake COVID-19 tests, face masks and sanitizers made a significant proportion of the counterfeit products. The cou.....
New Zealand manufacturing on a slow but steady growth path
June 11, 2021 09:08 AM CEST| By ManikaSummary May manufacturing activity has shown improvement over April. Its PMI is 58.6, slightly higher over April’s 56.4. Manufacturing sector still faces challenges due to higher input costs and supply-chain disruptions. Manufacturi.....
APAC market mixed; ASX200 up 0.12%
June 11, 2021 05:49 AM CEST| By Furquan MoharkanSummary Asia markets opened on a mixed note on Friday. Chinese shares were in the red. Overnight, the S&P 500 closed at a record high. The equity markets in the Asia-Pacific (APAC) were mixed in Friday trade, after overnight gains on .....
What are signs of a stagflation? Are we headed there?
June 11, 2021 04:57 AM CEST| By Furquan MoharkanIn economics, a higher gross domestic product (GDP) growth means that people in that country have more income. A higher income leads to more spending, which in turn, increase the prices of products and that leads to a spike in inflation. In contrast...
COVID-19: Are Intranasal vaccines better than the traditional vaccine shots?
June 11, 2021 02:47 AM CEST| By Tripti JoshiSummary The intranasal route of vaccine administration has enormous potential because of the organized immune system of the nasal mucosa, high compliance, and low cost. Scientists believe that intranasal vaccines will reduce the virus load in t.....
US Stocks Advance After Mixed Cues From Economy
June 11, 2021 12:28 AM CEST| By Sanjeeb BaruahAll benchmark US indices closed higher on Thursday, June 10, after investors appeared to have ignored new labor data, which showed that consumer prices surged to a record 13-year high in May. The S&P 500 rose 0.47% to 4,239.18. The Dow Jones gai...
Is Bitcoin legal in New Zealand?
June 10, 2021 05:49 PM AEST| By Jasmine AnandSummary The digital currency, Bitcoin is gaining massive popularity across the globe, with a market capitalisation of more than $1000 billion noted in early 2021. NZ investors are also fascinated with investing in Bitcoin, with a market capital.....