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New ‘meme stock’? AMC Entertainment’s shares surge
May 28, 2021 02:48 AM CEST| By Furquan MoharkanThe shares of American movie theater chain, AMC Entertainment Holdings Inc (NYSE:AMC), surged 47% on Thursday, as speculative trading by Reddit-obsessed day traders spiked. However, at the end of day’s trade, it closed at US$26.52 a piece &n.....
US Markets Gain As Industrial, Financial Stocks Advance
May 28, 2021 12:37 AM CEST| By Team Kalkine MediaUS stock markets saw significant gains on Thursday, May 27, after new economic data lifted investors’ spirits, with the S&P 500 gaining back over 80% of its losses since March 2020. The S&P 500 was up 0.12% to 4,200.88. The Dow Jones I...
Bitcoin 'Time to Buy' Ad Banned by the UK Watchdog for Being Misleading
May 27, 2021 06:14 PM AEST| By Suhita PoddarThe UK's Advertising Standards Authority (ASA) has banned Bitcoin buying ad by Luno, terming it as misleading and irresponsible. The UK watchdog stated the campaign as persuasive, which failed to convey that investment in cryptocurrencies are volat.....
RBNZ Governor Says Housing Inflation is Temporary
May 27, 2021 07:01 AM CEST| By RomaSummary Housing prices in New Zealand could cool down soon. Reserve Bank Governor analyses the current scenario. Government efforts to control housing prices might soon be fruitful. With the housing industry have been seeing a lot of ups .....
Why are the oil prices volatile in May?
May 27, 2021 04:48 AM CEST| By Team Kalkine MediaCrude oil is one of the highly traded commodities, globally. Its prices are extremely sensitive to factors such as supply-and-demand balance, weather, and geopolitical events. The prices get influenced even with the tiniest news on a global event. .....
APAC markets mostly open in red; ASX200 flat
May 27, 2021 04:39 AM CEST| By Furquan MoharkanSummary Most APAC markets have opened in the red. ASX200 opens flat in green. China macros disappoint. Most of the equity markets across the Asia Pacific region were trading in the red on Thursday, as Chinese industrial profits data showe.....
Pepin Island’s Ownership Comes Back to a New Zealander
May 27, 2021 04:19 AM CEST| By Jasmine AnandSummary Pepin Island has been sold to a NZ buyer, details, and sale price of which are confidential. Previous owners did a lot of work for preserving its ecological properties, the new buyer to follow the same. It is one of the world’s b.....
China’s Inner Mongolia doubles down on Bitcoin ban, outlines punishments
May 27, 2021 04:05 AM CEST| By Furquan MoharkanChinese autonomous region of Inner Mongolia region is planning to further crack down on cryptocurrencies by proposing punishments for companies and individuals involved in digital currency mining. The administrative body of the region -- Inner Mon.....
Move over Bezos & Musk, the world has a new richest man - Bernard Arnault
May 27, 2021 04:01 AM CEST| By Team Kalkine MediaStirred up by the pandemic, the word volatility has been trending across all areas of life and business. The Forbes’ Real Time Billionaires rankings, too, are living the sways as this week saw fashion tycoon Bernard Arnault moving past Elon M.....
New Zealand replaces Provincial Growth Fund with a Smaller Fund
May 27, 2021 03:53 AM CEST| By SonalSummary The New Zealand government replaced Provincial Growth Fund with a smaller fund. The fund will provide seed funding for regional projects. The process would help regions to conquer long-standing issues. The New Zealand Government i.....
Was COVID-19 virus leaked from Wuhan lab? Biden seeks detailed report
May 27, 2021 02:54 AM CEST| By Furquan MoharkanUS President Joe Biden has upped the ante on investigation into the origins of the COVID-19 pandemic, ordering the US intelligence officials to conduct a detailed probe and report back in 90 days. The earlier investigation has zeroed in on tw.....
Australian EV charger developer Tritium to make debut on NASDAQ via SPAC route
May 27, 2021 01:18 AM CEST| By Tripti JoshiBrisbane-based Tritium, a developer and manufacturer of direct current fast chargers for electric vehicles (EVs), has entered into a definitive agreement with a special purpose acquisition company (SPAC) Decarbonization Plus Acquisition Corporation.....
US Markets Close Higher As Energy, Consumer Stocks Lead Broad Rally
May 27, 2021 12:41 AM CEST| By Team Kalkine MediaAll benchmark US indices closed higher on Wednesday, May 26, as investors resumed their bets on economy-linked stocks after inflation worries began to fade. The S&P 500 was up 0.19% to 4,195.99. The Dow Jones Industrial Average increased 0.03% t...
COVID-19 Vaccine Development: A Glance at the Latest Updates around the World
May 27, 2021 12:36 AM CEST| By Tripti JoshiWith several global pharmaceutical companies launching their respective vaccines for the adult population, they are now evaluating them in adolescents, which form a sizeable section of the total population. Experts believe that herd immunity can on.....
Will EV Market Help New Zealand Reach Zero Carbon Level?
May 26, 2021 10:00 PM CEST| By Neha SimpySummary Clean Car Standard Scheme keeps a tab on the supply of automobiles reaching the NZ region. Budget 2021 has made a substantial allocation to NZGIF for decreasing carbon emissions. Wellington City and Hutt to get above 80 charging locati.....
Amazon Announces US$8.45B Deal To Buy MGM
May 26, 2021 06:55 PM CEST| By Kiran MuraliAmazon.Com Inc. (NASDAQ:AMZN) said on May 26 that it agreed to buy entertainment company MGM for US$8.45 billion. California-based MGM, Metro-Goldwyn-Mayer, produces and distributes film and television content. It also owns the EPIX television net.....
Elon Musk’s Dogecoin Preference Backed By “Dogs and Memes”
May 26, 2021 07:03 PM AEST| By Team Kalkine MediaTesla Chief Executive and esoteric cryptocurrency enthusiast Elon Musk tweeted over the weekend why he backs Dogecoin over other cryptos like Bitcoin and Ethereum. In response to a tweet asking why he chooses Dogecoin over other cryptos currently .....
Is COVID-19 preying more on vulnerable countries?
May 26, 2021 09:05 AM CEST| By Furquan MoharkanSummary India remains the epicentre of the coronavirus. Virus is spreading more in the countries with weak health infrastructure. Vaccination shortage may get real. A week ago, the World Health Organisation had expressed concern about the.....
Cyberattack Cripples Waikato Healthcare Services
May 26, 2021 08:55 AM CEST| By Jasmine AnandSummary New Zealand’s Waikato health systems hit by cyberattack, which paralysed the region’s healthcare services. Hospitals forced to cancel elective surgeries and had to send patients with non-serious conditions elsewhere. Malwar.....
Countries to Take A Vow For Productive, Climate-Controlled Tomorrow
May 26, 2021 07:30 AM CEST| By RomaSummary UN Secretary General calls for a round table conference of world leaders. They will rally to focus on sustainable development. COVID-19 vaccination equity one of top priorities. In a big announcement, Antonio Guterres, the Secreta.....