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Bears grip APAC markets on inflation woes
May 13, 2021 07:07 AM CEST| By Furquan MoharkanThe bears seem to have gripped the Asia Pacific (APAC) markets for the second day on the trot, driven by the fears of rate hikes by the central banks. All the indices in the region, save the Taiwanese markets, were trading in red. The Taiwan Weigh.....
Wright or Wrong? The Curious Case of The Self-Proclaimed Bitcoin Creator
May 13, 2021 02:40 PM AEST| By Team Kalkine MediaSummary Australian computer programmer and entrepreneur Dr Craig Wright has once again had a court case postponed to November. In one of several lawsuits Wright is currently involved in, he is being sued by the brother of his former business pa.....
New Zealand Food prices up 1.1% in April as tomato oversupply ends and minimum wage rises
May 13, 2021 05:59 AM CEST| By SonalSummary New Zealand’s food prices soared 1.1% in April 2021 month on month. Higher tomato and cucumber prices were the main contributors in driving food prices up. An increase in minimum wage also added to the overall rise in food prices.....
Rocket Lab All Set To Test Space Vehicle’s Reusability
May 13, 2021 05:19 AM CEST| By RomaSummary Rocket Lab to send out electron launch testing vehicle. This could mean reusable spacecrafts and vehicles in the future. Up against SpaceX, which already boasts reusable vehicles. Rocket Lab is ready with the first vehicle for ele.....
Bitcoin crashes as Tesla does a U-turn on the largest crypto
May 13, 2021 05:00 AM CEST| By Furquan MoharkanThe Palo Alto-headquartered electric vehicle maker Tesla Inc (NASDAQ: TSLA) will stop using Bitcoin as payment mode for car purchases, CEO Elon Musk has said in a tweet. The price of Bitcoin, has since crashed by 15.8% and is trading below the US$5.....
With House Sales Down in April, Have The Government Measures Started Paying off?
May 13, 2021 04:56 AM CEST| By ManikaSummary NZ house sales down in April, prices remain up. Some think it is a normal thing in April. Some analysts feel that it could be the early signs that govt measures are paying off. Looks like, the government’s measures to contro.....
Petition calls for New Zealand Government to reform Pharmac
May 13, 2021 04:47 AM CEST| By SonalA petition with over 100,000 signatures calling for a substantial increase in budget and independent review of Pharmac was handed over to the New Zealand Parliament on Wednesday. The petition was submitted by Patient Voice Aotearoa (PVA), which deman...
COVID-19 continues to hammer India; global cases decline
May 13, 2021 03:31 AM CEST| By Furquan MoharkanThe spread of the COVID-19 pandemic in India continues to test the limits of the country’s healthcare system, even as the global situation has visibly improved. In last seven days, the fresh cases reported by India – the new epicentre .....
Amazon Dodges US$300 Million EU Tax Order
May 13, 2021 01:23 AM CEST| By Team Kalkine MediaSummary European judges noted that the European Commission failed to show proof of preferential treatment to Amazon by Luxembourg. European Commissioner for Competition Margrethe Vestager had filed the tax evasion case against Amazon. In 2020,.....
US Consumer Prices Rise By 4.2%, The Fastest Pace Since 2008
May 12, 2021 11:55 PM CEST| By Team Kalkine MediaThe US Consumer Price Index (CPI), a key gauge for changes in commodity and services prices, rose 4.2% in April, compared to the same period a year ago, as demand for various goods surged amid a significant improvement in the economy following the .....
SoftBank Posts US$46bn Annual Profit, Highest By A Japanese Company
May 12, 2021 10:00 PM CEST| By Team Kalkine MediaSummary SoftBank's full-year net profit soared to 4.99 trillion yen or US$46 billion, the highest for any Japanese company to date. SoftBank's profit surpassed Microsoft's record annual net profit of US$44.28 billion for its fiscal year ended J.....
Now Google Pay Users In US Can Send Money To India, Singapore
May 12, 2021 08:24 PM CEST| By Team Kalkine MediaSummary It is Google’s first foray into the US$470 billion global remittance market. The payment can only be made between two individuals, and there is no fee for the service. Google Pay, earlier called Android Pay, currently has around .....
Bharat Biotech to commence Phase 2/3 trial of its COVID-19 vaccine on children
May 12, 2021 12:10 PM CEST| By Tripti JoshiIndia-based Bharat Biotech will evaluate its COVID-19 vaccine in a Phase 2/3 clinical trial on children in the 2-18 age group. According to PTI report, the study will be performed on approximately 525 participants at several sites in India. Recent.....
Ether Hits Fresh All-Time High, Up 12%
May 12, 2021 07:31 PM AEST| By AnujEthereum’s crypto token surpassed the US$ 4.3K-mark for the first time on Wednesday (2:45AM EST), May 12, days after achieving the US$ 4K milestone on May 10. Ether witnessed one of the biggest surges of the year and gained as much as 12 per c...
The New Crypto on the Block Bursts onto the Scene
May 12, 2021 07:07 PM AEST| By Team Kalkine MediaSummary A new cryptocurrency, called Internet Computer, debuted on Monday, achieving a market value of US$45 billion, making it the eighth-largest digital currency in the world. The crypto’s ledger, Dfinity, aims to reduce costs and break.....
APAC markets in red; Nissan shares crash 13%
May 12, 2021 07:30 AM CEST| By Furquan MoharkanAll the share markets in the Asia-Pacific (APAC) region were trading in red on Wednesday, as concerns over growing inflation spooked investors. The shares in Taiwan were the worst hit, as Taiwan Weighted Index crashed by 6.02% at the time of filin.....
NZ Super Fund In A Soup As Links With Holdings Related To Myanmar Military Appears
May 12, 2021 07:27 AM CEST| By Team Kalkine MediaSummary NZ Super Fund is the government’s saving vehicle and act as an aid for people over 65 years. Kiwi Super Fund has invested huge amount, nearly NZ$100 million, into many companies that have a connection with Myanmar's military, whic.....
New Zealand to cut merchant service fee charged to businesses
May 12, 2021 06:25 AM CEST| By SonalSummary Merchant fees to be restricted by NZ Government. Customers have increased usage of contactless credit and debit cards amid COVID-19. High cost of fees increases financial burden on businesses. The New Zealand government is plannin.....
How Will Lodestone’s Initiative Boost New Zealand’s Solar Energy Generation
May 12, 2021 04:42 AM CEST| By RomaAs the world faces depletion of natural resources through misuse, renewable energy is the need of the hour. Solar energy, in particular, is something that is slowly making its way into day-to day-lives of people. Image Source: © Airubo.....
Ryah Medtech Joins Hands With Medical Kiwi For Product Distribution Across New Zealand
May 12, 2021 04:09 AM CEST| By Team Kalkine MediaSummary Canada’s Ryah Medtech, Inc., teams up with Medical Kiwi Ltd for the distribution of RYAH Smart Inhaler and cloud-based data analytics platform across New Zealand. It would be a mutually rewarding experience for both the companies,.....